QUESTION 3: MONETARY POLICY

“There is considerable uncertainty about the near-term outlook for the Australian economy. Much will depend on the success of the efforts to contain the virus and how long the social distancing measures need to remain in place. A very large economic contraction is, however, expected to be recorded in the June quarter and the unemployment rate is expected to increase to its highest level for many years.” (Lowe, 2020)

Given the RBAs view of the economy, explain what actions they could take. In your answer focus on the interest rate, consumption and investment.

300-400 words please

Near Earth Objects (NEOs) is anything in space that comes too close to Earth (within 1.3 AU) and is sufficiently large. Describe two challenges astronomers face in finding NEOs.

Additionally, scientist distinguish between potentially hazardous objects (140m or larger) and hazardous objects (larger than 1km). What would happen to Earth if an object greater than 1km collided with the planet?

What would happen to Earth if a potentially hazardous object collided with the planet?

Q3. A multistorey building is constructed in Al Seeb near old Muscat international airport. All the structural work like (foundations, beams, columns, slabs and walls) of the building was completed. Now they want to start the exterior work like (plastering and painting of the whole building) to complete the building.   

a. Write any four type of scaffolding suitable for the above construction.   

b. Explain briefly the four types of scaffolding mentioned in the above question with neat sketch and label its parts.

c. How to set the complete procedure of the scaffolding for the multistoried building?

d. Write any three points about the advantages of steel scaffolding over the timber scaffolding

Groups of dolphins were systematically observed off the coast of Iceland near Keflavik in 1998. Each observation included the main activity of a dolphin group (Activity) and the time of day the group was observed (Time). The groups varied in size, with feeding or socialising groups usually including more dolphins than travelling groups, but no information about group size was included with the data. The observations are summarised in the following table: No. of groups, summarised by activity and time. Time Morning Noon or Afternoon Evening Activity Travelling 6 20 13 Feeding 28 4 56 Socialising 38 14 10

(a) In looking for an association between Activity and Time, which variable would be the predictor and which the response? Justify your answer.

(Is this correct),My answer is-

1. The predictor variable is the main activity of a dolphin group

         (Activity) and the response variable the time of day the group was

         observed (Time). The Activity of the dolphins decides what time of day

         it is.

(b) How strong is the evidence that dolphin activity typically varies during the day? Test at a 1% significance level.If you conclude that there is a relationship, describe it.

Does this look like I am on the right path?

(My answer)

1. H0: There is no association between Dolphin Activity and the Time of day.

H1: There is some association.

     Significance Level: α= 0.01

         The test requires for the sample to be randomly selected and all the

         expected observations to be ≥5.

(My question)-It says the dolphins are systematically observed(does that mean it is not a random sample?)

Thirty small communities in Connecticut (population near 10,000 each) gave an average of x = 138.5 reported cases of larceny per year. Assume that σ is known to be 44.5 cases per year. (a) Find a 90% confidence interval for the population mean annual number of reported larceny cases in such communities. What is the margin of error? (Round your answers to one decimal place.)

(b) Find a 95% confidence interval for the population mean annual number of reported larceny cases in such communities. What is the margin of error? (Round your answers to one decimal place.)

(c) Find a 99% confidence interval for the population mean annual number of reported larceny cases in such communities. What is the margin of error? (Round your answers to one decimal place.)

(d) Compare the margins of error for parts (a) through (c). As the confidence levels increase, do the margins of error increase?

As the confidence level increases, the margin of error decreases. As the confidence level increases, the margin of error increases.     As the confidence level increases, the margin of error remains the same.

(e) Compare the lengths of the confidence intervals for parts (a) through (c). As the confidence levels increase, do the confidence intervals increase in length?

As the confidence level increases, the confidence interval remains the same length. As the confidence level increases, the confidence interval decreases in length.     As the confidence level increases, the confidence interval increases in length.

Hawley Inc. manufactures designer iPod cases for national distribution. The standard costs for the manufacture of designer iPod cases were as follows:

    Standard Costs Actual Costs

Direct materials 1,500 lbs. at $35 1,600 lbs. at $32

Direct labor 4,800 hrs. at $11 4,500 hrs. at $11.80

Factory overhead Rates per labor hour, based on 100% of the normal capacity of 5,500 labor hrs.:

Variable cost, $2.40 $12,300 variable cost

Fixed cost, $3.50 $19,250 fixed cost

Instructions

1. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance for the designer iPod cases.

2. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance for the designer iPod cases.

3. Determine the variable factory overhead controllable variance, fixed factory overhead volume

variance, and total factory overhead cost variance for the designer iPod cases.

Hawley Inc. manufactures designer iPod cases for national distribution. The standard costs for the manufacture of designer iPod cases were as follows:

Standard Costs Actual Costs

Direct materials 1,500 lbs. at $35 1,600 lbs. at $32

Direct labor 4,800 hrs. at $11 4,500 hrs. at $11.80

Factory overhead Rates per labor hour, based on 100% of normal capacity of 5,500 labor hrs.:

Variable cost, $2.40 $12,300 variable cost

Fixed cost, $3.50 $19,250 fixed cost

Instructions

1. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance for the designer iPod cases.

2. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance for the designer iPod cases.

3. Determine the variable factory overhead controllable variance, fixed factory overhead volume

variance, and total factory overhead cost variance for the designer iPod cases.

Units Costs Beginning work in process (22% complete) 63,900 Direct materials $ 99,000 Conversion cost 175,000 Total cost of beginning work in process $ 274,000 Number of units started 121,500 Number of units completed and transferred to finished goods 161,400 Ending work in process (67% complete) ? Current period costs Direct materials $ 246,700 Conversion cost 332,000 Total current period costs $ 578,700

Required: 1 & 2. Using the weighted-average method of process costing, complete each of the following steps:

a. Reconcile the number of physical units worked on during the period.

b. Calculate the number of equivalent units.

c. Calculate the cost per equivalent unit. (Round cost per Equivalent Unit to 5 decimal places.)

d. Reconcile the total cost of work in process. (Use Cost per Equivalent Unit rounded to 5 decimal places and round your final answers to the nearest whole dollar amount.)

Bennette Corporation has provided the following data concerning its overhead costs for the coming year:

The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year:

The Other activity cost pool does not have a measure of activity; it is used to accumulate costs of idle capacity and organization-sustaining costs.

The distribution of resource consumption across activity cost pools is given below:

The activity rate for the Order Processing activity cost pool is closest to: