Your software company was invited to provide a proposal for a company in Australia. You currently have the cost in US dollars and need to convert the prices to the Australian dollar. Write a 2-part program using Ruby, Java®, or Python. Part 1: Write a function to gather the following costs from the user: Travel Cost: $9,800 Hotel Cost: $3,500 Rental Car Cost: $1,600 Labor Cost: $15,500 Part 2: Write a function to convert the costs from United States dollar (USD) to Australian dollar (AUD). Note: Look up the current USD to AUD exchange rate to use in your function. Test the program 3 times by providing different costs in USD. Provide the code and take a screenshot of the output, then paste the screenshot(s) into a Microsoft® Word document. Write a half-page response in the same Microsoft® Word document to address the following: Provide a manual for the user explaining how to use the program. Explain what type of user input validations you should have. What happens if the user enters a negative number? What happens if the user puts a $ in the input?

uestion 36

A manager is explaining to a staff auditor how various situations might affect the audit opinion. For each of the following scenarios, identify the appropriate reporting option by matching the scenario with the opinion type from the list provided. Assume that any financial statement effect is material, unless otherwise noted and that US auditing standards are followed.

In February 2020, the US dollar was trading on the foreign exchange market at 0.88 euros per US dollar, and today the US dollar is trading at 0.83 euros per US dollar.

   how will trading between the two countries be effected?

Quotes for the US dollar (US$) and Thai Baht (Bt) are as follow:

Spot contract midpoint S0Bt/US$=Bt 24.96/US$
1-year forward midpoint F0Bt/US$=Bt25.64?US$
1-year Eurodollar interest rate I$=6.125%per year

a) Your newspaper does not quote 1-year Eurocurrency interest rates on thai baht. Make your own estimate of iBt.

b) Suppose that you can trade at the prices for S0Bt/US$ , F0Bt/US$ and I$ just given and that you can also either borrow or lend at a Eurocurrency interest rate of iBt = 10% per cent. Based on a $1 million initial amount, how much profit can you generate through covered interest arbitrage ?

Reflection Question#1 – What is Christina Aguilera and the other musicians asking the U.S. government to do and explain why?

Reflection Question #2 – Describe your opinion on this issue and mention if you agree or disagree with the musicians as to what they are asking?

Reflection Question #3 – Give your opinion on --- “Whose job is it to police copyright infringement?”

“The music industry is begging the US government to change its copyright laws” By Jamieson Cox on April 1, 2016
Christina Aguilera, Katy Perry, deadmau5, and dozens of other musicians are asking the US government to revamp the Digital Millennium Copyright act (DMCA), the piece of law that governs access to copyrighted work on the internet. Musicians, managers, and "creators" from across the industry co-signed petitions sent to the US Copyright Office arguing that tech companies — think YouTube and Tumblr, sites with vast reserves of content that infringes on some copyright — have "grown and generated huge profits" on the backs of material that's illegally hosted.

"The growth and support of technology companies should not be at the expense of artists and songwriters," reads the letter signed by Aguilera, Perry, and their peers. "The tech companies who benefit from the DMCA today were not the intended protectorate when it was signed into law two decades ago."

Whose job is it to police copyright infringement?
This is a complicated issue, but you can boil it down to one key question: whose job is it to police the appearance of copyrighted material where it doesn't belong? When the DMCA was created in 1998, it was much easier for artists and labels to handle isolated incidents of copyright infringement using the act's "notice-and-takedown" system. (It's self-explanatory: the copyright owner files a notice of infringement, it's processed, and the offending post is taken down.)
It's a lot harder to police the internet c. 2016. It's flooded with new, potentially infringing material every second, and the industry the notice-and-takedown system isn't responsive enough to help musicians' work retain its value. It's also noting that sites like YouTube have thrived on the "copyright black market," earning millions of clicks and views from content sitting in the grey area between posting and takedown. The sites counter by arguing they've given the labels the tools they need (like YouTube's Content ID system) to make DMCA takedowns faster and more effective.
It's unclear exactly what impact the industry's coordinated response will have on the status of the DMCA. Bloomberg notes that the US Copyright Office doesn't have the power to directly change the DMCA; it can recommend a set of changes to a subcommittee tasked with reviewing contemporary copyright law, but that's about it. If you take the industry's word for it, that change needs to happen fast, because the status quo is endangering the future of music. "The existing laws — and their interpretation by judges — threaten the continued viability of songwriters and recording artists to survive from the creation of music," reads the musicians' letter. "The next generation of creators may be silenced if the economics don't justify a career in the music industry."

REFLECTION QUESTIONS FOR CHAPTER # 5 --- INTELLECTUAL PROPERTY

Read the article below and answer the following three reflection questions. The answers are to be submitted for grading.

Reflection Question#1 – What is Christina Aguilera and the other musicians asking the U.S. government to do and explain why?

Reflection Question #2 – Describe your opinion on this issue and mention if you agree or disagree with the musicians as to what they are asking?

Reflection Question #3 – Give your opinion on --- “Whose job is it to police copyright infringement?”

“The music industry is begging the US government to change its copyright laws” By Jamieson Cox on April 1, 2016
Christina Aguilera, Katy Perry, deadmau5, and dozens of other musicians are asking the US government to revamp the Digital Millennium Copyright act (DMCA), the piece of law that governs access to copyrighted work on the internet. Musicians, managers, and "creators" from across the industry co-signed petitions sent to the US Copyright Office arguing that tech companies — think YouTube and Tumblr, sites with vast reserves of content that infringes on some copyright — have "grown and generated huge profits" on the backs of material that's illegally hosted.

"The growth and support of technology companies should not be at the expense of artists and songwriters," reads the letter signed by Aguilera, Perry, and their peers. "The tech companies who benefit from the DMCA today were not the intended protectorate when it was signed into law two decades ago."

Whose job is it to police copyright infringement?
This is a complicated issue, but you can boil it down to one key question: whose job is it to police the appearance of copyrighted material where it doesn't belong? When the DMCA was created in 1998, it was much easier for artists and labels to handle isolated incidents of copyright infringement using the act's "notice-and-takedown" system. (It's self-explanatory: the copyright owner files a notice of infringement, it's processed, and the offending post is taken down.)
It's a lot harder to police the internet c. 2016. It's flooded with new, potentially infringing material every second, and the industry the notice-and-takedown system isn't responsive enough to help musicians' work retain its value. It's also noting that sites like YouTube have thrived on the "copyright black market," earning millions of clicks and views from content sitting in the grey area between posting and takedown. The sites counter by arguing they've given the labels the tools they need (like YouTube's Content ID system) to make DMCA takedowns faster and more effective.
It's unclear exactly what impact the industry's coordinated response will have on the status of the DMCA. Bloomberg notes that the US Copyright Office doesn't have the power to directly change the DMCA; it can recommend a set of changes to a subcommittee tasked with reviewing contemporary copyright law, but that's about it. If you take the industry's word for it, that change needs to happen fast, because the status quo is endangering the future of music. "The existing laws — and their interpretation by judges — threaten the continued viability of songwriters and recording artists to survive from the creation of music," reads the musicians' letter. "The next generation of creators may be silenced if the economics don't justify a career in the music industry."

The following table shows John’s total utility derived from billiards and bowling games. Assume John has $30 to spend on a game of billiards and/or a game of bowling. A game of billiards costs him $4, and a game of bowling costs him $2. Which of the following is John’s utility-maximizing combination of the games of billiards and the games of bowling?

​

Table 6.5

​

Select one:

a.

​Twelve games of bowling

b.

​Four games of billiards and four games of bowling

c.

​Five games of billiards and five games of bowling

d.

​Five games of billiards and two games of bowling

e.

​Three games of billiards and eight games of bowling

Question 12

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Suppose Ernie gives up his job as financial advisor for P.E.T.S., where he earned $30,000 per year, to open up a store selling pet-care products. He invested $10,000 in the store, which were originally savings that earned 5 percent interest. This year, the revenue from the new business was $50,000 and the explicit costs were $10,000. The economic profit earned by Ernie was _____.​

Select one:

a.

$20,000​

b.

$50,000​

c.

$40,000​

d.

​$10,000

e.

$9,500​

Question 13

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The Hound Dog Bus Company contemplates expanding its New Mexico operations by offering services from Raton to Santa Fe. It has estimated that the total cost of the trip will be $400, of which $150 is the fixed cost, which it has already paid. The company expects an increase in revenue by $275 from the trip. The Hound Dog Bus Co. should:​

Select one:

a.

​offer this service because the additional revenue exceeds the additional cost of this service.

b.

​offer this service because it will earn a positive economic profit.

c.

​not offer this service because marginal revenue is less than marginal cost.

d.

​not offer this service because total cost exceeds total revenue.

e.

​offer this service because total revenue exceeds fixed cost.

Question 14

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Which of the following would shift the supply curve of a good to the left?​

Select one:

a.

​An increase in the cost of an important resource used to produce the good

b.

​An increase in the price of that good

c.

​An increase in the number of producers of the good

d.

​A decrease in the price of an alternative good

e.

​An improvement in technology used in producing the good

Question 15

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A consumer’s willingness to pay additional money for time-saving goods depends primarily on:​

Select one:

a.

​the number of people in his or her household.

b.

​the wealth and property he or she possesses.

c.

​the opportunity cost of his or her time.

d.

​his or her social status.

e.

​the distance between his or her home and workplace.

Problem 15-33 (Algorithmic)

Kolkmeyer Manufacturing Company is considering adding two machines to its manufacturing operation. This addition will bring the number of machines to ten. The president of Kolkmeyer asked for a study of the need to add a second employee to the repair operation. The arrival rate is 0.07 machines per hour for each machine, and the service rate for each individual assigned to the repair operation is 0.6 machines per hour.

1. Compute the operating characteristics if the company retains the single-employee repair operation. If required, round your answers to four decimal places.
   

   	P0	=
   	Lq	=
   	L	=
   	Wq	=  hours
   	W	=  hours

2. Compute the operating characteristics if a second employee is added to the machine repair operation. If required, round your answers to four decimal places.
   

   	P0	=
   	Lq	=
   	L	=
   	Wq	=  hours
   	W	=  hours

3. Each employee is paid $30 per hour. Machine downtime is valued at $80 per hour. From an economic point of view, should one or two employees handle the machine repair operation? Explain. If required, round your answers to two decimal places.
   
   Cost of one employee system: $  
   
   Cost of two employees system: $  
   
   From an economic point of view,   should handle the machine repair operation.

Kolkmeyer Manufacturing Company is considering adding two machines to its manufacturing operation. This addition will bring the number of machines to eleven. The president of Kolkmeyer asked for a study of the need to add a second employee to the repair operation. The arrival rate is 0.05 machines per hour for each machine, and the service rate for each individual assigned to the repair operation is 0.6 machines per hour.

1. Compute the operating characteristics if the company retains the single-employee repair operation. If required, round your answers to four decimal places.
   

   	P0	=
   	Lq	=
   	L	=
   	Wq	= hours
   	W	= hours

2. Compute the operating characteristics if a second employee is added to the machine repair operation. If required, round your answers to four decimal places.
   

   	P0	=
   	Lq	=
   	L	=
   	Wq	= hours
   	W	= hours

3. Each employee is paid $15 per hour. Machine downtime is valued at $80 per hour. From an economic point of view, should one or two employees handle the machine repair operation? Explain. If required, round your answers to two decimal places.
   
   Cost of one employee system: $  
   
   Cost of two employees system: $  
   
   From an economic point of view,
   • one employee
   • two employees
   should handle the machine repair operation.

Kolkmeyer Manufacturing Company is considering adding two machines to its manufacturing operation. This addition will bring the number of machines to ten. The president of Kolkmeyer asked for a study of the need to add a second employee to the repair operation. The arrival rate is 0.05 machines per hour for each machine, and the service rate for each individual assigned to the repair operation is 0.4 machines per hour.

Compute the operating characteristics if the company retains the single-employee repair operation. If required, round your answers to four decimal places. P0 = Lq = L = Wq = hours W = hours

Compute the operating characteristics if a second employee is added to the machine repair operation. If required, round your answers to four decimal places. P0 = Lq = L = Wq = hours W = hours

Each employee is paid $20 per hour. Machine downtime is valued at $70 per hour. From an economic point of view, should one or two employees handle the machine repair operation? Explain. If required, round your answers to two decimal places. Cost of one employee system: $ Cost of two employees system: $ From an economic point of view, should handle the machine repair operation.

Can anyone help?