Sachs Brands' defined benefit pension plan specifies annual retirement benefits equal to: 1.3% × service years × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2004 and is expected to retire at the end of 2038 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $96,000 at the end of 2018 and the company's actuary projects her salary to be $310,000 at retirement. The actuary's discount rate is 6%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:

1. What is the company's projected benefit obligation at the beginning of 2018 (after 14 years' service) with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
2. Estimate by the projected benefits approach the portion of Davenport's annual retirement payments attributable to 2018 service.
3. What is the company's service cost for 2018 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
4. What is the company's interest cost for 2018 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
5. Combine your answers to requirements 1, 3, and 4 to determine the company's projected benefit obligation at the end of 2018 (after 15 years' service) with respect to Davenport. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

From 1974 to 2018 Australia ran a current account deficit every year. Over that period Australia’s trade deficit was also in generally in deficit but almost always smaller than the Australian current account deficit due to interest payments on foreign debt and dividends paid overseas.

1. Explain what this means for export, imports, income received from overseas and money paid overseas for Australia.

2. What has the consequence of the current account deficit been on the Australia’s financial account balance over this period? Did Australia experience a net capital inflow or outflow over this period?

3. Use the saving and investment equation to explain why Australia experienced net capital inflow or outflows from 1974 to 2018.

In 1986 the current account deficit approached 6% of GDP, and on May 14, Paul Keating infamously told radio presenter John Laws that Australia was in danger of becoming a “banana republic”. To get spending down, and thus reduce the current account deficit, he tightened the budget, recording a $9.1 billion surplus and encouraged the Reserve Bank to push interest rates to stratospheric levels. The cash rate hit 18% before helping push Australia into recession.

4. Did the budget surplus in 1989-90 help or hinder in reducing the current account deficit?

5. Did the higher interest rates help or hinder in reducing the current account deficit?

6. Australia’s current account deficit averaged 5% of GDP from 1990 to 2016 (and getting as high as 7% of GDP in 2004 and 2007). Why did concern about the current account deficit wane over this period?

In 2003, Johnson & Johnson (J&J) introduced the first drug-eluting stent (DES), a medical device inserted into blocked arteries (in a process called coronary angioplasty) to restore blood flow. The drug-eluting stent made previous stents and other methods of restoring blood flow obsolete, as it solved the problem of secondary blood clots and blockages that plagued previous methods. Suppose the demand for DESs is Q = 9 – (P/2) where Q is the number of DESs demanded per year (in thousands) and P is the price of a DES in thousands of dollars.

(a) Suppose it cost J&J $6 thousand to produce each DES. If J&J were the only producer of DESs (e.g., because entry is prevented by J&J’s patents), what price should J&J charge for its DES to maximize profit? How many DESs would be sold at that price? (Make sure your answers are in the correct units.)

(b) In 2004, Boston Scientific figured out a way to engineer around J&J’s DES patents and introduced its own DES. However, Boston Scientific’s technology was more costly than J&J’s. It cost Boston Scientific $10 thousand to produce each DES. If physicians and patients consider the DESs of J&J and Boston Scientific identical and J&J and Boston Scientific compete by simultaneously choosing how much to produce (where the combined DES production determines the price), how many DESs will J&J produce in equilibrium? How many DESs will Boston Scientific produce? What is the equilibrium price in this case? (Again, make sure your answers are in the correct units.)

Discuss the issues raised in the following hypothetical situations based on information learned in the textbook. A real estate licensee must treat customers fairly. Customers are entitled to know material information about property that affects its value such as defects in the premises, title problems and boundary encroachments. Clients are entitled to all this information and the licensee's opinion regarding market value, assistance in marketing the home and negotiation strategy. Clients are entitled to loyalty, confidentiality and obedience as well as other duties previously discussed. Agents should not engage in fraud in discharging their duty to clients however. Customers are to be treated fairly but not equally.

     Aron has an appointment to show 83 acres of rural property he listed to a potential buyer. In discussing his appointment with another licensee in his office he learns that the property adjacent to the listed property had a test on their well water six months ago which showed the water unsafe to drink.

1. Does Aron have to reveal the existence of the test to the buyer? Does he have to reveal it to the seller who listed it with him? How should he advise the seller?
2. Aron knows the seller is selling the property to raise money to pay for medical expenses. Should he tell potential buyers about the seller's situation?
3. Aron has the water tested on the listed property and places the written report in a file at his office without telling the seller the results. Can the seller be treated by law as having the information? Why or why not?
4. Victor has been contacted by Max about listing a home. Max says "I need to get this house sold. The city is going to widen this street and when they do there will be a lot more traffic. I need to get it sold now." What should Victor's response be?
5. Lindsey is a licensee showing property to a young couple and she says "This would be a great house for first time home buyers". If the couple buys the house and later become unhappy with their purchase explain whether Lindsey's statement is actionable.

As a result of mitosis cell (during cell division) of the Cell cycle, the number of chromosomes in the 2 new cells is a) used to eliminate mutations t, b) increased to 3 times the normal or diploid number, c) is reduced to 1/2 half of the diploid (normal) number representing one full set of chromosomes, d) is reduced to 1/2 the diploid number producing a random set of chromosomes, e) kept constant.

The evolution of the three germ layers (ectoderm, mesoderm, and endoderm) in the evolution of complex, multicellular animals is associated with the annelids and the vertebrates, which are examples of: a) Protostomes and Deuterostomes. b) Just the Protostomes. c) Only the Deuterostomes, d) Cnideria, e) Porifera.

In the course of evolution, the development of organs in the mesodermal space between the digestive endoderm and the ectoderm as the basis for homeostasis is associated with: a) Protostomes and Deuterostomes, b) Just the Protostomes such as the earthworm, c) Only the chordates like humans, d) Only the Deuterostomes such as the Vertebrates. e) The Porifera

The ability to maintain internal conditions of an organism within a certain (defined) boundary range is possible because as organs form the mesoderm cells specialize to form a) the brain, b) mitochondria, c) muscles, d) capillaries near the new specialized cells, e) good luck.

The secretory cells of the Thyroid gland (an example of a eukaryotic cells) produces a molecule termed Thyroxin, a hormone released into the circulation. You would expect that such cell products are secreted from the cell during which of the following stages of the Cell Cycle: a) Meiosis, b) Gap (G1) , c) Synthesis (S), d) Gap 2 (G2), e) mitosis.

In the evolution of the vertebrates, the myocytes provide the stem cells for: a) smooth muscles that surround some of the capillaries to form arteries and veins ,b) specialized cells to produce the enzymes produced by the digestive system, c) Beta cells for the release of Insulin by the pancreas, d) the development of brain and spinal cord, e) All of these are true.

Given the below Java code snippet, assuming the code is correct, and the names are meaningful, select the best answer for the below questions:

public static void main(String[] args) {

int numStations = 10;

int enter = 0;

int exit = 0;

Train train = new Train(numStations);

for (int station = 0; station < numStations; station++)

{

     enter = enter + train.enterPassengers(station);

     exit = exit + train.exitPassengers(station);

}

System.out.println("Number of passengers entered the train: " + enter);

System.out.println("Number of passengers exited the train: " + exit);

System.out.println("Number of passengers remaining on the train: " + (enter-exit));

}

The for-loop in the code is:

Counting the number of stations in the train

Is looping 9 times to determine enter and exit of the train

Sums up the number of passengers entering and leaving the train

Exercise #2

Review the below Java method and assume the comments are correct.

// determines if positive number is odd or even

// returns true if even

public Boolean isEven(int num)

{

   if (num <= 0)

   {

      return false;

   }

   if (num%2 = 0)

      return true;

   return false;

}

Select the best answer what is wrong with the code:

It is setting variable to uninitialized value

It is using undeclared variable

It is using single equal sign as equality

Exercise #3

Review the below Java method and assume the comments are correct.

// Initialize array values to 0

public void initialize()

{

   int[] values = new int[10];

   for (int i = 1; i <= 10; i++)

      values[i] = 0;

}

Select the best answer what is wrong with the code:

It is using an uninitialized array

It is overstepping array boundary

It is looping too many times

None of the above

Exercise #4

Given the below Java code snippet, assuming the code is correct, and the names are meaningful, select the best answer for the below question:

fax.setNumber("8761234567");

fax.load(paper);

String status = fax.run();

System.out.println("The fax result status : " + status);

The code snippet :

Makes multiple paper copies

Starts the fax machine and displays status

Loads paper and sends a fax

Assume you are on an interview team to select a new president and CEO for your organization. During the course of the interviews, two of the candidates expressed the following behavior styles of leadership. Candidate A said: In turning troubled companies around, I would use this technique. I would first observe how people work and then reorganize. I would promote the top 10 percent and fire the bottom 10 percent. It’s amazing how much energy it gives to the remaining 80 percent. Persuasion alone won’t do the job. I would further pick role models on either end of the spectrum and do something with them. I believe this would promote a tighter team with a lot of deadwood and office politics gone. Actions speak louder than words! Candidate B said: I would push decision-making down into the middle ranks and create a corporate culture that questions the status quo, welcomes change, and encourages teamwork. Both men and women thrive in a boundary-less environment. To that end, I would want to have my employees determine how to spend the day or week. If they believe they need to take a supplementary course or spend a week at a customer site to improve their knowledge of a key subject, then I say let them do it. It’s understood that everyone is working toward our team’s common goal, and we all want to be successful. As each candidate spoke frankly about his or her style of leadership, several thoughts come to your mind. You wonder whether as a worker or manager here, under which type of management would you prefer to work? Why, you ask yourself, would you like that style over the other?

Questions:

1. Discuss the advantages of each style of leadership, as well as some possible disadvantages that could surface with each style.

2. Given only these two candidates, which one would you choose to be president and CEO? Why?

Note: This problem is for the 2018 tax year.

Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2016. He lives at 4680 Dogwood Lane, Springfield, MO 65801. He is employed as a paralegal by a local law firm. During 2018, he had the following receipts:

Logan inherited securities worth $60,000 from his uncle, Daniel, who died in 2018. Logan also was the designated beneficiary of an insurance policy on Daniel's life with a maturity value of $200,000. The lot in St. Louis was purchased on May 2, 2013, for $85,000 and held as an investment. As the neighborhood has deteriorated, Logan decided to cut his losses and sold the lot on January 5, 2018, for $80,000. The estate sale consisted largely of items belonging to Sara and Daniel (e.g., camper, boat, furniture, and fishing and hunting equipment). Logan estimates that the property sold originally cost at least twice the $9,000 he received and has declined or stayed the same in value since Sara and Daniel died.

Logan's expenditures for 2018 include the following:

Logan and his dependents are covered by his employer's health insurance policy for all of 2018. However, he is subject to a deductible, and dental care is not included. The $10,500 dental charge was for Helen's implants. Helen is Logan's widowed mother, who lives with him (see below). Logan normally pledges $2,400 ($200 per month) each year to his church. On December 5, 2018, upon the advice of his pastor, he prepaid his pledge for 2019.

Logan's household, all of whom he supports, includes the following:

Helen receives a modest Social Security benefit. Asher, a son, is a full-time student in dental school and earns $4,500 as a part-time dental assistant. Mia, a daughter, does not work and is engaged to be married.

Federal income tax of $4,500 was withheld from Logan's wages.

Required:
Determine the Federal income tax for 2018 for Logan by providing the following information that be reported on Form 1040, Schedule A Schedule D, and Form 8849. Complete the tax advice letter.

Make realistic assumptions about any missing data.

If Logan has any overpayment on his income tax, he wants the refund sent to him.

Assume that the proper amounts of Social Security and Medicare taxes were withheld.

Enter all amounts as positive numbers.

If an amount box does not require an entry or the answer is zero, enter "0".

When computing the tax liability, do not round your immediate calculations. If required round your final answers to the nearest dollar.

2. Calculate taxable gross income.
$

3. Calculate the total adjustments for AGI.
$

4. Calculate adjusted gross income.
$

5. Calculate the greater of the standard deduction or itemized deductions.
$

6. Calculate total taxable income.
$

7. Calculate the income tax liability.
$

8. Calculate the total tax credits available.
$

9. Calculate total withholding and tax payments.
$

10. Calculate the amount overpaid (refund):
$

11. Calculate the amount of taxes owed:
$

CLINICAL SCENARIO

NURSING HEALTH HISTORY

A. Patient’s Profile

Name: JFK

Birthday: August 23, 1982

Age: 38 years old

Sex: Male

Nationality:Filipino

Religion:Roman Catholic

Marital Status:Married

Address: Pampanga

Date of Admission: September 02, 2020

Time of Admission: 2:30PM

Chief Complaint: productive cough with fever with slight difficulty of breathing

Final Diagnosis: Moderate Risk Community Acquired Pneumonia (CAP III)

History of Present Illness :

Patient came to the hospital complaining of productive cough, fever and slight difficulty of breathing. Client is having persistent productive cough with greenish phlegm and has had fever with 39.3 celcius for temperature when admitted. The client is ambulatory, coherent and v/s results showed an elevated RR of 37 cpm, pulse rate of 104. On DAT was prescribed, has a standing order of TSB for fever. WBC count is within range, CXR results showing consolidation and sputum culture and sensitivity shows S. pneumoniae with a medical diagnosis of CAP III.

Past Medical History :

Cough and fever has been noted to have onset 4 days prior to admission. Client has history of pneumonia and was admitted to the hospital when he was in high school. Client has suffered asthmatic attack when he was 3 years old and was admitted to the hospital and was given Ventolin for treatment but has no record of any onset after that.Immunizations were completed when he was one year old.Latest medicines prescribed are Cefuroxime, Albuterol, Montelukast, and Naproxen. The patient never undergone any type of surgery. He has no known allergy to food and medication.Family History(+) Hypertension-father(+) Diabetes Mellitus-father(-) Cancer(+) PTB-mother

Personal and Social History : Patient is a tricycle driver and a very joker person, he mingles with his co-tricycle drivers, friends, and neighbors. Patient is non-smoker, non-drinker and no history of taking illicit drugs. He prefers to eat rice, fish and vegetables, but sometimes eat in a sari-sari store. He enjoys talking to commuters and taking care of his children when his day-off, his leisure time is watching TV with his family. If the patient has free time from driving, he likes going to mall with hisfamily every Sunday after church. He is a sweet and loving husband to his wife and children.

Admission Order Medication: Cefuroxime (Zinacef) 750 mg every 8 hours TIV Levofloxacin (Levox) 500 mg 1 tab OD PO Paracematol1 amp TIV for temp of equal or greater than 38.6 and paracetamol 500mg tab PO for temp of 38.5 below Berodual nebulization (10gtts in 3 ml NSS) every 6 hour

Therapeutics: IVF PNSS 1L to run for 8 hours at 31-21 gtts per min at left arm

Bedside O2 of 3L/min via nasal cannula

Nebulization followed by CPT

Bedside Care: Vital signs every shift and watch out for any signs of dyspnea progression, bed rest, I and O monitoring, suction secretions when necessary, provide comfort, morning care done, side rails up for safety, assess every now and then and relayed any abnormal symptoms and complications

COURSE TASKS:

1. Make an Anatomy and Physiology of Community Acquired Pneumonia III.

2.Conceptualize the pathophysiological alterations distinct to the case.

✓Establish the pathophysiological triad of Host –Agent –Environment specific to the case.

✓Trace the pathophysiological changes and highlight problems that are experienced by the client.

✓Connect the pertinent nursing care and medical –surgical management to the various signs and symptoms presented by the client.

CLINICAL SCENARIO

NURSING HEALTH HISTORY

A. Patient’s Profile

Name: JFK

Birthday: August 23, 1982

Age: 38 years old

Sex: Male

Nationality:Filipino

Religion:Roman Catholic

Marital Status:Married

Address: Pampanga

Date of Admission: September 02, 2020

Time of Admission: 2:30PM

Chief Complaint: productive cough with fever with slight difficulty of breathing

Final Diagnosis: Moderate Risk Community Acquired Pneumonia (CAP III)

History of Present Illness :

Patient came to the hospital complaining of productive cough, fever and slight difficulty of breathing. Client is having persistent productive cough with greenish phlegm and has had fever with 39.3 celcius for temperature when admitted. The client is ambulatory, coherent and v/s results showed an elevated RR of 37 cpm, pulse rate of 104. On DAT was prescribed, has a standing order of TSB for fever. WBC count is within range, CXR results showing consolidation and sputum culture and sensitivity shows S. pneumoniae with a medical diagnosis of CAP III.

Past Medical History :

Cough and fever has been noted to have onset 4 days prior to admission. Client has history of pneumonia and was admitted to the hospital when he was in high school. Client has suffered asthmatic attack when he was 3 years old and was admitted to the hospital and was given Ventolin for treatment but has no record of any onset after that.Immunizations were completed when he was one year old.Latest medicines prescribed are Cefuroxime, Albuterol, Montelukast, and Naproxen. The patient never undergone any type of surgery. He has no known allergy to food and medication.Family History(+) Hypertension-father(+) Diabetes Mellitus-father(-) Cancer(+) PTB-mother

Personal and Social History : Patient is a tricycle driver and a very joker person, he mingles with his co-tricycle drivers, friends, and neighbors. Patient is non-smoker, non-drinker and no history of taking illicit drugs. He prefers to eat rice, fish and vegetables, but sometimes eat in a sari-sari store. He enjoys talking to commuters and taking care of his children when his day-off, his leisure time is watching TV with his family. If the patient has free time from driving, he likes going to mall with hisfamily every Sunday after church. He is a sweet and loving husband to his wife and children.

Admission Order Medication: Cefuroxime (Zinacef) 750 mg every 8 hours TIV Levofloxacin (Levox) 500 mg 1 tab OD PO Paracematol1 amp TIV for temp of equal or greater than 38.6 and paracetamol 500mg tab PO for temp of 38.5 below Berodual nebulization (10gtts in 3 ml NSS) every 6 hour

Therapeutics: IVF PNSS 1L to run for 8 hours at 31-21 gtts per min at left arm

Bedside O2 of 3L/min via nasal cannula

Nebulization followed by CPT

Bedside Care: Vital signs every shift and watch out for any signs of dyspnea progression, bed rest, I and O monitoring, suction secretions when necessary, provide comfort, morning care done, side rails up for safety, assess every now and then and relayed any abnormal symptoms and complications

COURSE TASKS:

1. Make an Anatomy and Physiology of Community Acquired Pneumonia III.

2.Conceptualize the pathophysiological alterations distinct to the case.

✓Establish the pathophysiological triad of Host –Agent –Environment specific to the case.

✓Trace the pathophysiological changes and highlight problems that are experienced by the client.

✓Connect the pertinent nursing care and medical –surgical management to the various signs and symptoms presented by the client.