Questions
Politics Question Although government from the state to the local level is clearly unitary, local finance...

Politics Question

Although government from the state to the local level is clearly unitary, local finance is very diverse, with many local levies and revenue streams. Should states abolish all local taxes and institute more efficient tax reforms? Why/why not?

In: Economics

Write a short essay based on current states of the US economy. Use one paragraph describing...

Write a short essay based on current states of the US economy. Use one paragraph describing Fed's action, use one paragraph describing fiscal policy, and use at least one additional paragraph commenting on the potential effects of these policies using AS/AD framework

In: Economics

Write a short essay based on current states of the US economy. Use one paragraph describing...

Write a short essay based on current states of the US economy. Use one paragraph describing Fed's action, use one paragraph describing fiscal policy, and use at least one additional paragraph commenting on the potential effects of these policies using AS/AD framework.

In: Economics

Estimate the volume occupied by 18kg of ethylene at 55 degree celcius and 35 bar? what...

Estimate the volume occupied by 18kg of ethylene at 55 degree celcius and 35 bar? what method should i use in this case and why? (method can be generalized cubic equation of states, pitzer correlations for 2nd virial coefficient, or pitzer correlations for compressibility factor)

In: Other

Lipid bilayers can exist in a gel-like state or a more fluid-like state, which is a...

Lipid bilayers can exist in a gel-like state or a more fluid-like state, which is a function of both temperature and lipid composition. Which of these states is more common in a biological membrane and why? Specifically address the advantages this may provide for associated membrane proteins

In: Biology

3. NJ wants to attract businesses to move to NJ from other states. It offers firms...

3. NJ wants to attract businesses to move to NJ from other states. It offers firms a tax break on profits earned in NJ over the next 10 years. How could you empirically test whether this tax break has any effect?

In: Economics

Use the following to answer the next six questions MADONNA, INC. Unadjusted Trial Balance December 31,...

Use the following to answer the next six questions
MADONNA, INC.
Unadjusted Trial Balance
December 31, 2012
DR CR
Cash $ 51,000   
Equipment 38,000   
Retained Earnings $ 4,000
Accounts Payable 6,000
Unearned Fee Revenue 8,000
Accumulated Depreciation-Equipment 1,800
Accounts Receivable 1,500   
Supplies 950   
Salaries Expense 6,700   
Common StockInsurance Expense 500 61,050
Fee RevenueRent Expense 4,200 30,000
Notes Receivable 8,000   
$ 110,850 $ 110,850
1. On July 1, 2012, Madonna paid the landlord $4,200 for 10 months rent in advance. The adjusting entry at December 31, 2012 would include:
A. debit to Prepaid Rent for $2,520
B. credit to Rent Expense for $1,680
C. credit to Rent Expense for $2,520
D. debit to Rent Expense for $2,520
E. none of the above
2. On October 1, 2012, Madonna received $8,000 in advance for fees to be earned evenly over five months beginning on that date. The required adjusting journal entry at December 31, 2012 would include a:
A. debit to Fee Revenue for $3,200
B. credit to Unearned Fee Revenue for $4,800
C. credit to Fee Revenue for $3,200
D. credit to Fee Revenue for $4,800
E. none of the above
3. The Notes Receivable represent a loan given to a supplier for $8,000 on December 1, 2012. The loan carries a 12 percent interest rate and has a term of 180 days. The adjusting entry on December 31, 2012 will include:
A. A debit to Interest Expense for $80
B. A debit to Interest Receivable for $80
C. A credit to Interest Payable for $480
D. A debit to Notes Receivable for $480
E. none of the above
4. At December 31, 2012 there was $320 of supplies on hand. The adjusting entry would include a:
A. credit to Supplies Expense of $630
B. debit to Supplies of $320
C. debit to Supplies Expense of $630
D. debit to Supplies Expense of $320
E. None of the above
5. The Equipment was purchased on July 1, 2011. It has a useful life of ten years and an estimated salvage value of $2,000. The adjusting entry at December 31, 2012 would include a:
A. credit to Equipment for $3,600
B. debit to Depreciation Expense –Equipment for $3,800
C. credit to Accumulated Depreciation –Equipment for $3,600
D. debit to Depreciation Expense –Equipment for 5,400
E. none of the above
6. Refer to the previous question. The book value of the Equipment on the December 31, 2012 balance sheet (after adjusting depreciation expense for 2012) is:
A. $ 36,000
B. $ 32,600
C. $ 32,400
D. $ 30,600
E. none of the above

7. The accountant for the Mobe Company made an adjusting entry to record depreciation for the current year twice by mistake. The effect of this error would be:
A. An overstatement of assets offset by an understatement of owner’s equity.
B. An understatement of assets, net income, and owner’s equity.
C. An overstatement of assets and of net income, and an understatement of owner’s equity.
D. An overstatement of net income and an understatement of assets.
E. None of the above.
8. The Sweeney Theater offered books of theater tickets to its patrons at $30 per book. Each book contained a certain number of tickets to future performances. During the current period 1,000 books were sold for $30,000, and this amount was credited to a temporary account. At the end of the period it was determined that $17,000 worth of book tickets had been used by customers attending performances. The appropriate adjusting entry at the end of the period would be:
A. Debit Ticket Revenue $17,000 and credit Unearned Ticket Revenue $17,000.
B. Debit Unearned Ticket Revenue $13,000 and credit Ticket Revenue $13,000.
C. Debit Unearned Ticket Revenue $17,000 and credit Ticket Revenue $17,000.
D. Debit Ticket Revenue $13,000 and credit Unearned Ticket Revenue $13,000.
E. None of the above.

In: Accounting

Patient Profile: Patient is 59 years old with a current weight of 240 pounds; BMI is...

Patient Profile: Patient is 59 years old with a current weight of 240 pounds; BMI is 41 (5’4’’tall). She is sedentary (no physical activity whatsoever) and works a desk job. She had a stress test recently and everything was normal. She states that she participated in a walking program last year but had to drop out after 3 weeks because she developed plantar fasciitis. She also states that the walking was pointless because she did not lose any weight during those 3 weeks.

  1. The client asks you why the company chose these 3 healthy changes for a reduction in premiums. How would you respond regarding the following questions asked?
    1. Why a 10% reduction in weight?
    2. Why do I need to exercise for 150 minutes or more per week?

In: Nursing

What is incorrect about anomaly?


  1. What is incorrect about anomaly?



    Neglected firm effect is related to semi efficient market hypothesis



    Small firm effect is that small firms have relatively superior risk adjusted returns to large firms



    January effect can be explained by weak form efficient market hypothesis



    a financial anomaly refers to results which cannot be explained by financial theories especially efficient market hypothesis


2. Which of the following is wrong about the strong form of the Efficient Market Hypothesis?



The strong form of the Efficient Market Hypothesis states that security prices fully reflect all public and private information



Inside information is information not available to the general public



Strong legal enforcement can make a market perfectly efficient as the strong form of the Efficient Market Hypothesis states.



This means even corporate insiders cannot make abnormal profits by using inside information

In: Finance

In hypothesis testing, the test of hypothesis is developed assuming the ALTERNATIVE hypothesis is true.

 

 

In hypothesis testing, the test of hypothesis is developed assuming the ALTERNATIVE hypothesis is true.

 

In hypothesis testing, the NULL hypothesis states that a parameter of interest is equal to a specific value.

 

For larger sample sizes (n>30) with the STANDARD DEVIATION KNOWN, the t-distribution should be used to test hypotheses about the population mean.

 

In hypothesis testing, the ALTERNATIVE hypothesis states how the parameter of interest differs from the null hypothesis value.

 

The p-value is determined by the ALTERNATIVE hypothesis.

 

Type I error can be defined as the probability the null hypothesis is true.

 

Type II error is the probability of failing to reject H0 when it is false.

 

The SMALLER the significance level, the stronger the evidence needed to reject H0.

 

The SIGNIFICANCE LEVEL determines how unusual an outcome must be in order to reject or fail to reject the null hypothesis.

 

The p-value is the probability the null hypothesis is true.

In: Statistics and Probability