The pier in Santa Monica, CA, is a popular destination for both tourists and locals. Visitors ride the Ferris wheel (F), eat ice cream (C), or just walk around on the pier (W). Write a dynamical model for the numbers of people engaged in these activities given the following assumptions. (Hint: Start by drawing a diagram of this system and labeling the stocks and flows. People entering the pier always start by just walking around. E people enter the pier each minute. Visitors leave at a constant per capita rate d. They can leave only when they are walking around. Due to fear of nausea, people do not go directly from eating ice cream to riding the Ferris wheel. Visitors prefer to go on the Ferris wheel with friends. Thus, the probability that any one individual will go on the Ferris wheel is proportional to the number of people walking around, with proportionality constant b. Riders leave the Ferris wheel at per capita rate n. When visitors leave the Ferris wheel, a fraction z of them go directly to eating ice cream. The others walk around. Visitors who are walking around prefer to avoid long lines for ice cream. Thus, the per capita rate at which they get ice cream is proportional to the inverse of the number of people already doing so, with proportionality constant m. People who are eating ice cream stop doing so at a constant per capita rate k.

Create a catchy and short title for this blog down below. It has to be short, catchy and creative.

Where would anyone get the most up-to-date news on their favorite restaurants, public schools or local shops during the Coronavirus? If I were to take an actual poll (which will be run through my social media), most would likely say it would be on Instagram, Twitter, and Facebook. I was following one of my favorite bands on Instagram one day, I noticed they have canceled their entire tour due to the Coronavirus. I went to Ticketmaster.com to see if their post on Instagram was true. Unfortunately, the concert was postponed until a later date. The date is still to be determined.  

Starbucks has used Instagram as their platform to inform the public of the changes they have done to better serve the committee and to protect its employees from further spreading this virus. Starbuck’s Instagram post from March 26, 2020 states, “Thank you to the healthcare workers and first responders who are working tirelessly to keep our communities safe. Inspired by the generosity of our partners (employees), we are offering all front-line responders a free tall iced or hot brewed coffee at participating stores in the US.”  

West Contra Costa Schools used Facebook as their platform to announce changes in the education and services for K-12 schools in Contra Costa County, California. A post from March 27, 2020, shows a schedule and location list for student meal pick-ups for students during the stay-at-home order from the state of California. They included the list to be read in English and in Spanish due to the demographics of the county. They have also included other posts like board meeting schedules. Which these meetings were conducted through Facebook Live.

Nintendo used Instagram as their platform to release information about the new Nintendo Direct Mini set to release on March 26, 2020. At the beginning of the video post, it states, “Please note due to COVID-19, release dates and other information presented in this video are subject to change. For potential updates, please check the official Nintendo website and social media channels, as well as those of other publishers. Our hearts go out to all those impacted by COVID-19 during this challenging time.”

I have seen many companies post condolences to those impacted by COVID-19. They even share some employee accomplishments during the stay-at-home order to make it personable. During this time everyone is either feeling really motivated to try something new or tired of being in one place at all times. Posts on social media really help us get in touch with others around the world to “venture out”. How would you use social media as a PR objective for your company? Either as strictly informational, use for productivity or make it personable?  

In Year 1, Goodnight Sleep Company began to receive complaints from physicians that patients were experiencing unexpected side effects from the company’s sleep apnea drug. The company took the drug off the Market near the end of Year 1. During Year 2, the company was sued by 800 customers who had a severe allergic reaction to the company’s drug and required hospitalization. At the end of Year 2, the company’s attorneys estimated a 62% chance the company would need to make payments in the range of $2,500 to $7,000 to settle each claim, with all amounts in that range being equally likely. At the end of Year 3, while none of the cases had been resolved, the company’s attorney now estimated an 80% probability the company would be required to make payments in the range of $3,000 to $10,000 to settle each claim with all amounts in that range being equally likely. In Year 400 claims were settled at a total cost of $2.5 million. Based on this experience, the company believes 30% of the remaining cases will be settled at $5,500 each, 50% will be settled for $6,000 each and 20% will be settled for $6,200 each. Required: Prepare the journal entry (in good format) for Years 1 – 4 related to this litigation.

Case Study 4

A relational database is to be designed for a medium sized Company dealing with industrial applications of computers. The Company delivers various products to its customers ranging from a single application program through to complete installation of hardware with customized software. The Company employs various experts, consultants and supporting staff. All personnel are employed on long‐ term basis, i.e. there is no short‐term or temporary staff. Although the Company is somehow structured for administrative purposes (that is, it is divided into departments headed by department managers) all projects are carried out in an inter‐disciplinary way. For each project a project team is selected, grouping employees from different departments, and a Project Manager (also an employee of the Company) is appointed who is entirely and exclusively responsible for the control of the project, quite independently of the Company's hierarchy.

Description: The following is a brief statement of some facts and policies adopted by the Company.

• Each employee works in some department.

• An employee may possess several skills

• Every manager (including the MD) is an employee

• A department may participate in none/one/many projects.

• At least one department participates in a project.

• An employee may be engaged in none/one/many projects

• Project teams consist of at least one member.

Standard deduction for individual: $12,000

Standard deduction for married couples filing jointly: $24,000

Quantitative Problem: Jenna is a single taxpayer. During 2018, she earned wages of $116,000. She doesn't itemize deductions, so she will take the standard deduction to calculate 2018 taxable income. In addition, during the year she sold common stock that she had owned for five years for a net profit of $7,900. How much does Jenna owe to the IRS for taxes? Do not round intermediate calculations. Round your answer to the nearest cent.

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Corporate

Corporations earn most of their income from operations; however, they may also receive interest and dividend income..(Blank) income is taxed as ordinary income; however, income is taxed more favorably. 50% of (Blank) received is excluded from taxable income, while the remaining 50% is taxed at the ordinary tax rate. For businesses, (Blank) payments are regarded as an expense so they are tax deductible; however, (Blank) payments are not tax deductible. Consequently, our tax system encourages (Blank) financing over (Blank) financing. Depreciation expense is tax deductible, so the larger the depreciation, the (blank) the taxable income, the (Blank) the taxes, and the (Blank) the firm's operating cash flow.

Quantitative Problem: Andrews Corporation has income from operations of $237,000. In addition, it received interest income of $23,700 and received dividend income of $29,600 from another corporation. Finally, it paid $10,700 of interest income to its bondholders and paid $44,100 of dividends to its common stockholders. The firm's federal tax rate is 21%. What is the firm's federal income tax? Do not round intermediate calculations. Round your answer to the nearest dollar.

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Insurance companies pay for (or cover) health services for employed people who have insurance. What group decides what services will be paid for? A) Federal government B) State government C) Company that issues the insurance policy D) Employer who purchases the insurance

Who is ultimately responsible for setting high quality standards for a business? Choose a company you are familiar with and explain who deserves credit, or takes the blame, when production exceeds (or fails) a high quality standard. Is it fair that they have so much responsibility? Why or why not?

Austin Peay State, a university near Nashville, Tennessee, is applying a data-mining approach to higher education. Before students register for classes, a robot looks at their profiles and transcripts and recommends courses in which they are likely to be successful or have higher chances of success. The software takes an approach similar to the ones Netflix, eHarmony, and Amazon use to make their recommendations. It compares a student’s transcripts with those of past students who had similar grades and SAT scores. When a student logs in, the program offers 10 “Course Suggestions for You.” This recommendation is based on the student’s major and other information related to that student. The goal is to steer students toward courses in which they will make better grades. According to Tristan Denley, a former programmer turned math professor turned provost, students who follow the recommendations do substantially better. In the fall of 2011, 45 percent of the classes that students were taking had been on their top 10 recommendations list. This data-mining concept is catching on. Three other Tennessee colleges now use Denley’s software. Institutions outside the state are developing their own versions of the idea.

1. What are the benefits and drawbacks of this approach to course recommendations?
2. Are there any data that should or should not be included in data mining for this purpose? Why or why not?

1. Assume the following accounts and amounts were   

    reported by a nation last year. Government Purchases of Goods and Services were US$5.5        

    Billion; Personal Consumption Expenditure were US$40.5 Billion; Gross Private Domestic   

    Investment amounted to US$20 Billion; Capital Consumption Allowances were US$4 Billion;

    Personal Savings were estimated at US$2 Billion; Imports of Goods and Services amounted

    US$6.5 Billion; and exports of Goods and Services were US$5 Billion.

1. Determine the nation’s Gross Domestic Product (GDP).
2. How would your answer change if the Dollar amounts of imports and exports were reversed?

b.Describe the MI definition of the money supply and indicate the relative significance of the MI components.

Kitchen Envy produces cabinets to order. It is a mature business that earned EBITDA of $950,000 on revenues of $6million in the most recent year and is expected to continue to generate these figures in perpetuity. The company is considering carrying some of its most popular models in inventory, with an eye on increasing sales and operating profits. It has collected the following information:

• With the inventory, the company expects its annual revenues to increase to $7.7 million and its overall EBITDA margin (EBITDA as % of sales) to increase to 20%.

• For the next decade, the inventory will be maintained at 11% of total revenues, with the investment made at the start of each year. The inventory will be sold for book value at the end of 10 years.

• The cost of capital for the company is 11% and it faces a 40% tax rate.

A. Estimate the NPV of the project (carrying inventory) assuming at ten-year life for the investment.

B. Estimate the breakeven EBITDA margin for the company, for the investment to have a zero NPV, if you now assume that the project lasts forever