What does the US trade deficit since 1970 tell you about jobs gained and lost as trade, as a percentage of GDP, has increased? Who were the winners and who were the losers? How do you think this issue affected the 2016 election if so?

1. Determining Inheritance using Punnett Squares

The condition of sickle cell anemia is recessive and only the homozygous recessive individuals are adversely affected. Interestingly, heterozygous individuals have increased resistance to Malaria which is caused by a Plasmodium parasite that infects red blood cells. A heterozygous individual has red blood cells that are minimally affected but are altered enough so that Plasmodium cannot infect the cells. This is one reason why this allele persists in the population – in the heterozygous state it gives the individual an advantage for survival in some environments.

Veronica, who has the sickle cell condition, and Mason who does not have the condition have a child. They are worried about the having a child with sickle cell anemia and malaria because they are moving to a part of Africa where the Plasmodium is common. Who in this family should be worried about sickle cell anemia and contracting malaria?

1. Suppose Kifwong is a small economy with only five people and two income tax rates. The first $4,000 earned each month are taxed 30%. Anything earned over $4,000 each month is taxed 45%. Anyone who is not working receives unemployment benefits of $2,500, paid for by the government. The table below shows the income for the five people at two different time periods. (5 pts.)

1. Calculate the total tax revenue during the first period

2. Calculate the total tax revenue when the economy during the second period

3. Excluding Billy’s income, what is the percent change between total income in the first period and total income in the second period?

4. Briefly explain how the taxes act as an automatic stabilizer as the income increases from the first period to the second perio

5. Briefly explain how the fact that Billy earned a job in the second period acts as an automatic stabilizer.

1. Suppose Kifwong is a small economy with only five people and two income tax rates. The first $4,000 earned each month are taxed 30%. Anything earned over $4,000 each month is taxed 45%. Anyone who is not working receives unemployment benefits of $2,500, paid for by the government. The table below shows the income for the five people at two different time periods. (5 pts.)

1. Calculate the total tax revenue during the first period

2. Calculate the total tax revenue when the economy during the second period

3. Excluding Billy’s income, what is the percent change between total income in the first period and total income in the second period?

4. Briefly explain how the taxes act as an automatic stabilizer as the income increases from the first period to the second perio

5. Briefly explain how the fact that Billy earned a job in the second period acts as an automatic stabilizer.

Jamie has been accepted to a university in a city far from her home. She will need to rent an apartment and has two choices. The first choice , cost $1,000 per month, and is within walking distance of the university. The second apartment costs $925 per month, but Jamie will have to buy a bus pass in order to get to the university. The pass costs $100 per month. Jamie has been hired to work part time at a job that is a bus ride away from both apartments.

Identify which costs are relevant in the incremental analysis. What other factors should be considered?

Exercise 9-14 Computing and interpreting times interest earned LO A1

Use the following information from separate companies a through f:

You are Susan Dean, a 35 year old woman who has always been interested in owning your own business. You graduated from Gorham HS, attended SMCC, eventually transferring to USM where you earned a bachelor’s degree in Business with a major in Marketing. Eventually you went to graduate school and earned a Master’s of Business Administration (MBA). For the last 10 years you have worked as a marketing specialist/management specialist with Yum! Brands, Inc. where you helped management open several Taco Bells and Pizza Huts in southern Maine. In addition, you evaluated several underperforming stores that had to be closed. After contacting several major corporations you find that McDonalds is the only major brand looking to open another store in the town of Gorham near the USM campus. There is a Burger King in the area. You in fact actually worked at McDonalds when you were a youngster. You have decided that you would like to open a McDonald’s franchise in this area near USM. Your grandparents have left you with a significant amount of money for which you are grateful. You would like to use this towards your new business adventure. But you will need to finance the remaining balance. You apply for a business loan to a local bank. The bank requires you to submit a detailed business plan. This business plan will include projections for operating costs, revenue stream, profits, human resource needs, your business strategy, etc. There are multiple topics that have to be analyzed and for which projections have to be made. Because of this you will have to conduct a survey(s) in the Gorham region to assess multiple demographic, supply/demand issues, and other topics.

Discussion Question/Directions:

You are Susan Dean. You need to discuss issues for which you think a statistical study would be helpful (in obtaining the information needed for your business plan). his could be demographic information, assessing the desire for a McDonald’s in the region, traffic studies, household make up, what the projected demand would be, etc. There are hundreds of topics to zero in on. What topics do you think are important to know before you invest your money into such an important undertaking? What type of statistical study should be done? What types of data will you need to collect? How will you collect your data? How much do you think it will cost to gather your information?

6    The costs of a market activity paid for by an individual NOT engaged in the market activity are ________ costs.

7.    An external cost is best defined as the cost of an activity paid for by

4.    The personal decisions of consumers and firms are based on ________ cost(s).

8. The cost of an activity paid for by the individual and the third party is defined as a(n) ________ cost.

Scenario:

UAENATIVE is a SME company based in Ajman, UAE, with a shop front retailing a range of native products (including a range of pearl jewelry, traditional wooden furniture, art, pottery, cosmetic and perfumery). They are a small family-owned business with capitalization of AED20M, annual sales of AED3M, increasing at three percent per annum, and net profits of eight percent of total sales. The younger members of the management team are university educated, with the others industry experienced. However, in an ever- changing industry, their future business is uncertain.

Their main business is the wholesale sale of UAE native cultural products to International commercial retailers; however, they do supply to UAE domestic and commercial retailers (currently 50 percent of sales and 50 percent of profits).

While UAENATIVE manufacture majority of its own products, but their main suppliers for the raw material are based in Al-Ain and RAK. Supplier relations are all paper-based transactions, while long-term contracts are managed using email and facsimile transmission of orders.

The UAENATIVE management team is keen to expand the retail sales, which are potentially very profitable for the company and to improve relations with suppliers. To do this one member of the management team (who recently graduated from the Ajman University) has suggested the company create new supply chain management system.

You have been called in as an IT consultant. UAENATIVE wants to know how IT could be used to develop a supplier management system to improve the company’s operations. The company is keen to leave as much open as possible – you have been told that it is a ‘clean sheet’ strategy but cannot consume more than half the profits of next year’s business. The Chief Executive, Mr. A2Z, needs: Part1) System Planning, Part 2) System Analysis.

PART 1) : Analyzing the Business Case and Managing System Projects – 10 marks

Hints: Perform SWOT analysis, assess request feasibility from operational, economic, technical, and schedule perspectives, create WBS, and perform critical path analysis

PART 2): Requirement Engineering and Data and Process Modeling – 10 marks

Hint: Documentation of techniques that will be used for gathering system requirements, data flow diagrams and object modeling using UML