2. Identify the level of measurement for the following variables from the 2010 General Social Survey data:

a. Sex, b. Race, c. Highest educational degree earned,d. Hours worked per week, and e. Age at first marriage

-Some companies use labor cost to apply factory overhead to jobs. Identify another factor (or base) a company might reasonable use to apply overhead costs.

-Assume that Apple produces a batch of 1,000 iPhones. Does it account for this as 1,000 individual jobs or as a job lot? Explain (consider costs and benefits).

a. A relatively rare transition of the hydrogen atom emits a radio photon with with ? = 21 cm. This emission line is extremely important to astronomers for two main reasons: it cuts through most gas and dust without being absorbed and, although transition is rare, there is so much hydrogen in space that the 21 cm photons are themselves quite common. Suppose that one such photon from a distant galaxy is measured to have a wavelength of just 11 cm. How fast is that galaxy receding from us?

b. Assuming that the speed you found in problem a is enitrely due to cosmic expansion, how far away is the galaxy from us?

1A)

Exhibit 8-1 Quantity and total revenue data for a firm

Exhibit 8-1 indicates that this firm is operating in which type of market structure?

1B)

Suppose a company increases production from a point where marginal cost equals average total cost to a point where marginal revenue and marginal cost are equal. Is it a good idea for the company to do this? Why?

QS 3-5 Prepaid (deferred) expenses adjustments LO P1 In its first year of operations, Roma Company reports the following: Earned revenues of $45,000 ($37,000 cash received from customers). Incurred expenses of $25,500 ($20,250 cash paid toward them). Prepaid $6,750 cash for costs that will not be expensed until next year. Compute the company’s first-year net income under both the cash basis and the accrual basis of accounting.

a. prepaid insurance. The prepaid insurance account has 4700 debit balance to start the year. A review of insurance policies and payments shows that 900 of unexpired insurance remains at year end

b. prepaid insurance. The prepaid insurance account has 5890 debit balance at the start of the year. A review of insurance policies and payments shows 1040 of insurance has expired by year-end

c. Prepaid rent.On september 1 of the current year, the company prepaid 24000 for two years of rent for facilities being occupied that day. The company debited prepaid rent and credited cash for 24000

An insurance company reported the following balance sheet at year end for 2009 (all amounts are in millions of dollars)

Assets

Investments $1500

Insurance assets 300

Total 1800

Liabilities and equity

Insurance claims 700

Unearned premiums 140

Long-term debt 150

Equity 810

Total 1800

Investments are available-for-sale securities marked to market.

The company reported the following income statement for 2010

Premium revenue 365

Investment income 60

Realized gains on investments 80

Total revenue 505

Insurance losses and expenses 405

Net income 100

In addition, the company reported $65 million in unrealized losses on investments as part of other comprehensive income in its equity statement

Ignore taxes in answering the following question:

1. What was the rate of return earned on investments for 2010?
2. Calculate net operating assets in the insurance underwriting part of the business at the end of 2009.
3. Calculate both the earnings and residual earnings from the insurance underwriting part of the business for 2010. Use a required return rate of 9% for this calculation

1. Which of the following results in a decrease in the investment account when applying the equity method?

a. Net income of the investor

b. Net income of the investee

c. Unrealized gain on intercompany inventory transfers for the current year

d. Dividends paid by the investor

e. Purchase of additional common stock by the investor during the current year

2. Which of the following is a characteristic of a business combination that should be accounted for as a purchase?

a. The combination must involve the exchange of equity securities only.

b The acquired subsidiary must be smaller in size than the acquiring parent.

c The two companies may be about the same size, and it is difficult to determine the acquired company and the acquiring company.

d The transaction may be considered to be the uniting of the ownership interests of the companies involved.

e The transaction clearly establishes an acquisition price for the company being acquired.

3. Under the partial equity method, the parent recognizes income when

a dividends are received from the investee.

b dividends are declared by the investee.

c it is earned by the subsidiary.

d the related contract is signed by the subsidiary.

e the related expense has been incurred.

You are caring for a 59-year-old African American male who is a non-smoker and a non-drinker. The individual has a healthy weight for his height. On weekends, he coaches a youth baseball team in his community and enjoys eating hot dogs and nachos with the children after games. He has been monitoring his blood pressure at the community center and noted that the highest reading was 168/92 mm Hg. He is pleased with this number, as the results were "lower than previous readings." However, his healthcare provider is still concerned. She informed him about the dietary choices he was making and reminded him to limit his sodium intake. She also renewed the individual's prescription for a thiazide diuretic and added an ACE inhibitor to his treatment regime.

Please answer the following prompts in your analysis of the case:

Speculate how the individual's ethnicity contributes to his hypertension. Discuss other determinants of health that contribute to the prevalence of hypertensive disease in this population.

Discuss the significance of an elevated systolic pressure, even in the absence of diastolic hypertension, detailing the pathophysiology behind elevation in blood pressure and the ultimate development of hypertension.

Identify if this individual is at risk for developing heart failure. If so, what type of heart failure would he be most at risk of developing?

Briefly discuss the mechanism of action of the two classes of drugs this individual was prescribed for the management of his hypertension.

The chapter describes many companies’ individual marketing efforts that customize products for individual customers, such as M&Ms, PUMA, and Harley-Davidson. Find and describe another example and discuss whether the cost of customizing is worth the value provided to consumers.

Individual Stakeholders Report

Letter to Shareholders Assignment Details

This is an individual assignment.

Assume you are the CEO of the organization established in your simulation team (i.e. Andrews, Baldwin, etc.).

Your responsibility now is to construct the Annual Letter to Shareholders for this organization. For the annual report, include information regarding the changes from round 6 into round 7 that provides stockholders with the most up to date results and identifies projected decisions and desired outcomes expected by implementing your decisions.

Professionalism is critical when preparing the letter. Be sure that you utilize the key concepts from the text that apply to all areas of this letter.

Your letter must include the following:

Section 1 – Review the past

• Detail your overall competitive strategy; i.e. cost leadership, focus, differentiation, or a combination of any of the competitive strategies and why it was selected.
• Data and analysis regarding highpoints from the previous year and decisions that lead to this success.
• Data and analysis regarding the biggest challenges and the decisions that led to poor performance. Be sure to describe why it happened and what areas of the business were impacted. Include what you see as two or three key lessons learned.
• Note: this section should be approximately 40% of the actual letter’s content

Section 2 – Future Vision

• Based on your results, construct new strategies for the upcoming year to maximize organizational strengths and overcome weaknesses in results by completing a detailed SWOT matrix along with an analysis of its content. The explanation should include how you believe this new strategy will impact / address the problem areas and which areas of the business will ultimately be effected.
• Evaluate and describe any current or potential ethical, legal or sustainable business practices within the business or the industry identified in an environmental scan and VRIO analysis that need to be addressed in the upcoming year and the tactics you have developed to overcome these challenges.
• Note: this section should be approximately 50% of the actual letter’s content

Section 3 – Leadership Conclusion

• Complete the Shareholder Letter with a description of your leadership style/philosophy and why they should continue to invest in you and the firm.
• Note: this section should be approximately 10% of the actual letter’s content

The letter should be between 9-12 double spaced pages written in business format. Graphs and charts can be embedded into the document. First person is acceptable.

Be certain that conclusions are supported by data and that this is a professionally written document.