It is discovered that there is a 0.0371 percent chance that 75% or more of the sample's female members have participated in a diet using the normal distribution and central limit theorem.
What is meant by Standard Normal Distribution?The formula for calculating a measure's z-score in a normal distribution with mean and standard deviation is:
[tex]Z=\frac{X-\mu}{\sigma}[/tex]
- It counts the number of standard deviations a measurement deviates from the mean.
- We look at the z-score table after determining the z-score to determine the P value, which is the percentile of X.
- According to the Central Limit Theorem, the mean is $mu=p$ and the standard error is for a proportion p in a sample of size n. [tex]$s=\sqrt{\frac{p(1-p)}{n}}$[/tex]
In this problem:
- Since 70% of college women have gone on a diet in the last year, p = 0.7.
Interviews with an SRS of 267 college-aged women are part of a sample survey.
The following sources provide the mean and standard error:
[tex]& \mu=p=0.7 \\[/tex]
[tex]& s=\sqrt{\frac{p(1-p)}{n}}=\sqrt{\frac{0.7(0.3)}{267}}=0.028[/tex]
The p-value of Z for X = 0.75 is 1 removed from the likelihood that 75% or more of the women in the sample had been on a diet, so:
[tex]Z=\frac{X-\mu}{\sigma}[/tex]
In light of the Central Limit Theorem
[tex]& Z=\frac{X-\mu}{s} \\[/tex]
[tex]& Z=\frac{0.75-0.7}{0.028} \\[/tex]
Z = 1.78
Z=1.78 has a p-value of 0.9629
1 - 0.9629 = 0.0371.
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Grand River Corporation reported taxable income of $500,000 in year 1 and paid federal income taxes of $105,000. Not included in the computation was a disallowed meals expense of $2,000, tax-exempt income of $1,000, and deferred gain on an installment sale of $25,000. The corporation's current earnings and profits for year 1 would be:
The corporation's current earnings and profits for year one would be (A) $354,000.
What is taxable income?The base on which an income tax system levies tax is referred to as taxable income. In other words, the income is subject to taxation by the government. In general, it includes some or all elements of income before costs and other deductions are deducted. Income, costs, and other deductions differ depending on the country or system. Many systems stipulate that certain types of income are not taxable (also known as non-assessable income) and that certain expenses are not deductible when calculating taxable income. Some systems base tax on current-period taxable income, while others base it on prior-period taxable income.To find the current earnings and profit for one year:Income + Installment sale = 500,000 + 25,000 = $525,000
Income taxes + tax-exempt income = 170,000 + 1000 = $171,000
525,000 - 171,000 = $354,000
Therefore, the corporation's current earnings and profits for year one would be (A) $354,000.
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Complete question:
Grand River Corporation reported taxable income of $500,000 in year 1 and paid federal income taxes of $170,000. Not included in the computation was a disallowed meal and entertainment expense of $2,000, tax-exempt income of $1,000, and deferred gain on an installment sale of $25,000. The corporation's current earnings and profits for year 1 would be:
A) $354,000.
B) $524,000.
C) $500,000.
D) $331,000.
A management professor discovers a way for corporate management to operate more efficiently. He publishes his findings in a journal. His findings are?
A management professor discovers a way for corporate management to operate more efficiently. He publishes his findings in a journal. His findings are common, but not proprietary, knowledge. Corporate management is a crucial component of running a business. It outlines the hierarchy of leadership positions.
The procedure for employees to follow when reporting to their superiors, and the method for rewarding employees for their efforts. Your team can thrive by comprehending corporate management and its function within a business or organization. In this article, we go through the definition and many forms of corporate management.
The stages involved in formulating a plan and advice for developing your own management style. Planning, directing, coordinating, and controlling a company's operations are all part of corporate management.
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There can be infringement of patents, copyrights, trademarks, trade names and trade dress. True False
True, there can be an infringement of patents, copyrights, trademarks, trade names, and trade dress.
The diverse forms of patent infringement occur whilst someone or business makes use of parts of a patented concept, approach, or device without permission. Patent infringement is also known as patent violation or even stolen thoughts. It could contain either the usage of or promotion of the patented invention or concept.
Being accused of patent infringement can be severe and feature grave results. You may be chargeable for damages, which include lost income or reasonable royalties, perhaps even lawyers' expenses or treble damages. You can even be a problem with an injunction. There are, however, some defenses to such an accusation.
Patent Infringement is the violation of a patent proprietor's rights with admire to a few invention. Except accepted by means of the patent proprietor, one commits paten infringement by means of making, using, imparting to promote, or selling some thing that includes every element of a patented declaration or its equal even as the patent is in impact.
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An asset's ______ is the ease with which it can be converted quickly into the most widely accepted and easily spent form of money, cash, with little or no loss of purchasing power.
An asset's liquidity is the ease with which it can be converted quickly into the most widely accepted and easily spent form of money, cash, with little or no loss of purchasing power.
What is Asset Liquidity?When a financial asset is bought or sold, its liquidity relates to how quickly it may be transformed into cash. The ability to move cash quickly and readily without affecting its market value makes it the asset with the highest liquidity.An asset is considered to be liquid if it can quickly and easily be turned into cash. Cash, instruments from the money market, and marketable securities are examples of liquid assets. Keeping track of the liquid assets that make up a component of one's net worth can be a worry for both individuals and organizations. A company's liquid assets are recorded as current assets on its balance sheet for financial accounting reasons.To learn more about the Asset's Liquidity refer to:
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The answer is liquidity of the asset.
When an asset is purchased or sold, its liquidity relates to how readily it may be changed to cash. Cash is the most liquid asset since it can be traded fast and readily without affecting its market value.
Liquidity is defined as having enough cash on hand to satisfy financial obligations. Cash or the property that can be easily converted to cash without suffering a significant loss in value are examples of liquid assets. Higher the liquidity better it is .
Therefore, the answer is asset's liquidity.
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The choice of producing the component internally or purchasing the component externally is known as the
The choice of producing the component internally or purchasing the component externally is known as the make or buy decision.
A manufacturing or purchasing decision is the act of choosing whether to manufacture the product in-house or from an external supplier.
Make-or-buy decision is the act of choosing whether to manufacture the product in-house or from an external supplier. Similar to outsourcing decisions, making or buying decisions require comparing the costs and benefits of producing in-house and buying elsewhere.
ABC Manufacturing Company has a contract to supply 6,000 units of MVP. This also requires his 6,000 units of MVP essential components. The estimated cost of manufacturing these 6,000 units of the required components is approximately $234,000.
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The rate of osteoporosis is directly affected by the metabolism rate of vitamin ____.
The rate of osteoporosis is directly affected by the metabolism rate of vitamin D .
Osteoporosis causes bones to emerge as vulnerable and brittle — so brittle that a fall or maybe slight stresses such as bending over or coughing can reason a fracture. Osteoporosis-related fractures maximum commonly occur within the hip, wrist, or spine. Bone is dwelling tissue this is constantly being damaged down and changed.
There is no remedy for osteoporosis, however, the right treatment can assist defend and toughening your bones. those treatments can assist in gradual the breakdown of bone on your frame, and a few remedies can spur the boom of recent bone.
Further to causing permanent ache, osteoporosis causes some patients to lose their peak. While osteoporosis influences vertebrae or the bones of the backbone, it regularly leads to a stooped or hunched posture. Osteoporosis may also restrict mobility, which frequently results in emotions of isolation or melancholy.
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The nonaccelerating inflation rate of unemployment is the unemployment rate associated with ____ inflation and _____ unemployment.
The nonaccelerating inflation rate of unemployment is the unemployment rate associated with low inflation and low unemployment.
The lowest level of unemployment that can exist in the economy before inflation begins to slowly increase is known as the non-accelerating inflation rate of unemployment (NAIRU).
Inflation is constant when it is at the NAIRU level; it rises when unemployment increases; it falls when unemployment declines.
The Federal Reserve has historically employed statistical models to place the NAIRU level between 5 and 6 percent unemployment despite the fact that there is no defined formula to calculate NAIRU.
The Federal Reserve's mission is to achieve maximum employment and price stability, and assessing the NAIRU level while looking into inflation and unemployment aids it in achieving these goals.
Hence, The nonaccelerating inflation rate of unemployment is the unemployment rate associated with low inflation and low unemployment.
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A very useful guide for making investment decisions is: The shorter the payback period, the more profitable the project. Group starts
A very useful guide for making investment decisions is: The shorter the payback period, the more profitable the project: The shorter payback period makes the investment attractive but it isn't sure that it will be profitable.
An investment decision is a well-planned action that allocates financial resources to acquire the highest possible return
Investment decision taken by individual concern is of national importance because it determines employment, economic activities, and economic growth.
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If the market is efficient and securities are priced fairly, all securities will have the same:______
Reward to risk ratio for all the securities will be constant, if the market is efficient and securities are priced fairly. According to the efficient market hypothesis (EMH) or theory, share prices accurately reflect all available information. Equities, according to the EMH, trade on exchanges at their fair market value.
Investors, according to EMH proponents, benefit from investing in a low-cost, passive portfolio. EMH detractors argue that securities can deviate from fair market values and that outperformance of market is possible. In theory, neither technical nor fundamental analysis can consistently provide risk-adjusted excess returns, and inside information is only source of outsized risk-adjusted returns.
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The chapter says that budget deficits reduce the income of future generations but can boost output an income during a recession. Explain how both of these statements can be true.
Budget deficits indeed boost output and income during a recession as they increase the aggregate demand in the short run. But at the same time accumulated deficits increase the government debt. The debt is a burden for future generations as the balancing of the government budget is postponed for the future.
Budget deficits Indeed, fiscal deficits increase aggregate demand in the short term, thus boosting output and income during a recession. But at the same time, cumulative deficits increase public debt. Debt becomes a burden for future generations as the national budget balance is postponed to the future.
When governments spend more, more money circulates around the economy, helping the economy grow. Help more people invest or buy. This will help stimulate the economy. So budget deficits are not necessarily a bad thing.
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The discount rate is the interest rate on loans that the federal reserve makes to banks. Banks occasionally borrow from the federal reserve when they find themselves short on reserves. A lower discount rate.
This statement that has been made here about the discount rate is true about the discount rate. The discount rate is the interest rate on loans that the federal reserve makes to banks. Banks occasionally borrow from the federal reserve when they find themselves short on reserves. A lower discount rate.
What is the discount rate?This is the term that is used to refer to the minimum rate of interest that the federal reserve bank would set for the banks in the country.
Normally a discount would mean that the things would be cheaper and people would have to spend less for the things that they buy. Hence we can say that The discount rate is the interest rate on loans that the federal reserve makes to banks. Banks occasionally borrow from the federal reserve when they find themselves short on reserves. A lower discount rate.
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Suppose the economy is in long-run equilibrium. if there is a sharp increase in the minimum wage as well as an increase in taxes, then in the short run, real gdp will:______
If there is a sharp increase in the minimum wage as well as an increase in taxes, then in the short run, real gdp will fall & price level might rise, fall, or stay the same and in the long run, the price level might rise, fall, or stay the same but real GDP will be lower.
What is a minimum wage?This refers to the lowest remuneration that an employers can legally pay their employee as the the price floor below which employees may not sell their labor.
The effect of this on economy is noted as a sharp increase in the minimum wage as well as an increase in taxes, then in the short run, real gdp will fall & price level might rise, fall, or stay the same and in the long run, the price level might rise, fall, or stay the same but real GDP will be lower.
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Hans purchased a new passenger automobile on August 17, 2022, for $30,000. During the year, the car was used 40% for business and 60% for personal use. Determine his cost recovery deduction for the car for 2022.
If Hans purchased a new passenger automobile on August 17, 2022, for $30,000. His cost recovery deduction for the car for 2022 is: $1,200.
Cost recovery deductionPersonal use property car is limited to 4,000 calculated as (10,000×.40) which represent the following:
Half year conventionYear in use Five year asset (auto)Hence:
Cost recovery deduction:
Cost recovery deduction=(30,000×.10)×.40
Cost recovery deduction=3000×.40
Cost recovery deduction=$1200
Therefore If Hans purchased a new passenger automobile on August 17, 2022, for $30,000. His cost recovery deduction for the car for 2022 is: $1,200.
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If the product price is $283 the per-unit economic profit at the profit-maximizing output is:________
The per-unit economic profit at the profit-maximizing output is $112 if the product price is $283.
How do we calculate profit-maximizing price?The rule for calculating a profit-maximizing perfectly competitive firm is to produce the level of output where Price equals the Marginal Revenues= Marginal cost.
Hence, the economic profit is calculated by Total Revenue - (Explicit Costs + Implicit Costs) because it entails the difference between the revenue received from the sale of an output and the costs of all inputs.
Therefore, the per-unit economic profit at the profit-maximizing output is $112 if the product price is $283.
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Banks in Ruritania have a required reserve ratio of 5%5% . Round all answers to one place after the decimal. What is the simple money multiplier
The simple money multiplier forb the banks is given as 20.
How to solve for the money multiplierThe increase in the supply of money is what is called the money multiplier. This is used to determine the supply of money in an economy because it is known to have an effect on the interest rate of the economy.
The formula for the simple money multiplier is given as;
1/R
Where R is the Required reserve ratio
In the question the given reserved ration is said to be 5%
Hence the calculation would be
1/5%
= 1/0.05
= 20
The simple money multiplier is given as 20
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Which loan type requires the borrower to repay a single lump sum payment at some time in the future with interest
Pure Discount is the loan type that requires the borrower to repay a single lump sum payment at some time in the future with interest.
What is pure discount loan?
The simplest type of loan is a pure discount loan. The borrower receives funds now and makes a single, lump-sum repayment of the loan's principal and interest in the future. With interest-only loans, the full amount is repaid when the loan matures, along with a periodic interest payment.
What is pure discount bonds?
Bonds that trade at a discount to their face value and don't pay any interest are known as zero-coupon bonds. Another name for it is a deep discount bond or a pure discount bond.
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Especially for projects with long lives, estimation of revenues (or benefits), costs, and cash flows is a difficult task principally because of:
Uncertainty about future events
Estimating revenues (or benefits), costs, and cash flows is a challenging endeavor, especially for projects with lengthy lifespans, in large part due to uncertainty about the future.
The variability level of cash flow is referred to as the uncertainty of cash flow. On the one hand, it stands for the consistency and predictability of cash flow, but on the other, it also symbolizes the potential for future growth and improved performance of the company.
Due to changes in the macro aspect, the integrated force of the macroscopic environment and microcosmic environment, which affects cash flow, is primarily represented in economic uncertainty factors.
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When you use money to purchase a new car, money serves as a: double coincidence of wants. medium of exchange. store of value. unit of account.
Answer:
medium of exchange. since it is being offered in exchange for the car
When you use money to purchase a new car, money serves as medium of exchange. Hence, option B is correct.
What is a medium of exchange?A system or instrument that serves as a middleman in exchanges of products between parties is known as a medium of exchange. In modern economies, money is the main medium of exchange.
The vast majority of forms of money, including as fiat money, cryptocurrencies, representational money, and commodity money, are grouped under the category of mediums of exchange. Digital tokens and physical items like coins and bills are the most prevalent types of representational and fiat money.
As trading mediums, money and currency are employed. They allow effective commerce and boost exchange-related activities, which makes them crucial for a strong economy.
Thus, option B is correct.
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Historically, there was ________ a central bank in the u.s.
Answer: Resistance to
Explanation:
If a U.S. corporation sells a product in Europe and uses the proceeds to purchase shares in a European corporation, then U.S. net exports ______ and net capital outflows ______. a. increase; increase b. increase; decrease c. decrease; increase d. decrease; decrease
a. increase; increase
U.S. net exports increase and net capital outflows increase if a U.S. company sells a product in Europe and uses the revenues to buy stock in a European company.
What are the net exports of America?The United States' net exports for 2019, the most recent year for which data is available, totaled 11.7 percent of GDP, while net imports made up 14.6 percent of GDP. Therefore, the United States likewise experienced a trade imbalance, with a deficit of -2.9 percent.
What sort of exports are net exports?The net number takes into account a wide range of exported and imported goods and services, including automobiles, consumer goods, movies, and other items. A country's net exported products are $200 billion - $185 billion ($15 billion) if it exports $200 billion in goods and imports $185 billion in goods (exports > imports).
Is food a net export from the US?The United States continues to enjoy undisputed dominance in the culinary world. The top producer and exporter of food worldwide is the United States.
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Does the firm generate enough internal funds to support anticipated investment, or does additional outside capital need to be raised?.
Statement of cash flows - does the firm generate enough internal funds to support anticipated investment or does additional outside capital need to be raised?
A Cash Flow Statement is what?A cash flow statement is a type of financial statement that gives total information about all of the cash inflows a business makes from continuing activities and outside investment sources. It also includes any cash outflows made within a specific time period to cover investments and business expenses.
The financial statements of a firm give investors and analysts a picture of all the business transactions that take place, where each transaction helps the company succeed. Because it tracks the cash generated by the business in three key ways—through operations, investments, and financing—the cash flow statement is seen to be the most understandable of all the financial statements. These three elements are added together to form net cash flow.
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Suppose a doctor spends half of the year in the United States and the other half in Canada and works in both places. How does his production get allocated between U.S. and Canadian GNP
The GDP of the United States includes the value of services generated there, while the GDP of Canada includes the value of services produced there.
The Value of the services produced in the united states is counted in U.S.GDP and the vale of services produced in canada are counted in Canadian GDP , thus if a doctor spends half the year working in the United states and half in Canada , his production is distributed accordingly.
GDP - Gross Domestic Product - It measures the monetary value of final goods and services - that is, those that are bought by final user-produced in country in a given period of time . United states is having highest GDP
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Some economists suspect that one of the reasons that economies in developing countries grow so slowly is that they do not have well-developed financial markets. does this argument make sense?
This argument makes sense as some economists suspect that one of the reasons that economies in developing countries grow so slowly is that they don't have well-developed financial markets.
Why do economies in developing countries grow slowly?
The financial market is crucial for facilitating the flow of funds from individuals to investors to promote economic efficiency. It is exceedingly expensive and challenging to establish efficient financial markets in underdeveloped markets in emerging countries, which hurts economic growth.
What causes a country to grow faster than another country?
The labor force in nations having access to new technology and/or a wealth of research and development is frequently more productive than in nations without such access. Economic growth accelerates as productivity rises.
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Emma deposited $500 in a savings account at her bank. Her account will earn an annual simple interest rate of 9%. If she makes no additional deposits or withdrawals, how much money will she have in her account in 11 years
$995.00 she will have in her account in 11 years
Future Value = Present Value + Present Value * Interest Rate * Time Period
Future Value = $500 + $500 * 0.09 * 11
Future Value = $995.00
Simple interest is a quick and easy way to calculate interest on a loan. Simple interest is calculated by multiplying the daily interest rate by the principal and multiplying by the number of days elapsed between payments.
Simple Interest (SI) is a method of calculating the amount of interest on a particular principal at a particular interest rate. For example, when a person takes out an Rs loan. At a rate of 5000, 10 p.a. for 2 years, the interest for a person for 2 years is SI. To the borrowed money.
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Critics of labor unions argue that unions are no longer needed to protect workers from abusive and unfair treatment because
Critics of labor unions argue that unions are no longer needed to protect workers from abusive and unfair treatment because laws and modern management attitudes minimize the possibility of unsafe working conditions and unfair treatment of workers found in earlier eras.
This is further explained below.
What are labor unions?Generally, a group of employees is created to advance their interests in terms of pay, benefits, and working conditions. Members of a labor union have job security under a collective bargaining agreement with the employer.
In conclusion, Critics of labor unions argue that the organizations are no longer necessary to protect workers from unsafe working conditions and unfair treatment of workers because laws and modern management attitudes have reduced the likelihood of unsafe working conditions and unfair treatment of workers, both of which were more prevalent in earlier eras.
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as a means of exchange in our economy makes it easier for people to make transactions with each other.
Money is a means of exchange in our economy makes it easier for people to make transactions with each other.
Money is a commonly accepted commodity as an economic medium of exchange. It is a medium that expresses prices and values. It circulates from person to person, from country to country, promotes trade, and is a major measure of wealth.
In summary, money has taken many forms over the centuries, but money has consistently performed three functions. It is a medium of value storage, a calculation unit, and exchange. The modern economy uses legal tender. This is neither a commodity nor the money represented or "backed" by the commodity.
Exchange medium. When economists say that money acts as a medium of exchange, they mean a currency unit used to measure and compare the relative value of commodities.
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Assignments in which there is a mismatch between an employee's skills and past experiences and the skills required for success on the job are known as:______
Assignments in which there is a mismatch between an employee's skills and past experiences and the skills required for success on the job are known as stretch assignment
A stretch assignment is a work or project that is currently above your level of expertise or understanding.
By putting you in a difficult situation where you might learn and progress, such tasks help to "stretch" your development. Stretch assignments are short-term internal learning jobs that give employees the chance to learn new skills while also assisting their company in resolving a pressing business issue. Stretch assignments are most frequently used to assess an employee's level of expertise or aptitude for a different function, engage a high performer, promote skill development, or prepare an employee for an imminent promotion.
Stretch assignment recipients will need more assistance, direction, and motivation than regular employees. Although the work is worthwhile because stretch assignments boost employee engagement, morale, satisfaction, level of expertise, and achievement—all of which contribute to your success as their leader.
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The size and cut of a diamond allows people looking at a ring to roughly estimate its cost and make a judgment about the wearer's economic status. A diamond is a
The answer is the Status symbol.
A status symbol is typically an object meant to symbolize the high social and financial position of its owner.
Status symbols frequently vary as a culture and its ideals evolve.
Different status symbols may also be dictated by one's line of work, and some uniform designs may be interpreted as status symbols.
Status symbols in capitalist society are frequently connected to material prosperity. Status symbols might alter depending on where they are used.
For instance, a physical scar may signify honor or bravery in cultures where warriors are revered, becoming a status symbol.
Hence, in the given scenario where the size and cut of a diamond allow people looking at a ring to roughly estimate its cost and make a judgment about the wearer's economic status. A diamond is a status symbol.
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A large company has several data collections across its many departments. what kind of metadata indicates exactly how many collections a piece of data lives in?
A large company has several data collections across its many departments. what kind of metadata indicates exactly how many collections a piece of data lives in Structural metadata
This is further explained below.
What is Structural metadata?Generally, Metadata that identifies the sorts of digital assets, as well as their versions, connections, and other properties, is referred to as structural metadata (Arms, Blanchi, and Overly 1997). Other information that is linked with the particular version is a part of the digital object's structural metadata. This metadata refers to individual versions of digital objects.
In conclusion, A major firm has multiple data collectors across its various divisions. How many different collections do a particular piece of data reside in, and what type of metadata reveals this? Structural metadata
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During the summer of 2014, uber cut the price of its uberx service 20-25 percent. the success of such a pricing strategy depends on:_____.
a. an increase in the demand for rides.
b. the demand for rides being highly inelastic.
c. the demand for rides being highly elastic.
d. the demand for rides being unit elastic.
The correct answer the demand for rides being highly elastic.
When demand is very elastic, lowering the price leads to an increase in overall income. The elasticity of demand is the change in demand that occurs when another economic component, such as price or income, changes.
Inelastic demand occurs when the demand for a commodity or the service stays constant despite price changes. Elastic commodities include luxury items as well as some foods and beverages because price variations impact demand. An elastic demand curve is one in which the amount sought for a particular commodity is responsive to price fluctuations.
Therefore, the correct answer is c. the demand for rides being highly elastic.
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