2.       Use the equation of exchange (M^s x V = P x Y) to answer the following:                 15 pts

If Ms rises what would the Keynesians say will happen, all other things equal?

If the government cuts taxes to promote spending what would the Keynesians say would happen, all other things equal?

If Y starts to fall then what would the Keynesians say would happen, all other things equal?

3.         Equilibrium GDP is $5000 while full employment is $6000.                                   20 pts

What kind of gap is this?

What would the Keynesians say the government should do?

The correct economic policy would cause Aggregate (Demand or Supply) to (rise or fall)?

In Harmon v. Delaware Harness Racing Commission, the plaintiff (Harmon) sued the Commission to be reinstated in his job as Presiding Judge of harness racing. Explain why Harmon was suspended from his job, what promise was made to him and why the Commission refused to give him his job back. Further, the court noted that the Commission did not have a contract with Harmon to reinstate him, what legal theory did the court reference in finding in his favor and what are it's legal requirements?

Consider the step potential
V (x) = 0 x ≤ 0 (I)

= V0 x > 0 (II) .
(a) What does the wave function for the scattering problem with 0 < E < V0 look like in regions I and II? (Write the equation for the wave functions, including only terms with non-zero coefficients.)
(b) What are the boundary conditions for the wave function and its derivative at x = 0? Define constants you are using (e.g., κ, k, l or whatever else you are using).
(c) Find the reflection coefficient.

(a) Construct the P-V graph for the Carnot cycle operating between 700 and 200 ^oC if isothermal expansion of water vapor occurs between 1 and 8 L/mol. Determine the relevant quantities of heat, work, energy and entropy. Compare the results obtained using the IGL and the NIST database.

In Brown v. Board of Education (1954), the Supreme Court ruled that racial segregation in public schools violated the Equal Protection Clause of the Fourteenth Amendment because "separate is inherently unequal." Does this mean that schools should be legally required to have racially balanced student populations? In other words, should the racial composition of the school be required to match the racial composition of the surrounding area's population (i.e., if the county is 60% white, 30% Hispanic, and 10% black, should each school in the county be required to approximate those percentages in its student population?)? Why or why not?

In the case Las Vegas Sands v. Nehme, reported on page 380 of your textbook, the casino's "marker" was found by the court to be a negotiable instrument. The Venetian (a hotel owned by Las Vegas Sands LLC) was then allowed to sued Nehme for not paying a negotiable instrument. In a 500 word paper discuss the required elements for a negotiable instrument. Is it feasible that the casino marker contained all of these elements? Explain whether or not you think that gambling casinos should be able to advance credit to gamblers. From what you know about how alcohol affects a person's capacity to contract, is the fact that most gamblers are also consuming alcohol a factor in your decision? Do you think people would not gamble as much if casinos did not offer "markers?"

The performance for a power factor of 1 of a 200KVA, 3000/380 V single phase transformer is 0.98 for both full load and medium load. The vacuum power factor is 0.2 and the voltage drop at full load with a power factor of 0.8 is 4%. Determine the parameters of the equivalent circuit of the transformer referred to the primary side.

v

You are a small feedlot owner. You have 250 steers that you are feeding that you expect to slaughter in late November. They should weigh 1250 pounds at slaughter. You want to hedge about half of these steers. Create a trade for the Chicago Mercantile Exchange in a word document. Include the date, contract size, and long or short. (Hint: the Live Cattle contract is for slaughter cattle and each contract is 40,000 lbs.)

You have enough corn on hand to feed these steers. However, after you sell them in November, you will be buying more calves to feed and you need to buy corn for them. You want to protect against possibly higher corn prices by executing a long hedge. (Assume you need 15,000 bushel of corn, three contracts.) Do the same for this contract, date, size and long or short, in the same document.

I need Answers to Question from P - V!

I know it's a lot but they are all small questions related to the same case so I didn't know how to split it into multiple questions. I would really appreciate the help, as I need a way to compare my answers.

Dallas & Associates Financial Statement Preparation & Analysis

You have been hired as a senior financial analyst for Dallas and Associates and you are in charge of preparing the financial statements and presenting an annual analysis at the board meeting.

Overview of Dallas & Associate’s Balance Sheet

The assets of Dallas & Associates in 2017 have both current assets and net plant and equipment. It has total assets of $ 7.5 million and net plan and equipment equals $5 million. Dallas & Associate’s only finances with $2.5 million long-term debt, $500,000 notes payable and total common equity of $3.5 million. The firm does have $400,000 accounts payable and $600,000 accruals on its balance sheet. Now assume the firm’s current assets consist entirely of cash and cash equivalence, account receivables and inventories. If it has 1.5 million cash and cash equivalents and $400,000 account receivables.

Dallas & Associates Income Statement in 2017 (dollars are in millions)

Use the above information to answer the following questions. Make sure to include the calculation steps/ formula.

Questions:

a. Prepare the balance sheet.

b. What is the amount of total liabilities and equity that appears on the firm’s balance?

c. What is the amount of current assets?

d. What is the balance of current liabilities?

e. What is the amount of company’s inventory?

f. What is the amount of total liabilities?

g. What is the amount of total debt?

h. What is the amount of total capital?

i. What is the amount of net working capital?

j. What is the amount of net operating working capital?

k. If by the end of 2017, the retained earnings of John and Jon is $2.5 million, what is the amount of paid-in capital?

l. If John & Jon decides to purchase $500,000 market securities by using its cash, how does this action would affect its current asset position?

m. As the Income of Statement shows in 2017 Dallas associates actually gave out $2 million cash dividends, what is the amount of retained earnings?

n. What is the amount of operating income?

o. What are the operating margin and the profit margin?

p. What is the average length of time that Dallas associates must wait after making a sale before it receives cash?

q. What is the ratio we generally use to estimate a firm’s ability to meet its annual interest payments? And calculate that ratio for Dallas associates.

r. What are the fixed assets turnover ratio and the total asset turnover ratio?

s. What is the ratio of total debt to total capital?

t. What is the ratio of return on common equity?

u. Assume between 2016 and 2017, net operating working capital has increased by $500,000, calculate Dallas & Associates free cash flow. (Hint: use this formula. FCF = [EBIT (1-T) +Depreciation & Amortization] – [Capital Expenditures + Change on Net Operating Working Capital])

v. Now after you present your analysis on the meeting, the CEO would like to see higher sales and a forecasted net income of $10.8 million. Assume that operating costs (excluding depreciation and amortization) are still one third of sales and that depreciation and amortization and interest expenses will increase by 10%. The tax rate which is 40%, will remain the same. What level of sales would generate $10.8 million in net income?

THANK YOU!

3. An inductor/resistor circuit is powered by a direct current EMF of 3.00 V until the inductor is fully powered. The decay coefficient of the circuit is 2.15 ms. The inductor has a value of 140 mH.

a) After the EMF is turned off, how long does it take the current in the circuit to drop from a max of 46.2 mA to 11.5 mA?

b) What is the value of the resistor?

c) If the inductor has a length of 0.75 cm and 3000 loops, what is its cross sectional area?