This year ABC Company reported net property, plant, and equipment (PP&E) of $17,607 after having reported net PP&E of $11,825 last year. During the year the company sold PP&E with a net book value of $1,428 for $1,112. ABC also charged $7,851 in depreciation expenses against its earnings. How much did ABC spend to acquire PP&E during the year? Assume that all new PP&E was acquired for cash. Note that your answer will represent a cash outflow for purchasing new PP&E, but you should present your result as a positive value.

A US multinational corporation has operations in Bolivia through which it plans to sell a new product of 500,000 cans of beans per year for the next 3 years, at a price of BOB 4 per can after incurring a variable cost of BOB 2.50 per can. The company will also incur a fixed cost of BOB 120,000 per year. The company has invested BOB 900,000 today in manufacturing equipment for its Bolivian operations, which will be depreciated to $0 at the end of its 3-year life. The corporation’s required rate of return is 20% and has a tax rate of 25%. The spot rate was BOB 6.91/$ before it unexpectedly changed to BOB 7.25/$.

a.) What is the value of the Bolivian operations prior to the unexpected change in the spot rate assuming the operations have a 3-year life only? (round to the nearest dollar)

b.)What is the value of the Bolivian operations after the unexpected change in the spot rate assuming the operations have a 3-year life only? (round to the nearest dollar)

c.) What is the foreign exchange operating gain/loss resulting from the unexpected change in the spot rate? (round to the nearest dollar)

d.)What is the impact on the value of the Bolivian operations if the US multinational decided to increase the domestic price to BOB 4.90, which will likely cause a decline in the number of units sold by 75,000?

e.) What is the impact on the value of the Bolivian operations if the US multinational decided to increase the number of units sold by 75,000, which will likely cause an increase in the direct cost per until to BOB 2.55? (round to the nearest dollar)

f.) What percent increase in Bolivian Bolivianao (BOB) (selling) price would be necessary to minimize the effect of the unexpected change in spot on the value of the Bolivian operation, assuming all else remains unchanged? (round your answer)

Working from home (or WFH) has an undeservedly bad reputation, says Stanford economist Bloom. Based on research comparing the productivity of those who are “home working on their couches or in their pajamas” with those commuting and sitting in a cubicle 8 hours a day, Bloom says no one should be afraid to tell their boss they are working at home. Here is the evidence you need to convince your supervisor to let you give it a try. Nicholas (Nick) Bloom is the William Eberle Professor of Economics at Stanford University, a Senior Fellow of SIEPR, and a Co-Director of the Productivity, Innovation and Entrepreneurship program at the National Bureau of Economic Research. His research focuses on management practices and uncertainty. He previously worked at the UK Treasury and McKinsey & Company. He is a Fellow of the American Academy of Arts and Sciences, and the recipient of awards including an Alfred Sloan Fellowship, the Bernacer Prize, the European Investment Bank prize, the Frisch Medal, the Kauffman Medal and a National Science Foundation Career Award. He has a BA from Cambridge, an MPhil from Oxford, and a PhD from UCLA.

So what do you think? Do you want to work from home? Why or Why not? If you are the boss, how would you manage employees working from home?

Cycle Fit Company is a manufacturer of commercial grade exercise bikes that are sold to hotels and health clubs. Maintaining the bikes is an important area of customer satisfaction. Because of increase industry​ competition, Cycle Fit​'s financial performance has suffered.​ However, the introduction of a new model and a predicted upturn in the economy are leading Cycle Fit​'s managers to predict improved performance in 2021. The following income statement shows results for 2020.

Cycle Fit Company Income Statement for the Year Ended December​ 31, 2020 ​(in thousands)

Cycle Fit​'s management team is preparing the 2021 budget and is studying the following​ information:

Question 41. Where are Peyer's patched located in the body?

QUESTION 42

1. The thymus gland increases in size as we age.

   True

   False

2 points   

QUESTION 43

1. Which type of COVID-19 antibodies are clinicians interested in detecting in recovered patients?

   		IgE.
   		IgD.
   		IgA.
   		IgG.

2 points   

QUESTION 44

1. Which type of immunity would occur from a vaccine for COVID-19 based on its genetic sequence?

   		Naturally acquired active immunity.
   		Naturally acquired passive immunity.
   		Artificially acquired active immunity.
   		Artificially acquired passive immunity.

2 points   

QUESTION 45

1. Which describes the ability of an antibody to bind pathogenic components of toxins and block its toxic effects?

   		Inflammation.
   		Opsonization.
   		Neutralization.
   		Agglutination.

2 points   

QUESTION 46

1. Which cell secrete antibodies?

   		Plasma cells.
   		T cells.
   		Dendritic cells
   		Antigen-presenting cells.

2 points   

QUESTION 47

1. All are cardinal signs of inflammation EXCEPT:

   		Swelling.
   		Heat.
   		Pain.
   		Bruising.

2 points   

QUESTION 48

1. Class II MHC molecules are only found on the surfaces of antigen-presenting cells.

   True

   False

2 points   

QUESTION 49

1. Which are a group of 30 plasma antimicrobial proteins that are activated in a series of enzymatic reactions?

   		Complement.
   		Interferons.
   		Immunoglobulins.
   		Lysozymes.

2 points   

QUESTION 50

1. Which type of cells are reduced in AIDS?

   		Helper T cells.
   		Cytotoxic T cells.
   		Memory T cells.
   		B cells.

C. Adidas Inc. had the following balance sheet on September 30, 2019 (in thousands):

Consider the following transactions that occurred during the first half of October 2019 (in thousands):

1. Inventories were acquired for cash, P160.

2. Inventories were acquired on open account, P190.

3. Unsatisfactory shoes acquired on open account in June were returned for full credit, P40.

4. Equipment of P120 was acquired for a cash downpayment of P30 plus a 6-month promissory note of P90.

5. To encourage wider displays, special store equipment was sold on account to Makati area stores for P400. The equipment had cost P400 in the preceding month.

6. Sarah G. starred in a movie and as a favor to an Adidas executive, she agreed to display Adidas shoes in a basketball scene. No fee was paid by Adidas.

7. Cash was disbursed to reduce accounts payable, P170.

8. Collected cash on account, P180.

9. Borrowed cash from a bank, P500.

10. Sold additional common stock for cash to new investors, P900.

• Prepare an analysis showing the effects of the October transactions on the financial position of Adidas.

• Prepare a balance sheet as of October 15, 2019.

Case Problem:

John invents The Night Truck, a mobile night-shop with home delivery service between 8

pm and 6 am.

We are end December 2019 and John needs your help to evaluate this project. The project could generate annual sales of 150.000 € in 2020. The sales could then increase by 10% a year. John anticipates that a new regulation as from 2024 would prevent the sales of

alcohol during the night, meaning that sales would stop on the 31st of December 2023. Cost of sales amounts to 60% of sales.

The project requires a new warehouse as well as two trucks. The initial total investment (in 2019) is estimated at 200.000 € (which can be depreciated linearly over 10 years from 2020 onwards). At the end of 2023, the initial investment could be sold for 92,300 €.

John recently travelled to New York, where the concept already exists, to study the feasibility of the project. This trip cost 5.000 € and will be paid in 2020. In 2020, accounts receivable would increase by 75,000 €, inventories by 25.000 € and accounts payable by 50.000 €. Those accounts will stay stable until 2022, with the exception of inventories which John expects to further increase by 10.000 € in 2022 to meet the increasing demand. At the end of the project, all these amounts would be recovered.

The company is subject to a tax rate of 25%. Assume that all cash flows occur at the end of the year, that the inflation rate is 0% and that the annual risk-free rate is 2% (annually compounded). The risk premium for similar projects is 6% (annually compounded).

Questions:

1) What is a sunk cost? Do you identify such cost for the project?

2) Calculate the incremental net incomes and free cash flows of the project.

3) Which discount rate should you choose to evaluate the project? How do you interpret your answer? What is the main information included in this number?

4) Calculate the NPV of this project? What would you advise to John? Why?

5) What would be the impact of this project on the company’s value (if the project is undertaken...)?

Case Problem:

John invents The Night Truck, a mobile night-shop with home delivery service between 8

pm and 6 am.

We are end December 2019 and John needs your help to evaluate this project. The project could generate annual sales of 150.000 € in 2020. The sales could then increase by 10% a year. John anticipates that a new regulation as from 2024 would prevent the sales of

alcohol during the night, meaning that sales would stop on the 31st of December 2023. Cost of sales amounts to 60% of sales.

The project requires a new warehouse as well as two trucks. The initial total investment (in 2019) is estimated at 200.000 € (which can be depreciated linearly over 10 years from 2020 onwards). At the end of 2023, the initial investment could be sold for 92,300 €.

John recently travelled to New York, where the concept already exists, to study the feasibility of the project. This trip cost 5.000 € and will be paid in 2020. In 2020, accounts receivable would increase by 75,000 €, inventories by 25.000 € and accounts payable by 50.000 €. Those accounts will stay stable until 2022, with the exception of inventories which John expects to further increase by 10.000 € in 2022 to meet the increasing demand. At the end of the project, all these amounts would be recovered.

The company is subject to a tax rate of 25%. Assume that all cash flows occur at the end of the year, that the inflation rate is 0% and that the annual risk-free rate is 2% (annually compounded). The risk premium for similar projects is 6% (annually compounded).

Questions:

1) What is a sunk cost? Do you identify such cost for the project?

2) Calculate the incremental net incomes and free cash flows of the project.

3) Which discount rate should you choose to evaluate the project? How do you interpret your answer? What is the main information included in this number?

4) Calculate the NPV of this project? What would you advise to John? Why?

5) What would be the impact of this project on the company’s value (if the project is undertaken...)?

How to evaluate the performance university????