2) Unemployment (show all work)
Suppose that country a population of 120 made up of a labour force of 100 and 20 children under the age of 15
1. What is the participation rate?
Eight members of the labour force are unemployed
2. What is the unemployment rate?
Of the eight unemployed 2 worked in a factory that produced pies this factor has closed down and expected to open up after the pandemic.
3. Describe what type of unemployment this is and why?
One of the eight is a sky instructor and has been laid off for the summer
4. Describe what type of unemployment this is and why?
One of the unemployed cannot find a job and gives up looking
5. What is the new unemployment rate?
In: Economics
Suppose that country a population of 120 made up of a labour force of 100 and 20 children under the age of 15,
Eight members of the labour force are unemployed
Of the eight unemployed 2 worked in a factory that produced pies this factor has closed down and expected to open up after the pandemic.
One of the eight is a sky instructor and has been laid off for the summer
Make as per Canadian standards. 10 marks. thanks.
One of the unemployed cannot find a job and gives up looking
In: Economics
14-2 Assume that it is now January 1, 2008. The rate of inflation is expected to be 2 percent throughout 2008. In 2009 and after, increased government deficits and renewed vigor in the economy are expected to push inflation rates higher. Investors expect the inflation rate to be 3 percent in 2009, 5 percent in 2010, and 6 percent in 2011. The real risk-free rate, r*, currently is 3 percent. Assume that no maturity risk premiums are required on bonds with five years or less to maturity. The current interest rate on five-year T-bonds is 8 percent. a. What is the average expected inflation rate over the next four years? b. What should be the prevailing interest rate on four-year T-bonds? c. What is the implied expected inflation rate in 2012, or Year 5?
In: Finance
–M Inc. issued 2,000 convertible bonds in 2009 at a coupon rate of 8% and a par value of £1,000. Each bond is convertible into M Inc.’s common stock at £25 per share.
M Inc. expected the stock price to rise rapidly after the convertible was issued and lead to a quick conversion of the bond debt into equity. However, a recessionary climate has prevented that from happening, and the bonds are still outstanding. In 2010 M Inc. had net income of £3 million. One million share of its stock were outstanding for the entire year, and its marginal tax rate is 40%.
Calculate M Inc.’s basic and diluted EPS. (Diluted EPS assumes all convertible bonds are converted at the beginning of the year)
In: Finance
The following information is for Crane Limited for
2020:
| Net income for the year | $2,230,000 | ||
| 8% convertible bonds issued at par ($1,000 per bond), with each
bond convertible into 40 common shares |
2,110,000 | ||
| 6% convertible, cumulative preferred shares, $100 par value,
with each share convertible into 3 common shares |
3,900,000 | ||
| Common shares (400,000 shares outstanding) | 4,000,000 | ||
| Stock options (granted in a prior year) to purchase 65,000 common shares at $20 per share | 850,000 | ||
| Tax rate for 2020 | 30% | ||
| Average market price of common shares | $25 | per share |
There were no changes during 2020 in the number of common shares,
preferred shares, or convertible bonds outstanding. For simplicity,
ignore the requirement to book the convertible bonds’ equity
portion separately.
Calculate the income effect of the dividends on preferred
shares.
| Dividends on preferred shares |
$ |
Calculate basic earnings per share for 2020. (Round
answer to 2 decimal places, e.g. 15.25.)
| Basic EPS |
$ |
Determine an incremental per share effect for 6% preferred
shares. (Round earnings per share to 2 decimal places,
e.g. 15.25.)
| Potentially dilutive security | Incremental Numerator Effect |
Incremental Denominator Effect |
EPS | |||
| 6% Preferred shares |
Calculate the proceeds from assumed exercise of 65,000
options.
| Proceeds from exercise of options | $ |
Calculate the incremental shares oustanding upon the exercise of
options.
| The incremental shares oustanding upon the exercise of options |
Calculate the after-tax interest paid on the 8% bonds.
| After-tax interest on bonds converted |
Determine an incremental per share effect for 8% bonds.
(Round earnings per share to 2 decimal places, e.g.
15.25.)
| Potentially dilutive security | Incremental Numerator Effect |
Incremental Denominator Effect |
EPS | |||
| 8% Bonds | $ |
Rank the potentially dilutive securities from most dilutive to
least dilutive.
| 8% Bonds | ||
| 6% Preferred shares | ||
| Options |
Calculate diluted earnings per share for 2020.
(Round earnings per share to 2 decimal places, e.g.
15.25.)
| Numerator | Denominator | EPS | |||||
| Basic | $ | $ | |||||
| 6% Preferred shares8% BondsOptions | |||||||
| Sub Total | |||||||
| 6% Preferred shares8% BondsOptions | |||||||
| Sub Total | |||||||
| 6% Preferred shares8% BondsOptions | |||||||
| $ | $ |
| Diluted EPS |
In: Accounting
TKO Inc. is a screwdriver manufacturing firm that has been in the New Territories since Jan 1st, 1960. TKO Inc. makes net income of 20% on each dollar of sales after cost of sales and other expenses are taken care of.
However, TKO Inc. delivered sales of HKD 900,000 between Jan 1st, 2019 and Dec 29th, 2019. On December 30th, 2019, the sales manager of TKO gets a phone call from a new customer called Whampoa Inc. saying that they want to buy HKD 200,000 worth of screwdrivers from TKO Inc. and they want delivery on January 15th, 2020.
What is the net income of TKO Inc. on December 31st, 2019? (1 point)
TKO Inc. is under pressure by investors to report a high net income of HKD 200,000 on December 31st, 2019 and an even higher net income of HKD 220,000 on December 31st, 2020.
The accounting manager of TKO Inc. remembers that Hang Hau Inc. has always been a reliable customer and has always bought screwdrivers worth HKD 500,000 every year for the past 40 years (this 500,000 has always been included in the recorded 900,000). The accounting manager records a delivery of HKD 200,000 that was originally due on January 31st, 2020 to Hang Hau Inc. on December 31st, 2019 but does not actually deliver on December 31st, 2019.
In this case, assuming that TKO Inc. consistently makes deliveries of sales worth 900,000 HKD every year including 2020, what would the net income of TKO Inc. be on December 31st, 2019 and December 31st, 2020. (2 points each à 4 points)
TKO Inc. recently “pushed” new customers like Po Lam Inc. and Tiu Keng Leung Inc. to buy its screwdrivers and offered them 10% discounts to hit its targets. TKO Inc. also sold to these customers without checking whether they would be able to re-sell it to others. TKO Inc. also said that Po Lam and Tiu Keng Leung can pay after 1 year as it was very desperate for sales. What problems do all these actions cause? (5 points)
Please use three sentences or less.
In: Accounting
Wang Yee is a manufacturer. The following balances were
extracted from his books on 31
January 2010.
$
Inventories (stocks) 1 February 2009
|
Raw materials |
14 700 |
|
Work in progress |
23 570 |
|
Finished goods |
35 000 |
|
Purchases of raw materials |
75 600 |
|
Purchases of finished goods |
15 500 |
|
Direct factory wages |
62 140 |
|
Rent |
28 000 |
|
Factory management salaries |
31 500 |
|
Office salaries |
41 600 |
|
Revenue (sales) |
342 500 |
|
Revenue (sales returns) |
1 250 |
|
Distribution costs |
28 650 |
|
Sundry office expenses |
9 870 |
|
Non-current liability (8% loan – repayable 31 December 2015) |
40 000 |
|
Finance costs (loan interest) paid |
2 400 |
|
Property (land and buildings) (cost) |
80 000 |
|
Plant and machinery (cost) |
90 000 |
|
Office equipment (cost) |
30 000 |
|
Provision for depreciation of plant and machinery |
32 000 |
|
Provision for depreciation of office equipment |
12 000 |
|
Provision for doubtful debts |
1 550 |
|
Trade receivables (debtors) |
45 000 |
|
Trade payables (creditors) |
60 700 |
|
Drawings |
17 000 |
Additional information:
1 Inventories (stocks) at 31 January 2010 were valued as
follows:
Raw materials 16 250
Work in progress 18 780
Finished goods 32 500
2 At 31 January 2010
Direct factory wages, $1 120, were accrued.
Sundry office expenses, $630, were prepaid.
3 Rent is to be apportioned on the basis of area occupied. Three fifths of the area is occupied by
the factory and two fifths by the offices.
4 Depreciation is charged on plant and machinery at 20% per annum using the diminishing
(reducing) balance method.
5 Office equipment is depreciated using the straight-line method at 20% on cost. Office equipment, $24 000, was purchased on 31 July 2006.
Additional office equipment, $6 000, was purchased on 30 September 2009.
No other changes in non-current (fixed) assets occurred in the year ended 31 January 2010.
Depreciation is calculated for the time assets are held in the business.
6 The provision for doubtful debts is to be maintained at 4% of trade receivables (debtors).
REQUIRED
(a) Prepare the manufacturing account of Wang Yee for the year ended 31 January 2010. Show
clearly the cost of raw materials consumed, prime cost and cost of production.
(b) Prepare the income statement (trading and profit and loss accounts) of Wang Yee for the year
ended 31 January 2010.
(c) Prepare the Statement of financial position of Wang Yee at 31 January 2010.
In: Accounting
Find a regression model predicting the 2010 rate from the 2007 rate for the sample of 52 countries . State in simple language what the model says.
2010 Index = ___________ + _____________________ x 2007 Index (Round to two decimal places as needed.)
State in simple language what the model says. Select the correct choice below and fill in the answer box to complete your choice.
(Round to two decimal places as needed.)
0 A. For each 1% increase in the 2007 rate, the 2010 rate increased by ____________
0 B. The 2010 rate increased by______________________ per year.
0 C. The 2007 rate increased by _______________per year.
0 D. For each 1% increase in the 2010 rate, the 2007 rate increased by ___________________
Determine the test statistic. t = ____________ (Round to two decimal places as needed.)
Determine the P-value. P-value = _____________ (Round to three decimal places as needed.)
Make a conclusion.
Since the P-value is (1) ________________ the significance level, a, (2)_____________________ the null hypothesis.
The association (3) ______________significant
(1) 0 less than
0 greater than
(2) 0 do not reject
0 reject
(3) 0 is
0 is not
|
Country |
Male 2007 |
Male 2010 |
|
1 |
24 .1 |
21.5 |
|
2 |
11.9 |
10.1 |
|
3 |
9.6 |
11.4 |
|
4 |
20 .7 |
17.5 |
|
5 |
25.2 |
22.7 |
|
6 |
14.7 |
13.3 |
|
7 |
16.8 |
15.7 |
|
8 |
13.6 |
11.6 |
|
9 |
12.5 |
10.2 |
|
10 |
30.6 |
29.2 |
|
11 |
8.5 |
13.4 |
|
12 |
21.1 |
19.5 |
|
13 |
8.6 |
8.9 |
|
14 |
14.1 |
11.3 |
|
15 |
21.4 |
16.2 |
|
16 |
27.7 |
15.2 |
|
17 |
22.9 |
3.7 |
|
18 |
24.5 |
26.8 |
|
19 |
13.9 |
26.4 |
|
20 |
18.4 |
17.8 |
|
21 |
8.9 |
5.4 |
|
22 |
15.9 |
19.4 |
|
23 |
8.2 |
9.2 |
|
24 |
20.3 |
8.4 |
|
25 |
20.3 |
17.8 |
|
26 |
11.1 |
10.6 |
|
27 |
12.8 |
11.1 |
|
28 |
16.9 |
12.9 |
|
29 |
21.8 |
16.7 |
|
30 |
21.9 |
19.6 |
|
31 |
6.6 |
5.6 |
|
32 |
8.3 |
9.3 |
|
33 |
12.9 |
12.8 |
|
34 |
22.2 |
17.2 |
|
35 |
19.3 |
21.8 |
|
36 |
18.4 |
15.6 |
|
37 |
38.9 |
35.5 |
|
38 |
13.2 |
13.3 |
|
39 |
21.3 |
24.6 |
|
40 |
21.2 |
18.4 |
|
41 |
22.8 |
21.5 |
|
42 |
33.2 |
29 .2 |
|
43 |
12.2 |
10.3 |
|
44 |
18.7 |
16.9 |
|
45 |
21.9 |
19.9 |
|
46 |
16.7 |
15.2 |
|
47 |
8.5 |
7.2 |
|
48 |
4.8 |
4 .3 |
|
49 |
65.4 |
63.5 |
|
50 |
20.6 |
19.1 |
|
51 |
12.2 |
12.3 |
|
52 |
12.6 |
11.2 |
In: Statistics and Probability
1. Using a new drug developed by a pharmaceutical firm briefly outline, from the public and private perspectives, the costs and benefits of patent protection.
2.Show how there can be excessive investment undertaken if a number of pharmaceutical companies are researching and trying to develop the same innovation. How can the negative impact of patent races be reduced?
In: Economics
1: [50] Referring to Myers's article, there is a quote from Stu Card on page 52.This represents 1998’s reality and vision for HCI research. Do you think that this vision explains innovation and research in HCI 1998-2017? Research this question and present your research in 1-2 pages of single-spaced paragraphs.
In: Computer Science