1- Why is government spending an important factor in economic stability?

2- Create an excel document that shows the year and cars you have bought in the past. For example:

2012 - Honda Civic

Have you ever considered how frequently you buy cars? From this example, what is the average number of years (months) I take to replace a car? Any other interesting trend you see here?

Any other example where you could use Excel for?

Your grandparents put $12,000 into an account so that you would have spending money in college. You put the money into an account that will earn 4.55 percent compounded monthly. If you expect that you will be in college for 4 years, how much can you withdraw each month?

You are a sole practitioner of a public accounting firm you started after spending five years with a Big Four accounting firm. You’ve been enjoying steady growth the entire time, to the point that you’re considering hiring a CPA to help with the business you’re gaining. You used to provide a range of accountancy services for Bremerton Hardware, a small company that owns and operates a hardware store in the town where you practice. Much to your surprise Bremerton Hardware solicited bids from other public accounting firms and chose to switch to a different practice for its accounting needs. You believe that you were unsuccessful in the proposal and selection process on the basis of cost alone, as Bremerton Hardware is not very profitable, and suffers from the competition of another hardware business in a neighboring town, Byer’s Hardware. Both you and the other accounting firm Bremerton Hardware has now employed have been asked to propose a fee schedule for a due diligence evaluation for the possible purchase of Byer’s Hardware.

In addition, you are providing continuity for another local sole practitioner in your town. Two months ago he suffered a heart attack, and so you are currently acting for a number of his clients. He is not expected to resume practicing for another three months. Your formal agreement is in effect the entire period.

One of the client businesses of the incapacitated practitioner, Speedy Electric, operates a shop selling electrical appliances. The director and majority shareholder of Speedy Electric has called you to arrange a meeting to discuss a business venture that she is considering. At the meeting, the client explains that she intends to make an offer to purchase Byer’s Hardware, the same small hardware business that Bremerton Hardware is seeking to acquire. She is aware that there is another bidder for the business, but is unaware that it is Bremerton Hardware, or that Bremerton Hardware used to be your client.

When the meeting is over, you start to feel uneasy. You want to help Speedy Electric and provide an important service on behalf of the practitioner for whom you are the continuity provider. But you realize that you are also in possession of confidential information concerning the plans of your previous client, Bremerton Hardware.

What are three ethical accounting issues presented in this case?

1. Questions 16-23

   
   A multiple linear regression was used to study how family spending ( y) is influenced by income ( x ₁), family size ( x ₂), and additions to savings ( x₃). The variables y, x ₁, and x ₃ are measured in thousands of dollars per year. The following results were obtained.
   

   ANOVA
   	DF	SS
   Regression		42.450
   Residual	11	2.141
   Total

   	Coefficients	Standard Error
   Intercept	0.012
   x 1	0.742	0.071
   x 2	0.201	0.186
   x 3	-0.540	0.890

     
   16.  What was the number of families used in this study?

   	a.	15
   	b.	11
   	c.	14
   	d.	12
   	e.	None of the above

2 points   

QUESTION 17

1. Q17:  The value of the F statistic for testing the overall significance of the regression model is

   	a.	9.75
   	b.	72.70
   	c.	50.40
   	d.	42.45
   	e.	None of the above

2 points   

QUESTION 18

1. Q18:  The p-value for testing the overall significance of the regression model is

   	a.	Less than 0.01
   	b.	Between 0.01 and 0.025
   	c.	Between 0.025 and 0.05
   	d.	More than 0.05
   	e.	None of the above

2 points   

QUESTION 19

1. Q19:  The percent of variations in family spending explained by family income, size and additions to savings is

   	a.	95.2%
   	b.	90.3%
   	c.	85.2%
   	d.	85.9%
   	e.	None of the above

2 points   

QUESTION 20

1. Q20:  At 5% significance level, the conclusion is that the

   	a.	Model is insignificant
   	b.	Model is significant
   	c.	X1 is insignificant
   	d.	X3 is significant
   	e.	None of the above

2 points   

QUESTION 21

1. Q21:  The value of the t statistic for testing whether the family spending and addition to savings are related is

   	a.	1.27
   	b.	-0.59
   	c.	-0.69
   	d.	-0.61
   	e.	None of the above

2 points   

QUESTION 22

1. Q22:  The (positive) critical t value for testing whether the family spending and addition to saving are related at a 5% significance level is

   	a.	0.846
   	b.	2.145
   	c.	1.796
   	d.	2.201
   	e.	None of the above

2 points   

QUESTION 23

1. Q23: The 95% confidence interval for the parameter β ₃ extends from

   	a.	1.328 to 3.372
   	b.	-0.649 to 1.651
   	c.	-2.449 to 1.369
   	d.	-2.499 to 1.419
   	e.	None of the above

Answer all questions

Using the Spending Approach, determine whether each of the following is Consumption, Investment, Government Purchases, Net Exports, or not included in GDP, and briefly explain why.

(a) A yoga studio purchases new yoga mats and straps.

(b) An individual purchases a new yoga mat and straps for their home practice.

(c) Someone receives a stimulus check from the government in the mail during COVID-19.

(d) A public high school purchases new textbooks for its students.

(e) A campus bookstore increases its inventory of textbooks.

(f) Your parents purchase their dream home, newly built by a local contractor.

(g)Your parents buy a vacation home from a friend who had owned that home for years.

(h)You order falafel from a Turkish food stand, here in the US.

A student used multiple regression analysis to study how family spending (y) is influenced by income (x1), family size (x2), and additionsto savings(x3). The variables y, x1, and x3 are measured in thousands of dollars. The following results were obtained. ANOVA df SS Regression 3 45.9634 Residual 11 2.6218 Total Coefficients Standard Error Intercept 0.0136 x1 0.7992 0.074 x2 0.2280 0.190 x3 -0.5796 0.920

a. Write out the estimated regression equation for the relationship between the variables. (1 mark)

b. Compute coefficient of determination. What can you say about the strength of this relationship?

c. Carry out a test to determine whether y is significantly related to the independent variables. Use a 5% level of significance.

d. Carry out a test to see if x3 and y are significantly related. Use a 5% level of significance.

QUESTION 4

1. During recessions which type of spending falls?

   	a.	consumption and investment
   	b.	investment but not consumption
   	c.	consumption but not investment
   	d.	neither consumption nor investment

QUESTION 22

1. Which of the following shifts aggregate demand to the right?

   	a.	Congress reduces purchases of new weapons systems.
   	b.	The Fed buys bonds in the open market.
   	c.	The price level falls.
   	d.	Net exports fall.

QUESTION 25

1. Aggregate demand shifts right when the government

   	a.	raises personal income taxes.
   	b.	increases the money supply.
   	c.	repeals an investment tax credit.
   	d.	All of the above are correct.

QUESTION 46

1. The Stock Market Boom of 2015
   Imagine that in 2015 the economy is in long-run equilibrium. Then stock prices rise more than expected and stay high for some time.
   
   Refer to Stock Market Boom 2015. Which curve shifts and in which direction?

   	a.	aggregate demand shifts right
   	b.	aggregate demand shifts left
   	c.	aggregate supply shifts right
   	d.	aggregate supply shifts left.

QUESTION 47

1. The Stock Market Boom of 2015
   Imagine that in 2015 the economy is in long-run equilibrium. Then stock prices rise more than expected and stay high for some time.
   
   Refer to Stock Market Boom 2015. In the short run what happens to the price level and real GDP?

   	a.	both the price level and real GDP rise.
   	b.	both the price level and real GDP fall.
   	c.	the price level falls and real GDP rises.
   	d.	the price level rises and real GDP falls.

QUESTION 48

The Stock Market Boom of 2015
Imagine that in 2015 the economy is in long-run equilibrium. Then stock prices rise more than expected and stay high for some time.

Refer to Stock Market Boom 2015. What happens to the expected price level and what impact does this have on wage bargaining?

QUESTION 35

1. Other things the same, if workers and firms expected inflation to be 2%, but it is only 1% then

   	a.	employment and production rise.
   	b.	employment and production fall.
   	c.	employment falls and production rises.
   	d.	employment rises and production falls.

QUESTION 41

1. If the government provides an investment tax credit and increases income taxes,

   	a.	real GDP rises, and the price level could rise, fall, or stay the same.
   	b.	real GDP falls, and the price level could rise, fall, or stay the same.
   	c.	the price level rises and real GDP could rise, fall or stay the same
   	d.	None of the above are necessarily correct.

Expansionary Fiscal Policy relies on changes in tax collections and government spending to achieve a non-inflationary level of employment. Given this definition what actions and projected consequences did President Obama enact to realize this goal. Include in your discussion economic conditions that existed prior to the 2008 election, i.e. the mortgage/real estate crisis, employment & unemployment, provisions President Obama used to offset the economic conditions, projected benefits vs projected detriments to the economy. Be sure to include your conclusion on whether you believe that President Obama was correct or not. Can you please answer this question specifically? Thank you

After spending a year and ​$50,000​, you finally have the design of your new product ready. In order to start​ production, you will need ​$30,000 in raw materials and you will also need to use some existing equipment that​ you've fully​ depreciated, but which has a market value of ​$100,000. Your colleague notes that the new product could represent 10​% of the​ company's overall sales and that 10​% of overhead is ​$60,000. Your tax rate is 40​%. As you start your analysis of the​ product, what should be your initial incremental free cash​ flow?

Sales managers may learn a lot about their organization and salespeople simply by spending time observing activities in the office or in the field and talking with the people involved. To maximize their own learning while simultaneously providing leadership, which power bases would be especially important? Please discuss it. Try and limit your comments to 75 words