Which of the following is a step followed by an analyst to overcome problems related to data collection for estimating cost function?
A) to use cash accounting
B) to consider fixed costs as variable costs and treat allocated fixed cost per unit as a variable cost
C) to eliminate unusual observations if extreme values of observations occur
D) to include the inflationary price effects in the data
Answer: C
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Calvin and Gloria were divorced in a prior year. As part of the final divorce decree of the court, Calvin was ordered to pay $500 a month toward the support of his two children, Robert and Myra. During 2016, Calvin got 6 months behind in his child support payments. As a result of his delinquency, two things happened in 2016 to allow Calvin to catch up in his payments. Gloria had Calvin's wages garnished for $1,000 to pay 2 delinquent months' child support. Calvin, a cash-basis taxpayer, was due $2,000 for past work he had done for the XYZ Corp. He told the XYZ Corp. to pay the $2,000 directly to Gloria to make up 4 months' child support. The XYZ Corp. paid the money directly to Gloria. Which of the following statements is true?
a. Calvin did not receive any constructive income in 2016 when the $1,000 wages were garnished and the $2,000 income was paid directly to Gloria. b. Calvin constructively received the $1,000 wages but not the $2,000 income in 2016. c. Calvin constructively received both the $1,000 wages and the $2,000 income in 2016. d. Calvin constructively received the $2,000 income but not the $1,000 wages in 2016.
Which of the following generational cohorts are the grandparents of the Millenials?
A) Silent Generation B) Generation X C) GI Generation D) Generation Y