15. Comment critically (take a position whether the statement is correct, incorrect or partially correct and support your position based on facts acquired in the course—not based on personal opinion): ‘Even though population increase takes place and economic prosperity increases, innovation in agriculture and reliance on market mechanism will assure availability of food for all.”

CASE STUDY 1: Lloyds Banking Group Monetary Policy Committee
You are a voting member of Lloyds Banking Group Monetary Policy Committee (MPC) and are expected to make a policy decision at the next MPC meeting in January 2021. The current Repo rate is 4.25% and the allowable inflation target ranges between 3% to 5%. The Research department has presented the following global and domestic market update for your consideration.
Key extracts of the presentation are summarized below:
Extract 1: Global update
According to the IMF’s World Economic Outlook (WEO) for October 2020, the global economy is expected to recover substantially in 2021 following the negative effects of COVID-19. The impact of COVID-19 outbreak has lessened significantly since the first cases were made public at the beginning of the year 2020. To curb the spread of the pandemic, governments worldwide imposed severe restrictions and lockdown measures, subsequently bringing economic activities to a virtual standstill in the process. According to the latest WEO, the global economy is now projected to recover and grow by 3.8 percent in 2021, which is an upward revision from a 2.3 percent growth published in the WEO update for January 2021. The upward revision is on the back of successful easing of lockdown restrictions and resumption of economic activities in both advanced and emerging market economies. The global output is then projected to expand by 5.8 percent in 2021.
Extract 2: Emerging market update
Emerging market and developing economies (EMDEs) improved moderately in the second half of 2020 and are expected to recover strongly in 2021. Overall, EMDEs are projected to grow by 2.0 percent in 2020, before recovering to a strong growth of 6.6 percent in 2021. Going forward EMDEs are expected to experience a sharp recovery in 2021 once the adverse effects from this economic shock subside.
Extract 3: Domestic market update
1.   Domestic growth remained positive during the last quarter of 2020, supported by construction, wholesale and retail trade, as well as the communication sectors. In contrast, activities such as livestock farming and uranium mining performed weakly.
2.   Going forward, the domestic economy is forecasted to improve in the remainder of 2021, also supported by construction activities, as well as strong growth in demand. Declining international commodity prices remain a concern, as it may negatively affect mineral production.
3.   Inflation has shown an upward trend for the past five months. Annual inflation rose from 4.9 percent in June 2020 to 6.1 percent in January 2021, mainly due to increases in food and transport prices. As a result, this recent trend of inflation is expected to average around 7 percent for the year.
4.   The annual growth rate in domestic private sector credit increased steadily to 17.8 percent in December 2020, compared to 14.3 percent in December 2019. Growth in private sector credit resulted from higher demand by both individuals and businesses. The rise in household debt largely reflected strong growth in unproductive instalment credit and overdraft loans which remains a concern for the MPC.
5.   During the last quarter of 2020, the trade deficit increased significantly. A rapid growth in imports of vehicles, partly financed by instalment credit, remains a concern. The total number of vehicles sold during the last four months of 2020 increased by more than 50 percent, compared to the same period in 2019. The value of imported vehicles amounted to N$2.2 billion, which is a significant amount in relation to the total import bill of goods of N$15.9 billion. Unproductive imports have put pressure on international reserves of the country and require monitoring.

Extract 4: Key domestic sector updates
Construction Sector update:
The contraction in the construction sector is expected to deepen during 2020 as projects anticipated to kickstart earlier are likely to be delayed. The construction sector is expected to contract by 16.3 percent and 1.5 percent in 2020 and 2021, respectively. The deeper contraction for 2020 is based on expectations that some of major projects, which were expected to commence in 2020 are likely to be delayed, mainly due to COVID-19 induced travel restrictions. This assertion is supported by the recent directive by the Minister of Finance to SOEs and Government Ministry to suspend capital projects until further notice.
Uranium Sector update
Uranium mining is similarly projected to contract during 2020, followed by a mild recovery in 2021. The uranium mining sector is expected to contract by 22.4 percent in 2020, before expanding by 4.6 percent in 2021. The sector is first and foremost grappling existing factors that include insufficient supply of water required for their operations and persistently low uranium prices, viewed together with the reduction in long-term supply contracts. This means that uranium mines are more exposed to spot prices, which squeezes their margins. There is, however, an indication that COVID-19 and resulting travel restriction have not prevented the mines from exporting their output thus far and it may not constitute a major factor in the foreseeable future. The volumes produced during the first three months of 2020, were 26.4 percent lower than the production for the corresponding three months of 2019, making any prospects to catch up with 2019 production levels unlikely.

CASE STUDY 1 QUESTIONS
1.   Based on Extracts 1-3 in the case facts presented above, Recommend the monetary policy stance and decision that Lloyds Banking Group should take and Justify your recommendation with three (3) reasons found in Case study 1 above

Justification should include specific facts related to the case study!!!

2.   Based on Extract 4 above, Identify one reason for the expected contraction in the construction sector and two reasons for expected contraction in the Uranium sector

Can someone please answer?

10.

On the basis of the information provided for BEST SALES:

11.

On the basis of the information provided for BEST SALES:

12.

If BEST SALES used the direct write-off method, Bad Debts Expense for 2011 would be:

15.

1. The following selected information is taken from the books of the Marlin Company for 2011.   (Note: You may not need to use all of the information below to answer these questions.)

   Cash                     6,000            Sales returns and allowances 100

   Sales discounts     400            Purchases returns and allowances 200

   Sales   9,200            Inventory, 1/1/2011   5,000

   Purchases    41,000            Inventory, 12/31/2011   3,000

   Selling expense    11,000            Purchases discounts   100

   Interest expense    200            Transportation - in   1,000

   Accounts payable     13,000            Transportation - out 1,500

   Net Sales for the period is:

   		$ 78,700
   		$ 79,200
   		$ 78,800
   		$ 79,100
   		None of the above

Since the onset of Covid-19 in the United States a significant amount of attention has been paid to nurses. Some nurses work in union situations and others do not. Some nurses have been fired because of their activities, and others have been disciplined for speaking to the media, or refusing to work in situations they feel are unsafe for them. Discuss your thoughts on belonging to a union and if the decision were to strike, how would you balance your duty to care as outlined in the Code of Ethics for Nurses with interpretive statements, and the recommendations of leadership to strike or take collective action? Hoping to gain some insight from someone that has experience with nursing unions.

A 35.00 mL solution of 0.25M HF is titrated with a standardized 0.1281M solution of NaOH at 25C.
a.What is the PH of the HF solution before titrant is added?
b.How many milliliters of titrant are required to reach the equivalence point?
c.What is the PH at 0.5ml before the equivalence point?
d.What is the PH at the equivalence point?
e.What is the PH at 0.5 ml after the equivalence point?

Assume that a war reduces a country’s labor force but does not directly affect its capital stock. If the economy was in a steady state before the war and the saving rate does not change after the war, then, over time, what can you say about the growth rate of capital per worker and output per worker as compared to before he war?

5. Eight students were given a placement test and after a week of classes were given again a placement test at the same level. Here are their scores.

Before 71 78 80 90 55 65 76 77

After 75 71 89 92 61 68 80 81

(a) Test whether the scores improved after 1 week by performing a student test.

(b) Test whether the scores improved after 1 week by performing a sign test.

Calculate the pH for each of the following cases in the titration of 25.0 mL of 0.250 M pyridine, C5H5N(aq) with 0.250 M HBr(aq):

(a) before addition of any HBr

(b) after addition of 12.5 mL of HBr

(c) after addition of 14.0 mL of HBr

(d) after addition of 25.0 mL of HBr

(e) after addition of 30.0 mL of HBr

Pyridine is a weak base with a Kb of 1.7× 10–9. It can react with strong acid to produce pyridinium.

Calculate the pH for each of the following cases in the titration of 50.0 mL of 0.200 M HClO(aq) with 0.200 M KOH(aq). The ionization constant for HClO can be found asfunction _parent.followURL,http://sites.google.com/site/chempendix/ionization

(a) before addition of any KOH

(b) after addition of 25.0 mL of KOH

(c) after addition of 30.0 mL of KOH

(d) after addition of 50.0 mL of KOH

(e) after addition of 60.0 mL of KOH

Calculate the pH for each case in the titration of 50.0 mL of 0.240 M HClO(aq)0.240 M HClO(aq) with 0.240 M KOH(aq). Use the ionization constant for HClO.

What is the pH before addition of any KOH?

What is the pH after addition of 25.0 mL KOH?

What is the pH after addition of 30.0 mL KOH?

What is the pH after addition of 50.0 mL KOH?

What is the pH after addition of 60.0 mL KOH?