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.

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 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 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 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 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 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. 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 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.) |
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| 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.) | ||||||||||||||||||
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|
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 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.
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 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