(Solution) An experiment involves selecting a random sample of 256 middle managers. We would like to know the mean salary (annual income). > Snapessays.com


(Solution) An experiment involves selecting a random sample of 256 middle managers. We would like to know the mean salary (annual income).


An experiment involves selecting a random sample of 256 middle managers. We would like to know the mean salary (annual income). The sample mean salary is 45,000, and the sample standard deviation is $2,000. Calculate the 95% confidence interval, showing the confidence limits. Hint, because the sample size is greater than 30, we use the Z factor for 95%. INCLUDE AN EXCEL SPREADSHEET SHOWING YOUR WORK TO CALCULATE THE 95% CONFIDENCE INTERVAL. You can use Excel functions, or show your work manually using the Confidence Interval formula shown on page 306 of the Doane & Seward text. (Formula 8.6). You better look in the text, it does not paste well here. And the text also provides the Z factor for this 95% problem. https://www.coursehero.com/tutors-problems/Business/8211610 8211610 You should complete it after completing your course work for Units 4, 5, and 6. Answer each question clearly and concisely. GM announced that it... I need answers for the attached document. My schedule is absolutely crammed at the moment. Thank you in advance for any help.Economics 248 Assignment 2 (version A) This assignment has a maximum total of 100 marks and is worth 10 percent of your total grade for this course. You should complete it after completing your course work for Units 4, 5, and 6. Answer each question clearly and concisely. 1. GM announced that it will close its Oshawa truck plant in 2009 and a Windsor transmission plant in 2010. Ford also plans a 10 percent cut in white-collar, salaried positions. In total, over 4000 direct jobs will be lost. This is chilling news for Ontario because for every job in an assembly plant, there are 7.5 jobs with auto-parts suppliers and other companies. Using appropriate diagrams, answer the following questions. (10 marks) a. Is there a trade-off between the unemployment rate and the inflation rate in the short run? How can the Phillips curve be used to answer this question? b. What is the relationship between the Phillips curve, aggregate demand, and aggregate supply? c. If the unemployment rate and inflation are both rising, can this be explained by a movement along a given Phillips curve? What must be happening to aggregate demand and aggregate supply? What must be happening to the Phillips curve? d. If the Bank of Canada continues to take expansionary monetary policy, how are the unemployment rate and inflation affected? (Use both Phillips curve and AS-AD graphs in your explanation.) e. Is there a trade-off between the unemployment rate and inflation in the long run? How is the long-run aggregate supply curve related to the long run Phillips curve? 2. a. Distinguish between monetary policy instruments and monetary policy tools. (5 marks) b. Describe any two key tools of monetary policy, and describe how they would be used to implement expansionary monetary policy. (5 marks) 3. If the Bank of Canada sells $100 million worth of bonds to the public in an open market operation, what is the change in quantity of money that will eventually result? Assume that the currency drain is 0.15 and the desired reserve ratio is 0.05, and show your calculations. (10 marks) https://www.coursehero.com/tutors-problems/Business/8211614 8211614 refer to the above table. the government would likely challenge a merger between: refer to the above table. the government would likely challenge a merger between: https://www.coursehero.com/tutors-problems/Business/8211616 8211616 Sophisticate, Inc., a distributor of jewelry throughout California, is in the process of assembling a cash budget for the first quarter of 20X1. 5. Sophisticate, Inc., a distributor of jewelry throughout California, is in the process of assembling a cash budget for the first quarter of 20X1. The following information has been extracted from the company's accounting records:      All sales are on account. 60% of customer accounts are collected in the month      of sale; 35% are collected in the following month. Uncollectibles amounting to

 

     5% of sales are anticipated, and management believes that only 20% of the

 

     accounts outstanding on Dec. 31, 20X0, will be recovered and that recovery

 

     will be in January 20X1.

 

 

     70% of the merchandise purchases are paid for in teh month of purchase; the

 

     remaining 30% are paid for in teh month after acquisiton.

 

 

     The December 31, 20X0, balance sheet disclosed the following selected

 

     figures: cash, $60,000; accounts receivable, $165,000; and accounts

 

     payable, $66,000.

 

 

     Sophisticates, Inc. maintains a $60,000 minimum cash balance at all times.

 

     Financing is available (and retired) in $1,000 multiples at an 8% interest rate,

 

     with borrowing taking place at the beginning of the month and repayments

 

     occuring at the end of the month. Interest is paid at the time of repaying

 

     principal and computed on the portion of principal repaid at the time .

 

 

Additiona data:

 

 

                                           Jan.            Feb.               March

 

  

 

Sales revenue                   $450,000     $540,000        $555,000

 

Merchandise purchases        270,000       300,000          420,000

 

Cash operating costs             93,000        72,000           135,000

 

Proceeds from sale of equp.                                           15,000

 

 

 

Required:

 

 

1. Prepare a schedule that discloses the firm's total cash collections for January through March

 

 

 

Cash Sales

 

 

 

 

 

 

 

 

2. Prepare a schedule that discloses the firm's total cash disbursements for January through March

 

 

3. Prepare a schedule that discloses the firm's cash needs, if any, for January through March. The schedule should present the following information in the order cited: Beginning cash balance, total receipts, total payments, the cash excess (deficiency) before financing, borrowing needed, if any, loan principal repaid, if any, loan interest paid, if any, and ending cash balance.

 


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