What do you believe is contributing to the lower life expectancy in the US compared to other similar countries? Does increased healthcare spending translate to better health outcomes, why or why not?

1. Explain why many schools look like they make no profit on sports. In fact why is it consistently 0?

2. What is a multiplier? With respect to government spending, what is crowding out?

Explain the benefits of using health care expenditures as a percentage of a nation’s gross domestic product over per capita health care expenditures in comparing health care spending across nations.

What are the main arguments made by opponents of government “stimulus” spending? How does Wolfson address each of these points?

How is this question especially relevant in spring 2020?

Soputan Design produces and sells two types of office desk: Standard and Exclusive desk. The budgeted direct costs for each of the product in 2019 are as follows:

Information regarding the direct materials for March 2019 is available below.

Information regarding the unit cost of direct costs for February and March 2019 are as follows:

It should be noted that manufacturing overhead (both fixed and variable) is allocated to each product base on budgeted direct manufacturing labour‐hours per product. The budgeted variable manufacturing overhead rate for March 2019 is $35 per direct manufacturing labour‐hour. The budgeted fixed manufacturing overhead for March 2019 is $42 500. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods. The following data is related to finished goods inventory for March 2019:

Budgeted sales for March 2019 are 740 units of the standard and 390 units of the Exclusive. The budgeted selling prices per unit in March 2019 are $1,020 for the standard desk and $1,600 for the exclusive desk. Assume that the following in your answer:

There is no work‐in‐process inventory at the end of each month.

Direct materials inventory and finished goods inventory uses the First In First Out method (the first

in cost per unit of the material is firstly charged into production) to determine the production cost.

Unit costs of direct materials purchased and finished goods are constant in March 2019.

Prepare the following budgets for March 2019 in tabular format (show all workings):

Marks

1 Sales budget 10

2 Production budget. 10

3 Direct materials usage budget in units and dollars 20

4 Direct manufacturing labour budget 10

5 Manufacturing overhead budget, and Manufacturing overhead rate per hour 20

6 Calculate ending inventory budget of Finished goods. 20

7 Cost of goods sold budget 10

can you please post Answers for Q5-7 please and thankyou

1) What is the correct order in which the following budget schedules are prepared? Direct materials purchases Production Direct labor Sales Manufacturing overhead (5pts)

a. 2,1,5,3,4

b. 4,2,1,3,5

c. 2,3,1,4,5 d.

4,1,5,3,2

e. None of the answer choices is correct.

2) Garibaldi Inc. collects 40% of its sales in the month of sale and the other 60% in the following month. The following shows budgeted sales for October through December.

October $3,900,000

November $4,350,000

December $4,725,000

What is the amount of cash receipts budgeted for November? (5pts)

a. $4,080,000

b. $1,740,000

c. $2,340,000

d. $2,835,000

None of the answer choices is correct.

3) Miller Inc. had the following sales during 2016:

Quarter 1 10,000 units

Quarter 2 11,000 units

Quarter 3 14,000 units

Quarter 4 12,000 units

Miller expects sales in each quarter of 2013 to be 10% more than the respective quarters for 2016. If each unit sells for $110, what amounts will appear as sales revenue in the quarterly sales budgets for 2013? (5pts)

a. $990,000; $1,089,000; $1,386,000; $1,188,000

b. $1,100,000; $1,210,000; $1,540,000; $1,320,000

c. $1,421,750; $1,421,750; $1,421,750; $1,421,750

d. $1,210,000; $1,331,000; $1,694,000; $1,452,000

e. None of the answer choices is correct.

4) Which of the following best describes a master budget? (5pts)

a. An estimate of cash expenditures for long-term assets.

b. An estimate of all operating costs other than production.

c. A long-term budget that focuses on the daily operations of the organization.

d. A series of budget schedules outlining the organization's plans for the upcoming period.

e. None of the answer choices is correct.

8)Which of the following remains the same when comparing a flexible budget to a master budget?(5pts)

a. Total sales.

b. Net income.

c. Total variable costs.

d. Total fixed costs.

e. None of the answer choices is correct.

Birth Date and Canadian Ice Hockey

In his book Outliers: The Story of Success (2008), Malcolm Gladwell speculates that Canadian ice hockey players that are born early in the year have an advantage. This is because the birthdate cutoff for different levels of youth hockey leagues in Canada is January 1st, so youth hockey players who are born in January and February are slightly older than teammates born later in the year. Does this slight age advantage in the beginning lead to success later on? A 2010 study¹ examined the birthdate distribution of players in the Ontario Hockey League (OHL), a high-level and selective Canadian hockey league (ages 15-20), for the 2008–2009 season. The number of OHL players born during the 1st quarter (Jan–Mar), 2nd quarter (Apr–Jun), 3rd quarter (Jul–Sep), and 4th quarter (Oct–Dec) of the year is shown in the table below. The overall percentage of live births in Canada (year 1989) are also provided for each quarter. Is this evidence that the birthdate distribution for OHL players differs significantly from the national proportions? Calculate the chi-square statistic, find the p-value, and state the conclusion in context.

Table 1 Birthdates nationally in Canada and for elite hockey players
¹Nolan, J. and Howell, G., "Hockey success and birth date: The relative age effect revisited," International Review of Sociology of Sport, 2010; 45(4): 507–512.

Calculate the chi-square test statistic and the p-value.

Round your answer for the chi-square statistic to two decimal places, and your answer for the p-value to three decimal places.

χ2= __________________________

p-value = ______________________

Is there evidence that the birthdate distribution for OHL players differs significantly from the national proportions?

Yes or No?

2. The Delta company uses a periodic inventory system. The beginning balance of inventory and purchases made by the company during the month of July, 2018 are given below: (1.5 pt)

• July 01: Beginning inventory, 500 units @ $20 per unit.
• July 18: Inventory purchased, 800 units @ $24 per unit.
• July 25: Inventory purchased, 700 units @ $26 per unit.
• July 29: Inventory purchased, 400 units @$25 per unit.

Ending Inventory on July 30, 2018 were 500 units.

1. Calculate the number of units sold during July 2018
2. Compute the Cost of goods sold in July using the following inventory costing methods:
   1. First in, first out (FIFO) method
   2. Last in, first out (LIFO) method
   3. Average Cost method.
3. Compute the cost of the Ending Inventory of July, 2018 using the Average Cost method