1) babies at risk weights of new born babies in the United States are normally distributed with a mean of 3420 g and a standard deviation of 495(based on data from "birth weight and prenatal mortality" by Wilcox et al., journal of the American medical association, via. 273 No.9). A newborn weighing less than 2200 g is considered to be at risk, because the mortality rate for this group is at least 1%. what percentage of newborn babies are in the "at-risk" category? if the Chicago general hospital has 900 births in a year. how many of the babies are in the "at-risk" category?

2) Measurements of human skulls from different epochs are analyzed to determine whether they change over time. The maximum breadth is measured for skulls from Egyptian males who lived around 3300 B.C. Results show that those breadths are normally distributed with a mean of 132.6 mm and a standard deviation of 5.4 mm. An archeologist discovers a male Egyptian skull and a field measurement reveals a maximum breadth of 124 mm. Find the probability of getting a value of 124 mm or less if a skull is randomly selected from the period around 3300 B.C. Is the newly found skull likely to come from that era?

The United States has a lot of federally owned land. Unfortunately, uncontrolled natural forest fires destroy large areas in the western US every summer. In 2002, about 1,000,000 acres of standing timber in national forests were consumed. Some consideration is being given to improved management practices that could produce electric power from residual forest thinning. Estimate the lost energy content of burned US forests during 2002. Assuming the US average electricity demand is about 300,000 MW e , how much forested land would be needed to produce all the country ’ s power? Is this a sustainable alternative? How would you manage the forest lands needed? A few facts to consider: the total forested area on US federal lands in the lower 48 states is about 600 million acres with a standing stock density of about 100 dry metric tonnes of wood per acre. Woody plants and trees capture solar energy via photosynthesis at an average rate of about 0.8 W/m 2 , which corresponds to producing about 5 – 10 dry tons of biomass per acre annually with an average heating value of 8000 BTU/dry lb. Note that 1 acre = 43,560 ft 2 = 0.405 hectare = 4047 m 2 and the average heat-to-work conversion efficiency of a biomass-fired electric power plant is about 35%.

Different nations have proposed different responses to climate change. For example:

-The United States has proposed to inject aerosols into the stratosphere as a means of solar radiation management.

-China has proposed to implement solar radiation management using reflectors in space.

-Scotland has proposed marine cloud brightening for solar radiation management.

(etc. etc….)

Choosing any one of the above examples, describe in more detail how the response could be implemented. Outline the likely risks covering technical, social and economic perspectives.

* PLEASE CHOOSE THE EASIEST AND SHORTEST ANSWER .

*PLEASE TYPE THEM ON COMPUTER

Red Canyon T-shirt Company operates a chain of T-shirt shops in the southwestern United States. The sales manager has provided a sales forecast for the coming year, along with the following information: Quarter 1-49000, Quarter 2-78000, Quarter 3- 39000 Quarter 478000 Budgeted Unit Sales. Each T-shirt is expected to sell for $24. The purchasing manager buys the T-shirts for $10 each. The company needs to have enough T-shirts on hand at the end of each quarter to fill 34 percent of the next quarter’s sales demand. Selling and administrative expenses are budgeted at $98,000 per quarter plus 14 percent of total sales revenue. Required: 1. Determine budgeted sales revenue for each quarter. 2. Determine budgeted cost of merchandise purchased for each quarter. 3. Determine budgeted cost of good sold for each quarter. 4. Determine selling and administrative expenses for each quarter. 5. Complete the budgeted income statement for each quarter.

Red Canyon T-shirt Company operates a chain of T-shirt shops in the southwestern United States. The sales manager has provided a sales forecast for the coming year, along with the following information:

• Each T-shirt is expected to sell for $16.
• The purchasing manager buys the T-shirts for $6 each.
• The company needs to have enough T-shirts on hand at the end of each quarter to fill 26 percent of the next quarter’s sales demand.
• Selling and administrative expenses are budgeted at $82,000 per quarter plus 12 percent of total sales revenue.

Required:
1. Determine budgeted sales revenue for each quarter.



2. Determine budgeted cost of merchandise purchased for each quarter.



3. Determine budgeted cost of good sold for each quarter.



4. Determine selling and administrative expenses for each quarter.



5. Complete the budgeted income statement for each quarter.

Red Canyon T-shirt Company operates a chain of T-shirt shops in the southwestern United States. The sales manager has provided a sales forecast for the coming year, along with the following information:

• Each T-shirt is expected to sell for $23.
• The purchasing manager buys the T-shirts for $9 each.
• The company needs to have enough T-shirts on hand at the end of each quarter to fill 33 percent of the next quarter’s sales demand.
• Selling and administrative expenses are budgeted at $96,000 per quarter plus 12 percent of total sales revenue.

Required:
1. Determine budgeted sales revenue for quarters 1, 2, and 3.
2. Determine budgeted cost of merchandise purchased for quarters 1, 2, and 3.
3. Determine budgeted cost of good sold for quarters 1, 2, and 3.
4. Determine selling and administrative expenses for quarters 1, 2, and 3.
5. Complete the budgeted income statement for quarters 1, 2, and 3.

Part 1:

Budgeted Sales Revenue : Quarter 1: Quarter 2: Quarter 3:

Part 2:

Budgeted cost of Merchandise Purchased : Quarter 1 : Quarter 2 : Quarter 3 :

Part 3

Budgeted cost of goods sold : Quarter 1: Quarter 2: Quarter 3 :   

Part 4

Budgeted Selling ad administrative expenses : Quarter 1: quarter 2 : Quarter 3 :

.

Omni, Inc. manages a medical-expense reimbursement program for colleges and universities
throughout the United States. University employees submit claims for reimbursement of medical
expenses from reimbursement accounts established each year by the employees. Omni then
processes reimbursement requests, verifies the legitimacy of each request, computes the
deductible and co-payment required, determines whether the employee's expense reimbursement
account has adequate funds available, and, if applicable, issues a reimbursement check to the
eligible employee.
Omni employs three different types of clerks who manage these reimbursement accounts:
supervisors, senior clerical staff, and junior clerical staff. The supervisors are each paid $50,000
per year, senior clerical staff employees are paid $40,000 per year, while junior clerical staff
employees are paid $35,000 per year. Based on prior experience, for every 150,000 claims
processed per year, Omni needs to budget for one supervisor's position, two senior clerical staff
positions, and six junior clerical staff positions.
Last year, Omni processed 2 million reimbursement claims, and employed 14 supervisors, 30
senior clerical staff employees, and 83 junior clerical staff employees.

Required:
1. Based on the data provided, calculate the cost savings or excess staffing costs for Omni during
the most recent year. (Assume that the policy of the company is to hire only full-time
employees.)
2. a. What managerial insights are suggested on the basis of your analysis?
b. If you were attempting to judge the processing efficiency of Omni's staff, what additional
information might you want to have?
3. Over the years, alternative approaches to traditional budgeting practices have been proposed to
facilitate budget preparation and usefulness. Compare/contrast the following alternative
budgeting approaches to a traditional budgeting process:
a. Zero Base Budgeting (ZBB)
b. Activity-Based Budgeting (ABB)
c. Kaizen budgeting

1,Assume that the United States begins deficit spending to fund new social welfare programs.

Using a correctly labeled loanable funds graph, show and explain the impact of the new spending on real interest rates in the United States.

Explain the impact of the change in interest rates you identified in part (A) on each of the following:

a.Capital investment

b.Long-term economic growth

c.The international value of the U.S. dollar

2.

Assume a visitor from another nation decides to open a checking account at J & R National Bank. The visitor deposits $20,000 that is new money to the Macro Islands economy. The central bank has set a required reserve ratio of 10%.

i.What is the change in the total amount that J & R National Bank can loan out? Explain.

ii.Calculate the total amount that the bank can create? (Calculate means show your work.)

Now assume that the Macro Islands government decides to increase spending to fund new projects that will bring in more visitors. Explain what will happen to the demand for loanable funds and real interest rates as a result.

3.

If a decrease in personal income taxes increase aggregate income, then real interest rates will

A. decrease with a decrease in aggregate income.

B.increase with an increase in aggregate income.

C.remain stable as the decrease in taxes offsets the increase in aggregate income.

D.decrease with a decrease in aggregate income.

E.remain stable as the decrease in taxes offsets the decrease in aggregate income.

4.

Crowding out occurs when

A.the government is using contractionary fiscal policy. (my answer, correct?)

B.the government is using expansionary fiscal policy.

C.Congress increases personal income taxes.

D.Congress increases business taxes.

E.Congress increases spending and personal income taxes by the same amount.

Assume the United States has a potential GDP of approximately $18 trillion. Use economic indicators from the last eight quarters (two years) to make a determination about the state of the economy, whether the U.S is in a recession, expansion or macroeconomic equilibrium. You must explain and support your answer with information you have researched and learned during the semester. Any research that is used must be cited in the paper. This information should include the following:

Real GDP


Unemployment rate


Labor Force Participation rate

Inflation rate