4. Italiano Manufacturing Company produces one type of pasta. For the coming quarter, it estimates that it will sell 25,000 kg of finished product. It currently has 1,000 kg in stock and expects to increase this to 2,000 kg at the end of the quarter.

The main ingredients to make 1 kilogram of pasta are 900 grams of durum wheat and two eggs. Prices for these items are budgeted at $2,100 per tonne of wheat and $3 per dozen eggs.

The company is holding 2.5 tonnes of wheat but wants to reduce this to 2.2 tonnes by the end of the quarter. It holds no stock of eggs, buying them in as needed.

a) Prepare the production budget for the quarter.

b) Prepare the direct materials budget for the quarter.

Differentiate Dangerous Goods from Hazardous Goods...

Blades, Inc. Case

Forecasting Exchange Rates

Recall that Blades, Inc., the U.S.-based manufacturer of roller blades, is currently both exporting to and importing from Thailand. Ben Holt, Blades’ chief financial officer (CFO), and you, a financial analyst at Blades, Inc., are reasonably happy with Blades’ current performance in Thailand. Entertainment Products, Inc., a Thai retailer for sporting goods, has committed itself to purchase a minimum number of Blades’ Speedos annually. The agreement will terminate after three years. Blades also imports certain components needed to manufacture its products from Thailand. Both Blades’ imports and exports are denominated in Thai baht. Because of these arrangements, Blades generates approximately 10 percent of its revenue and 4 percent of its cost of goods sold in Thailand.

Currently, Blades’ only business in Thailand consists of this export and import trade. Holt, however, is thinking about using Thailand to augment Blades’ U.S. business in other ways as well in the future. For example, Holt is contemplating establishing a subsidiary in Thailand to increase the percentage of Blades’ sales to that country. Furthermore, by establishing a subsidiary in Thailand, Blades will have access to Thailand’s money and capital markets. For instance, Blades could instruct its Thai subsidiary to invest excess funds or to satisfy its short-term needs for funds in the Thai money market. Furthermore, part of the subsidiary’s financing could be obtained by utilizing investment banks in Thailand.

Due to Blades’ current arrangements and future plans, Holt is concerned about recent developments in Thailand and their potential impact on the company’s future in that country. Economic conditions in Thailand have been unfavorable recently. Movements in the value of the baht have been highly volatile, and foreign investors in Thailand have lost confidence in the baht, causing massive capital outflows from Thailand. Consequently, the baht has been depreciating.

When Thailand was experiencing a high economic growth rate, few analysts anticipated an economic downturn. Consequently, Holt never found it necessary to forecast economic conditions in Thailand even though Blades was doing business there. Now, however, his attitude has changed. A continuation of the unfavorable economic conditions prevailing in Thailand could affect the demand for Blades’ products in that country. Consequently, Entertainment Products may not renew its commitment for another three years.

Because Blades generates net cash inflows denominated in baht, a continued depreciation of the baht could adversely affect Blades, as these net inflows would be converted into fewer dollars. Thus Blades is also considering hedging its baht-denominated inflows.

Because of these concerns, Holt has decided to reassess the importance of forecasting the baht-dollar exchange rate. His primary objective is to forecast the baht-dollar exchange rate for the next quarter. A secondary objective is to determine which forecasting technique is the most accurate and should be used in future periods. To accomplish this, he has asked you, as the financial analyst at Blades, for help in forecasting the baht-dollar exchange rate for the next quarter.

Holt is aware of the forecasting techniques available. He has collected some economic data and conducted a preliminary analysis for you to use in your analysis. For example, he has conducted a time-series analysis for the exchange rates over numerous quarters. He then used this analysis to forecast the baht’s value next quarter. The technical forecast indicates a depreciation of the baht by 6 percent over the next quarter from the baht’s current level of $.023 to $.02162. He has also conducted a fundamental forecast of the baht-dollar exchange rate using historical inflation and interest rate data. The fundamental forecast, however, depends on what happens to Thai interest rates during the next quarter and therefore reflects a probability distribution. Based on the inflation and interest rates, there is a 30 percent chance that the baht will depreciate by 2 percent, a 15 percent chance that the baht will depreciate by 5 percent, and a 55 percent chance that the baht will depreciate by 10 percent.

Holt has asked you to answer the following questions:

1Considering both Blades’ current practices and future plans, how can it benefit from forecasting the baht-dollar exchange rate?

2. Use the fundamental forecasting techniques to forecast the future of the baht

Blades, Inc. Case

Forecasting Exchange Rates

Recall that Blades, Inc., the U.S.-based manufacturer of roller blades, is currently both exporting to and importing from Thailand. Ben Holt, Blades’ chief financial officer (CFO), and you, a financial analyst at Blades, Inc., are reasonably happy with Blades’ current performance in Thailand. Entertainment Products, Inc., a Thai retailer for sporting goods, has committed itself to purchase a minimum number of Blades’ Speedos annually. The agreement will terminate after three years. Blades also imports certain components needed to manufacture its products from Thailand. Both Blades’ imports and exports are denominated in Thai baht. Because of these arrangements, Blades generates approximately 10 percent of its revenue and 4 percent of its cost of goods sold in Thailand.

Currently, Blades’ only business in Thailand consists of this export and import trade. Holt, however, is thinking about using Thailand to augment Blades’ U.S. business in other ways as well in the future. For example, Holt is contemplating establishing a subsidiary in Thailand to increase the percentage of Blades’ sales to that country. Furthermore, by establishing a subsidiary in Thailand, Blades will have access to Thailand’s money and capital markets. For instance, Blades could instruct its Thai subsidiary to invest excess funds or to satisfy its short-term needs for funds in the Thai money market. Furthermore, part of the subsidiary’s financing could be obtained by utilizing investment banks in Thailand.

Due to Blades’ current arrangements and future plans, Holt is concerned about recent developments in Thailand and their potential impact on the company’s future in that country. Economic conditions in Thailand have been unfavorable recently. Movements in the value of the baht have been highly volatile, and foreign investors in Thailand have lost confidence in the baht, causing massive capital outflows from Thailand. Consequently, the baht has been depreciating.

When Thailand was experiencing a high economic growth rate, few analysts anticipated an economic downturn. Consequently, Holt never found it necessary to forecast economic conditions in Thailand even though Blades was doing business there. Now, however, his attitude has changed. A continuation of the unfavorable economic conditions prevailing in Thailand could affect the demand for Blades’ products in that country. Consequently, Entertainment Products may not renew its commitment for another three years.

Because Blades generates net cash inflows denominated in baht, a continued depreciation of the baht could adversely affect Blades, as these net inflows would be converted into fewer dollars. Thus Blades is also considering hedging its baht-denominated inflows.

Because of these concerns, Holt has decided to reassess the importance of forecasting the baht-dollar exchange rate. His primary objective is to forecast the baht-dollar exchange rate for the next quarter. A secondary objective is to determine which forecasting technique is the most accurate and should be used in future periods. To accomplish this, he has asked you, as the financial analyst at Blades, for help in forecasting the baht-dollar exchange rate for the next quarter.

Holt is aware of the forecasting techniques available. He has collected some economic data and conducted a preliminary analysis for you to use in your analysis. For example, he has conducted a time-series analysis for the exchange rates over numerous quarters. He then used this analysis to forecast the baht’s value next quarter. The technical forecast indicates a depreciation of the baht by 6 percent over the next quarter from the baht’s current level of $.023 to $.02162. He has also conducted a fundamental forecast of the baht-dollar exchange rate using historical inflation and interest rate data. The fundamental forecast, however, depends on what happens to Thai interest rates during the next quarter and therefore reflects a probability distribution. Based on the inflation and interest rates, there is a 30 percent chance that the baht will depreciate by 2 percent, a 15 percent chance that the baht will depreciate by 5 percent, and a 55 percent chance that the baht will depreciate by 10 percent.

• Using all following three techniques to forecast the future of the baht

  • Fundamental forecasting

  • Market-based forecasting

  • Technical forecasting including the performance evaluation bias and its graphic evaluation

a. sales are 20% for cash and 80% on account

b. sales on account are collected over a three month period with 10% collected in the month of sale: 70% in the first month following the sale, and the remaining 20% collected in the second month following the sale. Feb. sales were 200,000 and march was 300,000

c. Inventory purchases are paid within 15 days therefore, 50% of a month's inventory purchases are paid for in the month of purchase. The remaining 50% is paid in the following month. Accounts payable on March 31 for the month of March was 126,000

d. Each month's ending inventory must equal 20% of the cost of the merchandise to be sold in the following month. the merchandise inventory at march 31 was 84,000

e. dividends of 49,000 will be declared and paid in April

f. Land costing 16,000 will be purchased for cash in May

g. The cash balance at March 31 is 52,000 the company must maintain a cash balance of at least 40,000 at the end of each month.

h. the company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of 200,000. The interest rate on these loans is 1% each month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan, plus accumulated interest at the end of each quarter.

1. Prepare a merchandise purchase budget for April, May and June.

2. Prepare a schedule of expected cash disbursements for merchandise purchases for April, May and June and for the quarter in total.

3. Prepare a cash budget for the month of May

QUESTION 13

Economists and policy makers questioned the effectiveness of discretionary fiscal policy during the 1970s for all the following reasons except

QUESTION 14

Fiscal policy

QUESTION 15

Fiscal policy under the Reagan administration was intended to

QUESTION 16

If net taxes exceed government purchases,

Please fill in all blanks with bolded options. will give thumbs up thanks

Another important need that money fulfills is that it’s a (unit of account // dollar denominated unit // accounting systems) meaning that its something everything else can be expressed in. This provides for efficient and easy understanding of (the true and full value of goods // the exchange value of goods // the objective value of goods) providing assurance and most importantly (insurance // information // dissurance // assurance)

According to the FEE article, "The Gold Standard Didn't..." In 1914, the United States was engaged in World War ( I // II // III) and could not subsidize its military expenditures by solely relying on the gold standard. President Woodrow Wilson took the United States economy off the gold standard and used the Federal Reserve to ( create prosperity // return to the gold standard // print more money // print less money ) so the United States government could supply its military arsenal during the war. The early 1920s saw the rise of the Federal Reserve as ( creator of mass prosperity // the central authority // a non-authority // as a well established governmental oversight) as it became the regulator of the ( value of gold // value of the economy // value of the USD // money in circulation) during the Pre-World War II era.

While ( bad // monetary // fiscal) consists of government actions in the economy like spending more or less money, ( banking // monetary // good // fiscal ) consists of policies like lowering the interest rate which is meant to ( incentivize economizing // induce borrowing // induce congressional action // reduce borrowing )

In essentially every country today new money originates at the ( ECB // Fed // Commercial bank // central bank ). In the USA this is called the ( Federal Reserve // ECB // central bank // Bank of the US ). This new money can be lent to commercial banks via ( ECB // Bond markets // Loans // open market operations ) where bonds are sold by commercial bank in exchange for the new currency. They can then multiply this money by ( loaning it via the fractional // reserve system // The fed, fractional reserve bank ) which means that banks need only have ( 10 / 20 / 90 / 15 ) % of ( The feds // governments // depositors // bankers )

For this exercise, you are going to write your code in the FormFill class instead of the main method. The code is the same as if you were writing in the main method, but now you will be helping to write the class. It has a few instance variables that stores personal information that you often need to fill in various forms, such as online shopping forms.

Read the method comments for more information.

As you implement these methods, notice that you have to store the result of concatenating multiple Strings or Strings and other primitive types. Concatenation produces a new String object and does not change any of the Strings being concatenated.

Pay close attention to where spaces should go in theString, too.

FormFillTester has already been filled out with some test code. Feel free to change the parameters to print your own information. If you don’t live in an apartment, just pass an empty String for the apartment number in setAddress.
Don’t put your real credit card information in your program!

When you run the program as written, it should output

Dog, Karel
123 Cherry Lane
Apt 4B
Card Number: 123456789
Expires: 10/2025

public class FormFill
{
  
private String fName;
private String lName;
private int streetNumber;
private String streetName;
private String aptNumber;
  
// Constructor that sets the first and last name
// streetNumber defaults to 0
// the others default to an empty String
public FormFill(String firstName, String lastName)
{
  
}
  
// Sets streetNumber, streetName, and aptNumber to the given
// values
public void setAddress(int number, String street, String apt)
{
  
}
  
// Returns a string with the name formatted like
// a doctor would write the name on a file
//
// Return string should be formatted
// with the last name, then a comma and space, then the first name.
// For example: LastName, FirstName
public String fullName()
{
  
}
  
// Returns the formatted address
// Formatted like this
//
// StreetNumber StreetName
// Apt AptNumber
//
// You will need to use the escape character \n
// To create a new line in the String
public String streetAddress()
{
  
}
  
// Returns a string with the credit card information
// Formatted like this:
//
// Card Number: Card#
// Expires: expMonth/expYear
//
// Take information as parameters so we don't store sensitive information!
// You will need to use the escape character \n
public String creditCardInfo(int creditCardNumber, int expMonth, int expYear)
{
  
}
  
}

public class FormFillTester
{
public static void main(String[] args)
{
FormFill filler = new FormFill("Karel", "Dog");
filler.setAddress(123, "Cherry Lane", "4B");
  
System.out.println(filler.fullName());
System.out.println(filler.streetAddress());
  
System.out.println(filler.creditCardInfo(123456789, 10, 2025));
  
}
}

The time married men with children spend on child care averages 6.4 hours per week {Time, March 12, 2012). You belong lo a professional group on family practices that would like to do its own study to determine if the time married men in your area spend on child care per week differs from the reported mean of 6.4 hours per week. A sample of 40 married couples will be used with the data collected showing the hours per week the husband spends on child care.

Use the sample data to perform a t-test to determine if the population mean number of hours married men are spending in child care differs from the mean reported by Time in your area? Use α = 0.05 as the level of significance.

1.

1. Whats the null and alternative hypothesis, what type of test is it?

2. Compute,

3. Do you reject or fail to reject the null hypothesis. Explain why. Use the α = 0.05 level of significance.   Explain your conclusion using both the p-value and the test value.

4. State the conclusion?

Q. Why some governments resort to price ceiling and price floor for some goods and services? Describe three most important disadvantages of price ceiling and price floor? In what conditions do think that price ceiling and price floor may contribute to the welfare of people?