Reference no: EM131009175
An accounting firm assists small businesses file annual tax forms. It assigns each new client to a CPA at the firm who specializes in companies of that type and size. For instance, one CPA special- izes in boutique clothing retailers with annual sales of about +2 million. To speed the process, each business submits a preliminary tax form to the accounting firm.
(a) Would a normal model be useful to describe the total size of adjustments when a CPA reviews the preliminary tax forms? (For example, suppose the preliminary form claims that the business owes taxes of +40,000. If form completed by the CPA says the tax obligation is +35,000, then the adjustment is - +5,000.)
(b) What data would help you decide if a normal model is appropriate? (You cannot use data from the current year; those data are not yet available.)
(c) If the average adjustment obtained by the CPA who specializes in clothing retailers is - +7,000 (i.e., +7,000 less than indicated on the preliminary form), then what SD implies that all but a few business end up with lower taxes after the work of these accountants? (Assume a normal model for this question.)
(d) Would a normal model be useful to describe the total size of adjustments for all of the CPAs at this accounting firm?
|
Find the value of z
: Using software, find the value of z that makes the following probabilities hold. Again, you might find it helpful to draw a picture to check your answers.
|
|
What do you mean by the term intellectual capital
: What do you mean by the term intellectual capital? Discuss in detail.
|
|
Probabilities for a standard normal random variable
: Use software to find these probabilities for a standard normal random variable Z. Be sure to draw a picture to check your calculations.
|
|
Develop a more comprehensive understanding
: Think about an organization you know well. This could be a workplace, a church, or perhaps the school you attend. How could a network approach help you better understand relationships in this organization? What would these approaches help you devel..
|
|
Describe the total size of adjustments
: Would a normal model be useful to describe the total size of adjustments when a CPA reviews the preliminary tax forms? (For example, suppose the preliminary form claims that the business owes taxes of +40,000. If form completed by the CPA says the..
|
|
What are the ethical issues surrounding a computer
: What are the Ethical issues surrounding a computer based company?
|
|
Differs between private firms and public agencies
: Out of a total of 400 private firms contacted, 133 responded by completing the survey, while out of a total of 100 public agencies contacted, 50 responded. Can you conclude that the response rate differs between private firms and public agencies?
|
|
Demographics of community in terms of the at-risk population
: What are the demographics of your community in terms of the at-risk population? What resources are already in place for this population? What is the best method to approach the intervention with this population
|
|
Pioneers are specialists of progress
: Pioneers are specialists of progress; persons whose demonstrations influence other people.Just as an adolescent gets to be started into adulthood, a grown-up might pick up start as a pioneer. Pioneers have extraordinary impact over the country and pa..
|