Use the data in LOANAPPRAW for this exercise- The binary variable to be explained is approve, which is equal to one if amortgage loan to an individual was approved. The key explanatory variable is white, a dummy variable equal to one iftheapplicant was white. The other applicants in the data set are black and HispanicTo test for discrimination in the mortgage loan market, a linear probability model can be used:approve = A, + filwhite + other fizctors.(i) If there is discrimination against minorities, and the appropriate factors have been controlled for, what is the sign of 81?(ii) Regress approve on white and report the results in the usual form- Interpret the coefficient on white. Is it statisticallysignificant? Is it practically large?(iin As controls, add the variables hrat, obrat, loanprc, unem, male, married, dep, sch, cosign, chist, pubrec, mortlatl, mortlatZ, and vr. What happens to the coefficient on white? Is there still evidence of discrimination against nonwhites?(iv) Now, allow the effect of race to interact with the variable measuring other obligations as a percentage of income(obrat). Is the interaction term significant?(v) Using the model from part (iv), what is the effect of being white on the probability of approval when obrat : 32, whichis roughly the mean value in the sample? Obtain a 95% confidence interval for this effect.

King fisher aviation is evaluating an investment project with the following case flows: $6,000 $5,500 $7,000 $8,000 discount rate 14 percent what is the discounted payback period for these cash flows if the initial cost is 15,000? what if the initial cost is $12,000? what if the cost is $16,000?

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Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.