1. A fiscal policy to expand aggregate supply: Group of answer choices results in increased output and a lower price level. works faster than fiscal policy to increase aggregate demand. requires tough trade restrictions to be effective. focuses on short-run economic growth. 2. Automatic stabilizers include all of the following EXCEPT: Group of answer choices tax revenues. transfer payments. increased research and development. All of the answers are correct. 3.All of these would help the U.S. achieve fiscal sustainability in the near future EXCEPT: Group of answer choices cuts in Social Security and Medicare. the abolishment of automatic stabilizers. reforms in government accounting procedures. massive tax increases to fund future Medicare liabilities. 4.Which statement is TRUE? Group of answer choices Changes in tax rates affect aggregate demand but not aggregate supply. Changes in tax rates affect both aggregate demand and aggregate supply. An increase in tax rates increases individuals' incentive to invest. An increase in tax rates encourages individuals to work more. 5.If the marginal propensity to consume in an economy is 0.75, what will be the effect of a reduction in government spending by $100 on the equilibrium output? Group of answer choices The equilibrium output will reduce by $400. The equilibrium output will reduce by $250. The equilibrium output will increase by $400. The equilibrium output will increase by $250.

Brandtly Industries invests a large sum of money in R&D; as a result, it retains and reinvests all of its earnings. In other words, Brandtly does not pay any dividends, and it has no plans to pay dividends in the near future. A major pension fund is interested in purchasing Brandtly's stock. The pension fund manager has estimated Brandtly's free cash flows for the next 4 years as follows: $2 million, $7 million, $11 million, and $14 million. After the fourth year, free cash flow is projected to grow at a constant 7%. Brandtly's WACC is 16%, the market value of its debt and preferred stock totals $46 million; and it has 22 million shares of common stock outstanding. Write out your answers completely. For example, 13 million should be entered as 13,000,000.

What is the present value of the free cash flows projected during the next 4 years? Round your answer to the nearest cent. Do not round your intermediate calculations.

$

What is the firm's horizon, or continuing, value? Round your answer to the nearest cent. $ What is the firm's total value today? Round your answer to the nearest cent. Do not round your intermediate calculations.

$

What is an estimate of Brandtly's price per share? Round your answer to the nearest cent. Do not round your intermediate calculations.

$

The Roche Radius, defined to the orbital distance at which a satellite tidally torn apart by the parent body, is named after Edward Roche, who first derived it in 1848. Recall that his radius is given by:

d = r*( 2 * M/m )^(1/3)  

Where r is the radius of the satellite, m is the mass of the satellite, and M is the mass of the parent body.

(a) Recast this equation in terms of the density of the satellite (p_m), the density of the parent body (p_M), and the radius of the parent body (R). (Hint: you may assume that each body is well approximated by a sphere.)

(b) Let's consider the Saturn system, and apply this equation. Saturn's moon Pan orbits the planet at a distance 1.34 x 10⁵ km; inside of a gap in the rings! Calculate the ratio of Pan's orbital radius to its calculated Roche Radius (p_Pan = 0.42 g/cm² , p_Saturn = 0.687 g/cm² , R_Saturn = 58,000 km). Comment on whether this moon is safe from tidal disruption, or not.

(c) Using what you know about the Roche Radius, and the above example, calculate the radius of the moon required to create the rings of Saturn as seen today (assuming that it was just one moon, with the density of pan and near the present-day orbit of Pan). The total mass in Saturn's rings is approximately 3 x 10¹⁹ kg. (Hint for calculating Saturn's mass: 0.687 g/cm² = 687 kg/m² )

A 65-year-old woman presents with a 10-year history of osteoarthritis,
primarily affecting her hips and knees and new complaints
of neuropathic pain due to type 2 diabetes that may have been
poorly controlled in the past. She has frequent complaints of joint
pain after walking or other activities and experiences stiffness in
the morning when she awakens or after sitting during bridge games.
Recently, she has had difficulty walking and has had several near
falls. She states that her feet feel heavy, numb, and tingling. The
pain feels like pins and needles. She displays no apparent distress,
but this is common in chronic pain. Because the pain is affecting
her active lifestyle, therapy is indicated to improve functional status.
Options for chronic nonmalignant pain include nonsteroidal
anti-inflammatory drugs (NSAIDs), opioids (preferably long-acting
forms), corticosteroids, and local anesthetics. Because the onset of
neuropathic pain is recent, appropriate therapy with antidepressants,
anticonvulsants, or lidocaine may be appropriate. After initiation
of an individualized regimen, the patient should be assessed for
adequacy of pain relief and the presence of side effects.

1) Summarize the Problem or Concern

2) Provide a brief Patho discussion on your primary diagnosis/problem/concern

3) Provide a Pharmacological Plan to treat your patient

4) Provide patient educational information specific to your pharmacological plan

Case-study: Proposed New Airport Runway for the Axe Stream Heights International Airport

Author: Ewan MacFarlane

Scenario (2b): In the past two months, members of the local community protest group, PEEPS, have continued to collect case-reports of illnesses attributed to close residential proximity to the airport. They now claim they have ‘uncovered’ a ‘cluster’ of 13 cases of cancer which they say are caused by exposure to pollutants and/or noise from the airport. Dr McGrimace and Ms Lightbody have reviewed these cases but can’t agree whether or not these cases actually are ‘disease cluster’ and/or if living near the airport is the cause. PEEPS has turned to you for advice.

Questions for discussion:

2b.2 ‘Disease cluster’ communication

Q: 1 Public communication and stakeholder involvement is particularly important when following-up a ‘disease cluster’ – how would you involve the public and stakeholders in this ‘cluster investigation’?

Q: 2 What principles of risk communication are relevant here and how would you ‘operationalise’ them in a situation like this?

Q: 3What can be the consequences of poor stakeholder/public communication in a situation like this?What are some real examples of ‘botched’ public/stakeholder communication in past cluster investigations and/or other environmental health crises? What went wrong and why? What was done to remedy the situation and did it work?

1. Other factors equal, changing the estimated population deviation rate from 2% to 4% would cause the required sample size to?

a. become indeterminate

b. increase

c. remain the same

d. decrease

2. Attributes sampling would be an appropriate method to use on which one of the following procedures in an audit program?

a. Review sales transactions for large and unreasonable amounts.

b. Observe whether the duties of the accounts receivable clerk are separate from handling cash.

c. Examine a sample of duplicate sales invoices for credit approval by the credit manager.

d. Review the aged schedule of accounts receivable to determine if receivables from officers are included

3. Proper separation of duties is useful to prevent various types of misstatements. Which of the following is not an essential?

a. personnel doing internal comparisons should be independent of those entering the original data.

b. separate the credit-granting function from the sales function

c. person having access to cash should not have access to checks from customers

d. anyone responsible for inputting sales and cash receipts transactions information into the computer should be denied access to cash

4. Which is consistent with billing customers before year-end for goods shipped near year-end?

a. AR/CR is high

b. REV/COS is high

c. REV/AR is high

d. none of the above

Research Problem 2. Five years ago Bridget decided to purchase a limited partnership interest in a fast-food restaurant conveniently located near the campus of Southeast State University. The general partnerof the restaurant venture promised her that the investment would prove to be a winner. During theprocess of capitalizing the business, $2 million was borrowed from Northside Bank; however, each of thepartners was required to pledge personal assets as collateral to sa±sfy the bank loan in the event thatthe restaurant defaulted. Bridget pledged shares of publicly traded stock (worth $200,000, basis of$75,000) to sa±sfy the bank’s requirement.The restaurant did a good business un±l just recently, when ²agrant health code viola±ons werediscovered and widely publicized by the media. As a result, business has declined to a point where therestaurant’s con±nued existence is doub³ul. In addi±on, the $2 million loan is now due for payment.Because the restaurant cannot pay, the bank has called for the collateral provided by the partners to beused to sa±sfy the debt. Bridget sells the pledged stock for $200,000 and forwards the proceeds to thebank. Bridget believes that her share of the restaurant’s current and suspended passive losses can o´setthe $125,000 gain from the stock sale. As a result, aµer ne¶ng the passive losses against the gain, noneof the gain is subject to tax. How do you react to Bridget’s posi±on?

Each part should be no more than 1 page in length.

Part I

The rules of accounting provide management with “some” latitude in determining when revenue is earned. Assume that a company normally required acceptance by its customers prior to recording revenue as earned, delivers a product to a customer near the end of the quarter. The company believes that customer acceptance is assured, but cannot obtain it prior to the quarter-end. Recording the revenue would assure “making its numbers” for the quarter. Although formal acceptance is not obtained, the salesperson records the sale, fully intending to obtain written acceptance as soon as possible.

1. What are the revenue recognition requirements in this case?

2. What are the ethical issues relating to this sale?

3. Assume you are on the board of directors of this company. What safeguards can you put in place to provide assurance that the company’s revenue recognition policy is followed?

Part II

Research and review what a financial statement derivative is. Identify an example and how company’s use to leverage the business activities.

Part III

A company’s return on net operating assets (RNOA = NOPAT/Average NOA) is commonly used to evaluate financial performance. If managers cannot increase NOPAT, they can still increase this return by reducing the amount of net operating assets (NOA). In bullet form, list specific ways that managers could reduce the following assets:

1. Receivables

2. Inventories

3. Plant, property equipment

CORPORATE VALUATION

Brandtly Industries invests a large sum of money in R&D; as a result, it retains and reinvests all of its earnings. In other words, Brandtly does not pay any dividends, and it has no plans to pay dividends in the near future. A major pension fund is interested in purchasing Brandtly's stock. The pension fund manager has estimated Brandtly's free cash flows for the next 4 years as follows: $2 million, $5 million, $10 million, and $15 million. After the fourth year, free cash flow is projected to grow at a constant 4%. Brandtly's WACC is 13%, the market value of its debt and preferred stock totals $40 million; and it has 20 million shares of common stock outstanding.

Write out your answers completely. For example, 13 million should be entered as 13,000,000.

What is the present value of the free cash flows projected during the next 4 years? Round your answer to the nearest cent. Do not round your intermediate calculations.

$

What is the firm's horizon, or continuing, value? Round your answer to the nearest cent.

$

What is the firm's total value today? Round your answer to the nearest cent. Do not round your intermediate calculations.

$

What is an estimate of Brandtly's price per share? Round your answer to the nearest cent. Do not round your intermediate calculations.

$

D. The Balmer Series 1. When Balmer found his famous series for hydrogen in 1886, he was limited experimentally to wavelengths in the visible and near ultraviolet regions from 250 nm to 700 nm, so all the lines in his series lie in that region. a) Based on the entries in Table 2 and the transitions on your energy level diagram, what common characteristic do the lines in the Balmer series have? B) What would be the longest possible wavelength for a line in the Balmer series? λ = ___________nm C) What would be the shortest possible wavelength that a line in the Balmer series could have? Hint: What is the largest possible value of ΔE to be associated with a line in the Balmer series? λ = ___________nm The Ionization Energy of Hydrogen 1. In the normal hydrogen atom the electron is in its lowest energy state, which is called the ground state of the atom. The maximum electronic energy that an electron in a hydrogen atom can have is 0 kJ/mole, at which point it would essentially be removed from the atom and it would become a H+ ion. How much energy in kilojoules per mole does it take to ionize a hydrogen atom? ______________ kJ/mole a) The ionization energy of hydrogen is often expressed in units other than kJ/mole. What would it be in joules per atom? in electron volts per atom? (1 ev = 1.602 x 10-19 J) ______________J/atom; _____________ ev/atom