Welsh Meds Plc is a small but rapidly growing biotechnology company in Cardiff with annual revenues of £115 million. Last year’s net income was £6.38 million. Founded in 2002 by Carwyn Thomas and Geraint Jones with the support of a venture capitalist, the firm’s success has been remarkable. After a three year development phase, the company’s breakthrough was brought about by a drug called Enzyme Shield that was designed to treat immune system deficiencies (ISD). To fund the substantial increase in production capacity, which the owners decided should remain in-house, Carwyn and Geraint took Welsh Meds public, thereby taking advantage of the favorable stock market conditions of 2006. By issuing 2.8 million shares at £19, £53.2 million of equity were raised. Two years ago, Welsh Meds made its first annual dividend payment of £0.40 which increased by 15% last year. Ten months ago, the company received the Drug Administration Authority’s approval the mass market Enzyme Shield Light, a derivative of its first drug was specifically targets ISD in younger children. As a result, last quarter company earnings are up 37%, compared to the previous quarter. Carwyn and Geraint are very optimistic about Welsh Meds’ future and wonder if it is time to reward its shareholders with either a special one-time dividend of £2.50 or an increase of the annual dividend by £1.00. William Stewart, the company’s CFO, however, suggests using half of the accumulated cash of £12 million to initiate a buy back. In addition, Mr. Stewart would like to reduce the company’s debt by 4 million, thereby maintaining a cash reserve of only £2 million. Recovering from the global financial crisis when shares of Welsh Med fell by more than half, its current share price £17.38 is still, down 32% from its peak £25.55 of summer 2007. However, Carwyn and Geraint are very optimistic that the economic recovery will continue and that their company’s share price will reach new highs within the next 2–3 years. QUESTIONS 1. Do you think it was prudent to initiate annual dividend payments only 3 years after the IPO?

2. If a special one-time dividend was paid, how would it likely affect Welsh Meds’ share price?

3. Would the share price reaction be different if the annual dividend was raised by £1.00 instead?

4. What is the current dividend payout ratio and how would it change if the annual dividend was raised by £1.00?

5. Based on the current share price of £17.63, determine the company’s implied cost of capital according to the dividend discount model (DDM).

6. What do you think about the owner’s optimistic view that the share price will reach new highs in 2–3 years? Is a share price of £25.55 or higher realistic under the current dividend growth rate assumption?

7. Is the commonly used DDM that assumes a constant and perpetual growth rate applicable to Welsh Meds? Explain

8. How would the suggested debt reduction affect the company’s P/E ratio, return on assets, and return on equity?

9. How would the suggested share repurchase affect the company’s P/E ratio, return on assets, and return on equity?

10. Would you regard a £2 million cash reserve as sufficient for Welsh Meds? Explain.

Welsh Meds Plc Mini Case

Welsh Meds Plc is a small but rapidly growing biotechnology company in Cardiff with annual revenues of £115 million. Last year’s net income was £6.38 million. Founded in 2002 by Carwyn Thomas and Geraint Jones with the support of a venture capitalist, the firm’s success has been remarkable. After a three year development phase, thecompany’s breakthrough was brought about by a drug called Enzyme Shield that was designed to treat immune system deficiencies (ISD). To fund the substantial increase in production capacity, which the owners decided should remain in-house, Carwyn and Geraint took Welsh Meds public, thereby taking advantage of the favorable stock market conditions of 2006. By issuing 2.8 million shares at £19, £53.2 million of equity were raised. Two years ago, Welsh Meds made its first annual dividend payment of £0.40 which increased by 15% last year. Ten months ago, the company received the Drug Administration Authority’s approval the mass market Enzyme Shield Light, a derivative of its first drug was specifically targets ISD in younger children. As a result, last quarter company earnings are up 37%, compared to the previous quarter. Carwyn and Geraint are very optimistic about Welsh Meds’ future and wonder if it is time to reward its shareholders with either a special one-time dividend of £2.50 or an increase of the annual dividend by £1.00. William Stewart, the company’s CFO, however, suggests using half of the accumulated cash of £12 million to initiate a buy back. In addition, Mr. Stewart would like to reduce the company’s debt by 4 million, thereby maintaining a cash reserve of only £2 million. Recovering from the global financial crisis when shares of Welsh Med fell by more than half, its current share price £17.38 is still, down 32% from its peak £25.55 of summer 2007. However, Carwyn and Geraint are very optimistic that the economic recovery will continue and that their company’s share price will reach new highs within the next 2–3 years.

QUESTIONS

1. Do you think it was prudent to initiate annual dividend payments only 3 years after the IPO?

2. If a special one-time dividend was paid, how would it likely affect Welsh Meds’ share price?

3. Would the share price reaction be different if the annual dividend was raised by £1.00 instead?

4. What is the current dividend payout ratio and how would it change if the annual dividend was raised by £1.00?

5. Based on the current share price of £17.63, determine the company’s implied cost of capital according to the dividend discount model (DDM).

6. What do you think about the owner’s optimistic view that the share price will reach new highs in 2–3 years? Is a share price of £25.55 or higher realistic under the current dividend growth rate assumption?

7. Is the commonly used DDM that assumes a constant and perpetual growth rate applicable to Welsh Meds? Explain.

8. How would the suggested debt reduction affect the company’s P/E ratio, return on assets, and return on equity?

9. How would the suggested share repurchase affect the company’s P/E ratio, return on assets, and return on equity?

10. Would you regard a £2 million cash reserve as sufficient for Welsh Meds? Explain.

George Garcia, a 23-year-old construction worker, and his wife, Anita, age 20, bring their 4-month-old daughter to the emergency room of a small community hospital. They speak broken English. They have another small child with them, as well as two older women. They are very worried about the infant, who they say has been unable to retain feedings of diluted cow's milk. Now, because of poor sucking and increased sleeping, the infant has not had anything by mouth for the last 24 hours. When asked, the parents say the infant has been sick for 3 or 4 days. The infant is listless, and her eyes are sunken. Anita is newly pregnant with her third child.

The Garcia family lives together in a small house 2 miles from the Mexican border in a predominantly Mexican American neighborhood.. The padrinosor compadres (godparents) live next door to the Garcias. The family is Catholic, and a medal of Our Lady of Guadalupe is on a chain around the older child's neck. The baby has a bracelet with a seed in it around her wrist. The 2 older women with the Garcias are the mothers of George and Anita. George's mother is a curandero, and has been treating the baby with weak specially brewed teas.

6..  Susto and empacho are 2 more conditions that may occur. Describe these, and the treatment.

7. What is the hot and cold theory of disease? How are foods used in this case? What are common foods and food rituals for this heritage group?

8. The infant is sent home with the family with instructions to provide 1 ounce of electrolyte solution every hour. The family is asked to return to the clinic the next day at 10:00 AM to be sure the baby's health is improving. Who in the family should receive the education about care for the baby? How could the temporal relationships of this heritage group affect the family's ability to carry out instructions?

9. In order to provide culturally sensitive care to Anita during her pregnancy, what pregnancy and childbearing practices should the health care professional be familiar with?

10. George was unable to go to work today because of concern for the baby's health. Describe how work is viewed by this heritage group when newly immigrated to the United States.

11. A "stereotype" is an oversimplified "conception, opinion, or belief about some aspect of an individual or group" (see the discussion on p. 8 of your text). A stereotype here in North Dakota could be that all people of Norwegian heritage say "uff-da", and eat a disgusting fish called lutefisk. Name 2 stereotypes that you have heard about people of Mexican heritage.

Hi there,

I am having a bit of an issue that I just can't seem to figure it out. My code is supposed to read from another file and then have an output of a number for each categorie

////////Required Output///////

Movies in Silent Era: 0\n
Movies in Pre-Golden Era: 7\n
Movies in Golden Era: 581\n
Movies in Change Era: 3445\n
Movies in Modern Era: 10165\n
Movies in New Millennium Era: 15457\n

My program is:

import java.util.ArrayList;

public class MovieReducerEraCount implements MediaReducer
{
    private String result;

    public String reduce(ArrayList<Media> list, String era)
    {
        this.result = result;

        int counter = 0;

        for (int year = 0; year < list.size(); year++)
        {
            
            if (list.get(year).getName().equals(era))

            {
                counter++;
            }
        }

        result = "Movies in " + era + ": " + counter;

        return result;

    }

}

/////////Movie.java//////////

public class Movie extends Media
{
    public Movie(String name, int year, String genre)
    {
        super(name, year, genre);
    }

    @Override

    public String getEra()
    {
        if (getYear() >= 2000)
        {
            return "New Millennium Era";
        } else if (getYear() >= 1977)
        {
            return "Modern Era";
        } else if (getYear() >= 1955)
        {
            return "Change Era";
        } else if (getYear() >= 1941)
        {
            return "Golden Era";
        }
        return "Pre-Golden Era";
    }

    @Override

    public boolean wasReleasedAfter(Media other)
    {
        return getYear() > other.getYear();
    }

    @Override

    public boolean wasReleasedBeforeOrInSameYear(Media other)
    {
        return getYear() <= other.getYear();
    }
}

///////move_list.txt///////

!Next?
1994
Documentary
#1 Single
2006
Reality-TV
#ByMySide
2012
Drama
#Follow
2011
Mystery
#nitTWITS
2011
Comedy
$#*! My Dad Says
2010
Comedy
$1,000,000 Chance of a Lifetime
1986
Game-Show
$100 Makeover
2010
Reality-TV
$100 Taxi Ride
2001
Documentary
$100,000 Name That Tune
1984
Game-Show
$100,000 Name That Tune
1984
Music
$2 Bill
2002
Documentary
$2 Bill
2002
Music
$2 Bill
2002
Music
$2 Bill
2002
Music
$2 Bill
2002
Music
$25 Million Dollar Hoax
2004
Reality-TV
$40 a Day
2002
Documentary
$5 Cover
2009
Drama
$5 Cover: Seattle
2009
Drama
$50,000 Letterbox
1980
Game-Show
$9.99
2003
Adventure
$weepstake$
1979
Drama
' Horse Trials '
2011
Sport
'80s Videos: A to Z
2009
Music
'Allo 'Allo!
1982
Comedy
'Allo 'Allo!
1982
War
'Conversations with My Wife'
2010
Comedy
'Da Kink in My Hair
2007
Comedy

I've shorten the file.

QUESTION 5

1. Which of the following statements best describes how the body digests foods with lots of starch?

   		Eating raw foods low in starch provides lots of energy as the body has to work harder to digest the food
   		Eating cooked foods high in starch provides little energy as the body has to work harder to digest the food
   		Eating cooked foods low in starch provides lots of energy as the body has to work harder to digest the food
   		Eating raw foods high in starch provides little energy as the body has to work harder to digest the food

2 points   

QUESTION 6

1. Why are polysaccharides known as “slow-releasing” sugars?

   		They are made up of long chains of monosaccharides
   		They slowly release energy over long periods of time
   		They are stored energy that must be converted to usable energy when needed
   		They are complex, large molecule sugars

2 points   

QUESTION 7

1. What are the health benefits of whole grains?

   		They have fiber, vitamins, and minerals other low-quality carb foods do not have.
   		Foods with whole grains in them are always low calorie.
   		People who eat them are guaranteed to lose weight.
   		Whole grain foods have fewer total carbohydrates compared to other foods.

2 points   

QUESTION 8

1. With the exception of extreme starvation, our brain relies completely on _________ as its energy source.

   		lipids
   		glucose
   		proteins
   		carbohydrates
   		vitamins and minerals

2 points   

QUESTION 9

1. Pectin, gums, cellulose, hemicellulose, and lignin are examples of___

   		starches
   		disaccharides
   		dietary fibers
   		complex and simple saccharides

2 points   

QUESTION 10

1. In a healthy person, when glucose levels are too high in the blood stream __________ is released. When glucose levels are too low ___________ is released.

   		amylase; insulin
   		insulin; amylase
   		glucagon; insulin
   		insulin; glucagon

2 points   

QUESTION 11

1. ________ is composed of glucose and fructose. This disaccharide is commonly known as table sugar.

   		lactose
   		fructose
   		maltose
   		sucrose
   		glucose

2 points   

QUESTION 12

1. When blood glucose levels are too low, a person might feel fatigued, irritable, and/or confused. Why is this?

   		Cells primarily use glucose as an energy source but most also can use fats or protein.
   		Glucose is used by all cells for energy, but exclusively by brain and nerve cells.
   		Glycogen is stored within liver and muscle tissue and can be released when needed.
   		Any of the monosaccharides can be used to meet the energy needs of the cells.

2 points   

QUESTION 13

1. High fructose corn syrup is a popular manufactured product which provides artificial _________ to a variety of processed foods we eat.

   		sweetness
   		calories
   		intelligence
   		nutrient-density
   		preservative

2 points   

QUESTION 14

1. According to the US Department of Health and Human Services (HHS), what are the risk factors we can (typically) control to reduce the risk of cardiovascular disease?

   		High blood pressure, high cholesterol, cigarette smoking, diabetes (Type 2), poor diet, physical inactivity, overweight and obesity.
   		Cigarette smoking, poor diet.
   		High blood pressure, cigarette smoking, diabetes, poor diet, physical inactivity.
   		Cigarette smoking, poor diet, physical inactivity.

2 points   

QUESTION 15

1. What is hydrogenation?

   		When a chemical molecule is changed by adding water molecules.
   		The process of taking a chemical and changing it by emulsifying the fat.
   		Taking an unhealthy saturated fatty acid and modifying it so that it provides more health benefits.
   		The process of adding hydrogen to unsaturated fatty acids resulting in a more saturated fatty acid

1.Use the pulse rates in beats per minute? (bpm) of a random sample of adult females listed in the data set available below to test the claim that the mean is less than76 bpm. Use 0.05 significance level.

What are the null and alternative? hypotheses?

What is the test statistic?

What is the P-value?

State the final conclusion that addresses the original claim. Reject or Fail to reject? Is sufficient or not sufficient? Is it greater than, less than or neither of them.

Pulse Rates (bpm)
95
76
100
76
91
101
85
87
74
84
48
73
73
38
95
50
70
75
72
57
42
41
59
85
77
74
46
94
61
72
47
38
76
64
68
98
45
102
88
49
85
60
50
93
80
104
87
54
83
82

2.Among fatal plane crashes that occurred during the past 55 ?years, 132 were due to pilot? error, 86 were due to other human? error, 330 were due to? weather, 141 were due to mechanical? problems, and 620 were due to sabotage. Construct the relative frequency distribution. What is the most serious threat to aviation? safety, and can anything be done about? it?

Complete the relative frequency distribution below.

Pilot error ___ %
Other human error ___%

Weather__%

Mechanical problems __%
Sabotage__%

(Round to one decimal place as needed)

Fourteen different? second-year medical students at a hospital measured the blood pressure of the same person. The systolic readings? (mm Hg) are listed below. Use the given data to construct a boxplot and identify the? 5-number summary.
140 128 135 148 120 125 130 130 147 131 134 140 122 150

What would the 5-number summary is _,_,_,_,_ all in mm Hg.

A marketing company based out of New York City is doing well and is looking to expand internationally. The CEO and VP of Operations decide to enlist the help of a consulting firm that you work for, to help collect data and analyze market trends.

You work for Mercer Human Resources. The Mercer Human Resource Consulting website (www.mercer.com) lists prices of certain items in selected cities around the world. They also report an overall cost-of-living index for each city compared to the costs of hundreds of items in New York City (NYC). For example, London at 88.33 is 11.67% less expensive than NYC.

In the Excel document, you will find the 2018 data for 17 cities in the data set Cost of Living. Included are the 2018 cost of living index, cost of a 3-bedroom apartment (per month), price of monthly transportation pass, price of a mid-range bottle of wine, price of a loaf of bread (1 lb.), the price of a gallon of milk and price for a 12 oz. cup of black coffee. All prices are in U.S. dollars.

You use this information to run a Multiple Linear Regression to predict Cost of living, along with calculating various descriptive statistics. This is given in the Excel output (that is, the MLR has already been calculated. Your task is to interpret the data).

Based on this information, in which city should you open a second office in?

To help you make this decision here are some things to consider:

• Based on the MLR output, what variable(s) is/are significant?
• From the significant predictors, review the mean, median, min, max, Q1 and Q3 values?
  • It might be a good idea to compare these values to what the New York value is for that variable. Remember New York is the baseline as that is where headquarters are located.
• Based on the descriptive statistics, for the significant predictors, what city has the best potential?
  • What city or cities fall are below the median?
  • What city or cities are in the upper 3^rd quartile?

Multiple Choice 1

Data differ from information in which way?

a.   Data are facts about a sale

b.   Information is data organized to provide meaning

c.   Data are meaningful bits of information

d.   There is no difference

Multiple Choice 2

Which of the following is not a characteristic that makes information useful?

a.   It is reliable

b.   It is timely

c.   It is inexpensive

d.   It is relevant

Multiple Choice 3

What information needs are generally associated with the acquire inventory business process?

a.   Market Analysis

b.   Vendor Performance

c.   Inventory status reports

d.   All of the above

Multiple Choice 4

Which transaction cycle includes interactions between an organization and its suppliers?

a.   Revenue cycle

b.   Expenditure cycle

c.   Human resources/payroll cycle

d.   General ledger and reporting system

Multiple Choice 5

In which cycle does a company ship goods to customers?

a.   Production cycle

b.   Financing cycle

c.   Revenue cycle

d.   Expenditure cycle

Multiple Choice 6

Which of the following is a function of an AIS?

a.   Reducing the need to identify a strategy and strategic position.

b.   Transforming data into useful information.

c.   Allocating organizational resources.

d.   Automating all decision making.

Multiple Choice 7

An AIS provides value by:

a.   improving products or services through information that increases quality and reduces costs

b.   providing timely and reliable information to decision makers

c.   creating new products

d.   both A and B

Multiple Choice 8

The value chain concept is composed of the following two types of activities:

Primary and secondary

Primary and support

Support and value

Technology and support

Multiple Choice 9

Which of the following is a primary activity in the value chain?

a.   Purchasing

b.   Accounting

c.   Post-sales service

d.   Human resource management

Multiple Choice 10

Which of the following is a support activity in the value chain?

a.   Purchasing

b.   Manufacturing

c.   Post-sales service

d.   Receiving materials

Leopold was clearly offering an alternative definition of, and orientation for, conservation. Though it sounds simplistic, for Leopold, conservation required the establishment of a state of harmony between humans and nature, which implied a commitment to two principles: that we strive to understand how the natural world functions; and that we practice precaution in our use of the natural world. These two principles are well reflected in the following excerpts from a couple of Leopold’s better known essays.

Health is the capacity of the land for self-renewal. Conservation is our effort to understand and preserve this capacity. - 'The Land Ethic' (1949)

The last word in ignorance is the man (sic) who says of an animal or plant: "What good is it?" If the land mechanism as a whole is good, then every part is good, whether we understand it or not. If the biota, in the course of aeons, has built something we like but do not understand, then who but a fool would discard seemingly useless parts? To keep every cog and wheel is the first precaution of intelligent tinkering. - 'Round River' (1953)

This call to think ecologically was loudly heard again later in the century with the publication of Rachel Carson’s 1962 book, Silent Spring, which publicized the impacts of agricultural pesticides on wildlife and human health. While Carson’s book was largely read as a warning to humanity, consistent with the shallow, human-centred, form of environmentalism that emerged in the late 1960s, her real intent was arguably to challenge us to recognize our existence within ecosystems and the utter foolishness of non-ecological thinking.

Activity Thinking Ecologically

you are asked to think about how the use of a highly persistent and broad spectrum insecticide like dichlorodiphenyltrichloroethane (DDT) shows ignorance of ecological thinking? Put another way, why would an ecologist think that it makes little sense to use DDT? Can you come up with three (3) points?

Please do little research and provide the reference (thank you )