Read the scenario. The things you say online can come back to haunt you. Organizations are using Google, Twitter, Instagram, and Facebook to check out applicants and current employees. In fact, some organizations see Google as a way to get "around discrimination laws, inasmuch as employers can find out all manner of information-some for a nominal fee-that is legally off-limits in interviews: your age, your marital status, fraternity pranks, stuff you wrote in college, political affiliations and so forth." And for those individuals who like to rant and rave about employers, there might be later consequences. That's why one senior at the University of Massachusetts pulled his Facebook profile.

Post your answers to the following questions, with regard to the scenario

What do you think about what companies are doing?

What positives and negatives are there to such behavior?

What are the ethical implications?

What guidelines might you suggest for an organization's selection process?

The family planning wing of the health department of a certain state wishes to conduct a survey at a university campus for estimating the average time gap between the births of children in families having two children. The frame available, of course, lists all the 400 families of the campus. As the prior identification of the families in the population, who have just two children was difficult, the investigator selected a WOR random sample of 50 families. In the sampled families, 20 families were found having two children. These 20 families were interviewed, and the information collected was:

Estimate the average gap between the births of two children, and obtain confidence limits for it.

Question 2: Single proportion

A large corporation’s training and development manager wants to determine a 98% confidence interval for the proportion of employees who have enrolled with universities while being employed. A sample of 990 employees indicates that 198 of them have started programmes with universities.

Due to a recent change in its training and development policy, the corporation is required to show that at least 25% of its employees have enrolled with universities while being employed.

Answer the following questions:

• What proportion of the sample employees have enrolled at a university while being employed?
• Navigate to the “Confidence interval” tab and, using the calculated proportion, determine the endpoints of the confidence interval as a proportion of employees. What do these values mean?
• Navigate to the “Sample size” tab and calculate how many more employees should be sampled to estimate the true proportion to within 0.02 (or 2%).
• Based on your calculations of the confidence interval, has the corporation met the requirements of the recent change in its training and development policy?

The US and China produce aircrafts (A) and cloths (C), using capital (K) and labor (L). The US is K-abundant relative to China and aircrafts are K-intensive relative cloths. Assume that the two countries have identical demand preferences and technology used in production.(1)Draw PPF for each nation in a single graph with C on the horizontal axis, and indicate both countries’ autarky equilibrium (A China and A US) and autarky price line(P China and P US).

Define uncovered interest parity. What is the relationship among the forward exchange rate, the spot exchange rate, and the interest rate? Suppose the (1-year) interest rate on bank deposits is 2% in Canada and 1.75% in United States. If the (1-year) forward US$–C$ exchange rate is C$1.25 per US$ and the spot rate is C$1.2 per US$, will the C$ depreciation or appreciation against the US$ over one year, and by how much?                                                                    

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Required:
1. Compute cost of goods available for sale and the number of units available for sale.

Beginning inventory

Purchases:

March 5

March 18

March 25

Total-

Compute the number of units in ending inventory.
Ending Inventory _____ units

Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 85 units from beginning inventory and 215 units from the March 5 purchase; the March 29 sale consisted of 65 units from the March 18 purchase and 105 units from the March 25 purchase.

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 85 units from beginning inventory and 215 units from the March 5 purchase; the March 29 sale consisted of 65 units from the March 18 purchase and 105 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)

FIFO LIFO Avg Cost Spec ID

Sales

Less: Costs of goods sold

Gross Profit

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Problem 5-1A Part 1

Required:
1. Compute cost of goods available for sale and the number of units available for sale.

Problem 5-1A Part 2

2. Compute the number of units in ending inventory.

Problem 5-1A Part 3

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 65 units from beginning inventory and 195 units from the March 5 purchase; the March 29 sale consisted of 45 units from the March 18 purchase and 85 units from the March 25 purchase.

Problem 5-1A Part 4

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 65 units from beginning inventory and 195 units from the March 5 purchase; the March 29 sale consisted of 45 units from the March 18 purchase and 85 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)

Problem 1-35 Recording events in a horizontal statements model

CHECK FIGURES

a. Net Income: $23,000

e. Net Cash Flow from
Operating Activities: $23,000

Maben Company was started on January 1, 2018, and experienced the following events during its first year of operation:

Acquired $30,000 cash from the issue of common stock.

Borrowed $40,000 cash from National Bank.

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Earned cash revenues of $48,000 for performing services.

Paid cash expenses of $25,000.

Paid a $1,000 cash dividend to the stockholders.

Acquired an additional $20,000 cash from the issue of common stock.

Paid $10,000 cash to reduce the principal balance of the bank note.

Paid $53,000 cash to purchase land.

Determined that the market value of the land is $75,000.

Required

Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). The first event is shown as an example.

PROBLEM 1-35

a.

b. Total Assets = $         + $            = $

c.

PROBLEM 1-35 (cont.)

d. Net income $                .

e.

f.       Percentage of assets is provided as follows:

          Investors            ($           ÷ $             )     . %

          Creditors            ($            ÷ $             )       . %

          Earnings             ($            ÷ $             )       . %

g.     

1.