State and explain three of the pros and three of the cons of borrowing to finance government spending to stimulate the economy when in recession (200words)
In: Economics
Graphically illustrate the effect of an increase in government purchases. Explain the government spending multiplier effect by using at least 200 words.
In: Economics
In: Economics
Be able to read a graphical presentation of the investment function and explain the effect on real disposable income of an autonomous change in investment spending.
In: Economics
What is the “spending multiplier” and how does it inform the predictions that Keynesian economists assert for improvement in the economy as a result of fiscal policy?
In: Economics
In: Accounting
In: Economics
2) The Central Valley Company is a merchandising firm that sells a single product. The company's revenues and expenses for the last three months are given below:
|
Central Valley Company Comparative Income Statement For the Second Quarter |
|||
|
April |
May |
June |
|
|
Sales in units |
4,500 |
5,250 |
6,000 |
|
Sales Revenue |
$630,000 |
$735,000 |
$840,000 |
|
Less cost of goods sold |
252,000 |
294,000 |
336,000 |
|
Gross Margin |
$378,000 |
$441,000 |
$504,000 |
|
Less operating expense |
|||
|
Shipping expense |
56,000 |
63,500 |
71,000 |
|
Advertising expense |
70,000 |
70,000 |
70,000 |
|
Salary & Commissions |
143,000 |
161,750 |
180,500 |
|
Insurance expense |
9,000 |
9,000 |
9,000 |
|
Depreciation expense |
42,000 |
42,000 |
42,000 |
|
Total expense |
$320,000 |
$346,250 |
$372,500 |
|
Net Income |
$58,000 |
$94,750 |
$131,500 |
Required:
a. Determine which expenses are mixed and, by use of the high-low method, separate each mixed expense into its variable and fixed components. State the cost formula for each mixed expense.
b. Compute the company's total contribution margin for May.
In: Accounting
A botanist measures the sepal widths (in cm) of 150 iris flowers, 50 of type iris setosa, 50 of type iris virginica, and 50 of type iris versicolor. The data is noted below. Of interest is whether sepal width differs, on average, among the three iris types. You may assume that, for each iris type, the sample may be treated as a simple random sample.
a. What are the null and alternative hypotheses?
b. What is the value of the test statistic?
c. What is the approximate p-value?
d. State and verify (using plots or descriptive statistics) the additional two assumptions required for the p-value in c) to be valid.
e.
Sepal Width Class
3.5 Iris-setosa
3 Iris-setosa
3.2 Iris-setosa
3.1 Iris-setosa
3.6 Iris-setosa
3.9 Iris-setosa
3.4 Iris-setosa
3.4 Iris-setosa
2.9 Iris-setosa
3.1 Iris-setosa
3.7 Iris-setosa
3.4 Iris-setosa
3 Iris-setosa
3 Iris-setosa
4 Iris-setosa
4.4 Iris-setosa
3.9 Iris-setosa
3.5 Iris-setosa
3.8 Iris-setosa
3.8 Iris-setosa
3.4 Iris-setosa
3.7 Iris-setosa
3.6 Iris-setosa
3.3 Iris-setosa
3.4 Iris-setosa
3 Iris-setosa
3.4 Iris-setosa
3.5 Iris-setosa
3.4 Iris-setosa
3.2 Iris-setosa
3.1 Iris-setosa
3.4 Iris-setosa
4.1 Iris-setosa
4.2 Iris-setosa
3.1 Iris-setosa
3.2 Iris-setosa
3.5 Iris-setosa
3.1 Iris-setosa
3 Iris-setosa
3.4 Iris-setosa
3.5 Iris-setosa
2.3 Iris-setosa
3.2 Iris-setosa
3.5 Iris-setosa
3.8 Iris-setosa
3 Iris-setosa
3.8 Iris-setosa
3.2 Iris-setosa
3.7 Iris-setosa
3.3 Iris-setosa
3.2 Iris-versicolor
3.2 Iris-versicolor
3.1 Iris-versicolor
2.3 Iris-versicolor
2.8 Iris-versicolor
2.8 Iris-versicolor
3.3 Iris-versicolor
2.4 Iris-versicolor
2.9 Iris-versicolor
2.7 Iris-versicolor
2 Iris-versicolor
3 Iris-versicolor
2.2 Iris-versicolor
2.9 Iris-versicolor
2.9 Iris-versicolor
3.1 Iris-versicolor
3 Iris-versicolor
2.7 Iris-versicolor
2.2 Iris-versicolor
2.5 Iris-versicolor
3.2 Iris-versicolor
2.8 Iris-versicolor
2.5 Iris-versicolor
2.8 Iris-versicolor
2.9 Iris-versicolor
3 Iris-versicolor
2.8 Iris-versicolor
3 Iris-versicolor
2.9 Iris-versicolor
2.6 Iris-versicolor
2.4 Iris-versicolor
2.4 Iris-versicolor
2.7 Iris-versicolor
2.7 Iris-versicolor
3 Iris-versicolor
3.4 Iris-versicolor
3.1 Iris-versicolor
2.3 Iris-versicolor
3 Iris-versicolor
2.5 Iris-versicolor
2.6 Iris-versicolor
3 Iris-versicolor
2.6 Iris-versicolor
2.3 Iris-versicolor
2.7 Iris-versicolor
3 Iris-versicolor
2.9 Iris-versicolor
2.9 Iris-versicolor
2.5 Iris-versicolor
2.8 Iris-versicolor
3.3 Iris-virginica
2.7 Iris-virginica
3 Iris-virginica
2.9 Iris-virginica
3 Iris-virginica
3 Iris-virginica
2.5 Iris-virginica
2.9 Iris-virginica
2.5 Iris-virginica
3.6 Iris-virginica
3.2 Iris-virginica
2.7 Iris-virginica
3 Iris-virginica
2.5 Iris-virginica
2.8 Iris-virginica
3.2 Iris-virginica
3 Iris-virginica
3.8 Iris-virginica
2.6 Iris-virginica
2.2 Iris-virginica
3.2 Iris-virginica
2.8 Iris-virginica
2.8 Iris-virginica
2.7 Iris-virginica
3.3 Iris-virginica
3.2 Iris-virginica
2.8 Iris-virginica
3 Iris-virginica
2.8 Iris-virginica
3 Iris-virginica
2.8 Iris-virginica
3.8 Iris-virginica
2.8 Iris-virginica
2.8 Iris-virginica
2.6 Iris-virginica
3 Iris-virginica
3.4 Iris-virginica
3.1 Iris-virginica
3 Iris-virginica
3.1 Iris-virginica
3.1 Iris-virginica
3.1 Iris-virginica
2.7 Iris-virginica
3.2 Iris-virginica
3.3 Iris-virginica
3 Iris-virginica
2.5 Iris-virginica
3 Iris-virginica
3.4 Iris-virginica
3 Iris-virginica
Using a significance level of = 0.05, state your conclusions in the language of the problem.
In: Statistics and Probability
A botanist measures the sepal widths (in cm) of 150 iris flowers, 50 of type iris setosa, 50 of type iris virginica, and 50 of type iris versicolor. The data is noted below. Of interest is whether sepal width differs, on average, among the three iris types. You may assume that, for each iris type, the sample may be treated as a simple random sample.
a. What are the null and alternative hypotheses?
b. What is the value of the test statistic?
c. What is the approximate p-value?
d. State and verify (using plots or descriptive statistics) the additional two assumptions required for the p-value in c) to be valid.
e. Using a significance level of = 0.05, state your conclusions in the language of the problem.
Sepal Width and Class = 3.5 Iris-setosa 3 Iris-setosa 3.2 Iris-setosa 3.1 Iris-setosa 3.6 Iris-setosa 3.9 Iris-setosa 3.4 Iris-setosa 3.4 Iris-setosa 2.9 Iris-setosa 3.1 Iris-setosa 3.7 Iris-setosa 3.4 Iris-setosa 3 Iris-setosa 3 Iris-setosa 4 Iris-setosa 4.4 Iris-setosa 3.9 Iris-setosa 3.5 Iris-setosa 3.8 Iris-setosa 3.8 Iris-setosa 3.4 Iris-setosa 3.7 Iris-setosa 3.6 Iris-setosa 3.3 Iris-setosa 3.4 Iris-setosa 3 Iris-setosa 3.4 Iris-setosa 3.5 Iris-setosa 3.4 Iris-setosa 3.2 Iris-setosa 3.1 Iris-setosa 3.4 Iris-setosa 4.1 Iris-setosa 4.2 Iris-setosa 3.1 Iris-setosa 3.2 Iris-setosa 3.5 Iris-setosa 3.1 Iris-setosa 3 Iris-setosa 3.4 Iris-setosa 3.5 Iris-setosa 2.3 Iris-setosa 3.2 Iris-setosa 3.5 Iris-setosa 3.8 Iris-setosa 3 Iris-setosa 3.8 Iris-setosa 3.2 Iris-setosa 3.7 Iris-setosa 3.3 Iris-setosa 3.2 Iris-versicolor 3.2 Iris-versicolor 3.1 Iris-versicolor 2.3 Iris-versicolor 2.8 Iris-versicolor 2.8 Iris-versicolor 3.3 Iris-versicolor 2.4 Iris-versicolor 2.9 Iris-versicolor 2.7 Iris-versicolor 2 Iris-versicolor 3 Iris-versicolor 2.2 Iris-versicolor 2.9 Iris-versicolor 2.9 Iris-versicolor 3.1 Iris-versicolor 3 Iris-versicolor 2.7 Iris-versicolor 2.2 Iris-versicolor 2.5 Iris-versicolor 3.2 Iris-versicolor 2.8 Iris-versicolor 2.5 Iris-versicolor 2.8 Iris-versicolor 2.9 Iris-versicolor 3 Iris-versicolor 2.8 Iris-versicolor 3 Iris-versicolor 2.9 Iris-versicolor 2.6 Iris-versicolor 2.4 Iris-versicolor 2.4 Iris-versicolor 2.7 Iris-versicolor 2.7 Iris-versicolor 3 Iris-versicolor 3.4 Iris-versicolor 3.1 Iris-versicolor 2.3 Iris-versicolor 3 Iris-versicolor 2.5 Iris-versicolor 2.6 Iris-versicolor 3 Iris-versicolor 2.6 Iris-versicolor 2.3 Iris-versicolor 2.7 Iris-versicolor 3 Iris-versicolor 2.9 Iris-versicolor 2.9 Iris-versicolor 2.5 Iris-versicolor 2.8 Iris-versicolor 3.3 Iris-virginica 2.7 Iris-virginica 3 Iris-virginica 2.9 Iris-virginica 3 Iris-virginica 3 Iris-virginica 2.5 Iris-virginica 2.9 Iris-virginica 2.5 Iris-virginica 3.6 Iris-virginica 3.2 Iris-virginica 2.7 Iris-virginica 3 Iris-virginica 2.5 Iris-virginica 2.8 Iris-virginica 3.2 Iris-virginica 3 Iris-virginica 3.8 Iris-virginica 2.6 Iris-virginica 2.2 Iris-virginica 3.2 Iris-virginica 2.8 Iris-virginica 2.8 Iris-virginica 2.7 Iris-virginica 3.3 Iris-virginica 3.2 Iris-virginica 2.8 Iris-virginica 3 Iris-virginica 2.8 Iris-virginica 3 Iris-virginica 2.8 Iris-virginica 3.8 Iris-virginica 2.8 Iris-virginica 2.8 Iris-virginica 2.6 Iris-virginica 3 Iris-virginica 3.4 Iris-virginica 3.1 Iris-virginica 3 Iris-virginica 3.1 Iris-virginica 3.1 Iris-virginica 3.1 Iris-virginica 2.7 Iris-virginica 3.2 Iris-virginica 3.3 Iris-virginica 3 Iris-virginica 2.5 Iris-virginica 3 Iris-virginica 3.4 Iris-virginica 3 Iris-virginica
In: Statistics and Probability