There has been much interest in whether the presence of 401(k) pension plans, available to many U.S. workers, increases net savings. The data set 401KSUBS.RAW contains information on net financial assets (nettfa), family income (inc), a binary variable for eligibility in a 401(k) plan (e401k), and several other variables. a. What fraction of the families in the sample are eligible for participation in a 401(k) plan? b. Estimate a linear probability model explaining 401(k) eligibility in terms of income, age, and gender.
Answers
The coefficients (β1, β2, β3) will indicate the direction and magnitude of the relationships. Remember to assess the statistical significance of your coefficients, along with other diagnostic tests to ensure the model's validity.
a. To find the fraction of families in the sample that are eligible for participation in a 401(k) plan, you can use the following formula:
Fraction eligible = Number of families eligible / Total number of families
You can find the number of families eligible by counting the number of observations in the data set where the binary variable for eligibility in a 401(k) plan (e401k) equals 1. You can find the total number of families by counting the total number of observations in the data set.
b. To estimate a linear probability model explaining 401(k) eligibility in terms of income, age, and gender, you can use the following equation:
e401k = β0 + β1*inc + β2*age + β3*gender + ε
where e401k is the binary variable for eligibility in a 401(k) plan, inc is family income, age is age of the head of the household, gender is a binary variable indicating male or female, and ε is the error term.
You can use a regression analysis to estimate the values of β0, β1, β2, and β3, and to test the statistical significance of each variable. This will give you an idea of how much each variable contributes to 401(k) eligibility, and whether the relationship is positive or negative.
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Related Questions
An investment of $4068.75 earns interest at 6% per annum compounded monthly for 4 years. At that time the interest rate is changed to 1.5% compounded annually. How much will the accumulated value be 3 years after the change?
Answers
The accumulated value 3 years after the change will be $5,497.51.
For the first 4 years, the investment earns interest at a rate of 6% per annum compounded monthly. Using the formula for compound interest, we can calculate the accumulated value after 4 years to be $4,068.75 * (1 + 0.06/12)^(4*12) = $4,835.47.After 4 years, the interest rate changes to 1.5% compounded annually. To find the accumulated value 3 years after the change, we can apply the formula for compound interest again. The investment has now grown to $4,835.47, and we calculate the accumulated value after 3 years at the new interest rate to be $4,835.47 * (1 + 0.015)^3 = $5,497.51.Therefore, the accumulated value 3 years after the change will be $5,497.51.
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Which of the following is not a step in the decision making process
a.Identify Choices
b. MAKE a decision
c.Consult a career coach
d. DEFINE your needs and wants
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Career Coach is wrong (Pretty sure)
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
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For 2019, Gourmet Kitchen Products reported $22.5 million of sales and $17 million of operating costs (including depreciation). The company has $15 million of total invested capital. Its after-tax cost of capital is 10% and its federal-plus-state income tax rate was 25%. What was the firm's economic value added (EVA), that is, how much value did management add to stockholders' wealth during 2019? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.
Answers
Answer: $2,625,000
Explanation:
From the question, we are told that
Gourmet Kitchen Products reported $22.5 million of sales and $17 million of operating costs which included depreciation and that the company has $15 million of total invested capital. We were also given the after-tax cost of capital as 10% and the federal-plus-state income tax rate as 25%.
The economic value added will be the difference between the net operating profit after taxes and the invested capital which will then be multiplied by the cost of capital. This can be written as:
= ($22,500,000 - $17,000,000) × (1 - 25%) - ($15,000,000 × 10%]
= ($5,500,000 × 0.75) - ($1,500,000)
= $4,125,000 - $1,500,000
= $2,625,000
The firm's firm's economic value added (EVA) will be $2,625,000
Select the correct answer. What are the definitive characteristics of SER demand? A. regular, high average spend B. seasonal, fickle, multi-faceted, increasingly global C. open to direct manipulation through promotions, high average spend D. irregular, low average spend
Answers
The definitive characteristics of SER demand are regularity and a high average spend. This means that customers who are part of SER demand exhibit a consistent pattern of purchasing behavior, and tend to spend more than the average customer. These customers are typically loyal to a particular brand or product, and are unlikely to switch to competitors unless there is a significant change in the product or service they are using.
Option B describes demand that is seasonal, fickle, multi-faceted, and increasingly global. This type of demand is characterized by fluctuations in purchasing behavior, and customers who may be more difficult to predict. They may be swayed by promotions or other external factors, and tend to have a wider range of preferences.
Option C suggests that SER demand can be manipulated through promotions, and also involves a high average spend. While promotions and other marketing tactics may be effective in influencing SER demand, it is important to note that these customers are already loyal to a particular brand or product.
Option D describes demand that is irregular and has a low average spend. This type of demand is characterized by customers who may make infrequent purchases, or who may spend less than the average customer.
In conclusion, the correct answer to this question is A, as regularity and a high average spend are the definitive characteristics of SER demand.
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when should an event programing be used
Answers
Answer:
The utilization of the given topic is summarized throughout the below section.
Explanation:
Event-driven programming language shall be used if the software doesn't somehow monitor the sequential order of such occurrence.The software circulation or activity was mostly directly guided to an external mechanism like a consumer or client (e.g. a GUI), a whole other method (e.g. a customer or a server).A market is described by the following supply and demand curves: QS = 4P QD = 400−P The equilibrium price is $ and the equilibrium quantity is. Suppose the government imposes a price ceiling of $60. This price ceiling is , and the market price will be $. The quantity supplied will be , and the quantity demanded will be. Therefore, a price ceiling of $60 will result in. Suppose the government imposes a price floor of $60. This price floor is , and the market price will be $. The quantity supplied will be and the quantity demanded will be. Therefore, a price floor of $60 will result in. Instead of a price control, the government levies a tax on producers of $10. As a result, the new supply curve is: QS = 4(P−10) With this tax, the market price will be $ , the quantity supplied will be , and the quantity demanded will be. The passage of
Answers
The equilibrium price of the market described by the given supply and demand curves is $200 and the equilibrium quantity is 200 units.
When the government imposes a price ceiling of $60, it is a legally mandated maximum price that sellers are allowed to charge. This price ceiling is below the equilibrium price and therefore, it will create a shortage in the market. The market price will be $60 and the quantity supplied will be 160 units, while the quantity demanded will be 240 units. Therefore, a price ceiling of $60 will result in a shortage of 80 units.
When the government imposes a price floor of $60, it is a legally mandated minimum price that sellers are allowed to charge. This price floor is above the equilibrium price and therefore, it will create a surplus in the market. The market price will be $60 and the quantity supplied will be 240 units, while the quantity demanded will be 160 units. Therefore, a price floor of $60 will result in a surplus of 80 units.
Instead of a price control, the government levies a tax on producers of $10. This tax will increase the cost of production for the sellers, shifting the supply curve upwards by $10. With this tax, the new equilibrium price will be $190, the quantity supplied will be 180 units, and the quantity demanded will be 220 units.
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What accounts are affected. issued check $644 to pay for an advertisement
Answers
Answer:
Bank and Advertisement accounts
Explanation:
Journal entries
Advertisement A/c Dr $644
To Bank A/c $644
(Being advertisement expenses made by cheque)
Bank and Advertisement accounts are affected
Which of the following statements is true about the outcomes of high-performance work systems?
A. The outcomes of high-performance work systems include high employee turnover.
B. Sales revenues increase the outcomes of high-performance work systems.
C. Clients are the main force that drives the outcomes of a high-performance work system.
D. The outcomes of each employee contribute to a system's overall high performance.
E. Incentives provided to each employee play a big part in contributing to outcomes.
Answers
Answer:
Explanation:
A
The outcomes of high-performance work systems include high employee turnover.
How do individuals & business benefit from
economic freedom?
Answers
Answer:
The benefit are
1. free markets,
2. rule of law,
3. protection of private property,
and
4. open trade—
that boost prosperity and reduce costs
Explanation:
Please mark me as brainlist answer
Which of the following combines a cooktop and oven into one appliance?
Answers
Answer:
A freestanding range, great for both large and small kitchens, combines a cooktop and oven into one versatile appliance. Whether you're baking, roasting, boiling or frying, a range lets you do it all.
If labor is the only variable input of a firm and the marginal product of labor is falling, the firm will always produce
a. more than the profit-maximizing level of output
b. less than the profit-maximizing level of output
c. at a level of output where average total cost is at a minimum
d. at a level of output where marginal costs are rising
e. at a level of output where average variable costs are falling
Answers
The firm will always produce at a level of output where marginal costs are growing if labour is the only variable input in the business and the marginal product of labour is declining.
What occurs if the sole variable in the production process is labour?The short-run marginal cost curve is upward sloping if labour is the only variable input in the manufacturing process because which of the following happens as more and more labour is added? The cost of creating each new unit of output rises because output increases at a decreasing pace.
What happens if the labor's marginal product declines?The firm faces declining marginal returns when the marginal product of labour curve declines, that is, when the marginal product of an additional worker fall short.
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Benson, incorporated manufactures a single product and uses the plantwide overhead rate method. the company's plantwide overhead rate is $25 per machine-hour (mh) used. their single product uses 10,000 mh, has direct material cost per unit of $10.96 and direct labor cost of $3.84 per unit. the total overhead cost is expected to be:
Answers
Benson Inc. employs the plantwide overhead rate technique and produces a single product. A total of $250,000 is anticipated for overhead expenses.
The sum of a company's indirect operating expenses is known as its total overhead costs. These expenses are required for the operation of the business even if they are not directly connected to the creation of a particular item or service. Rent, utilities, insurance, administrative salaries, and office supplies are a few examples of overhead expenses.
Total overhead cost = Predetermined overhead cost × Actual machine hours used
= $25 × 10,000
= $250,000
The direct materials and direct labor per unit will be used to compute the overall production cost per unit.
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arts stream padhne se aacha to python ya java ki book pdf download kar lo usse padh lo
Answers
Answer:
Hahahahahahahha is it that much difficult
before accepting an audit engagement, an auditor should make specific inquiries of the predecessor auditor regarding the predecessor’s
Answers
Which is a cause for quality issues in IS implementation?
Answers
The scope of the project increases due to change requests from clients. Option B is correct
This is further explained below.
What is IS implementation?Generally, A strategy, technique, or any concept, idea, model, specification, standard, or policy for carrying out anything is considered to have been implemented when it is put into action or practiced.
Therefore, the activity that must follow any preparatory thought that is done in order for anything to truly happen is known as implementation.
In conclusion, Changes that were requested by customers resulted in an expansion of the project's scope. Alternative C
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Answer:
The scope of the project increases due to change requests from clients.
Explanation:
Suppose Hondamaha, a motorcycle manufacturing firm headquartered in Japan, builds a production plant in Arizona. This is an example of foreign investment in the United States. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. - Providing tax breaks and patents for firms that pursue research and development in health and sciences - Increasing taxes on income from savings- Protecting property rights and enforcing contracts - Pursuing inward-oriented policies In less developed countries, what does the term brain drain refer to? - Rapid population growth that increases the burden on the system - The emigration of highly skilled workers to rich countries - Lower productivity due to a malnourished workforce - Rapid population growth that lowers
Answers
The following policies are consistent with the goal of increasing productivity and growth in developing countries:
Providing tax breaks and patents for firms that pursue research and development in health and sciencesProtecting property rights and enforcing contractsThe correct options are A and C.
What are productivity and its benefits?Productivity is a metric of economic or business performance that indicates how effectively individuals, businesses, industries, and entire economies convert inputs such as labor and capital into outputs such as goods or services.
Pursuing inward-oriented policies in less developed countries may not be consistent with the goal of increasing productivity and growth, as it can limit access to foreign markets and foreign investment, which can be important sources of capital, technology, and expertise. Increasing taxes on income from savings can also discourage investment and savings, which can reduce economic growth.
Thus, the ideal selection is options A and C.
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if $120,000 is borrowed for a home mortgage, to be repaid at 9% interest over 30 years with annual payments of $11,680.36, how much interest (dollar amount and as opposed to return of capital) is paid in the last year of the loan? hint: what is the amount of loan at beginning of last year?
Answers
As the total interest paid is negative, it implies that no interest was paid during the last year.
$120,000 is borrowed for a home mortgage, to be repaid at 9% interest over 30 years with annual payments of $11,680.36.
The amount of loan at the beginning of the last year is the unpaid balance after the 29th payment has been made.
To find out the amount of loan at the beginning of the last year, we must use the following formula:
Loan balance = P [(1 + r)n - (1 + r)p] / [(1 + r)n - 1],
Where P = Loan amount = $120,000
r = rate of interest per year = 9% / 100% = 0.09
n = total number of payments = 30 × 1 = 30
p = number of payments made = 29 × 1 = 29
We get the loan balance as:
Loan balance = $120,000 [(1 + 0.09)^30 - (1 + 0.09)^29] / [(1 + 0.09)^30 - 1]
= $12,78,924.22
Thus, the amount of loan at the beginning of the last year is $12,78,924.22.
The annual payment is $11,680.36, so the total payment made over the loan's last year would be $11,680.36.
The amount of interest paid in the last year of the loan is calculated as follows:
Total interest paid = Total payments made - Balance at the beginning of the last year
Total interest paid = $11,680.36 - $12,78,924.22
Total interest paid = -$12,767,243.86
As the total interest paid is negative, it implies that no interest was paid during the last year.
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During the two years he has been working, Jeffrey has saved some money to buy a house. His parents have agreed to loan him part of the down payment, and he has started to look for a house he can afford. He discovered a great house that has two apartments in it. He has looked at all the information carefully, done his budget, and thinks he can afford the house because he will live in only part of it and will rent out the other half. If Jeffrey buys this house, lives in the apartment upstairs and rents out the apartment downstairs, which of the following is true?
Answers
Answer:
you have to give "the following"
An amortized loan is repaid with annual payments which start at $400 at the end of the first year and increase by $45 each year until a payment of $1,480 is made, after which they cease. If interest is 4% effective, find the amount of principal in the fourteenth payment
Answers
If the amortized loan repaid annually with $400, with interest of $45 and rate of 4 percent, the amount of principal in the last month is $530.18
How to solve for the principal amountPayment at the end of year 1 = 400
Year increments = 45
Last Payment made = 1480
years left after first payment
\(\frac{1480-400}{45} = 24\)
= (1480 - 400) / 45 = 24
Length of the loan = 24 plus 1 = 25 years( the 25th year payment is 1480)
The payment made in the 14th year
400 + (13x45)
= 985
Calculation of Loan balance After 13 Years
25 - 13 = 12
formula for the present value of the loan = P*[1 - (1+r)^-n / r ] + G*[ ((1+r)^n - 1 / r^2*(1+r)^n) - n / r*(1+r)^n ]
P = amount of loan In 14th Year
= 985
r = 4%
n = Number of years = 12
G = 45
We have to put the values in the formula
present value loan balance = 985*[1 - (1+4%)^-12 / 4% ] + 45*[((1+4%)^12 - 1 / 4%^2*(1+4%)^12) - 12 / 4%*(1+4%)^12 ]
Balance after a period of 13 years = 11,370.45
Amount of interest to be paid in the 14th period = Loan balance * Interest rate
= 111370.45 x 0.04
= $454.82
Principal amount = Payment - Interest
Payment = 985
P = 985 - 454.82
Therefore the Principal is = $530.18
The amount of principal after the 14th payment is $530.18
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Marcus set a goal to buy a used car in the next few months. He plans to make a $2,500
down payment and has already saved $1,300. If he can save $150 each month for this goal
to buy a car, how long will it take him to save the entire $2,500?
Answers
What are some of the benefits of planning ahead and being prepared?.
Answers
Planning ahead allows you to know your personal desires and can save your family from making difficult decisions during times of extreme stress or grief.
Advanced Planning ahead allows you to know your personal needs and can protect your family from difficult decisions during times of extreme stress and grief. By planning ahead, you can carefully consider all decisions and discuss them with your family.
Why is it important to plan ahead in business?According to the Management Study Guide, plans help companies identify their goals. Preparing for the future allows leaders to consider the impact they want to have on their organization and identify a path to get there.
What are the benefits of planning in your daily life?Planning helps us direct and redirect our own and others' futures for an efficient standard of living. For example, what would you do if you needed money immediately in the future? That's why most people save money so that they can face the end with confidence. Therefore, planning is essential to survive life.
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Compared to other methods of calculating depreciation, how does the declining balance method affect net income in the first year?.
Answers
It typically consequences in the lowest net income. The straight-line method depreciates an asset by means of an equal amount each accounting period.
The declining balance approach allocates a greater quantity of depreciation in the until now years of an asset's existence than in the later years.
How does depreciation approach have an effect on net income?Depreciation and Net Income
A depreciation cost reduces net earnings when the asset's price is allotted on the earnings statement. Depreciation is used to account for declines in the cost of a constant asset over time. In most instances, the constant asset is commonly property, plant, and equipment.
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https://brainly.com/question/1203926#SPJ4What is the rationale behind the optimal choice of the consumer?
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Suppose you learned that the price elasticity of demand for wheat is -0.70 between the current price for wheat and a price $2 dollars higher per bushel. Do you think farmers collectively should try to reduce the supply of wheat and drive up the price up 2 dollars higher per bushel? Why?
Answers
No, because the price elasticity of demand for wheat is inelastic (-0.70), which means that a change in price will result in a proportionately smaller change in quantity demanded, so reducing supply may not significantly increase the price.
Given that the price elasticity of demand for wheat is -0.70 between the current price for wheat and a price $2 dollars higher per bushel, it means that the quantity demanded of wheat is relatively inelastic, as a 1% increase in price will cause less than a 1% decrease in the quantity demanded (-0.70 < -1).
Therefore, farmers cannot significantly increase their revenue by reducing the supply of wheat and driving up the price by $2 per bushel, as the decrease in quantity demanded will not offset the price increase. Hence, reducing the supply of wheat will not be a profitable decision for farmers in this situation.
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prime factorization of 1624
Answers
Answer:
1624 = 2, 4, 8, 7, 56, 29, 1624 divided by 2, 2, 2, 7, 29
Explanation:
start by dividing the number by the first prime number which is 2.and continue dividing. only can divide by prime numbers since it's prime factorization.
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by
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Answer:
see. I hope it's helpful for you lolExplanation:
i need friend lol can you my friend
Do you think lance is right to be concerned about leroy's plan for growth
Answers
Answer:
yes
please mark as brainliest
When a provider signs a contract to be a participating provider with an insurance payer they are agreeing to:
Answers
Answer:
Accept the fee schedules set by the insurance company.
Explanation:
A participating provider is defines as one who has entered into a written agreement with an insurance company to provide a given range of Medicare Part B services on an assigned basis.
Usually various fees are scheduled for each of the services provided.
The discount on services in this instance is not much and they are always obligated to provide service.
On the other hand preferred provider is one who provides services at a discount.
at the beginning of this year, the company has a $1,000,000 investment opportunity with the following characteristics: sales$ 1,100,000 contribution margin ratio 40% of salesfixed expenses$ 363,000 if the company pursues the investment opportunity and otherwise performs the same as last year, the combined roi for the entire company will be closest to:
Answers
At the beginning of this year, the company has a $1,000,000 investment opportunity with the following characteristics: sales$ 1,100,000 contribution margin ratio 40% of sales, fixed expenses$ 363,000 if the company pursues the investment opportunity and otherwise performs the same as last year, the combined ROI for the entire company will be closest to
7.7%.
To calculate the combined Return on Investment (ROI) for the entire company, we need to consider the investment opportunity and its impact on the company's financial performance.
First, let's calculate the contribution margin for the investment opportunity:
Sales: $1,100,000
Contribution Margin Ratio: 40% of sales
Contribution Margin = Sales x Contribution Margin Ratio
Contribution Margin = $1,100,000 x 0.40
Contribution Margin = $440,000
Next, we need to subtract the fixed expenses from the contribution margin to determine the net profit:
Net Profit = Contribution Margin - Fixed Expenses
Net Profit = $440,000 - $363,000
Net Profit = $77,000
To calculate the ROI, we divide the net profit by the initial investment:
ROI = Net Profit / Initial Investment
ROI = $77,000 / $1,000,000
ROI = 0.077
The ROI for the investment opportunity is 0.077 or 7.7%.
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