Santa Clara Electronics, Inc. of California currently exports 1,000,000 electric switches per year to the Argentina under an import agreement that expires in five years. In the Argentina, the imported switches are currently sold for peso equivalent of $75 per set. Santa Clara’s costs, including shipping, are $50 per set, and its current pre-tax profit is $25 per set. Similar costs and prices would occur in Argentine production. The market for this type of switch in the Argentina is stable (neither growing nor shrinking, and Santa Clara holds the major portion of this market.
The Argentine government has invited Santa Clara to open an assembly plant so that imported switches can be replaced by local production. If Santa Clara makes the investment, it will operate the plant for 5 years and then sell the building and equipment to Argentine investors for $5,000,000. Santa Clara will be allowed to repatriate all net income and depreciation to the US at the end of each year. Santa Clara traditionally evaluates all foreign investments in U.S. dollar terms.
Investment: Santa Clara’s anticipated outlay in 2020, expressed in US dollars and sufficient for the full five years, would be:
Building and Equipment $40,000,000
Working Capital $10,000,000
Total Outlay $50,000,000
All investment outlays will be made in 2020, and all operating cash flows will occur at the end of years 2021 through 2025.
Depreciation: Building and equipment will be depreciated over five years on a straight-line basis to a $5,000,000 salvage value. At the end of the fifth year, the $10,000,000 of net working capital may be repatriated to the United States, as may the remaining net book value (salvage value) of the plant.
Exchange Rates: The Argentine peso (Ps) is currently at parity (US$1 = APs1) and is expected to remain at this level for the next five years.
Sales: Locally manufactured switches will be sold APs75 each. Sales volume will remain 1,000,000 switches per year for the next five years.
Operating Expenses (current peso costs):
Materials purchased in Argentina Aps30 per set
Material imported from US parent Aps20 per set
Total variable costs Aps50 per set
The Aps20 purchase price for components sold by Santa Clara to its Argentine subsidiary consists of Aps15 of direct costs incurred in the United States and Aps5 of pretax contribution margin to Santa Clara. These peso costs (and profits) are expected to remain constant. Other operating costs include APs 5,000,000 in annual fixed operating costs by the Argentine subsidiary.
Taxes: Both the Argentina and the United States have a corporate income tax rate of 40 percent.
Concessionary Loan: The Argentine government will assist Santa Clara’s local financing by provided a subsidized loan of 50 million peso loan. The loan will be a five-year amortizing loan (with annual payments) bearing an interest rate of 5 percent. Without the loan, Santa Clara’s normal borrowing rate would be 10 percent.
Cost of Capital: Upstate uses a 15 percent discount rate to evaluate all domestic and foreign projects.
Estimate the value of the project’s cash accruing to the parent.
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-$26,935,125 |
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-$12,932,540 |
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-$16,672,196 |
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-$34,027,351 |
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-$20,662,714 |
In: Finance
Please summarize the passage below in at least 225 words.
Recognizing the limitations of the generic truck weight data and conservative assumptions made during the calibration of live load factors for bridge rating, the AASHTO load and resistance factor rating (LRFR) manual for bridge evaluation provides sufficient flexibility and allows state agencies to adjust the live load factors based on their individual conditions and site-specific or state-specific information. This paper describes a reliability-based process that can be followed to perform such adjustments and illustrates its application using an example in which the procedure was followed during the calibration of a LRFR methodology for New York State bridges. This methodology is applied to the rating of existing bridges, posting of understrength bridges, and checking of permit trucks. The live load models used during the calibration are based on weigh-in-motion data collected from several representative sites. The LRFR live load factors developed using the proposed calibration process would provide uniform and consistent levels of bridge safety and reliability for the bridge classes and configurations targeted. The target reliability levels used during the calibration should reflect the experience gained by state bridge engineers from evaluation of existing bridges under current loading conditions.
In: Operations Management
Q1) Create a program that do the following:
1. Asks the user to enter n marks for n students, read the marks and the names and store them in a double linked list.
2. Write a method to find the largest mark and print the name of the student having that mark
3. Write a method to print the content of the list (name, mark)
4. Write a method to search the list for a given mark and prints the result
6. Insert 2 new students to the list (print the list before and after the insertion)
7. Delete any students with the first letter "D" in his name, (print the list before and after the deletion)
Submit .java files only.
In: Computer Science
C++ language.
Suppose you are given a list of students registered in a course and you are required to implement an Linked List of student. Each student in the list has name, regNo and cGpa. You task is to implement following function related to Linked List.
insertStudent() : This function, when called will prompt user to enter his/her choice of insertion. The options are
1. Insert student at the start of linked list
2. Insert student at the end of linked list
3. Insert student before the student who name is entered
e.g if insertStudent(Student s, “Abrar”) is called, it will search student in the linked list with a name Abrar and then insert Student s (1st argument) before Abrar.
sortBycGpa( ) : When called, this function will sort all the students in the list based on CGPA.
display( ) : This function when called displays all the data of only those students whos cGPA are greater than the entered cgpa.
e.g. if display(3.5) is called, it will display all the students whos’ CGPA is greater than 3.5.
In: Computer Science
QUESTION 1In cross-sectional studies, both the exposure and disease outcome are determined simultaneously for each subject. True or Falses
QUESTION A case-control study provides a snapshot of the population’s health at a given point in time. True or False
QUESTION 3 A cohort study is known as a prevalence study. True or False
QUESTION 4 Observational studies suffer from a few limitations that inhibit their ability to identify causal relationships. They are easily influenced by bias and confounding True or False
QUESTION 5 A cohort study is considered a longitudinal study. True or False
QUESTION 6 A case-control study design is optimal for a rare disease. True or False
QUESTION 7 In a cross-sectional study, you can calculate the prevalence of exposure and the prevalence of disease. True or False
QUESTION 8 Confounding is a type of systematic error in epidemiologic studies. True or False
QUESTION 9 Attributable risk answers the question of how much of the disease that occurs can be attributed to a certain exposure. True or False
QUESTION 10 In an RCT, the population is randomly sampled. True or False
QUESTION 11 In epidemiology, correlation=causation. True or False
A confounder is on the casual pathway between the exposure and disease. True or False
QUESTION 12
In a study begun in 2010, a group of 3000 adults in The Bronx were asked about sugar consumption. The occurrence of diabetes between 2010 and 2020 was studied in this group. This is an example of:
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prospective cohort study |
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ecological study |
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case-control study |
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cross-sectional study |
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retrospective cohort study |
QUESTION 20
A community assesses a random sample of its residents by telephone questionnaire in 2019. They find drinking alcohol is strongly associated with diagnosed liver disease. This study design is best described as which one of the following?
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prospective cohort study |
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ecological study |
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case-control study |
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cross-sectional study |
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retrospective cohort study |
In: Nursing
Puzzle #4
Five friends each wrote a letter to Santa Claus, pleading for certain presents. What is the full
name of each letter-writer and how many presents did he or she ask for? Kids’ names: Danny,
Joelle, Leslie, Sylvia, and Yvonne. Last names: Croft, Dean, Mason, Palmer, and Willis. Number
of presents requested: 5, 6, 8, 9, and 10.
Clues:
1. Danny asked for one fewer present that the number on Yvonne’s list.
2. The child surnamed Dean asked for one more present than the number on the list written by
the child surnamed Palmer.
3. Sylvia’s list featured the fewest presents, and the letter written by the child surnamed Willis
featured the highest quantity.
4. Joelle asked for one fewer present than the number specified in the Croft child’s letter.
Make your grid to solve:
In: Statistics and Probability
Discuss and distinguish between a 'case-control' and a 'cohort' study.
In: Nursing
The Delaware River Joint Toll Bridge Commission increased the tool on the bridges on Route 22 and Interstate 78 from New Jersey to Pennsylvania from $0.50 to $0.75 in December. In November, the Route 22 bridge had 519,337 crossings and the Interstate 78 bridge had 728,002. Suppose that the price elasticity of demand for the Route 22 bridge was .2696 and that for the Interstate 78 bridge was 1.556. (Assume nothing other than the toll change occurred during the months that would affect consumer demand.)
a) How did the revenue from the two bridges change in December? (Be specific.)
b) Suppose that the Commission wanted to increase total revenue from each bridge and could set different prices for the two bridges. Should they be the same or different? If they are the same, should they increase? If they are different, how should they change the prices? (You don’t need to provide a specific price, but just the direction.)
In: Economics
In: Computer Science
In: Mechanical Engineering