Amaretta Company (a U.S.-based company) ordered merchandise from a foreign supplier on November 20 at a price of 1,070,000 rupees when the spot rate was $0.050 per rupee. Delivery and payment were scheduled for December 20. On November 20, Amaretta acquired a call option on 1,070,000 rupees at a strike price of $0.050, paying a premium of $0.001 per rupee. The company designates the option as a fair value hedge of a foreign currency firm commitment. The fair value of the firm commitment is measured by referring to changes in the spot rate. The option’s time value is excluded from the assessment of hedge effectiveness, and the change in time value is recognized in net income. The merchandise arrives, and Amaretta makes payment according to schedule. Amaretta sells the merchandise by December 31, when it closes its books.

1. Assuming a spot rate of $0.053 per rupee on December 20, prepare all journal entries to account for the foreign currency option, foreign currency firm commitment, and purchase of inventory.

2. Assuming a spot rate of $0.048 per rupee on December 20, prepare all journal entries to account for the foreign currency option, foreign currency firm commitment, and purchase of inventory.

The table below shows the quantity demanded and supplied in the labor market for economics professors at the I'MaState University, where all the professors belong to a union.

Annual Salary

Quantity of workers demanded

Quantity of workers supplied

$50,000

95

20

$60,000

80

30

$70,000

65

40

$80,000

50

50

$90,000

35

60

$100,000

20

70

1. If no union existed, the equilibrium salary for economics professors at I'MaState University, will be .

2. If the union has enough negotiating power to raise the annual salary by $20,000 more than a non-unionized university would be willing to pay, then there will be excess of labor of economics professors at I'MaState University.

3. Economics professors and economic consultants are perfect substitutes. If the union negotiates an annual salary increase for economics professors at I'MaState University that is $20,000 higher than the market wage rate for economic consultants, then the of economic consultants will . This will result in the market wage rate for economic consulting positions to and the quantity of economic consultants employed to

The university would like to conduct a study to estimate the true proportion of all university students who have student loans. According to the study, in a random sample of 215 university students, 86 have student loans.

(a) Construct a 99% confidence interval for estimating the true proportion of all university students who have student loans (2 marks)

(b) Provide an interpretation of the confidence interval in part (a). (1mark)

(c) Conduct an appropriate hypothesis test, at the 1% level of significance to test the claim that more than 30% of all university students have student loans.

1. Provide the hypothesis statement

2. Calculate the test statistic value

3. Determine the probability value

Note: if you need to use symbols , please use

• "u" for population mean "μ",

• Ho and Ha for  for the null and alternate hypothesis,

• "Y-hat" for "ŷ", "alpha" for α

Please provide your answers to the above questions by typing your answers using simple text. You need not show the work in detail.

A university has 7 departments namely, IT, Finance, HR, Management, Faculty, students and R&D. The university also has an ADSL internet connection which is shared for the different departments. It is required that all the departments should have intercommunication via LAN. Each of the department contain 50-200 users. As the case everywhere, the students and the staffs need to have access to Wi-Fi connectivity as well. The university campus contains 3 different buildings located nearby, having 2, 3 and 4 floors each. You are asked to design of a network infrastructure for a university, focusing on the following aspects.  The network architecture model you will be choosing.  The switching and routing requirement  The IP Design schema for the department.  Design with VLAN  The security measures taken for both the wired and wireless network.  The Wi-Fi design as required for the university. The final network infrastructure may be created in packet tracer or any familiar tools available. You may create the model in a word file too, by indicating all the information clearly.

A university has 7 departments namely, IT, Finance, HR, Management, Faculty, students and R&D. The university also has an ADSL internet connection which is shared for the different departments. It is required that all the departments should have intercommunication via LAN. Each of the department contain 50-200 users.

As the case everywhere, the students and the staffs need to have access to Wi-Fi connectivity as well. The university campus contains 3 different buildings located nearby, having 2, 3 and 4 floors each. You are asked to design of a network infrastructure for a university, focusing on the following aspects.

 The network architecture model you will be choosing.

 The switching and routing requirement

 The IP Design schema for the department.

 Design with VLAN

 The security measures taken for both the wired and wireless network.

 The Wi-Fi design as required for the university.

The final network infrastructure may be created in packet tracer or any familiar tools available. You may create the model in a word file too, by indicating all the information clearly.

1

Which of the following forms of IP are specifically limited in how long they are likely to be competitive advantage

trade secrets

patents

trademarks

2

A firm is in an industry that has seen major changes that have led to plummeting profits for the firm. The CEO has decided to make radical change to the firm's strategy and go in an entirely new direction, changing from a differentiator strategy in the industry to a cost leadership strategy that has been successful for several firms during the change. Which is the best response to this proposed strategic change from the CEO?

Do it because there are plenty of examples to imitate and make this strategy successful.

Do not do it because it is unlikely our firm can succeed against established cost leaders.

Do not do it because it is very risky to make any major change.

3

Which of the following is the most important reason a strategic analyst should always do an industry structure analysis when evaluating a single firm’s strategy?

Helps identify all the competitors trying to take profits from the firm.

Helps identify the ways the firm should try to change the industry structure through its strategy.

None of these.

Helps identify if it is impossible for the firm to gain a competitive advantage in the future.

Jimmitz Inc. is a subsidiary of Krocker Gear. Jimmitz sells shoe accessories to Krocker at a 25% markup on cost. Information on these intercompany merchandise transactions is below:

Required

a. Prepare the working paper eliminating entries related to these intercompany transactions at December 31, 2020.

b. Krocker sold shoes containing Jimmitz’s shoe accessories during 2020.

What amount did Krocker and Jimmitz record as cost of goods sold for the shoe accessories in 2020?

$Answer

What amount should appear in consolidated cost of goods sold for these shoe accessories?

$Answer

Show how the eliminating entries in part a adjust Krocker’s cost of goods sold balance to the correct consolidated balance.

1. On January 2, 2020, Murphy Company purchased land that cost $410,000, a building on the land that cost $1,450,000, and equipment that cost $70,000. The building has an estimated useful life of 29 years. The equipment has an estimated useful life of 7 years.

Required: Prepare the property, plant, and equipment section of the balance sheet as of December 31, 2020. Note: Use straight-line depreciation with no salvage value. Murphy Company Balance Sheet (partial) December 31 Property, Plant, and Equipment Buildings Accumulated Depreciation, Buildings Total Property, Plant, and Equipment

2. On December 31, Perez Company has earned interest revenue of $2,200 on outstanding notes, even though the company will not actually receive the interest until the following year.

Required:
Journalize the adjusting entry on December 31.

3. On January 1, Williams Company purchased a large piece of equipment for $46,200. It has an estimated useful life of 7 years.

Required:
Journalize the adjusting entry on December 31.

Note: Use straight-line depreciation with no salvage value.

Respond to the following:

Acquired immune responses are capable of controlling an infection, however, the acquired immune response is controlled itself through different mechanisms. It is primarily activated by a threshold level of antigen that is produced through the defensive action of the innate immune system. Pathogens and antigens interact and cause dendritic cells to activate to become antigen-presenting cells. Then, the antigens are transported to the lymphoid organs by the antigen-presenting cells. After several days, antigen-specific T cells and B cells locate the foreign antigen, and ultimately differentiate into armed effector cells. These cells either leave the lymphoid organ to go to the sites of infection or stay within the organ to promote humoral immunity. The path the effector cells take is dependent on the differentiation of CD4 T cells. There are two different subsets of CD4 T cells, Th1 and Th2. The function of Th1 is to activate macrophages, while Th2 works to activate B cells, especially during the primary response. Both of these CD4 T cell subset are capable of regulating each other, which is essential done by the cytokines of each respective T cell type. Ultimately, the effector cells remove the pathogens to control the infection (1). Once an infection is effectively under control, it is critical to remove the effector cells to allow for the restoration of the tissue. The immune system has mechanisms in which it is capable of removing these cells. When effector cells are no longer needed, they undergo apoptosis. The function of effector cells is to remove the stimulus that activated them, but when that stimulus is gone, the effector cells no longer have anything to remove except for themselves, which occurs through apoptosis. Apoptosis causes cells to die, and they are subsequently removed through macrophages. They are capable of identifying the dying cells through the composition of their membrane, specifically the lipid phosphatidylserine. In a normal cell, the lipid is found on the inner portion of the plasma membrane. However, when a cell undergoes apoptosis, it redistributes to the outer surface which allows for easy recognition by phagocytes. While some effector cells are removed, some are retained to allow for formation of memory T-cell and B-cells (1). The acquired protective immune response is critical in providing protection against pathogens. It is acquired through effector T cells or antibodies that are generated when exposed to the pathogen, as described above. This can be done by initial infection or through vaccination that allows for immunological memory. The specific pathogen involved influences the type of effector T cell or antibody that provides protection. For example, the polio inactivated vaccine utilizes preexisting antibodies (IgA) to neutralize the virus and prevent its spread of infection (1). These antibodies are known as IgA, and are produced within the gut mucosa. In order to activate the mucosal immune response, antigens are transported across the epithelium through the use of microfold (M cells). They are then presented to effector B lymphocytes that result in stimulated B cells to migrate to distant mucosal cites. This ultimately leads to the production of IgA that neutralizes the antigen. The neutralization of these substances prevents it from binding to receptors within the tissue. Therefore, the neutralized antibody-antigen complex formed is ultimately removed and destroyed by macrophages (2).

1. On the other hand, the General Motors went on a different direction. General Motors was founded in 1908 and one hundred years old company.  Following the financial crisis in 2008/2009, General Motors filed for chapter 11 bankruptcy protection.  After support from the US government and restructuring, the business operation was able to re-enter the market.  In your ECON 200 class you learnt the conditions at which the firms enter and exit from the market.  Using a graph describes how and when in a perfectly competitive market the firms that are experiencing economic losses close the operation and reenter to the market. In the graph you may use costs and revenue curves.  (25 Points)