Mahesh graduated from college six years ago with a finance undergraduate degree. Although he is
satisfied with his current job, his goal is to become a banker. He feels that MBA degree would allow
him to achieve this goal. After examining business schools, he has narrowed his choice to Kathmandu
University, school of management, one of the renowned University in Nepal. Although internships are
encouraged by the school, to get class credit for the internship, no salary can be paid. Other than
internship, neither school will allow its students to work while enrolled in its MBA program. Assume
it is now January 1, 2020 and he is planning to accumulate Rs 710,000 including college fees and other
stationery expenses for an MBA in January 2025. Today he is thinking for a deposit in a bank that pays
11 per cent nominal interest rate. The source of income that he received quarterly from his current job
is Rs 65,000. Out of his quarterly income he spends 65 per cent amount for his living. His mother has
also deposited Rs 200,000 in his account to facilitate his MBA degree. In order to attain his goal, you
are required to answer the following: [1+2+2+2+1+2=10]
a. How much must he deposit in lump sum on January 1, 2020 to accumulate a university fees along
with stationery expenses of Rs 710,000 on January 1, 2025?
b. If Mahesh wants to make equal installments on each January 1 from 2021 through 2025, how large
must each payment be?
c. If he wants to invest his quarterly salary net saving in the bank, the first payment being made at the
end of first quarter from now, how much he could accumulate in January 1, 2025? Assuming that
interest is compounded on quarterly basis.
d. What is the effective annual rate if interest is compounded monthly? Explain the difference
between annual percentage rate and effective annual rate.
e. If his bank balance of Rs 200,000 today pays 9 per cent annual interest compounded monthly, to
which value it will grow on January 1, 2025?
f. A dollar in hand today is worth more than a dollar to receive next year. Give your arguments.

In this assignment students will demonstrate their understanding of the distribution of means doing all steps of hypothesis testing.
For each problem students will write out all steps of hypothesis testing including populations, hypotheses, cutoff scores, and all relevant calculations. Assignments will be typed and uploaded in a word document to blackboard.

1.A nationwide survey in 1995 revealed that U.S. grade-school children spend an average of µ = 8.4 hours per week doing homework. The distribution is normal with σ = 3.2. Last year, a sample of n = 100 grade-school children was given the same survey. For this sample, the mean number of homework hours was 7.1. Has there been a significant change in the homework habits of grade-school children? Test with α = .05.

2.On the basis of her newly developed technique, a student believes she can reduce the amount of time schizophrenics spend in an institution. As director of training at a nearby institution, you agree to let her try her method on 20 schizophrenics, randomly sampled from your institution. The mean duration that schizophrenics stay at your institution is 85 weeks, with a standard deviation of 15 weeks. The scores are normally distributed. The results of the experiment show that patients treated by the student stay at the institution a mean duration of 78 weeks. What do you conclude about the student’s technique? Use α = .05.

3.A psychologist has developed a standardized test for measuring the vocabulary skills of 4-year-old children. The scores on the test form a normal distribution with μ = 60 and σ = 10. A researcher would like to use this test to investigate the idea that children who grow up with no siblings develop vocabulary skills at a different rate than children in large families. A sample of n = 25 children is obtained, and the mean test score for this sample is 63. On the basis of this sample, can the researcher conclude that vocabulary skills for children with no siblings are significantly different from those of the general population? Test at the .01 level of significance.

4.The average age for licensed drivers in a county is 42.6, with a standard deviation of 12, and the distribution is approximately normal. A county police officer was interested in whether the average age of those receiving speeding tickets is less that the average age of the population who has a license. She obtained a sample of 16 drivers with speeding tickets. The average age for this sample was 34.4. Do all the steps of hypothesis testing using the 0.01 significance level.

Stephen Hall is a 25 year-old with an entrepreneurial dream and an eclectic background. His dream is to start a travel agency that specializes in sports-related trips. These would include travel packages to attend professional sports events throughout the world and multi-country tours that are built around specific sporting competitions. Stephen knows there are travel agencies that already do this, but he feels it is a growing market and his knowledge of sports and his ability to work well with customers should help him be successful. He estimates he needs $150,000 bankable business plans for entrepreneurial ventures 236 to start this business, most of which will go into marketing expenses. His father has agreed to give him $50,000 and now he is writing a plan to show to potential investors. Stephen’s background includes interest and experience in many sports. He was an excellent wrestler in high school and college where he majored in computer science and graduated with a 2.8 grade-point average. After graduating, he worked at a storefront travel agency that had no particular specialty. He currently is a customer-service rep for a regional airline at the major airport near his home. While in high school and college, Stephen held many part-time jobs including running the deep-fat fryer in a fast food restaurant, working for a moving company, and being a security guard at a movie theater. Without overstating his qualifications, Stephen wants to point out his knowledge, relevant work experience, and personal skills that will make potential investors confident in supporting his venture. But he feels somewhat defensive talking about his background. His school career was not stellar and his jobs have been largely minimum wage and clerical. Stephen is considering not including a resume in his plan and avoiding discussion of his own background in the text of his business plan. He is also wonders if there is some way to define his business strategy that would better match his qualifications or if he can describe his experience and skills in the best light without exaggerating. 1. Playing the role of a potential investor, what do you consider Stephen’s strengths and weaknesses? 2. What kind of resume should Stephen prepare? 3. Write a one paragraph description of Stephen that stresses how his qualifications and abilities could make this venture successful.

COOKIE CREATIONS

Natalie Koebel spent much of her childhood learning the art of cookie-making from her grandmother. They spent many happy hours mastering every type of cookie imaginable and later devised new recipes that were both healthy and delicious. Now in her second year in college, Natalie started investigating possibilities for starting her own business as part of the entrepreneurship program in which she is enrolled.

A long-time friend insisted that Natalie include cookies in her business plan. After a series of brainstorming sessions, Natalie settled on the idea of operating a cookie-making school. She plans to start on a part-time basis and offer her services in people’s homes. Now that she has started thinking about it, the possibilities seem endless. During the fall, she will concentrate on holiday cookies. She will offer group sessions (which will probably be more entertainment than education) and individual lessons. Natalie also decided to include children in her target market. The first difficult decision was coming up with the perfect name for her business. She settled on “Cookie Creations,” and then moved on to more important issues.

After investigating the different forms of business organization, Natalie Koebel decided to operate her business as a corporation, Cookie Creations Inc., and she began the process of getting her business running.

While at a trade show, Natalie was introduced to Gerry Richards, operations manager of “Biscuits,” a national food retailer. After much discussion, Gerry asked Natalie to consider being Biscuits’ major supplier of oatmeal chocolate chip cookies. He provided Natalie with the most recent copy of the financial statements of Biscuits. He expects that Natalie would need to supply Biscuits’ Watertown warehouse with approximately 1,500 dozen cookies a week. Natalie is to send Biscuits a monthly invoice, and she will be paid approximately 30 days from the date the invoice is received in Biscuits’ Chicago office.

Natalie is thrilled with the offer. However, she had recently read in the newspaper that Biscuits has a reputation for selling cookies and donuts with high amounts of sugar and fat, and as a result, consumer demand for the company’s products has decreased.

In November 2017, after having incorporated Cookie Creations Inc., Natalie began operations. She decided not to pursue the offer to supply cookies to Biscuits. Instead, she will be focusing on offering cooking classes. The following events occur:

Nov. 8

8

8 11 14

15

16

17 18 25

29 30

30 30

Natalie cashes in her U.S. Savings Bonds and receives $520, which she deposits in her personal bank account.
NatalieopensabankaccountforCookieCreationsInc. Nataliepurchases$500ofCookieCreations’commonstock. CookieCreationspurchasespaperandotherofficesuppliesfor$95.(UseSupplies.) CookieCreationspays$125topurchasebakingsupplies,suchasflour,sugar,butter,andchocolate chips. (Use Supplies.) Nataliestartstogathersomebakingequipmenttotakewithherwhenteachingthecookieclasses.She has an excellent top-of-the-line food processor and mixer that originally cost her $550. Natalie decides to start using it only in her new business. She estimates that the equipment is currently worth $300, and she transfers the equipment into the business in exchange for additional common stock. Thecompanyneedsmorecashtosustainitsoperations.Natalie’sgrandmotherlendsthecompany $2,000 cash, in exchange for a two-year, 9% note payable. Interest and the principal are repayable at maturity.

CookieCreationspays$900foradditionalbakingequipment. NatalieschedulesherfirstclassforNovember29.Shewillreceive$100onthedateoftheclass. NataliebooksasecondclassforDecember5for$150.Shereceivesa$60cashdownpayment,in advance.

Natalieteachesherfirstclass,bookedonNovember18,andcollectsthe$100cash. Natalie’sbrotherdevelopsawebsiteforCookieCreationsInc.thatthecompanywilluseforadvertising. He charges the company $600 for his work, payable at the end of December. (Because the website is expected to have a useful life of two years before upgrades are needed, it should be treated as an asset called Website.)
CookieCreationspays$1,200foraone-yearinsurancepolicy.
Natalie teaches a group of elementary school students how to make Santa Claus cookies. At the end of the class, Natalie leaves an invoice for $300 with the school principal. The principal says that he will pass it along to the business office and it will be paid some time in December.

30 Nataliereceivesa$50invoiceforuseofhercellphone.SheusesthecellphoneexclusivelyforCookie Creations Inc. business. The invoice is for services provided in November, and payment is due on December 15.

Instructions for November:

(a) Prepare journal entries to record the November transactions. (b) Post the journal entries to the general ledger accounts.
(c) PrepareatrialbalanceatNovember30,2017.

Chart of Accounts

Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Accumulated Depreciation—Equipment Website
Accounts Payable
Interest Payable
Salaries and Wages Payable Unearned Service Revenue
Notes Payable
Common Stock
Dividends
Service Revenue
Utilities Expense
Salaries and Wages Expense
Supplies Expense
Depreciation Expense
Amortization Expense
Interest Expense
Insurance Expense

haleen: Pregnancy & Lactation Case Study (10 pts.) Instructions: This case study assignment should be treated as a short paper, including a cover page, a heading, and page numbers. Set up the paper with one-inch margins, double-spacing, with the font set at 12-point Times New Roman. The introduction to the paper should summarize the case you have chosen to discuss. Responses to the case study questions should be written in paragraph form. Each paragraph in the case study should begin with an introductory statement that lets the reader know what topic you will be addressing in the paragraph. For example, if the case study question asks, “What nutrients are deficient in Shaleen’s diet, based on her current diet history?” You might start the discussion in this paragraph by indicating: “Shaleen has X nutritional deficiencies, based on her diet history. Her current diet consists of XXXXX. She is deficient in XXXXX.” The paragraph would continue with the explanation (or rationale) for your response: “According to Rolfe et al. (2012), a 16-year-old requires XXXXX. Because she is pregnant, she also XXXXX and so on. Scenario: Shaleen is a 16-year-old inner-city youth and high school student. She requests a pregnancy test at the Public Health Clinic. The pregnancy test is positive and she informs the clinic that her last menstrual period was 8 weeks ago. Previous History: Shaleen has had two previous pregnancies, one a stillbirth in which she gained 15 pounds and the baby weighed 4 pounds at term. The other ended due to a miscarriage at 9 weeks gestation and occurred 6 months ago. Her first pregnancy was at the age of 13. Social History: Lives at home with her mother and 5 siblings. Her mother provides the only income as a third shift waitress at a local 24-hour restaurant. The family receives $200 per month in food stamps. You speak with Shaleen at the Public Health Clinic after she receives the positive results of her pregnancy test. A brief diet and health history indicates the following information. She is a three-year smoker and is constantly concerned about her weight. Her diet consists mainly of diet cola, pizza, burgers, hot dogs, and convenience pasta dishes like Spaghetti-Os. She does get school lunch for free because of her family income level but rarely eats the fruits and vegetables or drinks the milk. Since Shaleen is the eldest sibling, she prepares meals for her younger siblings and sometimes does not have time herself to eat what has been prepared. Physical Exam: Ht = 5’6” Usual Wt = 108 lbs. Present Wt = 110 lbs. BMI = BP = 118/76 Blood glucose = 100 Shaleen’s pregnancy progresses without any problems until at 30 weeks her physician becomes concerned because her blood pressure has risen to 140/95, her blood glucose is 180, and she has gained 7 lbs. in two weeks. She is showing signs of generalized edema and she has protein and ketones in her urine. Her weight at this time is 118 lbs. Questions:

At what point should her infant be introduced to solid foods? Outline a timeline for the introduction of these foods with appropriate suggestions for each new food.

Parth and Brittany have been your best friends since grade school. You, Parth, and Brittany have decided to quit your respective jobs and start up a bakery together since you all love cupcakes. Parth insists he wants to start the business as a partnership. Brittany says that she wants to start the business as a corporation. You want to weigh in and give your opinion as to the best form of business.

1. What are the options for business form? Are there other options besides partnership and corporation?

2. What does it take to create each form of business? What are the positives and negatives as to each type of business form?

3. What happens if you start running the business without choosing or creating a business form?

4. After considering Parth and Brittany's opinions, and your own research, which business form would you recommend to them and why?

Analyze unemployment-related issues -- High unemployment rate among workers with high school diploma or less

Study the past trends, provide an overview of the current status, and provide solutions to overcome any problems related to the issue you are studying. Use data, articles, and government reports to draw a clear picture of the current unemployment issues.

Your research needs to be structured with consistent and clear thoughts. It also needs to be supported by facts and data. Your results need to be based on solid facts. Your conclusion and recommended solution need to be thorough and based on your findings and understanding of unemployment and GDP.