7. In 2019, Taxpayer (“T”) is a single, 65 year-old individual who is a U.S. citizen. T turned 65 in 2019. T receives $18,000 of social security income in 2019 (the first year T received Social Security Benefits). Also, T received $6,000 of interest income from a municipal bond in both 2018 and 2019. On June 1, 2018, T took a job with a multi-national corporation which paid T $5,000 per month. As a condition of the job, T is required to work overseas, in the country of Austria, and T did in fact work in Austria for 214 days (From June 1 – December 31) in 2018. T is offered to continue to work (still in Austria and still for $5,000 per month) for seven additional months (from January 1 until the end of July, which is 211 days) in 2019, at which point T’s position would terminate. T is trying to decide whether T wants to continue to work for seven months in 2019 or quit on January 1. (These are T’s only transactions during 2018 and 2019).

a. What is T’s Gross Income in 2019 if T continues to work through July of 2019? __________________________________

b. What is T’s Gross Income in 2019 if T does NOT continue to work in 2019? __________________________________

c. Excluding the effects of the payroll tax and any credits, What is the economic benefit to T of continuing to work for 7 months in 2019 (meaning how much total extra money, after tax, will T have as a result of continuing to work in 2019)? _____________________

Consider an individual who allocates his total hours of work per week between the household and a competitive market. The available total number of hours of work is fixed at 50 per week. In the market the wage (w) is equal to the value of marginal product of labour. The value of marginal product of labour in the market (VMPM) and the value of marginal product in the household (VMPH) are given by the following equations:

VMPM = 100 - LM

VMPH = 80 - 2LH

where LM is the number of hours worked in the market and LH is the number of hours worked in the household

a) Find the number of hours worked in the market and the household per week, in absence of any taxes.

b) Suppose that a 20% tax is levied on wage in the market. Find how the hours worked in the market and the household change after the tax. What is the excess burden of the tax?

7. In 2019, Taxpayer (“T”) is a single, 65 year-old individual who is a U.S. citizen. T turned 65 in 2019. T receives $18,000 of social security income in 2019 (the first year T received Social Security Benefits). Also, T received $6,000 of interest income from a municipal bond in both 2018 and 2019. On June 1, 2018, T took a job with a multi-national corporation which paid T $5,000 per month. As a condition of the job, T is required to work overseas, in the country of Austria, and T did in fact work in Austria for 214 days (From June 1 – December 31) in 2018. T is offered to continue to work (still in Austria and still for $5,000 per month) for seven additional months (from January 1 until the end of July, which is 211 days) in 2019, at which point T’s position would terminate. T is trying to decide whether T wants to continue to work for seven months in 2019 or quit on January 1. (These are T’s only transactions during 2018 and 2019).

a. What is T’s Gross Income in 2019 if T continues to work through July of 2019? __________________________________

b. What is T’s Gross Income in 2019 if T does NOT continue to work in 2019? __________________________________

c. Excluding the effects of the payroll tax and any credits, What is the economic benefit to T of continuing to work for 7 months in 2019 (meaning how much total extra money, after-tax, will T have as a result of continuing to work in 2019)? _____________________

1. Supply chain management is the management of activities that transform raw materials

into intermediate goods and final products, and that deliver those final products to customers.

   True False

2. The challenges of the global supply chain include:

1. geographical distances
2. foreign market forecasting
3. exchange rates fluctuations
4. infrastructural inadequacies
5. all of the above

3. Describe the bullwhip or whiplash effect in the supply chain. How do you propose

to minimize its impact in your individual project?

4. Forward integration activities are a way for a company to address specific situations

in the supply chain, but also to engage in activities that are substantially different from its core

business. Cite examples of such activities for your individual project.

5. Modularization is a product design approach in which the product is assembled

from a set of standardized constituent units.

   True False

6. Explain the reasons for the complexity of the strategic planning for global facilities

network orientation. How do you address those in your individual project?

7.Apply to your individual project the three basic options for a company to focus its

global facility network: market focus, product family focus, process focus.

8. Discuss the interaction between marketing requirements and manufacturing complexity

with regard to your individual project. Relate to question 7. above.

9. One of the ways to exploit global sourcing is by switching among suppliers globally.

   True False

10. Why does an operations and logistics manager need to worry about exchange rate

fluctuations? Illustrate with your individual project.

11. The factors a firm needs to consider in assessing its operating exposure to real

exchange rate shocks are:

1. customer reactions
2. competitor reactions
3. supplier reaction
4. government reaction
5. all of the above

12. New information technologies integrate globalization by:

1. listing and storing basic information
2. transferring information
3. transforming data into information
4. all of the above
5. none of the above

show in a diagram the effect on the demand curve(if applicable), the supply curve(if applicable), the equilibrium price, and the equilbrium quantity of each of the following events .Then state clearly what happens to the equilibrium price and quantity. a. the market for steel in the us. Fuel efficiency regulatons have reduced the use of steel in automobile production and increased the use of lighters materials such as aluminum, and (ii) import restrictions limit the amount of steel that can be imported to the US b. the market for international airline tickets. (i) incomes decline due to a recession, and (ii) norwegian airlines(whch flies to many places besided Norway) adds more us cities to its list of international flight destinations. c. the market for nurses. (i) many nurses who previously delayed retirement during the Great Recession have begun to retire, meaning there are more nurses exiting the workforce than entering, and (ii) hospitals want to wire more nurses due to increased health care utilization from the Affordable Care Act

As a recently hired MBA intern, you are working in a consulting capacity to provide an analysis for Al Dente's Italian Restaurant. A financial income Statement is presented below: Sales $2,698,000 Cost of sales (all variable) $1,557,563 Gross Margin $1,140,438 Operating expenses: Variable $277,975 Fixed $213,675 Total operating expenses: $491,650 Administative expenses (all fixed) $564,375 Net operating income $84,413 This income statement presents the sales, expenses and pre-tax operating income for a local eating facility. At Al Dente, the average meal cost for lunches and dinners are $20 and $40 respectively. Al Dente serves both lunch and dinner 300 days per year and serves twice as many lunches as dinners. As the MBA intern you are to prepare a managerial

3. Using the CM income statement format, verify that your calculated break-even volume for lunches and dinners results in a NOI of zero (hint: in your prepared CM statement from #1, breakout the Sales dollars into subcategories lunch and dinner as shown below, using the values of X for in the # of meals cells). Present the entire CM statement at the BE level.

Janine has been an employee of Dress Me Inc. a national chain of clothing stores for women (the "Company") for the last 10 years. She began as a sales person and later, in 2017, after completing an MBA, was promoted by the Company to her current position as Senior Sales Manager. The position requires that Janine work regular office hours from Monday to Friday, as well as take occasional trips to visit major clients, which often exceed the traditional office hours. In January 2020, Janine was involved in a car accident that luckily did not leave her with any significant physical injury but the trauma is still evident. She suffers from bad quality of sleep and increased anxiety. She cannot drive anymore and using public transportation to visit clients does not really work. Janine requests to work in the form of fixed hours of work, weekdays only, 9:00am to 5:00pm with a 30 minute break at 12:00pm. She also requests to meet clients on zoom. The Company refuses her request. They say that it was vital that the hours of work of the Senior Sales Manager include occasional longer days and evenings to fit the needs of clients and that there is "an added value to client visits on site". If she can't do longer hours and visit clients -- they say -- she can go back to her old job as a sales person. Janine files a human rights complaint against the Company.

Briefly describe the legal arguments of both parties (Janine and the Company) in relation to the human rights complaint. [4 marks]

A child with Down Syndrome is born to a normal couple who have no prior history of the disease. Illustrate with a diagram how it would occur during gametogenesis. What factors would influence the birth defects of an individual with Down Syndrome?

A child with Down Syndrome is born to a normal couple who have no prior history of the disease. Illustrate with a diagram how it would occur during gametogenesis. What factors would influence the birth defects of an individual with Down Syndrome?