Consider the effects of inflation in an economy composed of only two people: Rajiv, a bean farmer, and Simone, a rice farmer. Rajiv and Simone both always consume equal amounts of rice and beans. In 2016 the price of beans was $5, and the price of rice was $3.

Suppose that in 2017 the price of beans was $10 and the price of rice was $6.

Inflation was ________%

.

Indicate whether Rajiv and Simone were better off, worse off, or unaffected by the changes in prices.

Now suppose that in 2017 the price of beans was $7.50 and the price of rice was $6.

In this case, inflation was __________%

.

Indicate whether Rajiv and Simone were better off, worse off, or unaffected by the changes in prices.

Now suppose that in 2017, the price of beans was $1.50 and the price of rice was $6.

In this case, inflation was ___________%

.

Indicate whether Rajiv and Simone were better off, worse off, or unaffected by the changes in prices.

What matters more to Rajiv and Simone?

The overall inflation rate OR The relative price of rice and beans

Consider the effects of inflation in an economy composed of only two people: Jake, a bean farmer, and Latasha, a rice farmer. Jake and Latasha both always consume equal amounts of rice and beans. In 2016 the price of beans was $5, and the price of rice was $3.

Suppose that in 2017 the price of beans was $10 and the price of rice was $6.

Inflation was ____________%.

Indicate whether Jake and Latasha were better off, worse off, or unaffected by the changes in prices.

Now suppose that in 2017 the price of beans was $7.50 and the price of rice was $6.

In this case, inflation was ___________%.

Indicate whether Jake and Latasha were better off, worse off, or unaffected by the changes in prices.

Now suppose that in 2017, the price of beans was $1.50 and the price of rice was $6.

In this case, inflation was_______%.

Indicate whether Jake and Latasha were better off, worse off, or unaffected by the changes in prices.

What matters more to Jake and Latasha?

a. The relative price of rice and beans

b. The overall inflation rate

The weak form of the efficient-market hypothesis asserts that

A. stock prices do not rapidly adjust to new information contained in past prices or past data.
B. future changes in stock prices cannot be predicted from past prices.
C. technicians cannot expect to outperform the market.
D. stock prices do not rapidly adjust to new information contained in past prices or past data, and
future changes in stock prices cannot be predicted from past prices.
E. future changes in stock prices cannot be predicted from past prices, and technicians cannot
expect to outperform the market.

Select the correct option and explain.

In an efficient market,
A. security prices react quickly to new information.
B. security prices are seldom far above or below their justified levels.
C. security analysis will not enable investors to realize superior returns consistently.
D. one cannot make money.
E. security prices react quickly to new information, security prices are seldom far above or below
their justified levels, and security analysis will not enable investors to realize superior returns
consistently.

Select the correct option and explain.

PC.52 At the start of the semester Custom Kicks personnel were struggling to quickly customize their shoe inserts to their customers' feet. This hurt sales as customers became frustrated during the customization process and would hesitate to refer friends.

During week three of running the business, it took an average employee about 25 minutes to customize one pair of inserts. Recognizing this challenge, management and key employees analyzed the customization process and made some time-saving changes. Two weeks later, after training all employees on the new process, an average employee could customize a pair of inserts in about 18 minutes.

In this case, what is the output that should be used for productivity calculations?

After making the time-saving changes mentioned above, how many pair of inserts could an average employee complete in one hour? (Display your answer to two decimal places.)

After making the time-saving changes mentioned above, by what percentage did Custom Kicks' productivity increase? (Write your answer as a percentage, and display your answer to two decimal places.)
   %

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Case Study Charlie is a 3-year-old at a community preschool facility. The staff reported he tends to put everything in his mouth and is frequently found eating dirt. A home visit by a school staff member to discuss the problems with his parents revealed a generally clean environment in a very old home that was being renovated. Recently Charlie has been falling well behind in academic skills compared to other children in his class; his linear growth has slowed, and he is tired and irritable. His physician noted pallor and what look like “pencil lines” on the gums adjacent to the teeth. He ordered blood tests that revealed a low hemoglobin level and an elevated lead level. Discussion Questions Based on the patient history, the signs/symptoms, and lab test results, discuss the probable environmental factors responsible for Charlie’s ingestion of lead. (See: Heavy Metals—Lead) Discuss the other toxic effects of lead poisoning that Charlie may experience if the situation is not addressed. Discuss other possible sources in children’s environments that have been identified as containing lead.

Refer to the article “Control of Cardiovascular Risk Factors in Patients With Diabetes and Hypertension at Urban Academic Medical Centers” (http://care.diabetesjournals.org/content/25/4/718.long)

a) Construct a 4x2 contingency table that illustrates the relationship between the following two variables: Hospital at which the patient was seen, and whether or not the patient had LDL £ 100 mg/dl. Use the Hospital names as the row headings and whether or not the patient had LDL £ 100 mg/dl as the column headings. Include the overall total as well as row and column totals. Use your table to answer the questions in parts b – e. (Note: Be careful when filling in your table - not all patients have data for these variables. When answering the questions below, use totals from your table.)

b) What percentage of all patients had LDL > 100 mg/dl?

c) What percentage of the patients at VAMC Brooklyn had LDL > 100 mg/dl?

d) What percentage of the patients at VAMC Detroit had LDL > 100 mg/dl?

e) What percentage of the patients having LDL £ 100 were seen at SUNY Brooklyn?

You are a recent accounting graduate and have been employed in the Financial Reporting Unit of Myer Holdings Ltd, an ASX listed firm. Preparations are underway for the completion of the general purpose financial report for the year ended 29 July 2018 and you have been asked by the Chief Financial Officer to identify any major accounting issues which will need to be considered. Your attention is drawn to a media release by ASIC on 31 May 2018 (ASIC Media Release 17‐162) and this identifies areas of concern where attention will be directed in the ASIC surveillance program. Not surprisingly given a recent academic paper1 ‘impairment of assets’ receives specific mention.

Required:

You are required to prepare a report for the CFO considering whether impairment of assets is an issue requiring address for the firm.

The report should, with reference to AASB 136:

a) With reference to Myer outline what evidence is there that impairment testing of assets is necessary;

b) With reference to Myer outline the processes required to be addressed in determining any asset impairments that might be necessary

c) With reference to Myer outline the information needed in determining asset impairments

d) Evaluate the flexibility management has available in the determination of asset impairments.

Students in a representative sample of 65 first-year students selected from a large university in England participated in a study of academic procrastination. Each student in the sample completed the Tuckman Procrastination Scale, which measures procrastination tendencies. Scores on this scale can range from 16 to 64, with scores over 40 indicating higher levels of procrastination. For the 65 first-year students in this study, the mean score on the procrastination scale was 36.9 and the standard deviation was 6.46. (a) Construct a 95% confidence interval estimate of μ, the mean procrastination scale for first-year students at this college. (Round your answers to three decimal places.) , (b) Based on your interval, is 40 a plausible value for the population mean score? Yes No What does this imply about the population of first-year students? This implies that students at this university never have high levels of procrastination. This implies that on average, students at this university do not have high levels of procrastination. This implies that students at this university sometimes have high levels of procrastination. This implies that on average, students at this university do have high levels of procrastination. This implies that students at this university always have high levels of procrastination.

Let's take a moment to make some connections in the material we have been exploring for the last several weeks.

First, examine the decision-making model introduced on page 148 of our textbook. As mentioned in our textbook, this model reflects the "five steps necessary to make an informed and desirable decision" (Sukiennik & Raufman, 2016,p. 148). The first step is to define a goal.

Return to this discussion to share one clearly defined personal goal along with specific objectives to help you achieve it, as illustrated on page 152 of the textbook. As you work on your goal, review the decision-making styles on page 144 of the textbook and discuss if you anticipate any of these to impede your progress.

Are you not sure where to start? Perhaps you want to address a time or stress management challenge identified earlier in the course that you have not yet overcome, or you can work on how you manage your financial resources as discussed on pages 154-157.

To wrap up your discussion post, how is the goal you define for yourself going to help your academic or professional success?