Supermarket scanner data of prices and quantities for various types of beef and poultry are available in the accompanying Excel file. The monthly data from the Economic Research Center of the US Department of Agriculture in cooperation with the Livestock Marketing Information Center (LMIC) covers January 2001 to July 2005. The file includes quantity and price data for three cuts of beef (Chuck Roast, Porter House and Ribeye) plus data for chicken prices and disposable income. a. Using regression analysis, estimate the demand functions for Chuck Roast, Porter House, and Ribeye. Indicate significance of each coefficient and of each model citing the relevant test statistics.
b. Estimate the own price elasticity, cross elasticity, and income elasticity for each cut of beef.

Yang corporation starts a foreign subsidiary on january 1 by investing 20,000 rand. yang owns all of the shares of the subsidiary’s common stock. the foreign subsidiary generates 40,000 rand of net income throughout the year and pays no dividends. the rand is the foreign subsidiary’s functional currency. currency exchange rates for 1 rand are as follows: lo 10-3 january $0.25 = 1 rand average for the 0.28 = 1 december 0.31 = 1 in preparing consolidated financial statements, what translation adjustment will yang report at the end of the current year? a. $400 positive (credit). b. $1,000 positive (credit). c. $1,400 positive (credit). d. $2,400 positive (credit). hoyle, joe ben; hoyle, joe ben. advanced accounting (page 513). mcgraw-hill higher education. kindle edition.