A hardware company sells a lot of low-cost, high- volume products. For one such product, it is equally likely that annual unit sales will be low or high. If sales are low (60,000), the company can sell the product for $10 per unit. If sales are high (100,000), a competitor will enter and the company will be able to sell the product for only $8 per unit. The variable cost per unit has a 25% chance of being $6, a 50% chance of being $7.50, and a 25% chance of being $9. Annual fixed costs are $30,000.

1. Use simulation to estimate the company’s expected annual profit. To do this set up your spreadsheet so that all the calculations for a replication are in one row as shown below (for example):

Use rand() to generate values for all the uncertain quantities in this situation. Once you have done all 100 replications, freeze your spreadsheet by doing Copy/Paste (Values) on the cells with the uncertain quantities – otherwise any cell that depends on rand() will keep changing.

2. What is the average annual profit? What is the standard deviation of profit?
3. Construct a frequency histogram for profit. Comment on this histogram. Your chart should be clear to anyone who reads it.
4. Now suppose that annual unit sales, variable cost, and unit price are equal to their respective expected values—that is, there is no uncertainty. Determine the company’s annual profit for this scenario.
5. Can you conclude from the results in parts (b) and (d) that the expected profit from a simulation is equal to the profit from the scenario where each input assumes its expected value? Explain.

Highland, Lowland and Midland are three countries in a continent. The countries engage heavily in trade with each other and have almost identical facilities provided to consumers by both the private sector and public sector. In 2005, Highland had a Nominal bill of its Economy which amounted to 750 million Krona out of which 89% are from traded goods, Midland had a Nominal bill that amounted to 1.4 trillion Dinar out of which 78% are from traded goods and Lowland had a Nominal bill which amounted to 300 million Rand out of which 100% is from traded goods. The following information is given:

E (KRONA|DINAR) = 0.7

E (DINAR|RAND) = 0.495

E (RAND|US DOLLAR) = 1.2

All the above rates are official exchange rates.

Globally, the living standards of all the countries are measured against the living standards in the United States. In order to see that, the BIG MAC Index is used to determine how much the MAC would cost in each of these countries in USD. In Highland, a MAC approximately costs 2 Krona, in Midland, a MAC costs twice as much as in Highlands, In Lowland, a MAC costs around 1.2 Rand and In US, the MAC costs around $6.32.

1. Calculate the Exchange rate of all the currencies per US Dollar at the official rates.
2. Calculate the Nominal GDP and PPP GDP of Highland, Midland and Lowland in US Dollars.
3. What can you conclude from your answers in part B.?
4. In 2006, Highland and Midland jointly invaded Lowland and took over the country. If Highland took 60% of the Nominal GDP and Midland took 40% of the Nominal GDP. What are the percentage increases in their PPP GDP? (Assume all the exchange rates are unchanged)

1. Which of the following statements about the doctor-patient relationship is incorrect?

1. Physicians are guided entirely by a desire to maximize patient welfare and never consider personal financial gain.
2. It creates physician-induced demand.
3. It is a classic case of the principal agent problem.
4. Physicians have the power to generate significant health benefits, but are also sometimes responsible for great losses.
5. It is driven by differential information and trust.

2. Price elasticity of demand for medical care measures the:

1. value society places upon good health.
2. ratio of the percentage change in quantity demanded of medical care and the percentage change in the price.
3. change in price resulting from a given change in quantity.
4. fact that consumers have a greater need for medical care than any other goods or services in society.
5. the extent of physician-induced demand in the U.S. health care system.

3. Data from the Rand Health Insurance Experiment indicated that:

1. price has no impact on the utilization of health care.
2. increased price is related to increased use of health care.
3. increased price is related to decreased use of health care.
4. increased price first increases, then decreases use of health care.
5. None of the above.

All Code should be written in C:

1. Write a C program which prompts the user to enter two integer values. Your program should then print out all numbers between 1 and 1000 that are divisible by both of those numbers.

2. Modify your program from question 1 such that the first 1000 numbers that are divisible by both numbers are printed out, instead of numbers up to 1000.

3. Using dynamic memory, allocate memory for an array of 100 floating point numbers. Fill this array with random numbers between 0 and 1, and print them to the screen. HINT: Use RAND_MAX, which represents the largest possible value returned by the rand() function.

4. Modify question 3 such that the program writes the values to a file called "floats.txt" in text format, one per line, instead of to the screen

A 26 year old newly wed bride complains of burning micturition (urination) on her honeymoon. She has Supra-Pubic tenderness (pain in her Pelvis). Her UA demonstrates:

(+) Leukocyte Esterase

Urine Culture: Staphylococus saprophyticus (bacteria)

Group of answer choices

A. Bacteremia

B. Cystitis

C. Hydronephrosis

D. Pyelonephritis

Ten members of a wedding party are lining up in a row for a photograph. (a) How many ways are there to line up the ten people if the bride must be next to the maid of honor and the groom must be next to the best man? (b) The photographer wants pictures of all possible groups of 4. How many pictures must the photographer take? (c) The photographer now wants to select 3 of the men (of which there are 6) and 3 of the women (of which there are 4) to be in a picture. How many possible ways could this be accomplished? (d) Now 22 people are present for the pictures. 5 are family members for the groom (FG), 2 are family members for the bride (FB), 4 are groomsmen (GM), 4 are bridesmaids (BM), and 5 are friends (F). Finally, there are the (B)ride and (G)room. The photographer is trying to determine how many ways to arrange them based only on their relationship to the wedding couple and not based on their individual identities. Help the photographer determine how many arrangements exist.

Rand Medical manufactures lithotripters. Lithotripsy uses shock waves instead of surgery to eliminate kidney stones. Physicians’ Leasing purchased a lithotripter from Rand for $2,020,000 and leased it to Mid-South Urologists Group, Inc., on January 1, 2018. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
   

Required:
1. How should this lease be classified by Mid-South Urologists Group and by Physicians' Leasing?
2. Prepare appropriate entries for both Mid-South Urologists Group and Physicians' Leasing from the beginning of the lease through the second rental payment on April 1, 2018. Adjusting entries are recorded at the end of each fiscal year (December 31).
3. Assume Mid-South Urologists Group leased the lithotripter directly from the manufacturer, Rand Medical, which produced the machine at a cost of $1.7 million. Prepare appropriate entries for Rand Medical from the beginning of the lease through the second lease payment on April 1, 2018.

How should this lease be classified by Mid-South Urologists Group and by Physicians' Leasing?

.Leasee. Prepare appropriate entries for both Mid-South Urologists Group and Physicians' Leasing from the beginning of the lease through the second rental payment on April 1, 2018. Adjusting entries are recorded at the end of each fiscal year (December 31). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars and not in the millions of dollars. Round your answers to nearest whole dollars.)

Record lease.

Record cash payment..

Record cash payment?.

Lessor. Prepare appropriate entries for both Mid-South Urologists Group and Physicians' Leasing from the beginning of the lease through the second rental payment on April 1, 2018. Adjusting entries are recorded at the end of each fiscal year (December 31). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars and not in the millions of dollars. Round your answers to nearest whole dollars.)

Record lease.

Record cash payment..

Record cash payment?.

?Required. Assume Mid-South Urologists Group leased the lithotripter directly from the manufacturer, Rand Medical, which produced the machine at a cost of $1.7 million. Prepare appropriate entries for Rand Medical from the beginning of the lease through the second lease payment on April 1, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars and not in the millions of dollars. Round your answers to nearest whole dollars.).

.

Suppose a first degree price discriminating monopolist has an inverse demand curve of P=100-2Q and a marginal cost curve of MC=10+4Q. Assume fixed costs are zero. What is the firm's maximum profit?