User Account

All Pages

What problems might occur if this model were used

Assignment Help Managerial Accounting
Reference no: EM13974062

Each American family is classified as living in an urban, rural, or suburban location. During a given year, 15% of all urban families move to a suburban location, and 5% move to a rural location; also, 6% of all suburban families move to an urban location, and 4% move to a rural location; finally, 4% of all rural families move to an urban location, and 6% move to a suburban location. 

(a) If a family now lives in an urban location, what is the probability that it will live in an urban area two years from now? A suburban area ? A rural area ? 

(b) Suppose that at present, 40% of all families live in an urban area, 35% live in a suburban area, and 25% live in a rural area. Two years from now, what percentage of American families will live in an urban area? 

(c) What problems might occur if this model were used to predict the future population distribution of the United States? 

Reference no: EM13974062

Questions Cloud

The power and promise of ecological feminism : In her essay on The Power and Promise of Ecological Feminism Warren compares the domination of nature with the domination of women. Does she present a coherent environmental ethic? Do you agree it "holds great promise" for humanity? Please be detaile..
Can standard costing be used in job order costing : Can standard costing be used in job-order costing? If so, what conditions must exist? If not, explain why.
Bullard argues that unequal environmental protection : Bullard argues that unequal environmental protection undermines three basic types of equity- procedural, geographic, and social. Defend or refute his environmental ethic using the assigned readings
What does it mean if a cell expressing a transcription fact : What does it mean if a cell expressing a transcription factor dies in low levels of the 3AT inhibitor?
What problems might occur if this model were used : What problems might occur if this model were used to predict the future population distribution of the United States?
Biological basis for assigning all human populatations : What is the biological basis for assigning all human populations to the same species?  Can you think of a scenario by which a second human species could originate in the future? in two paragraphsthe answers should be indistinct from what is typical f..
What conclusion can you draw when comparing : (4 points). What conclusion can you draw when comparing the total landed or delivered cost to the original purchase cost?
In what ways might have both cyanobacteria : In what ways might have both cyanobacteria and early eukaryotes benefitted from the process of endosymbiosis?
How should the government and producers balance safety : How should the government and producers balance safety  i.e. carefully assessing the vaccine so that few unintended consequences occur versus speed of getting the vaccine to patients?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Estimate of the total variable cost per unit

The company's degree of operating leverage is 8. At this sales level, fixed expenses - Estimate of the total variable cost per unit?

  Tds company uses a perpetual inventory system

TDS Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for April.

  Describe a financial based responsibility accounting system

What are the two dimensions of the activity- based management model? How do they differ? Describe a financial (functional)-based responsibility accounting system.

  Job costing in service organization

For August, Busters Consulting and Mediation Practice(BCMP) worked 900 hours for Quebec company and 2,100 hours for Ontario Corporation. BCMP bills clients at rate of $300 per hour

  What is the companys contribution margin ratio

At a volume off 15,000 units, a company's reported sales revenues of $600,000, variable costs of $225,000 and fixed costs of $120,000. What is the company's contribution margin ratio?

  Implementing strategic management accounting system

During the recession, the company suffered losses and it was pointed out that the lack of management accounting system was one of the reasons. Implementing Strategic Management Accounting system has been given in the solution

  Questions of cvp

The rapid meal has two restaurants that are open 24 hours. Fixed costs for the two restaurants together total $450,000 per year. Service varies from a cup of coffee to full meals.

  Prepare the company cash budget for the upcoming fiscal year

Prepare the company's cash budget for the upcoming fiscalyear

  What are the cash collections budgeted for june

What are the cash collections budgeted for June?A) $150,500B) $193,500C) $123,500D) $204,000

  Accountants and other members of the management team

accountants and other members of the management team searching for means of understanding and improving standard

  Measurement in the context of accounting

Measurement in the context of accounting The diverse measurement methods developed for different kinds of assets propose that standard setters are confused regarding the nature of the attribute which is to be measured

  Small dreams management control systems

Identify the main problem and issues. Identify the main problems with Small Dreams' management control systems and operations.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd