For each transaction below, enter its value and sign, and whether it belongs to the current or financial accounts. Compute the Current Account Balance, the Financial Account Balance, and indicate whether there is a Balance of Payment surplus or a Balance of Payments deficit (i.e. compute the Balance of Official Settlements).

a. A French wine consultant is hired to advise wineries in Napa on wine tasting. The Napa wineries pay the consultant $300, which the (French) consultant keeps in a bank account in Napa.

b. The United States Treasury pays interest on T-bills held by Black Rock, a British Bank, for $200. The bank holds the US dollars in a London account.

c. The European Central Bank purchases $100 from a New York bank, paying with euros that the New York bank holds in a bank in Frankfurt.

d. A Chinese holding company buys IMB, and American company, by acquiring its shares in the American stock market. The Chinese firm pays $400 to acquire IMB, and it pays with US dollars it had in its accounts.

e. The import of kimonos from Japan to the United States for $100. The American importer pays for the kimonos in Japanese yen, which the importer held in an account in Tokyo.

Sandrine Machinery is a Swiss multinational manufacturing company. Currently, Sandrine's financial planners are considering undertaking a 1-year project in the United States. The project's expected dollar-denominated cash flows consist of an initial investment of $2000 and a cash inflow the following year of $2400. Sandrine estimates that its risk-adjusted cost of capital is 15%. Currently, 1 U.S. dollar will buy 0.73 Swiss franc. In addition, 1-year risk-free securities in the United States are yielding 6%, while similar securities in Switzerland are yielding 3%. Do not round intermediate calculations.

If this project was instead undertaken by a similar U.S.-based company with the same risk-adjusted cost of capital, what would be the net present value and rate of return generated by this project? Round your answers to two decimal places.

NPV = $ _____

Rate of return = _____

What is the expected forward exchange rate 1 year from now? Round your answer to two decimal places.

_____ SF per U.S. $

If Sandrine undertakes the project, what is the net present value and rate of return of the project for Sandrine? Do not round intermediate calculations. Round your answers to two decimal places.

NPV = ____Swiss Francs

Rate of return = ____%

Global Marketing

From modest beginnings 45 years ago in Seattle's Pike Street Market, Starbucks Corporation has become a global marketing phenomenon. Today, Starbucks is the world's leading specialty coffee retailer, with 2019 revenues of $26.51 billion. In the United States, nearly two-thirds of Starbucks outlets are company owned; the remaining one-third are operated by licensees. Outside the United States, the proportions are reversed: about two-thirds are run by licensees or partnerships in which Starbucks has equity stakes. Starbucks founder and chairman, Howard Schultz, and his management team have used a variety of market-entry approaches—direct ownership, licensing, and franchising—to create an empire of more than 21,000 coffee cafés in 65 countries. In addition, Schultz has licensed the Starbucks brand name to marketers of noncoffee products such as ice cream. The company has even made forays into movies and recorded music. (Source: Nasdaq, 2014)

Discuss the advantages and disadvantages of the modes of entry (direct ownership, licensing, partnership, and franchising) employed by Starbucks in different countries. For discussion purpose, select one country for each mode of entry. Please include the references with your answer.

Table 2

Suppose that you intend to invest $10,000 in one-year government bonds. You are looking for the highest return on your investment and do not care whether you invest in the United States or Japan, but as U.S. resident, you want your investment return to be in U.S. dollars. The Table lists 4 scenarios, each showing the current interest rate for one-year government bonds in the United States and Japan, the current exchange rate between the dollar and the yen, and the expected exchange rate in one year. Other than the interest rates, you assume the bonds from each country to be identical.

Refer to Table 2. With which scenario will you be worst off by investing in Japanese bonds instead of U.S. bonds?

Role of Government in Providing Health Insurance for Other Sections

The government provides health insurance to low-income individuals, the elderly, and the disabled. These individuals cannot afford private health insurance and would be uninsured if government insurance did not exist. Medicaid and Medicare are entitlement programs, while SCHIP is a block grant program.

On the basis of your knowledge on Medicaid, Medicare and SCHIP, write a 3- to 4-page essay in a Microsoft Word document on these government insurance programs. Your essay should include answers to the following questions:

Compare and contrast the three major government health insurances. Include eligibility, administrative jurisdiction, and method of financing.

Compare the Medicaid program in the state you reside in with a Medicaid program in another state. Should Medicaid programs be uniform throughout the United States? Explain why or why not.

Compare the structure and eligibility rules for SCHIP in your state and SCHIP in another state. Do you think that SCHIP should be uniform throughout the United States? Why or why not?

Describe entitlement and block grant programs. How are these two programs different?

Should all government health insurances be entitlement programs or should they all be block grant programs? Why?

Study Questions (Quiz 3)
1. Discuss how infectious and noninfectious diseases relate to communicable and noncommunicable dis
eases and conditions.

2. List and explain the different general classifications of diseases.

3. Classifications were given of major infectious diseases.

List the five modes of transmission and provide examples.

4. List the three general sources of infectious diseases and provide examples,

5. How do incubation periods differ from latency periods?

6. Choose five infectious diseases and identify the typical incubation periods for these diseases.
7. Explain the concept of notifiable diseases.

8. Explain and discuss herd immunity.

9. What role does increasing life expectancy over the last century have on the types of diseases and
conditions affecting mankind?

10. Describe how the age-adjusted percent distribution of limitation due to one or more chronic
conditions is influenced by race/ethnicity and poverty in the United States, 2012 (see Figure 3-7).

11. Describe how the age-adjusted percent distribution of limitation in work activity due to health
problems among persons aged 18-69 is influenced by race/ ethnicity and poverty in the United States,
2012 (see Figure 3-8).

1) Under accrual basis accounting, we record revenue when ________.

A) cash is received from customers

B) cash is received for any reason

C) it meets the criteria for revenue recognition

D) a company receives cash from a customer on account

2) Under accrual basis accounting, we record expenses when ________.

A) a company pays cash to a supplier

B) a company incurs a liability

C) a company uses resources

D) a company pays cash to anyone

3) Which of the following is(are) a deficiency(deficiencies) of cash-basis accounting?

A) it omits key revenues and expenses from the balance sheet

B) it fails to match revenues and expenses to measure economic performance

C) it omits key assets and key liabilities from the balance sheet

D) B and C

4) In the United States, Generally Accepted Accounting Principles are developed primarily by ________.

A) International Accounting Standards Board

B) Financial Accounting Standards Board

C) Securities and Exchange Commission

D) International Accounting Federation

5) An audit guarantees that there are absolutely no mistakes in the financial statements. (T / F)

6) Generally Accepted Accounting Principles in the United States are developed by the International Accounting Standards Committee. (T / F)

1) You measure 30 textbooks' weights, and find they have a mean weight of 70 ounces. Assume the population standard deviation is 8.7 ounces. Based on this, construct a 90% confidence interval for the true population mean textbook weight. Give as your answer as decimals, to two places.

2) In 2011 the U.S. Department of Transportation reported with 95% confidence that the average length of a motor vehicle trip in the United States was 9.72 miles with a margin or error of 0.22 miles.

With 95% confidence the authors of the report are claiming that the true average length of a motor vehicle trip in the United States is between ? and ? miles.

The level of confidence for this estimate is ?

3) In a survey, 11 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $50 and standard deviation of $14. Construct a confidence interval at a 90% confidence level.

4) If n=14, ¯xx¯(x-bar)=34, and s=17, construct a confidence interval at a 98% confidence level. Assume the data came from a normally distributed population.

5) Out of 200 people sampled, 132 had kids. Based on this, construct a 95% confidence interval for the true population proportion of people with kids.

Sandrine Machinery is a Swiss multinational manufacturing company. Currently, Sandrine's financial planners are considering undertaking a 1-year project in the United States. The project's expected dollar-denominated cash flows consist of an initial investment of $2000 and a cash inflow the following year of $2400. Sandrine estimates that its risk-adjusted cost of capital is 13%. Currently, 1 U.S. dollar will buy 0.73 Swiss franc. In addition, 1-year risk-free securities in the United States are yielding 6.75%, while similar securities in Switzerland are yielding 3%.

1. If this project was instead undertaken by a similar U.S.-based company with the same risk-adjusted cost of capital, what would be the net present value and rate of return generated by this project? Round your answers to two decimal places.

   NPV = $  

   Rate of return = %

2. What is the expected forward exchange rate 1 year from now? Round your answer to two decimal places.

   SF per U.S. $

3. If Sandrine undertakes the project, what is the net present value and rate of return of the project for Sandrine? Do not round intermediate calculations. Round your answers to two decimal places.

   NPV = Swiss Francs

   Rate of return = %

Write a one page by answering the following question Most importantly, be sure to use evidence, reason, argument, and/or examples to support your view

Corporation B is a publicly traded Fortune 500 company worth $50 billion. Corporation B has factories in the United States, in addition to Mexico and China. While Corporation B has a strong code of ethics, a recent internal audit found that Corporation B unjustly profited off labor in Mexico and China that was conducted under illegal conditions. This labor contributed substantially to the company’s 2012 profit of $6 billion, although the exact amount of profit it contributed is unknown. Corporation B also made part of its $6 billion profit from its factories in the United States, which met all state and federal labor standards. A government accountability office discovers the illegal labor conditions in China and Mexico. The result, is that Corporation B’s 2012 profit of $6 billion was made through just and unjust means. How should the government accountability office redress the injustice of profiting off labor performed under illegal conditions? (Make reference to the articles “Justice as Fairness”, and also, “Distributive Justice,”