Consider an economy with the following components of aggregate expenditure:

Consumption function: C=20 + 0.8YD

Investment function: I = 30

Government expenditures: G = 8

Export function: X= 4

Import function: M=2 + 0.2Y

Tax rate, t = 0.2 or 20%.

Answer the following question.

1. What is the marginal propensity to consume in this economy?
2. What is the equation of the aggregate expenditure function in this economy?
3. Determine the size of the autonomous expenditure multiplier.
4. Determine the size of the tax multiplier.
5. What is the size of the budget deficit at the equilibrium level of income?
6. How much in tax cuts is required to increase the equilibrium level of income by 50.

Mr Brown is the manager of a portfolio consisting of stocks as shown below. the market risk premium is 8% and the risk free-rate is 3%

i) Calculate the beta and expected return of the portfolio

ii) Appraise & discuss why Mr Brown included stock Z in the portfolio

iii) Mr Brown strongly believe that the stock market would rise in the next one year. Discuss one possible way that he could use to increase the performance of the portfolio if the stock market were to rise.

1. The dependent variable has a score in the case of logistic regression. TRUE or FALSE and why?

2, If the probability of an even A is 0.2 and that of an event B is 0.10 then the odds ratio is: a.1 b. 2.25 c. 2.0 d. 0.5

3. In the case of logistic regression, we estimate how much the natural logarithm of the odds for Y =1 changes for a unit change in X. TRUE or FALSE

4. In binomial logistic regression, the dependent variables consists of more than two categories. TRUE or FALSE and why?

5. Similar to linear regression, logistic regression has one or more independent variables. TRUE or FALSE and why?

A flow rate of Va (in) = 300 [mL / min] of water is mixed in a static mixer with an aqueous solution containing an active ingredient B, at the concentration Cb (in) = 0.2 [mM]. Water density = 1003 [kg / m ^ 3], density of the aqueous solution = 1010 [kg / m ^ 3]

Calculate the volumetric flow rate, V (in) in [mL / min] of the aqueous solution containing the active ingredient B entering the static mixer, to obtain, upon exiting the mixer, an aqueous solution with a final concentration of active principle equal to C (out) = 9.5 [microM]

**i assume density mixed solution =1010 kg/m^3**

ALL I NEED IS THE REST OF THE NUMBERS FOR PART 2 AND 3 THE REST ARE CORRECT.

Control Limits, Variance Investigation

Buenolorl Company produces a well-known cologne. The standard manufacturing cost of the cologne is described by the following standard cost sheet:

Direct materials:
Liquids (4.5 oz. @ $0.40) $1.80
Bottles (1 @ $0.05) 0.05
Direct labor (0.2 hr. @ $15.00) 3.00
Variable overhead (0.2 hr. @ $5.00) 1.00
Fixed overhead (0.2 hr. @ $1.50) 0.30
Standard cost per unit $6.15

Management has decided to investigate only those variances that exceed the lesser of 10% of the standard cost for each category or $20,000.

During the past quarter, 250,000 four-ounce bottles of cologne were produced. Descriptions of actual activity for the quarter follow:

A total of 1.35 million ounces of liquids was purchased, mixed, and processed. Evaporation was higher than expected (no inventories of liquids are maintained). The price paid per ounce averaged $0.42.
Exactly 250,000 bottles were used. The price paid for each bottle was $0.048.
Direct labor hours totaled 48,250, with a total cost of $733,000.

Normal production volume for Buenolorl is 250,000 bottles per quarter. The standard overhead rates are computed by using normal volume. All overhead costs are incurred uniformly throughout the year.

Required:

1. Calculate the upper and lower control limits for materials and labor.

Liquid standard $ 450,000
Upper control limit $ 470,000
Lower control limit $ 430,000

Bottle standard $ 12,500
Upper control limit $ 13,750
Lower control limit $ 11,250

Direct labor standard $ 750,000
Upper control limit $ 770,000
Lower control limit $ 730,000

2. Compute the total materials variance, and break it into price and usage variances. Would these variances be investigated?
If there is no variance, enter "0" in the amount box and select "No variance" from the dropdown menu.

Would it be investigated?
Total liquid variance $ Unfavorable
Materials price variance $ Unfavorable  
Materials usage variance $ 90,000 Unfavorable  

Total bottle variance $ 500 Favorable  
Materials price variance $ 500 Favorable
Materials usage variance $ 0 variance  

3. Compute the total labor variance, and break it into rate and efficiency variances. Would these variances be investigated? Round intermediate calculations to two decimal places, if necessary and round final answers to the nearest dollar.

Would it be investigated?
Total labor variance $ Favorable  
Labor rate variance $ 9,168 Unfavorable  
Labor efficiency variance $ 26,250 Favorable  

Please answer All, I do not have computer to solve. Thank you !

1. You have chosen biology as your college major because you would like to be a medical doctor. However, you find that the probability of being accepted to medical school is about 20 percent. If you are accepted to medical school, then your starting salary when you graduate will be $320,000 per year. However, if you are not accepted, then you would choose to work in a zoo, where you will earn $46,000 per year. Without considering the additional years you would spend in school if you study medicine or the time value of money.

- Expected starting salary:

-Standard deviation:

2. Stocks A, B, and C have expected returns of 14 percent, 14 percent, and 10 percent, respectively, while their standard deviations are 49 percent, 21 percent, and 21 percent, respectively. If you were considering the purchase of each of these stocks as the only holding in your portfolio and the risk-free rate is 0 percent, which stock should you choose?

Coefficient of variation for stock

-A:

-B:

-C:

3. David invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 15.30 percent in 2012, 31.50 percent in 2013, 13.50 percent in 2014, and 2.30 percent in 2015. What return did he earn in the average year during the 2012–2015 period?

-Returned earned in the average year: %

4. Michael invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 17.35 percent in 2012, 30.95 percent in 2013, 11.45 percent in 2014, and 1.60 percent in 2015. What was the average annual return that Michael earned over the 2012–2015 period.

-Average annual return earned3

5.Assume the expected return on the market is 10 percent and the risk-free rate is 4 percent, What is the expected return for a stock with a beta equal to 2.00? What is the market risk premium?

-Expected return:

-market risk premium:

6.Linda is considering investing in a company's stock and is aware that the return on that investment is particularly sensitive to how the economy is performing. Her analysis suggests that four states of the economy can affect the return on the investment.

-expected return on Linda’s investment:

- determine the standard deviation of the return on Linda's investment:

In response to requests from customers, S. Rey will begin selling computer software. The company will extend credit terms of 1/10, n/30, FOB shipping point, to all customers who purchase this merchandise. However, no cash discount is available on consulting fees. Additional accounts (Nos. 119, 413, 414, 415, and 502) are added to its general ledger to accommodate the company’s new merchandising activities. Also, Business Solutions does not use reversing entries and, therefore, all revenue and expense accounts have zero beginning balances as of January 1, 2018. Its transactions for January through March follow:

Jan. 4 The company paid cash to Lyn Addie for five days’ work at the rate of $175 per day. Four of the five days relate to wages payable that were accrued in the prior year.
5 Santana Rey invested an additional $25,000 cash in the company.
7 The company purchased $6,600 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB shipping point, invoice dated January 7.
9 The company received $2,688 cash from Gomez Co. as full payment on its account.
11 The company completed a five-day project for Alex’s Engineering Co. and billed it $5,470, which is the total price of $6,820 less the advance payment of $1,350.
13 The company sold merchandise with a retail value of $4,400 and a cost of $3,510 to Liu Corp., invoice dated January 13.
15 The company paid $710 cash for freight charges on the merchandise purchased on January 7.
16 The company received $4,180 cash from Delta Co. for computer services provided.
17 The company paid Kansas Corp. for the invoice dated January 7, net of the discount.
20 Liu Corp. returned $700 of defective merchandise from its invoice dated January 13. The returned merchandise, which had a $280 cost, is discarded. (The policy of Business Solutions is to leave the cost of defective products in cost of goods sold.)
22 The company received the balance due from Liu Corp., net of both the discount and the credit for the returned merchandise.
24 The company returned defective merchandise to Kansas Corp. and accepted a credit against future purchases. The defective merchandise invoice cost, net of the discount, was $486.
26 The company purchased $10,000 of merchandise from Kansas Corp. with terms of 1/10, n/30, FOB destination, invoice dated January 26.
26 The company sold merchandise with a $4,600 cost for $5,810 on credit to KC, Inc., invoice dated January 26.
31 The company paid cash to Lyn Addie for 10 days’ work at $175 per day.
Feb. 1 The company paid $2,565 cash to Hillside Mall for another three months’ rent in advance.
3 The company paid Kansas Corp. for the balance due, net of the cash discount, less the $486 amount in the credit memorandum.
5 The company paid $410 cash to the local newspaper for an advertising insert in today’s paper.
11 The company received the balance due from Alex’s Engineering Co. for fees billed on January 11.
15 Santana Rey withdrew $4,750 cash from the company for personal use.
23 The company sold merchandise with a $2,550 cost for $3,410 on credit to Delta Co., invoice dated February 23.
26 The company paid cash to Lyn Addie for eight days’ work at $175 per day.
27 The company reimbursed Santana Rey for business automobile mileage (1,000 miles at $0.32 per mile).
Mar. 8 The company purchased $2,850 of computer supplies from Harris Office Products on credit, invoice dated March 8.
9 The company received the balance due from Delta Co. for merchandise sold on February 23.
11 The company paid $860 cash for minor repairs to the company’s computer.
16 The company received $5,260 cash from Dream, Inc., for computing services provided.
19 The company paid the full amount due to Harris Office Products, consisting of amounts created on December 15 (of $1,130) and March 8.
24 The company billed Easy Leasing for $9,157 of computing services provided.
25 The company sold merchandise with a $2,102 cost for $2,870 on credit to Wildcat Services, invoice dated March 25.
30 The company sold merchandise with a $1,048 cost for $2,360 on credit to IFM Company, invoice dated March 30.
31 The company reimbursed Santana Rey for business automobile mileage (300 miles at $0.32 per mile).

The following additional facts are available for preparing adjustments on March 31 prior to financial statement preparation:

The March 31 amount of computer supplies still available totals $2,205.
Three more months have expired since the company purchased its annual insurance policy at a $2,472 cost for 12 months of coverage.
Lyn Addie has not been paid for seven days of work at the rate of $175 per day.
Three months have passed since any prepaid rent has been transferred to expense. The monthly rent expense is $855.
Depreciation on the computer equipment for January 1 through March 31 is $1,060.
Depreciation on the office equipment for January 1 through March 31 is $400.
The March 31 amount of merchandise inventory still available totals $594.

Required:

1. Prepare journal entries to record each of the January through March transactions.

One Product Corp. (OPC) incorporated at the beginning of last year. The balances on its post-closing trial balance prepared on December 31, at the end of its first year of operations, were:

The following information is relevant to the first month of operations in the following year:

• OPC sells its inventory at $150 per unit, plus sales tax of 6%. OPC’s January 1 inventory balance consists of 180 units at a total cost of $12,760. OPC’s policy is to use the FIFO method, recorded using a perpetual inventory system.
• The $1,700 in Prepaid Rent relates to a payment made in December for January rent this year.
• The equipment was purchased on July 1 of last year. It has a residual value of $1,000 and an expected life of five years. It is being depreciated using the straight-line method.
• Employee wages are $4,000 per month. Employees are paid on the 16th for the first half of the month and on the first day of the following month for the second half of each month. Withholdings each pay period include $250 of income taxes and $150 of FICA taxes. These withholdings and the employer’s matching contribution are paid monthly on the second day of the following month. In addition, unemployment taxes of $50 are accrued each pay period, and will be paid on March 31.
• Deferred Revenue is for 30 units ordered and paid for in advance by two customers in late December. One order of 25 units is to be filled in January, and the other will be filled in February.
• Notes Payable arises from a three-year, 9 percent bank loan received on October 1 last year.
• The par value on the common stock is $2 per share.
• Treasury Stock arises from the reacquisition of 500 shares at a cost of $8 per share.

January Transactions

1. On 1/01, OPC paid employees’ salaries and wages that were previously accrued on December 31.
2. A truck is purchased on 1/02 for $10,000 cash. It is estimated this vehicle will be used for 50,000 miles, after which it will have no residual value.
3. Payroll withholdings and employer contributions for December are remitted on 1/03.
4. OPC declares a $0.50 cash dividend on each share of common stock on 1/04, to be paid on 1/10.
5. A $975 customer account is written off as uncollectible on 1/05.
6. On 1/06, recorded sales of 175 units of inventory on account. Sales tax is charged but not yet collected or remitted to the state.
7. Sales taxes of $500 that had been collected and recorded in December are paid to the state on 1/07.
8. On 1/08, OPC issued 300 shares of treasury stock for $2,400.
9. Collections from customers on account, totaling $13,043, are recorded on 1/09.
10. On 1/10, OPC distributes the $0.50 cash dividend declared on January 4. The company’s stock price is currently $5 per share.
11. OPC purchases on account and receives 70 units of inventory on 1/11 for $4,480.
12. The equipment purchased last year for $31,000 is sold on 1/15 for $30,000 cash. Record depreciation for the first half of January prior to recording the equipment disposal.
13. Payroll for January 1-15 is recorded and paid on 1/16. Be sure to accrue unemployment taxes and the employer’s matching share of FICA taxes.
14. Having sold the equipment, OPC pays off the note payable in full on 1/17. The amount paid is $23,099, which includes interest accrued in December and an additional $93 interest through January 17.
15. On 1/27, OPC records sales of 30 units of inventory on account. Sales tax is charged but not yet collected or remitted.
16. A portion of the advance order from December (25 units) is delivered on 1/29. No sales tax is collected on this transaction because the customer is a U.S. governmental organization that is exempt from sales tax.
17. To obtain funds for purchasing new equipment, OPC issued bonds on 1/30 with a total face value of $95,000, stated interest rate of 5 percent, annual compounding, and six-year maturity date. OPC received $85,944 from the bond issuance, which implies a market interest rate of 7 percent.
18. On 1/31, OPC records units-of-production depreciation on the vehicle (truck), which was driven 2,000 miles this month.
19. OPC estimates that 2% of the ending accounts receivable balance will be uncollectible. Adjust the applicable accounts on 1/31, using the allowance method.
20. On 1/31, adjust for January rent expired.
21. Accrue January 31 payroll on 1/31, which will be payable on February 1. Be sure to accrue unemployment taxes and the employer’s matching share of FICA taxes.
22. Accrue OPC’s corporate income taxes on 1/31, estimated to be $4,120

Prepare all January journal entries and adjusting entries for items (a)–(v). Review the 'General Ledger' and the adjusted 'Trial Balance' Tabs to see the effect of the transactions on the account balances. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Part 1:

Reba Dixon is a fifth-grade school teacher who earned a salary of $38,000 in 2017. She is 45 years old and has been divorced for four years. Reba rents out a small apartment building in Colorado Springs, Colorado. In 2017, Reba received $30,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental. They had been living in Colorado for the past 15 years, but ever since her divorce, Reba has been wanting to move back to Georgia to be closer to her family. Luckily, in November 2016, a teaching position opened up and Reba and Heather decided to make the move.

Reba and her daughter Heather (20 years old at the end of 2017) moved to Georgia in December 2016 and purchased a home for $80,000. In 2017, Reba paid $2,000 for home mortgage interest and $1,500 in real estate taxes on this same home.

Heather decided to continue living at home with her mom, and she started attending school full-time in January 2017 at a nearby university. She was awarded a $3,000 taxabll tuition scholarship this year, and Reba helped out by paying the remaining $500 tuition and $700 textbook cost. If possible, Reba thought it would be best to claim the education credit for these expenses.

Reba wasn’t sure if she would have enough items to help her benefit from itemizing on her tax return. However, she kept track of several expenses this year that she thought might qualify if she was able to itemize. Reba paid $2,800 in state income taxes via withholding from her paycheck and $6,500 in cash charitable contributions during 2017. She also paid the following medical-related expenses for her and Heather:

Insurance premiums

$

$4,795

Medical care expenses

$1,100

Prescription medicine

$350

Nonprescription medicine

$100

New contact lenses for Heather

$200

A few years ago, Reba acquired several investments with her portion of the divorce settlement. In 2017, she reported the following income from her investments: $2,200 of interest income from ABC, Inc. corporate bonds and $1,500 interest income from City of Denver municipal bonds. Overall, Reba’s stock portfolio appreciated by $12,000.

Heather reported $3,200 of interest income in 2017 from corporate bonds she received as gifts from her father over the last several years. This was Heather’s only source of income for the year. Reba provides more than one-half of Heather’s support.

Reba had $10,000 of federal income taxes withheld by her employer in 2017. Reba did not make any estimated payments. Reba had qualifying insurance for purposes of the Affordable Care Act (ACA) (She is not subject to a “lack of health care insurance” penalty).

Part 2: In addition to the information in Part 1, now also assume the following for 2017:

The $19,500 of expenses associated with Reba renting out a small apartment building is comprised of the following items: $5,500 depreciation, $6,500 property taxes, $3,000 insurance, $1,000 repairs, and $3,500 utilities. Reba will report this information and the $30,000 of rental payments received from tenants on Schedule E.

Reba is a also a part-time chef who has developed a new way to prepare great tasting, low-carbohydrate meals using fresh ingredients. She teaches cooking classes during the summer months when she is not teaching and reports this activity as a sole proprietorship on Schedule C using a principal business code of 611000 in Box B. Activity for the year included: gross receipts = $15,670, food supplies = $3,850, legal expenses = $900, office expense = $410, advertising = $800, and the purchase of a portable convection oven on June 15 used 100% for business purposes = $1,300 (claim the largest depreciation deduction possible). Reba uses the cash basis of accounting for tax purposes. In addition, Reba occasionally uses her personal car for business. Assume that Reba maintains a mileage log showing that she drove her car a total of 10,000 miles during the year including 900 miles for business purposes. Reba does not maintain a home office.

Reba had two stock transactions during the year: 1) Sold 5,000 shares of LMN Corp. common stock for $110,000 on May 5. The shares were originally purchased for $60 each on August 7, 2013. Reba decided to sell the LMN stock before the market price dropped any lower. 2) Sold 900 shares of Home Depot, Inc. common stock for $150 per share on April 21, 2017. The shares were inherited from Reba’s Aunt on March 21, 1997. We will discuss in class how to determine the basis of these shares.

Reba borrowed $25,000 from a broker to purchase investment assets including stocks and bonds. During the year, she paid the broker $1,750 of interest related to this loan.

complete the spreadsheet belwo

income

salary

taxable interest

non taxable interest

business income schedule c

capital gain or loss

rental real estate

total income

less adjustments for agi

deductible part of self employment tax

adjusted gross income

itemized deductions

medical and dental

taxes

interest

gift to charity

total itemized deductions

less itemized deduction or standard deduction

less exemptions

taxable income

tax less credits

education credit

plus other taxes

self employment tax

less payments

federal income tax witheld

refund / tax due