1) Which of the following arrangements results in an employer promising a former employee a fixed pension payment each month?

A) Defined benefit plan
B) Defined contribution plan
C) Optional retirement plan
D) Both a and b
E) None of the above

2) A government sponsors a defined benefit pension plan for which it accumulates resources in a Pension Trust Fund that meets GASB requirements. Which of the following should be reported in its proprietary fund statement of net position to report its pension obligation?

A) Total pension liability
B) Net Pension liability
C) Actuarially determined contribution liability
D) Pension obligation
E) None of the above

Mostafa, a former disc golf star, operates Mostafa’s Discorama. At the beginning of the

current season on April 1, the ledger of Mostafa’s Discorama showed Cash $1,800, Inventory $2,500, and Owner’s Capital $4,300.

The following transactions were completed during April.

April 5 Purchased golf discs, bags, and other inventory on account from Innova Co. $1,200,

                FOB shipping point, terms 2/10, n/60.

April 7   Paid freight on the Innova purchase $50.

April 9   Received credit from Innova Co. for merchandise returned $100.

April 10 Sold merchandise on account for $900, terms n/30. The merchandise sold had a cost of

$540.

April 12 Purchased disc golf shirts and other accessories on account from Lightning

Sportswear $670, terms 1/10, n/30.

April 14 Paid Innova Co. in full, less discount.

April 17 Received credit from Lightning Sportswear for merchandise returned $70.

April 20 Made sales on account for $610, terms n/30. The cost of the merchandise sold was

                 $370.

April 21   Paid Lightning Sportswear in full, less discount.

April 27 Granted an allowance to members for clothing that was flawed $20.

April 30 Received payments on account from customers $900.

Instructions

1. Journalize the April transactions using periodic inventory system.

A study in Sweden looked at former elite soccer players and people of the same age who did not play soccer. The table below shows the number of individuals in each group who had arthritis of the hip or knee by their mid-50’s. At α = .05, is the occurrence of arthritis related to playing soccer? Use the p-value method.

a) What are the null and alternative hypotheses?

H0:

H1:

b) Compute expected counts

c) What are the required counts for the Chi-square test? Are those counts satisfied?

d) Compute the test statistic, degrees of freedom, and P-value.

Χ² =

d. f. =

P-value =

e) Make a conclusion.

A drug rehabilitation center has kept records of the number of days that their former patients have remained drug free. Compute the range, mean, variance, and the standard deviation.

Use this information to answers questions #4 - #6.

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Question 4

What is the sample mean? (round to the thousandths)

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Question 5

What is the standard deviation? (round to the thousandths)

Question 6

Complete the 2x14 table by calculating the z score for each patient.

olleen Barrett is the former president of Southwest Airlines. She is a proponent of servant leadership and provides a case study of servant leadership in the assigned video, "Southwest Airlines' Colleen Barrett on 'Servant Leadership,'" and the article, "Servant Leadership."

Describe the ways Southwest Airlines uses servant leadership. What did you learn about servant leadership from the video? In what ways will you apply servant leadership in your field? How does servant leadership fit into Grand Canyon University's Christian worldview?

In the 1990s politicians in Washington D.C. were looking for ways to balance the budget. Former Federal Reserve Chairman Alan Greenspan brought attention to the importance of the Consumer Price Index (CPI) and its link to cost-of-living adjustments (COLAs) in several areas of the federal budget--most notably Social Security. Alan Greenspan argued that the CPI overstated inflation and thus led to unjustified COLAs. According to Alan Greenspan, these unjustified COLAs therefore increased the deficit, and if the overstatements in the CPI were corrected this would contribute to balancing the budget.

The Senate Finance Committee created the Boskin Commission in the 1990s to examine possible overstatements of the CPI. The commission came out with its estimate that the CPI overstated inflation by 1.1%.

Answer the following questions:

1. If the Boskin Commission's estimate was right and the CPI overstates inflation by 1.1 % every year--what does that say about real GDP per capita and living standards in general in the United States, which are affected by the CPI ?

2. What are some of the sources of this possible overstatement of the CPI, which is calculated by the Bureau of Labor Statistics?

In a Speech given on 16th March 2014 and titled “Reflections on the Financial Crisis,” former Assistant Governor (Financial System) of the RBA Dr. Edey said: “I am often asked why Australia was able to come through the GFC relatively unscathed. Unlike the US, the UK and the euro area, Australia didn't have a recession and we didn't have any bank failures. My usual response is that it was a mixture of good luck and good management.”
This sentiment is echoed in a Speech titled "Lessons and Questions from the GFC" given on the 6th of December 2018 in Sydney, by the Reserve Bank of Australia Deputy Governor Dr. Guy Debelle who stated: “Good luck certainly played a role. But the policy actions made an important contribution too” referring to the experience of Australia during the GFC.

Explain what they means by “a mixture of good luck and good management,” making specific reference to both ad-hoc measures during the GFC and the general approach to financial stability. (max 400 words)

A former UCLA Health System employee became the first person in the nation to be sentenced to federal prison for violating HIPAA. Huping Zhou, 47, of Los Angeles, was sentenced to four months in prison on April 27 after pleading guilty in January to four misdemeanor counts of accessing and reading the confidential medical records of his supervisors and high-profile celebrities, according to the US Attorney’s Office (Links to an external site.) for the Central District of California. Zhou was also fined $2,000. In 2003, Zhou, who was a licensed cardiothoracic surgeon in China before immigrating to the United States, was employed as a researcher with the UCLA School of Medicine.

On October 29, 2003, Zhou received notice that UCLA intended to dismiss him for job performance reasons unrelated to the illegal access of medical records. That night, Zhou accessed and read his immediate supervisor’s medical records as well as those of other coworkers. Over the next three weeks, Zhou abused his access to the organization’s electronic health record system to view the medical records of celebrities and high-profile patients, including Drew Barrymore, Arnold Schwarzenegger, Tom Hanks, and Leonardo DiCaprio.

According to court documents, Zhou accessed the UCLA record system 323 times during the three-week period. In the plea agreement, Zhou admitted he obtained and read patient health information on four specific occasions—with no legitimate reason, medical or otherwise—after he was terminated from his job. Zhou did not improperly use or attempt to sell any of the information he illegally accessed, according to the press release. In January, Zhou’s attorney, Edward Robinson, was quoted in the UCLA student newspaper saying Zhou did not know that accessing the records was a federal crime.

1. As a member of the UCLA workforce, would Zhou have a legitimate right to view patient records in his normal course of employment?
2. In managing access and disclosure of PHI, determine how UCLA could have discovered Zhou’s infractions?