1. Assume that Hippoland is in Long-run Equilibrium in in 2019.

1. Illustrate the situation in a graph below. What is Y0 and P0?
2. Suppose Hippoland experiences an adverse short-run aggregate supply in 2020. The Central Bank does not engage in expansionary policy nor is there an increase in government expenditures or a cut in taxes. What happens to the short-run macroeconomic equilibrium? Illustrate what happens in the graph from part a. What is Y1 and P1?
3. Explain what happens to GDP, unemployment, and the price level compared with 2019.
4. Assuming there are no policy changes or expected policy changes in 2021. Explain what happens to GDP, unemployment, and the price level? Show the effect graphically? What is Y2 and P2?

2. Assume that Hippoland is in Long-run Equilibrium in in 2019.

1. Illustrate the situation in a graph below. What is Y0 and P0?
2. Suppose that firms and workers in Hippoland expect oil and commodity prices are to fall in 2020. What happens to the short-run macroeconomic equilibrium? The Central Bank does not engage in expansionary policy nor is there an increase in government expenditures or a cut in taxes. Illustrate what happens in the graph from part a. What is Y1 and P1?
3. Explain what happened to GDP, unemployment, and the price level in 2020 compared with 2019.
4. Assuming there are no policy changes or expected policy changes in 2021. Explain what happens to GDP, unemployment, and the price level? Show the effect graphically? What is Y2 and P2?

3. What are the four functions of money? Provide examples of money. Are there things which can be considered money, if they do not fulfill all four functions? Give examples.

SELECT THE RIGHT ANSWER :

QUES :

The patient underwent a surgical debridement during the day shift to remove a large amount of nonviable tissue from a complex abdominal wound. The nurse caring for the patient on the evening shift notices that the patient is tachycardic and febrile. Which action is the most appropriate nursing intervention?

Select one:

a. Notify the practitioner and express concern regarding infection.

b. Encourage the patient to take deep breaths to reduce anxiety.

c. Medicate the patient for pain and anxiety.

d. Document the finding as an expected outcome.

QUES :

The practitioner performed conservative sharp debridement at the bedside and removed a layer of eschar. There are orders for daily dressing changes using an enzymatic debriding agent. When assessing the periwound skin, the nurse notices tissue maceration. Which action should the nurse take?

Select one:

a. Wrap the area with a protective pad to maintain moisture in the dressing.

b. Increase the frequency of dressing changes.

c. Apply a barrier film to the periwound and request twice-daily dressing changes.

d. Reinforce the secondary dressing with more gauze.

QUES :

During an assessment, the nurse notices that the patient’s abdominal wound contains a small to moderate amount of loosely adherent yellow slough. If the practitioner decides to treat the wound using autolytic debridement, the nurse would expect an order for which step?

Select one:

a. Moisture-retentive dressing such as foam

b. Preparation for surgical intervention

c. Larval therapy every few days

d. Moist-to-dry dressing changes twice a day

Calculating the Direct Materials Price Variance and the Direct Materials Usage Variance

Guillermo's Oil and Lube Company is a service company that offers oil changes and lubrication for automobiles and light trucks. On average, Guillermo has found that a typical oil change takes 23 minutes and 6.8 quarts of oil are used. In June, Guillermo's Oil and Lube had 920 oil changes.

Guillermo's Oil and Lube Company provided the following information for the production of oil changes during the month of June:

Actual number of oil changes performed: 920
Actual number of quarts of oil used: 5,420 quarts
Actual price paid per quart of oil: $5.20
Standard price per quart of oil: $5.15

Required:

1. Calculate the direct materials price variance (MPV) and the direct materials usage variance (MUV) for June using the formula approach. If required, round your answers to the nearest cent.

2. Calculate the total direct materials variance for oil for June. If required, round your answer to the nearest cent.

$ - Select your answer -FavorableUnfavorableItem 6

3. What if the actual number of quarts of oil purchased in June had been 5,330 quarts, and the materials price variance was calculated at the time of purchase? If required, round your answers to the nearest cent.

What would be the materials price variance (MPV)?

$ - Select your answer -FavorableUnfavorableItem 8

What would be the materials usage variance (MUV)?

$ - Select your answer -FavorableUnfavorable

Management Style, Applied

You recently completely overhauled several aspects of employee benefits, including health insurance and compensation packages. You have also developed clear succession plans and career development plans to assist in the retention of your current employees. You are pretty excited about the changes and feel they are better for the employees, while costing your organization less money. These plans came from your development of a strategic plan and goals set last year. You think these plans will result in lower turnover.

However, in four recent exit interviews, the former employees mentioned the lack of communication from your department on the changes you made. They said they did not feel well informed and are disappointed they were not notified. In addition, they complained of micromanagement on the part of two particular managers. They said they spend half of their day responding to their managers with project updates, instead of working on the projects themselves. As you begin to think about these exit interviews, you realize that development of the strategic plan and implementing it simply isn’t enough; you must communicate the changes to employees as well. You also have a bit of concern about the management styles mentioned and think it might be a good time to offer training on effective management to your entire company.

QUESTIONS;

1. Using concepts from this chapter and other HRM chapters, develop an outline for a training program on effective management.

2. Discuss some of the ways you can communicate the following topics to the employees: changes to benefits, training opportunities, compensation plans, and succession plans.

Management Style, Applied

You recently completely overhauled several aspects of employee benefits, including health insurance and compensation packages. You have also developed clear succession plans and career development plans to assist in the retention of your current employees. You are pretty excited about the changes and feel they are better for the employees, while costing your organization less money. These plans came from your development of a strategic plan and goals set last year. You think these plans will result in lower turnover.

However, in four recent exit interviews, the former employees mentioned the lack of communication from your department on the changes you made. They said they did not feel well informed and are disappointed they were not notified. In addition, they complained of micromanagement on the part of two particular managers. They said they spend half of their day responding to their managers with project updates, instead of working on the projects themselves. As you begin to think about these exit interviews, you realize that development of the strategic plan and implementing it simply isn’t enough; you must communicate the changes to employees as well. You also have a bit of concern about the management styles mentioned and think it might be a good time to offer training on effective management to your entire company.

QUESTIONS;

1. Using concepts from this chapter and other HRM chapters, develop an outline for a training program on effective management.

2. Discuss some of the ways you can communicate the following topics to the employees: changes to benefits, training opportunities, compensation plans, and succession plans.

On June 1, our company purchases $10 million book value of corporate bonds that we classify as available-for-sale (AFS). We intend to sell these securities on September 30 to meet planned funding needs. Since an increase in interest rates will cause the fair value of the securities to decrease, we decide to hedge against the risk of loss in the fair value of the debt securities that would result if the interest rates were to rise. As a result, we sell September Treasury note futures contracts on June 1 in the amount of the debt securities. We have determined that the hedging relationship between the futures contracts and the debt securities is highly effective (both at the inception of the relationship and on an ongoing basis) in achieving offsetting changes in the fair value that are due to changes in the benchmark interest rate. Accordingly, this transaction is designated as a fair value hedge. Interest rates rise as we had predicted, and the prices of the corporate bonds (the hedged item) and the futures contracts (the hedging instrument), and the resulting gains and losses, are as follows:

Date............................................Securities Loss............Futures..............Gain Net

August ...................................... $(100,000)....................$75,000.............$(25,000)

September ................................... (50,000)......................50,000....................0

We sell the debt securities on September 30 at their fair value of $9,850,000.

Prepare the journal entries to record the following:

a. Purchase of the debt securities and futures contracts on June 1

b. Accrue changes in fair value of AFS debt securities and futures contract in August

c. Accrue changes in fair value of AFS debt securities and futures contract in September

d. Record sale of securities in September

Exercise 16-44 Comprehensive Cost Variance Analysis (LO 16-5, 6)

NSF Lube is a fast-growing chain of oil-change stores. The following data are available for last year’s services:

NSF Lube performed 467,700 oil changes last year. It had budgeted 435,000 oil changes, averaging 8 minutes each.

Standard variable labor and support costs per oil change were as follows:

Direct oil specialist services: 8 minutes at $30 per hour $ 4.00

Variable support staff and overhead: 10.5 minutes at $20 per hour 3.5

Fixed overhead costs: Annual budget $1,039,000

Fixed overhead is applied at the rate of $3.90 per oil change.

Actual oil change costs:

Direct oil specialist services: 467,700 changes averaging 11 minutes at $34 per hour $ 2,915,330

Variable support staff and overhead: 0.22 labor-hours at $15 per hour × 467,700 changes 1,543,410

Fixed overhead 1,425,000

a. Prepare a cost variance analysis for each variable cost for last year.

b. Prepare a fixed overhead cost variance analysis

I know the answer for b is:

Price Variance: $386,000 U

Production Volume Variance: $785,030 F

Fixed Overhead Cost Variance: $399,030 F

......But I can't figure out A: how to get the Price Variance, Efficiency Variance or the total variance for both the oil specialist and the variable overhead.

Any help would be appreciated.

Assume the firm has a tax rate of 21 percent.

c-1. Calculate return on equity (ROE) under each of the three economic scenarios before any debt is issued.

c-2. Calculate the percentage changes in ROE when the economy expands or enters a recession.

c-3. Calculate the return on equity (ROE) under each of the three economic scenarios assuming the firm goes through with the recapitalization.

c-4. Given the recapitalization, calculate the percentage changes in ROE when the economy expands or enters a recession.

The 8-year-old girl who was naughty.

8-year-old girl brought to her pediatrician by her 26-year-old mother • Chief complaint: fever and sore throat Psychiatric History • While evaluating the patient for an upper respiratory infection, the pediatrician asks if school is going well • The patient responds “yes” but in the background the mother shakes her head “no” • The mother states that her daughter is negative and defi ant at home and she has similar reports, mostly of disobedience, from her teacher at school • The patient has had temper tantrums since age 5 but these have decreased over the past 3 years, especially the past year • Still angry and resentful since her little sister was born 6 years ago • Academic problems • Fights with other children, mostly arguments and harsh words with other girls at school Social and Personal History • Goes to public school • Has a younger sister age 6 • Does not see her father much, lives in a nearby city • Not many friends • Spends most of her time with her sister and either her mother or her maternal grandmother who helps with after school supervision and baby sitting

• List three questions you might ask the patient if he or she were in your office. Provide a rationale for why you might ask these questions.
• Identify people in the patient’s life you would need to speak to or get feedback from to further assess the patient’s situation. Include specific questions you might ask these people and why.
• Explain what physical exams and diagnostic tests would be appropriate for the patient and how the results would be used.
• List three differential diagnoses for the patient. Identify the one that you think is most likely and explain why.
• List two pharmacologic agents and their dosing that would be appropriate for the patient’s ADHD therapy based on pharmacokinetics and pharmacodynamics. From a mechanism of action perspective, provide a rationale for why you might choose one agent over the other.
• If your assigned case includes “check points” (i.e., follow-up data at week 4, 8, 12, etc.), indicate any therapeutic changes that you might make based on the data provided.
• Explain “lessons learned” from this case study, including how you might apply this case to your own practice when providing care to patients with similar clinical presentations.