Questions
Consider a small economy composed of six people: Hubert, Kate, Manuel, Poornima, Valerie, and Shen. Each...

Consider a small economy composed of six people: Hubert, Kate, Manuel, Poornima, Valerie, and Shen. Each person's employment status is described in the following table.
Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as employed, unemployed, “not in the labor force” (if not in the civilian labor force but still part of the adult population), or “not in the adult population” if not in the civilian adult population.
PersonStatus
Hubert is a 21-year-old professional tennis player. When he's not competing, he works as a coach at a local tennis club.
Kate is a 42-year-old autoworker who was just laid off by her employer. She is trying to find any kind of job to help make ends meet.
Manuel is a 45-year-old accountant who has been out of work for almost a year. He became so discouraged that he gave up on his job search a couple of months ago.
Valerie is a 29-year-old who lost her job as an associate producer for a radio station. After spending a few weeks out of work and interviewing for several other positions, she gave up on her job search and decided to go back to grad school. She made that decision a few months ago.
Shen is a famous novelist. He is spending the summer at his lake house in upstate New York, doing a little writing each day but mostly spending his time gardening and reading.
Poornima is a 13-year-old student at East Valley Middle School. She babysits her younger brother and does other chores, so her parents give her an allowance of $20 per week.
Complete the right half of the following equation to reflect the labor force participation rate reported by the BLS.
Labor Force Participation RateLabor Force Participation Rate = =   
According to this formula, what is the labor force participation rate of this economy of six people?
33.33%
40%
50%
60%
Complete the right half of the following equation to reflect the unemployment rate reported by the BLS.
Unemployment RateUnemployment Rate = =   
According to this

In: Economics

cenario Part 1 Koorine and Tau are good friends who have known each other since starting...

cenario Part 1 Koorine and Tau are good friends who have known each other since starting high school. Upon finishing school Tau enrolled in a Bachelor of Business (Financial Planning) and Koorine travelled overseas where she studied accountancy and worked for a number of years in an accountancy firm. Tau has also worked since graduation as a financial planner with a local firm. When Koorine returned to Australia and caught up with Tau, they decided to go into business together under the name FinRight. Tau handles the financial services and planning side of the business and Koorine provides the accounting services. They rent premises together and have some administrative assistance. They have never executed any formal agreement but have always shared the profits and losses. It initially cost them $40,000 to set up the business. Tau contributed $25,000 and Koorine contributed $15,000. Business is growing quickly and going really well. In the last financial year, the business made a profit of $220,000. Unfortunately, problems arose when Tau claimed that he was entitled to 70% of the profit because he generated 70% of the revenue, and he argued that his initial contribution was greater. To try to increase her contribution, Koorine decided to purchase expensive computer equipment and software from Computers2U. It cost $10,000. Koorine did not consult with Tau about the purchase and when Tau was presented with the invoice from Computers2U, he refused to authorise payment. Unfortunately, Tau was unfamiliar with the new computer equipment and as a result produced a misleading report. This led to negligent advice being given to a client, KX, who suffered some financial loss as a result. Both KX and Computers2U and have talked of suing FinRight if a resolution is not reached soon. Despite their recent disagreements, Koorine and Tau are determined to work through their differences and make a go of their business, if they are able. They would like your advice. Please advise on the following matters using case law and statute to support your answers:

1. Discuss the various business structures available and advise Tai and Koorine as to what type of business structure they are currently operating.

In: Operations Management

Imagine that you are preparing taxes for a local tax service provider. A married couple named...

Imagine that you are preparing taxes for a local tax service provider. A married couple named Judy and Walter Townson has come to you to seeking assistance with their federal income taxes. During your meeting with the Townsons, you gather the following information:

-they are both 55 years of age
-They have two daughters and one son. One daughter (25) is married with children. One daughter (20) is living at home and attending college. Their son (16) is a junior in high school.
-They are currently paying for their college-student daughter to attend school full time.
- Judy is employed as a teacher and makes $60,000 a year. She used $500 of her personal funds to purchase books and other supplies for her classroom.
-Walter is employed as a CPA and makes $100,000 a year
- They provided you a 1099-INT which reported $4,500 in the interest of which $500 was saving bonds interest
- They offered you a 1099-DV which said $300 in dividends
-They received a state tax refund last year of $385
- They provided you a list of expenses including: doctors bill $800, Prescriptions $400, New glasses $2000, dental bills $560, braces $5000, Property taxes for their two cars of $800, which included $50 in decal fees, real estate taxes $4500, mortgage interest $12000, Gifts to charities $1,000, GoFunMe contribution to local families in need $100, and Taxes preparation fees for last years taxes $400.

Consider the most beneficial way for Judy and Walter to file their federal income tax return. Prepare a brief written summary that addresses the following:

-Estimated taxable income for Judy and Walter (please show compilations)
-Summary of tax return, including andy suggestions or tax planning consideration
- Explain how you determined the filing status, dependents, and use of standard/ itemized deduction

The specific course learning outcomes associated with this assignment are:

1. Review tax authories and sources of tax law
2. Assess the concepts of gross income and strategies to minimize gross income
3. Examine deductions from income, limitations on those deductions, and strategies for maximizing deductions.

In: Accounting

Joe Schultz was a first line supervisor of a group of assembly line workers at Supreme...

Joe Schultz was a first line supervisor of a group of assembly line workers at Supreme Manufacturing, a plastics manufacturing facility. With a high school education, he had been with Supreme in this department, first as an assembly worker, then promoted as a supervisor 5 years ago. His leadership style could be described as "active, controlling and task oriented." He was of the same ethnic background as many of his subordinates (German) and would often 'kid' with them in Germanic slang at the local beer garden on Fridays after work. He was well liked by his subordinates and their work performance was among the best in the company. Joe was recognized as being highly intelligent and mechanically expert. He had taken some evening courses in engineering at the local university over the past 3 years. He had done well, maintaining a B+ average. Recently, with a respectable (although not expert) background in engineering, he was promoted to assistant supervisor in the company's drafting department. Here he had the technical skills necessary to supervise his employees, and the work he supervised was highly programmed, as it was in the assembly department. The workers he supervised were of diverse ethnic background and of mixed gender. Most of them had been in the drafting department for 8-10 years. There was a feeling on the part of some of his new subordinates that one of their own, Bonnie Melville, should have been promoted to the position; but this feeling was not too strong, as certain members of the group disliked Bonnie. Joe continued has basic leadership style (as described above) in his new job, but somehow productivity in the drafting department fell. Numerous antagonisms developed under Joe's leadership and a couple of his better subordinates resigned within a period of three months.

Question: Explain why Joe did so very well in his old department, and encountered these problems in his new job. Incorporate into your response what you have learned about contingency theory and team building. Discuss the Leadership Grid (p.250). Also consider French and Ravens framework of social power (pp. 125-134 + lecture notes week 3) to assess the social power Joe held in his old and his new position. What should Joe do to improve his own performance with respect to his new work team? What, if anything, should Joe's supervisor attempt to do to get the situation back on track?

In: Operations Management

Question 25 page 315 Chapter 13 (Principles of Microeconomics) book Becky and Sarah are sisters who...

Question 25 page 315 Chapter 13 (Principles of Microeconomics) book

Becky and Sarah are sisters who share a room. Their room can easily get messy and their parents are always telling them to tidy it. Here are the costs and benefits to both Becky and Sarah, of taking the time to clean their room. If both Becky and Sarah clean, they each spends two hours and get a clean room. If Becky decides not to clean and Sarah does all the cleaning, then Sarah spends 10 hours cleaning (Becky spends 0) but Sarah is exhausted. The same would occur for Becky if Sarah decided not to clean - Becky spends 10 hours and becomes exhausted. If both girls decide not to clean, they both have a dirty room. a. What is the best outcome for Becky and Sarah? What is the worst outcome? Please construct a game theory based prisoner4's dilemma table. b. What is the expected outcome. Fully explain why. c. How might the assignment of property rights be arranged so that Becky and Sarah are incentivized to achieve a clean room? Yes, you get to play the role of the parent here.

In: Economics

What is the relationship between the price of a bond and its YTM? Explain why some...

  1. What is the relationship between the price of a bond and its YTM?
  1. Explain why some bonds sell at a premium over par value while other bonds sell at a discount. What do you know about the relationship between the coupon rate and the YTM for premium bonds? What about for discount bonds? For bonds selling at par value?
  1. What is the relationship between the current yield and YTM for premium bonds? For discount bonds? For bonds selling at par value?
  1. The Back Street Girls Corporation has two different bonds currently outstanding. Bond M has a face value of GH¢20,000 and matures in 20 years. The bond makes no payments for the first six years, then pays GH¢1,000 every six months over the subsequent eight years, and finally pays GH¢1,750 every six months over the last six years. Bond N also has a face value of GH¢20,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. If the required return on both these bonds is 14 percent compounded semiannually, what is the current price of Bond M? Of Bond N?

In: Finance

40. One of your clients intentionally simulates physical and psychological symptoms such as pains, panic attacks,...

40. One of your clients intentionally simulates physical and psychological symptoms such as pains, panic attacks, etc. (you know that external incentives for the condition like getting disability money are absent). What will be your diagnosis for these symptoms? a. bipolar disorder b. dissociative fugue c. factitious disorder d. pathological lying e. truth-denial disorder 41. Delusions and hallucinations are two different names of the similar psychological experience. a. true b. false 42. Phobias are common in children. a. true b. false 43. Conduct disorder is not diagnosed in girls. a. true b. false 44. Autism is another name for dissociative identity disorder. a. true b. false 45. Key symptoms of conversion disorder include problems with movements. a. true b. false 46. Autism is not being diagnosed in some countries. a. true b. false 47. The term “erotomania” refers to a category of delusions. a. true b. false 48. About 9% of global population is affected by schizophrenia. a. true b. false 49. Schizophrenia is incurable. a. true b. false 50. Paranoid delusions are commonly associated with overwhelming fear. a. true b. false

In: Psychology

To please be done in excel: It is November, 2001. ABC Ltd. is a company listed...

To please be done in excel: It is November, 2001. ABC Ltd. is a company listed on the Stock Exchange. The company was founded in the early 1980’s and management identified a market for small photocopier and fax machines and in later years, tablets. The company has in the past relied on importing equipment from the Far East, but the recent decline in the value of the Peso, combined with increased local competition, has resulted in a significant decrease in the profitability during the past two years. Management is investigating the feasibility of establishing a local manufacturing plant in order to manufacture a new, low cost tablet called “Tab”. This machine would be the only tablet supplied by ABC. It is a small and fairly basic machine, which is designed to serve the lower end of the market. Based on a market survey (which cost $100 000), the probable demand for “Tab” in the first year has been estimated. This is illustrated in Table 1. Table 1: Market Survey of Expected Demand in Year 1 Demand per annum Probability Expected Demand High 10,000 30% Medium 9,400 40% 9400 Low 8,800 30% New plant with a maximum annual capacity of 10 000 units can be purchased for $3.5 million. The plant has an estimated useful life for four years, at the end of which the residual value is expected to be $350 000. Variable production costs are estimated at $1 000 per unit, while additional fixed costs, based on a capacity of 10 000 units and before allowing for depreciation, are expected to amount to $250 per unit. These fixed costs will be avoidable if local manufacture does not take place. The “Tab” would sell for $1 700 each, some $500 less than the selling price of the cheap imported tablets currently sold by ABC. This would mean that the current sales of 7 000 units per annum of the cheap imported machines would cease. The contribution generated by sale of these imported machines amounts to $250 per unit. Existing fixed costs amount to $1,75 million per annum, and will still be incurred if local manufacture takes place. The new plant would be written off over 5 years on a straight-line basis for tax purposes. The corporate tax rate is 30% and ABC uses a discount rate of 18% for all projects of this type. There are no expected changes to the working capital of the business. Question: Show that the project’s expected net incremental cash flows for the first year are equal to $1 316 000.Assuming that all four years have the same net incremental cash flows as calculated, and taking into account any other relevant cash flows, show that the NPV, IRR and Payback Period of the project as a whole are: $274 805.27, 21.8% and 2.66 years respectively.

In: Finance

Vision Resort is a five-star resort and spa founded in 2012. Vision believes in offering authentic services to every customer by fulfilling and catering the needs of their guests efficiently.


Vision Resort is a five-star resort and spa founded in 2012. Vision believes in offering authentic services to every customer by fulfilling and catering the needs of their guests efficiently. Facilities and services include spacious rooms, banquet halls, gardens, restaurants, a wide range of food with delicious cuisines. All its employees are well trained and provide high customer satisfaction.
Vision resort focuses on premium pricing strategy for its products as they cater to high profile business class and upper class of the society. The value provided through the luxurious experience to the customers during their stay in the resort and the first class royal service explains the high prices of the resort packages. However, in light of the current economic condition in the world due to the Coronavirus, the resort is currently trying to provide a combination of high quality and service while also providing fair prices.
Also, Vision resort is the owner and operator of the franchise system. They are present in 20 countries prominent ones being in Bahrain, Oman, Kuwait, and Dubai Chicago, Hong Kong, Manila, Mumbai, San Francisco, and Tokyo. It is noteworthy that the prices of the resort packages differ based on the geographic location. Also, prices fluctuate during different times of the year, as they tend to increase during the weekends and Eid holidays and decrease during the low seasons.
Regarding the promotion strategy, vision resort has built and maintained positive awareness, and brand value by word of mouth. This has been achieved by gaining high customer satisfaction and providing excellent customer relationship management. They reward loyalty to regular clients by their signature membership cards known as Vision Gold Passport accepted globally which fetches them extra discounts and additional perks. Due to the social distancing, vision resort adopted advertising via TV broadcasting. Moreover, digital marketing tools such as instagram sponsorship allowed reaching target customers through a click of a button.
Recently, a new global disease has spread rapidly among people and the resort decided to open its doors to the passengers arriving into the country by air and border crossings and were taken to stay for free in a 14-day coronavirus quarantine. This initiative shows the social responsibility that the resort holds towards the community.

Answer the following questions:
1. What is the major pricing strategy vision resort follows and why?
2. What is the price elasticity of demand for rooms in the resort and why?
3. What is the price adjustment strategy followed by the resort management?
4. Give examples of the promotion mix?
5. The hotel resort management is planning to open a new shop in the resort, a brain storming session was held with the hotel employees where they suggested the following ideas: A coffee shop, diving equipment shop, gifts shop. Explain the process (steps) undertaken by the resort management to introduce a new product.

In: Economics

Merit pay, performance pay, knowledge- and skill-based pay -- they are all making news as alternatives...

Merit pay, performance pay, knowledge- and skill-based pay -- they are all making news as alternatives or supplements to the traditional teacher step system. But what do they mean for teachers? Education World talked with educators and analysts about these three trends in teacher pay. Included: How do these pay-for-performance/skills systems work?
For decades, teachers have climbed, step by step, up the traditional pay ladder, automatically earning salary increases based on their education level and years of service.
Around the nation, most school districts and teachers recognize that traditional pay schedule for what it is -- an imperfect system. Yet, for many years, in community after community, teacher salary talks often ended up focusing on ways to adjust that system. Only in recent years has the salary-talk climate been more conducive to discussions of alternative pay structures, structures that often involve compensating teachers not just for how long they have been teaching, but how well.
The alternate proposals have various names: merit pay, pay for performance, knowledge-and-skill- based pay, or individual or group incentive pay. While a few districts have adopted or piloted one or a combination of some of those alternate pay structures, more states are talking about performance pay than using it.
"There are hundreds of districts working on performance pay plans; many states passed legislation requiring some type of performance pay for teachers, or some portion of teacher pay," said Dr.
Marc J. Wallace Jr., founding partner of the Center for Workforce Effectiveness, which is allied with the Center for Policy Research.
Added Robert Weil, deputy director, education issues, for the American Federation of Teachers (AFT): "Talking about it is easier than doing it. The biggest problem is that people want to get to it next week, and then -- when they can't -- they move on to something else."
A SYSTEM TAKES ROOT
So ingrained is the current pay system in most school districts that talking about change is difficult, and making changes is excruciating. "Pay is a sensitive issue," Wallace said. "You have to get past the political agendas. Because there is a great deal of confusion and fear surrounding it, it is hard even getting a rational discussion going."
The traditional U.S. teachers' pay system dates back to 1921, when it was introduced in school systems in Des Moines, Iowa, and Denver, Colorado, according to Allan Odden, director of the Consortium for Policy Research in Education (CPRE) at the University of Wisconsin, Madison. CPRE has been involved in a teacher compensation project, which is examining how alternative
pay systems could be used to improve classroom focus and practice and the role of compensation in organizational development.
Equalizing salaries in the profession was the motivation for the step system, Odden told Education World. At the time, female teachers made less money than male teachers, minority teachers made less than white teachers, and elementary school teachers made less than high school teachers. Longevity seemed the fairest way to even out the pay scale.
"It was about the same time the private sector moved to seniority-based pay," Odden added. The system also provided incentives for teachers to further their education. Most elementary school teachers had associate degrees; the salary schedule could spur them to get bachelors degrees, and those with bachelors to earn their masters.
Since then, teachers have had no incentives to change the system, Odden said.
"If you plan too aggressively in dealing with current peoples salaries, you can cause difficulties," Eileen Kellor, a research staff member with CPRE, told Education World. "It's hard to get change if you threaten people's pay. Communication has been a really important issue; that is, how you educate people on a new pay system. You have to explain that it is not designed as punitive."
SKEPTICISM, RESISTANCE
Besides coping with resistance from teachers about changing the pay structure, developing and implementing a new system is both time-consuming and expensive for school boards and unions.
"There are more costs associated with performance pay; you have to identify performances, measure those, and it is more complicated," the AFT's Weil said. "You have to ensure teachers it will be fair and objective; you are trying to make it objective with the many different roles teachers play."
Advocates of performance pay often say that implementing it will attract more people to the
teaching profession and make those in the profession work harder, according to Douglas Harris, an economist with the Progressive Policy Institute, who has been studying performance pay for two years.
"The policies vary based on philosophies," Harris told Education World. "Like most reform ideas, I think it depends how you do it. If you tie a lot of it to test scores, it's not viable. It's hard to determine what a teacher contributes to test scores; there are so many other variables involved with students. Because goals for educators are so complicated, it's hard to settle on factors. We're trying to measure teachers' contributions to learning."
At the same time, a salary structure with performance pay could benefit the teaching profession, he said. "I think the idea of changing the system is a good one; low salaries keep people out of the profession. We need a little more financial incentive." Any new system, though, has to be flexible
enough to pay teachers more in high-demand subjects, such as mathematics and science, and in hard-to-staff districts, such as urban areas, Harris added. "But salaries seem to be less of an issue in urban areas than working conditions."
MEASURING THE UNMEASURABLE?
Others in and outside of education argue that any type of system tying salaries to teacher performance or student outcomes is flawed because of a lack of objective observers and objective criteria to evaluate a teacher's performance.
Among the questions under study: Is dynamic pay appropriate in education? If so, where is it appropriate? Kellor said.
"It is not the same as business compensation," added Weil of the AFT.
"Merit pay [for teachers] does not work," said Odden of the CPRE. "Also, in the past, they [the top teachers] have been identified through fuzzy criteria."
Timothy Dedman, policy analyst in the teacher quality department of the National Education Association (NEA), said that unless certain criteria are met, the NEA opposes merit pay. "We're afraid it could be used to discriminate," Dedman said. "Administrators could look at incidents that had nothing to do with performance [in determining salary increases]."
The NEA does support additional compensation for teachers in hard-to-staff districts and those who earn national certification, added Dedman.
Brad Jupp, leader of the Denver Public Schools pay for performance design team, said that its pay system, ProComp, assumes that teacher performance and student outcomes can be evaluated
objectively.
"We believe we can measure student learning with a degree of certainty," Jupp told Education World. "The industry has to accept responsibility for its product
The AFT's Weil said the union is not opposed to alternative pay structures, but certain conditions have to be in place:
 First thing; talk about commitment and make a commitment to a plan.
 Take small enough steps to ensure the plan can move forward.
 Develop a long-term goal.
 Ensure there is ongoing funding for the plan.
 Establish clear standards and objectives for teachers.
 Make sure teachers are familiar with the standards and objectives.
"The best performance plans are standard operating procedure," Weil added.
Discuss the following questions:
1- Ifyouweretomakearecommendationastowhichstrategywouldbethemosteffective, which would you choose? Why? Write a one-page reaction paper discussing your views.
2- Howthecasestudyrevealresistanceandskepticism?Explain

In: Economics