Socialization is defined as the process by which the individual internalizes the norms, values and beliefs of their social world. The socialization process occurs throughout the life course of the individual and is influenced by agents of socialization, which include a variety of social institutions and daily social interactions.

Think about how you have been influenced by agents of socialization throughout your life. Consider how you have been molded and shaped through years of socialization.

In an essay, compare and contrast how agents of socialization impacted your life when you were a high school student and now as a college student. Be sure to define the term agents of socialization and identify the specific categories of agents of socialization in your response.

CEOs are hired to maximize the present value of the firm. To date, we have explored some of the challenges associated with this conflicting endeavor. The emphasis on short-term gains at the expense of long-term vitality is real. The President of the US stated that he wanted to open the country back up for business by Easter Sunday. What is more, Liberty University President just announed on 3/25/20 that he is opening the school back up to some 5,000 students. Your assignment is to evaluate our current economic model and capital market structure to determine if CEOs have the proper incentives to do the right thing for their shareholders. Are compensation models encouraging CEOs to take more risks than warranted?

Mark Anderson, a 36 year old married male, will be sent to India to work in the sales office of your medium sized manufacturing facility that produces professional and causal clothing for women. My staffing approach is geocentic – Mark’s position is head of international sales in the sales office. Mark will take is wife Susan who is an elementary school teacher and their son, David who is in the 7th grade. Mark’s assignment is for 3 years. He and his family will then move back to the company’s headquarters to work.

You will need to develop a plan for: Pre-departure training for Mark and his family.

In-country training for Mark and his family.

Repatriation program for Mark.

Position and compensation for Mark upon ending his assignment.

Investment Outlay

Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $11 million, and production and sales will require an initial $3 million investment in net operating working capital. The company's tax rate is 25%. Enter your answers as a positive values. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Round your answers to two decimal places.

1. What is the initial investment outlay?

   $ ____ million

2. The company spent and expensed $150,000 on research related to the new project last year. What is the initial investment outlay?

   $ ____ million

3. Rather than build a new manufacturing facility, the company plans to install the equipment in a building it owns but is not now using. The building could be sold for $1.8 million after taxes and real estate commissions. What is the initial investment outlay?

   $ ____ million

A portfolio is composed of two stocks, Air New Zealand and BP. Air New Zealand has a standard deviation of return of 28%, while stock BP has a standard deviation of return of 16%. Air New Zealand 40% of the portfolio, while stock BP comprises 60% of the portfolio. If the variance of return on the portfolio is .045, what is the correlation coefficient between the returns on A and B?

Firm CWBY needs to raise $4.2 billion dollars of new equity to fund new investments. The current market price of CWBY’s stock is $4.25 per share. There are currently 1 billion shares outstanding. The firm wants to conduct a 4 for 3 rights offer. The price per share in the offer will be $3.15 per new share. If we assume 100% subscription rate, what is the value of each right? What will be the impact on the market price of the stock?

Suppose a middle-class consumer chooses to buy a new small car instead of a new big car, even though the annual risk of fatality in the small car is larger (3 in 10,000 instead of 2 in 10,000). Suppose the annual car payments for the small car are $400 less than the annual payments for the big car. On the basis of revealed preference, can we safely conclude that the consumer is willing to pay no more than $400 for a 1 in 10,000 reduction in the risk of fatality? Explain your answer.

3.       ‘Myrto’ Cosmetics Ltd has decided to open a new shop in Leeds. A new bank account will be opened on 1 April 2012.

The following is a summary of the expected transactions for the first three months:

1. ‘Myrto’ transferred £55,000 capital in April into the new shop bank account.
2. The shop expects to sell items worth £8,000 in April, £9,000 in May and £10,000 in June. In each month 80% of the sales will be in cash and 20% will be on credit to account customers. The account customers will receive two months credit and will settle their account two months following the sale. No bad debts are expected.
3. The shop will make purchases of £4,000 in April, £4,500 in May and £5,000 in June. At the end of June goods costing £2,000 will remain in inventory. All purchases will be made on two month’s credit.  
4. Furniture will be purchased in April for £18,000 and paid on delivery. These items are expected to last for 5 years with £2,000 scrap value at the end of that period.
5. £3,000 is paid in April for insurance for the three month period: April-June 2012.          
6. Other operating expenses of £7,000 each month are payable in the month following the month incurred.

Required:

1. Prepare a cash flow forecast (cash budget) for the three months ending 30 June 2012.
2. Prepare a forecast income statement for the three months ending 30 June 2012.
3. Advise ‘Myrto’ Cosmetics on the key issues that have emerged from the financial information you have prepared.

Critically examine the usefulness to business managers of cash flow forecasts (cash budgets).