ECONOMETRICS: PS5 PROBLEM SET 5: ESTIMATION PROBLEMS 1 We have the following variables: Y: Food expenditure in USA. X: Family income. P: Price index. Two different regressions are estimated with the following estimation results (standard errors are in brackets): Coefficient for Regression X Y/P Y / X; P 0.112 (0.003) Coefficient for P 2.462 (0.407) -0.739 (0.114) Determination coefficient 0.614 0.978 Assuming that the true equation for Y includes both X and
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(rounded) 13‚333 pairs × $30.00 per pair = $400‚000 in sale 1. Net operating income or loss for 12‚000 pairs of shoes: Sales $360‚000 Variable Expenses ($216‚000) Contribution Margin $144‚000 Fixed Expenses ($150‚000) Net Operating Loss ($6000) 2. Break even point in dollar sales for 12‚000 pairs: Fixed expenses / CM ratio = $150‚000 / 0.40 = $375‚000 3. Break even point in unit sales for 12‚000 pairs: Fixed expenses / unit CM = $150‚000 / $12 = 12‚500 * Refer to the original data. As
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Wiley Plus Wk 2 Ex & Prob ACC/291 August 6‚ 2012 Wiley Plus Wk. 2 Ex & Prob E8 – 3 Date | Account Titles and Explanation | Debit | Credit | 31 – Dec. | Bad Debts Expense Accounts receivable-Fell | 1‚400 | 1‚400 | | | | | 31 – Dec. | Bad Debts Expense (840‚000 – 30000)*1% Allowance for Doubtful accounts | 8‚100 | 8‚100 | | | | | 31 – Dec. | Bad Debts Expense Allowance for Doubtful Accounts (120‚000*10%)-2100 | 9‚900 | 9‚900 | | | | | 31 – Dec.
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Problem Set 1 1. (Star Wars) Real GDP = 461.0(214.5/60.6) = 1‚631.76 (E.T.) Real GDP = 399.9(214.5/96.5) = 888.90 (Titanic) Real GDP = 600.8(214.5/160.5) = 802.94 (Shrek 2) Real GDP = 437.2(214.5/188.9) = 496.45 (Avatar) Real GDP = 760.5(214.5/214.5) = 760.5 Real GDP in Order of Largest to Smallest Movies Nominal Box Office Receipts (millions) CPI in Year Released Real Box Office Receipts (millions) Star Wars (1977) 461.0 60.6 1‚631.76 E.T. The Extra-Terrestrial (1982) 399.9 96.5 888.90 Titanic
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Name: _______________________ Team: _______________________ AP Macro Problem Set #2 Unit 2: Measurement of Economic Performance 1. (_____/15) Article Analysis Read each of these current articles and identify three different concepts we learned that are mentioned. Define and summarize what is being said for each concept that you identify. a. GDP Article (_____/5) b. Unemployment Article (_____/5) c. Inflation Article (_____/5) 2. ( ____/15 Points) Gross Domestic Product a. Define GDP‚ identify what is not included
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Determining Data Base and Data Base Communication BIS/320 January 28‚ 2013 Scenario 1: The approach to running a trade show booth is to remember specific details in mind about the components‚ equipment and each and every item that is to be transported to back to the head office‚ at the closing of the booth. We are in charge of setting up a consumer electronics trade show mainly consisting of products including dry batteries‚ cell phones‚ laptops‚ computer accessories‚ phone
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In this paperwork of SOC 308 Week 4 DQ 2 The Cosmic Race you will find the next information: Jose Vasconcelos proposed the assimilation of ethnic groups in Mexico into a new "cosmic race." This concept is discussed in the readings as well as in The Cosmic Race. More information can be found with a web search. After reviewing your text‚ the linked document above‚ and others found in your web search‚ describe what Jose Vasconcelos means by a cosmic race and then evaluate the cultural ramifications
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Chap 17‚ Prob B1 A. Bixton’s objective is to achieve a credit standing that falls‚ in the words of the chief financial officer‚ “comfortably within the ‘A’ range.” What target range would you recommend for each of the three credit measures? To remain within the ’A’ range the following is recommended Fixed Charge Coverage 3.00–4.30 Funds From Operations/Total Debt 45%–65% Long-Term Debt/Capitalization 22%-32% So to be comfortably within the range A the company should try to maintain
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Identification of Business Opportunity Project ??? BUS 362 Introduction to Entrepreneurship ???? Instructor July 16‚ 2013 A small business I have been considering is a sole proprietorship and will sale pacific sea salt. Sea salt is naturally extracted from the ocean in the Pacific Ocean off the coast of California. Many years ago‚ when I was a kid I went to Mexico regularly to surf the coast off Baja California. There was plenty of fish to catch and there is a way of cooking a
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Problem Set 1 Complete all questions listed below. Clearly label your answers. 1. The receipts and year of release of the five movies with the largest nominal box office revenues‚ along with the CPI data of each year are presented below. Assuming that the receipts for each of the movies were derived during their year of release‚ convert the receipts for each to real dollars for the year 2010 (2010 CPI 230.1). Put the movies in order from largest to smallest real box office receipts and show
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