2. Brett is a successful leader in a global manufacturing organization, Maverick Industries with offices in Asia, North America and Europe. He graduated from University in Edmonton about 10 years ago, and was promptly hired with Maverick Industries and has been steadily promoted to increasing levels of leadership since then. Brett has never worked in the Asian or European markets but has recently landed himself in a Vice President of Global Manufacturing positon.

A. Why is it important for today’s leaders to develop cultural intelligence? Do you think a leader who has never had experience with people different from himself or herself can develop the ability to smoothly adapt to culturally different ways of thinking and behaving?

B. What is important for Brett to do to establish himself as an effective leader in his new role overseeing global manufacturing?

6) Tuition and fees at Eastern Washington University Suppose state law allows the university to increase tuition and fees by 3.5% per year. You would like you child to have enough money for four years at Eastern Washington University 16 years from now (suppose your child is 2 years old). According to EWU the current tuition and fees for THIS year is $7109.61 (this is based on three quarters of attendance). Create an Excel Table with first column “Years from now” and second column “Tuition and Fees”. Under Years from the first cell should be 0 and under tuition and fees the first cell should be $7109.61. Use the fact that the tuition and fee rate will increase by 3.5% per year to fill out this table and answer these questions:

a) How much will your child need in tuition and fees 16 years from now to attend EWU the first year?

b) How much total will your child need in tuition and fees for their four years at EWU (this would be years 16,17,18 and 19 from now)

Adam is an individual taxpayer who has these following activities:

2016: Short-term capital loss of (20,000), a short-term capital gain of 12,000, a Long-term capital loss of (15,000), and long-term gain of 10,000

2017: Short-term capital loss of (20,000), a short-term capital gain of 12,000, a Long-term capital loss of (12,000), and long-term gain of 20,000

2018: Short-term capital loss of (6,000), a short-term capital gain of 28,000, a Long-term capital loss of (11,000), and long-term gain of 30,000

Q1: What will be the carryover for Adam in 2019?

Q2: What capital loss or gain Adam will have for 2018?

A US manufacturing company has reached an EBIT of USD 500 mil. and paid USD 170 mil. in taxes last year. The Debt/Total Capital ration has been 25% (debt in the form of corporate bonds). The company is targeting a constant D/Capital ratio in the future. US 30-year T-Bond's current rate of return is 3%, the average excess return of the US stock market over the last 50 years is 5%. The beta of assets for the firm is 1.1 while the beta of debt equals 1.3. Estimate the weighted average cost of capital for this company. Describe in words what would happen to the company's cash flow and cost of capital if the company decided to raise the level of debt to 50% by taking a bank loan.

Inventory Control

You are the production manager of GVT Manufacturing, a company that manufactures a wide range of products, including fire extinguishers. Data shows that GVT is projected to manufacture 30,000 of these fire extinguishers next year. A production-year for GVT covers 300 days. Information on the product also reveals that each extinguisher requires one handle. Additional information gleaned from the production records shows the following: annual carrying cost per handle is US$1.50; production setup cost is US$150 and daily production rate is 300 handles. Required a) Calculate and state the optimal production order quantity that will minimise inventory costs. b) Calculate and state the corresponding inventory costs from the quantity calculated in (a).

X Company prepares monthly financial statements. On September 6, its accountant made an entry that resulted in a $54,000 increase in Cash and a $54,000 decrease in Accounts Receivable. Which of the following transactions is consistent with this entry? X Company did which of the following?

borrowed $54,000 from a bank and signed a note.
received $54,000 from a customer who bought merchandise with cash.
received $54,000 from a customer who had previously bought merchandise on account.
paid $54,000 to a supplier from whom the firm had previously bought merchandise on account.
received $54,000 from a new investor.
sold merchandise to customers on account for $54,000.

Honey Ltd, a New Zealand company, has sold US$150,000 of products to the US, to receive cash exactly one month later. At the time of sale, the spot rate of exchange is US$0.55, that is, NZ$1 buys US$0.55. Honey Ltd wishes to hedge the currency risk associated with this transaction, so on the day of the sale, the company buys a put option – that is, it buys the right to sell US$150,000 at an exercise price of US$0.57 one month later. The option costs $3,000 in cash. The relevant information is shown in the table below:

Required:

(i) In accordance with NZ IFRS 9, show the journal entry to record the sale and any additional journal entries that are required through to (and including) settlement.

(ii) What is the most that Honey Ltd can lose overall in this hedging activity (regardless of what the exchange rate is at settlement date)? Show all workings.

At Case Western Reserve University, 46.6% of the student body are undergraduates and 53.4% of those enrolled are graduate students. 60.7% of undergraduate students participate in extracurricular activities, while only 32.1% of graduate students participate in extracurricular activities. A student who participates in extracurricular activities is randomly selected. What is the probability that the student is an undergraduate? Use Baye’s theorem to solve this problem. (Write your answer as a percent rounded to 1 decimal place.)