Refer to the table for Moola given below to answer the following questions.

What is the equilibrium interest rate in Moola? %

What is the level of investment at the equilibrium interest rate? $

Is there either a recessionary output gap (negative GDP gap) or an inflationary output gap (positive GDP gap) at the equilibrium interest rate and, if either, what is the amount?

There is a of $ billion.

Given money demand, by how much would the Moola central bank need to change the money supply in order to close the output gap?

the money supply by $

What is the (expenditure) multiplier in Moola?

Beyond the lemonade stand: Sustaining a new social venture

1. What is a calling and how do you find it?
2. How can you complement an intuitive response to social needs with a methodological
approach to social entrepreneurship?
3. How are new social ventures sustained?

In 2016, a young South African left her secure office job to pursue her passion for social entrepreneurship in the youth development field. She had been volunteering with street children, but she wanted to do more by drawing on her entrepreneurial experience from high school and university. She followed her passion, and experienced a number of challenges, but also early successes over her first four years of social entrepreneurship, including the formation of her social business, Beyond the Lemonade Stand. Business was steady but she struggled with getting the commitment needed in poor township schools to make the program a success. She began to question the core purpose of her organization and wondered if she would be better off pursuing opportunities offered by middle-class and private schools that wanted her services.

Anthony Wilson-Prangley is affiliated with University of Pretoria.

Learning Objective

The case is aimed at early-phase social entrepreneurs and those interested in the field. It is intended to be used in the opening few sessions of a course on social entrepreneurship at the undergraduate or graduate level. After completion of the case, students will have explored the following questions: What is a calling and how do you find it? How can you complement an intuitive response to social needs with a methodical approach to social entrepreneurship? How are new social ventures sustained?

Researchers studied the infant mortality rates in 1970 in n = 101 countries across four regions using multiple linear regression. The response is an infant mortality rate index. Two predictors were considered by the researchers: • Income index: a numeric predictor of the average income of each country. • Region: a categorical predictor of the region of the country with 4 categories: Africa (baseline), Americas (North and South America), Asia (Asia and Oceania), and Europe.

The R output of the multiple linear regression is given below.

Call:

lm(formula = infant ~ income + region)

Residuals: Min 1Q Median 3Q Max -1.5108 -0.3491 -0.0458 0.2804 2.9928 3

Coefficients:

Intercept: 6.40301

Income slope: -0.29939

Regions Americas slope: -.060233

RegionAsia slope: -0.72334

RegionEurope: -1.20282

Signif. codes: 0 *** 0.001 ** 0.01 * 0.05 . 0.1 1

(a) What is the slope term associated with the predictor income? Write a thorough interpretation of this slope term.

(b) The income index for the United States is 8.62. What is the predicted infant mortality rate index for the United States based on the regression line?

(c) The income index for Egypt, which is an African country, is 5.35. What is the predicted infant mortality rate index for Egypt based on the regression line?

Suppose that in a year, an American worker can produce 100 shirts or 20 computers, while a Chinese worker can produce 100 shirts or 10 computers. we can describe the production possibilities of the Americans and the Chinese in a table:

Q1. (1pt) Which country has an absolute advantage in the production of each good?

Q2. (2 pts)Calculate the opportunity cost of producing each good for both countries. For example, to fill out the blank at the top-left corner. Answer this question: ‘In America, how many computers should they give up to produce a shirt?’ Don’t forget the proper unit. Show your work.

Q3. (1pt) According to your answers in Q2, which country has a comparative advantage in shirts? Computers?

Q4. (2 pts) Now allow American and China to trade with each other. Suppose the terms of trade are 0.25 computers per shirt. What does this mean?

Q5. (3 pts) Suppose the U.S. and China produce the goods that they have comparative advantages and consider the trade with each other. With the ‘TOT is 0.25 computers per shirt’. Can trade occur? Are they willing to buy the good that they do not produce from the other country? Is this deal better off for both countries?

Q6. (5 pts) Now allow American and China to trade with each other. Find a mutually agreeable trade that makes each country better off than it was before it specialized. What is the range of TOT at which trade can occur?

Q7. (1 pt) List the determinants of the terms of trade. What do factors affect the level of the terms of trade?

Three forces act on an object. the first force is 37.5 lbs at 130.0 degrees, the second force is 28.0 lbs at 30.0 degrees east of south, and the third force is 11.0 lbs due south. What is the net force (magnitude and direction) exerted on this body?

Suppose that you are part of the Management team at Porsche. Suppose that it is the end of December

2019 and a novel coronavirus that causes a respiratory illness was identified in Wuhan City, Hubei

Province, China. The illness was reported to the World Health Organization and there is heightened

uncertainty around the Globe.

You (as part of the management team) are reviewing Porsche’s hedging strategy for the cash flows it

expects to obtain from vehicle sales in North America during the calendar year 2020. Assume that

Porsche’s management entertains three scenarios:

Scenario 1 (Expected): The expected volume of North American sales in 2020 is 35,000 vehicles.

Scenario 2 (Pandemic): The low-sales scenario is 50% lower than the expected sales volume.

Scenario 3 (High Growth): The high-sales scenario is 20% higher than the expected sales volume.

Assume, in each scenario, that the average sales price per vehicle is $85,000 and that all sales are

realised at the end of December 2020. All variable costs incurred by producing an additional vehicle to

be sold in North America in 2020 are billed in euros (€) and amount to €55,000 per vehicle. Shipping

an additional vehicle to be sold in North America in 2020 are billed in € and amount to €3,000 per

vehicle.

The current spot exchange rate is (bid-ask) $1.11/€ - $1.12/€ and forward bid-ask is $1.18/€ - $1.185/€.

The option premium is 2.5% of US$ strike price, and option strike price is $1.085/€. Your finance team

made the following forecasts about the exchange rates at the end of December 2020:

• bid-ask will be $1.45/€ - $1.465/€ if the investors (and speculators) consider the euro (€) a safe

haven currency during the pandemic.

• bid-ask will be $0.88/€-$0.90/€ if the investors (and speculators) consider the U.S. dollar ($) a

safe haven currency during the pandemic

1. As the CFO, you decided to hedge using option contracts. Assuming expected final sales

volume is 35,000, what are your total revenue and the percentage revenue from hedging

(compared to no hedging) (do not use any variable costs to calculate in this question)

a) if the exchange rate (bid-ask) remains at $1.11/€ - $1.12/€?

b) if the investors consider the U.S. dollar a safe haven currency during the pandemic?

2. Assume that the Scenario 2 (Pandemic) took place in 2020 and the euro became a safe haven

currency during the pandemic. What are your euro cash flows if you did not hedge, hedged

using forward contracts, and hedged using option contracts?

Suppose that you are part of the Management team at Porsche. Suppose that it is the end of December 2019 and a novel coronavirus that causes a respiratory illness was identified in Wuhan City, Hubei Province, China. The illness was reported to the World Health Organization and there is heightened uncertainty around the Globe. You (as part of the management team) are reviewing Porsche’s hedging strategy for the cash flows it expects to obtain from vehicle sales in North America during the calendar year 2020. Assume that Porsche’s management entertains three scenarios: Scenario 1 (Expected): The expected volume of North American sales in 2020 is 35,000 vehicles. Scenario 2 (Pandemic): The low-sales scenario is 50% lower than the expected sales volume. Scenario 3 (High Growth): The high-sales scenario is 20% higher than the expected sales volume. Assume, in each scenario, that the average sales price per vehicle is $85,000 and that all sales are realised at the end of December 2020. All variable costs incurred by producing an additional vehicle to be sold in North America in 2020 are billed in euros (€) and amount to €55,000 per vehicle. Shipping an additional vehicle to be sold in North America in 2020 are billed in € and amount to €3,000 per vehicle. The current spot exchange rate is (bid-ask) $1.11/€ - $1.12/€ and forward bid-ask is $1.18/€ - $1.185/€. The option premium is €0.025, and option strike price is €0.922. Your finance team made the following forecasts about the exchange rates at the end of December 2020:

• bid-ask will be $1.45/€ - $1.465/€ if the investors (and speculators) consider the euro (€) a safe haven currency during the pandemic.

• bid-ask will be $0.88/€-$0.90/€ if the investors (and speculators) consider the U.S. dollar ($) a safe haven currency during the pandemic 1. You decided not to hedge Porsche’s currency exposure. If the expected final sales volume is 35,000, what are your total revenues

1. You decided not to hedge Porsche’s currency exposure. If the expected final sales volume is 35,000, what are your total revenues

a) if the exchange rate (bid-ask) remains at $1.11/€ - $1.12/€? Let’s call this the baseline scenario.

b) if the investors consider the euro a safe haven currency during the pandemic? How does this compare to the baseline case?

c) if the investors consider the U.S. dollar a safe haven currency during the pandemic? How does this compare to the baseline case?

Suppose that you are part of the Management team at Porsche. Suppose that it is the end of December

2019 and a novel coronavirus that causes a respiratory illness was identified in Wuhan City, Hubei

Province, China. The illness was reported to the World Health Organization and there is heightened

uncertainty around the Globe.

You (as part of the management team) are reviewing Porsche’s hedging strategy for the cash flows it

expects to obtain from vehicle sales in North America during the calendar year 2020. Assume that

Porsche’s management entertains three scenarios:

Scenario 1 (Expected): The expected volume of North American sales in 2020 is 35,000 vehicles.

Scenario 2 (Pandemic): The low-sales scenario is 50% lower than the expected sales volume.

Scenario 3 (High Growth): The high-sales scenario is 20% higher than the expected sales volume.

Assume, in each scenario, that the average sales price per vehicle is $85,000 and that all sales are

realised at the end of December 2020. All variable costs incurred by producing an additional vehicle to

be sold in North America in 2020 are billed in euros (€) and amount to €55,000 per vehicle. Shipping

an additional vehicle to be sold in North America in 2020 are billed in € and amount to €3,000 per

vehicle.

The current spot exchange rate is (bid-ask) $1.11/€ - $1.12/€ and forward bid-ask is $1.18/€ - $1.185/€.

The option premium is 2.5% of US$ strike price, and option strike price is $1.085/€. Your finance team

made the following forecasts about the exchange rates at the end of December 2020:

• bid-ask will be $1.45/€ - $1.465/€ if the investors (and speculators) consider the euro (€) a safe

haven currency during the pandemic.

• bid-ask will be $0.88/€-$0.90/€ if the investors (and speculators) consider the U.S. dollar ($) a

safe haven currency during the pandemic

1. As the CFO, you decided to hedge using option contracts. Assuming expected final sales

volume is 35,000, what are your total revenue and the percentage revenue from hedging

(compared to no hedging) (do not use any variable costs to calculate in this question)

a) if the exchange rate (bid-ask) remains at $1.11/€ - $1.12/€?

b) if the investors consider the U.S. dollar a safe haven currency during the pandemic?

2. Assume that the Scenario 2 (Pandemic) took place in 2020 and the euro became a safe haven

currency during the pandemic. What are your euro cash flows if you did not hedge, hedged

using forward contracts, and hedged using option contracts?

This assignment builds on Globalization and Culture (Steger, 2017, p. 80) involves both the homogenization, and hybridization of cultural practices throughout the world. This assignment invites you to consider how the dynamics of cultural globalization shape your own lived experiences.

Instructions: Your task is to choose any ONE specific cultural product, experience, or expression, and explain how it reflects the dynamics of cultural globalization. You may, for example, choose to consider the ways in which a particular food you enjoy or music you listen to demonstrates the phenomenon of ‘glocalization,’ or perhaps how the adoption of a Western style of dress or the global popularity of an American movie reflects the phenomenon of cultural homogenization. Investigate your chosen example by exploring one or two credible outside sources for further information (e.g. news sites, business websites, magazine articles, music videos, etc.). Once you have a good amount of detailed information about your specific cultural product, experience, or expression, use theoretical and empirical details drawn from your readings, and related learning materials to explain precisely how your example demonstrates the phenomenon of cultural globalization. Remember to properly reference all ideas and information using APA referencing format, to avoid the serious academic offense of plagiarism.

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Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.

Required:

1. Calculate ending inventory and cost of goods sold at October 31, using the specific identification method. The October 4 sale consists of purses from beginning inventory, the October 13 sale consists of one purse from beginning inventory and two purses from the October 10 purchase, and the October 28 sale consists of three purses from the October 10 purchase and four purses from the October 20 purchase.

  

Required information

Skip to question

[The following information applies to the questions displayed below.]

Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.

Required:

1. Calculate ending inventory and cost of goods sold at October 31, using the specific identification method. The October 4 sale consists of purses from beginning inventory, the October 13 sale consists of one purse from beginning inventory and two purses from the October 10 purchase, and the October 28 sale consists of three purses from the October 10 purchase and four purses from the October 20 purchase.

what is the ending inventory?

what is cost of good sold?