Run a bivariate regression of median house value (medv, in thousands of $) on lower Socio-Economic Status (lstat, percent of population). The effect of a 1 percentage point increase in low SES on median house value is $__________ k.

Use coeftest(), which gets loaded with the AER package, with the argument vcov. = vcovHC to obtain robust standard errors. The ratio of the robust standard error on the slope of this bivariate model to the homoskedastic form of its standard error (ie dividing the robust standard error by the non-robust standard error) is _________.

Looking at a scatterplot of the median house value vs SES, it appears that there might be a non-linear relationship between the two variables. When you run a bivariate regression of median house value on log(SES), R^2 increases over your unlogged bivariate regression by ______.

Use the formula medv ~ poly(lstat,2) to fit a quadratic, medv ~ poly(lstat,3) to fit a cubic and so on. You can graph it in ggplot using geom_smooth and the arguments method=lm and that same formula string. What's the highest order polynomial before the fitted curve is non-monotonic within the range of the data?

Using the formula = medv ~ . will run a kitchen sink regression because R interprets that . to mean every other variable in the data set (although it does not include transformations, polynomial expansions, or interactions). The p-value of the least significant regressor for that kitchen sink specification is _______.

1. Base on your understanding of time value of money, should the Board of Directors of the University approve this proposal (support your decision with computations)? 20 points

2. What is the actual return on this proposal (show your computations)? 15 points

3. Add any other explanation to support your conclusion with facts using what you learned from this course and any other alternative methods. 15 points

Hermad At Terkait ACCT 201 29 - October - Inventory Questions for Practice 1. Use the following information to answer question la, b & c. A company has inventory of 10 units costing $7 each on June sold 22 units in June 1". On June 23" it purchased 20 units at $10 each, and on June 30" it purchased 15 units at $12 each. The company Date No. Units Unit Cost Total By 23 20 15 7 45-10) la. Using LIFO determine the cost of the 22 units sold (show your calculations) LIFO Jun 30 15@ $2 L 70 Answer: The CGS Is $.. 15.2. 1b. Using FIFO determine the cost of the 22 units sold [show your calculations) 5 70 12 @ $10 4 120 CO45 = $190 Answer: The CGS is $ 1.1 12.. le. Using Weighted Average determine the value of ending inventory (show your calculations] Answer: The value of ending inventory is 5.. 2. BEC Co. uses the weighted average method to account for inventory. BEC's inventory on Nov 1" was 100 units at $20 each During Nov. BEC made the following purchases: Nov 5* 100 units at $22 each; Nov 19 50 units at $23 each; Nov 28* 50 units at $25 each. BEC sold 200 units during November. Determine the value of the ending inventory. A. $2,000 B. $2,200. C. $2,250. D. $2,400. E. $4,400.6. Explain clearly why FIFO produces higher income during a period of inflation. Daring times at inflation, FIFO tends to increase net income out time by lowering the cost 7. The inventory valuation method that has the advantages of assigning an amount to inventory on the balance sheet that approximates it's current cost, and also mimics the actual flow of goods for most businespes is: A. FIFO. B. Weighted average. C. LIFO. D. Specific identification. E. All of these 8. For 1 mark, which of the following statements is true? Whether prices are rising or falling, FIFO always will yield the highest gross profit and net income. In a period of rising prices, FIFO usually gives a lower taxable income. During inflation FIFO satisfies the matching principle better than LIFO. During inflation the value of inventory using LIFO is often less than the inventory's replacement cost. Errors in the period-end Inventory balance only affect the current period's records and financial statements 9. LIFO and FIFO are two methods used to determine CGS and ending inventory. a. Which of these two methods best meets the matching principle during a period of rising prices? Answer: mumu b. Clearly explain how the method you have cited in your answer to "a' above best meets the matching principle.Joan Joan, a second hand bookseller, has been in business for two months. In this time she: (1) Paid in cash $5,000 as capital (2) Took the lease of a stall and paid two months' rent. The annual rental was $1,200 (3) Purchased, on credit from J Fox, books at cost of $825 (4) Spent $420 cash on the purchase of other books from W Smith (5) Paid an odd-job man $75 to paint the exterior of the stall and repair a broken lock ) Put an advertisement in the local paper at a cost of $10 (7) Sold three volumes containing The Complete Works of Shakespeare to an American for $60 cash (8) Sold six similar sets on credit to a local school for $300 (9) Paid J Fox $525 on account for the amount due to him (10) Received $200 from the school (11) Purchased cleaning materials at a cost of $ 10 and paid a char lady $30 (12) Took $ 100 from the business to pay for her own personal expenses (13) Made other cash sales during the two months of $ 1,500 (14) All books had been sold by the end of two months Required (a) Write up the relevant ledger accounts for these transactions. ( b) Balance off all of the ledger accounts. (C) Prepare a trial balance, a statement of profit or loss and a statement of financial position.Research conducted among employees of Tupperware, an age-old brand of plastic storage containers. found that their female employees of all ages thought that Tupperware was a hip and contemporary brand. An independent research group, however, conducted a large scale, national study and found that Tupperware's image was anything BUT hip and contemporary. What can we say for certain is true? 1} Tupperware didn't ask their employees the right question. 2} The independent research group was hired by the competitors and had an axe to grind. 3] The internal Tupperware research ndings lacked external yalidity. 4} The internal Tupperware research was not analyzed correctly. 5} 1 and 4 only Which of the following is a contrast between Aquinas' conception of virtue and contemporary empirical theories of self-transcendence, according to Vogler? O Aquinas thinks that virtue is unimportant, whereas contemporary empirical researchers tend to hold that self-transcendence is important. For Aquinas, the exercise of virtue does not require a self. For many empirical researchers, a self must be there in order for one to transcend it. O Aquinas holds that the self can only be transcended if one conceives of one's virtuous activity as conforming to a narrative structure. Contemporary empirical researchers tend to argue that narratives are obstacles to self- transcendence. O For many empirical researchers, self-transcendence involves a peak experience. For Aquinas, there is not particular kind of experience associated with virtue