Explaine Aristotle’s definition of the human person?
In: Psychology
Bank Balance Sheet (Note: Use this information for all three problems)
Appendix 23A
Item Amount Duration Interest Rate
Cash-type Securities $50m 1.2 year 2.25%
Commercial Loans $100m 2.4 years 4.50%
Mortgages $350m 8.0 years 6.50%
Core Deposits $270m 1.0 year 2.00%
Notes Payable $180m 2.0 years 4.50%
APPENDIX 23A.1-
Change E= -(Da-kDl) * A * Change R/ 1 +R
Change E= Change in FI Net Worth
Da- Duration of asset portfolio
Dl- Duration of liability portfolio
K- Ratio of an FI's liabilties to assets
A- Size of FI's Asset portfolio
Change R/1+R- Shock to interest rates
3. Off-Balance sheet futures hedge (Use balance sheet information above, 8 points)
T-Bond futures contracts for the delivery of $100,000 face value are trading at 102-16, and have a duration of 9.50 years. This problem is based on the material in Appendix 23A: Hedging with Futures Contracts.
a. What is the total dollar price of each futures contract (PF)?
b. For this bank to achieve complete immunization, solve for F (total dollar value of futures contracts to immunize). Note: We don’t know the number of contracts yet or a specific interest rate change, so that information should not be used to solve for the dollar value F. Use only the information provided above to solve for F.
c. Using F from part b above, solve for the number of T-Bond futures contracts needed by this bank to hedge the interest rate risk (round to the nearest whole number of contracts).
d. Explain in a full essay what risk this bank faces, what position this bank would take on the T-Bond futures contracts to hedge against the interest rate risk it faces, why it would take that position, and graph that position in a fully-labeled futures payoff diagram.
Assume average interest rates rise from the original level of 6.0% to 7.50%.
e. Calculate the on-balance sheet change in the bank’s value (ΔE), and specify the sign (positive or negative)
f. Calculate the off-balance sheet change in the value of the futures contracts (ΔF), and specify if it’s a gain or loss.
g. Assume you are a financial analyst and risk management specialist for the bank above. Write a full, complete, and convincing essay (executive summary) of at least several complete paragraphs to your company’s CEO that summarizes the main conclusions from this third problem, and specifically refer to your numerical results from parts e and f.
In: Finance
A data audit is a critical activity that must be done at the beginning of any analytics project when you are working with an existing workbook or are given a dataset from another person. The purpose of this exercise is to conduct a data audit on a worksheet that contains sales data for a hypothetical apparel retailer.
The data shown in the file named Chapter 1 DA Exercise 2 contains data that was provided to you by a coworker. The Excel file should contain sales data for two years by month. You intend to use this data to evaluate the company’s sales trend by season. In addition, you will need to analyze the average price per month to determine if there are months where customers are spending more money for each item purchased. The data should contain sales in units and dollars. For any given month, the sales in units multiplied by the average price should equal the sales in dollars. Open the file named Chapter 1 DA Exercise 2. Audit the data in the Sheet1 worksheet. Record any problems you find in the dataset in the AnswerSheet worksheet. Note that there are more rows to document problems in the dataset than are needed.
| Company Sales Data | ||||
| Year | Month | Unit Sales | Average Price | Sales Dollars |
| 2017 | January | 6,000 | 9.99 | $ 59,940 |
| 2017 | February | 4,500 | 12.49 | $ 56,205 |
| 2017 | March | 4,500 | 14.99 | $ 67,455 |
| 2017 | April | 3,000 | 16.99 | $ 50,970 |
| 2017 | May | 3,000 | 17.99 | $ 53,970 |
| 2017 | June | 1,500 | 14.99 | $ 22,485 |
| 2017 | June | 1,500 | 14.99 | $ 22,485 |
| 2017 | August | 3,000 | 17.49 | $ 52,470 |
| 2017 | September | 4,000 | 19.99 | $ 79,960 |
| 2017 | October | 5,000 | 19.99 | $ 99,950 |
| 2017 | November | 6,000 | 17.49 | $ 104,940 |
| 2017 | December | 7,500 | 14.99 | $ 112,425 |
| 2018 | January | 6,250 | 8.49 | $ 53,063 |
| 2018 | February | 5,000 | 12.99 | $ 64,950 |
| 2018 | March | 6,000 | 12.99 | $ 950 |
| 2018 | April | 3,500 | 17.49 | $ 61,215 |
| 2018 | May | 2,500 | 16.49 | $ 41,225 |
| 2018 | June | 2,000 | 14.99 | $ 29,980 |
| 2018 | July | 3,000 | 10.99 | $ 32,970 |
| 2018 | August | 3,000 | 10.99 | $ 32,970 |
| 2018 | September | 4,500 | 19.49 | $ 87,705 |
| 2018 | October | 5,200 | 21.49 | $ 111,748 |
| 2018 | December | 8,000 | 13.99 | $ 111,920 |
| Use this worksheet to answer any written questions for this exercise. | ||||||||
| Write your answer in the merged open cell next to each Question number. | ||||||||
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In: Accounting
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Normal saline (0.9% w/v) solution has the same osmotic pressure as human blood. The solution is made by dissolving 0.9 g of NaCl in 100 mL of water. Calculate the osmostic pressure of a 0.9% saline solution at 37 oC (normal human body temperature.) (Hint: remember that NaCl dissociates into ions when it dissolves!) π = ___ atm |
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In: Chemistry
HUMAN RESOURCE MANAGEMENT PUBLIC SERVICE
CHAPTER 10 Appraisal
-Explain why personnel appraisal is at once important and paradoxical.
-Weigh the advantages and drawbacks of typical types of evaluations.
HUMAN RESOURCE MANAGEMENT PUBLIC SERVICE
CHAPTER 10 Appraisal
-explain why evaluation accuracy may not be an essential goal.
§Understand that evaluation accuracy may not be an essential goal.
In: Operations Management
Which of the following correctly characterizes the reactivity and/or use of free radicals?
Free radicals are used in the conversion of liquid resins into solid plastics.
Free radicals are generally stable molecules found in the human body.
Free radicals are essential to repair damaged DNA in the human body.
Reaction of free radicals with other materials often leads to color staining on those materials.
In: Chemistry
To get a sense of evolutionary time scales of cells, it is useful to draw an analogy with human time scales. If the age of life on Earth is analogous to one year, what would, proportionally,various other time scales be alalogeous to? Specififcaly, the times since the origin of animal life? Of primates? Of the genus Homo? Of civilization? Since the extinction of dinosaurs? A human life span?
In: Biology
As an exercise in your human development class, your teacher proposes a new theory of personality development. She states that personality is markedly different in adulthood than in childhood, is completely determined by the environment, and develops pretty much the same across cultures. Describe the three recurring issues in human development and where this new theory stands in relationship to these three issues.
In: Nursing
1. Suppose people always do what they want to do. Is that enough to show that psychological egoism is true? Why or why not?
2. Psychological Egoism is not an ethical theory, but a descriptive view of human behavior which states that human beings always act in their own self-interest. Given this, how might the truth of psychological egoism have implications for ethics?
In: Psychology
You have prepared your credentials and researched the company you want to work with. It is time to look at the specific human resource issue facing the company. Review the article for the company you have selected and answer the following questions:
1)What is the human resource issue facing the organization?
2)How does this issue affect the company’s bottom line?
In: Operations Management