Options: Current Account Debit, Current Account Credit, Capital Account Debit, Capital Account Credit

1. Foreign freight and shipping services purchased by a Canadian exporter from a foreign transportation firm

2. Japan purchases more Canadian lumber products

3. Nova corporation of Canada sells a new stock issue to a Chinese investor

4. The purchase of insurance from Lloyds of London

5. The hotel bill of a Canadian tourist in Rome

6. Expenditures abroad by Canadian tourists

7. $15,000,000 sale of natural gas by PanCanadian to an American utility company

8. The import of a BMW automobile

Betsy Birdsong, an interior designer, has made plans to definitely retire in three years. She has begun to downsize her business and is moving out of the 2,000 square foot commercial condominium she owns in a prestigious business park. Betsy does not wish to sell at this time, so she has decided to offer the condominium as a lease-purchase option. While she hasn't decided on a purchase price, she is adamant about the lease term:   a three-year lease with a two-year option (for the first two years only).  

What is your opinion as to why she would require such a lease term?

Suppose you pick 50 clovers from the grass in Washington square park. Some clovers are four-leaf clovers but most have only three leaves. Suppose clovers develop their leaves inde- pendently of each other and there is some probability p that they will develop into a four-leaf clover.

Calculate the probability that you get two or fewer four-leaf clovers, for each of p = 0.1, 0.05, 0.01. For each value of p, do the calculation in three ways: the exact calculation, the Poisson ap- proximation, and the Normal approximation (with the histogram correction.) Comment on your results – which approximation is better when?

Homework 6: Present Value

We sought out a soothsayer, who did sayeth some sooth. She stirred her cauldron and foresaw that terrible things would happen to Evanston. 100 years from this very day, the crimes of John Evans will come back to punish the residents of this town, causing $300 million dollars of damages. However, we can avert this terrible fate at the low, low cost of just $6 million dollars today (paid to descendants of those Evans wronged). That’s right, for just $6 million dollars now, we can avert $300 million dollars of damage to future Evanston residents! You can’t beat this deal!

1. What is the most we would be willing to pay to avert this future harm if our discount rate is 1.4% per year?

2. What is the most we would be willing to pay to avert this future harm if our discount rate is 4% per year?

3. What is the most we would be willing to pay to avert this future harm if our discount rate is 10% per year?

Suppose that we could buy a bit of Evanston lakefront for $130 million and build a lovely public beach that would deliver social benefits of $5 million dollars per year forever, starting one year from now.

4. What is the most we would be willing to pay to build this park if our discount rate is 1.4% per year?

5. What is the most we would be willing to pay to build this park if our discount rate is 4% per year?

6. What is the most we would be willing to pay to build this park if our discount rate is 10% per year?

7. Think of the basic Pigouvian Externality situation.

Private Marginal Benefit = 600 - 2*Q

Private Marginal Cost = 30 + Q

Marginal Damage = 90

Private market equilibrium quantity = Q_P = (600-30)/(2+1) = 190

What is the optimal Pigouvian tax and socially optimal quantity?

8. Same setup as in the previous problem, except that the Marginal Damage doesn’t occur now, but will actually happen in 10 years. Let the discount rate be 3%.

What is the optimal Pigouvian tax and socially optimal quantity today?

9. Same setup as in the previous problem, except we just had an election, and so now the discount rate is 7%. What is the optimal Pigouvian tax now? What is the optimal social quantity today?

10.1Document for Analysis: Poor Persuasive Request Inviting Speaker to Discuss Seven Cardinal Sins in Food Service

(L.O. 1–3)

The following letter from a program chair strives to persuade a well-known chef to make a presentation before a local restaurant association. But the letter is not very persuasive. How could this message be more persuasive? What reader benefits could it offer? What arguments could be made to overcome resistance? How should a persuasive message conclude?

Your Task Analyze the following invitation and list its weaknesses, and write a revision.

Current date

Ms. Danielle Watkins

The Beverly Hills Hotel

9641 Sunset Boulevard

Beverly Hills, CA 90210

Dear Ms. Watkins:

We know you are a very busy hospitality professional as chef at the Beverly Hills Hotel, but we would like you to make a presentation to the San Francisco chapter of the National Restaurant Association. I was asked to write you since I am program chair.

I heard that you made a really good presentation at your local chapter in Los Angeles recently. I think you gave a talk called “Avoiding the Seven Cardinal Sins in Food Service” or something like that. Whatever it was, I'm sure we would like to hear the same or a similar presentation. All restaurant operators are interested in doing what we can to avoid potential problems involving discrimination, safety at work, how we hire people, etc. As you well know, operating a fast-paced restaurant is frustrating—even on a good day. We are all in a gigantic rush from opening the door early in the morning to shutting it again after the last customer has gone. It's a rat race and easy to fall into the trap with food service faults that push a big operation into trouble.

Enclosed please find a list of questions that our members listed. We would like you to talk in the neighborhood of 45 minutes. Our June 10 meeting will be in the Oak Room of the Westin St. Francis Hotel in San Francisco and dinner begins at 7 p.m.

How can we get you to come to San Francisco? We can only offer you an honorarium of $200, but we would pay for any travel expenses. You can expect a large crowd of restaurateurs who are known for hooting and hollering when they hear good stuff! As you can see, we are a rather informal group. Hope you can join us!

Sincerely,

explain in details about united kingdom commodities market with charts and example

What is the current level of GDP ( Gross Domestic Product) for United Kingdom?