Joseph, a buyer at Taggart & Smith, a Georgia-based purveyor of custom stereos for auto enthusiasts, was doing some number crunching. Taggart & Smith was reevaluating its suppliers for a key component of the custom stereo, the sub-woofer. After some extensive evaluation, Joseph had narrowed it down to two suppliers and he was comparing them. PeachTree SpeakerWorks was a regional company and China Sound was based in Guangdong Province, China. Given the following information that Joseph compiled, use total cost analysis to determine which supplier is more cost-effective for Taggart & Smith. Late delivery of the sub-woofer results in either a lost sale (thus lost profit) or a customer backorder (each time there is a backorder, it costs $275). Assume for the cost comparison that the company orders 12 times per year, the order quantity is 6,833 units, and that the annual requirement (forecast) is 82,000 units. Each time that he orders from a domestic supplier, Joseph estimates that it costs the company $ 593 and each time he orders from international suppliers, it costs about $1,413. For purposes of calculating quality problems and declaring the value for customs and insurance, Joseph uses the expected invoice amount (purchase cost + packing/packaging) as a base. Joseph also knows that additional factory inspection trips will need to be made to the China facility to support the company’s environmental, social, and quality goals.

What should Joseph do? Taking in consideration procurement rules of thumb regarding international sourcing and based on the analysis below, should he source globally or domestically?

Enter Global or Domestic.

A U.S firm has sold an Italian firm E1,000,000 worth of product. In one year the U.S firms get paid. To hedge, the us firm bought put options on the euro with a strike price of 1.65. They paid an option premium $0.01 per euro. If at maturity, the exchange rate is 1.60. What will the firm realize the sale net of the cost of hedging?

Imagine you were a U.S.-based fast-food giant interested in developing business in the massive Mumbai, India marketplace. Your focus in your operations across your U.S. and European markets is the lunch day-part. What challenges will you likely encounter as you attempt to establish your business in this market? How might you choose to compete?

Suppose a new study reveals major health benefits from the consumption of avocados, of which Mexico is the world’s largest producer. As a result of the study, U.S. citizens start eating more avocados. Using a model of exchange rates, explain and illustrate the effect of this change in consumer preferences on both Mexican pesos and U.S. dollar markets.

Please draw graph

1. Explain the concept of PPP theorem. How does it influence long term exchange rates?

2. Numerical problems about undervaluation/overvaluation of currencies; application of PPP theorem.

3. If U.S. visitors to Mexico can buy more goods in Mexico than they can in the U.S. when they convert their dollars to pesos, is the dollar undervalued or overvalued? Explain.

(15%). 2. Provide some basic statistics on the Wealth vs. Income inequality in the U.S.

Which one is higher?

Better answers will start with explaining what the difference between wealth and income inequality is,

then provide key statistics on where the U.S. on each of the measures and how it compares to other countries,

and concluded with a few words of discussion what these numbers mean.

The blood cholesterol levels for U.S. adults are normally distributed, with μ = 202 and σ = 41 (units in milligrams per deciliter). A random sample of 60 U.S. adults are chosen and their cholesterol levels are measured. Find P(x⎯⎯⎯ > 210) for n = 60. Enter your answer as an area under the curve with 4 decimal places. P(x⎯⎯⎯ > 210) =

• Do you think the promotion/relegation system should/could be applied to the MLB or NFL professional sports leagues in the U.S.? Why or why not?
• Given the revenue structure of U.S. professional sports teams and European football teams, which leagues will be hurt most if games/matches are played with no or fewer fans attending (ticket sales) because of covid-19? Why?

What methods have been used throughout human history to ease the birth process, that are no longer routinely utilized in U.S. hospitals? Were there any aspects of the typical birth process in the U.S. that you assumed were normal and natural, that you are now reconsidering? If you were pregnant, or the partner of a pregnant woman, what would you envision as the ideal birth?

1. Explain how shrimp "dumping" by Vietnam and China affect the U.S. seafood market.
2. Why would consumers argue that consumers will lose if the U.S. imposes a tariff on shrimp from Vietnam and China?
3. Why would labor unions and politicians argue that tariffs should be imposed on shrimp imports
4. What is your position and how would you defend your position?