The target value for a watch is to lose no time over a year. A sample of 4 watches had the following time gained (lost) in minutes: (-1, -2, 3, -3). Assume k = $4. Calculate the following:

Round your answers to two decimal places.

Average squared deviation:

Average loss per watch:

Total expected loss for 8,000 watches produced and sold: $

The year is 1947 and the U.S. Senate and House of Representatives are considering legislation to deal with an unsettled labor–management situation affecting the U.S. economy. Since the end of World War II, organized labor and employers have experienced a host of problems. Strikes in the oil, automobile, steel, and coal industries have occurred, causing President Harry Truman to call a national labor–management conference to find a formula for industrial peace. Still, this unsettled labor–management situation greatly strengthened opposition to the Wagner Act Congress passed in 1935.

Since the passage of the Wagner Act, labor unions had insisted on the legality of the closed shop (which demanded that workers be members of a labor union before obtaining a job). Senator Robert Taft of Ohio and Congressman Fred Hartley of New Jersey argued that the equity between organized labor and management intended by the Wagner Act was out of balance. Together they proposed the Labor Management Relations Act to counter what was perceived as the growing power of labor unions. Organized labor vigorously opposed the legislation and President Truman promised to veto the bill. However, on June 23, 1947, after overriding a presidential veto, the Taft-Hartley Act became law.

The concept of reaching a balance between labor and management led to provisions in the bill that dealt with “unfair labor practices” that applied to unions and management. Practices such as refusing to bargain in good faith, engaging in secondary boycotts, stopping work over jurisdictional or interunion disputes, and charging excessive initiation fees to keep members out of a union were considered unfair labor practices. Special rules that allowed the president to call for a “cooling-off” period or waiting period were also written into the law for handling controversies or strikes that could threaten national health or safety. The Taft-Hartley Act also made the closed shop illegal.

Organized labor denounced the entire Taft-Hartley Act as a “slave labor” law. However, unions were particularly troubled with Section 14(b) of the legislation. Section 14(b) enabled states to pass right-to-work laws that would permit limitations on union shop and union security agreements. Labor “affectionately” called the provision “right-to-wreck” laws and promised to fight such legislation in states where it was proposed. To date, 22 states have passed legislation authorizing the open shop agreement in the workplace. Oklahoma was the last state to pass right-to-work legislation in 2001.

A major question that’s been debated since passage of the Taft-Hartley Act is, “Does passage of right-to-work laws make a difference in a state’s economy?” Former Governor Frank Keating of Oklahoma, who supported the right-to-work legislation in his state, says Oklahoma experienced “a blizzard of interest after passage of the right-to-work law.” A study by the Mackinac Center for Public Policy in Michigan states, “right-to-work laws increase labor productivity by requiring labor unions to earn the support of each worker since workers are able to decide for themselves whether or not to pay dues.” Dennis Donovan, a corporate-location consultant in Edison, New Jersey, says that among manufacturers choosing facilities among numerous states, having a right-to-work law is a precondition for about one-third of the companies. Labor unions take an opposite view and claim that workers in right-to-work states earn on average less than union employees and work under less worker-friendly conditions. Unions claim the real purpose of right-to-work laws is to roll back the achievements earned by organized labor. This issue promises to still be strongly debated in this century.

1. If given a choice, would you elect to join a labor union or not join? What are the reasons for your decision?
2. What are today’s protections under the law available to workers?
3. Do you believe that unions have outlived their usefulness? Explain your answer.
4. Oklahoma is a “right-to-work state”. Explain what that means.
5. What is a “right-to-work state”?
6. How do you feel about economic development and growth in Oklahoma or your state?
7. If Oklahoma or your state were not a right-to-work state, would you support a right-to-work law if it were put to a popular vote? Why or why not?

The records at the end of January of the current year for Young Company showed the following for a particular kind of merchandise: Beginning Inventory at FIFO: 14 Units @ $16 = $224 Beginning Inventory at LIFO: 14 Units @ $12 = $168 Transactions Units Unit Cost Total Cost Purchase, January 9 28 $ 14 $ 392 Purchase, January 20 54 19 1,026 Sale, January 21 (at $42 per unit) 37 Sale, January 27 (at $43 per unit) 27 1. Compute the inventory turnover ratio for the month of January under the FIFO and LIFO inventory costing methods.

You will be paying $10,500 a year in tuition expenses at the end of the next two years. Bonds currently yield 8%. a. What is the present value and duration of your obligation? (Do not round intermediate calculations. Round "Present value" to 2 decimal places and "Duration" to 4 decimal places.) Present value $ Duration years b. What is the duration of a zero-coupon bond that would immunize your obligation and its future redemption value? (Do not round intermediate calculations. Round "Duration" to 4 decimal places and "Future redemption value" to 2 decimal places.) Duration years Future redemption value $ You buy a zero-coupon bond with value and duration equal to your obligation. c-1. Now suppose that rates immediately increase to 9%. What happens to your net position, that is, to the difference between the value of the bond and that of your tuition obligation? (Enter your answer as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.) Net position changes by $ c-2. What if rates fall to 7%? (Enter your answer as a positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.) Net position changes by $

If​ $1000 is deposited at the end of each year for 5 years into an ordinary annuity earning 7.59​% compounded​ annually, construct a balance sheet showing the interest earned during each year and the balance at the end of each year.

Complete the balance sheet.

​(Round to the nearest cent as​ needed.)

1. At the midpoint of the current year, a $16,000 check is given for land, and the buyer assumes the liability for unpaid taxes in arrears of $400 at the end of last year and those assessed for the current year of $360.

a. Determine the cost used for recording the land acquired.

b. Record the journal entry on the date of the land's acquisition.
Note: Record your credit accounts in alphabetical order using the first letter of the account name.

A stock pays a dividend of $50 at the end of the first year, with each subsequent annual dividend being 5% greater than the preceding one. Mandy buys the stock at a price to earn effective annual yield of 10%. Immediately after receiving the 10th dividend, Mandy sells the stock for a price of P. Her effective annual yield over the 10-year period was 8%. Calculate P. (Answer $1,275.54)

A manager is looking at the number of sick days used by employees in a year.

H0: the average number is 8 or below

H1: the average is over 8

We know that the standard deviation of the number of sick days used by employees is 2, and we want to test at 10% significance level.

Say we took a random sample of 50 employees, and checked their records, and found that the average was 8.1

The manager figures that the critical value (z-sub-0.1) is 1.28.

What should be the decision?

Assume that the one-year interest rate in the US is 4% and in the Eurozone is 6%. According to interest rate parity (IRP), What should the one-year forward premium or discount of the euro be (use of approximation is OK)? If the euro’s spot rate is $1.10, what should the one-year forward rate of the euro be?