# Qrb 501 Week 2

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Running head: MEASUREMENT, SIMULTANEOUS EQUATIONS, AND TIME SERIES Measurement, Simultaneous Equations, and Time Series Questions QRB/501 MEASUREMENT, SIMULTANEOUS EQUATIONS, AND TIME SERIES Measurement, Simultaneous Equations, and Time Series Questions Levels of Measurement Question from; Statistical Techniques in Business and Economics text. Ch.1, Exercise 18. Refer to the Wage data, which reports information on annual wages for a sample of 100 workers. Also included are variables relating to industry, years of education, and gender for each worker. A) Which of the 12 variables are qualitative and which are quantitative? 1) Annual wage in dollars 2) Industry (1 = Manufacturing, 2 =…show more content…
A) Calculate Gateway, Inc.’s working capital, current ratio, and acid-test ratio at December 31, 1999, and 1998. Working capital = Current assets - Current liabilities. Current ratio = Current assets/Current liabilities. Acid-test ratio = Cash(including temporary cash investments) + Accounts receivable/Current liabilities. Assets 1999 1998 Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . \$1,127,654 \$1,169,810 Marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 208,717 158,657 Accounts receivable, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 646,339 558,851 Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 191,870 167,924 Other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 522,225 172,944 Total current assets \$2,696,805 \$2,228,186 Total assets for 1997 were \$2,039,271. Liabilities 1999 1998 Current maturities of