The Financial Accounting Standards Board (FASB) is a private, non-profit organization standard setting body whose primary purpose is to establish and improve generally accepted accounting principles (GAAP) within the United States in the public's interest.

Prepare a 2-3 page analysis discussing if you think this FASB proposal is a good idea now that you have seen the impact on the financial statements or if you think there is a potential for misleading financial statements as a result of this proposal.

One-Year Contract Robert S. Ohanian was vice president of sales for the West Region of Avis Rent a Car System, Inc. (Avis). Officers of Avis testified that Ohanian’s performance in the West Region was excellent, and, in a depressed economic period, Ohanian’s West Region stood out as the one region that was growing and profitable. In the fall of 1980, when Avis’s Northeast Region was doing badly, the president of Avis asked Ohanian to take over that region. Ohanian was reluctant to do so because he and his family liked living in San Francisco, and he had developed a good team in the West Region, was secure in his position, and feared the politics of the Northeast Region. Ohanian agreed to the transfer only after the general manager of Avis orally told him “unless you screw up badly, there is no way you are going to get fired— you will never get hurt here in this company.” Ohanian did a commendable job in the Northeast Region. Approximately one year later, at the age of 47, Ohanian was fired without cause by Avis. Ohanian sued Avis for breach of the oral lifetime contract. Avis asserted the Statute of Frauds against this claim. Who wins? Ohanian v. Avis Rent a Car System, Inc., 779 F.2d 101, Web 1985 U.S. App. Lexis 25456 (United States Court of Appeals for the Second Circuit)

House prices: The following table presents prices, in thousands of dollars, of single-family homes for 20 of the 25 largest metropolitan areas in the United States for the third quarter of 2012 and the third quarter of 2013.

Source: National Realtors Association

(a) Find the mean and median price for 2012. Round the answers to at least two decimal places.

(b) Find the mean and median price for 2013. Round the answers to at least two decimal places.

(c) In general, house prices increased from 2012 to 2013. Which increased more, the mean or the median?

Airbus sold an A400 aircraft to Delta Airlines, a U.S. company, and billed $30 million pay- able in six months. Airbus is concerned about the euro proceeds from international sales and would like to control exchange risk. The current spot exchange rate is $1.05/€ and the six-month forward exchange rate is $1.10/€. Airbus can buy a six-month put option on U.S. dollars with a strike price of €0.95/$ for a premium of €0.02 per U.S. dollar. Currently, six- month interest rate is 2.5 percent in the euro zone and 3.0 percent in the United States. a. Should a firm hedge? Why or why not? b. Compute the guaranteed euro proceeds from the American sale if Airbus decides to hedge using a forward contract. c. If Airbus decides to hedge using money market instruments, what action does Airbus need to take? What would be the guaranteed euro proceeds from the American sale in this case? d. If Airbus decides to hedge using put options on U.S. dollars, what would be the “expected” euro proceeds from the American sale? Assume that Airbus regards the current forward exchange rate as an unbiased predictor of the future spot exchange rate. e. At what future spot exchange do you think Airbus will be indifferent between the option and money market hedge?

Airbus sold an A400 aircraft to Delta Airlines, a U.S. company, and billed $30 million pay- able in six months. Airbus is concerned about the euro proceeds from international sales and would like to control exchange risk. The current spot exchange rate is $1.05/€ and the six-month forward exchange rate is $1.10/€. Airbus can buy a six-month put option on U.S. dollars with a strike price of €0.95/$ for a premium of €0.02 per U.S. dollar. Currently, six- month interest rate is 2.5 percent in the euro zone and 3.0 percent in the United States.

a. Should a firm hedge? Why or why not?

b. Compute the guaranteed euro proceeds from the American sale if Airbus decides to hedge using a forward contract.

c. If Airbus decides to hedge using money market instruments, what action does Airbus need to take? What would be the guaranteed euro proceeds from the American sale in this case?

d. If Airbus decides to hedge using put options on U.S. dollars, what would be the “expected” euro proceeds from the American sale? Assume that Airbus regards the current forward exchange rate as an unbiased predictor of the future spot exchange rate.

e. At what future spot exchange do you think Airbus will be indifferent between the option and money market hedge?

A Gallup Poll showed that 44% of Americans are satisfied with the way things are going in the United States. Suppose a sample of 25 Americans are selected. Based on this information, generate a cumulative binomial probability.

Find the probability that no less than 10 Americans are satisfied with the way things are going.

Find the probability that exactly 15 Americans are not satified with the way things are going.

Find the probability that the number of Americans who are satified with the way things are going differs by greater than 2 from the mean.

Find the probability that greater than 4 Americans are satified with the way things are going.

Find the probability that at least 17 Americans are not satified with the way things are going.

Find the probability that no more than 5 Americans are satified with the way things are going.

Find the probability that more than 25% but at most 50% of these Americans are satified with the way things are going.

Marketing Lemonade Worksheet Scenario Your team is looking for a way to make some revenue as either a for-profit or not-for-profit organization. This organization can market locally, nationally, or internationally, and can be a privately-owned company or a franchised organization. The product that you have decided to sell is lemonade. To make the endeavor work, you will have to define a marketable form of the drink and decide on a target market. Your marketing team's mission is to prove through research, strategy development, and reasoning why this form of this product is viable and will meet the company's goals. In the first half of this project, your team will complete this worksheet to report on the following: • Target market • Product’s definition to the target market • Viable pricing strategy • Brand's position in the competitive environment Complete the Following 1. Select a company name and determine the real business world industry of operation. Company Name Industry of Operation Phoenix Lemonade, Inc. A family owned corporation that distributes their lemonade varieties to various locations across the United States. You can find their brands anywhere from supermarkets to Gas Stations. Their mission is to provide unique flavors of lemonade that will stand out from their competitors.

Please respond to the Following question:

1. Discuss the maturity life cycle stages of your product in no more than 90 words for each stage.

Read the issue brief from the Robert Wood Johnson Foundation entitled “Education Matters for Health” 2009

There appears to be a dose-response relationship between educational attainment and health—the more you get, the better it is. Why this is true is not clearly understood, though several reasonable hypotheses have been proposed. Describe the 3 interrelated pathways presented as explanations for this relationship in this brief. Which do you feel is the strongest? Why? According to data presented in the brief, “the United States is the only industrialized nation where young people currently are less likely than members of their parents’ generation to be high-school graduates.” What evidence is given to support this statement? Why do you think this situation exists? What will it take to correct it? As would be expected, parents’ educational attainment is linked to their children’s health and even their educational attainment. These linkages, in turn, influence the health and educational attainment of their children’s children, as well, perpetuating an endless intergenerational cycle of high (or low) educational attainment and its associated better (or poorer) health. How does this fit with the biblical understanding of multigenerational influence (Exodus 34:6–7)? In what ways can the Church help interrupt the vicious cycle beginning with low educational attainment? Pray that God will use you to be a positive influence on your children in this area or on others whom God will bring across your path.

a.

In general, high school and college students are the most pathologically sleep-deprived segment of the population. Their alertness during the day is on par with that of untreated narcoleptics and those with untreated sleep apnea. Not surprisingly, teens are also 71 percent more likely to drive drowsy and/or fall asleep at the wheel compared to other age groups. (Males under the age of twenty-six are particularly at risk.)

The accompanying data set represents the number of hours 25 college students at a small college in the northeastern United States slept and is from a random sample. Enter this data into C1 of Minitab Express.

6 9 7 7 6 7 7 5 8 6 6 6 8 8 8 5 4 6 7 8 5 8 7 6 7

For the analyses that follow, we shall use

·         90%, 95%, and 99% as the confidence levels for the confidence interval.

·      5% as the level of significance ( ) for the hypothesis test.

·         7 hours sleep as the null hypothesis (according to The Sleep Foundation).

l.     Using a 5% level of significance, α = 0.05, make a statistical DECISION regarding the plausibility of the hypotheses; that is, would you reject or fail to reject the null hypothesis? Justify your answer.

a.    Describe what the p-value measures in the context of this study. This is also referred to as “interpreting the p-value.” S

1.To a FBO manager that is involved in the sale and trade of aircraft it would be necessary to understand that __________ aircraft sell more quickly than __________ aircraft.