Bazzi et al (2019) study the American frontier and make clever use of names data from the census. What do they measure with names and how does the measure work?
Q: On December 1, Gary Walker began an auto repair shop, Walker's Quality Automotive. The following…
A: Adjusting Entry – Adjusting Entries are the entries that make the accrual principle work for the…
Q: Hadden Corporation is evaluating a capital investment opportunity. This project would require an…
A: Net present value method :- It is defined as the difference between the present value of cash…
Q: Tamarisk Industries has the following patents on its December 31, 2019, balance sheet. Patent Item…
A: Assets are the resources of an organization that has economic value and the potential possibility of…
Q: Trusted Products Company makes a household appliance with model number L800. The goal for 2020 is to…
A: Operating income is the difference between income and operating expenses of the business. The…
Q: Rights of Creditors The following are data for the AB Partnership and for A and B as individuals.…
A: DISTRIBUTION OF CASH OF AB PARTNESHIP CASE 1 CASE 2 Partneship creditors $ 42000 $ 31000…
Q: What is compare and contrast
A: The concept of comparing and contrasting on associated with looking at two things in order to…
Q: 10. Debt to Equity Ratio 11. Times Interest Earned 12. Gross Profit Ratio
A: Ratio analysis means where different ratio of various years of years companies has been compared and…
Q: Which of the following accounts would not appear on a balance sheet a. Deferred charges b.…
A: Balance Sheet is a financial statement that records all the assets, liabilities and equity of the…
Q: Davis Company produces two hair dryers: regular and deluxe. The company has four activities:…
A: Using activity-based costing, the overhead cost is assigned to the production on the basis of a…
Q: Larson Stores owns a small retail outlet in a California coastal town. In the last few years, a…
A: Recoverable cost of the asset is the higher of value in use and fair value less cost to disposal.
Q: Your small remodeling business has two work vehicles. One is a small passenger car used for job-site…
A: Net Saving : Saving in the cost reduction, in comparison with the current cost and upgraded cost.
Q: and Sualihu, whose shares of profits and losses are in the ratio of 4:5:1, respectively is as…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: How much of the $0.24 excess unit cost is traceable to apparent inefficient use of labor time?
A: How much of the $0.24 excess unit cost is traceable to apparent inefficient use of labor time? May…
Q: ow the price of gold is suppressed? a. Lending gold to bullion banks b. Selling the gold in…
A: Price A product's price is its monetary value as a medium of exchange. The cost of a good or…
Q: Lucky Number 13, Inc. ran into some unfortunate luck, having their IT environment hacked by a…
A: The correct answer is C. 0.974000 POUNDS
Q: Current assets: Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses…
A: Ratio of Fixed Assets to long term liabilities : Ratio of Fixed Assets to long term liabilities is…
Q: You are doing great in your new business and all of your suggestions so far have been implemented.…
A: Balance scorecard approach consists four perspectives: 1.Financial perspective: To succed…
Q: Question 1 The following costs were extracted from Red's company book at the end of December 2014…
A: Prime cost means the addition of direct material consumed and direct labour incurred. Factory…
Q: is affect the General Ledger Account?
A: When a credit is issued to a customer, the invoice value reduces and the amount due from the…
Q: One way to improve our active listening skills is a. by responding to feelings Ob. through selective…
A: Active listening skill means listening skillfully and actively and with full involvement. Listening…
Q: Determine the missing pieces of information.
A: Introduction:- The following formula used as follows under:- Return on Investment Controllable…
Q: Stardust Furniture Store sells "low end" furniture and uses the installment method for revenue…
A: Instalment method of recognizing revenue is adopted by the firm which sells goods on instalment…
Q: te Light is a residential lighting company that produces lighting for dream homes. In the prior…
A: Company make huge investment and due to heavy investment made by the company , company generate…
Q: Vaughn Furniture Company started construction of a combination office and warehouse building for its…
A: The interest that could have been avoided is referred to as the "avoidable interest," and it is…
Q: In the current year, Company A made the following cash purchases: 1. The exclusive right to…
A: A patent is the granting of a assets proper through a sovereign authority to an inventor. This…
Q: Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw…
A: The transactions are recorded in journal form as debit direct cost to work in process account and…
Q: Evan Corporation’ charter authorized the following capital stock: Preferred stock: 8 percent,…
A: The contributed capital includes the amount of cash or non cash assets invested by the owners. The…
Q: Income Statement Year Ended December 31, 20X6 ale ost of goods sold ross Profit perating Expenses…
A: Working capital is necessary for maintaing the liquidity of the company and smooth operations of the…
Q: Year Ended December 31, 20X6 e t of goods sold ss Profit rating Expenses fit from Operations Come…
A: The sales is very important for the company and profit earned on the sales is more profit important…
Q: Calculate any FIVE (5) suitable ratios for the company that would assist in your analysis. -Return…
A: Return on equity(ROE)=Net income/shareholder's fund*100 Return on assets(ROA)=net income/total…
Q: What is Ijma, explain with examples?
A: Ijma is a concept in Islamic jurisprudence (fiqh) that refers to the consensus of qualified Islamic…
Q: Soyala had $62,401 of income from wages and $119 of taxable interest. Soyala also made contributions…
A: Gross income: Gross income is the sum of all forms of income of the taxpayer before claiming any…
Q: Milagros and Joseph are ages 76 and 68, respectively, and file a joint return. They have an AGI of…
A: Under the IRS, there is a special credit extended to elderly and disabled. The credit ranges between…
Q: A machine costing $208,400 with a four-year life and an estimated $16,000 salvage value is installed…
A: Straight line method :— In this method, depreciation expense is calculated by dividing depreciable…
Q: Concord Laboratories holds a valuable patent (No. 758-6002-1A) on a precipitator that prevents…
A: Useful life is defined as the total period for which a resource can be used in the operations of a…
Q: On August 1, 2024, Trico Technologies, an aeronautic electronics company, borrows $20.2 million cash…
A: Interest expense is the amount of expense which is incurred on the use of fund and is calculated by…
Q: Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2021,…
A: Journal entries: (If company issues $1860000 of 7% bonds) Jan 1. Bank a/c. Dr.…
Q: Describe the “Chart of Accounts” and discuss the importance of this list when using Quick Books.
A: The Chart of Accounts is a list of all the financial accounts used by a business to record…
Q: All of the following are true about limited partners except: Review Later Limited partners share…
A: Explanation : The legal authority for the making business decisions lies with general partner.…
Q: Cost of Goods Sold was $50669, Accounts payable decreased by 10880.and inventory decreased by $15472…
A: Purchases = Cost of goods sold - Decrease in inventory Cash paid = Purchases + Decrease in Accounts…
Q: Which of the following is a taxable retiring allowance? Choose the correct answer. O A. payments…
A: Retiring allowance is the amount which is paid to the employees or officers on the retirement of…
Q: Chapter 17 Homework wick, C.A., & Schneider, 1. 5., (2021) Accounting (28) Boston, MA. Cengage ved…
A: Dividend is the profit distributed by the company to its shareholders. When a company have surplus…
Q: A restaurant granted a 25% discount to senior citizens in excess of the 20% mandatory requirement.…
A: Given data is as follows: Discount granted = 25%Excess percentage = 20%Receipts report = P108,000
Q: Bonita Company's sales budget projects unit sales of part 1982 of 9,000 units in January, 10,600…
A: In this question, we need to prepare: Production Budget for the months of January and February.…
Q: capital balances: A, Capital P70,000 B, Capital P90,000 C,…
A: Closing balance of capital = Opening balance of capital + Interest of capital + commission or…
Q: A trial balance before adjustments included the following: Debit Credit Sales P 425,000…
A: Note: Under Direct write off method, bad debts expense are recorded when company is sure that amount…
Q: Diane sold the following items during the current year: Item Holding Period…
A: When an individual disposes of the asset, he must compute the resulting gain or loss on such…
Q: Exercise 8-16 (Static) Record warranties over two years (LO8-5) Lindy Appliance begins operations in…
A: The date, the amount to be credited and debited, a brief description of the transaction, the…
Q: Your small remodeling business has two work vehicles. One is a small passenger car used for job-site…
A: Answer to Question:- Fuel savings [ Gallons per year before upgradation - Gallons per year…
Q: A market that has three firms with the following market shares: Firm A = Firm B = Firm C = 35% 41%…
A: A merger is a business agreement in which it is decided that two companies will operate as one and…
Bazzi et al (2019) study the American frontier and make clever use of names data from the census. What do they measure with names and how does the measure work?
Step by step
Solved in 2 steps
- As was discussed in the Analytics in Action from Chapter 2, the U.S. Census Bureau is a leading source of quantitative data related to the people and economy of the United States. The crosstabulation below represents the number of households (1,000s) and the household income by the highest level of education for the head of household (U.S. Census Bureau web site, 2013). Use this crosstabulation to answer the following questions. a. Develop a joint probability table. b. What is the probability the head of one of these households has a masters degree or higher education? c. What is the probability a household is headed by someone with a high school diploma earning 100,000 or more? d. What is the probability one of these households has an income below 25,000? e. What is the probability a household is headed by someone with a bachelors degree earning less than 25,000? f. Are household income and educational level independent?The Human Resources Manager for Optilytics LLC is evaluating applications for the position of Senior Data Scientist. The file OptilyticsLLC presents summary data of the applicants for the position. a. Use a PivotTable in Excel to create a joint probability table showing the probabilities associated with a randomly selected applicants sex and highest degree achieved. Use this joint probability table to answer the questions below. b. What are the marginal probabilities? What do they tell you about the probabilities associated with the sex of applicants and highest degree completed by applicants? c. If the applicant is female, what is the probability that the highest degree completed by the applicant is a PhD? d. If the highest degree completed by the applicant is a bachelors degree, what is the probability that the applicant is male? e. What is the probability that a randomly selected applicant will be a male whose highest completed degree is a PhD?What percentage of the population live in their state of birth? According to the U.S. Census Bureaus American Community Survey, the figure ranges from 25% in Nevada to 78.7% in Louisiana. The average percentage across all states and the District of Columbia is 57.7%. The data in the file Homestate are consistent with the findings in the American Community Survey. The data are for a random sample of 120 Arkansas residents and for a random sample of 180 Virginia residents. a. Formulate hypotheses that can be used to determine whether the percentage of stay-at-home residents in the two states differs from the overall average of 57.7%. b. Estimate the proportion of stay-at-home residents in Arkansas. Does this proportion differ significantly from the mean proportion for all states? Use = 0.05. c. Estimate the proportion of stay-at-home residents in Virginia. Does this proportion differ significantly from the mean proportion for all states? Use = 0.05. d. Would you expect the proportion of stay-at-home residents to be higher in Virginia than in Arkansas? Support your conclusion with the results obtained in parts (b) and (c).
- Consider an organization of your choosing that might be creating a survey for a product or service. Write two example questions that you would use to interpret descriptive statistics and two example questions that you would use to interpret inferential statistics.In an MUS application, how is the population size defined? What is the relationship between population size and sample size?In auditing, can anyone who uses sampling be absolutely sure that the sample is representative of the population from which it is drawn? Please provide references if any.
- Evaluate alternative methods of sampling used in the process of gathering data to support desicion making within an organisation like AppleHow are IFRS currently used in the United States?Your superior has assigned you the task of assisting in designing the new tax system. Discuss what a good tax system would require and explain the specific economic challenges that affect taxation in your country.
