Citrus Girl Company (CGC) purchases quality citrus produce from local growers and sells the produce via the Internet across the United States. To keep costs down, CGC maintains a warehouse, but no showroom or retail sales outlets. CGC has the following information for the second quarter of the year:

1. Expected monthly sales for April, May, June, and July are $260,000, $230,000, $350,000, and $130,000, respectively.
2. Cost of goods sold is 30 percent of expected sales.
3. CGC’s desired ending inventory is 40 percent of the following month’s cost of goods sold.
4. Monthly operating expenses are estimated to be:

• Salaries: $34,000
• Delivery expense: 8 percent of monthly sales
• Rent expense on the warehouse: $6,500
• Utilities: $1,300
• Insurance: $240
• Other expenses: $340

Required:

1. Compute the budgeted cost of purchases for each month in the second quarter.

2. Complete the budgeted income statement for each month in the second quarter.

The foreclosure crisis has been particularly devastating in housing markets in much of the south and west United States, but even when analysis is restricted to relatively strong housing markets the numbers are staggering. For example, in 2017 an average of three residential properties were auctioned off each weekday in the city of New York, up from an average of one per week in 2011. Use Excel functions to compute the probabilities. Write the Excel function to the solution.

1. What is the probability that exactly four foreclosure auctions occurred on a randomly selected weekday of 2017 in New York?
2. What is the probability that at least one foreclosure auction occurred in New York on a randomly selected weekday of 2017?
3. What is the probability that no more than two foreclosure auctions occurred on a randomly selected weekday of 2017 in New York?
4. What is the probability that exactly 10 foreclosure auctions occurred during a randomly selected five-day week in 2017 in New York?

1. Using the information in the table below, calculate the Index of Segregation by occupation. Interpret the index number that you calculated and provide an explanation of it's meaning.

**Note: All numbers are in thousands**

2. Carefully explain the two broad potential causes for the extent of gender segregation in the United States: "Rational Choice" and "Discrimination"

3. Explain how occupational segregation based on employer preference and crowding could cause a gender wage differential to emerge. Explain how this gender wage differential differs from one that results because of different preferences by gender(over job safety, or hours, or schedule) and the resulting compensating differentials.

The index of industrial production (IPt) is a monthly time series that measures the quantity of industrial commodities produced in a given month. This problem uses data on this index for the United States. All regressions are estimated over the sample period 1960:1 through2000:12 (that is, January 1960 through December 2000). Let , Yt=1200xln(IPt/IPt-1), which gives the monthly percentage change in the industrial production index measured in percentage points at an annual rate. Suppose that a forecaster estimates the following AR(4) model for Yt :

.Yt=1.377 + .318Yt-1 + .123Yt-2 + .068Yt-3 + .001Yt-4

Use this AR(4) model to forecast the value of  in January 2001 using the following values of Yt for August 2000 through December 2000:

Discussion:

1. Drones are not only used in foreign combat zones. They are also being used domestically by law enforcement agencies, for example, in the surveillance of criminals under a legally obtained warrant. But the possibility exists of monitoring areas in which there is no suspicion of crime but where the government wishes to obtain information. (Forest fires is a noncontroversial use, as is use on the border to monitor the movement of illegal drugs.) Drones can be equipped with either lethal or nonlethal weapons such as rubber bullets and tear gas. Technological advances have created miniature drones that can be carried in a backpack, zoom lenses, see-through imaging, and night vision capabilities. Then decide whether you support the domestic use of drones and explain your position.

2. There are more than four hundred pet cemeteries in the United States. People often spend hundreds of dollars to bury their dogs, cats, birds, goldfish, and hamsters. Is this practice morally acceptable?

Suppose a study reports that the average price for a gallon of self-serve regular unleaded gasoline is $3.76. You believe that the figure is higher in your area of the country. You decide to test this claim for your part of the United States by randomly calling gasoline stations. Your random survey of 25 stations produces the following prices.

Assume gasoline prices for a region are normally distributed. Do the data you obtained provide enough evidence to reject the claim? Use a 1% level of significance. (Round the intermediate values to 2 decimal places. Round your answer to 2 decimal places.)

Discuss the pros and cons of using GDP to measure well-being.

According to the concepts in this module, GDP measures a nation’s productivity, or “its ability to produce goods and services” (Chapter 1, Section 1-3a). “A country’s standard of living depends on” (Chapter 1, Section 1-3a, ) this productivity, implying that happiness and well-being also depend on productivity.

To complete the Discussion activity, write a post that answers the following questions:

• View a video about measuring gross national happiness:
• Write a discussion post that answers the following questions:
  • Does the GDP really measure happiness? Why or why not?
  • What elements of happiness do wealth and productivity miss? What elements of happiness do they measure?
  • What is the HDI indicator? What do you think this indicator would say about the United States’ well-being? Explain.
• Post your response to the discussion board.
• Cite all sources used.

Long-Term Care Reimbursement The federal and state governments are the largest payers of health care services in the United States. The largest federal programs are the Medicare and Medicaid services. Using the information from the textbooks, lectures, and Internet resources, provide a brief summary of Medicare and Medicaid services in a Microsoft Word document. To get up-to-date information on the programs, review the information shared on the following websites: The Centers for Medicare and Medicaid Services The Social Security Administration In your summary, include the following points: An overview of the different Medicare and Medicaid services The population covered under Medicare and Medicaid services The services of long-term care covered under Medicare and Medicaid, including the restrictions placed on them

REFERENCE:

Title:Long-Term Care: Managing Across the Continuum
Author: John Pratt
Edition/Year: 4th Ed./2016
Publisher: Jones & Bartlett
ISBN: 978-1-284-05459-0

a. What assumptions are made to justify the shape of the short-run aggregate supply curve; i.e., that it is horizontal at a given price level?

b. What assumptions are made to justify the shape of the long-run aggregate supply curve; i.e., that it is vertical at a full-employment level of output?

c. Recently, oil prices have been declining in the U.S. Oil prices hovered around $100 per barrel during much of 2013 and 2014. During 2015 until the present day, oil prices have hovered closer to $50 per barrel. All else equal (ignoring many other changes in the U.S. economy), how should the lower oil prices, around $50 per barrel compared with around $100 per barrel, affect the price level, unemployment, and real income in the United States? Explain using a diagram, and consider only short-run aggregate supply, and not the long-run aggregate supply.

Who Pays, who Provides and who Measures US Healthcare?

The costs of healthcare are higher in the United States compared to any other developed country in the world, but this does not equate to best health status for our populations (OECD, 2018).

1. Who pays for US Healthcare?
2. Who provides US Healthcare Services?
3. Who measures healthcare service results (quality of life years (QALY) disability of life years (DALY)?

Please cite all resources used to obtain your answers.

Resources:

CDC. (2018). Health People 2020. https://www.cdc.gov/nchs/healthy_people/hp2020.htm

CMS. (2018). CMS Innovations. https://innovation.cms.gov/

NACCHO. (2018) Directory of Public Health Services. https://www.naccho.org/membership/lhd-directory

OECD. (2018). Health at a Glance (2017). http://www.oecd.org/health/health-systems/health-at-a-glance-19991312.htm