The James Children’s Hospital (JCH), based in Washington DC, has been operating has an operating budget of $15 million and has been operating at a budget surplus for the past two years. JCH has a $20 million endowment (JCHA) whose sole purpose is to provide capital equipment for the hospital. The endowment’s long-term expected total return is 8.6%, which includes a 3.3% income component. JCHE has no minimum payout requirement and expects no future contributions. Traditionally, the JCHE board of directors has determined the annual payout based on current needs. Payouts have been rising steadily – to $1.375 million two years ago and to $1.4 million last year.

Michelle Parker, CFO of JCHE, has asked the board’s guidance in determining a new long-term spending policy for JCHE. Remove the word knew. She has received $1.6 million in requests to buy equipment and is concerned about the inflation rate for medical equipment prices, which is 4%, versus 2.5% for the U.S. Consumer Price Index.

1 - Discuss the implications of the current pressure on JCHE to increase spending.

2 - Discuss how JCHE’s time horizon affects its risk tolerance.

3 - Determine a long-term spelling policy for JCHE, including a spending rate as a percentage of assets, and justify the policy.

Data set 2 presents a sample of the number of defective flash drives produced by a small manufacturing company over the last 30 weeks. Use Excel's Analysis ToolPak (or any statistical package that you are comfortable with) to compute the regression equation for predicting the number of defective flash drives over time (in weeks), the correlation coefficient r and the coefficient of determination R2. Submit your statistical output from Excel, which should include values for a slope, y-intercept, regression equation, r, and R2, and a one-page Word document in which you present an analysis of your results.

During your review of the audit field work completed by a new junior employee of the audit firm, John Smith, you have noted many areas which require additional review notes. John, who has just completed the interim audit of Taxon Ltd for the year ended 30 June 2019, has just performed testing of controls. When testing controls over payments made to related parties, there should be evidence of approval and sign-off by the chief financial officer (CFO). John selected a sample of payments made to related parties and vouched them back to the electronic funds transfer (EFT) forms to sight the CFO’s signature of approval. Based on a sample of ten payments, six had been approved by the CFO in writing. However, the remaining four EFT forms (for immaterial amounts) did not have the CFO’s signature, but John noted that the CFO had given verbal approval. John concluded that because all internal controls were working, the audit team could use analytical procedures alone to audit payments made to related parties. Required: Based on the results of the testing of controls outlined above, determine whether John has arrived at the appropriate conclusion? (1 mark) Justify your answer by addressing the following areas: the risks associated with related party transactions, and the reliability of controls at Taxon Ltd. (Word Limit: Minimum of 150 words. Maximum of 600 words)

Your employer, a midsized human resources management company, is considering expansion into related fields, including the acquisition of Temp Force Company, an employment agency that supplies word processor operators and computer programmers to businesses with temporarily heavy workloads. Your employer is also considering the purchase of Biggerstaff & McDonald (B&M), a privately held company owned by two friends, each with 5 million shares of stock. B&M currently has free cash flow of $24 million, which is expected to grow at a constant rate of 5%. B&M’s financial statements report short-term investments of $100 million, debt of $200 million, and preferred stock of $50 million. B&M’s weighted average cost of capital (WACC) is 11%. Answer the following questions:

1. Use a pie chart to illustrate the sources that comprise a hypothetical company’s total value. Using another pie chart, show the claims on a company’s value. How is equity a residual claim?

2. Suppose the free cash flow at Time 1 is expected to grow at a constant rate of  forever. If , what is a formula for the present value of expected free cash flows when discounted at the WACC? If the most recent free cash flow is expected to grow at a constant rate of  forever (and ), what is a formula for the present value of expected free cash flows when discounted at the WACC?

I'm in a freshmen level physics class now, so I don't know much, but something I heard today intrigued me. My TA was talking about how at the research facility he worked at, they were able to accelerate some certain particle to "99.99% the speed of light". I said why not 100%, and I didn't quite understand his explanation, but he said it wasn't possible. This confused me. Since the speed of light is a finite number, why can we go so close to its speed but not quite?

Edit: I read all the answers, and I think I'm sort of understanding it. Another silly question though: If we are getting this particle to 99.99% the speed of light by giving it some sort of finite acceleration, and increasing it more and more, why cant we increase it just a little more? Sorry I know this is a silly question. I totally accept the fact we cant reach 100%, but I'm just trying to break it down. If we've gotten so close by giving it larger and larger acceleration every time, why cant we just supply it with more acceleration? And how much of a difference is there between 99.99% the speed of light, and the speed of light? (I'm not really sure if "difference" is a good word to use, but hopefully you get what I'm asking).

A 36-year-old man is admitted to your unit 4 hours after a surgical reduction of a compound fracture of the femur. His other health problems include hypercholesterolemia, for which he takes atorvastatin (Lipitor) 80 mg once daily, and bipolar disorder for which he takes lithium (Eskalith) 600 mg once daily. He has an IV of dextrose 5% in 0.45% saline infusing at a rate of 150 mL/hr. His blood pressure is now 96/70, down from the last reading of 128/80 obtained in the postanesthesia recovery area. His pulse is 84 and regular, and his pulse oximetry is 99%. In assessing him for possible shock, you note that the catheter drainage bag contains 800 mL of pale urine. His last output, measured 1 hour ago, was 1100 mL. According to the operative record, his output during the 3-hour surgery was 1800 mL. His total IV intake for the surgical and postoperative period was 1500 mL. He is to have his IV and Foley catheter removed when stable.

1. Is his output cause for concern? Provide a rationale for your response.

2. Will you discontinue the IV and/or the Foley? Why or why not?

3. What symptoms of shock are present?

4. What are the possible causes of his urine output volume? 5. What is your best course of action?

Upload your answers in the link provided in Microsoft word format only.

Option 2 – the Bad Newsletter

Background

Jennifer Guyan has applied to your company in the position of a salesperson. However, you have decided to offer the position to another candidate who has more experience selling your company’s products. Jennifer is your Marketing Manager’s niece, so it is very important that you give Jennifer some feedback on why she was not chosen for the position (she needs more experience with selling your particular products and would also benefit from a training program offered by your head office). While you want to give her constructive feedback in the letter, it’s also a good idea to invite her to meet with you in person if she wants further advice in applying for future openings in the company. Write the letter to Jennifer remembering to use the indirect format for bad news communication.

Your Assignment

Write a properly formatted business letter to Jennifer explaining that she did not receive the position she applied for and explaining why.

Make up any details you need. You can create a company name and letterhead for this assignment.  

ASSIGNMENT GUIDELINES

§ Each letter should be no more than one page in length, 250 words and all fit on one page.

§ Submit assignment via Moodle in a WORD format

§ Present the letter in an appropriate letter format.

§ Counts towards 10% of your total mark.

Trade Use economic concepts that you acquired in this class to answer the following question. You must also supplement your text with researched information that will support your arguments: Describe the positive or negative impact(s) of international trade or of globalization on a developing country or region of your choice. You should include all of the following in your text, but can choose to incorporate more information so as to provide a more complete response:

o Briefly describe the country or region of your choice by focusing on that country’s trade patterns with one or many of its important trade partner(s). You must use statistical data in part to address this point.

o Incorporate at least one economic theory learned in class and explain it in the context of trade in developing countries.

o Describe the positive or negative impact(s) that international trading or that globalization has had for that country or for that region. Discussion Forum Instructions General Instructions:

o You must incorporate in your paper economic theories learned in class and apply them to your analysis.

o You must state your interpretation of the information that you provided and then justify your interpretation using several arguments that you will need to explain.

o You should take a balanced position. Special Instructions: o Your response to the discussion forum prompt must be of at least 450 words. write on Microsoft word

Past test scores in my math course typically have a standard deviation equal to 14.1. The class from last semester had 27 test scores with a standard deviation of 9.3. Use a 0.01 significance level to test the claim that the class from last semester has less variation than the other classes from the past. Assume a simple random sample is selected from a normally distributed population.

1. Write the conclusion utilizing the “correct” words using Table 8-3, p. 366. Make sure you insert the relevant portions of the claim into the conclusion.
2. Construct the associated confidence interval (CI).
3. State the CI using the correct notation using the correct notation.
4. If applicable, state the margin of error (E = __) and show your calculations.
5. If applicable, state the point estimate using the correction notation and show your calculations.
6. Does the CI support the hypothesis test conclusion? Explain/interpret. This may require a sentence or two, not just a single word.
7. Express the Type I error in the context of the problem using the words from the “helper” document. Make sure the conclusion is worded such that it addresses the claim (p. 368).
8. Express the Type II error in the context of the problem using the words from the “helper” document. Make sure the conclusion is worded such that it addresses the claim (p. 368).

1. What different types of data can be part of a machine language instruction?

2. What are some differences between RISC and CISC computers?

3. What is the general architecture of most modern computers: VonNeumann, Harvard, or Modified Harvard?

4. What descriptors from 2 and 3 above would you use to classify today's personal computers?

5. Why is it important to know whether a machine is Big-Endian or Little Endian when converting 16-bit or 32-bit data from one type of machine to another?

6. Is a programmer concerned with the types and number of buses inside a CPU?

7. How large of a memory can be supported by each of a 16-bit, 32-bit, and 64-bit address bus ( both in K, M, G, and T and in the "real" number of addresses)?

8. Which addressing mode uses a register to specify the address of an instruction operand in memory: Indexed, Register, PC relative, or Immediate?

9. List 4 things that the processor's control unit does.

10. Why does a CPU need registers that are not accessible or programmable by a programmer?

11. List the steps that a CPU needs to go through in order to read a single data word from RAM.

12. What is the purpose of a bus inside of a CPU?

13. What type of special purpose computing device generally uses a Harvard architecture? Spell out the answer, an acronym is not enough