A 28-year-old man pays $254 for a one-year life insurance policy with coverage of $11,684. If the probability that he will live through the year is 0.995, what is the expected value for the insurance policy?

The probability that a 55-year-old white male will live another year is .99251. What premium would an insurance company charge to break even on a one-year $1 million term life insurance policy?

QUESTION: Suppose the government borrows $5 billion more next year than this year (for example, theymove from a balanced budget to a $5 billion deficit or from a $10 billion deficit to a $15 billiondeficit).

a. Use a supply-and-demand diagram to analyse this policy. Does the interest rate rise or fall?

b. What happens to investment? To private saving? To public saving? To national saving?Compare the size of the equilibrium changes with the $5 billion of extra borrowing. Is it thesame, less, or more? Carefully explain why and distinguish the various movements in thediagram.

c. How do the elasticities of supply of and demand for loanable funds (i.e. the slopes of thecurves) affect the size of these changes? (Hint: See chapter 5 to review the definition ofelasticity.)

d. Suppose households believe that greater government saving today implies lower future taxessince there will be little government debt. What does this belief do to private saving and thesupply of loanable funds today? Does it increase or decrease the effects you discussed inparts (a) and (b)?

On Jan1, year 5, ABC Co. Issued $100,000, of 5 year, 12%bonds at a market (effective) interest rate of 13%, receiving cash of $96,406. Interest on the bonds is payable semiannually on June 30 and Dec 31. Compute the following: i. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds. ii. Journalize the entries to record the following: a. The first semiannual interest payment on June 30, Yr. 5, and the amortization of the bond discount, using the interest method. b. The interest payment on Dec 31, Year 5 (second interest payment) and the amortization of the bond discount, using the interest method. c. The interest payment on June 30, Year 6(third interest payment) and the amortization of bond discount, using the interest method.

M.E. is a 66 year old woman who has a 2-year history of progressive forgetfulness. After a neurological evaluation, M.E. was diagnosed as having Alzheimer Disease (AD). She is no longer able to care for herself, has become increasingly depressed and paranoid, and recently started a fire in the kitchen. Her husband and children have come to the Alzheimer unit at your extended care facility to seek information about AD and discuss the possibility of placement for M.E. You assure the family that you have experience dealing with the questions and concerns of most people in their situation.

1. How would you explain AD to the family?

2. M.E.’s husband asks, “How did she get Alzheimer’s? We don’t know anyone else who has it.” How would you respond?

3. After asking the family to describe M.E.’s behavior, you determine that she is in stage 2 of the disease. Describe the common signs and symptoms for each of the three stages of the disease and the length of time each stage generally lasts.

4. M.E.’s daughter expresses some frustration at the number of tests M.E. had to undergo and the length of time it took for someone to diagnose M.E.’s problem. What tests are likely to be performed, and how is AD diagnosed?

M.E.’s husband states, “How are you going to take care of her? She wanders aroung all night long. She cannot find her way to the bathroom in a house that she lived in for 43 years. She cannot be trusted to be alone anymore. She almost burned the house down. We’re all exhausted; there are three of us, and we can’t keep up with her.” You acknowledge how exhausted they must be from trying to keep her safe. You tell the family he Alheimer units have been created to provide a structured, safe environment.

5. Describe specific nursing interventions to place in M.E.’s plan of care that are aimed at minimizing her risk of falling.

6. M.E.’s son wants to know why the unit is only accessible through a keypad locked door. He is worried that there are violent patients on the unit. How will you respond?

7. Describe the Alzheimer-related nursing interventions related to each of the following problems: chronic confusion, inability to perform self-hygiene, disturbed sleep pattern, impaired verbal communication, and agitation.

8. M.E.’s son asks whether medications can help her AD. How would you respond?

9. What other medications might be prescribed for AD and why?

10. Who can you collaborate with and for what problems?

Given the following information:

Other information:

• The manufacturer uses FIFO.
• All Variable costs are direct costs

Required:

1. Prepare an income statement for the Current Year based on Variable Costing.

2. Prepare an income statement for the Current Year based on Absorption Costing.

3. Reconcile the difference in Net Income between Variable Costing and Absorption Costing for the current year.

4. Near the very end of the fiscal year, the production manager noted that if Net Income increases by $200 they will get a big bonus. How can the production manager increase Net income using Absorption costing even though no additional units will be produced?

The balance sheet data below for Randolph Company for two recent years.

Required:

a. Using horizontal analysis, show the percentage change for each balance sheet item using Year 1 as a base year. If required, round percentage to one decimal place. If required, use the minus sign to indicate decreases in amounts and percents (negative values).

b. Using vertical analysis, prepare a comparative balance sheet. If required, round your answers to one decimal place.

A company has increasing accounts receivable, increasing inventory and decreasing accounts payables year over year on the balance sheet.  Which of the following is correct about the impact operating cash flow?

On July 1, Year 1, Danzer Industries Inc. issued $1,300,000 of 9-year, 10% bonds at a market (effective) interest rate of 11%, receiving cash of $1,226,906. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.

Required:

1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1. If an amount box does not require an entry, leave it blank.

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2. Journalize the entries to record the following: If an amount box does not require an entry, leave it blank.

a. The first semiannual interest payment on December 31, Year 1, and the amortization of the bond discount, using the straight-line method. (Round your answer to the nearest dollar.)