Simple Linear Regression Model 1. The following data represent the number of flash drives sold per day at a local computer shop and their prices. | Price (x) | Units Sold (y) | | $34 | 3 | | 36 | 4 | | 32 | 6 | | 35 | 5 | | 30 | 9 | | 38 | 2 | | 40 | 1 | | a. Develop as scatter diagram for these data. b. What does the scatter diagram indicate about the relationship between the two variables? c. Develop the estimated regression equation and explain what the
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comprehensive income PURPOSE AND SCOPE .01 This Section establishes standards for reporting and display of comprehensive income. It does not address issues of recognition or measurement for comprehensive income and its components. .02 This Section does not apply to not-for-profit organizations (see FINANCIAL STATEMENT PRESENTATION BY NOT-FOR-PROFIT ORGANIZATIONS‚ Section 4400). DEFINITIONS .03 The following terms are used in this Section with the meanings specified: (a) Comprehensive income is the
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Introduction The income smoothing literature has been the centre of attention in the accounting world for the past few decades. When companies experience economic turbulence due to a poor performance year‚ they turn to the accounting management department to resolve the bottom line. A strategy that managers can approach is changing the true information content of the company. As a result this has led managers to resort to smoothing their income. Many questions have been raised whether or not it
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INCOME TAX NOTES Residential Status and Incidence of Tax According to Section 5 of the Income Tax Act the scope of total Income of an assessee depends on his residential status.On the basis of residential status assessee are classified under the following two categories: 1. Resident 2. Non-resident. As per as resident individuals and Hindu Undivided Families are concerned‚ they can be further divided into two categories: 1. Ordinarily Resident 2. Not ordinarily Resident. Residential
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Definition of Tax “Taxes are compulsory payment to government without expectation of direct return in benefit to the tax payer” According to section 2 (62) of the ITO (Income Tax Ordinance) 1984: “Tax means the income tax payable under ordinance and includes any additional tax‚ excess profit tax‚ penalty‚ interest‚ fees or other charges leviable or payable under this ordinance.” Characteristics of Tax i. Tax is a payment to the government by the people. ii. Payment of taxes is non-penal
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The passing of a state income tax limit takes several different factors into discussion. The consequences of passing a state income tax need to be carefully deliberated before considering adoption. Many major actors in state politics affect the process of adopting an income tax limit as well. The state legislature has an important role in creating the tax and expenditure limit‚ while the state governor is able to use several different methods to veto or block the limit that the legislature suggests
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Income Inequality Gap Over the years America’s inequality income gap has been growing‚ between the rich and the poor. There are many reasons why this is happening. Andrew Carnegie‚ John Kenneth Galbraith and Joseph Stiglitz may agree with me‚ but believe there are different reasons why and how it should be dealt with. I would have to say that I agree that Galbraith’s idea is what is better for America now. In the essay “The Gospel of Wealth” Andrew Carnegie says that the rich should invest
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healthcare‚ income inequality and poverty. Time to time changes in policies have been made‚ perhaps to improve these issues‚ however‚ the gap between rich and poor keeps increasing and there is very little improvement in healthcare and the economy. In fact‚ healthcare keeps on becoming costly. Major issues like income inequality and poverty are not being taken care of by the government. According to Dr. Raphael (2002) poverty is caused by several reasons such as inequality in people’s income‚ weak social
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underperforming most other developed countries in areas such as income security
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Budget Summary My perception of quality of life changed dramatically during this project. Living at a low income wage was a difficult thing to do especially at $26‚560 a year. Living with all of the basic necessities took up a large portion of my paycheck. At a wage where my wife and I are barely getting our family by is stressful on many levels. I was trying to find the best deals on food and after school care without sacrificing quality and health. Cheaper food was not nutritional so I had to
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