Suppose a developed nation’s economy is showing early signs of a recession. This comes despite fiscal policymakers having implemented a significant tax cut (i.e., expansionary fiscal policy) one year earlier. Since this expansionary policy was implemented, inflation has been rising so the central bank has been taking steps to reduce it back to its pre-fiscal policy level (but not lower). Using the language of the AD/AS model, identify 2 possible causes for the recession, given the facts described above and explain how they might cause a recession.
In: Economics
Question 5 A researcher is undertaking an early stage investigation into the possible effect of a food additive on the weight of rats. The additive is a “designer” chemical aimed at increasing growth rate. Data from the experiment are contained in the file STA201 201960 Assignment 2 Rat Diets.xlsx. (a) Show the data in a structure that allows it to be readily analysed using R Commander. (1 mark) (b) The researcher intends to determine if there is evidence that the additive has increased the weight of rats. State the appropriate null and alternate hypotheses in this instance. (c) Show the output when R Commander is used to undertake the relevant Welsch two sample t test, using a 5% level of significance. (d) Clearly state the conclusion for the test and justify this by referencing a value or values from the R Commander output. (e) State the statistical assumptions underlying Welch’s two sample t test. (f) Say if it would have been appropriate here to use the paired t test and justify your decision.
| Additive | Standard |
| 134 | 70 |
| 146 | 118 |
| 104 | 101 |
| 119 | 85 |
| 124 | 107 |
| 161 | 132 |
| 107 | 94 |
| 83 | |
| 113 | |
| 129 | |
| 97 | |
| 123 |
In: Statistics and Probability
4. EMERGING ADULT CHALLENGES: The time between the late teens and early twenties, referred to as “Emerging Adulthood,” has been identified as another unique period of the lifespan. Explain the difference between demographer’s definition of adulthood and emerging adult’s definition of adulthood. Researchers have claimed that the only thing that is ‘normative’ about this time in the lifespan is that ‘nothing is normative’. Describe THREE characteristics of this period that support this claim. What are two changes in identity development that are distinct to this period of the lifespan? Define who we are referring to when we discuss the “Forgotten Half”. Explain why these emerging adults are referred to as the forgotten half. Describe FOUR key factors that research has identified as important for adjusting to college. Who are at greatest risk for dropping out of college?
In: Psychology
McMinn Publications was organized early in 2016 with authorization to issue 20,000 shares of $100 par value preferred stock and 1 million shares of $1 par value common stock. All of the preferred stock was issued at par, and 300,000 shares of common stock were sold for $20 per share. The preferred stock pays a 10 percent cumulative dividend.
During the first five years of operations (2016 through 2020) the corporation earned a total net income of $4,560,000 and paid dividends of $1 per share each year on the common stock. In 2021, however, the corporation reported a net loss of $1,825,000 and paid no dividends.
Required:
a. Prepare the stockholders’ equity section of the balance sheet at December 31, 2021.
c. Do the dividends in arrears appear as a liability of the corporation as of the end of 2021?
Prepare the stockholders’ equity section of the balance sheet at December 31, 2021.
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Do the dividends in arrears appear as a liability of the corporation as of the end of 2021
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In: Accounting
If fine glass needles are used to manipulate a chromosome inside a living cell during early M phase, it is possible to trick the kinetochores on the two sister chromatids into attaching to the same spindle pole. This arrangement is normally unstable, but the attachments can be stabilized if the needle is used to gently pull the chromosomes so that the mictotubules attached to both kinetochores (via the same spindle pole) are under tension. What does this suggest to you about the mechanism by which kinetochores normally become attached and stay atached to microtubules from opposite spindle poles? Is this finding consistent with the possibility that a kentochore is programmed to attach to mictotubules from a particular spindle pole? Explain your answer.
In: Biology
In early 2012, the spot exchange rate between the Swiss Franc and U.S. dollar was 1.0404 ($ per franc). Interest rates in the U.S. and Switzerland were 0.25% and 0% per annum, respectively, with continuous compounding. The three-month forward exchange rate was1.0300 ($ per franc). What arbitrage strategy was possible? How does your answer change if the exchange rate is 1.0500 ($ per franc).
In: Finance
When early stage startups look for funding (choose all that apply):
a. They tend to issue preferred stock to founders and employees, and common stock to investors.
b. Angels and VCs often provide better funding opportunities than crowdfunding.
c. Friends and family are often the first stop, because they believe in the founders
d. Some banks may provide secured loans and/or venture debt
e. Grant funding can create problems on the cap table through high dilution.
In: Finance
In: Accounting
The Enron failure and bankruptcy in early 2001 has become a symbol of corporate unethical behavior. It also cast a very dark shadow over the accounting industry, since Arthur Andersen, the largest accounting firm in the world at the time, was the company's auditing firm. Arthur Andersen was implicated in the illegal activities being carried on by Enron, since they failed to disclose accounting irregularities to the Securities and Exchange Commission (SEC). Since ethical behavior is one of the foundations of the accounting industry, I believe that it is important for students to understand what happened and why it happened in the Enron case.
A movie was directed by Alex Gibney called “Enron: The Smartest Guys In The Room.” It chronicles the rise and fall of Enron, who was responsible for it, and the shock waves that were sent throughout the world when the company collapsed. A DVD of the movie is available through the PCC library and in various places on the Internet (do a Google search on the movie title) and I would like all of you to see it and report on what you learn from it. Please focus on the impact of the case as it relates to the accounting industry, your feelings about the important topic of business ethics, and what has happened to the industry as a result of the Enron debacle. What was the effect of the Enron scandal upon the accounting industry? What was the effect of the scandal upon business in general? What were your impressions of the movie and the scandal?
Your paper should be between 500 and 1,000 words in length. Please cite any references you use. The paper should be submitted using good writing standards.
In: Accounting
Judy Dench took up the government offer on the “Special Early Retirement Programme” and received a lump sum payment of J$3.5M. After clearing her mortgage and credit card debts she has J$1.5M remaining. She saw an advertisement recently in the local newspaper where JMMB was offering three investments offer to the public as follow:
|
Investment Product |
Interest Rate |
Term |
Conditions |
|
Investment A |
16% |
5 years |
Interest is compounded annually. Principal & Interest is paid at the end of the 5 years. |
|
Investment B |
13.80% |
6 years |
Interest is compounded annually. Principal & Interest is paid at the end of the 6 years. |
|
Investment C |
11.60% |
7 years |
Interest is compounded annually. Principal & Interest is paid at the end of the 7 years. |
If Judy wants to invest only J$1,000,000; which one of the investment products based on calculations would you recommend her to invest in?
B. John Travolta plans on investing the following cash flows at the beginning of each year:
Year Cash Flow
2019 $30 000
2020 $40 000
2021 $60 000
2022 $90 000
2023 $20 000
How much would John accumulate at the end of 2023 if the interest rate is compounded annually at an interest rate of 9.8%?
In: Finance