Heating degree-day (HDD) and cooling degree-day (CDD) futures contracts make payments based on whether the temperature is abnormally hot or cold

. Required: a) Illustrate how these types of contracts are traded on the Chicago Mercantile Exchange (CME) using example(s)

. b) Evaluate why the following business might be interested in such a contract

:i) Soft drink manufacturers;

ii) Ski resort operators;

iii)Electric utilities;

iv)Amusement park operators.

The Kentucky cave shrimp is an endangered species which lacks eyes and has a translucent body suggesting that the animal has long lived underground. An important question that ecologists would like to understand is how biotic as well as abiotic factors in its environment have contributed to restrict the historical range of this unique species from 5 localities in the state to now just the groundwater basins in the Mammoth Cave National Park region. The level of ecological study in question would be: ?

A scientist is interested in whether the color of rice (white vs. brown) makes birds explode with greater force. Six pigeons were captured in Liberty Park. Each was then force-fed five pounds of rice, and the power of the ensuing explosion was then measured: Explosion Strength Rice in Megatons

White 2 White 2 White 3 Brown 8 Brown 9 Brown 10

Perform the one way ANOVA. What’s the between sum of squares (BSS)?

b) As the General Manager of Royal Aroma Hotel ltd with good insight on emotional intelligence, explain three reasons why you should demonstrate empathy in the wake of the COVID-19 global pandemic and its lingering effect of unemployment on your employees.

c) It may be argued that an understanding of organizational communication enables one to improve communication skills and recognize communication problems that arise during employee communication in the workplace. Justify why you would agree with this statement.

1. How do IHG’s multiple brands enable the company to address the needs of specific consumer and business markets?

2. In which stage(s) of the consumer buying decision process would IHG’s digital marketing and social media activities likely have a significant influence? Explain your answer.

3. Why would IHG create a separate hotel brand specifically for China?

4. What are the advantages and disadvantages of each IHG brand having its own social network accounts?

Airlines and hotels have many frequent-flyer and frequent-visitor programs in which individuals who fly the airline or stay at the hotel receive bonuses that are the equivalent to discounts.

Can you give other examples of such programs?

What is a likely reason why firms whose employees receive these benefits do not require their employees to give benefits to the firm?

1. Airlines and hotels have many frequent-flyer and frequent-visitor programs in which individuals who fly the airline or stay at the hotel receive bonuses that are the equivalent to discounts.
   • Give two reasons why these companies have such programs rather than simply offering lower prices.
   • Can you give other examples of such programs?
   • What is a likely reason why firms whose employees receive these benefits do not require their employees to give benefits to the firm?

Risk managers use a number of methods for managing risk. For each of the following, what method for handling risk is used?Explain your answer.

a. The decision not to carry earthquake insurance on a firm's manufacturing plant

b. The installation of an automatic sprinkler system in a hotel.

c. The decision not to produce a product that might result in a product liability lawsuit.

d. Requiring retailers who sell the firm's product to sign an agreement releasing the firm from liability if the product injures someone.

Doaktown Products manufactures fishing equipment for recreational uses. The Miramichi plant produces the company’s two versions of a special reel used for river fishing. The two models are the M-008, a basic reel, and the M-123, a new and improved version. Cost accountants at company headquarters have prepared costs for the two reels for the most recent period. The plant manager is concerned. The cost report does not coincide with her intuition about the relative costs of the two models. She has asked you to review the cost accounting and help her prepare a response to headquarters.

Manufacturing overhead is currently assigned to products based on their direct labor costs. For the most recent month, manufacturing overhead was $318,400. During that time, the company produced 13,400 units of the M-008 and 2,600 units of the M-123. The direct costs of production were as follows.

Management determined that overhead costs are caused by three cost drivers. These drivers and their costs for last year were as follows.

Required:

a. How much overhead will be assigned to each product if these three cost drivers are used to allocate overhead? What is the total cost per unit produced for each product?

b. How much of the overhead will be assigned to each product if direct labor cost is used to allocate overhead? What is the total cost per unit produced for each product?

How much overhead will be assigned to each product if these three cost drivers are used to allocate overhead? What is the total cost per unit produced for each product? (Round "Total unit cost" to 2 decimal places.)

How much of the overhead will be assigned to each product if direct labor cost is used to allocate overhead? What is the total cost per unit produced for each product? (Round "Total unit cost" to 2 decimal places.)

Case Study - Insurance

Tom and Nancy Smith are married, with 2 children

•Nancy is 38, Tom 42

•Their children, Emily and Brian, are 16 and 18 respectively

•Brian will be going to College this fall

•Nancy is a CPA at a local accounting firm with an annual salary of $200K

•Hank teaches at the local high school where he coaches football and makes around $100K annually

•Nancy volunteers on the Board of Directors of a local Nonprofit

•Both Hank and Nancy are in good health and have an active lifestyle

•Both the Smiths and their children love Motorized Watersports

Assets

•Tom and Nancy own a 3-bedroom home with a market value of $500K

•They have two SUVs and a Sedan

•Both Emily and Brian drive

•The Smiths own an 18 ft Boat, which they store on their property

•They also own two Jet Skis

Long Term Goals for the Smiths Include:

•Income Replacement in case of the death of either Tom or Nancy

•College for their children

•Retirement Income is covered by Tom and Nancy’s Employment

•So you do not need to address this in this Case Study

Answer the following questions:

1-What are the Major Risks Tom and Nancy face?

2-What different insurance products do they need?

3-How much insurance should they carry?

4-If Life Insurance is recommended, what policy value?