1. A researcher wishes to examine the relationship between wage earned and educational level of workers. For a sample of 4000 workers she has data on hourly earnings (measured in SAR), age of the worker (in years), worker’s gender, years of experience, number of years with the present employer, size of the firm in which the worker is employed, and highest educational qualification (with 4 classifications: no qualification, secondary school certificate, bachelor degree or PhD)

1. Explain how you would set up a model to address the researcher’s key interest.
2. Based on your model, how would you estimate the predicted impact on wages of holding a PhD compared to having a bachelor’s degree.
3. If the researcher uses ln(wage) as the dependent variable, how would the estimated coefficients be interpreted?
4. What general advice would you give the researcher in relation to her work – eg. what econometric issues should she be aware of in conducting this research and interpreting the results?

What is meant by accrediation and how is it earned? Provide any instances when an accredited health care organization lost it's accreditation.

Find the interest rates earned on each of the following. Round your answers to the nearest whole number.

1. You borrow $720 and promise to pay back $792 at the end of 1 year.

     %

2. You lend $720 and the borrower promises to pay you $792 at the end of 1 year.

     %

3. You borrow $58,000 and promise to pay back $116,659 at the end of 5 years.

     %

4. You borrow $12,000 and promise to make payments of $2,771.70 at the end of each year for 5 years.

     %

1.

If the cost of investment is $1,500. The revenue earned during the next 6 years was $100, $200, $300, $400, $500 and $600. Calculate the payback period?
(a)
5
(b)
5.5
(c)
4.5
(d)
5.01

2.

The effect of increase in volatility of price of stock on value of ‘option’ (keeping other factors constant)?
(a)
Decrease in value of option.
(b)
Indeterminate from given information.
(c)
No effect.
(d)
Increase in value of option.

1. Imani earned grades of 95, 87, and 83 on the first 3 Test in the class. Each of these Test is worth 20 percent of the total grade in the class and the Final Test is worth 40 percent of the class grade (there is no “extra credit” possible and these are the only graded assignments in the class). What grade must Imani earn on the final Test to achieve a final course average of 93 (which will guarantee that she gets a letter grade of A in the class)?

2. Alex and Sam also build tables. Together they make 34 tables in 12 days. Alex working alone can make 46 tables in 30 days. How many days would it take Sam working alone to make 46 tables? (Record your answer in days rounded to one decimal place. For example, if the answer you find is 4.2835 days, record 4.3).

3. 4 – 4x – y = 12 / 8x + 7y + 11 = 35 . Solve for y. Solve for x.

4. In 2019, Strydo, Inc. (a retail clothing company) sold 482,000 units of its product at an average price of $37.50 per unit. The company reported estimated returns and allowances in 2019 of 1.4 percent of gross revenue. Strydo actually purchased 512,400 units of its product from its manufacturer in 2019 at an average cost of $20.00 per unit. Strydo began 2019 with 10,250 units of its product in inventory (carried at an average cost of $20.00 per unit). Operating expenses (excluding depreciation) for Strydo, Inc. in5 2019 were $3,526,000 and depreciation expense was $950,000. Strydo had $44,000,000 in debt outstanding throughout all of 2019. This debt carried an average interest rate of 5.5 percent. Finally, Strydo’s tax rate was 25 percent. Strydo's fiscal year runs from January 1 through December 31. Given this information, compute net income for Strydo, Inc. for 2019.

5. Referring back to the previous problem, compute Strydo’s ending inventory balance for 2019 (that is, what did Strydo report as inventory on its December 31, 2019 balance sheet).

Meagan invests $1,200 each year in an IRA for 12 years in an account that earned 5% compounded annually. At the end of 12 years, she stopped making payments to the account, but continued to invest her accumulated amount at 5% compounded annualy for the next 11 years.

a.) What was the value of the IRA at the end of 12 years?

b.) What was the value of the investment at the end of the next 11 years?

How much interest will be earned in the second year on an investment paying 7% interest, compounded annually, if $350 was just credited to the account for interest at the end of year 1?

a. $374.50

b. $325.50

c. $350.00

d. $5,724.50

1. Revenues and expenses must be recorded in the accounting period in which they were earned or incurred, no matter when cash receipts or outlays occur under which of the following accounting methods?

a. accrual basis accounting

b. cash basis accounting

c. tax basis accounting

d. revenue basis accounting

2. Which type of adjustment occurs when cash is not collected or paid, but the related income or expense is reportable in the current period?

a. accrual

b. deferral

c. estimate

d. cull

3. Rent collected in advance is an example of which of the following?

a. deferred revenue (unearned revenue)

b. accrued expense

c. accrued revenue

d. deferred expense (prepaid expense)

4. Rent paid in advance is an example of which of the following?

a. deferred expense (prepaid expense)

b. accrued expense

c. accrued revenue

d. deferred revenue (unearned revenue)