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Statistical sampling techniques and methodologies are used in many facets of its mission by the U.S. Census Bureau (USCB) and is among the most famous users of sampling methodologies. Not only is the USCB charged with the constitutional responsibility of counting our numbers every ten years, they are also charged with projecting our numbers into the future. Although sampling techniques are not constitutionally allowed for a current census, the USCB is unquestionably one of the biggest users of valid sampling techniques to perform its additional functions. Population projections shown on the USCB web site provides significant information regarding our future population. Navigate to the USCB's website (https://www.census.gov/) and locate the report Methodology and Assumptions for the Population Projections of the United States: 1999 to 2100, by Frederick W. Hollmann, Tammany J. Mulder, and Jeffrey E. Kallan. Answer the following questions from the information shown in this report: 1.The authors of the paper make assumptions about the U.S. population on three dimensions. What are the three dimensions? (Hint: The authors refer to these dimensions as "components of change.") 2.What is the expected population of the U.S. in 2050 given the new series (i.e., based on 1998 data) based on the lowest series? The middle series? And the highest series? 3.What do the lowest, middle, and highest series represent? 4.Why do you think that it is not constitutional to use sampling techniques to count our current census? If we trust sampling in an audit population, wouldn't the math hold up for the census itself?
Suppose Company A places an order with Company B on May 12. On May 14, Company B ships the ordered goods to Company A with terms FOB destination. The goods arrive at Company A on May 17. Company A begins selling the goods to customers on May 19 an..
What is the difference between Kamath's and Gehr's required rates of return? (Hint: First, find the market risk premium, then find required returns on the stocks.)
The cash register tape for Leprechaun Industries reported sales of $7,783.12. Record the journal entry that would be necessary for each of the following situations: (a) Cash to be accounted for exceeds cash on hand by $52.60.
Allowance for Doubtful Accounts prior to adjustment has a credit balance of $16,000. After all necessary adjusting entries are made, the balance in Allowance for Uncollectible Accounts will be:
Smelling Company declared a 2-for-1 stock split on its common stock in order to intentionally reduce the market value of its stock so that it would be an attractive investment for a larger set of investors.
Chuck contributed cash of $30,000 and land with a basis of $40,000 (fair market value of $70,000). Greg contributed cash of $60,000 and a fully depreciated property ($0 basis) valued at $40,000. Which of the following tax treatments is not correct..
Assuming a beginning inventory of raw materials of $8,000 and an ending inventory of raw materials of $6,000, direct labour must have totaled.
evaluate the methodology for assessing the execution of a balanced scorecard system. Describe the techniques you would employ to determine the effectiveness of a balanced scorecard in your organization.
During 2013, Rachel Parkins, president of Mathieson Company, was paid a semimonthly salary of $6,800. Compute the amount of FICA taxes that should be withheld from her:
The partnership still has a $75,000 gain on the sale of the land, but Pedros $25,000 share is eliminated by the 754 adjustment to the basis of the land.
Morgan Entertainment has a levered beta of 1.20. The firm's capital structure consists of 40% debt and 60% equity and it has a corporate tax rate of 40%. What is Morgan's unlevered beta?
Phillips Company bought 40 percent ownership in Jones Bag Company on January 1, 20X1, at underlying book value. In 20X1, 20X2, and 20X3, Jones Bag reported net income of $8,000, $12,000, and $20,000
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