I was walking my dog Baroness in the park yesterday. She’s really sweet and I wanted to get a picture of her – a really detailed picture of her – so I set the shutter speed to 1/250th of a second. I noticed that an f/stop setting of 2.8 gave me a really nice picture of her - that is to say, the exposure (the amount of light) was really good. BUT I noticed that the tree behind her and the pond weren’t in focus and I really wanted to see all of it. So I decided change the settings so that Bear and the scenery were in focus. What settings should I change on my camera?

-. And in what direction?

. Later we were tossing football in a big grassy area. She’s a great receiver – Air Bud has nothing on her. I told her to “go long” up the sideline and she took off running. I was thinking about how to get a good picture of her when she was moving so fast. As she ran back past me I set my shutter speed to 1/1000th of a second in order to get a good shot of her. What should I set my f/stop setting to in order to have the same total exposure? (original settings are in bold)

f-stop     1, 1.4, 2, 2.8, 4, 5.6, 8, 11, 16, 22, 32

shutter    1/15, 1/30, 1/60, 1/125, 1/250, 1/500, 1/1000

Alternative Inventory Methods

Park Company's perpetual inventory records indicate the following transactions in the month of June:

Units Cost/Unit
Inventory, June 1 200 $3.20
Purchases:
      June 3 200 3.50
      June 17 250 3.60
      June 24 300 3.65
Sales:
      June 6 300
      June 21 200
      June 27 150

Required:

1. Compute the cost of goods sold for June and the inventory at the end of June using each of the following cost flow assumptions: If required, round your answers to the nearest dollar.

FIFO

Cost of Goods Sold $ _____________
Ending Inventory $ ______________

LIFO (Round your intermediate calculations and final answers to the nearest cent.)

Cost of Goods Sold $ ___________
Ending Inventory $ _____________

Average cost (In your computations, round new per unit costs to the nearest cent. Round your intermediate computations and final answers to the nearest dollar.)

Cost of Goods Sold $ ___________
Ending Inventory $ ____________

Mercer Corporation acquired $400,000 of Park Company’s bonds on June 30, 2018, for $409,991.12. The bonds carry a 12% stated interest rate and pay interest semiannually on June 30 and December 31. The appropriate market interest rate is 11%, and the bonds are due June 30, 2021.

Required: 1. Prepare an investment interest income and premium amortization schedule, using the:

a. straight-line method

b. effective interest method

2. Prepare journal entries to record the December 31, 2018, and December 31, 2020, interest receipts using both methods.

At a company picnic held at an out-of-town park, a co-worker’s child falls off the monkey bars. Based on the bruising and slight change in shape of her forearm, you suspect a fracture. The parents give permission for you to give first aid care, but they insist on transporting her to advanced care themselves. You search for materials in your environment to use for splinting her injury.

What material could you use to splint the child's arm?

What parts of the arm must be immobilized?

Describe how you would apply the splint.

Alex is driving down Park Avenue on her way to meet friends for dinner. She receives a text message, with a change in the evening’s plans from a sushi bar to a pizza place. Upset about the switch from sushi to pizza, Alex focuses on her phone, taking her hands off the wheel and her eyes off the road as she explores alternative restaurant menus in the group text. Alex’s car slams into Robert’s car in front of her, causing Robert’s car to veer off the road into the center median. Robert’s head hits the windshield and he sustains a concussion. Robert’s car hits a trash can. The force of the impact causes the trash can to shatter, sending the trash can fragments flying. Lily, window shopping a quarter of a mile away, is hit by the flying debris and falls, breaking her arm on the icy sidewalk. Robert sues Alex, and Lily also sues Alex. Judgment for whom in each case?

The community park has a small lake where visitors can rent paddle boats at $1 for 15 minutes, up to 2 hours. After 2 hours, the rate increases to $3 for 30 minutes.

Problem Write the piecewise function to model this situation and graph the function.

  1. What is the rental charge at 15 minutes? At 16 minutes? At 45 minutes?

2. If you had only $15, how long could you rent a boat?

3. How are the two lines in the graph the same, and how are they different?

4. How would the graph change if the rate change occurred at ? = 1 hour?

5. How would the graph change if the fee were $2 for 15 minutes?

6. What is the rental fee at 3 hours?

Health Economics quiz

1. The Evanston North acquisition of Highland Park hospital was unusual because:
   1. The FTC opened its investigation after the merger was consummated.
   2. Evanston North alleged substantial efficiencies were only available to the merged firm.
   3. The FTC had actual evidence of post-merger pricing with which to assess the competitive effects of the merger.
   4. The attorneys for ENK hired economists to conduct empirical   analysis of geographic market definition.
2. Did the FTC win the first round at the ALJ in its litigation against ENH?
   1. Yes
   2. No
3. On appeal, ENH’s case was judged by the Commission.
   1. True
   2. False
4. The Commission voted to uphold the FTC case against ENH.
   1. True
   2. False
5. The FTC initially sought to have ENH divest Highland Park but later settled for a provision that EN and Glendale must negotiate with payors such as Blue Cross/Blue Shield independently.
   1. True
   2. False
6. Which was the most dispositive evidence that the merger was anticompetitive:
   1. Concentration in the antitrust market was made substantially more concentrated by the merger.
   2. EN documents referred to Highland Park’s imposition of price discipline on EN.
   3. Price data was analyzed by Commission economists that showed substantial post-merger price increases.
   4. Documentary evidence of collusion among the five hospitals remaining after merger.
7. Following the Commission’s win over the merger defendants private parties filed suit against ENH for damages from price fixing.
   1. True
   2. False
8. Not all hospital patients can afford to pay for their hospital care and, as well, hospitals are not allowed to turn emergency room patients down or divert them to other hospitals. Allegedly, hospitals make up the deficit through cost shifting.
   1. True
   2. False
9. Unlike regulated firms cost shifting by hospitals is essentially price discrimination.
   1. True
   2. False

SoakNSun Swim Park sells individual and family tickets. With a​ ticket, each person receives a​ meal, three​ beverages, and unlimited use of the swimming pools. SoakNSun has the following ticket prices and variable costs for 2018​:

SoakNSun expects to sell one individual ticket for every three family tickets. SoakNSun​'s total fixed costs are $61,875.

Requirement 1. Compute the​ weighted-average contribution margin per ticket.

Complete the table below to calculate the​ weighted-average contribution margin. ​(Round the​ weighted-average contribution margin per unit to the nearest​ cent.)

Requirement 2. Calculate the total number of tickets SoakNSun must sell to break even.Start by selecting the formula and entering the amounts to calculate the total number of tickets SoakNSun must sell to break even. ​(Abbreviations used: Weighted avg. CM​ = weighted-average contribution margin. Complete all answer boxes. For items with a zero​ value, enter​ "0".)

Requirement 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even.

1. Jupiter recently introduced her cousin Letecia to one of her colleagues working for the Avocado Park Development Council, whose name is Scheherazade. Letecia has decided to ask Scheherazade out on a date and her goats have jumped in to help. They don’t really understand human romantic customs, but they reason that humans base most of their behavior on money, so they want to start by estimating how much Letecia should expect to spend on a date. They collect a random sample of 52 first dates from residents of Avocado Park and ask how much money the dater spent (they discarded responses of zero as unhelpful). The results of their survey can be found under the questions. Thanks
   1. Identify the population of interest.
   2. Identify the variable of interest. What type of variable is it?
   3. If the goats want to estimate HOW MUCH Letecia should be expected to spend on this date, what parameter should they try to estimate?
   4. If the goats wish to estimate the parameter you chose in part c using a confidence interval, what conditions would need to be met? What assumptions would be necessary?
   5. Estimate the parameter you chose in part c with a confidence level of 90%.
   6. If Letecia can only afford to spend $80 on this date, should she worry that she’ll come off as cheap? Justify your answer.

Date Expense: 43,96, 70, 92, 87, 92, 70, 89, 65, 67, 43, 61, 57, 61, 75, 46, 83, 27, 81, 22, 127, 94, 86, 69, 102, 96, 59, 98, 72, 115, 117, 67, 55, 73, 84, 64, 62, 45, 51, 84, 74, 60, 82, 69, 41, 81, 62, 83, 120, 72, 97, 66