(Inflation) Here are some recent data on the U.S. consumer price index:
Year CPI Year CPI Year CPI Year CPI
1988 3 1993 144.5 1998 163.0 2003 184.0
1989 0 1994 148.2 1999 166.6
1990 7 1995 152.4 2000 172.2
1991 2 1996 156.9 2001 176.9
1992 3 1997 160.5 2002 179.9
Compute the inflation rate for each year 1989-2003 and determine which years were years of inflation. In which years did deflation occur? In which years did disinflation occur? Was there hyperinflation in any year?
In: Economics
According to the WHO MONICA Project the mean systolic blood pressure for people in China is 128 mmHg with a standard deviation of 23 mmHg (Kuulasmaa, Hense & Tolonen, 1998). Systolic blood pressure is normally distributed. a.) TRUE or FALSE: The random variable is defined as systolic blood pressure of a person in China. b.) For a sample of size 15, state the mean of the sample mean. c.) For a sample of size 15, state the standard deviation of the sample mean (the "standard error of the mean"). d.) Suppose a sample of size 15 is taken. Find the probability that the sample mean systolic blood pressure is more than 135 mmHg.
In: Statistics and Probability
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b) Suppose there is a group of individuals on which you have individual-level data. Suppose, for those with wages below some level ˜w, a policy is implemented to have them work more. You have in your data hours worked, several individual characteristics, the wages, and year. The policy is implemented in the year 2000, and you have data for the year 1998 and 2002.
What type of estimation strategy would you use to determine the effect of the policy? What is it called? Write the specific regression specification you would use; make sure to explicitly indicate what you would use as control variables.
In: Economics
Assume you invest $2000 on February 1, 1993, $2000 on February 1, 1994, $2000 on February 1, 1995, $2000 on February 1, 1996, $2000 on February 1, 1997, $2000 on February 1, 1998, $0 on February 1, 1999, $0 on February 1, 2000, $0 on February 1, 2001, $0 on February 1, 2002, and $0 on February 1, 2003. What is the value of those investments on February 1, 2003? Assume that any money that is invested will earn an interest rate of 10%, compounded annually.
a. 15,431
b. 22,593
c. 37,062
d. 24,852
e. 49,045
In: Finance
Create a timeline outlining the discovery (or invention) of World's first solar power station opened in France (1969 Energy)
Directions:
What is the Invention or Discovery about?
What category does the Invention fall into? detail (Entertainment, Computers, Household, Transportation, Energy, Other)
When was it invented?
Who Invented It?
What does it do?
What was the purpose for the research that led to the invention or discovery? Why do it?
How did the invention either make life easier or affect the world in a positive or negative way?
In: Physics
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In: Accounting
Jose and Emily work as auditors for the state of Texas. They have been assigned to the audit of the Lone Star School District. There have been some problems with audit documentation for the travel and entertainment reimbursement claims of the manager of the school district. The manager knows about the concerns of Jose and Emily, and he approaches them about the matter. The following Conversations takes place:
Manager: Listen, I've requested the documentation you asked for, but the hotel says it's no longer in its system.
Jose: Don't you have the credit card receipt or credit card statement?
Manager: I paid cash.
Jose: What about a copy of the hotel bill?
Manager: I threw it out.
Emily: That's a problem. We have to document all your travel and entertainment expenses for the city manager's office.
Manager: Well, I can't produce documents that the hotel can't find. What do you want me to do?
Questions: Multiple Choice
The manager seems to be failing in regard to which Pillar of Character?
A. Caring
B. Respect
C. Responsibility
D. Fairness
If Jose and Emily decide to report this incident to the school, they would be operating under which Pillar of Character?
A. Caring
B. Respect
C. Responsibility
D. Fairness
In: Accounting
Listed below are several transactions that took place during the second and third years of operations for RPG Company. Year 2 Year 3 Amounts billed to customers for services rendered $ 370,000 $ 470,000 Cash collected from credit customers 280,000 420,000 Cash disbursements: Payment of rent 82,000 0 Salaries paid to employees for services rendered during the year 142,000 162,000 Travel and entertainment 32,000 42,000 Advertising 16,000 37,000 In addition, you learn that the company incurred advertising costs of $27,000 in year 2, owed the advertising agency $5,200 at the end of year 1, and there were no liabilities at the end of year 3. Also, there were no anticipated bad debts on receivables, and the rent payment was for a two-year period, year 2 and year 3. Required: 1. Calculate accrual net income for both years. 2. Determine the amount due the advertising agency that would be shown as a liability on RPG’s balance sheet at the end of year 2. Calculate accrual net income for both years. Question 1 Year 2 Year 3 Revenues Expenses: Rent Salaries Travel and entertainment Advertising Net income Question 2 Determine the amount due the advertising agency that would be shown as a liability on RPG’s balance sheet at the end of year 2.
In: Accounting
8. The Smart CPA firm held an End of Tax Season party. The company expected attendance of 75 people and prepared the following budget:
Hotel room rental $600
Food 1,000
Entertainment 750
Decorations 250
Total Costs $2,600
Seventy five people attended the party. The following costs were incurred:
Hotel room rental $600
Food 1,150
Entertainment 750
Decorations 350
Total Costs $2,850
What is the variance for total costs?
A) $300 Unfavorable
B) $300 Favorable
C) $250 Favorable
D) $250 Unfavorable
9. The various stages through which a product passes are called
the ________.
A) product life cycle
B) value chain
C) performance plan
D) product performance plan
10. Research and development is the function of a value chain
that involves ________.
A) the detailed design and engineering of products, services or
processes
B) the generation of ideas related to new products only
C) the generation of ideas related to new products, services or
processes
D) the detailed design and engineering of new processes
11. Which of the following is a major factor causing changes in
management accounting today?
A) additional value chain functions
B) small advances in technology
C) increased global competition
D) shift to manufacturing-based economy
In: Accounting
Problem 17-47 (LO. 5)
The following information for 2019 relates to Sparrow Corporation, a calendar year, accrual method taxpayer:
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a. Regarding items that would be added back on the M–1 schedule, label either "Yes" (it would be added back to net income per books) or "No" (it would not be).
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b. Sparrow's taxable income for 2019 is $.
c. Prepare Schedule M–1 for 2019.
Enter all amounts as positive numbers. If an amount is zero, enter "0".
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In: Accounting