1. Compare the Keynesian school to the classical school.   What are the implications to the issues discussed in a public finance course?

A private school is considering the purchase of six school buses to transport students to and from school events. The initial cost of the buses is $600,000. The life of each bus is estimated to be 5 years, after which time the vehicles would have to be scrapped with no salvage value. The school’s management team has derived the following estimates for annual revenues and cost for the next 5 years.

The buses would be purchased at the beginning of the project (i.e., in Year 0) and all revenues and expenditures shown in the table above would be incurred at the end of each relevant year.

Because schools are exempt from taxes, the school’s corporate tax rate is 0 percent. A business consultant has advised management that they should use a weighted average cost of capital (WACC) of 10.5% to evaluate this project.

• Prepare a table showing the estimated net cash flows for each year of the project. Explain all steps involved in your calculation of the Year 1 estimated net cash flow.
• Calculate the project’s Payback Period. Explain in your own words, all steps involved in the calculation process.
• Calculate the project’s Internal Rate of Return (IRR). Explain in your own words, all steps involved in the calculation process.
• Calculate the project’s Net Present Value (NPV). Explain in your own words, all steps involved in the calculation process.

Which of the three evaluation techniques that you computed (i.e., payback period, IRR and NPV), should the firm use to make its decision of whether or not to accept this project? Why did you choose this technique? Is one of these techniques better than the others and if so, why?

Finally, what are some risk factors inherent in this capital budgeting analysis? Make a list of at least three items that could cause the outcome of this project to be substantially worse than management currently expects (as reflected in their revenue and cost estimates, WACC estimate, etc.). Fully explain each of the risk factors you identify.

in JAVA, Hash table

The goal is to count the number of common elements between two sets. Download the following data sets, and add them to your project:

• girlNames2016.txt
• boyNames2016.txt

These files contain lists of the 1,000 most popular boy and girl names in the US for 2016, as compiled by the Social Security Administration. Each line of the file consists of a first name, and the number of registered births that year using that name.

Your task is to determine which names appeared on BOTH the boys list and girls list. We want a list of the most popular baby names that could be used for either a girl or a boy (ex. Alex or Drew).

Create a Driver class, and in the main method, use the following algorithm:

1. Read each girl name as a String, ignoring the number of namings, and add it to a set girlNames.
2. Read each boy name as a String, ignoring the number of namings, and add it to a set boyNames.
3. Calculate the intersection of these sets and place the result into a new set unisexNames.
   1. Build this set by iterating through one set, and checking whether the other set contains that element. If so, this element belongs to both sets and should be added to unisexNames.
4. Print all elements in unisexNames.

girlName2016.txt:

boyName2016.txt

Complete the following sentence with the correct term.

A manager with many direct subordinates has a wider __________(Options:span of management/accountability/authority/responsibility) than does a manager with only a few subordinates.

___________(Staff authority/Accountability/Work specialization/span of management) is involved when your manager reviews your performance and evaluates your outcomes.

Management at Work

Bricks ‘n’ Bats makes children’s toys. The CEO is reorganizing the company to adjust to several changes in the environment. One is the increasing sales of toys online instead of in brick-and-mortar stores. Another is a trend toward less gender orientation in the marketing of toys, as evidenced by Target’s decision to stop labeling many children’s products as for boys or for girls. Yet another change is parents’ growing preference for toys that allow their children to build or make unique creations as well as for educational toys that teach science, math, and other topics. As the CEO considers various organizational structures, he hires you as an expert consultant.

Answer the question posed by the CEO of Bricks ‘n’ Bats.

“Where would it make sense for managers to have wide spans of control?” Check all that apply.

In shipping, where most employees are very experienced and highly trained

In manufacturing, where most employees perform similar tasks that don’t change much over time

In logistics, where employees need to coordinate with several other areas to do their work

In marketing, where most employees and contractors work out of their homes located across the country

Management at Work

Brian, Cedric, Daesun, Nick, and Jake are wool blanket makers, all of whom perform the following steps each year:

Suppose Brian proposes that—instead of each man performing all five tasks—they divide the tasks so that Brian raises and takes care of all the sheep, Cedric shears the sheep to obtain the wool, Daesun prepares the wool to be turned into blankets, Nick makes the blankets, and Jake brings the blankets to market for sale.

The men agree to this proposal and find that specialization yields both positive and negative outcomes.

In the following table, indicate which of the following outcomes reflect likely benefits and which reflect possible drawbacks of the men’s new work structure.

A small-town restaurant owner understands that she needs to meet or exceed customers' expectations. Therefore, she must first:

Group of answer choices know where customers live. know how often consumers buy their products.

determine what those expectations are.

recognize that expectations are tangible.

empower customers to meet their own expectations.

2. If a product's sales are rising, profits are rising rapidly, and there are a small but increasing number of competitors, this product is most likely in the ________ stage of the product life cycle.

Toyota started making one type of Camry (car). When they started adding different colors, features and styles of Camry, this was best thought of as:

Group of answer choices

extending product mix breadth

line extension

brand extension

a new product category

A start-up company in Silicon Valley is developing new educational video games. The company has employees try it out on various systems to see if the games work. At this stage, they are involved in:

Group of answer choices

test marketing.

product launch.

beta testing.

alpha testing.

13. In a survey of 500 males ages 20 to 24, 15.8% were neither in school nor working. In a survey of 500 females ages 20 to 24, 17.8% were neither in school nor working. At a = 0.05, can you support the claim that the proportion of males ages 20 to 24 who were neither in school nor working is less than the proportion of females ages 20 to 24 who were neither in school nor working?

1) What does the Austrian School of Thought say causes business cycles?

2) What does the Real Business Cycle Theory say causes business cycles?

3) How is the Real Business Cycle Theory different from the Keynesian school of thought?

4) How is the Austrian School of Thought different from the Monetarist school of thought?

5) What are the strengths of the Neoclassical Schools of Thought?

6) What are the weaknesses of the Neoclassical Schools of Thought?