QUESTION 1 (1,500 pts)
Consider an economy that produces and consumes breads and automobiles. In the following table are data for two different years.
|
Good |
2000 |
2010 |
||
|
Quantity |
Price |
Quantity |
Price |
|
|
Automobiles |
100 |
$50,000 |
120 |
$60,000 |
|
Breads |
500,000 |
$10 |
400,000 |
$20 |
In: Economics
Penalty Shots in World Cup Soccer A study1 of 138 penalty shots in World Cup Finals games between 1982 and 1994 found that the goalkeeper correctly guessed the direction of the kick only of the time. The article notes that this is ‘‘slightly worse than random chance.” We use these data as a sample of all World Cup penalty shots ever. Test at a significance level to see whether there is evidence that the percent guessed correctly is less than . The sample size is large enough to use the normal distribution. The standard error from a randomization distribution under the null hypothesis is . 1St.John, A., ‘‘Physics of a World Cup Penalty-Kick Shootout - 2010 World Cup Penalty Kicks,” Popular Mechanics, June 14, 2010.
State the null and alternative hypotheses. Your answer should be an expression composed of symbols: =,≠,<,>,μ,μ1,μ2,p,p1,p2,0.5,ρ,p^,p^1,p^2,r.
H0: vs Ha
In: Statistics and Probability
Consider two options for controlling global carbon emissions.
Option A. For every year t, every country must meet the same target for emissions per capita, based on their population in 2010. That is the restriction is Ei(t)/Pi ≤ B, where Ei(t) is total carbon emissions from country i in the year t, Pi is their 2010 population, and B is some number that is the same for all countries.
Option B. Each year t, every country must meet the same target for emissions per unit of GDP, based on their GDP (converted to a common currency) in that year. That is the restriction is Ei(t)/GDPi(t) ≤ K, where Ei(t) is total carbon emissions from country i in the year t, GDPi(t) is that country's current GDP in year t, and K is some number that is the same for all countries.
Discuss the strengths and weaknesses of these policies. Which policy do you think is better and why?
In: Economics
Use the table below to answer the following questions.
Which country had the highest level of per capita GDP in 2015?
Artinia
Plazi
Boliv
Ghala
Chi
Which country had the highest rate of growth in per capita GDP from 2010 to 2015?
Ghala
Boliv
Plazi
Artinia
Chi
Does per capita GDP in these countries appear to be converging?
Yes, the countries with the lowest levels of per capita GDP have the highest rates of growth.
Yes, the countries with the highest levels of per capita GDP have the highest rates of growth.
No, the countries with the highest levels of per capita GDP have the lowest rates of growth.
No, the countries with the lowest levels of GDP per capita have the lowest rates of growth.
| Country | GDP per capita 2010($) | GDP per capita 2015($) |
| Boliv | 3,664 | 4,592 |
| Chi | 4,102 | 7,519 |
| Ghala | 2,007 | 2,615 |
| Artinia | 10,860 | 15,854 |
| Plazi | 8,603 | 11,239 |
In: Economics
Analyze new monetary policy actions undertaken by the U.S. government from 2000 - 2010 by describing their intended effects, using macroeconomic principles to explain the actions.
•You should specifically state what the intent of the actions were - for instance, the Fed may have used expansionary policy to help expand the economy in response to a recession. Such policies could have been buying up government bonds - this puts money into the economy since the Fed is buying these bonds from a bank and then the bank can use that money in the economy. This open-market operation increases the money supply.
Then, use our macroeconomic principles and models (like the Supply and Demand of Money model, AD-AS model to show the impact of interest rates on equilibrium GDP, Phillips Curve, etc.) to explain why the action would lead to the outcome desired by the government.
please relate the answer to 2000-2010 and please add a reference, thank you so much!
In: Economics
According to a census bureau, 12.5% of the population in a certain country changed addresses from 2008 to 2009. In 2010, 14 out of a random sample of 200 citizens of this country said they changed addresses during the previous year (in 2009). Complete parts a through c below. a. Construct a 99% confidence interval to estimate the actual proportion of people who changed addresses from 2009 to 2010. A 99% confidence interval to estimate the actual proportion has a lower limit of nothing and an upper limit of nothing. (Round to three decimal places as needed.) b. What is the margin of error for this sample? The margin of error is nothing. (Round to three decimal places as needed.) c. Is there any evidence that this proportion has changed since 2009 based on this sample? Because the confidence interval found in part a ▼ includes does not include the reported proportion from 2009, this sample ▼ does not provide provides evidence that this proportion has changed since then.
In: Statistics and Probability
trial balance of pioneer corp. on July 1, 2010 is:
account -------------------debit ---------------credit
cash............................ $26,000
accounts receivable...... $4,500
accounts payable........................................$2,000
common stock.............................................$10,000
retained earnings.........................................$18,500
total...............................$30,500 .................$30,500
transactions during august 2010
a.loan of $45,000 from chasebank in note form
b.bought land for $40,000 cash
c. received $5,000 for services performed for customer
d. bought $300 supplies on credit
e. paid $1000 on account
f. paid salary expenses of $3000
g.received $3000 on account
h. declared dividend of $1,800
i. paid the $1,800 dividend declared in ( h. )
Post to the general ledger (a - i)
please do the following T-accounts, calculate the total only if its a permanent account.
cash, accounts receivable, supplies, land, accounts payable, notes payable, dividends payable, retained earnings, dividends, revenue, salary expense, common stock.
In: Accounting
Topeka Corporation uses special strapping equipment in its packaging business. The equipment was purchased at the beginning of 2010 for $800,000 and had an estimated useful life of 8 years with no salvage value. Topeka uses the straight-line depreciation method.
At the end of 2010, new technology was introduced that would accelerate the obsolescence of the equipment. Topeka’s controller gathered the following information:
|
Expected future cash flows |
$710,000 |
|
Value in use |
$675,000 |
|
Fair value |
$670,000 |
|
Selling costs |
$20,000 |
14. Assume Topeka will continue to use the equipment and that it tests the asset for impairment under IFRS. Based on this test, which of the following statements is MOST correct?
|
There is no impairment. |
||
|
There is an impairment loss in the amount of $25,000 |
||
|
There is an impairment loss in the amount of $35,000 |
15. Assume Topeka will continue to use the equipment and that it tests the asset for impairment under GAAP. Based on this test, which of the following statements is MOST correct?
|
There is no impairment. |
||
|
There is an impairment loss in the amount of $25,000 |
||
|
There is an impairment loss in the amount of $35,000 |
In: Finance
How do you find the key that has the most vlaues in it in a dict() useing python?
Example:
{'Zombies Take the Schoolyard': ['Beavers, Kim', 'Frank, Jordan', 'Goodman, Branden', 'Rivera, David', 'Stettler, Sarah'], 'Zompyres: Texas': ['Beck, Stefan', 'Bourland, Cory', 'Burnett, Chase', 'Dumas, Laura', 'Funderburk, Katie'], "2012 Dick's Oddity": ['Attix, Cathy', 'Belville, Bonnie', 'Graciela, Maritza', 'Jakus, Julia', 'Swarts, Nick'], 'CC 2010': ['Coulston, Sabrina'], 'December 21, 2012': ['Faust, Ricky', 'Keep, Tracey', 'Kehayas, Heather', 'Kimball, Elizabeth', 'Walkow, Brett'], 'Venjaxor: 2012!': ['Hueffmeier, Keith', 'Parmentier, Bill', 'Severson, Robert', 'Stroup, Kevin', 'Warner, Ron'], 'Steel of Fire Warriors 2010 A.D.': ['Clarke, Kevin', 'Furback, Jaqi', 'Sheen, Derek', 'Straw, Owen', 'Vogt, Travis']}
With these movies how do I find the the one that had the most actors in it.
Thanks for the help.
In: Computer Science
The City of Castleton’s General Fund had the following post-closing trial balance at June 30, 2019, the end of its fiscal year:
|
Debits |
Credits |
||||||
|
Cash |
$ |
418,000 |
|||||
|
Taxes Receivable—Delinquent |
590,000 |
||||||
|
Allowance for Uncollectible Delinquent Taxes |
$ |
196,000 |
|||||
|
Interest and Penalties Receivable |
26,980 |
||||||
|
Allowance for Uncollectible Interest and Penalties |
11,860 |
||||||
|
Inventory of Supplies |
16,800 |
||||||
|
Vouchers Payable |
155,500 |
||||||
|
Due to Federal Government |
66,490 |
||||||
|
Deferred Inflows of Resources—Unavailable Revenues |
402,000 |
||||||
|
Fund Balance—Nonspendable—Inventory of Supplies |
16,800 |
||||||
|
Fund Balance—Unassigned |
203,130 |
||||||
|
$ |
1,051,780 |
$ |
1,051,780 |
||||
Record the effect of the following transactions on the General Fund and governmental activities for the year ended June 30, 2020.
|
Transaction |
Fund / Governmental Activties |
General Journal |
Debit |
Credit |
|
1. The budget for FY 2020 provided for General Fund estimated revenues totaling $3,280,000 and appropriations totaling $3,233,000. |
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|
1 |
General Fund |
|||
|
Governmental Activities |
||||
|
2. The city council authorized temporary borrowing of $570,000 in the form of a 120-day tax anticipation note. The loan was obtained from a local bank at a discount of 5 percent per annum (debit Expenditures for the discount in the General Fund journal and Expenses—General Government in the governmental activities journal). |
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|
2 |
General Fund |
|||
|
Governmental Activities |
||||
|
3. The property tax levy for FY 2020 was recorded. Net assessed valuation of taxable property for the year was $41,000,000, and the tax rate was $6 per $100. It was estimated that 3 percent of the levy would be uncollectible. |
||||
|
3 |
General Fund |
|||
|
Governmental Activities |
||||
|
4. Purchase orders and contracts were issued to vendors and others in the amount of $2,130,000. |
||||
|
4 |
General Fund |
|||
|
Governmental Activities |
||||
|
5. $2,150,000 of current taxes, $390,270 of delinquent taxes, and $21,270 of interest and penalties were collected. The delinquent taxes and associated interest and penalties were collected more than 60 days after the prior year-end. |
||||
|
Record the $2,150,000 of current taxes, $390,270 of delinquent taxes, and $21,270 of interest and penalties collected. |
||||
|
5a |
General Fund |
|||
|
5b |
Record the delinquent taxes and associated interest and penalties collected more than 60 days after the prior year-end. |
|||
|
5c |
Governmental Activities |
Record the $2,150,000 of current taxes, $390,270 of delinquent taxes, and $21,270 of interest and penalties collected. |
||
|
5d |
Record the delinquent taxes and associated interest and penalties collected more than 60 days after the prior year-end. |
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|
6. Additional interest and penalties on delinquent taxes were accrued in the amount of $39,130, of which 30 percent was estimated to be uncollectible. |
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|
6 |
General Fund |
|||
|
Governmental Activities |
||||
|
7. Because of a change in state law, the city was notified that it will receive $94,000 less in intergovernmental revenues than was budgeted. |
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|
7 |
General Fund |
|||
|
Governmental Activities |
||||
|
8. Delinquent taxes of $13,003 were deemed uncollectible and written off. The associated interest and penalties of $968 also were written off. |
||||
|
8 |
General Fund |
|||
|
Governmental Activities |
||||
|
9. Total payroll during the year was $889,490. Of that amount, $69,690 was withheld for employees’ FICA tax liability, $110,710 for employees’ federal income tax liability, and $35,100 for state taxes; the balance was paid to employees in cash. |
||||
|
9 |
General Fund |
|||
|
Governmental Activities |
||||
|
10. The employer’s FICA tax liability was recorded for $69,690. |
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|
10 |
General Fund |
|||
|
Governmental Activities |
||||
|
11. Revenues from sources other than taxes were collected in the amount of $954,000. |
||||
|
11 |
General Fund |
|||
|
Governmental Activities |
||||
|
12. Amounts due the federal government as of June 30, 2020, and amounts due for FICA taxes and state and federal withholding taxes during the year were vouchered. |
||||
|
12 |
General Fund |
|||
|
Governmental Activities |
||||
|
13. Purchase orders and contracts encumbered in the amount of $2,058,040 were filled at a net cost of $2,057,570, which was vouchered. |
||||
|
13a |
General Fund |
Record the encumbrances outstanding for 2020. |
||
|
13b |
Record the total expenditures against vouchers payable for 2020. |
|||
|
13c |
Governmental Activities |
Record the total expenses against vouchers payable for 2020. |
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|
14. Vouchers payable totaling $2,371,660 were paid after deducting a credit for purchases discount of $8,730 (credit Expenditures). |
||||
|
14 |
General Fund |
|||
|
Governmental Activities |
||||
|
15. The tax anticipation note of $570,000 was repaid. |
||||
|
15 |
General Fund |
|||
|
Governmental Activities |
||||
|
16. All unpaid current year’s property taxes became delinquent. The balances of the current taxes receivables and related uncollectibles were transferred to delinquent accounts. The City uses the 60-day rule for all revenues and does not expect to collect any delinquent property taxes or interest and penalties in the first 60 days of the next fiscal year. |
||||
|
16a |
General Fund |
Record the delinquent amount of unpaid property taxes. |
||
|
16b |
Record the adjustment for the delinquent amount of tax against the allowance. |
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|
16c |
Record the deferred inflow of resource |
|||
|
16d |
Governmental Activities |
Record the delinquent amount of unpaid property taxes. |
||
|
16e |
Record the adjustment for the delinquent amount of tax against the allowance. |
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|
16f |
Record the deferred inflow of resource |
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|
17. A physical inventory of materials and supplies at June 30, 2020, showed a total of $20,500. Inventory is recorded using the purchases method in the General Fund; the consumption method is used at the government-wide level. (Note: A periodic inventory system is used both in the General Fund and at the government-wide level. When inventory was purchased during the year, Expenditures were debited in the General Fund journal and Inventory of Supplies was debited in the governmental activities journal. Recorded entry to reclassify the fund balance.) |
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|
17 |
General Fund |
|||
|
Governmental Activities |
||||
In: Accounting