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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?
Why would you select the percentage of sales method on calculating doubtful accounts as opposed to the percentage of receivables method? Which method favors the income statement? Which method favors the balance sheet?
In your own words, explain what the advantage is of analyzing a company's financial statements over a series of years rather than just for the current period?
If a company sells goods that cost $70,000 for $82,000, the firm will: A. reduce Finished-Goods Inventory by $70,000. B. reduce Finished-Goods Inventory by $82,000.
What are the partner's inital adjusted bases in their partnership interests? What is the PJD partnership's basis in its assets?
Greener Grass Company (GGC) competes with its main rival, Better Lawns and Gardens (BLG), in the supply and installation of in-ground lawn watering systems in the wealthy western suburbs of a major east-coast city. Last year, GGC's price for the typi..
Prepare journal entries to record items (a) through (f) above [ignore item (g) for the moment]. Prepare T-accounts for Manufacturing Overhead and Work on Process. Post the relevant items from your journal entries to these T-accounts.
Thus far in class we've talked about many interesting topics in international accounting including international accounting standards, the history of accounting, IFRS vs. US GAAP, the FASB Codification, convergence, harmonization, foreign currency..
On January 1, 2007, the stockholders of Phillips and Solina agreed to a consolidation. Because FASB requires that one party be recognized as the acquirer and the other as the acquirer-Prepare the journal entries on the books of Phillips to record t..
Ten pairs of points yielded a correlation coefficient r of 0.790. If a + 0.05 which of the following statements is correct if H0 : p =0? ( Do not calculate a t-value)
Which pair of accounts follows the rules of debit and credit in relation to increases and decreases in the same manner?
Compute the net present value and internal rate of return to determine the financial feasibility of this project.
A transportation company is paid in the month of May for delivering a truckload of goods, although it actually delivers it in June. What effect will there be on the financial statements if the correct adjusting entry is not made?
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