In 2006 the United States is at full employment. Then, in 2007:

a. The real estate market collapses. Illustrate with a graph the effect of this event on the aggregate economy. Identify the result in the unemployment rate, real GDP and the price level.

b. Oil producing countries cut production. Illustrate with a graph the effect of this event on the aggregate economy. Identify the result in the unemployment rate, real GDP and the price level.

There was almost a complete turnover of the staff assigned to the New Century audit engagement team from 2004 to 2005. What quality control mechanisms should accounting firms have in such circumstances to ensure that a high-quality audit is performed?

a. Carefully comment on the statement that " Health Education and Health Promotion are one
and the same thing''.
b. The development of Health Promotion as a discipline can be summarized into three (3) eras.
Name these eras and briefly explain the characteristics of each era.
c. Carefully explain how these eras are related to the 3 models of Health
( 20 Marks)
Question 3.
a. Explain the term Community Empowerment.
b. Carefully explain four (4) ways by which Health Promotion can contribute to Community
Empowerment.
c. State two (2) possible disadvantages of community participation in health programmes.

Suppose that you are 21 years old, and making retirement plans. You are starting to contribute $800 per month to your retirement account at the beginning of each month. You intend to do so until the age of sixty three and then stop the contributions. You will retire at age 67. You receive a 5% APR compounded monthly on your account. How much will you have if you allow interest to accrue to age 67? (K means 1,000's)

Group of answer choices >

> $1690K

$1680K - $1690K                                                        

< $1660K

$1660K -$1670K

$1670K -$1680K

Willow Brook National Bank operates a drive-up teller window that allows customers to complete bank transactions without getting out of their cars. On weekday mornings, arrivals to the drive-up teller window occur at random, with an arrival rate of 30 customers per hour or 0.5 customers per minute.

(a)

What is the mean or expected number of customers that will arrive in a four-minute period?

(b)

Assume that the Poisson probability distribution can be used to describe the arrival process. Use the arrival rate in part (a) and compute the probabilities that exactly 0, 1, 2, and 3 customers will arrive during a four-minute period. (Round your answers to four decimal places.)

(c)

Delays are expected if more than three customers arrive during any four-minute period. What is the probability that delays will occur? (Round your answer to four decimal places.)

3. [8 marks] Suppose a survey is conducted by Ipsos, a Canadian market research polling firm, on user satisfaction with cell phone coverage across the country. They sample 10 customers at random without replacement. Assume all sampled customers are independent. Suppose 30% of users nationwide are satisfied with their cell phone coverage.

a) [5 marks] Calculate the probability that 3 or more of the 10 randomly sampled cell phone customers are satisfied with their cell phone coverage.

b) [1 mark] Why is the probability that exactly 3 out of the 10 randomly sampled customers are satisfied with their cell phone coverage different from 0.3? Please answer in at most three sentences.

c) [1 mark] On average, in a sample of 10 customers, how many do you expect to be satisfied with their cell phone coverage?

d) [1 mark] Calculate the variance of the random variable associated with the number of satisfied customers.

Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below:

When preparing its planning budget the company estimated that it would serve 35 customers per month; however, during May the company actually served 40 customers.

1. What amount of revenue would be included in Adger’s flexible budget for May?

2. What amount of employee salaries and wages would be included in Adger’s flexible budget for May?

3. What amount of travel expenses would be included in Adger’s flexible budget for May?

4. What amount of other expenses would be included in Adger’s flexible budget for May?

5. What net operating income would appear in Adger’s flexible budget for May?

6. What is Adger’s revenue variance for May? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

7. What is Adger’s employee salaries and wages spending variance for May? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

8. What is Adger’s travel expenses spending variance for May? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

14. What activity variance would Adger report in May with respect to its revenue? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

"The A.M.I. Company is considering installing a new process machine for the firm's manufacturing facility. The machine costs $573,000 installed, will generate additional revenue of $86,000 per year, and will save $60,000 per year in labor and material costs. The machine will be financed by a $202,000 bank loan repayable in three equal annual installments with a 11% interest rate. The machine will be depreciated using seven-year MACRS. The useful life of the machine is 10 years when the machine will be sold for $29,000. The marginal tax rate is 40%. Compute the IRR of the investment. Enter your answer as a percentage between 0 and 100."

SHOW ALL WORK OR EXPLAIN EXCEL FORMULAS

Matthew (48 at year-end) develops cutting-edge technology for SV Inc., located in Silicon Valley. In 2017, Matthew participates in SV’s money purchase pension plan (a defined contribution plan) and in his company’s 401(k) plan. Under the money purchase pension plan, SV contributes 15 percent of an employee’s salary to a retirement account for the employee up to the amount limited by the tax code. Because it provides the money purchase pension plan, SV does not contribute to the employee’s 401(k) plan. Matthew would like to maximize his contribution to his 401(k) account after SV’s contribution to the money purchase plan. (Leave no answer blank. Enter zero if applicable.)

Assuming Matthew’s annual salary is $284,000.

b-1. What amount will SV contribute to Matthew’s money purchase plan?

  

b-2. What can Matthew contribute to his 401(k) account in 2017?

Assuming Matthew’s annual salary is $76,000.

c-1. What amount will SV contribute to Matthew’s money purchase plan?

c-2. What amount can Matthew contribute to his 401(k) account in 2017?