1.

The US and Germany both produces beef and computers. In one day, the US can produce either 500 pounds of beef or 200 computers. Germany on the other hand can produce 250 pounds of beef and 500 computers

1a) what is the pre-trade (autarkic) price of computers in the US? _______________________

1b) What is the pre-trade (autarkic) price of computers in Germany? ____________________

1c) Which country has comparative advantage in producing computers? __________________

1d) Going by Ricardo, which country should specialize in computer production? _______________________

1e) If the US and Germany decide to trade with each other, what will be the range of the international trade price of computers ?

_______________________________________________

1f) If the negotiated trade price is 1 computer for 1 pound of beef and Germany decides to keep 300 computers at home and sell the rest, how many pounds of beef can it get in exchange? _______________________________

1g) Based on your answer in part (e), does Germany gain by trading computers with the US? If so, how? Explain.

2.  

Suppose that all goods are made with two factors, labor and capital. The table below shows the total endowments of each factor in the U.S. and Canada.

Endowment for Labor and Capital

2a) Which country has a relative abundance in labor? Which country has capital abundance? How do you know?

2b) What should be the direction of specialization and trade for the US? what should be the direction of trade for Canada? Explain why. Which theory are you utilizing to answer the question?

Short answer response.

Toys "R" Us stores are closing nationwide in the US and the UK after the major industry retailer declared bankruptcy a couple weeks ago.

Please discuss this subject and tie in knowledge pertaining to any of the content covered in class (Intermediate Accounting 2). Please try and keep the answer relative to the field of accounting.

Topics covered in class so far: Earnings per share, Investments, Stockholders equity, Current liabilities and contingencies, Long-term liabilities, Accounting for leases, Dilutive securities, Accounting for income taxes, Accounting for pensions

IMPORTANT - You don't have to provide an answer for each topic, just relate how one or two of these topics significantly relate to the current event.

US Mail The weights of a certain class of packages which go through the US Mail are normally distributed with a mean value of 22 lbs with a standard deviation of 4 lbs. 1) Referring to US Mail, find the probability that a randomly selected package weighs more than 18 lbs.

a) 0.9332 b) 1.0000 c) 0.0000 d) 0.0668 e) 0.0316

2) Referring to US Mail, find the 65th percentile of package weights, i. e., find a value c so that there is a 65% chance that randomly selected package weighs less than c and there is a 35% chance that a randomly selected box weighs more than c.

a) 12.87 b) 13.28 c) 13.56 d) 13.96 e) 14.28

3) Referring to US Mail, find the probability that a randomly selected package weighs between 4 and 26 lbs.

1. By January 2014 the US population had grown to 317.3 million and the US Federal Debt was a reported $17.3 trillion. Calculate the January 2014 Federal Debt per capita and use the calculation in a meaningful sentence.

2. From class we learned that in 2010 the federal debt (in millions) was $13,561,623 and the population of the U.S. was 309 million. Use these values to compute the federal debt per capita in 2010.

3. In 1980, a Domino’s large pizza cost $4.99. What would be the cost of that pizza in 1995 dollars?

4. In 1986, a certain model of car cost $13,000. What would be the cost of that car in 2012 dollars? How does this compare to the actual cost of a typical new car in 2012?

5. According to a NY Times article on December 13, 2009, the average selling price of a 32” LCD TV was $600. What would be the cost of that same TV in 2015 dollars?

6. In 2009, the price of a package of crayons was $2.80. If it was the year 1988, what would the price be?

7. Use the chart below to answer: Using the starting value of $112 in 1995, which year was a better price when considering inflation? 2000, 2007 or 2011? (Assume that 1995 is a fair value for the goods and services.)

1. What do you think would happen to interest rates in the US if the US government deficits increase? What if foreign investors reduce their purchases of 10-year treasuries? Explain briefly.

2. What is the difference between tailoring and tapering?

Simon and Adrienne are healthy people who lived in a rural area with poor health services when they had their first child, Benjie. He had seizures in infancy, and as he grew into toddlerhood it became apparent that he was severely mentally retarded. He died at 26 months of age. Because he had never been diagnosed with a specific disorder, an autopsy was performed. His brain showed signs of great derangement, with nerve cells degenerating and missing. No diagnosis was made, and because no other relatives had been affected, a genetic problem was not suspected. The family physician assured the couple that the condition was not likely to repeat. The couple waited a few years, then had another child after moving to Chicago. When little Julie had the same symptoms as her brother, Simon and Adrienne took her to a major medical center. Urine and cerebrospinal fluid tests revealed large amounts of the chemical carnosine, which consists of two types of amino acids, alanine and histidine, joined together. Digestion should have broken the carnosine down into the individual amino acids, which are small enough to enter the bloodstream. When a medical geneticist learned of Julie's test results, she tested the urine of the parents. Each had half the normal activity for an enzyme called carnosinase. Julie has, and Benjie had, an inherited disorder, carnosinemia.

1. The mode of inheritance for carnosinemia in this family is __________ .

2. What is the biochemical evidence that indicates the mode of inheritance?

3. The probability that Simon and Adrienne can conceive a child who does not inherit carnosinemia is ____

4. The probability that they can conceive a child who is a carrier like they are is_____.

5. Devise a treatment for carnosinemia. 6. In one experiment on two children with carnosinemia, all sources of dietary protein with an alanine next to a histidine were eliminated from the diet. The children still excreted carnosine in the urine. What is an explanation for this finding?

1. What are illusory contours? Discuss in detail an example from the readings. What does the perception of illusory contours tell us about how mid-level vision operates?

2. Describe several of the Laws of Organization that allow us to judge distance that only require bottom-up processing?

3. What are Gestalt grouping rules? Describe each rule, including specifying an example for each.

2. Describe three ways in which the visual system compensates for aspects of the visual stimulus to give us perceptions of a stable, real physical world.

3. What does it mean to assume that the mind is modular? Make sure to clearly distinguish this view from the view that processing structures in the brain are domain general. What evidence supports the modular view and what evidence undermines it?

4. What is difference between bottom-up and top-down processing? Describe in detail an example of each from the theories of visual pattern recognition.

5. What is the difference between an early selection model of attention and a late selection model of attention? Describe an example of each kind of model, including discussing what makes it a model of that type.

5. What are “perceptual committees”? Is there ever an incident where perceptual committees fail? If so, why?

6. What is the global superiority effect? Give an example of this phenomenon. How does this impact our day-to-day lives?

7. Compare and contrast Direct and Constructivist accounts of perception.

Alibaba Group Initial Public Offering: A Case Study of
Financial Reporting Issues
Qing L. Burke
Tim V. Eaton
Miami University

Q6. Alibaba Group’s Consolidated Balance Sheets in its IPO Prospectus report that its retained earnings went from a positive balance in the year ended March 31, 2012 to a large negative balance in the year ended March 31, 2013.

a. Generally speaking, what are the factors that impact a company’s retained earnings?

b. Using the information from Alibaba Group’s Consolidated Financial Statements in its IPO Prospectus, provide possible explanations for factors that contributed to the wild ?uctuations in retained earnings and whether this should cause an investor concern

Two random samples are taken, one from among first-year students and the other from among fourth-year students at a public university. Both samples are asked if they favor modifying the student Honor Code. A summary of the sample sizes and number of each group answering "yes'' are given below:

First-Years (Pop. 1):n1=93 x2=56

Fourth-Years (Pop. 2):,n2=97 x1=62

Is there evidence, at an α=0.07 level of significance, to conclude that there is a difference in proportions between first-years and fourth-years? Carry out an appropriate hypothesis test, filling in the information requested.

A. The value of the standardized test statistic:

B. The P-value is