Patient portals and other Internet-based applications are often used in health care in the United States. These systems rely upon the commercial use of an Internet connection. Some areas cannot afford Internet or may have a cultural or religious objection to significant use of Internet applications as resources for the population being served. Discuss how this may affect the health care organization that is required to update processes in order to meet regulatory requirements?

1. Because of a job change, Ben Hardesty has just relocated to the southeastern United States. He sold his furniture before he moved, so he's now shopping for new furnishings. At a local furniture store, he's found an assortment of couches, chairs, tables, and beds that he thinks would look great in his new two-bedroom apartment; the total cost for everything is $3,000. Because of moving costs, Ben is a bit short of cash right now, so he's decided to take out an installment loan for $3,000 to pay for the furniture. The furniture store offers to lend him the money for 36 months at an add-on interest rate of 7 percent. The credit union at Ben's firm also offers to lend him the money - they'll give him the loan at an interest rate of 11.5 percent simple, but only for a term of 24 months.

1. Compute the monthly payments for the loan from the furniture store. Round the answer to the nearest cent.   (1)

2. Compute the monthly payments for the loan from the credit union. Round the answer to the nearest cent.  (1)

3. Determine the APR for the loan from the furniture store. Do not round intermediate calculations. Round the answer to 2 decimal places.   (1)

d. Determine the APR for the loan from the credit union. Do not round intermediate calculations. Round the answer to 2 decimal places. (1)

Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. The following data were collected from last year’s operations (revenues and costs in thousands of dollars).

Required:

a. Use the high-low method to estimate the fixed and variable portions of store costs based on revenues.
b. Managers estimate that one of the proposed stores will have revenues of $2.5 million. What are the estimated monthly overhead costs, assuming no inflation?
c. Managers are also considering a “mega-store” with revenues of $10 million. What are the estimated monthly overhead costs, assuming no inflation?

Does trade between the United States and Vietnam make the countries better off or worse off?

Imagine the USA can make 4,000,000 cars, 1,000,000 textiles, or some combination of the two, while Vietnam can make 150,000 cars, 950,000 textiles, or some combination of the two. Draw and label PPFs, calculate opportunity costs and label specialization as points A, and state and label an efficient, mutually beneficial trade as points B.

1. The United States just imposed a tariff on aluminum imports.

-What would you expect this to do to the employment of workers in the American

aluminum industry?

-What would you expect the aluminum tariff to do to the output of the American beverage industry? What does that imply is likely to happen to employment in this industry?

-American farmers have expressed concern about the effects of the new tariffs on farm exports. How might you explain this?

Lionel Corporation manufactures pharmaceutical products sold through a network of sales agents in the United States and Canada. The agents are currently paid an 18% commission on sales; that percentage was used when Lionel prepared the following budgeted income statement for the fiscal year ending June 30, 2019:

Since the completion of the income statement, Lionel has learned that its sales agents are requiring a 5% increase in their commission rate (to 23%) for the upcoming year. As a result, Lionel’s president has decided to investigate the possibility of hiring its own sales staff in place of the network of sales agents and has asked Alan Chen, Lionel’s controller, to gather information on the costs associated with this change.

Alan estimates that Lionel must hire eight salespeople to cover the current market area, at an average annual payroll cost for each employee of $80,000, including fringe benefits expense. Travel and entertainment expenses is expected to total $770,000 for the year, and the annual cost of hiring a sales manager and sales secretary will be $235,000. In addition to their salaries, the eight salespeople will each earn commissions at the rate of 10% of sales. The president believes that Lionel also should increase its advertising budget by $670,000 if the eight salespeople are hired.

Required

1. Determine Lionel’s breakeven point (operating profit = 0) in sales dollars for the fiscal year ending June 30, 2019, if the company hires its own sales force and increases its advertising costs. Prove this by constructing a contribution income statement.

2. If Lionel continues to sell through its network of sales agents and pays the higher commission rate, determine the estimated volume in sales dollars that would be required to generate the operating profit as projected in the budgeted income statement.

Approximately 60% of all part-time college students in the United States are female. In random samples of size 100 taken from the population of all part-time college students:

• Describe the sampling distribution of the sample proportion of part-time female college students.

• What is the probability that the sample proportion of part-time female college students is at most 0.51?

• What is the probability that the sample proportion of part-time female college students is at least 0.67?

• What is the probability that the sample proportion of part-time female college students is between 0.53 and 0.60?

NAFTA is a multilateral trade agreement between Canada, United States, and Mexico enacted in the 1990's. This agreement eliminates trade barriers between these countries and allows trade to move freely without tariffs or restrictions.

However, there is a downside to this. Look at "in the News" on pg. 782 of the text on jobs relating to NAFTA. How do agricultural workers feel about this agreement? How about construction workers? The comparative advantage in these countries has changed due to NAFTA. Bottom line, do you feel NAFTA is a good thing? Is it really beneficial to the citizens of each country? Do you think Mexico benefits more?

Shamrock Burrito Inc. sells franchises to independent operators throughout the northwestern part of the United States. The contract with the franchisee includes the following provisions.

Management of Shamrock Burrito estimates that the value of the services rendered to the franchisee at the time the contract is signed amounts to at least $20,000. All franchisees to date have opened their locations at the scheduled time, and none have defaulted on any of the notes receivable. The credit ratings of all franchisees would entitle them to borrow at the current interest rate of 8%.

(b) Prepare the journal entries for the initial and continuing franchise fees, assuming: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.)

Please help me solve the following that have question marks. The ones I have listed my answers to are correct.

*please note, "interest revenue" is NOT correct to recognize collection of note and interest revenue on this last part of the answer!