1. Airbnb has housed over 150 million guests in over 65,000 cities since 2008. Do a bit of research on what Airbnb is and how cities and the hotel industry has been responding to it. Draw a supply and demand graph, model the labor market for hotel workers, pre-Airbnb, and show how Airbnb has likely affected the market.

2. We all love to go to little, local ice cream shops. Many of these places hire teenagers over the summer to serve these delicious treats for us. Suppose that a new minimum wage bill comes online this summer, raising the minimum to $10/hour. Create two graphs: 1) model the market for these ice cream shop workers and how shop owners will likely respond to the minimum wage increase immediately after it happens; 2) model what would happen if a company starts using very cheap robot ice cream servers... how does it affect the market for teenage servers. Explain in your paragraph what is going on and give arguments why your graph is reasonable.

3. Many parts of the U.S. have a shortage of IT workers... not enough people are trained in these fields. Model the market for IT workers. What would happen if a new training program was targeted toward people in Appalachia who have a hard time finding work... the program trains this group to be IT technicians. Does it lead to more employment in IT?

4. You are looking at the labor market for young, childless males seeking work with low-paying employers (i.e. Wal-Mart). With a supply and demand graph, show the effects of expanding the EITC to these workers. Illustrate an initial equilibrium (before EITC), the shift due to the new EITC expansion, and point out the wage they get paid from the employer and the additional “pay” they get due to the EITC.

In a murder trial in Los Angeles, the prosecution claims that the defendant was cut on the left middle finger at the murder scene, but the defendant claims the cut occurred in Chicago, the day after the murders had been committed. Because the defendant is a sports celebrity, many people noticed him before he reached Chicago. Twenty-two people saw him casually, one person on the plane to Chicago carefully studied his hands looking for a championship ring, and another person stood with him as he signed autographs and drove him from the airport to the hotel. None of these 24 people saw a cut on the defendant’s finger. If in fact he was not cut at all, it would be extremely unlikely that he left blood at the murder scene.

(a) Because a person casually meeting the defendant would not be looking for a cut, assume that the probability is 0.7 that such a person would not have seen the cut, even if it was there. Furthermore, assume that the person who carefully looked at the defendant’s hands had a 0.4 probability of not seeing the cut even if it was there and that the person who drove the defendant from the airport to the hotel had a 0.6 probability of not seeing the cut even if it was there. Given these assumptions, and also assuming that all 24 people looked at the defendant independently of each other, what is the probability that none of the 24 people would have seen the cut, even if it was there? (Do not round intermediate calculations and round your final answer to 4 decimal places.)

Probability          

(b) What is the probability that at least one of the 24 people would have seen the cut if it was there? (Round your answer to 4 decimal places.)

Probability         

(c) Given the result of part b and given the fact that none of the 24 people saw a cut, do you think the defendant had a cut on his hand before he reached Chicago?

Yes or No

using the schedule from unit 3 assignment, estimate the cost for each activity.

Unit 3 Case Assignment (Wedding) – Baseline Schedule of activities.

WBS # DESCRIPTION RESPONSIBLE Duration
1 Budget & Planning Tony 9 days
1.1 Create a Timeline Peggy Sue 2
1.2 Estimate Budget Tony 2
1.3 Evaluate Estimated Budget/Timeline & Actual Cost of Wedding Tony 5
2 Guest List Peggy Sue 33 days
2.1 Determine Guest List Tony 7
2.2 Create & Mail “Save the Date” Peggy Sue 7
2.3 Send Invitations Peggy Sue 7
2.4 Collect Responses Tony 7
2.5 Finalize Seating Chart Peggy Sue 5
3 Bridal Peggy Sue 55 days
3.1 Determine Bridal Party Peggy Sue & Tony 15
3.2 Purchase Wedding Apparel Carmella 20
3.3 Plan Bridal Party Events Carmella 15
3.4 Purchase Marriage License Tony 5
4 Honeymoon Carmella 10 days
4.1 Confirm Destination & Dates Peggy Sue 5
4.2 Book Travel & Hotel Carmella 3
4.3 Confirm Booking & Payment Details Tony 2
5 Venue & Vendors Peggy Sue 53 days
5.1 Book Venue for Ceremony, Reception & Rehearsal Dinner Peggy Sue 12
5.2 Select Vendors Tony 6
5.3 Select Officiant Mildred 5
5.4 Hire Photographer/Videographer Peggy Sue 5
5.6 Reserve Hotel Block Mildred 5
5.7 Hire Transportation Mildred 5
5.8 Finalize Catering Menu Tony 5
5.9 Finalize Ceremony, Reception & Rehearsal Dinner Set-up Mildred 10

Simulation Individual Tax AICPA Released: U.S. Taxation

Based on the data provided, enter the approriate values in the form 1040 from Line 7 through Line 22..

Information

Trevor and Jordan Riley were married during the year 2017. Following is additional information pertaining to the Riley family for the year 2017:

1. Prior to her marriage to Trevor, Jordan received $5,000 in alimony and $12,600 in child support.
2. The Rileys earned $10,000 in ordinary interest and $8,500 in municipal bond interest.
3. Trevor’s wages were $85,000, and Jordan’s were $62,000.

4. The Rileys received a $2,000 security deposit on the rental property they actively manage. They are required to return the amount to the tenant. In addition, the Rileys received $20,000 in gross receipts from the rental property. The expenses for the residential rental property were:

Bank mortgage interest                                    $5,000
Real estate taxes                                     2,600
Insurance                                               1,700
Depreciation                                           3,200

5. In January, as part of a sweepstakes contest, Jordan won a week’s stay valued at $3,000 at a luxurious hotel in Hawaii. Trevor and Jordan spent their honeymoon at that hotel.
6. The Rileys had no capital loss carryovers from prior years. During the year, the Rileys had the following stock transactions:

       Date Acquired Date Sold    Sales Price    Cost Basis
Buster Co.   2/1/2016         3/17/2017   $15,000          $5,000
Copper lnc. 2/18/2017       4/1/2017        8,000            4,000

Requirement: complete the Rileys’ 2017 Form 1040, Schedule A, Schedule D and Schedule E.

Please complete the line 7 through the line 22 on Form 1040.

Please complete the line 1 through line 16 on Schedule D.

Please complete the line 3 through line 26 on Schedule E.

Kim is a 27-year-old woman who recently moved from a small

town in Texas to work in the city of Dallas as a reporter for one

of the major newspapers. She is 5’6” tall and weighs 115 lb. To

keep in shape she likes to jog, which she did regularly in her

hometown. She doesn’t know anyone in Dallas and has been

lonely for her family since arriving. But she has moved into a

small apartment in a quiet neighborhood and hopes to meet

young people soon though her work and church.

On the first Saturday morning after she moved into her new

apartment, Kim decided to get up early and go jogging. It was

still dark out, but Kim was not afraid. She had been jogging

alone in the dark many times in her hometown. She donned her

jogging clothes and headed down the quiet street toward a nearby

park. As she entered the park, an individual came out from a

dense clump of bushes, put a knife to her throat, and ordered her

to the ground. She was raped and beaten unconscious. She

remained in that condition until sunrise when she was found by

another jogger who called emergency services, and Kim was

taken to the nearest emergency department. Upon regaining

consciousness, Kim was hysterical, but a sexual assault nurse

examiner (SANE) was called to the scene, and Kim was assigned

to a quiet area of the hospital, where the post-rape examination

was initiated.

Answer the following questions related to Kim:

1. What are the initial nursing interventions for Kim?

2. What treatments must the nurse ensure that Kim is aware

are available for her?

3. What nursing diagnosis would the nurse expect to focus on

with Kim in follow-up care? 

Kim is a 27-year-old woman who recently moved from a small town in Texas to work in the city of Dallas as a reporter for one of the major newspapers. She is 5’6” tall and weighs 115 lb. To keep in shape she likes to jog, which she did regularly in her hometown. She doesn’t know anyone in Dallas and has been lonely for her family since arriving. But she has moved into a small apartment in a quiet neighborhood and hopes to meet young people soon though her work and church. On the first Saturday morning after she moved into her new apartment, Kim decided to get up early and go jogging. It was still dark out, but Kim was not afraid. She had been jogging alone in the dark many times in her hometown. She donned her jogging clothes and headed down the quiet street toward a nearby park. As she entered the park, an individual came out from a dense clump of bushes, put a knife to her throat, and ordered her to the ground. She was raped and beaten unconscious. She remained in that condition until sunrise when she was found by another jogger who called emergency services, and Kim was taken to the nearest emergency department. Upon regaining consciousness, Kim was hysterical, but a sexual assault nurse examiner (SANE) was called to the scene, and Kim was assigned to a quiet area of the hospital, where the post-rape examination was initiated. Answer the following questions related to Kim: 1. What are the initial nursing interventions for Kim? 2. What treatments must the nurse ensure that Kim is aware are available for her? 3. What nursing diagnosis would the nurse expect to focus on with Kim in follow-up care?

You are planning on flying out of an airport on a trip. The airport parking garage charges $6 per day for the first four days, $4 per day for the next three days and $2 per day thereafter. A parking garage just outside the airport charges $5 per day and provides a free shuttle to the airport. When is it more cost-effective to park at the airport parking garage?

Your solution MUST include responses to ALL four parts. a) Understand the problem. Restate the problem in your own words. What do you know from the reading the problem? What are you looking for? What type of problem is this? What is needed in order to solve the problem?

b) Make a plan. State your plan for solving this problem. You may use words or diagrams. You might want to consider making a table, drawing a diagram, looking for a pattern, or building an equation or model.

c) Implement your plan. Once you have articulated your plan, carry out your plan. Using the information given, create mathematical model, an equation that you can use to determine when it will be more cost-effective to park at the airport parking garage. Clearly indicate how you arrived at that answer. Show your work! (*Even if using a calculator, discuss how and why you took the steps you did, not just what buttons you pushed.)

d) Look back. Is your answer reasonable? Can you find a way to check your work? Interpret your results. Remember that you have multiple representations – words, tables, graphs, and equations. Can you find another way to look at this problem that would allow you to check that your solution is correct? Interpret the answers in the context of the original application.

NewTech Medical Devices is a medical devices wholesaler that commenced business on June 1, 20X1. The company purchases merchandise for cash and on open account. In June 20X1, NewTech Medical Devices engaged in the following purchasing and cash payment activities:

Required:
Journalize the transactions in a general journal.

Analyze:
What was the amount of trade discounts received on the June 15 purchase from Park Research?

Statistics Out- of- Control Signals

Out-of-control signal I: Any point falls beyond the ±3σ level.

Out-of-control signal II: A run of nine consecutive points on the same side of the center line.

Out-of-control signal III: At least two of three consecutive points lie beyond the ±2σ level on the same side of the center line.

Yellowstone Park Medical Services provides emergency health care for park visitors. Such health care includes treatment for everything from indigestion and sunburn to more serious injuries. A recent issue of Yellowstone Today indicated that the average number of visitors treated each day was 21.7. The estimated standard deviation was 4.2.

For a ten- day summer period, the following data were obtained:

Day 1 2 3 4 5 6 7 8 9 10

Number Treated 20 15 12 21 24 28 32 36 35 37

The manager of a motel has 316 rooms. From observation over a long period of time, she knows that on an average night, 268 rooms will be rented. The long-term standard deviation is 12 rooms. For 10 consecutive nights, the following numbers of room were rented each night:

Night 1 2 3 4 5 6 7 8 9 10

Number of Rooms 238 245 261 269 273 250 241 230 215 217

+3σ = 34.3…………………………………………………………………………………………………………

+2σ= 30.1……………………………………………………………………………………………………….

+1σ = 25.9………………………………………………………………………………………………………..

µ = 21.7 _________________________________________________________

-1σ= 17.5………………………………………………………………………………………………………………

-2σ= 13.3………………………………………………………………………………………………………………

-3σ =9.1 ………………………………………………………………………………………………………………

Days 1 2 3 4 5 6 7 8 9 10

+3σ = …………………………………………………………………………………………………………

+2σ= ……………………………………………………………………………………………………….

+1σ ………………………………………………………………………………………………………..

µ = _________________________________________________________

-1σ= ………………………………………………………………………………………………………………

-2σ= ………………………………………………………………………………………………………………

-3σ = ………………………………………………………………………………………………………………

Nights 1 2 3 4 5 6 7 8 9 10