Economics is the study of how societies, governments, businesses, households, and individuals allocate their scarce resources. Our discipline has two important features. First, we develop conceptual models of behavior to predict responses to changes in policy and market conditions. Second, we use rigorous statistical analysis to investigate these changes.

To understand better the economy, choose any economic article from an online business sourcesuch as newspaper, magazine, TV, and so on. Read the article very carefully and write a summary to explain:

Required ( In your own words and - Computerized ( In Word Format)

• What the article is talking about.
• What are the main points that the author discussed?
• Briefly, explain each point discussed.
• Finally, write a paragraph to argue your opinion.

The following information relates to YogaGuru for the year ended 30 June 2020.

Required: Prepare an Income Statement , a fully classified Balance Sheet in narrative format and a Statement of Changes in Equity for the year ended 30 June 2020 for YogaGuru.

Income Statement:

Fully narrative Balance Sheet:

Statement of Changes in Equity

Oriole Willis is the advertising manager for Bargain Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased display space that will add $ 39,000 in fixed costs to the $ 423,000 currently spent. In addition, Oriole is proposing that a 5% price decrease ($ 60 to $ 57) will produce a 20% increase in sales volume ( 20,000 to 24,000). Variable costs will remain at $ 36 per pair of shoes. Management is impressed with Oriole’s ideas but concerned about the effects that these changes will have on the break-even point and the margin of safety.

Prepare a CVP income statement for current operations and after Oriole’s changes are introduced.

sales current new

variable expense

contribution margin

net income

People flourish when they are in a state of optimal well-being or flow. When people find pleasure at work, they inevitably achieve and maintain excellence in their workplace performance. In fact, if you interview peak performers in any field, you will inevitably discover they gain tremendous pleasure from what they do.

What activities are you intrinsically motivated to do that involve using your personal strengths and flow experiences?

How could you change your work place behaviors, interactions and activities so that you engaged in more intrinsically motivated activities that involve using those strengths and flow experiences? Be creative - even small changes can make enormous differences.

What would be the costs and the benefits of making these changes?

three product lines in its retail stores: soccer balls, baseballs, and tennis balls. Results of the fourth quarter are presented below: Soccer Balls Baseballs Tennis Balls Total Units sold 1,000 2,000 2,000 5,000 Revenue $22,000 $40,000 $23,000 $85,000 Variable departmental costs 15,000 22,000 12,000 49,000 Direct fixed costs 1,000 3,000 2,000 6,000 Allocated fixed costs 8,000 8,000 8,000 28,000 Net income (loss) $ (2,000) $ 7,000 $ 1,000 $ 6,000 The allocated fixed costs cannot be avoided. There will be no changes in the demand of individual products caused by changes in other product lines. Instructions What will happen to profits if Holly Sportsballs discontinues the Soccer Balls product line?

The following information relates to YogaGuru for the year ended 30 June 2020.

Required: Prepare an Income Statement , a fully classified Balance Sheet in narrative format and a Statement of Changes in Equity for the year ended 30 June 2020 for YogaGuru.

Income Statement:

Fully narrative Balance Sheet:

Statement of Changes in Equity

1. How is attention related to consciousness? Think about the video with the gorilla - why might we be blind to changes or other things to which we're not paying attention? Think of a time when you or someone around you has been blind to changes in their surroundings - what factors contributed to that change blindness?

2. Pick a theory of dreams explained in this chapter and describe it in your own words

What, after experiencing this chapter, is your own personal theory of dreams? How is it similar or different than the theory you chose to describe?

3. What is the difference between dependence, withdrawal, tolerance, and abuse?

4. Pick a class of drugs and describe their primary effects on consciousness?

What are some of the consequences of dependence and abuse of drugs in this class?

The following functions describe the behavior of major macroeconomic variables in an economy where prices are fixed: C = 400 + 0.9Yd I = 270 – 2000r G = 70 T = -40 + 0.2Y X = 45 IM = 41 + 0.12Y r=3% Y* = 1,725

c. Calculate the cyclical deficit/surplus. d. Suppose the government wants to close the recessionary gap and move us back to Y* using changes in G. Calculate the change in G necessary to close the gap. Is this an increase or decrease in G? e. Suppose instead the Federal Reserve wants to close the recessionary gap and move us back to Y* using changes in the interest rate. Calculate the change in the interest rate that will be necessary to close the gap. Is this an increase or decrease in the interest rate?

Patients with chronic kidney failure may be treated by dialysis, in which a machine removes toxic wastes from the blood, a function normally performed by the kidneys. Kidney failure and dialysis can cause other changes, such as retention of phosphorus, that must be corrected by changes in diet. A study of the nutrition of dialysis patients measured the level of phosphorus in the blood of several patients on six occasions. Here are the data for one patient (in milligrams of phosphorus per deciliter of blood).

The measurements are separated in time and can be considered an SRS of the patient's blood phosphorus level. Assume that this level varies Normally with

σ = 0.8 mg/dl.

(a) Give a 95% confidence interval for the mean blood phosphorus level.