Johnson paid $325,000 to acquire 100% of Willis Corporation in a statutory merger. In addition, Johnson also agreed to pay the shareholders of Willis $0.40 in cash for every dollar in income from continuing operations of the combined entity over $75,000 in the first three years following acquisition. Johnson projects that there is a 20% (45%, 35%) probability that the income from continuing operations in the first three years following acquisition is $65,000 ($90,000, $115,000 respectively). Johnson uses a discount rate of 7%.

Information for Willis Corporation immediately before the merger was as follows:

Previously unreported items identified as belonging to Willis:

1. Show your determination of the contingent consideration.
2. Show your determination the goodwill to be reported in this acquisition.

David E. Brown is an expert in wildlife conservation. In his book The Wolf in the Southwest: The Making of an Endangered Species (University of Arizona Press), he records the following weights of adult grey wolves from two regions in Old Mexico.

Chihuahua region: x₁ variable in pounds

Durango region: x₂ variable in pounds

(a) Use a calculator with mean and standard deviation keys to calculate x₁, s₁, x₂, and s₂. (Use 2 decimal places.)

(b) Let μ₁ be the mean weight of the population of all grey wolves in the Chihuahua region. Let μ₂ be the mean weight of the population of all grey wolves in the Durango region. Find a 99% confidence interval for μ₁ – μ₂. (Use 2 decimal places.)

Twenty-three (24) states have made laws to allow medical marijuana usage and now more states (Colorado, New Jersey, Washington. Etc.) have legalized the recreational use of marijuana by adults. The legalization of Marijuana has been an ongoing debate in the United States. Many perspectives (some positive, some negative) have been presented in the press about the reasons for or against marijuana. The most pervasive argument against is that marijuana is a considered. Others concerns include potential drug addictions, increased crime rates, negative effects to the brain, etc... The American Psychological Association (APA) has posted a position paper titled, Medicine or Menace, which problematizes marijuana usage and legalization. For this weeks discussion, I want you to answer the following questions.

1. Should marijuana be legal or is its legalization a devastating mistake? Explain your stance with facts that are backed up by the book or other sources.

2. Do you think American culture is ready to effectively handle having marijuana legalization? Why or why not?

First, launch NetBeans and close any previous projects that may be open (at the top menu go to File ==> Close All Projects). Then create a new Java application called "PasswordChecker" (without the quotation marks) that gets a String of a single word from the user at the command line and checks whether the String, called inputPassword, conforms to the following password policy. The password must: Be exactly three characters in length Include at least one uppercase character Include at least one digit If the password conforms to the policy, output "The provided password is valid." Otherwise, output "The provided password is invalid because it must be three characters in length and include at least one digit and at least one uppercase character. Please try again." Some other points to remember... Do not use a loop in this program.

The Character class offers various methods to assist us in finding a digit or cased letter. Remember to press "." to locate these methods and to leverage the online resources shown in our course thus far." For this PA, do not use pattern matching (aka "regular expressions").

SUBJECT : HEALTHCARE ETHICS

You are a general practitioner and a mother comes into your office with her child who is complaining of flu-like symptoms. Upon entering the room, you ask the boy to remove his shirt and you notice a pattern of very distinct bruises on the boy's torso. You ask the mother where the bruises came from, and she tells you that they are from a procedure she performed on him known as "cao gio," which is also known as "coining." The procedure involves rubbing warm oils or gels on a person's skin with a coin or other flat metal object. The mother explains that cao gio is used to raise out bad blood, and improve circulation and healing. When you touch the boy's back with your stethoscope, he winces in pain from the bruises. You debate whether or not you should call Child Protective Services and report the mother.

Questions:

Should we completely discount this treatment as useless, or could there be something gained from it?

When should a physician step in to stop a cultural practice? (If someone answers "when it harms the child" remind that person that there is some pain in many of our medical procedures, for example, having one's tonsils removed)

Should the physician be concerned about alienating the mother and other people of her ethnicity from modern medicine?

Do you think that the physician should report the mother?

Four separate cases involving similar fact situations were consolidated as they presented the same constitutional question. In each case, police officers, detectives, or prosecuting attorney's took a defendant into custody and interrogated him in a police station to obtain a confession. In two of these cases the officials did not fully and effectively advise the defendants of their rights at the outset of the interrogation. In one case the officer stated that the defendant had the right “to talk to a lawyer for advice before any questioning. And that he had the right to have an attorney present during questioning.” In the fourth case the defendant remained silent during the questioning but did respond to three questions: “Do you believe in God?” Do you pray to God?” And, crucially “Do you pray to God to forgive you for shooting that boy down?” Police interrogations produced oral admissions of guilt from each defendant, as well as signed statements from two of them, which were used to convict them at their trials. The defendants appeal, arguing that the officials should have warned them of their constitutional rights and the consequences of waiving them before the questionings began, that two were not properly advised and that one did not waive his right to remain silent. It was contended that to permit any statements obtained without such a warning violated their Fifth Amendment privilege against self-incrimination. Were the defendants' constitutional rights violated? Discuss and support your answer.

1. A stone is thrown upward from a tower with initial velocity of 3 m/s. Height of tower is 50 m above the ground.

• What would be its position after 3.4 secs?
• What would be its speed after 3.4 secs?
• What would its velocity be when it hits the ground?

2. Duterte throws a ball upward at 15 m/s while standing on the edge of a building so that the ball can fall to the base of the building 50 m below. How long does it take the ball to reach the base of the building?

3. A Phil. Air Force helicopter is ascending vertically with a speed of 4.8 m/s at a height of 120 m above the earth, a package is dropped from the helicopter on a mission. How much time does it take for the package to reach the ground?

4. A ball is thrown vertically upward with an initial velocity of 3 m/s, from the window of a condominium. The ball strikes the sidewalk at the ground level 4 seconds later. Find the height of the window above the ground level.

5. A window of the new condominium at Ayala Commercial Center has a height of window “h” above the ground level. A boy throws a ball with an initial velocity of 2.8 m/s upward from the window of the building. Find the value of “h” if the ball strikes the ground 4.2 sec. later.

Back in the dumps, India’s state-owned banks endure a string of bad news A brief flurry of optimism in the sector comes to an end Print edition | Finance and economics Feb 15th, 2018| MUMBAI OF LATE Indian bankers have felt an unfamiliar sensation: optimism. A 1.3trn-rupees ($21bn) bail-out from the government seemed to have cleaned up the bad lending decisions of years gone by. A new bankruptcy law gave them an edge in long-standing battles with recalcitrant borrowers. It seemed a few Indian companies, having for years eschewed fresh investment, might even start borrowing again. This week woes linked to mismanagement at India’s three biggest partially state-owned lenders plunged the bankers back to their habitual gloom. On February 14th Punjab National Bank (PNB) announced it was investigating a fraud worth 114bn rupees, equivalent to about a third of its market capitalization. A few days earlier the State Bank of India (SBI) unveiled its first quarterly loss since 1999. And Bank of Baroda has hastily announced the closure of its South African operation, accused of having shady business associations there. The Punjab heist is potentially the most serious. The second-largest nationalized bank admitted that employees in Mumbai had approved transactions that left PNB on the hook for $1.8bn. This suggests, to put it mildly, some lacunae in how the place is run. Its shares fell by over 10% as investors tried to assess whether the sum had been lost or was merely at risk. The bank has reportedly filed a complaint against a jeweler, Nirav Modi, and some of his family and businesses. Its accusation, to which Mr. Modi has not responded, is that he induced bank employees to issue letters of credit, which were left off PNB’s books. The letters of credit seem then to have been used as security to borrow from other banks overseas. Mr. Modi says he is willing to sell his businesses to make the banks whole. SBI’s troubles are far easier to grasp. Like other state-owned lenders, which control about two-thirds of assets in the banking system, SBI has repeatedly had to adjust its quarterly profits to recognize that some loans made in past years are unlikely to be repaid. Losses linked to bad loans soared in the most recent quarter, in part because the Reserve Bank of India, the regulator, forced SBI to recognize even more of its loans as duds than it had done previously. The regulator did not say whether it regarded SBI’s management as negligent, or dishonest. Finally, Bank of Baroda, the third-largest nationalized lender, on February 12th announced it would be pulling out of South Africa, one of a handful of markets it had entered in the past two decades. Its strategy of building its franchise by lending to the Indian diaspora had not reckoned with the Gupta brothers, three financiers accused of having undue influence in President Jacob Zuma’s inner circle. An investigation by the Hindustan Times and others detailed how Baroda stuck by the Guptas even as other banks pulled back. Baroda says it is co-operating with South African authorities, which are investigating. The bad news has helped to wipe out half the share-price gains of the 21 state-owned banks after the government’s rescue plan was unveiled in October. Most are trading below the stated value of their net assets, implying investors still don’t trust their accounts. Taken together, all the nationalized lenders are now worth less than HDFC Bank, a single private lender. It may be some time before optimism returns.

What was your reaction when you read this? What did you learn from this? What do you think is the solution to this problem.

Could similar problems arise in the USA? If so, what needs to be done nwo?

Case study: The Good, the Bad and the Ugly - A Story of Vadym Hetman As CEO of Avani International, Hetman headed the growth of a corporate giant. At its peak, Avani was gobbling up 200 companies a year. Under his leadership, the value of Avani increased 70-fold. In 2011, Hetman proclaimed his desire to be remembered as the world greatest business executive. Things turn sour when Hetman and his former chief financial officer were accused of running criminal enterprise within Avani. The two were charged stealing $170 million directly from the company and pocketing an additional $450 million through manipulated sales of stock. Hetman’s action has almost destroyed the company where he worked for 25 years. In 2012 alone the value of the company’s stock dropped $90 billion. Hetman spent his early years in humble circumstances. He grew up in the 1960’s in Jackson, Alabama. He said he was the son of a cop. It was only after he was accused did it come out that his father was never a police officer in Jackson or anywhere else. However, his mother did work for the Jackson Police Department as a school crossing guard. His father, in actuality, was a wheeler-dealer who was a practiced deceiver and an effective persuader. He had a strong personality but for the most part kept his misdeeds to little white lies. Friends remember Hetman as an easygoing kid who did well in school without trying very hard. He was elected “class politician” by high school graduating class. He went on to Samford, paying his way to college by playing guitar in a band. He served in Bangkok held a few accounting job, and eventually joined Avani in 1980s. Over the course of the 1990s, Hetman’s happy-go-lucky character disappeared. As he climbed the ladder at Avani, he became a corporate tough guy, both respected and feared. He eventually became CEO in 2001 and administered the rapid expansion of the company. Meanwhile, Hetman learned to live big. He had a $18 million apartment in Los Angeles, a $35 million mansion in Georgia, and a $20 million yacht. He spent $25 million on art for his luxury homes. He took extravagance to the extreme, for instance, spending $5, 000 on a shower curtain. The more he made, the more he spent, and the more he allegedly stole. Although his total compensation was $160 million in 2008, it wasn’t enough. He manipulated the company’s relocation fund and Employee Loan Program to take hundreds of millions in interest-free funds. In 2010 for instance, he gave his wife $1.5 million to start a restaurant, spent $2 million on birthday party in the Hawaii Island for his wife, and gave away $50 million in corporate funds to make humanitarian contributions in his own name. (Source: Adapted from Stephen, P. Robbins, “Organizational Behavior”, 2005)


1 Based on the case study:

(a) Examine Hetman’s personality trait.

(b) Discuss how Hetman’s past shaped his personality

(c) Based on your answer in (a). Discuss two (2) character traits that might influence Hetman’s behaviour and performance at work.

(d) Discuss two (2) factors present in the case study that most likely influence Hetman’s perception of achievement.

(e) Which motivation theory do you think best explains Hetman’s behaviour and work performance? Justify your answer.

(f) “Hetman just did what anybody would do if they had the chance. The people at fault in this case are Avani’s Board of Directors for not controlling their CEO”. Do you agree or disagree with this statement? Discuss your answer based on the characteristics of effective team.

(g) Discuss what Avani International should do if symptoms of groupthink exist in the company.