Some advice parents have gotten is to not follow advice.
In history, parents did not 'parent'. They 'reared' their children, or raising them was given to members of staff, grandparents or other children.
- Children used to be swaddled. (It kept them from playing and exploring, if there was trouble, they were unable to escape. Etc.)
- Toys: we learn gender through toys.
Example: Girl toys such as easy-bake ovens, Barbie dolls, princess dolls, etc. (Girls need to be attractive, they need to be nurturing.) Boy toys such as action figures, Legos, organized sports, etc. (Boys are competitive, engage in construction, they like to explore.)
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A baseball analyst would like to study various team statistics for a recent season to determine which variables might be useful in predicting the number of wins achieved by teams during the season. He begins by using a team’s earned run average (ERA), a measure of pitching performance, to predict the number of wins. He collects the team ERA and team wins for each of the 30 Major League Baseball teams and stores these data in Baseball . (Hint: First determine which are the independent and dependent variables.)
At the 0.05 level of significance, is there evidence of a linear relationship between the number of wins and the ERA?
Briggs & Stratton Engines Inc. uses the aging approach to estimate bad debt expense at the end of eachb accounting year. Credit sales occur frequently on terms n/45. The balance of each account receivable is aged on the basis of four time periods as follows: (1) not yet due, (2) up to 6 months past due, (3) 6 to 12 months past due, and (4) more than one year past due. Experience has shown that for each age group, the average loss rate on the amount of the receivable at year-end due to uncollectability is ( a ) 1 percent, ( b ) 5 percent, ( c ) 20 percent, and ( d ) 50 percent, respectively.
At December 31, 2011 (end of the current accounting year), the Accounts Receivable balance was $39,500, and the Allowance for Doubtful Accounts balance was$1,550 (credit). In determining which accounts have been paid, the company applies collections to the oldest sales first. To simplify, only five customer accounts are used; the details of each on December 31, 2011, follow:
|R. Devens—Account Receivable|
|C. Howard—Account Receivable|
|D. McClain—Account Receivable|
|T. Skibinski—Account Receivable|
|H. Wu—Account Receivable|
Compute the total accounts receivable in each age category.
Compute the estimated uncollectible amount for each age category and in total.
Give the adjusting entry for bad debt expense at December 31, 2011.
Show how the amounts related to accounts receivable should be presented on the 2011 income statement and balance sheet.
A fertilizer manufacturing company wants to relocate to Lakeside County. A report from a fired researcher at the company indicates the company's product is releasing toxic by-products. The company suppressed that report. A later report commissioned by the company shows there is no problem with the fertilizer.
Should the company's chief executive officer reveal the content of the unfavorable report in discussions with Lakeside County representatives? Discuss.