Please answer the following questions in 250+ words total and number the questions (aim for about a paragraph per question).

1. Define compensating differential and give original examples (not already included in the book or power points) of different jobs that earn higher wages and some that earn lower wages because of compensating differentials.

2. Go to the Education Pays (Links to an external site.) page on the Bureau of Labor Statistics website. Compare and contrast the different levels of education in relation to average wage and unemployment rate.

3. Explain the benefits of higher education in terms of the unemployment rate and average salary figures in the United States per the Education Pays chart.

4. How does this reflect on your own decision to invest in your human capital?

5. Also, go to the BLS Occupational Outlook Handbook (Links to an external site.) and look up two careers that you may be interested in pursuing.

6. Does the information given about these careers match your expectations?

7. Is there expected growth of jobs in these careers? How might it affect your likelihood of finding a job after graduation?

High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant’s operation:

Management is anxious to assess the profitability of the new camp cot during the month of May.

Required:

1. Assume that the company uses absorption costing.

a. Determine the unit product cost.

b. Prepare an income statement for May.

2. Assume that the company uses variable costing.

a. Determine the unit product cost.

b. Prepare a contribution format income statement for May

Question 1

Princess Cruise Company (PCC) purchased a ship from Mitsubishi Heavy Industry for 500 million yen payable in one year. The current spot rate is ¥124/$ and the one-year forward rate is 110¥/$. The annual interest rate is in Japan is 5% for lending and 6% for borrowing; and in the United States it is 7% for lending and 8% for borrowing. The WACC is 7%. PCC can also buy a one-year call option on yen at the strike price of $0.0081 per yen for a premium of 0.00014$/¥.

a. Compute the future dollar costs of meeting this obligation using a forward hedge.

b. Compute the future dollar costs of meeting this obligation using a money market hedge. Explain step by step using both numbers and a written explanation the money market strategy.

c. Assuming that the forward exchange rate is the best predictor of the future spot rate, compute the expected future dollar cost of meeting this obligation when the option hedge is used.

d. At what future spot rate do you think PC may be indifferent between the option and the forward hedge?

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Answer the following questions:

1. What causes the variations in skin colors among humans?
2. What does it mean to say that race is a socially constructed concept? How is the concept of “race” understood presently by almost all social scientists?
3. What is the difference between a race and an ethnic group, and what do the two concepts have in common? Give 3 examples of each
4. What is institutional racism and why is it important? In your opinion, based on the lecture’s example on institutional racism is it possible for minorities to be “racist.”
5. What are the problems with describing the United States as just a “nation of immigrants”?
6. Briefly discuss push and pull factors and how they shape migration.                        
7. What is the difference between prejudice, discrimination, and racism?
8. Discuss the term stereotypes and the problems with both positive and negative stereotypes. How do stereotypes and prejudices maintain racial and ethnic discrimination?
9. Do you feel that racial images and stereotypes in the media are changing over time?  How are they changing?
10. Briefly discuss the different types of assimilation. In your opinion, which types can be detrimental to an ethnic group/ racial identity; and which types are necessary in order to adapt to and succeed in a given society.

PA8-6 Preparing Operating Budgets for a Merchandising Firm [LO 8-5, 8-3a, f, g, h]

Red Canyon T-shirt Company operates a chain of T-shirt shops in the southwestern United States. The sales manager has provided a sales forecast for the coming year, along with the following information:

• Each T-shirt is expected to sell for $14.
• The purchasing manager buys the T-shirts for $6 each.
• The company needs to have enough T-shirts on hand at the end of each quarter to fill 24 percent of the next quarter’s sales demand.
• Selling and administrative expenses are budgeted at $78,000 per quarter plus 16 percent of total sales revenue.

Required:
1. Determine budgeted sales revenue for each quarter.



2. Determine budgeted cost of merchandise purchased for each quarter.



3. Determine budgeted cost of good sold for each quarter.



4. Determine selling and administrative expenses for each quarter.



5. Complete the budgeted income statement for each quarter.

Please answer the following questions(true/false)

1. When Barack Obama was sworn in as the president of the United States, he inherited a situation that had confounded his predecessors for half a century. America's complex relationship with Cuba illustrates the impact the political, legal, and regulatory environments can have on international trade and global marketing activities

2. Bribery payments are considered a deductible business expense in many European countries

3. Globalization is presenting significant marketing opportunities for professional sports organizations such as the National Football League and Major League Soccer.

4. Market research should focus on finding out how a potential customer can be changed into an actual customer.

5. As cultural information and imagery flow freely across borders via satellite TV, the Internet, and similar communication channels, new global consumer cultures are emerging.

6. Vegetarians form a category of people that are embedded within a broad culture forming a subculture, which in turn represent an attractive niche marketing opportunity

7. Market research is the project-specific, systematic gathering of data and is the activity that links the consumer, customer, and public to the marketer through information

7. Assume that Seminole, Inc., considers issuing a Singapore dollar?denominated bond at Its present coupon rate of 7.1 percent, even though it has no incoming cash flows to cover the bond payments. It is attracted to the low financing rate, since U. S. dollar-denominated bonds issued in the United States would have a coupon rate of 12 percent. Assume that either type of bond would have a four­?year maturity and could be issued at par value. Seminole needs to borrow $10 million. Therefore, it will either issue U. S. dollar denominated bonds with a par value of $10 million or bonds denominated in Singapore dollars with a par value of S$20 million. The spot rate of the Singapore dollar is $.50. Seminole has forecasted the Singapore dollar’s value at the end of each of the next four years, when coupon payments are to be paid:

                       End of Year                 Exchange Rate of Singapore Dollar

                                1       $.52

                                2        .56

                                3        .58

                                4        .53

Determine the expected annual cost of financing with Singapore dollars. Should Seminole, Inc., issue bonds denominated in U.S. dollars or Singapore dollars? Explain

write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas. The importance of trade continues to be a debated topic because the gains are not always quantifiable by those involved. Some would argue that due to a significant difference in wages and regulations, free trade is not always fair trade and that free trade agreements are used by companies to simply chase lower wages and fewer regulations. In the United States, this has been an ongoing debate in regard to both the North American Free Trade Agreement (NAFTA) and the normalized trade relationship with China. Take some time to read the following articles before beginning your post: Free Trade vs. Fair Trade U.S. Trade Strategy: Free Versus Fair Based on what you have read, please address the following questions: Which do you feel is a better approach, free or fair trade, and why? Given the concept of comparative advantage, should we even be discussing free versus fair trade?

High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant’s operation: Beginning inventory 0 Units produced 40,000 Units sold 35,000 Selling price per unit $ 81 Selling and administrative expenses: Variable per unit $ 3 Fixed (per month) $ 560,000 Manufacturing costs: Direct materials cost per unit $ 17 Direct labor cost per unit $ 8 Variable manufacturing overhead cost per unit $ 2 Fixed manufacturing overhead cost (per month) $ 720,000 Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing. a. Determine the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a. Determine the unit product cost. b. Prepare a contribution format income statement for May.