According to the Fisher hypothesis, if the real interest rate is 5 percent and the inflation rate rises from 2 percent to 4 percent, then the nominal interest rate will ____ percentage points and the real interest rate will change by ____ percentage points.
A. rise by 0; ?2
B. fall by 2; ?2
C. rise by 2; 0
D. fall by 1; 1
Answer: C
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Pasko Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: ?Total direct labor-hours30,000?Total fixed manufacturing overhead cost$258,000?Variable manufacturing overhead per direct labor-hour$2.00Recently Job P660 was completed with the following characteristics:?Number of units in the job50?Total direct labor-hours250?Direct materials$645?Direct labor cost$10,000Required:Calculate the selling price for Job P660 if the company marks up its unit product costs by 20%.
What will be an ideal response?
A currency board exists when a country's central bank commits to back a fraction of its money base with foreign reserves at all times
Indicate whether the statement is true or false.
Answer the following statement(s) true (T) or false (F)
1. You draw a sample of n = 64 from a population where ? = 36 and ? = 4. If s = 5 and x ? = 36, z = .06. 2. You draw a sample of n = 17 from a population where ? = 4. If x ? = 3 and s = 4, t = -.82. 3. You draw a sample of n = 21 from a population where ? = 3 and x ? = 6 and s = 5, t = 2.75. 4. If you run a non-directional z-test and find that z = 1.68, you should reject the null. 5. If you run a two-tailed one-sample t-test where n = 12 and find that t = 2.57, you should reject the null.
A sample of 144 cans of coffee showed an average weight of 16 ounces. The standard deviation of the population is known to be 1.4 ounces
a. Construct a 68.26% confidence interval for the mean of the population. b. Construct a 97% confidence interval for the mean of the population. c. Discuss why the answers in Parts a and b are different.