CYC 201 Study Guide - Quiz Guide: Ryerson University, Youth Work, Structural Inequality

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limeturtle911

25 Apr 2021

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Department of child and youth care ryerson university. Amongst many significant topics discussed as a part of child abuse and neglect, modules one through four, there are three that stand out in significance to the child and youth. Aspects such as impactful historic events, and takeaways that a future practitioner must consider. The first concept is the historical context of child labour and the impact these events had on the transformation of the youth legal justice system. The history of child labour is traced from the 17th century. Children would go from childhood straight into adulthood. After the child is able to perform simple self-care they would begin to contribute to the support and wellbeing of the family and the community. By the 19th century, the economy grew to be agricultural-based, and this meant many jobs were unsafe and even resulted in serious injury or death.

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Sam and Sally Student 1000 W. 70th Street Akron, Ohio 44111 Social Security No. Sally: 111-22-3333 Sam: 444-66-5555 they file joint They are married with 2 children, Child 1 a boy, born 2/2/12 and Child 2, a girl, born 7/1/13. Social sec. numbers are Child 1: 333-22-4444 and for Child 2: 777-99-1111. Sally makes $30,000 from City of Cleveland. Sam makes $40,000 from Fitzbottom LLC. They pay to have both children in Child care. They pay $4,000 for each child (total $8,000) per year to Child Care Center, address is: 3 Fake Address Road, Akron, Ohio 44111. I.D. Number of Child Care Center is 34-1234567. Their children were in child care all day, every work day, for basically the whole year. To do: Go the IRS website at irs.gov, and get a Form 2441"Child and Dependent Care Expenses" and the accompanying instructions. Using the information above, do the Form 2441 for Sally and Sam. Can yo please help to understand how Line 10 Credit Limit Worksheet should be calculated on Form 2441? I'm thinking it should be zero but I'm not sure.

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1. Some people have argued that the government should provide medical care to everyone. Under this system:

A. the price of medical care will allocate resources efficiently.

B. the price of medical care will ration resources efficiently.

C. prices will not ration medical care so there will be no scarcity.

D. prices will not ration medical care so some other rationing method will be used.

2. Professor Plum, who earns $75,000 per year, read in the paper today that the university pays its basketball coach one million dollars per year in exchange for the coach's agreement to remain at the university for at least three more years. The coach earns more than Professor Plum because:

A. demand for sporting events exceeds demand for college courses.

B. universities value sports over academics.

C. the coach is able to earn economic rent due to his unique talents.

D. the coach has more human capital than does Prof. Plum.

3. Duke is a particularly highly skilled negotiator. The law firm that hires Duke is able to collect twice as much revenue per hour of Duke's time than it can for any other negotiator in town. The increased revenue will:

A. be evenly split between Duke and the law firm to maximize surplus.

B. all go to the law firm because the firm bears the risk of running the business.

C. all go to Duke because, if it didn't, another firm could hire Duke away.

D. be split, with 75% going to Duke and 25% going to the law firm.

Professor John Morton has just been appointed chairperson of theFinance Department at Westland University. In reviewing thedepartmentâs cost records, Professor Morton has found the followingtotal cost associated with Finance 101 over the last severalterms:

Term	Number of Sections Offered		Total Cost
Fall, lastyear		4	$	13,000
Winter,last year		3	$	7,500
Summer,last year		7	$	13,500
Fall, thisyear		5	$	10,000
Winter,this year		2	$	6,500

Professor Morton knows that thereare some variable costs, such as amounts paid to graduateassistants, associated with the course. He would like to have thevariable and fixed costs separated for planning purposes.

Required:
1.	Prepare a scattergraphplot. (Place total cost on the vertical axis and number ofsections offered on the horizontal axis.)

Instructions:
1.	On the graphbelow, use the point tool (Fall last year) to plot number ofsections offered on the horizontal axis and total cost on thevertical axis.
2.	Repeat the sameprocess for the plotter tools (winter last year to winter thisyear).
3.	To enter exactcoordinates, click on the point and enter the values of x andy.
4.	To remove apoint from the graph, click on the point and select deleteoption.

2(a).	Using the least-squares regression method, estimate the variablecost per section and the total fixed cost per term for Finance 101.(In the calculation, round your fixed cost and variablecost to nearest whole dollars.)

2(b).	Express these estimates in the linear equation form Y =a + bX.

3a.	Assume that because of the small number of sections offeredduring the Winter Term this year, Professor Morton will have tooffer nine sections of Finance 101 during the Fall Term. Computethe expected total cost for Finance 101. (Round your finalanswer to nearest whole dollar.)

3b.	Can you see any problem withusing the cost formula from (2) above to derive this total costfigure?

	Choose the BEST answer from thefollowing choices:

	Prediction is out of the relevantrange.
	Prediction is based on olddata.
	Prediction is not guaranteed tobecome actual.
	Coefficient estimates may have highvariance.

CYC 201 Study Guide - Quiz Guide: Ryerson University, Youth Work, Structural Inequality

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