SY Manufacturers (SYM) is producing T-shirts in three colors: red, blue, and white. The monthly demand for each color is 1,457 units. Each shirt requires 0.75 pound of raw cotton that is imported from the Luft-Geshfet-Textile (LGT) Company in Brazil. The purchasing price per pound is $8.30 (paid only when the cotton arrives at SYM's facilities) and transportation cost by sea is $0.70 per pound. The traveling time from LGT’s facility in Brazil to the SYM facility in the United States is two weeks. The cost of placing a cotton order, by SYM, is $51 and the annual interest rate that SYM is facing is 21 percent of total cost per pound.

a. What is the optimal order quantity of cotton? (Round your answer to the nearest whole number.)

b. How frequently should the company order cotton? (Round your answer to 2 decimal places.)

c. Assuming that the first order is needed on 20-Jan, when should SYM place the order?

• 6-Jan

• 20-Jan

• 3-Feb

d. How many orders will SYM place during the next year? (Round your answer to 2 decimal places.)

e. What is the resulting annual holding cost? (Round your answer to the nearest whole number.)

f. What is the resulting annual ordering cost?

g. If the annual interest cost is only 5 percent, how will it affect the annual number of orders, the optimal batch size, and the average inventory?

SHARE-BASED PAYMENTS

Kiwi Car Direct Limited is a New Zealand company which purchases car parts from the United States. It has a balance date of 31 March.

In March 2017 Kiwi Car Direct Limited negotiated the purchase of car parts from its longstanding supplier in the US, Eagle Auto Parts Limited. In this case, Kiwi Car Direct Limited negotiated to settle the purchase of the transaction with 35,000 shares in Kiwi Car Direct Limited. The car parts were received on the 31 March 2017 and are considered to have a total fair value of $260,000. The fair value of Kiwi Car Direct Limited’s shares on the 31 March 2017 was $7.50 per share.

Furthermore, on the 1 April 2017, Kiwi Car Direct Limited granted 10,000 share options to its CEO. All services had been performed by the CEO at that date. The entity reliably estimated the fair value of each option at $6.50.

Required:

(a) Provide the journal entry to record the purchase of the car parts by Kiwi Car Direct Limited on the 31 March 2017.

(b) Calculate the remuneration expense which will be reported in the financial statements of Kiwi Car Direct Limited for the year to 31 March 2018 for services received from the CEO

as consideration for the share options granted.

(c) Discuss the extent to which you consider that the share options granted to the CEO of Kiwi Car Direct Limited are likely to align his/her interests with those of shareholders.

GENERAL BUSINESS COURSE QUESTION:

Joe and Jill were talking about the role played by the Federal Reserve System in the United States. Joe seemed to be quite well informed about the functions and activities of our central bank. "You see, Jill, the Fed is the main guardian of our nation's economic stability," Joe declared. "In America, we don't want inflation and we don't want recession. To stretch the situation just a bit, we are frightened, absolutely terrified, by thoughts of hyperinflation and depression. So, the Fed maintains the right to alter the situation and protect us from these two monsters. And you ask, how they do that? The answer is the discount rate. That is the device that the Federal Reserve System uses to keep us safe."

Jill was enjoying listening to her friend explain it all. Joe continued, "Now the discount rate is the interest rate that the twelve Federal Reserve Banks around the country charge their member banks on a loan. So, when the discount rate goes up, all interest rates tend to go up. And, happy to say, when interest rates go up all over America, this tends to slow down any inflationary tendencies." Jill asked, "Does the Fed have other tools for stopping inflation?" "No," said Joe.

6) In which type of fund do you think you would invest, a mutual fund or an exchange-traded fund? What is the difference and why would you favor one over the other?

GENERAL BUSINESS COURSE QUESTION:

Joe and Jill were talking about the role played by the Federal Reserve System in the United States. Joe seemed to be quite well informed about the functions and activities of our central bank. "You see, Jill, the Fed is the main guardian of our nation's economic stability," Joe declared. "In America, we don't want inflation and we don't want recession. To stretch the situation just a bit, we are frightened, absolutely terrified, by thoughts of hyperinflation and depression. So, the Fed maintains the right to alter the situation and protect us from these two monsters. And you ask, how they do that? The answer is the discount rate. That is the device that the Federal Reserve System uses to keep us safe."

Jill was enjoying listening to her friend explain it all. Joe continued, "Now the discount rate is the interest rate that the twelve Federal Reserve Banks around the country charge their member banks on a loan. So, when the discount rate goes up, all interest rates tend to go up. And, happy to say, when interest rates go up all over America, this tends to slow down any inflationary tendencies." Jill asked, "Does the Fed have other tools for stopping inflation?" "No," said Joe.

7) Has the economy recovered from the last recession? What factors led you to your answer? You should be able to back up your opinion. Don't use blog opinions. Make sure your source(s) is/are based upon facts.

8.According to the textbook, which of the following statements is (are) correct?

(x)Fractional reserve banking is a system where banks must hold an amount of cash based on a percentage of its loans.

(y)The Federal Reserve can alter the size of the money supply by changing reserves or changing reserve requirements.

(z)If the Fed decreases reserve requirements, the money supply will decrease.

A.(x), (y), and (z)B.(x) and (y) only C.(x) and (z) only D.(y) and (z) only E.(y) only

9.The Federal Reserve System regulates the money supply primarily by

A.restricting the issuance of Federal Reserve Notes.

B.controlling the production of coins at the United States mint.

C.varying the reserves of banks, largely through sales and purchases of government bonds.

D.altering the reserve requirements of banks and thereby the ability of banks to make loans.

Which of the following statements about the Federal Reserve is (are) correct?

(x) When the Federal Reserve conducts open market transactions, it buys or sells government bonds from the public and these actions allow the Fed to control the level of reserves in the banking system.

(y)In general, if the Fed bought a bond from a bank via the open market, then the bank’s excess reserves would increase and the money supply would increase if the bank loans out all of its excess reserves.

(z)If the Fed buys government bonds then the money supply will eventually decrease.

A.(x), (y), and (z)B.(x) and (y) onlyC.(x) and (z) onlyD.(y) and (z) onlyE.(x) only

1) Extrapolating from your knowlege of the structure of the other halogens (Chlorine = gas, bromine = liquid ,and Iodine = solid), what is likely to be the molecular formula for astatine? Explain.

2) What are the likely physical states of (Gas, liquid, or solid) at room temperature? Explain your answer using your knowledge of the physical states of the other halogens.

a) astatine

b) bromine monoflouride

c) iodine monochloride

Economists commonly teach that minimum wages cause some unemployment.The federal minimum wage is $7.25/hour, but roughly 33% of states have higher state minimum wages.

a. Why cant you test the "minimum wages cause unemployment" theory by simply comparing unemployment rates across states with different minimum wages?

b. What would be a better way to test this hypothesis?

1. Write the net ionic equation for the reaction shown. Include physical states. 2HNO3(aq)+Sr(OH)2(aq)⟶2H2O(l)+Sr(NO3)2(aq) net ionic equation

2.Write the net ionic equation for the chemical reaction shown. Include physical states. HClO2(aq)+NaOH(aq)⟶H2O(l)+NaClO2(aq) net ionic equation:

The New Deal brought the federal government into the role of providing relief to Americans affected by the structural crisis of the Great Depression. Many critiqued these reforms because they infringed on the responsibility of the states and localities to set social policy and provide relief. Thinking of what you have learned about this time, what do you think is the appropriate role for the federal government and for the states and localities in social welfare policy?