There are two economies, Essos and Westoros. In Essos, most aggregate economic shocks happen in the market for goods and services. In Westoros, money demand fluctuates a lot but the demand for goods and services is very stable. In each economy, the central bank is contemplating two alternative monetary policies: Policy 1: pick a target interest rate, and try to hold it constant by varying the money supply. Policy 2: pick a target amount of money supply, and try to hold it constant by letting the interest rate adjust freely. The central banks' goal is to "stabilize" the economy, that is, to make GDP fluctuate as little as possible. Which of the two policies should Essos and Westoros each adopt? Why? (Hint: you will need to use the Liquidity Preference model AND the IS-LM model)

Maxwell Mining Company's ore reserves are being depleted, so its sales are falling. Also, because its pit is getting deeper each year, its costs are rising. As a result, the company's earnings and dividends are declining at the constant rate of 7% per year. If D₀ = $5 and r_s = 16%, what is the value of Maxwell Mining's stock? Round your answer to the nearest cent.

$______

A stock is expected to pay a dividend of $1.00 at the end of the year (i.e., D₁ = $1.00), and it should continue to grow at a constant rate of 3% a year. If its required return is 12%, what is the stock's expected price 2 years from today? Do not round intermediate calculations. Round your answer to the nearest cent.

$______

Patient E.F. is an 85-year-old female who sustained a hip fracture after falling on her way out of the bathroom in her nursing home. She had surgery today to repair the hip fracture. According to reports from the staff of her nursing home, patient E.F. has a history of mild intermittent confusion. When she arrives on your unit from the recovery room, she is unable to tell you how she would rate her pain but she is groaning, grimacing, and appears uncomfortable when you reposition her. Since patient E.F. appears to be in pain, you give her the PRN oxycodone that is part of her postoperative orders. An hour later when you go to re-assess her pain, you note that E.F. has a respiratory rate of 8 breaths per minute. She is difficult to arouse and will not answer any questions verbally The reversal medication is effective in resolving patient E.F.’s lethargy, but she remains confused throughout that first night after surgery. She is not oriented to place or time, and does not understand that she had surgery. She wants to get out of bed, is calling out for family members who are not there, and pulls at her Foley catheter and IV line. The next morning, on the first day after surgery, the patient is seen again by the doctor. The doctor asks that you try to wean the patient off of her nasal cannula oxygen, since she does not wear oxygen normally. You attempt to wean the patient throughout the day, but have trouble obtaining oxygen saturations that are consistently above 90%. By the 2nd morning after surgery, the patient’s confusion has improved to what her family reports is her baseline mental status. However, she continues to require oxygen via the nasal cannula to keep her oxygen saturation above 90%. The provider is notified, and they order a chest xray. The patient’s lab values that night show the patient has an elevated white blood cell count and she has developed a cough. Her lung sounds are diminished with some crackles in the bases. please answer the following questions very briefly:

1) Priority Nursing Diagnosis:

2) Consultation that this patient needs:

3) Abnormal assessment findings currently exhibited

Accounting procedures allow a business to evaluate its inventory costs based on
two methods: LIFO (Last In First Out) or FIFO (First In First Out). A manufacturer evaluated
its finished goods inventory (in thousands) for five products with the LIFO and FIFO methods.
To analyze the difference, they computed (FIFO - LIFO) for each product. Based on the
following results, does the LIFO method result in a lower cost of inventory than the FIFO
method?

What is the decision at the 5% level of significance?

Inventory Costing Methods-Periodic Method The following information is for the Bloom Company for 2012; the company sells just one product: Units Unit Cost Beginning Inventory 200 $70 Purchases: Feb. 11 500 $74 May 18 400 76 Oct. 23 100 80 At December 31, 2012, there was an ending inventory of 360 units. Assume the use of the periodic inventory method. Calculate the value of ending inventory and the cost of goods sold for the year using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost method. Round your answers to the nearest dollar.

Inventory Costing Methods-Periodic Method Archer Company is a retailer that uses the periodic inventory system

Calculate the August cost of goods sold and the ending inventory at August 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods.

Do not round until your final answers. Round your final answers to the nearest dollar.

The Lippert Company uses the perpetual inventory system. The following July data are for an item in Lippert's inventory:

Calculate the cost of goods sold for the July 15 sale using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods.

Round your final answers to the nearest dollar. For weighted-average cost, do not round the weighted-average unit cost

Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31.

TIP: Although the purchases and sales are listed in chronological order, Scrappers determines the cost of goods sold after all of the purchases have occurred.

Required:

1. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 under each of the following inventory costing methods: (Round "Cost per Unit" to 2 decimal places.)
   a. Last-in, first-out.
   b. Weighted average cost.
   c. First-in, first-out.
   d. Specific identification, assuming that the April 1 sale was selected one-fifth from the beginning inventory and four-fifths from the purchase of March 2. Assume that the sale of August 1 was selected from the purchase of June 30.
2. Of the four methods, which will result in the highest gross profit? Which will result in the lowest income taxes?

The beginning inventory at Midnight Supplies and data on purchases and sales for a three month period ending March 31 are as follows:

Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31.

TIP: Although the purchases and sales are listed in chronological order, Scrappers determines the cost of goods sold after all of the purchases have occurred.

Required:

1. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 under each of the following inventory costing methods: (Round "Cost per Unit" to 2 decimal places.)
   a. Last-in, first-out.
   b. Weighted average cost.
   c. First-in, first-out.
   d. Specific identification, assuming that the April 1 sale was selected one-fifth from the beginning inventory and four-fifths from the purchase of March 2. Assume that the sale of August 1 was selected from the purchase of June 30.
2. e. Of the four methods, which will result in the highest gross profit? Which will result in the lowest income taxes?