Questions
The chapter notes that the rise in the U.S. trade deficit during the 1980s was due largely to the rise in the U.S. budget deficit.

The chapter notes that the rise in the U.S. trade deficit during the 1980s was due largely to the rise in the U.S. budget deficit. On the other hand, some in the popular press have claimed that the increased trade deficit resulted from decline in the quality of U.S. products relative to foreign products. 

Assume that U.S. products did decline in relative quality during the 1980s. 

This caused net exports at any given exchange rate to_______. 

Indicate the effect of this shift in net exports on the U.S. market for foreign exchange.

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According to this model, which of the following statements are true as a result of the quality change? Check all that apply. 

  • There is no change in the real interest rate. 

  • Net capital outflow decreases. 

  • The trade balance decreases. 

  • The real exchange rate declines. 

The claim that some people made in the popular press _______  consistent with the model in this chapter. 


True or False: The change in the real exchange rate that resulted from the decline in the quality of U.S. products may increase our standard of living. 

In: Economics

a) A physical education director claims by taking a special vitamin, a weight lifter can increase...

a) A physical education director claims by taking a special vitamin, a weight lifter can increase his strength. Eight athletes are selected and given a test of strength, using the standard bench press. After two weeks of regular training, supplemented with the vitamin, they are tested again. Test the vitamin regimen is effective in increasing strength at the .05 level of significance. Each value in the data that follow represents the maximum number of pounds the athlete can bench press. Assume both populations normal.

athlete 1 2 3 4 5 6 7 8

Before 210 230 182 205 262 253 219 216

after 219 236 179 204 270 250 222 216

claim ………………………………................ ________________________

null hypothesis…………………………………. ________________________

alternative hypothesis………………………….. ________________________

Calculator Screen Name……………………… ________________________

test statistic ………………………… ________________________

pvalue/alpha comparison………………………. ________________________

decision …………………………. ________________________

Conclusion …………………………. ________________________

Construct a 95% confidence interval for, µd , the mean difference of the before minus the after times. Interpret the interval in a complete sentence.

Confidence Interval Name__________________________________

Interval___________________________________________

Interpret______________________________

In: Statistics and Probability

a) A physical education director claims by taking a special vitamin, a weight lifter can increase...

a) A physical education director claims by taking a special vitamin, a weight lifter can

increase his strength. Eight athletes are selected and given a test of strength, using the standard bench press. After two weeks of regular training, supplemented with the vitamin, they are tested again. Test the vitamin regimen is effective in increasing strength at the .05 level of significance. Each value in the data that follow represents the maximum number of pounds the athlete can bench press. Assume both populations normal.

athlete 1 2 3 4 5 6 7 8Before 210 230 182 205 262 253 219 216

after 219 236 179 204 270 250 222 216

claim .................................................... null hypothesis........................................ alternative hypothesis................................ Calculator Screen Name........................... test statistic .............................. pvalue/alpha comparison............................ decision ............................... Conclusion ...............................

b) Construct a 95% confidence interval for, ?d , the mean difference of the before minus the after times. Interpret the interval in a complete sentence.

Confidence Interval Name__________________________________ Interval___________________________________________ Interpret_____________________________________________

In: Statistics and Probability

The Ferre Publishing Company has three service departments and two operating departments. Selected data from a...

The Ferre Publishing Company has three service departments and two operating departments. Selected data from a recent period on the five departments follow:

Service Departments

Operating Departments

Administration Janitorial Maintenance Binding Printing Total
Costs $72,000 $73,000 $44,000 $245,000 $545,000 $979,000
Number of employees 112 80 320 800 400 1,712
Square feet of space occupied 3,000 12,000 10,000 20,000 70,000 115,000
Hours of press time 18,000 37,000 55,000

The company allocates service department costs by the step-down method in the following order: Administration (number of employees), Janitorial (space occupied), and Maintenance (hours of press time).

Required:

Using the step-down method, allocate the service department costs to the operating departments. (Please enter allocations from a department as negative and allocations to a department as positive. The line should add across to zero. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)

In: Accounting

Commemorative coins are being struck at the local foundry. A gold blank (a solid gold disc...

Commemorative coins are being struck at the local foundry. A gold blank (a solid
gold disc with no markings on it) is inserted into a hydraulic press and the obverse design is pressed
onto one side of the disc (this step fails with probability 0.15). The work is examined and if the
obverse pressing is good, the coin is put into a second hydraulic press and the reverse design is
imprinted (this step fails with probability 0.08). The completed coin is now examined and if of
sufficient quality is passed on for finishing (cleaning, buffing, and so on). Twenty gold blanks are
going to undergo pressing for this commemorative coin. Assume that all pressings are independent
of each other. What are the mean and variance of the number of good coins manufactured? If the blanks cost $300 each and the labor to produce the finished coins costs $3,000,
what is the probability that the production cost to make the 20 coins (labor and materials) can be
recovered by selling the coins for $500 each? (The $3,000 labor figure is the fixed cost to process
the 20 gold blanks -- some will be good some not.)

In: Statistics and Probability

The purpose of this assignment is to practice economic theories related to saving, investment, and the...

The purpose of this assignment is to practice economic theories related to saving, investment, and the financial system

Are Future Budget Deficits a Threat to the​ Economy?

Congress gives the Congressional Budget Office​ (CBO) the responsibility of estimating the effects of federal spending and taxing policies on the economy. An Associated Press news story on a CBO report noted that federal budget deficits in the United States were likely to increase in future years. According to the​ CBO, these higher deficits might​ "pose a threat to the economy by crowding out business investment and threatening a spike in interest​ rates."

​(Source: Andrew​ Taylor, "CBO: Deficits to Drift Lower on Lower Health​ Costs," Associated​ Press, April​ 14, 2014.)

a. What did the CBO mean by a​ "spike in interest​ rates"? Why might increased federal budget deficits lead to a spike in interest​ rates? Illustrate your answer with a graph.

b. Is the spike in interest rates connected to crowding

​out? Why might crowding out be considered a threat to the​ economy?

In: Economics

1)Common methods for measuring muscle action involve: Select one: a. Palpation b. Simulation c. Mechanomyogram d....

1)Common methods for measuring muscle action involve: Select one: a. Palpation b. Simulation c. Mechanomyogram d. Surgery

2)During an arm curl exercise, the contralateral obliques act as

Select one:

a. stabilizer

3) Chest press machines allow people to sit and move the handles with the hands. Stabilizers for a chest press machine exercise include:

Select one or more:

a. Internal and external obliques

b. Pectoralis major

c. brachialis

d. Upper trapezius

e. none of the above

f. Rhomboids

g. Middle trapezius

b. neutralizer

c. antagonist

d. agonist

e. synergist

40Surface EMG can be used to determine the following:

Select one:

a. Number of motor units and fibers

b. Length-tension relationship

c. Amount of activation

d. Twitch forces

5)What will have the least impact on EMG signal quality?

Select one:

a. Adipose thickness

b. Inter-electrode distance

c. Alignment to muscle fibers

d. Muscle fiber types

In: Anatomy and Physiology

H. Cochran, Inc., is considering a new three-year expansion project that requires an initial fixed asset...

H. Cochran, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,400,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life. The project is estimated to generate $3,030,000 in annual sales, with costs of $2,030,000. The project requires an initial investment in net working capital of $168,000 and the fixed asset will have a market value of $203,000 at the end of the project. Assume that the tax rate is 23 percent and the required return on the project is 10 percent.

a.

What are the net cash flows of the project each year? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

b. What is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
a. Year 0 cash flow
Year 1 cash flow
Year 2 cash flow
Year 3 cash flow
b. NPV

CSM Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $427,000 is estimated to result in $160,000 in annual pretax cost savings. The press is eligible for 100 percent bonus depreciation and it will have a salvage value at the end of the project of $61,000. The press also requires an initial investment in spare parts inventory of $16,600, along with an additional $3,600 in inventory for each succeeding year of the project. The shop’s tax rate is 21 percent and its discount rate is 8 percent. Calculate the project's NPV. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

In: Finance

Countering Cybercrime in Russia 1. State and briefly describe your above research topic. 2. Describe the...

Countering Cybercrime in Russia

1. State and briefly describe your above research topic.

2. Describe the specific source types that you think will be useful for your research.

3. To plan your search further, list 2 key concept terms derived from your research statement. For each key concept term, list 2 alternative search terms. Use at least one wildcard or truncation with your alternative search terms.

  • Key Concept Term 1
    • Alt search term 1
    • Alt search term 2
  • Key Concept Term 2
    • Alt search term 1
    • Alt search term 2

4. Explain the purpose of using wildcards and/or truncations as it pertains to your specific search terms above.

Country Mini Research Question

The idea of a free and independent press is something that not every country has access to.   

5. Explore and describe the relationship between your assigned country's government and the press.

6. Go to the 2019 World Press Freedom Index   find where you assigned country is ranked. What does this score mean? How does your assigned country's score in 2019 compare to the previous year (2018)?

7. Who produces this report? Research and describe who they are and explore their mission, methods, objectives, etc.

8. What are the major news organizations in your assigned country? If your country is a non-English speaking county, are there any English-speaking news sources in print or available online? Try to find at least 2 creditable news sources. Share and discuss your findings.

In: Psychology

Remeasurement of financial statements Assume that your company owns a subsidiary operating in Canada. The subsidiary...

Remeasurement of financial statements Assume that your company owns a subsidiary operating in Canada. The subsidiary has adopted the Canadian Dollar (CAD) as its functional currency. Your parent company operates this subsidiary like a division or a branch office, making all of its operating decisions, including pricing of its products. You conclude, therefore, that the functional currency of this subsidiary is the $US and that its financial statements must be remeasured prior to consolidation. Following are the subsidiary’s financial statements (in CAD) for the most recent year:

(in CAD)
Beginning inventory 2,346,750
Purchases 6,139,350
Ending inventory (2,816,100)
Cost of goods sold 5,670,000
Land 2,058,840
Building 3,780,000
Accum. deprec.-building (1,890,000)
Equipment 2,520,000
Accum. deprec.-equipment (1,260,000)
Property, plant, and equipment (PPE), net 5,208,840
Depreciation expense-building 189,000
Depreciation expense-equipment 252,000
Depreciation expense 441,000
(in CAD)
Income Statement:
Sales 9,450,000
Cost of goods sold (5,670,000)
Gross profit 3,780,000
Operating expenses (2,016,000)
Depreciation (441,000)
Net income 1,323,000
Statement of retained earnings:
BOY retained earnings 4,961,250
Net income 1,323,000
Dividends (132,300)
Ending retained earnings 6,151,950
Balance Sheet:
Assets
Cash 2,689,470
Accounts receivable 2,192,400
Inventory 2,816,100
Property, plant, and equipment (PPE), net 5,208,840
Total assets 12,906,810
Liabilities and stockholders' equity
Current liabilities 1,602,720
Long-term liabilities 3,734,640
Common stock 630,000
APIC 787,500
Retained earnings 6,151,950
Total liabilities and equity 12,906,810


The relevant exchange rates for the $US value of the Canadian Dollar (CAD) are as follows:

BOY rate $0.70
EOY rate $0.76
Avg. rate $0.73
Dividend rate $0.75
Historical rates:
Beginning inventory $0.70
Land $0.74
Building $0.74
Equipment $0.74
Historical rate (common stock and APIC) $0.60

For parts a. and b. below, use a negative sign with answers to indicate a reduction.


a. Remeasure the subsidiary’s income statement, statement of retained earnings, and balance sheet into $US for the current year (assume that the BOY Retained Earnings is $3,840,619).

Round all answers in the "In US Dollars" column to the nearest dollar.


(in CAD)
Remeasure
-ment Rate
In
US Dollars
Beginning inventory 2,346,750 Answer $Answer
Purchases 6,139,350 Answer Answer
Ending inventory (2,816,100) Answer Answer
Cost of goods sold 5,670,000 $Answer
Land 2,058,840 Answer $Answer
Building 3,780,000 Answer Answer
Accum.deprec.—building (1,890,000) Answer Answer
Equipment 2,520,000 Answer Answer
Accum.deprec.—equipment (1,260,000) Answer Answer
Property, plant, and equipment (PPE), net 5,208,840 $Answer
Depreciation expense—building 189,000 Answer $Answer
Depreciation expense—equipment 252,000 Answer Answer
Depreciation expense 441,000 $Answer
Income statement:
Sales 9,450,000 Answer $Answer
Cost of goods sold (5,670,000) Answer
Gross profit 3,780,000 Answer
Operating expenses (2,016,000) Answer Answer
Depreciation (441,000) Answer
AnswerRemeasurement gainRemeasurement loss Answer
Net income 1,323,000 $Answer
Statement of retained earnings:
BOY retained earnings 4,961,250 $Answer
Net income 1,323,000 Answer
Dividends (132,300) Answer Answer
Ending retained earnings 6,151,950 $Answer
Balance sheet:
Assets
Cash 2,689,470 Answer $Answer
Accounts receivable 2,192,400 Answer Answer
Inventory 2,816,100 Answer
Property, plant, and equipment (PPE), net 5,208,840 Answer
Total assets 12,906,810 $Answer
Liabilities and stockholders’ equity
Current liabilities 1,602,720 Answer $Answer
Long-term liabilities 3,734,640 Answer Answer
Common stock 630,000 Answer Answer
APIC 787,500 Answer Answer
Retained earnings 6,151,950 Answer
Total liabilities and equity 12,906,810 $Answer


b. Compute the remeasurement gain or loss directly assuming BOY net monetary assets of CAD (1,617,840), a net monetary liability.

Round all answers to the nearest dollar.

Change in net monetary assets:

_____________ $Answer

Change net monetary assets x (EOY - Avg exchange rate) Answer

______________ Answer

______________ $Answer

In: Accounting