. Suppose the scores on a chemistry test were normally distributed with a mean of 78 and a standard deviation of 10. If a student who completed the test is chosen at random,

1. Find the probability that the student earned fewer than 75 points.
2. Find the probability that the student earned at least 70 points.
3. Find the probability that the student earned between 80 and 90 points.
4. Find the probability that the student earned either less than 80 points or more than 90 points.

For a I know you do 75-78/10=-.8 but I dont know how someone goes from P(x<75)=0.382 How do get the .382? Please show work I'd much appreciate it

12E.The body temperatures of adults are normally distributed with a mean of 98.60 and a standard deviation of 0.73. What temperature represents the 85^th percentile

Halo University is a private faith-based university with less than 10,000 undergraduate and graduate students. The largest sources of revenue are tuition and donations. In the past ten years, the football team has been wildly successful in a Division I conference. Led by Coach Joe Smith, the team played in bowl games all ten years and finished seven seasons in the top 25 in the AP Poll. University fans are wild with enthusiasm. Game are sold out and university colors are seen everywhere. Most importantly, enrollment and donations have increased by 5% each year for the past 10 years. Although Coach Smith receives a $4.5 million a year salary, university administrators agree he is worth every penny. They are not worried about the current $15 million buyout agreement; they want him to stay as long as possible! Joe Smith grew up in the city where Halo is located. He played high school football before becoming a student and player at Halo. After college, Joe played professional football for three years. An injury sidelined him from the game, so Joe decided to coach. Joe served as an assistant coach for another university for four years until his alma mater offered him the Head Coach position. He has been loved by the university community. Everyone knew that he would do an excellent job.

On July 5, the president of the university received a phone call from the state police department. Coach Smith’s home was robbed in the middle of the night. Coach Smith was fine but sent to the hospital for observation. The president immediately went to talk to Coach. Coach Smith assured the president that he was fine and was thankful that no one else was at home at the time of the home invasion. Coach’s wife and three children were on vacation that week. The next day, the president and the coach held a press conference to assure everyone that the Coach suffered only minor scrapes and bruises and that no one else was home at the time of the robbery.

On July 10, television reporters announced that Coach Smith was in fact not home alone at the time of the invasion. A woman named Kaitlyn Anderson was there with him. She hid in the closet during the robbery. She left the home prior to Coach Smith calling the police in an attempt to stay out of the press. Although she did not incur any physical injuries, she was experiencing severe emotional distress from the robbery. The reporters also revealed that the coach and Kaitlyn were having an affair for over two years. A former graduate assistant in the Halo athletic office, Kaitlyn recently completed her Master of Accountancy degree, passed the CPA , and is interviewing for a jobs at public accounting firms. The university formed an Ad Hoc Disciplinary Committee to address the issue. Members of the committee included the university president, the vice president of accounting and finance (who is a CPA), the human resource director, marketing and communications director, athletic director, and legal counsel.

1. What are the relevant facts of the case? Be sure to identify the problem.

          Halo is a small university (with 10,000 undergraduate and graduate student)

2. Governmental entities and not-for-profit organizations have their own Codes of Professional Conduct and/or Codes of Ethical Conduct, many of which can be viewed online. Select an actual faith-based private university and examine its Code of Conduct. Assume that Halo University has a code of conduct similar to the one you selected.

a. What parts of the code should the Ad Hoc Committee consider when making its decision about the ethical issue? (Identify the university your chose for your code of conduct in your answer and provide a link to the code.)

b. Does the Vice President of Accounting and Finance have additional professional obligations due to his CPA designation and position at the university? If so, what are the additional obligations? (Do CPAs have their own code of conduct?) c. What personal obligations, if any, should the committee members consider?

3. Who are the affected parties (stakeholders)? Be sure your answer includes any relevant stakeholders who are not specifically mentioned in the case.

4. What are the potential options and courses of action the ad hoc committee might pursue? List the potential ethical and/or practical ramifications for each option. In your answer, consider the points of view of the stakeholders you identified.

5. What do you think should be done in this situation?

Accounting Questions

1. What set of generally accepted accounting principles does Halo University likely follow? What are the potential financial effects of this situation and of the possible courses of action?

2. Budgeting and control are essential to not-for-profit organizations.

a. What are the key purposes of operating budgets?

b. How do operating budgets of non-governmental not-for-profit entities differ from budgets of for-profit entities? from governmental entities?

c. In this case, how might the present situation and different courses of action affect the present and future operating budgets?

Professional Development Questions

1. Kaitlyn has passed the CPA and will apply to be a CPA when she completes one year of work. What effects, if any, do you think the enormous media coverage of this situation will have on

a. Kaitlyn’s job prospects?

b. Kaitlyn’s likelihood of becoming a CPA? (Could she be denied a license because of her actions related to this case?)

2. Is media, including social media, a concern for all individuals who are interviewing? Explain. What actions should students take concerning their social media prior to a professional job search?

In the US, the Federal Trade Commission (FTC) is tasked with collecting information from consumers and passing on this information to other administrative bodies and policy makers.While the FTC cannot resolve individual complaints, it aggregates this information and passes it on to relevant agencies so that other agencies and policy makers can formulate laws and regulations.

You went to a used car dealer and purchased a used car (“as-is”) without a warranty contract. Let’s say that you cut them a check for $2500 and drove it off the lot. Within 20 minutes of driving it, the car’s engine dies. You take it to your mechanic, who tells you that the timing belt failed and the engine seized as a result. You now need a brand new engine (worth over $3000)

How might you act to resolve this issue? Are there any laws or regulations that could protect your rights in this situation? Are there any governmental bodies that might help you with this situation? Are there any state or federal governmental representatives that might help you in this situation or even prevent such situations from happening to someone else in the future?

President Store Corporate operated around 300 Starbucks coffee outlets in Taiwan under a joint venture arrangement in 2013. It also ran over 2,000 of its own City Cafe outlets across Taiwan. Both enjoyed good market share and there appeared to be little cannibalization. What could be the reason for this in the competitive coffee landscape in Taiwan?

STARBUCKS Starbucks was founded in the U.S. in 1971 and its main product was Arabica coffee beans. In 1987, Howard Schultz took over Starbucks and introduced the roasting technologies and ambience of the Italian cafe. By May 2014, Starbucks had over 23,180 stores worldwide in 64 countries. Starbucks outlets primarily sell coffee, but also offer other hot and cold beverages, pastries, sandwiches, and snacks. Starbucks introduced low calorie coffee in 2008 and instant coffee in 2009. In 2010, Starbucks started selling beer and wine in some outlets in the U.S. In 2011, Starbucks introduced the Trenta, a 31-ounce cup of coffee. Starbucks ventured into the juice bar business in 2013. In January 1, 1988, the President Starbucks Coffee Corporation in Taiwan was officially founded as a joint venture between Starbucks Coffee International, Uni-President Enterprise Corporation, and the President Chain Store Corporation. Many people have suggested that Starbucks, as an international brand, has basically transplanted the American coffee culture into Taiwan. The concept appears to be good quality coffee at high prices to be enjoyed in a leisurely manner with friends. Coffee on offer includes cafe latte, vanilla latte, hazelnut latte, caramel macchiato, cafe mocha, and cappuccino with a price range of NT$75 (US$2.46) to NT$155 (US$5.08). However, subtle differences can be observed. The pastry cases look similar but their contents are different and include offerings such as curry chicken cannoli. There are numerous tea options including rose fancy tea, green tea, jinxuan oolong, bi luo chun, and oriental beauty (the latter three are specialty Taiwanese teas). By 2013, Starbucks had almost 300 outlets. Over the past three years, Starbucks in Taiwan has opened 20 to 30 new stores each year, and all stores have achieved their revenue targets and contributed to 10 percent sales growth over the last few years. A research study has concluded that Western culture adoration was an important dimension in coffee consumption for Taiwanese customers at Starbucks. Overall, Starbucks engages in experiential marketing, with the consumer associating the brand 2 with specific smells, tastes, visual elements, and sounds.

CITY CAFE In 1986, the President Chain Store Corporation launched Cafe Americano through its 7-Eleven chain stores. In 2004, the company began to shift from the American style Americano concept to the new 24-hour Italian City Cafe concept without closing the Americano outlets already in the 7-Eleven outlets. By 2005, there were 500 CITY CAFE outlets, 1,000 in 2007, and 2,000 in 2009. Television advertising was used to build brand awareness and image. The theme used was, “The entire city is my coffee shop;” targeted at students and workers aged between 20 and 40. The concept appears to be a local coffee brand offering low priced coffee anytime and anywhere. Coffee on offer includes latte, cappuccino, and City blend, with prices from NT$25 (US$0.82) to NT$45 (US$1.48).

CITY CAFE started a Music Conservatory in the Hankyu Department Store outlet in Taipei where aspiring local singers and performers can showcase their talents. Performers in March 2014 included Taipei Soul Brothers, featuring five musicians from three different generations, and Lin Ling, a local Taiwanese girl who has been performing since the age of five.

The success of the CITY CAFE coffee bar concept has resulted in many convenience chain stores and fast food chain stores near schools, offices, hospitals, subway stations, and train stations duplicating the idea. Examples of concepts by convenience stores include Mr. Brown Coffee of Family Mart and OK Cafe of OK Mart. McDonalds also launched the McCafe.

According to a review, the coffee scene in Taiwan can be categorized accordingly: I. Foreign Cafe Chain This group is currently dominated by Starbucks. They offer mainly espresso coffee at very high prices of NT$90 (US$2.95) to NT$180 (US$5.90).

2. Specialist Cafe This group offers excellent coffee with a large variety of beans. They have varied origins, create their own blends, and roast their own coffee. They sell beans and offer a mix of espresso and brewed coffee. The baristas are experts and know their coffee in a passionate way. Prices of their coffee range from NT$60 (US$1.97) to NT$150 (US$4.92). Examples of such cafes are Orsir and Mojo Coffee in Taichung. 3

3. Specialist Cafe Chain This group offers excellent coffee but with a more limited range. They sell beans and offer mainly espresso, though they do have limited brewed coffee options. They have trained baristas, and the price range is NT$30 (US$0.98) to NT$70 (US$2.30). Examples of such cafes include Wilbeck in Taipei and Cama Cafe across Taiwan.

4. Taiwanese Cafe This group serves a variety of coffee from different regions in Taiwan. The cafes are operated by single owner and they roast in small batches. They are often in business for a long time (over 15 years) and they have a small group of loyal customers. They offer mainly brewed coffee, but they have espresso as well. The price range is from NT$70 (US$2.30) to NT$120 (US$3.93).

5. Taiwanese Cafe Chain This group serves a single unannounced blend of coffee with no other options. They serve mainly espresso though some may offer drip or brewed coffee. Some baristas may receive training but quality is uneven. The prices range from NT$35 (US$1.15) to NT$75 (US$2.46). Examples are 8S°C and Bakery.

6. Convenience Store Coffee This group offers bean to cup machine coffee. They use cheap Taiwanese roasts of unannounced origin. Prices range from NT$25 (US$0.82) to NT$60 (US$1.97). Examples of coffee entities in this group are City Cafe by 7-Eleven and Mr. Brown Coffee by Family Mart.

Three main groups have been identified:

Coffee Connoisseur It is primarily interested in discovering new, high quality brews of coffee. He is very price insensitive and would frequent specialty cafes with baristas who are experts and know their coffee in a passionate way.

Café Hangout The Café Hangout Coffee drinker values his coffee as an aspirational drink, to be drunk with a group of friends or to be seen consuming the beverage by others. He is relatively price insensitive, valuing the brand of the Café over the coffee type. The ambience and mood of the café is important to him. He would prefer to have food options available with his coffee as well. This group is a mix of students, who visit cafes as a place to hangout or study at, and working professionals, who value the café as an informal place to relax

Coffee Fix The Coffee Fix Coffee drinker values his coffee as his daily sustenance, requiring the energy boost which caffeine from the coffee provides. He may drink up to several cups a day and is not overly concerned with the quality of the coffee. He is also price sensitive as he is not after a premium product.

A survey found that the Taiwanese drink coffee in the following frequencies per day: one cup-46 percent, two cups-13 percent, and various frequencies depending on day and occasions-36 percent. The most frequently consumed coffee is: latte-48 percent, Americano-19 percent, cappuccino-17 percent, cafe mocha-4 percent, others-12 percent. Their favorite coffee venue is: Starbucks-29.1 percent and City Cafe-29.1 percent. Areas in which Starbucks must improve: prices-68.1 percent, promotional offers-15.3 percent, charity activities-9.2 percent, quality-6.9 percent, and refreshments- 6.1 percent. Areas in which City Cafe must improve: quality-29.4percent, refreshments- I4.7percent, promotional offers-14.0 percent, store ambience-13.3 percent, and peripheral merchandize-9.8 percent.

Question 1 What variables should be used to segment the coffee market in Taiwan? (10%)

Question 2 What group is Starbucks targeting in Taiwan and how do Starbucks offerings fit their requirement? How do Starbucks and City Café position themselves in the market and what do they communicate to their target customers? (25%)

Question 3 Why is the President’s group able to dominate the coffee market in Taiwan with the Starbucks and City Café concept rather than cannibalise itself with two brands in the same market? (15%)

An ounce of gold currently costs 5100 shekels in Tel Aviv and $1,450 in Dollars. The shekel inflation rate is 13%, and the dollar inflation rate is 2.5%. You are considering opening a semiconductor plant in Israel. Setting up manufacturing will cost 25,000,000 shekels today and 25,000,000 shekels 2 years from today. You will receive payments of 40,000,000 shekels one, two and three years from today. Your US dollar cost of equity is 11%. Assume that there is no arbitrage in any markets there are no taxes, and that this project is 100% equity financial.

a. What should the exchange rate between dollars and shekels be today?

b. What should the exchange rate one, two and three year from today? Please us exact formula not the approximate formula.

c. That the NPV of this project to US shareholders who demand payment in US dollar?

The process of making a car in North American involves an exceptional amount of cross-border interaction. To sketch out the production of a $20, 000 car:

1. (a) A company in Pittsburgh mines $5, 000 worth of steel from iron they mine themselves

2. (b) A company in Toledo makes $1, 000 worth of glass from silica they mine themselves

3. (c) A company in Akron makes $500 worth of tires from rubber they buy from Cote d’Ivoire for $5.

These inputs are purchased by a company in Detroit who also has affiliates in Northern Mexico and Canada. They

(a) Make $3, 000 worth of upholstery and chairs in Mexico

(b) Pay Canadians $500 to make sure the car seems generally agreeable

The Detroit company then sell the car to their (independently owned) dealer for $20, 000. The dealer finally sells it to a customer in New York for $25, 000. At the last minute, the salesman gets the customer to get an undercoat for $1,000 because, you know, it’s a good idea what with the road salt.

What was contribution to US GDP from the car? For each company involved, what is the value-added?

Joyce is a​ single, cash-method taxpayer. On April​ 11, 2017​, Joyce paid $ 120 state income taxes with her 2016 state income tax return. During 2017​, Joyce had $ 1 comma 600 in state income taxes withheld. On April​ 13, 2018​, Joyce paid $ 200 with her 2017 state tax return. During 2018​, she had $ 2 comma 100 in state income taxes withheld from her paycheck. Upon filing her 2018 tax return on April​ 15, 2019​, she received a refund of $ 450 for excess state income taxes withheld. Joyce had total AGI in 2018 and 2019 of $ 51 comma 000 and $ 53 comma 500​, respectively. In 2018​, Joyce also paid $ 10 comma 500 in qualified residence interest. ..​(Click the icon to view the standard deduction​ schedule.). Requirement a. What is the amount of state income taxes Joyce may include as an itemized deduction for 2017​? First select the appropriate labels and then calculate the 2017 itemized deduction for state income taxes. ​(If an input field is not used in the table leave the input​ field(s) empty; do not select a label or enter a​ zero.) 2017 itemized deduction for state income taxes STANDARD DEDUCTION Filing Status Married individuals filing joint returns and surviving spouses $24,000 Heads of households 18,000 Unmarried individuals (other than surviving spouses and heads of households) 12,000 Married individuals filing separate returns 12,000 Additional standard deduction for the aged and the blind Individual who is married and surviving spouses 1,300 * Individual who is unmarried and not a surviving spouse 1,600 * Taxpayer claimed as dependent on another taxpayer’s return: Greater of (1) earned income plus $350 or (2) $1,050. * These amounts are $2,600 and $3,200, respectively, for a taxpayer who is both aged and blind.

Requirement c. What is

JoyceJoyce​'s

taxable income for

20182018​?

​(If an input field is not used in the table leave the input​ field(s) empty; do not select a label or enter a​ zero.)

1. The starting salaries of individuals with an MBA degree are normally distributed with a mean of $90,000 and a standard deviation of $20,000. Suppose we randomly select 16 of these individuals with an MBA degree. What is the standard deviation of the average starting salary for these individuals?

   	a.	$4,000
   	b.	$5,000
   	c.	$20,000
   	d.	$1,666.67

Let us consider strategic risk. Look at the matrix and identify the two parameters that determine strategic risk. These two parameters are about the threat of opportunistic behavior from third-parties from which a company sources services. They do not necessarily distinguish between offshore and onshore providers. This observation leads us to a question: Now think of the measures that a company can adopt to mitigate strategic risk. Are some of those measures weakened by (or are costlier to implement) in the case of an offshore sourcing arrangement – i.e., where the provider is in say, Asia and the client is in say, the US or Canada?