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Eva8 [605]
3 years ago
15

A particular city has an asian population of 1419 people, out of a total population of 23,609. conduct a goodness of fit test at

the 5% level to determine if the self-reported sub-groups of asians are evenly distributed. round expected frequency to two decimal places. race frequency expected frequency asian indian 135 202.71 chinese 123 202.71 filipino 1038 202.71 japanese 76 202.71 korean 14 202.71 vietnamese 10 202.71 other 23 202.71 part (a) state the null hypothesis. the self-reported sub-groups of asians are evenly distributed. the self-reported sub-groups of asians are not evenly distributed.
Business
1 answer:
lions [1.4K]3 years ago
3 0
Given that a<span> particular city has an asian population of 1419 people, out of a total population of 23,609.

To conduct a goodness of fit test at the 5% level to determine if the self-reported sub-groups of asians are evenly distributed.

Since, the parameter of interest is 'if the self-reported sub-groups of asians are evenly distributed', thus the null hypothesis is "the self-reported sub-groups of asians are evenly distributed".</span>
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Renee paid $4,000 in mortgage interest on a $110,000 mortgage that was taken out when she bought her home several years ago. She
ruslelena [56]

Answer:

The amount that is deductible as interest expense for Renee in 2021 is:

= $4,000.

Explanation:

a) Data:

Home mortgage - $110,000

Interest on home mortgage = $4,000

Home equity loan for a cruise around the world = $130,000

Interest on the home equity loan = $8,000

Deductible interest expense for Renee in 2021 is $4,000

b) Usually, the interest expenses that a taxpayer pays on her home equity loan to enjoy a cruise around the world, on personal credit card, on automobile loan, and on other types of personal consumer finance interests are not tax-deductible.

4 0
2 years ago
For each of the following, state whether the events created are mutually exclusive and whether they are collectively exhaustive.
8_murik_8 [283]

Answer:

Explanation:

- mutually exclusive (ME): If one event occur the other doesn't

- collectively exhaustive (CE): one of the events must occur

a. Undergraduate business students were asked whether they were sophomores or juniors: ME

b. Each respondent was classified by the type of car he or she drives: sedan, SUV, American, European, Asian, or none. ME - CE

c. people were asked, "Do you currently live in (i) an apartment or (ii) a house?": ME

d. A product was classified as defective or not defective: ME - CE

7 0
3 years ago
Daniel Co. has 500 employees who work 8-hour days and are paid hourly. On January 1, 2020, Daniel started granting its employees
Jobisdone [24]

Answer:

The amount of expense for compensated absence to report in income statement for 2020 is $2,000,000.

Explanation:

This can be calculated using the following formula:

Amount to report in income statement for 2020 = Number of employees * Hourly wages in 2020 * Number of hours worked daily * Vacation Days Earned by Each Employee .......................... (1)

Where;

Number of employees = 500

Hourly wages in 2020 = $25

Number of hours worked daily = 8

Vacation Days Earned by Each Employee = 20

Substituting the values into equation (1) we have:

Amount to report in income statement for 2020 = 500 * $25 * 8 * 20

Amount to report in income statement for 2020 = $2,000,000

Therefore, the amount of expense for compensated absence to report in income statement for 2020 is $2,000,000.

4 0
2 years ago
Identify each of the following transactions as:
ale4655 [162]

Answer:

Explanation:

Basically there are three types of activities under the indirect method is shown below:

1. Operating activities: It includes those transactions which affect the working capital, and it records gain or loss on sale of the assets. Increase in current assets and decrease in current liabilities would be subtracted and the decrease in current assets and increase in current liabilities would be added

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

So, the item categorization under each activities are shown below:

a. Cash sale of land  - Investing activity (I) (+)

b. Issuance of long-term note payable in exchange for cash  - Financing activity (F) (+)

c. Depreciation of equipment  - Operating activity (O) (+)

d. Purchase of treasury stock  - Financing activity (F) (-)

e. Issuance of common stock for cash  - Financing activity (F) (+)

f. Increase in accounts payable  -   Operating activity (O) (+)

g. Net income  - Operating activity (O) (+)

h. Payment of cash dividend  - Financing activity (F) (-)

i. Decrease in accrued liabilities  - Operating activity (O) (-)

j. Loss on sale of land  - Operating activity (O) (+)

k. Acquisition of building by issuance of notes payable  - Non-cash investing and financing activity (NIF) as no cash transactions involves

l. Payment of long-term debt  - Financing activity (F) (-)

m. Acquisition of building by issuance of common stock  -  Non-cash investing and financing activity (NIF) as no cash transactions involves

n. Decrease in accounts receivable  - Operating activity (O) (+)

o. Decrease in inventory  - Operating activity (O) (+)

p. Increase in prepaid expenses - Operating activity (O) (-)

8 0
3 years ago
Explain why supply and price are positively related
pishuonlain [190]

Answer:

see below

Explanation:

A positive correlation signifies that an increase in one variable results in the other variable moving in the same direction. Because supply and price are positively correlated, a price increase will increases supply. The opposite is also true.

Suppliers are business people whose main objective is to make profits. Higher prices give higher margins. Suppliers make higher profits when prices are high. The possibility of making higher profits motivates suppliers to increase supplies to the market. On the other hand, low prices may result in losses. When prices are low, supplies will shy away from the market to avoid making losses.

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3 years ago
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