*"About 1.2 million additional advanced robots are expected to be deployed in the U.S. by 2025, Boston Consulting Group says. Four industries will lead the shift — computer and electronics products; electrical equipment and appliances; transportation; and machinery — largely because more of their tasks can be automated and they deliver the biggest cost savings." (Davidson, Paul. “More robots coming to U.S. factories” USA TODAY, February 9, 2015)

The systems (Robot X and Robot Y) shown below are under consideration for an improvement to an automated packaging process. Determine which should be selected on the basis of an Annual Worth Analysis using an interest rate of 10% per year.

**The answers presented below were calculated using the appropriate factors from interest tables including all their decimal places**

Question 14 options:

President Clinton's crime bill from 1994 suggested a federal program that worked much like a price subsidy; the federal government would augment local government expenditures on police with additional funds from the federal treasury. (Assume police services is a normal good).

A. Draw an indifference curve diagram that depicts the changes in consumption of Police Services (x-axis please) and all other goods that occurs when the government first offers a police services subsidy to a state.

B. Congressional Republicans wanted to replace this price subsidy with block grants to the states that would involve just giving the states a set amount of money, which they could allocate as they chose. Suppose a state is receiving $100 million from the federal government under the price subsidy system in part A.. Now suppose the funding is changed so they receive a $100 million block grant. Analyze the impact on spending for "police services" and "all other goods" for this particular state using an indifference curve diagram. In particular, will "police services" increase, decrease, remain unchanged or is it impossible to tell? Why? What would happen to state “utility” under the block grant program versus the police services subsidy.

Question 24. Calculate GDP the following three ways (note there is a missing line in the above chart):

A. As value added

B. As spending on final goods and services

C. As factor income (the companies have no rent or interest payments)

The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods:

1. The gross margin is 25% of sales.

2. Actual and budgeted sales data:

3. Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The accounts receivable at March 31 are a result of March credit sales.

4. Each month’s ending inventory should equal 80% of the following month’s budgeted cost of goods sold.

5. One-half of a month’s inventory purchases is paid for in the month of purchase; the other half is paid for in the following month. The accounts payable at March 31 are the result of March purchases of inventory.

6. Monthly expenses are as follows: commissions, 12% of sales; rent, $2,500 per month; other expenses (excluding depreciation), 6% of sales. Assume that these expenses are paid monthly. Depreciation is $972 per month (includes depreciation on new assets).

7. Equipment costing $1,700 will be purchased for cash in April.

8. Management would like to maintain a minimum cash balance of at least $4,000 at the end of each month. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $20,000. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter.

Required:

Using the preceding data:

1. Complete the schedule of expected cash collections.

2. Complete the merchandise purchases budget and the schedule of expected cash disbursements for merchandise purchases.

3. Complete the cash budget.

4. Prepare an absorption costing income statement for the quarter ended June 30.

5. Prepare a balance sheet as of June 30.

1. Which of the following statements is most correct regarding Real GDP?

1. Real GDP measures changes to actual production by removing the effects of inflation
2. Real GDP measures impact of inflation on the Canadian economy
3. Real GDP measures the proportion of production increases attributed to inflation
4. Real GDP is an inferior measure of economic growth, compared to Current GDP

2. What is GDP if Canada’s government spending is $250 billion, exports are $115 billion, gross investment is $120 billion, imports are $90 billion, and consumption spending is $420 billion?

1. $575 billion
2. $765 billion
3. $815 billion
4. $995 billion

3. Which of the following statements about the Consumer Price Index (CPI) is incorrect?

1. Harmful goods, such as cigarettes and alcohol, are excluded from CPI calculations
2. The CPI indirectly measures the purchasing power of consumers’ incomes
3. The goods included in the CPI calculations are weighted based on their importance to a typical household
4. The CPI may not be accurate for households who purchase large amounts of luxury goods

4. Which type of unemployment is most likely to mirror the business cycle?

1. Inadequate-demand
2. Frictional
3. Structural
4. Seasonal

Use the following data to answer questions 5-7.

Year Price Output

2000 $35 120,000

2001 $45 128,000

2002 $55 135,000

2003 $60 142,000

Base Year = 2001

5. What is the price index for 2003? a) 100

b) 109

c) 133

d) 171

6. What is the current GDP for 2000? a) $120,000

b) $3,276,000

c) $4,200,000

d) $9,360,000

7. What is the real GDP for 2002? a) $6,075,000

b) $6,086,066

c) $7,425,000

d) $9,058,500

8. What is the major difference between GDP and GNP?

1. GDP measures all production in Canada, while GNP measures only production by Canadian firms abroad
2. GDP measures all production in Canada, while GNP measures all production by Canadian- owned anywhere
3. GDP measures only production by Canadian-owned firms in Canada and abroad, while GNP measures production in Canada only
4. GDP is a newer and more accurate measurement of economic activity than GNP

9. Which of the following items would be classified as a negative using the GPI measurement of economic growth?

1. Coal-burning power generation
2. Expansion of the public transit system
3. Government anti-tobacco campaign
4. All would be classified as negatives using the GPI

10. The Lorenz Curve illustrates the relationship between:

1. Inflation and unemployment
2. Real GDP and income level
3. Income level and income distribution
4. Unemployment and income distribution

11. A decrease in demand for imports would result in:

1. An rightward shift of the AD curve
2. A leftward shift of the AD curve
3. An rightward shift of the AS curve
4. A leftward shift of the AS curve

12. If the APC for a country’s economy was 1, then:

1. There will be no withdrawal from spending in the economy
2. There would be no savings in the economy
3. The MPS for the economy must also = 1
4. The economy does not place any value on spending money

13. Assume that you are given $2,800, your MPS is 0.4. How much of the $2,800 would you spend?

a) $420

b) $700

c) $1,680

d) $2,380

14. Which of the following factors would cause an AS curve to shift to the right?

1. An increase in savings
2. An increase in the amount of resources available
3. An increase in demand for imports
4. An increase in gross investment

15. The incidence of poverty in Canada is highest among which of the following groups?

1. Married couples with children
2. Single-parent families (female head)
3. Single-parent families (male head)
4. Elderly unattached females

16. A tax on cigarettes is an example of a:

1. Sales tax
2. Excise tax
3. Tariff
4. Custom duty

17. The benefits-received approach to taxation is difficult to implement because:

1. Some government programs have no benefits
2. The benefits from various government programs are difficult to measure
3. People who have to pay for services try not to use them
4. The government does not have a wide variety of taxes that they can impose on the public

18. A tax on personal income is an example of a:

1. Direct tax
2. Indirect tax

3. Excise tax
4. Both b) and c) are correct

19. “Equal treatment of equals” refers to which of the four tax principles?

1. Neutrality
2. Consistency
3. Equity
4. Efficiency

20. If an individual with a $20,000 income pays $5,000 in taxes, an individual with a $40,000 income pays $7,500 in taxes, and an individual with a $60,000 income pays $10,000 in taxes, then the tax system is:

1. Progressive
2. Regressive
3. Proportional
4. Equitable

21. If the country’s economy is experiencing a period of high unemployment, it is likely that the government will attempt to:

1. Raise taxes to combat unemployment, and inflation will rise as a result
2. Cut taxes to combat unemployment, and inflation will fall as a result
3. Increase spending to combat unemployment, and inflation will fall as a result
4. Increase spending to combat unemployment, and inflation will rise as a result

22. Which of the following factors did not contribute to Canada’s period of stagflation in the 1970’s?

1. Increases in global oil prices
2. Devaluation of the Canadian dollar
3. Higher wages for Canadian labour
4. Government deregulation in the energy industry

23. Which of the following fiscal policy stabilizers is automatic?

1. An increase in education spending to help with textbook shortage
2. A decrease in property taxes for seniors
3. Employment insurance premiums
4. All are examples of automatic stabilizers

24. Which of the following is not a lag associated with discretionary fiscal policy?

1. Recognition lag
2. Political lag
3. Decision lag
4. Implementation lag

25. Which of the following statements would a proponent of supply-side economics agree with?

1. Consumer spending is the factor that drives a country’s economy
2. It is possible to simultaneously improve both inflation and unemployment
3. It is impossible to simultaneously improve both inflation and unemployment
4. An increase in aggregate supply will always lead to an increase in the price level

26. The current size of the Canadian public debt is:

1. $200-299 billion
2. $300-399 billion
3. $400-499 billion
4. $500-599 billion

27. If a government introduces a mix of surplus and deficit budgets over their term in power, based on the economic conditions at the time of the budgets, then the government is following which type of budgeting?

1. Functional finance
2. Full-employment budgeting
3. Annually-balanced budgeting
4. Cyclically-balanced budgeting

28. Which of the following problems is not considered a negative effect of the public debt?

1. The government’s spending decisions are restricted due to the large amounts of spending on debt charges
2. Repayment of outstanding debt can only be made by borrowing more money from ourselves or by raising our own taxes
3. The size of the debt results in lower interest rates which causes investors to look to foreign- owned investments
4. The exponential growth of the debt results in massive interest payments

29. Which of the following stabilizers would not be associated with an expansionary fiscal policy?

1. An increase in government environmental regulations
2. An increase in pollution control spending
3. An increase in waste management spending
4. A decrease in taxes used to fund environmental education

30. A reduction in government regulation regarding timber conservation would have what type of impact on aggregate demand and aggregate supply?

1. A leftward shift of the AD curve
2. A rightward shift of the AD curve
3. A leftward shift of the AS curve
4. A rightward shift of the AS curve

Early on, you were asked to write an explanation as to why you believe developing critical thinking and logic skills is important. How would you say your critical thinking or logic skills have changed by the end of this course? What do you think was the most valuable lesson from this quarter? Why?

1. Compare and contrast: Durable Power of Attorney and a Living Will.
2. Explain how the phenomenon of death and dying has changed as medicine and culture has changed over time.
3. From the patient’s perspective, explain Palliative care.
4. Explain in your own words; the cultural competence continuum
5. Explain how the triple aim of the affordable care act has changed health care as we know it in the US.

My company is General Dynamics Corporation (GD)

Evaluate other areas of financial analysis: capital spending, Beta values, credit rating service valuations (if possible), bond rating valuations (if possible), etc. (10% of the project grade)

1) Find the data for capital spending. How much did THE COMPANY spend on research, development, and engineering in the most recent year? How did this compare with the previous year?

2) Find the current beta for the company and its major competitor in the Internet. Find credit rating service valuations (if possible), bond rating valuations (if possible). Compare the beta values against the main competitor. In your report please answer the question: How risky the company is?