Questions
1. Suppose the government cuts transfer payments in an economy with an inflationary gap. How would...

1. Suppose the government cuts transfer payments in an economy with an inflationary gap. How would this policy affect bond prices, interest rates, investment, the exchange rate, net exports, real GDP, and the price level? Show your results graphically.

2. Given the nature of the implementation lag discussed in the text, discuss possible measures that might reduce the lag.

3. Federally funded student aid programs generally reduce benefits by $1 for every $1 that recipients earn. Do such programs represent government purchases or transfer payments? Are they automatic stabilizers?

4. The text notes that changes in oil prices can affect the inflation-unemployment outcome. Explain what effect changes in oil prices may have on these two variables.



2. Given the nature of the implementation lag discussed in the text, discuss possible measures that might reduce the lag.

In: Economics

using lunix or C programming to answer this lab please fill in the blanks with the...

using lunix or C programming to answer this lab please fill in the blanks with the answere being highlighted, so i can understand.

First, type the following command:

            sort employee

What is the order that employee is sorted in? ___________________________________________

Give a brief description of how the file is sorted. _____________________________________________________________________________________________________________________________________________________________________________________________________

Now, sort on the field for last name.

        sort +1 employee

Look at the sorted file. Are all the names sorted in alphabetical order? ______________________

Give a brief description of the output.______________________________________________________________________________________________________________________________________________________________________________________________________________

Sort the file again using the following command:

            sort -f +1 employee

What happens when you sorted it this time? ________________________________________________________________________________________________________________________________________________________________________________________________________

Type in:

            sort +3 employee > hired1

Use the cat command to list out the file hired1 to see the results. Are the hire dates sorted in order? _______________  

If not, what has happened? _____________________________________________________________________________________________________________________________________________

Type in:

            sort -n +3 employee > hired2

What is the result of the sort? _______________________________________________________________________________________________________________________________________________

Type in:

            sort -nb +3.4 employee > hired3

What was the result? ________________________________________________________________________________________________________________________________________________

Briefly explain what happened. ____________________________________________________________________________________________________________________________________________

Type in:

            sort +0 +4n employee

What was the result? ________________________________________________________________________________________________________________________________________________

Were both columns sorted? __________________________

Type in the next command.

            sort +0 -1 +4n employee

What were the results of this output. Was the file sorted on both the department and also the salary field?

Subject

Book Title

Author's

Last Name

Author's

First Name

Pub.

Date

Price

UNIX:

Introduction to UNIX:

Wrightson:

Kate:

2003:

45.00:

UNIX:

Just Enough UNIX:

Anderson:

Paul:

2003:

39.00:

UNIX:

Bulletproof UNIX:

Gottleber:

Timothy

2002:

48.00:

UNIX:

Learning the Korn Shell:

Rosenblatt:

Bill:

1994:

35.95:

UNIX:

A Student's Guide to UNIX:

Hahn:

Harley:

1993:

24.50:

UNIX:

Unix Shells by Example:

Quigley:

Ellie:

1997:

49.95:

UNIX:

UNIX and Shell Programming:

Forouzan:

Behrouz:

2002:

80.00:

UNIX:

UNIX for Programmers and Users:

Glass:

Graham:

1993:

50.00:

SAS:

SAS Software Solutions:

Miron:

Thomas:

1993:

25.95:

SAS:

The Little SAS Book, A Primer:

Delwiche:

Lora:

1998:

35.00:

SAS:

Painless Windows for SAS Users:

Gilmore:

Jodie:

1999:

40.00:

SAS:

Getting Started with SAS Learning:

Smith:

Ashley:

2003:

99.00:

SAS:

The How to for SAS/GRAPH Software:

Miron:

Thomas:

1995:

45.00:

SAS:

The Output Delivery System:

Haworth:

Lauren:

2001:

48.00:

SAS:

Proc Tabulate by Example:

Haworth:

Lauren:

1999:

42.00:

SAS:

SAS Application Programming:

Dilorio:

Frank:

1991:

35.00:

SAS:

Applied Statistics & SAS Programming:

Cody:

Ronald:

1991:

29.50:

issue the command:

        sort -n -t: +4 books

What is the result? ________________________________________________________________________________________________________________________________________________

Try another sort using the books file. Sort on the price field in reverse. Type in the following:

        sort -nr -t: +5 books

What was the result? _______________________________________________________________________________________________________________________________________________

Try one more sort, this time saving the sort to a file. This sort will be on two fields. Put it into a new file called newbooks. Type in:

        sort -t: +0 +1 books > newbooks

Look at the file, newbooks. What does the sorted file look like now?

__________________________________________________________________________________________________________________________________________________________________

In: Computer Science

1) A burial mound built by the Etruscans a) dromos b)tumulus c)sarcophagus d)tholos 2)The 5th c....

1) A burial mound built by the Etruscans a) dromos b)tumulus c)sarcophagus d)tholos

2)The 5th c. BC Athenian statesman who commissioned the Parthenon was a)Praxiteles b)Augustus c) Pericles d)Diocletian

3)Multistoried Roman apartments are a)insulae b)citadels c)villas d)forums

4)A public square in a Roman city is a)acropolis b)agora c)forum d)basilica

5) A rectangular Roman building used for public gatherings/governmental function is a)temple b)tumulus c)basilica d)forum

6)An arch extended is a a)cyclopean wall b)barrel vault c)corbelled arch d)groin vault

7)A volcanic eruption in 79 preserved the city of a)Rome b)Ostia c)Pompeii d)Syracuse

8) The Pont du Gard serves as a)bridge b)aqueduct c)both a and b

9)The two main orders of Greek temple design are a)Pompeii and Herculaneum b)Doric and Ionic c)Doric and Corinthian d)Ionic and Corinthian

10) What significant early Christian church located in Rome was commissioned by Constantine a)Hagia Sophia b)Santa Constanza c)Old St. Peter’s d)St. Peter’s and St. Paul’s

11) Etruscans placed temple decoration on the a)roof b) pediments c) frieze d)they did not decorate temples

12) The underground burial sites of the early Christians are called a)insulae b)cemeteries c)catacombs d)tumulus

13)What former Roman city (in Syria) contained both a synagogue and a Christian community house a)Dura-Europos b)Ravenna c)Constantinople d)Rome

14)Romans invented a)concrete b)tufa c)terracotta d)asphalt

15)The sculptor of the Man Scraping Himself/ The Scraper (Apoxymenos) was a)Praxiteles b) Pericles c)Polykleitos d)Lysippos

16)The semicircular recess at one end of a Christian church, usually indicating the location of the altar is a)basilica b)apse c)nave d)baldacchino

17)Thought to be first Christian Roman emperor a)Diocletian b)Constantine c)Trajan d)Augustus

18)The Etruscans lived in a)Greece b)Italy c)Turkey d)France

19) Roman copies of Greek sculptures are a)bronze b)marble c)terracotta d)sandstone

20) Macedonian leader who expanded the borders of the Greek world a)Pericles b)Alexander the Great c)Augustus e)Julius Caesar

21) A stone coffin a)tumulus b)tufa c)sarcophagus d)insula

22) Roman architect/engineer who described a typical Etruscan temple a)Augustus b)Vitruvius c)Palladio d)Virgil

23) Roman emperor who returned to Rome with treasures from Jerusalem a)Vespasian b)Hadrian c)Titus d)Diocletian

24) The last period of Greek art and architecture is known as a)Archaic b)Classical c)Hellenistic d)Geometric

25)Greeks would put sculpture on the a)pediments b)metopes c)frieze d)all of the above

26)The Greeks exaggerated features in their art (muscles and anatomy) A) True B) False

27)The top of a column is a a)styobate b)pediment c)capital d)metope

28) In early Christian Art, a figure with both hands raised a)worshipper b)plebe c)orant

d)believer

29) The Etruscans came/lived before the Romans A) True B) False

30) Early images of Jesus in art show him as a shepherd A) True B) False

In: Psychology

1. Match the following situations with the correct test statistic distribution. Provide the correct test statistic...

1. Match the following situations with the correct test statistic distribution. Provide the correct test statistic you would use (or what type of test). Provide an explanation as to why this is the correct distribution or test. (2 points)

A.

normal distribution

B.

t distribution with 29 degrees of freedom

C.

t-distribution with 70 degrees of freedom

D.

Chi-square with 2 degrees of freedom

E.

Chi-square with 1 degree of freedom

Match

Question Items

__ ___

A.

The sponsors of televisions shows targeted at the market of 5 – 8 year olds want to test the hypothesis that children watch television at most 20 hours per week. The population of viewing hours per week is known to be normally distributed with a standard deviation of 6 hours. A market research firm conducted a random sample of 30 children in this age group.

Test statistic:

Explanation:

_ ___

B.

A sample of 30 cookies is taken to test the claim that each cookie contains at least 9 chocolate chips. The average number of chocolate chips per cookie in the sample was 7.875 with a standard deviation of 1. Assume the distribution of the population is normal.

Test statistic:

Explanation:

______

C.

A fast food restaurant is considering a promotion that will offer customers to purchase a toy featuring a cartoon movie character. If more than 20% of the customers purchase the toy, the promotion will be profitable. A sample of 30 restaurants is used to test the promotion.

Test statistic:

Explanation:

______

D.

Independent simple random samples are taken to test the difference between the means of two populations whose variances are not known. The sample sizes are n1 = 32 and n2 = 40.

Test statistic:

Explanation:

______

E.

A school administrator believes that there is no difference between student dropout rate for schools located in rural areas and schools located in urban areas. A random sample of 100 schools in the rural areas was taken. The student dropout rate of the schools in the sample was 27%. A random sample of 80 schools in the urban areas had a dropout rate of 20%.

Test statistic:

Explanation:

______

F.

In 2003, forty percent of the students at a major university were Business majors, 35% were Engineering majors and the rest of the students were majoring in other fields. In a sample of 600 students from the same university taken in 2004, two hundred were Business majors, 220 were Engineering majors and the remaining students in the sample were majoring in other fields. At 95% confidence, test to see whether there has been a significant change in the proportions between 2003 and 2004

Test statistic:

Explanation:

______

G.

Dr. Sherri Brock’s diet pills are supposed to cause significant weight loss. The following table shows the results of a recent study where some individuals took the diet pills and some did not.

Diet Pills

No Diet Pills

Total

No Weight Loss

80

20

100

Weight Loss

100

100

200

Total

180

120

300

             We want to see if losing weight is independent of taking the diet pills.

Test statistic:

Explanation:

In: Statistics and Probability

Q1. Please explain what role administrative agencies play in our government and the steps for how...

Q1. Please explain what role administrative agencies play in our government and the steps for how rules and regulations are made in those agencies. Do you think they should be a fourth branch of government and why or why not?

Q2. On February 1, 2004, CBS presented a live broadcast of the National Football League’s Super Bowl XXXVIII, which included a halftime show produced by MTV Networks. Nearly 90 million viewers watched the Halftime Show, which began at 8:30 p.m. Eastern Standard Time and lasted about 15 minutes. The Halftime Show featured a performance with Janet Jackson and Justin Timberlake as a “surprise guest” for the final minutes of the show.

Timberlake and Jackson performed his popular song “Rock Your Body” as the show’s finale. Their performance, which involved sexually suggestive choreography, portrayed Timberlake seeking to dance with Jackson, and Jackson alternating between accepting and rejecting his advances. The performance ended with Timberlake singing, “gonna have you naked by the end of this song,” and simultaneously tearing away part of Jackson’s bustier. CBS had implemented a five-second audio delay to guard against the possibility of indecent language being transmitted on air, but it did not employ similar precautionary technology for video image. As a result, Jackson’s bare right breast was exposed on camera for nine-sixteenths of one second.

On September 22, 2004, the Commission issued a Notice of Apparent Liability, finding that CBS had apparently violated federal law and FCC rules restricting the broadcast of indecent material. After its review, the Commission determined that CBS was liable for a forfeiture penalty of $550,000 because its actions were willful.

CBS filed with the FCC for a reconsideration, which was denied. CBS then appealed the case to the federal Court of Appeals on the grounds that the finding of willful as well as the penalty were arbitrary and capricious and violated First Amendment rights. Based on the Fox Television Station’s case, what do you think the decision should be and why?

Q3.The U.S. Supreme Court has been deciding some cases involving Intellectual property rights (patents, trademarks, or copyrights), which has been a hot topic. Your assignment is to locate any article, case, etc. dealing with an infringement of one's intellectual property rights - you cannot use any of the cases discussed in the textbook's chapter. Then you will post your answer citing your source, summarizing the infringement issue and how the court or parties resolved the matter. You also need to address the following question. How has this infringement/result impacted society today?

Q4. A small brewery in New York called Empire Brewing Company manufactured a brand of beer called "Strikes Bock." For seven years, the brewery served the beer only on tap. With the intention of bottling and selling the beer in stores, Empire Brewing sought a trademark for "Strikes Bock." Lucasfilm opposed the trademark registration maintaining that it could cause confusion with its famous film, "The Empire Strikes Back." What is the probable outcome and why?


In: Operations Management

Question 1 - Capital structure Accommodate plc is a hospitality company that owns a chain of...

Question 1 - Capital structure

Accommodate plc is a hospitality company that owns a chain of hotels in the UK. The company is considering the acquisition of a number of fitness centres to expand its operations. The Finance Director has been asked to evaluate the project.

The investment would cost £20 million, which would be payable immediately. The investment is expected to generate pre-tax earnings of £1.2 million for the first year, £2.3 million for the second year, and £2million for each year thereafter.

The investment will be financed by 30% equity and 70% debt, which is in line with Accommodate’s existing capital structure. Due to a government initiative, some of the debt will be raised by a subsidised loan, however, the details are yet to be determined.

Accommodate’s current weighted average cost of capital (WACC) is 9%, and their pre-tax cost of debt is equal to the risk-free rate of 2%. The expected market return is currently 6%.

The Finance Director of Accommodate plc has obtained the equity and debt betas and the gearing ratio of a proxy company, for the purposes of project appraisal, these are: -

Equity

Debt

Gearing ratio

beta

beta

(debt: equity)

Active plc

1.2

0

1:2

Assume that the marginal rate of corporate tax is 20%.

Required:

  1. Calculate the risk-adjusted WACC for Accommodate plc using Active plc as a proxy company.       

  1. Calculate the NPV for the project, using the risk-adjusted WACC as the cost of capital. Suggest whether the project should be accepted.

  1. Describe the benefits and limitations of using the WACC, risk-adjusted WACC and adjusted present value approaches to appraise the project. (Maximum wordcount: 240 words)

In: Finance

Foreign direct investment (FDI) is an investment made by a firm or individual in a country...

Foreign direct investment (FDI) is an investment made by a firm or individual in a country into business located in another country. FDI happens when an investor establishes a business in another country separate from his home country. Or a business owner could acquire foreign business assets, including establishing ownership or controlling interest in that company. Foreign direct investments are distinguished from portfolio investments in which investors can purchases equities of foreign-based companies. Foreign direct investments are commonly made in open economies that offer a skilled workforce and above-average growth for the investor, as opposed to tightly regulated economies. Foreign direct investment frequently involves more than just a capital investment. It may include provisions of management or technology as well. The key feature of foreign direct investment is that it establishes either effective control of, or at least substantial influence over, the decision-making of a foreign business.

Foreign direct investments can be made in a variety of ways, including the opening of another company in a foreign country, acquiring and controlling an existing foreign company, or by means of a merger or joint venture with a company.The threshold for a foreign investment is a minimum 10% ownership stake in a foreign-based company. However, that definition is flexible, there are instances where a firm can be established with less than 10% of the company's shares.

Singapore, US and UK are among the leading sources of FDI. Based on data that the FDI flows were $10.4 billion, which is a drop of 43% from the first half of last year

Please respond in 100-150 words

In: Economics

Discos plc is negotiating an export contract with a customer in a developing country, Xeridia. Discos...

Discos plc is negotiating an export contract with a customer in a developing country, Xeridia. Discos have not exported to the country before, and is concerned both about the risk of late or non-payment for the exports, and about the foreign exchange risks associated with the Xeridian peso. The contract specifies that Discos should receive 55 million Xeridian pesos in three months’ time. Discos will require short-term finance for the full value of the exports.

Exchange rates (peso/£)

Spot 32·34 – 32·89

3 months forward 33·82 – 34·55

6 months forward 35·17 – 35·90

Current short-term UK interest rates available to Discos plc:

Borrowing 6·5%

Investing 5·3%

Discos is considering to protecting against the foreign trade risk through forward market hedge. An insurance policy is available at a cost of 1·25% of the spot Sterling equivalent of the export value. The policy gives the following protection: 95% cover against non-payment as a result of political actions by a foreign government; 90% cover against other nonpayment. Any payment by the insurer would be after six months.

Discos have been advised that there is at least a 5% chance of late payment after six months or default by the client. The Xeridian government is not expected to take any action that is detrimental to foreign trade during the next six months.

Required:

Discuss the one advantage and a disadvantage of the alternative. State clearly any assumptions that you make.

Compute the expected returns if Discos defaulted

In: Finance

Events after the reporting period ★LO6 Cat Ltd operates a fleet of fishing trawlers. The following...

Events after the reporting periodLO6

Cat Ltd operates a fleet of fishing trawlers. The following events took place after the end of the reporting period, 30 June 2019, but before the date the accounts were authorised, 15 September 2019.

On 17 July 2019, Cat Ltd’s main fishing fleet was sunk during a freak storm. Insurance will cover the replacement of the vessels but lost sales representing $550 000 in profits are not covered.

On 19 July 2019 Cat Ltd took delivery of a fishing net for its prawn trawler. The net was purchased from a UK manufacturer on delivered duty paid shipping terms and was in transit at the end of the reporting period. An inspection of the net revealed significant structural flaws and the net was returned to the supplier on 28 July 2019. Cat Ltd is to receive a full refund of the $650 000 purchase price which had been paid in advance on 29 June 2019.

On 29 August 2019 a lawsuit was lodged against the company by the families of crew members drowned in the 17 July storm, alleging negligence, and claiming $4 million in damages. No date has as yet been set for the court hearing.

On 1 September 2019 the directors resolved to issue to the public 10 000, 5% debentures of $10 each, payable $5 on application and $5 on allotment.

Required

Classify each event as an adjusting or non-adjusting event after the end of the reporting period. Explain your decisions.

In: Accounting

Chapter 7:   Central University of Illinois has a newly appointed president, Catherine Husker. This has been...

Chapter 7:  

Central University of Illinois has a newly appointed president, Catherine Husker. This has been a challenging budget year due to the difficulties of getting a state budget passed in the State Legislature. It appears from all reports that the budget that may get passed will be only 90% of last year’s state appropriations for the University. This means the University will have to cut their own operating budget for next year because of the State’s expected reduction in appropriations to higher education.

Husker just had a meeting with the athletic director of the university, Gareth Connor, to discuss the budget for the athletic department. Central University has been a men’s football and basketball powerhouse for the last several decades. However, the women’s athletic program has had less success. Last year, though, the women’s basketball team was one of the team’s selected to participate in the NCAA Women’s Basketball Competition through an “at-large bid” due to their outstanding season.

Connor and Husker discussed the 2018 Athletic Department budget, which Connor believed was the final draft. The meeting did not go well. In fact, it went terribly.   Husker discussed four grave concerns she had about the Athletic Department budget and requested Connor to review and revise the budget in light of her concerns below. Draft II of the budget is due in two weeks time.

Concern 1: The Athletic Department is budgeting a loss of over $3 million. Given the tight fiscal position of the university, this outcome is unacceptable to Husker. A budgeted loss of $1 million is the most she will tolerate for 2018. By 2019 the Athletic Department has to operate with a balanced budget. She tells Connor this is nonnegotiable.

Concern 2: The low allocation of money to the women’s athletic program. Fox Valley News, a tabloid television show, recently ran a program titled “It’s a Man’s World at Central University Athletics’ Program.” Husker said Connor is treating woman athletes as “third-class citizens.”

Concern 3: The low academic performance of the men’s football athletes, many of whom have full scholarships. She notes that the local TV news recently ran an interview with three football-team students, only one of which “exemplified the high academic credentials she wants Central to showcase to the world.” As for the other two students, she calls one student “incoherent” and another “incapable of stringing sentences together.”

Concern 4: The outrageous salary paid to “Bull” Mason, the football coach. She notes it is twice that of the highest paid academic person on campus, a Nobel Prize winner. Moreover, Mason receives other payments from his “Football the Central Way” summer program for high school students.

Below is Draft I of the Athletic Department budget:

Central University 2017 Athletic Department Budget ($ millions)

Revenues:

         Men’s athletic programs                    $10.350

         Women’s athletic programs                   0.780

         Other (endowment income, gifts)           3.400      $14.530

Costs:

         Men’s athletic programs                    $11.040

         Women’s athletic programs                   2.800

         Other (non-assigned to programs)*         3.700      17.540

Operating Income                                                        $( 3.010)

*Other non-assigned programs include rugby, soccer and volleyball

Men’s Athletic Programs:

                           Football      Basketball       Swimming             Other       Total

Revenues              $8.600        $1.500            $0.100    $0.150   $10.350

Costs                    7.400            2.700              0.300      0.640     11.040

Full Scholarships         37                         21                 6                4       68

Women’s Athletic Programs:

                                             Basketball       Swimming             Other       Total

Revenues                                $0.600            $0.080    $0.100   $ 0.780

Costs                                        1.800              0.200      0.800       2.800

Full Scholarships                            11                 4                2       17

REQUIRED:

Connor will be holding a half-day meeting with key officials of the Athletic Department (of which your team are some of these key officials) to discuss the university president’s concerns. In order for your team of officials to be prepared to discuss the concerns of the president at this meeting, please answer the following questions prior to the meeting.

Questions:

Who are the stakeholders? (Worth 4 pts.)

The Athletic Department is operating at a loss. What are some of the ways the Department can increase revenues? Are there any potential pitfalls or problems with any of your ideas? (Worth 6 pts.)

Are there any ways that the Athletic Department can decrease costs? Are there any potential pitfalls or problems with any of these suggestions? (Worth 6 pts.)

What are some of the gender issues that Husker raised and how would you attempt to address them? (Worth 4 pts.)

In: Accounting