Evaluaate the disadvantages of using a psychosocial framework in social work practice with an individual from a racial or ethnic minority group

(a) a Latino immigrant

(b) individuals who are physically disabled

Carolyn Shaw is 27. - She works as an accountant for an oil company. - Her salary next year will be $80,000. - She expects to receive a 5 percent raise each year until she retires at age of 65. - Carolyn is considering a return to school to pursue an MBA degree. - She expects the cost of books, tuition, and fees to be $70,000 the first year and $72,000 the second. - These costs are paid at the beginning of the year (as you surely know). - She will not work while in school. - Graduates of the school Carolyn is considering receive starting salaries that average $130,000. - Raises average 7 percent per year. - Carolyn considers the opportunity costs to be 12 percent. a)Determine the present value of Carolyn’s lifetime earnings if she does not return to school. b)Determine the present value of Carolyn’s lifetime earnings with an MBA degree. Remember, she won’t start her job for two years. c) What is the NPV of an MBA degree given Carolyn Shaw's assumptions?

Sandy McPherson, a university study, has inherited $90,000. She is looking to save this money and earn interest for exactly four years, after which she will use it as a deposit on her new house. She has researched the interest market and come up two good introductory options to choose from:

1. Sum bank- 2.7% interest for the first year, then 1.15 % for the next three years.
2. Certain bank- 2.1% for the first two years and then 0.4% for the next two years.

Assume that interest is paid monthly and that the returns occur after tax.  Task:

1. Calculate the amount of interest Sandy will have earned under each scenario.
2. Taking into consideration the amount of interest earned over the 4 years, calculate the annual rate of return for each product as a percentage.
3. Explain why your answers in question b better represents an APR or an EAR.

Sandy McPherson, a university study, has inherited $90,000. She is looking to save this money and earn interest for exactly four years, after which she will use it as a deposit on her new house. She has researched the interest market and come up two good introductory options to choose from:

1. Sum bank- 2.7% interest for the first year, then 1.15 % for the next three years.
2. Certain bank- 2.1% for the first two years and then 0.4% for the next two years.

Assume that interest is paid monthly and that the returns occur after tax. Task:

1. Calculate the amount of interest Sandy will have earned under each scenario.
2. Taking into consideration the amount of interest earned over the 4 years, calculate the annual rate of return for each product as a percentage.
3. Explain why your answers in question b better represents an APR or an EAR.

Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $5 and $15, respectively. Regardless of type, each sweatshirt must be fed through a stitching machine to affix the appropriate university logo. The firm leases seven machines that each provides 1,000 hours of machine time per year. Each Swoop sweatshirt requires 6 minutes of machine time, and each Rufus sweatshirt requires 20 minutes of machine time. Assume that there are no other constraints. Required: 1. What is the contribution margin per hour of machine time for each type of sweatshirt? When computing your answers, round machine time per unit to two decimal places. Round your final answers to the nearest dollar. Contribution Margin Swoop $ Rufus $ 2. What is the optimal mix of sweatshirts? If an amount is zero, enter "0". Optimal Mix Swoop units Rufus units 3. What is the total contribution margin earned for the optimal mix?

Determining the Optimal Product Mix with One Constrained Resource and a Sales Constraint

Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $5 and $15, respectively. Regardless of type, each sweatshirt must be fed through a stitching machine to affix the appropriate university logo. The firm leases seven machines that each provides 1,000 hours of machine time per year. Each Swoop sweatshirt requires 6 minutes of machine time, and each Rufus sweatshirt requires 30 minutes of machine time.

Assume that a maximum of 50,440 units of each sweatshirt can be sold.

Required:

If required, round your answers to the nearest whole number.

1. What is the contribution margin per hour of machine time for each type of sweatshirt?

2. What is the optimal mix of sweatshirt?

3. What is the total contribution margin earned for the optimal mix?
$

Determining the Optimal Product Mix with One Constrained Resource and a Sales Constraint

Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $5 and $15, respectively. Regardless of type, each sweatshirt must be fed through a stitching machine to affix the appropriate university logo. The firm leases seven machines that each provides 1,000 hours of machine time per year. Each Swoop sweatshirt requires 6 minutes of machine time, and each Rufus sweatshirt requires 30 minutes of machine time.

Assume that a maximum of 50,950 units of each sweatshirt can be sold.

Required:

If required, round your answers to the nearest whole number.

1. What is the contribution margin per hour of machine time for each type of sweatshirt?

2. What is the optimal mix of sweatshirt?

3. What is the total contribution margin earned for the optimal mix?
$

Provide a forecast on a new product that you will be developing. Often managers are called upon to make forecasts for these new products when they don't have historical sales data inside the company. What secondary sources of data might you find? Who specifically would provide it (e.g.: the US Census, US Dept of Commerce, ComScore, Nelsen, . . .)? How would this data be used to support your forecast?

Joey Joystick is a computer programmer. While he was in his final year of university studies, he worked as an intern with a local electronic games producer, Great Games Pty Ltd. Joey impressed his supervisors with his insightful comments and other input on design work. They were so impressed with his work on one design, Crypt Force, that they gave him part credit for it and paid him a general bonus for it. Crypt Force ultimately won an industry award and proved to be a big seller for the company. After Joey’s university graduation ceremony, he was ushered aside by a Great Games executive who showed him a document and said: “We’re very impressed by your work, Joey. We’d like you to join us permanently— we’re sure you’ll be happy with the deal we can offer you.” The document was a contract of employment which contained the following clauses:

1. The duration of the contract is three (3) years.

9. The employee (Joey) agrees that he will not for the duration of the employment contract or for a period of one year after the conclusion of the employment undertake design activities in Australia for the purposes of the production of electronic games or any other form of entertainment.

The starting salary under the contract was that normally paid to a senior designer, which was a position a new designer would not usually attain until he or she had worked with Great Games for three years. Joey happily signed the agreement. After two years with Great Games, Joey was approached by a film production company, Computer Animated Films Inc (CAN). Joey agreed with CAN that, for a salary five times what he was getting paid by Great Games, he would immediately start work as part of a team producing Cosmic Armada, a feature-length computer animated film. As part of the deal, Joey would also work on a spin-off Cosmic Armada electronic game. Advise Great Games whether it can prevent Joey from working for CAN.

The exchange rate of a currency is the price paid in one country's currency for the currency of another country. If a company in the United States sources parts from a company in Europe, dollars will need to be converted to euros to pay for the parts. This need to convert currency introduces uncertainty as to the actual cost of the parts, since the exchange rate at the time the price is quoted may be different from the rate when payment is made. If the value of the euro appreciates, it will take more dollars to make payment in euros. If the value of the euro depreciates, it will take fewer dollars.

This exercise is designed to give you practice with currency exchange and help you better understand fluctuations in the exchange rates in CountryManager.

1. COUNTRYMANAGER

   
   In the table below, given the value of 1 USD in each of the countries, fill in the exchange rates for all the other combinations.

2. An Argentine retailer has ordered BRL 100,000 worth of product from a manufacturer in Brazil. Using the rates in the table in question 1, how much will the order cost in Argentine pesos?

3. A US firm has a subsidiary in Japan which earned YEN 1.5 billion last year. How much is that in US dollars at the rate of exchange in the table?

4. If the subsidiary in Japan increases earnings to YEN 1.7 billion, and the exchange rate rises to YEN/USD 92.1749, what are the earnings in USD? What if the rate goes down to 71.3687?

5. In CountryManager, you do not have any way of mitigating the risk of exchange rate fluctuations. What can an international business do in the real world to reduce the risk?