In what ways do the four basic financial statements relate to one another? Given the general emphasis on the “bottom line” of the Income Statement, why do you think the SEC requires publicly-held companies to include all four, as well as the related footnotes?

If unethical or illegal behavior occurs within a business enterprise, how can employees bring about change when initial reports are ignored? What actions can senior managers take to repair the damaged reputations of their organizations after scandals become publicly known?  

1. A hospital located outside a metropolitan statistical area is termed a

1. Specialty Hospital
2. Rehabilitative Center
3. Rural Hospital
4. Government Sponsored Hospital

2. A demand for payment of covered medical expenses sent to an insurance company is called

1. A Claim
2. A Co-Payment
3. The Deductible
4. Cost Sharing

3. Each of the following is an important characteristic of a health insurance policy Except

1. Deductible
2. Co-Payment
3. Premium
4. COBRA

4. Medicare Part A provides service for

1. Prescription Drugs
2. Hospital Stays
3. Primary Care Physician
4. Mental Health Services

5. Healthy Behavior can be modified through

1. Only financial assistance
2. Educational programs and incentives
3. Police enforcement
4. Only community churches

6. What type of Health Insurance is based on Market Justice

1. Publicly financed Medicare
2. No Insurance
3. Publicly financed Medicaid
4. Private employer-based Health Insurance

7. An 80 to 20 ratio of cost sharing when health care services are used is an example of

1. Deductible
2. Co-Insurance
3. Co-Payment
4. Stop Loss Provision

8. The fee-for-service method of payment
   1. Induced providers to deliver nonessential services
   2. Bundled charges under one price
   3. Is largely in use today
   4. Has an incentive to contain costs

9. The Medicare program that motivates and promotes the quality of inpatient care in the hospital setting is known as

1. Medicare Part A
2. Provider-Induced demand
3. Medicare Advantage plan
4. Hospital Value-Based Purchasing

10. Cost sharing

1. Controls overutilization
2. Shifts a greater proportion of costs to the employer
3. Shifts a greater proportion of costs to providers
4. Rations needed health care

Company expects revenue of $1 million in year 1, $1.2 million in year 2, and amounts increasing by $200,000 per year thereafter. If the company’s MARR is 5% per year, what is the future worth of the revenue through the end of year 10?

X Company's profit equation next year is expected to be 0.42R-$11,900, where R is total revenue. Assuming a tax rate of 34%, what must next year's revenue be in order for X Company to earn after-tax profits of $28,000?

1. Kwok and Tadesse (2006) indicate that MNCs act as an agent to change a host country’s institutions and therefore help to lower incidences of corruption. Explain why MNCs often attempt to change host country institutions instead of just paying their way to get things done. Explain the reasons.

Print out the following output. You must use exactly 2 for statements, 2 range statements, and 3 print statements. (python)

Calculating x **

1

1

3

5

====

Calculating x ** 2

1

9

25

====

Calculating x ** 3

1

27

125

====

Customers arrive in a certain shop according to an approximate Poisson process on the average of two every 6 minutes.

(a) Using the Poisson distribution calculate the probability of two or more customers arrive in a 2-minute period.

(b) Consider X denote number of customers and X follows binomial distribution with parameters n= 100. Using the binomial distribution calculate the probability oftwo or more customers arrive in a 2-minute period.

(c) Let Y denote the waiting time in minutes until the first customer arrives. (i) What is the pdf ofY? (ii) Find q1=π0.75

(d) Let Y denote the waiting time in minutes until the first customer arrives. What is the probability that the shopkeeper will have to wait more than 3 minutes for the arrival of the first customer ?

(e) What is the probability that shopkeeper will wait more than 3 minutes before both of the first two customers arrive?

Comparative financial statements for Weaver Company follow:

During this year, Weaver sold some equipment for $15 that had cost $45 and on which there was accumulated depreciation of $26. In addition, the company sold long-term investments for $42 that had cost $35 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $96 of its own stock. This year Weaver did not retire any bonds.

Required:

1. Using the direct method, adjust the company’s income statement for this year to a cash basis.

2. Using the information obtained in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year.

Using the direct method, adjust the company’s income statement for this year to a cash basis. (Adjustment amounts that are to be deducted should be indicated with a minus sign.)

Using the information obtained in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year. (Cash outflows and amounts to be deducted should be indicated with a minus sign.)

Comparative financial statements for Weaver Company follow:

During this year, Weaver sold some equipment for $17 that had cost $38 and on which there was accumulated depreciation of $19. In addition, the company sold long-term investments for $28 that had cost $18 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $87 of its own stock. This year Weaver did not retire any bonds.

Required:

1. Using the direct method, adjust the company’s income statement for this year to a cash basis.

2. Using the information obtained in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year.

to be deducted should be indicated with a minus sign.)

Cash outflows and amounts to be deducted should be indicated with a minus sign.)