As a technical sales engineer, Avery is responsible for selling her company’s integrated circuit test systems. Each of these systems costs approximately one million dollars and Avery’s sales goals are to sell at least ten of these systems per revenue quarter.

These sales expectations are in place because Avery’s company is trying to go public (IPO). In order to do so, they must be profitable for five quarters in a row. Therefore, there is enormous pressure from the company’s investors and board to meet the assigned sales goals.

As the end of the fifth quarter approaches, Avery realizes she is one sale short of reaching her goal. When she approaches her manager to let him know that she will not be meeting her goals, he explains to her a way to get around the problem. He tells her that when he was a sales engineer, he would approach customers who he knew would soon be purchasing a system. He would get the customer to place the order and receive a price discount if they come to the factory, be shown an empty shell of a system that was not yet built, and sign paperwork documenting their acceptance of the unbuilt system as if it was already built. That way the order could count as part of this quarter’s profits, but the customer would not have to pay for the order until the next quarter.

Avery’s manager explains that when he was a salesperson the practice was a common way of meeting sales goals. Additionally, he suggests to Avery that he would look the other way if she were to falsify a customer acceptance report and reminds her that the company will only be able to go public if she meets her sales goal. If she fails to meet her goal, the IPO will be postponed at least a year and so will her IPO profits and the profits of all the other employees and shareholders.

a.       List the main reasons Avery has for going along with her manager and the reasons why she should not.

b. You now need to determine what Avery should do and to justify your judgement. To justify your judgement provide a principle that will make the reasons you side with (from a) more important than the reasons for Avery not doing what you think she she do.

c. Now justify your principle -- Why non-selfish reasons does anyone have for accepting this principle?

Write a program in JAVA

"When a share of common stock of some company is sold, the capital gain(or,sometimes, loss) is the difference between the share’s selling price and the price originally paid to buy it. This rule is easy to understand for a single share, but if we sell multiple shares of stock bought over a long period of time, then we must identify the shares actually being sold. A standard accounting principle for identifying which shares of a stock were sold in such a case is to use a FIFOprotocol—the shares sold are the ones that have been held the longest (indeed,this is the default method built into several personal finance software packages).For example, suppose we buy 100 shares at $20 each on day 1, 20 shares at $24on day 2, 200 shares at $36 on day 3, and then sell 150 shares on day 4 at $30each. Then applying the FIFO protocol means that of the 150 shares sold, 100were bought on day 1, 20 were bought on day 2, and 30 were bought on day3. The capital gain in this case would therefore be 100·10+20·6+30·(−6),or $940. Write a program that takes as input a sequence of transactions of the form “buy x share(s) at $y each” or “sell x share(s) at $y each,” assuming that the transactions occur on consecutive days and the values x and y are integers. Given this input sequence, the output should be the total capital gain(or loss) for the entire sequence, using the FIFO protocol to identify shares."

Your program should prompt the user to input a single string that represents a sequence of transactions. Use semicolon (‘;’) to separate the transactions in your input string. For example, your program should support the following input string:

“buy 100 share(s) at $20 each;buy 20 share(s) at $24 each;buy 200 share(s) at $36 each;sell 150 share(s) at $30 each;buy 50 share(s) at $25 each;sell 200 share(s) at $35 each;”

The output of your program should be the total capital gain (or loss) for the entire sequence, using the FIFO protocol as explained in P-6.36. For instance, the output for the example input should be: 1070

• Consider using built-in Java classes, e.g., classes that implement the interface java.util.Queue

1. The relationship between Laptop and Screen can best be categorized as
   1. Inheritance
   2. Association
   3. Ownership
   4. Private

2. What is the purpose of information hiding in object-oriented programming?
   1. To protect the values of variables from being changed inappropriately
   2. To free other programmers from having to know too many details of the inner workings of the class.
   3. To protect people’s personal information from hackers?
   4. All of the above
   5. Just choices a and b

3. The relationship between Bayonet and Weapon could best be described as
   1. Inheritance
   2. Association
   3. Ownership
   4. Private

4. Which of the following is not true of the relationship composition?
   1. The owner is responsible for creating and destroying the object it owns
   2. Other objects of the owner type can own the very same object.
   3. It involves exclusive ownership, meaning that no other object could own the owned object.
   4. It, like aggregation, is a form of ownership.

5. In the relationship between Hammer and Tool, which is the superclass and which is the subclass?

6. Which of the following is a false statement?
   1. A class is like a blueprint, and an object is something built according to that blueprint.
   2. A class can contain data members and methods.
   3. A class can contain objects as data members within it.
   4. Usually, only one object can be built for any given class.

7. Which of the following is false about an abstract class?
   1. It contains one or more abstract functions.
   2. You cannot create an object of an abstract class.
   3. It cannot have any non-abstract functions.
   4. It is the most generic version of a family of related types of things.

8. Why is polymorphism powerful?
   1. It enables us to refer to related objects generally but still access specific functionality for each object.
   2. It enables us to build more complicated objects starting from simpler ones.
   3. It helps us protect data from being inadvertently changed.
   4. It helps us build objects that contain other objects.

9. Why do we write public get and set functions?
   1. Object-oriented languages require us to do so.
   2. If we didn’t, there would be no way to read or write the values of the data members of a class.
   3. In combination with making data private, these public functions give us a way to read and write the values of these variables in a controlled way.
   4. They make a program run more efficiently.

10. Draw a UML diagram for the following system: A cell phone is a type of computing device. It has a screen, usb jack, power button, and wake button. Include data members and methods for the classes you define, and show the appropriate relationships

So Bob and Terry are friends who grew up in California. There is a free ticket to Coachella near Indio being offered by a radio station. Both friends call in separately and the radio station tell them that they won it. A Coachella ticket can cost anywhere from $600 for GA ( general admission) all the way to $2000 for VIP per person. Getting one of those tickets is quite expensive! So Bob and Terry both go down to the radio station to pick up their ticket and do not tell the other person, all because there is only one ticket. What a surprise when they both show up at the radio station expecting to get their ticket and neither person told the other of what was going on. Both people are perplexed at this issue and go to the radio station for them to settle the issue. The station said that they made a mistake and only had room in their budget for one ticket. Bob says, "Terry, you are a good friend. You go ahead and enjoy the concert." Terry takes the ticket and says "Thank you!" So now Terry takes the ticket and goes to Coachella. Upon entering the stage area, a biker with very large spikes walks through the crowd. He trips over Terry and then punches him right in the mouth, saying "move!".Terrys gets mad, calls him an SOB and hits him back causing a scar on Biker's cheek. Terry had a cracked jaw because of the encounter and sues Biker for assault and battery. Biker countersues Terry for defamation.

Questions:

1. Did Biker commit an intentional tort against Terry. If so, which one?

2. Did Terry commit an intentional tort against Biker? If so, which one?

3. Are there any defenses against these torts that would vitiate the conduct described in this story?

4. Who is going to win this case?

RESPOND TO THE FOLLOWING EITHER AGREEING DISAGREEING OR ADDING ADDITIONAL KNOWLEDGE.

Open market operations or OMOs are the purchase and sale of securities in the open market by a central bank. This is one of the three main policy tools that the federal reserve uses for monetary policy. Monetary policy "refers to the actions undertaken by a central bank to influence the availability and cost of money and credit to help promote national economic goals." In the original text, it discusses how the near-zero target range for the federal funds rate has changed the way OMOs are used. The federal reserve expanded their holdings of longer-term securities in order to put downward pressure on long term interest rates. This was done to support economic activity and to foster an environment that would lead to job creation through more accommodative financial conditions.

To put the idea of open market operations into easier to understand terms you could say that the central bank is able to increase the money supply and lower market interest rates by purchasing securities using newly created money. On the other hand, the central bank can always sell securities from the balance sheet to take money out of circulation and raise interest rates. The two goals set the fed have when either selling or buying securities are thus, expansionary and contractionary. When the fed is trying to expand it wants to pour money into the banks which then pressures the banks to lend more money to consumers. This creates competition between the banks and subsequently lowers the rates. When the fed is trying to contract is does the opposite and this raises the interest rates and lowers consumer spending.  

Open market operations have long been one of the strongest tools in the box for the fed and understanding how they work will give you a better sense of the banking environment.

Appendix F:  Willow Wade Information

For your sixth client, your boss wants you to prepare Form 1040, Schedule C, and SE for Willow Wade.

Facts:

Willow Wade is a successful, 30-year old attorney.   She has a law office near the circuit court building on Smith Court and a home office. The home office is one of the bedrooms in her 4-bedroom home in Aiea, HI.   She is on the cash method.  

Prepare Form 1040, Schedule C, and SE for her self-employment taxes.

Which statement is true?

Select one:

a. To have economic growth, we must have zero unemployment.

b. On the production possibilities frontier, unemployment is zero percent.

c. To get out of a recession, we must move to some point closer to the production possibilities frontier.

d. On the production possibilities frontier, 85 percent of the labor force is employed.

Which of the following is true?

Select one:

a. Keynes suggested that savers save and investors invest for different reasons.

b. According to Keynes, an equilibrium below full employment was a rare occurrence.

c. To fight a depression, Keynes said that the government should spend money on carefully chosen projects.

d. Keynes believed the economy was basically stable.

Which is the most accurate statement?

Select one:

a. Our trade problems with Japan and China are very similar.

b. Our trade deficits with Japan and China account for almost our entire trade deficit.

c. If Japan and China traded fairly, our trade deficits with those two countries would disappear.

d. Japanese markets have been at least somewhat closed to imports.

Which statement is true?

Select one:

a. X_n had been positive from 1900 until the 1970s.

b. X_n has always been negative.

c. X_n has always been positive.

d. X_n had been negative from 1900 until the 1970s.

Which of the following statements is FALSE?

Select one:

a. Until the early 1980s Americans were investing much more in foreign countries than foreigners were in the U.S.

b. Our capital and current accounts add up to zero.

c. None of these is false.

d. Foreigners have reinvested most of the dollars they have earned trading with us in U.S. government and corporate securities, real estate, and direct investment in plant and equipment.

Which of the following statements is true?

Select one:

a. Virtually all of the poor receive food stamps, but not public assistance.

b. Virtually all of the poor receive public assistance and food stamps.

c. None of these is true.

d. Virtually all of the poor receive public assistance, but not food stamps.

Which of the following is true?

Select one:

a. Southern manufacturers benefited from high protective tariffs of the 19th century that kept out cheaper Japanese manufactured goods.

b. The completion of the transcontinental railroad system in the 1880s eventually made the U.S. the world's first mass market.

c. Agricultural inventions such as John Deere's steel plows did little to improve farm productivity.

d. The canal system linking east-coast rivers with the Great Lakes in the 1820s created an "American economy" rather than just a series of regional economies located in one country.

Which of the following statements is true?

Select one:

a. Every nation should try to be completely self-sufficient.

b. The basis for international trade is specialization.

c. International trade lowers our standard of living.

d. Importing consumer products increases our prices.

Which statement is true?

Select one:

a. Most taxpayers pay more in payroll tax than in personal income tax.

b. A person earning $100,000 pays $10,000 in payroll tax.

c. The Medicare tax rate is 6.2 percent.

d. There is no such thing as a regressive tax.

Which statement is true?

Select one:

a. To have economic growth, we must have zero unemployment.

b. On the production possibilities frontier, unemployment is zero percent.

c. To get out of a recession, we must move to some point closer to the production possibilities frontier.

d. On the production possibilities frontier, 85 percent of the labor force is employed.

Blades, Inc. Case Decisions to Use International Financial Markets As a financial analyst for Blades, Inc., you are reasonably satisfied with Blades’ current setup of exporting “Speedos” (roller blades) to Thailand. Due to the unique arrangement with Blades’ primary customer in Thailand, forecasting the revenue to be generated there is a relatively easy task. Specifically, your customer has agreed to purchase 180,000 pairs of Speedos annually, for a period of 3 years, at a price of THB4,594 per pair. The current direct quotation of the dollar-baht exchange rate is $.024. The cost of goods sold incurred in Thailand (due to imports of the rubber and plastic components from Thailand) runs at approximately THB2,871 per pair of Speedos, but Blades currently only imports materials sufficient to manufacture about 72,000 pairs of Speedos. Blades’ primary reasons for using a Thai supplier are the high quality of the components and the low cost, which has been facilitated by a continuing depreciation of the Thai baht against the U.S. dollar. If the dollar cost of buying components becomes more expensive in Thailand than in the United States, Blades is contemplating providing its U.S. supplier with the additional business. Your plan is quite simple; Blades is currently using its Thai-denominated revenues to cover the cost of goods sold incurred there. During the last year, excess revenue was converted to U.S. dollars at the prevailing exchange rate. Although your cost of goods sold is not fixed contractually as the Thai revenues are, you expect them to remain relatively constant in the near future. Consequently, the baht-denominated cash inflows are fairly predictable each year because the Thai customer has committed to the purchase of 180,000 pairs of Speedos at a fixed price. The excess dollar revenue resulting from the conversion of baht is used either to support the U.S. production of Speedos if needed or to invest in the United States. Specifically, the revenues are used to cover cost of goods sold in the U.S. manufacturing plant, located in Omaha, Nebraska. Ben Holt, Blades’ CFO, notices that Thailand’s interest rates are approximately 15 percent (versus 8 percent in the United States). You interpret the high interest rates in Thailand as an indication of the uncertainty resulting from Thailand’s unstable economy. Holt asks you to assess the feasibility of investing Blades’ excess funds from Thailand operations in Thailand at an interest rate of 15 percent. After you express your opposition to his plan, Holt asks you to detail the reasons in a detailed report.

1.)Construct a spreadsheet to compare the cash flows resulting from two plans. Under the first plan, net baht-denominated cash flows (received today) will be invested in Thailand at 15 percent for a 1-year period, after which the baht will be converted to dollars. The expected spot rate for the baht in 1 year is about $.022 (Ben Holt’s plan). Under the second plan, net baht-denominated cash flows are converted to dollars immediately and invested in the United States for 1 year at 8 percent. For this question, assume that all baht-denominated cash flows are due today. Does Holt’s plan seem superior in terms of dollar cash flows available after 1 year? Compare the choice of investing the funds versus using the funds to provide needed financing to the firm.

17. At issue, coupon bonds typically sell ________.

A) above par value

B) below par

C) at or near par value

D) at a value unrelated to par

E) none of the above

18. Accrued interest

A) is quoted in the bond price in the financial press.

B) must be paid by the buyer of the bond and remitted to the seller of the bond.

C) must be paid to the broker for the inconvenience of selling bonds between maturity dates.

D) A and B. E) A and C.

19. The invoice price of a bond that a buyer would pay is equal to

A) the asked price plus accrued interest.

B) the asked price less accrued interest.

C) the bid price plus accrued interest.

D) the bid price less accrued interest.

E) the bid price.

20. An 8% coupon U. S. Treasury note pays interest on May 30 and November 30 and is traded for settlement on August 15. The accrued interest on the $100,000 face value of this note is _________.

A) $491.80

B) $800.00

C) $983.61

D) $1,661.20

Sam is 25 years old, in good health and was just married to his college sweetheart. he recently began a job with a salary of $60,000. he signed up for term life insurance with his employer for 2 times his salary. Lilly is also employed and makes $40,000 per year. They have no debt or assets but want to buy a house in the near future. Lilly has an $80,000 term life insurance policy that is paid by her employer. what life insurance policy would you recommend for Sam?

A. whole life insurance policy with face value of $120,000. the annual premium for the policy is $1,200.

B. He doesn’t need any additional life insurance since he has a term policy with his work, and they don't have any assets.

C. Purchase a $1,000,000 30-year level term insurance policy. the annual premium for this policy is $1,200.

D. Purchase a $2,000,000 whole life insurance policy. the monthly premium for this policy is $1,800.