Wildcat, Inc., has estimated sales (in millions) for the next four quarters as follows:

  
Sales for the first quarter of the year after this one are projected at $140 million. Accounts receivable at the beginning of the year were $55 million. Wildcat has a 45-day collection period.

Wildcat’s purchases from suppliers in a quarter are equal to 45 percent of the next quarter’s forecasted sales, and suppliers are normally paid in 36 days. Wages, taxes, and other expenses run about 20 percent of sales. Interest and dividends are $10 million per quarter.

Wildcat plans a major capital outlay in the second quarter of $81 million. Finally, the company started the year with a cash balance of $70 million and wishes to maintain a minimum balance of $30 million.

a. Complete the following cash budget for Wildcat, Inc. (Enter your answers in millions. A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

  
Assume that Wildcat can borrow any needed funds on a short-term basis at a rate of 3 percent per quarter and can invest any excess funds in short-term marketable securities at a rate of 2 percent per quarter.

b-1. Complete the following short-term financial plan for Wildcat, Inc. (Enter your answers in millions. A negative answer should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

  
b-2. What is the net cash cost (total interest paid minus total investment income earned) for the year? (A negative answer should be indicated by a minus sign. Enter your answer in millions. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
  
Net cash cost           $

9)

Having Health insurance means you can always see a doctor  

True

False

10)

healthcare is the method used to pay for the doctor

True

False

11)

Healthcare and Health Insurance are easily interchangeable terms

True

False

12)

Employer-provided private health insurance began in the United States because ["poor health conditions at the beginning of the 20th century prompted the U.S. government to require new companies to offer health insurance to employees.", "the American Medical Association successfully lobbied the U.S. government to provide subsidies to companies offering private health insurance to employees.", "during the Great Depression and then World War II, wage and price controls forced employers to use nonwage forms of compensation to attract workers.", "the rising threat of socialism prompted U.S. companies to provide insurance to dampen enthusiasm for socialist reform."]       which means that its due to    ["a problem with capitalism", "a problem that the government created via market interventions", "a lack of social welfare", "a lack of individual care for the public"]      

13)

4 of the general problems associated with the U.S. health care system are

frivolous malpractice lawsuits.

the disconnect between payers and users

that workers lose their insurance when they lose their jobs.

too little government spending

an overabundance of scanning machines.

A lack of a market based price alocation

Government regulation and heavy involvement in the system

too much profit incentives for greedy doctors

too little government spending

14)

A political action often falls under the ["free-rider", "Public Choice", "Principle Agent", "parasite"]         problem where some pay but all receive even if the don't pay.

They also run up against the ["Moral Hazard", "asymmetric information", "high information", "information overload"]      problem where the incentives to be knowledgeable are low due to the relatively low benefit and high cost of doing so. This results in those with the most benefit of a policy to be the most informed of that policy

Consider owners of roofing, nails, gasoline, food, etc outside the disaster area. In the case of Burma, consider owners of these goods in adjoining coutnries such as Thailand and Bangladesh.

Choose all that apply

FRED Exercise

Current Account

Since international capital flows is our topic this week, as promised, your first task is to graph the recent evolution of the quarterly U.S. Current Account Balance (National Accounts basis) as a percentage of GDP from 1980 through Q1 2019, the latest available quarter.

For this exercise, you must create the current account/GDP ratio yourselves by first accessing the quarterly, seasonally adjusted annual rate Current Account Balance (National Accounts basis) series, FRED code = NETFI.   (Make sure this is the quarterly series.) Then, while in “Edit Line 1,” type in “GDP” in the dialog box labeled “You can begin by adding a series to combine with your existing series.”   Among the available series options, scroll down to find “Gross Domestic Product Billions of Dollars Quarterly Seasonally Adjusted Annual Rate.” (Careful. You do not want to upload “Real Gross Domestic Product …..”   Click on the correct series; then click on “Add.” You should now have two series, “a” and “b.” Finally, simply transform the series by computing the ratio of the Current Account Balance) to GDP, expressing it as a percentage. So if series “a” = current account; series “b,” GDP, then you’d enter “(a/b)* 100” into the series transformation box.

(i)                  Print out this graph and attach it.     (1.0 point)

(ii)                What is the Q1 2019 value of this ratio, rounded to 2 decimal places? (.2 points)

(iii)               For the most part, what happens to the Current Account Balance as a percentage of GDP during recessions? Why do you think that is the case? (.4 points)

(iv)               Is the evolution over the past few years of the U.S. current account balance as a percentage of GDP really that alarming? Why or why not? (.4 points)

USING 3 FILES breast-cancer.arff, diabetes.arff and iris.arff IN WEKA 3.8

Task 1: Classification performance evaluation [10 marks]

In this comparative analysis task, you are required to evaluate classification performance of five algorithms on three datasets using Weka.  Load breast-cancer.arff, diabetes.arff and iris.arff datasets into Weka one at a time and run each of the below algorithms with their default settings. Then, collect a 10-fold cross-validation classification results for quantitative evaluation.

a. MultilayerPerceptron

b. Naive Bayes

c. J48

d. RandomForest

e. RERTree

You need to write a report that shows performance comparison of these algorithms on the datasets. The report should contain quantitative comparison of classification accuracy in terms of the confusion matrix and other performance metrics used in Weka. Include necessary screenshots, tables, graphs, etc. to make your report comprehensive, and revealing insightful details on the performance comparison.

Background: How much do we purchase and how do we pay for these purchases? According to recent data from US Bureau of Economic Analysis, U.S. consumer spending (personal consumption expenditures) rose to over $14 trillion from June 2018 to June 2019. This includes spending on all categories, ranging from cars and furniture to clothing and health care. At the same time, the Federal Reserve reports that total household debt has increased to approximately $13.67 trillion. This includes housing debt, student loans, and other forms of household debt. This assignment is to research trends in consumer spending, saving, and borrowing, and to examine your personal behaviors. Assignment: Write a 2-3 page essay that discusses consumer spending, saving, and borrowing in the U.S. and to contrast those trends with your own situation. You are to also discuss your vision of how your future career will facilitate your purchasing behavior. In particular, students are to:

1. Explore the basic trend in the total and average consumer spending, saving, and borrowing, using data from the U.S. Census Bureau, Bureau of Labor Statistics, and Federal Reserve. Student will also discuss what is being purchased (e.g., categories of spending such as home, auto, restaurant dining, etc.) and forms of debt (e.g., categories of debt such as mortgages, student loans, credit card, etc.) 2. Investigate your own behaviors by tracking your personal spending for at least two weeks. Students should identify what types of items they purchased and how they paid for those purchases. Students will present that data in their discussion. 3. Discuss their chosen occupational field they would envision for the future, including income levels, type of education required, and whether the student believes that field would align with their personal financial goals. If uncertain of chosen occupation, students should be able to provide a significant discussion of how they intend to meet their financial objectives. If completely uncertain, the student is encouraged to seek advice from a reputable source.

Wahlund Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. They prepared the following budget for October, when they planned on selling 6,500 units.

Actual results for October were:

Prepare a Flexible Budget Performance Report (complete Flexible Budget Analysis), including the total Activity Variance, total Revenue and Spending Variance, and individual Revenue and Spending Variances. All variances must be labeled as unfavorable (U) or favorable (F). Match each of the following items to the appropriate answer. Prepare the Flexible Budget Performance Report BEFORE you attempt to answer the questions.

1. What is the total Activity Variance?

2. What is the total Revenue and Spending Variance?

3. What is the individual Revenue Variance?

4. What is the individual Spending Variance for Variable Manufacturing Cost?

5. What is the individual Spending Variance for Fixed Manufacturing Cost?

6. What is the individual Spending Variance for Variable Selling and Administrative Expenses?

7. What is the individual Spending Variance for Fixed Selling and Administrative Expenses?

8. What is the flexible budget amount for Revenue?

9. What is the flexible budget amount for Variable Manufacturing Costs?

10. What is the flexible budget amount for Fixed Manufacturing Costs?

11. What is the flexible budget amount for Variable Selling and Administrative Expenses?

12. What is the flexible budget amount for the Fixed Selling and Administrative Expenses?

13. What is the flexible budget amount for Budgeted Operating Income?

Q. Cabal makes a product that has the following information for the second quarter of 2018.

They have a policy of keeping 20% of the next month's sales as a target ending inventory. The products require 2 hours of direct labour to make 1 unit at $20 per hour.

1.) Prepare a production budget for the second quarter.

2.) Prepare a labour usage budget and a purchases budget for the second Quarter.