Identify a particular good or service (Hand Sanitizer or other form of PPE) where its quantity traded is being influenced by a government policy. Is this product over-produced or under-produced? Who should be the winners and losers of welfare in this market? Does this seems to be true in the market for your product? Alternatively, identify a particular product being traded in a market you believe the government should intervene with a policy – whether it is a tax (or subsidy), or a price (or quantity) control. Since we know that this intervention will likely lead to market inefficiency, which group is likely to benefit from this intervention? What may be the greater reason to favor this group? Please use economic terms.

A small, private firm has approached you for advice on its capital structure decision. It is in the specialty retailing business, and it had earnings before interest and taxes last year of $ 500,000.

• The book value of equity is $1.5 million, but the estimated market value is $ 6 million.
• The firm has $ 1 million in debt outstanding, and paid an interest expense of $ 80,000 on the debt last year. (Based upon the interest coverage ratio, the firm would be rated AA, and would be facing an interest rate of 8.25%.)
• The equity is not traded, but the average beta for comparable traded firms is 1.05, and their average debt/equity ratio is 25%.

a) Estimate the current cost of capital for this firm

Alpaca corp. will pay 460,000 pounds (GBP) in 90 days. The current spot rate is USD 1.4883/GBP. The 90-day European call options on the pound with an exercise price of USD 1.6688/GBP are traded with a premium of USD 0.17 while the 90-day European put options on the pound with an exercise price of USD 1.7483/GBP are traded with a premium of USD 0.13. Suppose, Alpaca corp. wants to hedge its position using options. If the spot rate in 90 days is USD 1.8154/GBP, determine the company’s net payment in USD if it acts rationally.

Select one:

a. 894,884

b. 845,848

c. 835,084

d. 767,648

Consider a Specific Factors model of a competitive economy in which 2 goods (Manufacturing products and Agricultural products) are each produced with a specific input (capital and land respectively) and labour is an input in the production of both goods.

1. Assume that the economy exports agricultural products. Use a PPF diagram with Agriculture on the vertical axis to illustrate this equilibrium and clearly show how much of each good is produced, consumed and traded.
2. Illustrate the impact on the equilibrium of an increase in the relative price of manufacturing goods that does not eliminate the economy’s comparative advantage in agricultural goods . Again, show amounts produced, consumed and traded.
3. Will this increase raise or lower the return to land? Explain your answer in detail.

Suppose that France has 175,000 gallons of milk, Germany has 600,000 cookies, The U.S. has 1,000,000 cookies. France traded 50,000 gallons milk to Germany for 120,000 cookies; and the U.S. traded 192,000 cookies to France for 80,000 gallons of milk.

a) What is the price of milk in terms of cookies? (i.e. what is the amount of cookies you can get for one gallon of milk?)

b) What is the price of cookies in terms of milk? (i.e. what is the amount of milk you can get for one cookie?)

c) What is the final consumption opportunities for France, Germany, and the U.S. (what is the quantity of each product that is available to each of these countries as a result of trade?)

In investing, we would like to know the overall trend of the market. Is the market trending up? Or, is it trending down? If the market is trending up, we want to be invested in stocks or Exchange Traded Funds (ETFs), such as DIA, SPY, QQQ, SSO, DDM, or QLD to name several. If the market is trending down, we really do not want to be in stocks, because we all know too well what happens to stock prices in a down market. In a down market, the best place to be is in a money-market fund or inverse Exchange Traded Funds (ETFs), such as DOG, DXD, SDS or QID to name several. Now, how does one determine if the market is trending up or down?

Regarding underwriting considerations, what information may an employer have to provide to an insurance company to show that the company is insurable?

A. The firm's total number of employees B. The employees' health histories
C. References from customers
D. The employer's financial records

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.)

Java please. No "hard coding" please. Need to ask for the file and load the sample file information into the class.

There is a complete theory about how queues work. In this problem create a limited model to study the order in which a bunch of customers will be attended by their cashiers on a supermarket. The conditions for the experiment are:

• Each cashier spends the same amount of time with each customer (this is just an exercise, not real life).

• There will be a defined number of queues but never less than 2 and never more than 5.

• There is a variable number of customers, never less than 1 and never more than 20 and they are identified by a letter (A, B, C, …)

• The customers are distributed randomly among the different queues. • If two customers are served at the same time, we would consider that they will be ordered following the queue number they are at (first will be customer in queue 1, second customer in queue 2)

Write a program to give the order in which the customers are attended, for example:

• There are 4 queues:

• Cashier number 1 spends 3 minutes on each customer

• Cashier number 2 spends 2 minutes on each customer

• Cashier number 3 spends 4 minutes on each customer

• Cashier number 4 spends 1 minutes on each customer

• Customers are distributed as follows:

• Queue 1 (Cashier 1): Customer A, customer E, customer I

• Queue 2 (Cashier 2): B, F, J, N

• Queue 3 (Cashier 3): C, G, L

• Queue 4 (Cashier 4): D, H, M, O, P, Q

With this input the customers will have been served in the following order and timing:

D (after 1 minute)

B (after 2 minutes on queue 2)

H (after 2 minutes on queue 4)

A (after 3 minutes on queue 1)

M (after 3 minutes on queue 4)

F (after 4 minutes on queue 2)

C (after 4 minutes on queue 3)

O (after 4 minutes on queue 4)

P (after 5 minutes)

E (after 6 minutes on queue 1)

J (after 6 minutes on queue 2)

Q (after 6 minutes on queue 4)

N (after 8 minutes on queue 2)

G (after 8 minutes on queue 3)

I (after 9 minutes)

L (after 12 minutes)

The input from a data file will have the number of queues on the first line, followed by the information for each queue, first the time spent by the cashier on a customer, the number of customers on a queue and then the order of the customers separated by a space.

Output to the screen the list of served customers ordered by the time spent in the queue separated by spaces.

Must use a queue data structure.

Refer to the sample output below.

Sample File: the following information is on the queues.txt file

4

3 3 A E I

2 4 B F J N

4 3 C G L

1 6 D H M O P Q

Sample Run:

Enter file name: queues.txt

The list ordered by time spent: D B H A M F C O P E J Q N G I L