Assume the following information
| Current spot rate of New Zealand dollar | = | $0.41 |
| Forecasted spot rate of New Zealand dollar 1 year from now | = | $0.43 |
| One-year forward rate of the New Zealand dollar | = | $0.42 |
| Annual interest rate on New Zealand dollars | = | 0.075 |
| Annual interest rate on U.S. dollars | = | .09 |
Given the information in this question, the return from covered interest arbitrage by U.S. investors with $479,000 to invest is about ________.
In: Finance
To generate leads for new business, Gustin Investment Services offers free financial planning seminars at major hotels in Southwest Florida. Gustin conducts seminars for groups of 25 individuals. Each seminar costs Gustin $3500, and the average first-year commission for each new account opened is $5000. Gustin estimates that for each individual attending the seminar, there is a 0.01 probability that he/she will open a new account.
Determine the equation for computing Gustin’s profit per seminar, given values of the relevant parameters.
To generate leads for new business, Gustin Investment Services offers free financial planning seminars at major hotels in Southwest Florida. Gustin conducts seminars for groups of 25 individuals. Each seminar costs Gustin $3500, and the average first-year commission for each new account opened is $5000. Gustin estimates that for each individual attending the seminar, there is a 0.01 probability that he/she will open a new account. What type of random variable is the number of new accounts opened? Hint: Review Appendix 16.1 for descriptions of various types of probability distributions.
To generate leads for new business, Gustin Investment Services offers free financial planning seminars at major hotels in Southwest Florida. Gustin conducts seminars for groups of 25 individuals. Each seminar costs Gustin $3500, and the average first-year commission for each new account opened is $5000. Gustin estimates that for each individual attending the seminar, there is a 0.01 probability that he/she will open a new account.
Construct a spreadsheet simulation model to analyze the profitability of Gustin’s seminars (you'll upload this in the last question of the test). Would you recommend that Gustin continue running the seminars? Why?
To generate leads for new business, Gustin Investment Services offers free financial planning seminars at major hotels in Southwest Florida. Gustin conducts seminars for groups of 25 individuals. Each seminar costs Gustin $3500, and the average first-year commission for each new account opened is $5000. Gustin estimates that for each individual attending the seminar, there is a 0.01 probability that he/she will open a new account.
How large of an audience does Gustin need before a seminar’s expected profit is greater than zero? (Enter the number only)
In: Finance
haleen: Pregnancy & Lactation Case Study (10 pts.) Instructions: This case study assignment should be treated as a short paper, including a cover page, a heading, and page numbers. Set up the paper with one-inch margins, double-spacing, with the font set at 12-point Times New Roman. The introduction to the paper should summarize the case you have chosen to discuss. Responses to the case study questions should be written in paragraph form. Each paragraph in the case study should begin with an introductory statement that lets the reader know what topic you will be addressing in the paragraph. For example, if the case study question asks, “What nutrients are deficient in Shaleen’s diet, based on her current diet history?” You might start the discussion in this paragraph by indicating: “Shaleen has X nutritional deficiencies, based on her diet history. Her current diet consists of XXXXX. She is deficient in XXXXX.” The paragraph would continue with the explanation (or rationale) for your response: “According to Rolfe et al. (2012), a 16-year-old requires XXXXX. Because she is pregnant, she also XXXXX and so on. Scenario: Shaleen is a 16-year-old inner-city youth and high school student. She requests a pregnancy test at the Public Health Clinic. The pregnancy test is positive and she informs the clinic that her last menstrual period was 8 weeks ago. Previous History: Shaleen has had two previous pregnancies, one a stillbirth in which she gained 15 pounds and the baby weighed 4 pounds at term. The other ended due to a miscarriage at 9 weeks gestation and occurred 6 months ago. Her first pregnancy was at the age of 13. Social History: Lives at home with her mother and 5 siblings. Her mother provides the only income as a third shift waitress at a local 24-hour restaurant. The family receives $200 per month in food stamps. You speak with Shaleen at the Public Health Clinic after she receives the positive results of her pregnancy test. A brief diet and health history indicates the following information. She is a three-year smoker and is constantly concerned about her weight. Her diet consists mainly of diet cola, pizza, burgers, hot dogs, and convenience pasta dishes like Spaghetti-Os. She does get school lunch for free because of her family income level but rarely eats the fruits and vegetables or drinks the milk. Since Shaleen is the eldest sibling, she prepares meals for her younger siblings and sometimes does not have time herself to eat what has been prepared. Physical Exam: Ht = 5’6” Usual Wt = 108 lbs. Present Wt = 110 lbs. BMI = BP = 118/76 Blood glucose = 100 Shaleen’s pregnancy progresses without any problems until at 30 weeks her physician becomes concerned because her blood pressure has risen to 140/95, her blood glucose is 180, and she has gained 7 lbs. in two weeks. She is showing signs of generalized edema and she has protein and ketones in her urine. Her weight at this time is 118 lbs. Questions:
5) As a teenager, Shaleen is probably exposed to the peer pressure of alcohol consumption. What types of concerns should you make Shaleen aware of with alcohol intake during pregnancy? What is the recommendation for alcohol intake during pregnancy for any woman?
6) How could Shaleen best ensure adequate nutrition for her newborn? What arguments would you use in favor of this method when consulting with Shaleen?
In: Nursing
haleen: Pregnancy & Lactation Case Study (10 pts.) Instructions: This case study assignment should be treated as a short paper, including a cover page, a heading, and page numbers. Set up the paper with one-inch margins, double-spacing, with the font set at 12-point Times New Roman. The introduction to the paper should summarize the case you have chosen to discuss. Responses to the case study questions should be written in paragraph form. Each paragraph in the case study should begin with an introductory statement that lets the reader know what topic you will be addressing in the paragraph. For example, if the case study question asks, “What nutrients are deficient in Shaleen’s diet, based on her current diet history?” You might start the discussion in this paragraph by indicating: “Shaleen has X nutritional deficiencies, based on her diet history. Her current diet consists of XXXXX. She is deficient in XXXXX.” The paragraph would continue with the explanation (or rationale) for your response: “According to Rolfe et al. (2012), a 16-year-old requires XXXXX. Because she is pregnant, she also XXXXX and so on. Scenario: Shaleen is a 16-year-old inner-city youth and high school student. She requests a pregnancy test at the Public Health Clinic. The pregnancy test is positive and she informs the clinic that her last menstrual period was 8 weeks ago. Previous History: Shaleen has had two previous pregnancies, one a stillbirth in which she gained 15 pounds and the baby weighed 4 pounds at term. The other ended due to a miscarriage at 9 weeks gestation and occurred 6 months ago. Her first pregnancy was at the age of 13. Social History: Lives at home with her mother and 5 siblings. Her mother provides the only income as a third shift waitress at a local 24-hour restaurant. The family receives $200 per month in food stamps. You speak with Shaleen at the Public Health Clinic after she receives the positive results of her pregnancy test. A brief diet and health history indicates the following information. She is a three-year smoker and is constantly concerned about her weight. Her diet consists mainly of diet cola, pizza, burgers, hot dogs, and convenience pasta dishes like Spaghetti-Os. She does get school lunch for free because of her family income level but rarely eats the fruits and vegetables or drinks the milk. Since Shaleen is the eldest sibling, she prepares meals for her younger siblings and sometimes does not have time herself to eat what has been prepared. Physical Exam: Ht = 5’6” Usual Wt = 108 lbs. Present Wt = 110 lbs. BMI = BP = 118/76 Blood glucose = 100 Shaleen’s pregnancy progresses without any problems until at 30 weeks her physician becomes concerned because her blood pressure has risen to 140/95, her blood glucose is 180, and she has gained 7 lbs. in two weeks. She is showing signs of generalized edema and she has protein and ketones in her urine. Her weight at this time is 118 lbs. Questions:
How would her caloric and nutrient needs change if she decided to breastfeed? What general dietary recommendations should be given to ensure that these nutrient changes are met?
If she decides to formula feed, how much should she offer and are there any cautionary points that she should be concerned about with this method of feeding? How does this food choice differ from breast milk?
In: Nursing
1. Keynes' approach to explaining the macroeconomy mathematically was to ____.
|
describe the behavior of the economy at the individual level by using equations that described individual behavior |
|
|
describe the economy by imagining an invisible hand that is beyond the control of humans |
|
|
describe the behavior of the economy in the aggregate by using equations that described aggregate behavior |
2. Neoclassical economics is the basis for much of modern MICROeconomics and tries to explain why individuals and firms in an economy make their decisions. Two of the major assumptions in neoclassical economics are that ____.
|
individuals purchase goods for the maximum amount that they would pay for those goods, and goods should be supplied by monopolists |
|
|
governments maximize bureaucracy and firms maximize democracy |
|
|
individuals maximize their utility (happiness) and firms maximize profits |
|
|
corporations are more efficient than partnerships, and members of groups tend to do what's best for the group |
3. One of the biggest intellectual evolutions in the development of macroeconomics in the 20th century was the melding of Keynesian concepts with the neoclassical MICROeconomics mentioned in the previous question. What was this union of ideas called?
|
the Austrian school of economics |
|
|
taco Tuesday |
|
|
the neoclassical synthesis |
|
|
Keynesianism |
|
|
the meeting of the minds |
4. Paul Samuelson was an MIT professor who emphasized the importance of mathematical rigor when teaching macroeconomics and economics in general. In this way, he and others were extremely important in developing economic thought not just as a philosophical subject but as a science. He emphasized the importance of mathematical economics (the subfield of economics that involves all of the math used in economics) to the economist. What school of economic thought is he generally placed in?
|
New Keynesian |
|
|
Post-Keynesian |
|
|
Monetarist |
|
|
Neo-Keynesian |
5. The Neo-Keynesian economists were the mainstream economists in the 1950s and 1960s. They taught the Phillips curve. William Phillips originally observed the negative correlation of inflation and the unemployment rate, but Phillips himself did not propose that there was a particular relationship between inflation and unemployment. Which prominent monetarist proposed that the Phillips curve only held in the short run and could break down in the long run?
|
Adam Smith |
|
|
John Maynard Keynes |
|
|
Leon Walras |
|
|
Milton Friedman |
|
|
Tyler Perry |
6. Monetarists subscribe to the quantity theory of money, which is variously stated as MV=PY or MV=PQ, where M is the amount of money in a country, V the rate at which money is turned over in an economy (i.e. how many times the same dollar is spent in a year), P prices and Y or Q the amount of real production or real income. One conclusion from this is that if V and Y (or Q) are constant, then any increase in the money supply just results in higher prices. Which 16th century Polish astronomer initially observed this phenomenon?
|
Isaac Newton |
|
|
Johannes Kepler |
|
|
Copernicus |
|
|
Neil deGrasse Tyson |
|
|
Galileo |
7. Just as predicted, the Phillips Curve collapsed (the relationship between inflation and the unemployment rate changed after governments tried to develop policies to exploit that relationship - i.e. lowering unemployment by creating inflation). Economist Robert Lucas then wrote what later became known as the "Lucas critique," in which he stated that just because a aggregate relationship was observed to exist doesn't mean governments should create policy to exploit that relationship. This led to a revolution in macroeconomics that broke away from Neo-Keynesianism and sought to add microfoundations to macroeconomics. What are microfoundations?
|
assuming that governments are led by benevolent dictators that redistribute wealth in the most efficient manner possible |
|
|
trying to write simple equations that explain macroeconomic behavior |
|
|
ignoring the behaviors of individuals and assuming that everything unfolds according to an invisible hand |
|
|
making sure the behaviors of agents in an economic system can be explained by sound microeconomics before aggregating their behavior to the macro level |
In: Economics
Morning Sky, Inc. (MSI), manufactures and sells computer games. The
company has several product lines based on the age range of the
target market. MSI sells both individual games as well as packaged
sets. All games are in CD format, and some utilize accessories such
as steering wheels, electronic tablets, and hand controls. To date,
MSI has developed and manufactured all the CDs itself as well as
the accessories and packaging for all of its products.
The gaming market has traditionally been targeted at teenagers and young adults; however, the increasing affordability of computers and the incorporation of computer activities into junior high and elementary school curriculums has led to a significant increase in sales to younger children. MSI has always included games for younger children but now wants to expand its business to capitalize on changes in the industry. The company currently has excess capacity and is investigating several possible ways to improve profitability.
MSI has been approached by a fourth-grade teacher from Portland
about the possibility of creating a specially designed game that
would be customized for her classroom and environment. The teacher
would like an educational game to correspond to her classroom
coverage of the history of the Pacific Northwest, and the state of
Oregon in particular. MSI has not sold its products directly to
teachers or school systems in the past, but its Marketing
Department identified that possibility during a recent
meeting.
The teacher has offered to buy 2,500 copies of the CD at a price of
$6.00 each. MSI could easily modify one of its existing educational
programs about U.S. history to accommodate the request. The
modifications would cost approximately $470. A summary of the
information related to production of MSI’s current history program
follows:
| Direct materials | $ | 1.17 |
| Direct labor | 0.45 | |
| Variable manufacturing overhead | 2.19 | |
| Fixed manufacturing overhead | 1.80 | |
| Total cost per unit | $ | 5.61 |
| Sales price per unit | $ | 13.00 |
Required:
1. Compute the incremental profit (or loss) from accepting
the special order.
2. Should MSI accept the special order?
3. Suppose that the special order had been to purchase 2,500 copies of the program for $2.50 each. Compute the incremental profit (or loss) from accepting the special order under this scenario.
4. Suppose that MSI is operating at full capacity. To accept the special order, it would have to reduce production of the history program. Compute the special order price at which MSI would be indifferent between accepting or rejecting the special order.
MSI is considering outsourcing the production of the handheld control module used with some of its products. The company has received a bid from Monte Legend Co. (MLC) to produce 21,000 units of the module per year for $24.00 each. The following information pertains to MSI’s production of the control modules:
| Direct materials | $ | 13 |
| Direct labor | 6 | |
| Variable manufacturing overhead | 4 | |
| Fixed manufacturing overhead | 5 | |
| Total cost per unit | $ | 28 |
MSI has determined that it could eliminate all variable costs if
the control modules were produced externally, but none of the fixed
overhead is avoidable. At this time, MSI has no specific use in
mind for the space that is currently dedicated to the control
module production.
Required:
1. Compute the difference in cost between making and
buying the control module.
2. Should MSI buy the modules from MLC or continue to make them?
3-a. Suppose that the MSI space currently used for the modules could be utilized by a new product line that would generate $29,000 in annual profit. Recompute the difference in cost between making and buying under this scenario.
3-b. Does this change your recommendation to MSI?
In: Accounting
Magical Elves Theater
Magical Elves Theater is located in the Brooklyn Mall. A cashier’s booth is located near the entrance to the theater. Three cashiers are employed. One works from 1–5 p.m., another from 5–9 p.m. The shifts are rotated among the three cashiers. The cashiers receive cash from customers and operate a machine that ejects serially numbered tickets. The rolls of tickets are inserted and locked into the machine by the theater manager at the beginning of each cashier’s shift.
After purchasing a ticket, the customer takes the ticket to an usher stationed at the entrance of the theater lobby some 60 feet from the cashier’s booth. The usher tears the ticket in half, admits the customer, and returns the ticket stub to the customer. The other half of the ticket is dropped into a locked box by the usher.
At the end of each cashier’s shift, the theater manager removes the ticket rolls from the machine and makes a cash count. The cash count sheet is initialed by the cashier. At the end of the day, the manager deposits the receipts in total in a bank night deposit vault located in the mall. The manager also sends copies of the deposit slip and the initialed cash count sheets to the theater company treasurer for verification and to the company’s accounting department. Receipts from the first shift are stored in a safe located in the manager’s office.
Required:
Hasagama Middle School
Hasagama Middle School wants to raise money for a new sound system for its auditorium. The primary fund-raising event is a dance at which the famous disc jockey D.J. Rivet will play classic and not-so-classic dance tunes. Will Schuester, the music and theater instructor, has been given the responsibility for coordinating the fund-raising efforts. This is Will’s first experience with fund-raising. He decides to put the eighth-grade choir in charge of the event; he will be a relatively passive observer.
Will had 500 unnumbered tickets printed for the dance. He left the tickets in a box on his desk and told the choir students to take as many tickets as they thought they could sell for $5 each. In order to ensure that no extra tickets would be floating around, he told them to dispose of any unsold tickets. When the students received payment for the tickets, they were to bring the cash back to Will and he would put it in a locked box in his desk drawer. Some of the students were responsible for decorating the gymnasium for the dance. Will gave each of them a key to the money box and told them that if they took money out to purchase materials, they should put a note in the box saying how much they took and what it was used for. After 2 weeks the money box appeared to be getting full, so Will asked Luke Gilmor to count the money, prepare a deposit slip, and deposit the money in a bank account Will had opened.
The day of the dance, Will wrote a check from the account to pay the DJ. D.J. Rivet, however, said that he accepted only cash and did not give receipts. So Will took $200 out of the cash box and gave it to D.J. At the dance Will had Mel Harris working at the entrance to the gymnasium, collecting tickets from students, and selling tickets to those who had not prepurchased them. Will estimated that 400 students attended the dance.
The following day Will closed out the bank account, which had $250 in it, and gave that amount plus the $180 in the cash box to Principal Foran. Principal Foran seemed surprised that, after generating roughly $2,000 in sales, the dance netted only $430 in cash. Will did not know how to respond.
Required: Identify as many cash control weaknesses/ improper handling of cash as you can in this scenario, and suggest how each can be addressed.
In: Accounting
Reba Dixon is a fifth-grade schoolteacher who earned a salary of $38,000 in 2019. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from her former husband (divorced in 2016). Reba also rents out a small apartment building. This year Reba received $50,000 of rental payments from tenants and she incurred $19,500 of expenses associated with the rental.
Reba and her daughter heather (20 years old at the end of the
year) moved to Georgia in January of this year. Reba provides more
than one-half of heather’s support. they had been living in
Colorado for the past 15 years, but ever since her divorce, Reba
has been wanting to move back to Georgia to be closer to her
family. luckily, last December, a teaching position opened up and
Reba and heather decided to make the move. Reba paid a moving
company $2,010 to move their personal belongings, and she and
heather spent two days driving the 1,426 miles to Georgia.
Reba rented a home in Georgia. Heather decided to continue living
at home with her mom, but she started attending school full-time in
January and throughout the rest of the year at a nearby university.
She was awarded a $3,000 partial tuition scholarship this year, and
Reba out by paying the remaining $500 tuition cost. If possible,
Reba thought it would be best to claim the education credit for
these
expenses.
Reba wasn't sure if she would have enough
items to her benefit from itemizing on her tax return. However, she
kept track of several expenses this year that she thought might
qualify if she was able to itemize. Reba paid $5,800 in state
income taxes and $12,500 in charitable contributions during the
year. she also paid the following medical-related expenses for
herself and heather:
insurance
premiums $
7,952
medical care
expenses $
1,100
prescription
medicine $
350
nonprescription
medicine $
100
new contact lenses for
heather $
200
Shortly
after the move, Reba got distracted while driving and she ran into
a street sign. the accident caused $900 in damage to the car and
gave her whiplash. because the repairs were less than her insurance
deductible, she paid the entire cost of the repairs. Reba wasn’t
able to work for two months after the accident. fortunately, she
received $2,000 from her disability insurance. her employer, the
central Georgia school district, paid 60 percent of the premiums on
the policy as a nontaxable fringe benefit and Reba paid the
remaining 40 percent portion.
A
few years ago, Reba acquired several investments with her portion
of the divorce settlement. This year she reported the following
income from her investments: $2,200 of interest income from
corporate bonds and $1,500 interest income from city of Denver
municipal bonds. overall, Reba’s stock portfolio appreciated by
$12,000 but she did not sell any of her
stocks. Heather
reported $6,200 of interest income from corporate bonds she
received as gifts from her father over the last several years. this
was heather’s only source of income for the year.
Required:
Complete pages 1 and 2, Schedule 1, and Schedule 3 of Form 1040 for Reba.
In: Accounting
NBC Universal, Condé Nast, the Hearst Corporation, Fox Searchlight, and even Charlie Rose have been or are defendants in class action lawsuits brought against them by unpaid interns who served internships at these companies or for individuals. The suits seek to have back wages paid to those who have served as interns. Traditionally, an unpaid internship was an opportunity for those who lack experience to break into a particular field and gain contacts and experiences by working in that field. The arrangement was viewed as a win-win opportunity. Young people had the opportunity to get a foot in the door for a job, make contacts for future employment, and gain experience. The companies who had the unpaid interns had the opportunity to see their work habits, abilities, and fit within the organization. The companies also held their help—and all without paying wages. However, the U.S. Department of Labor has held that an internship can be unpaid only if the intern is part of an educational training program. If the employer uses the intern in lieu of hiring additional employees or using existing staff, then they are not interns and must be paid compensation according to the terms of the FLSA. The U.S. Supreme Court has ruled on this standard in Walling v. Portland Terminal Co., 330 U.S. 148 (1947). Examples of students involved in the intern litigation include the following: • Matthew Lieb served as an intern at the New Yorker (owned by Condé Nast) in 2009 and 2010. During his time there, he proofed and edited articles, did research for articles, and maintained an online cartoon database. He worked three days per week from 10:00 a.m. until 5:30 p.m. and was paid less than $1 per hour. • Lauren Ballinger served as an intern at W magazine in 2009 and was paid $12 per day to run errands for editors and deliver items to vendors. A court has already found that Fox Searchlight Pictures violated the FLSA when it used unpaid interns in its making of the film Black Swan. The film grossed $300 million, and the class group that brought the suit had worked for very little or nothing on the film. [Glaat, et al. v. Fox Searchlight Pictures, Inc., 2 F.R.D. 516 (S.D.N.Y. 2013)] However, other cases have held that the Department of Labor test for paying interns is too rigid. [Solis v. Laurelbrook Sanitarium and School, Inc., 642 F.3d 518 (6th Cir. 2011)] But see Winfield v. Babylon Beauty School of Smithtown Inc., 89 F. Supp. 3d 556 (E.D.N.Y. 2015). Charlie Rose faced a lawsuit from 190 unpaid interns who worked for him from 2006 through 2012 and settled the case for $110,000. The interns will receive $110 for each week that they worked, for a maximum of 10 weeks. The litigation is likely to continue because a 2013 survey by the National Association of Colleges and Employers (NACE) found that one-half of college students report that their internships were unpaid. The survey was conducted in 2013 and involved 30,000 students. The survey also found that students who held paid internships were more likely to obtain a job with that employer and that their salaries were higher: 60% of students with paid internships got jobs with their employers at a $51,930 starting salary, whereas 37% of students with unpaid internships got jobs with their employers at a starting salary of $35,721.
Please review the For the Manager's Desk section and address the following elements:
Discuss the ethical issues in long-hour internships.
What about internships for no pay?
Are there benefits?
Do both sides benefit from the internship programs?
In: Operations Management
Which statement is true regarding the energies of the bonds that break and form during a highly endothermic reaction?
| The energy needed to break the required bonds is less than the energy released when the new bonds form. |
| The energy needed to break the required bonds is about the same as the energy released when the new bonds form. |
| The energy released when the required bonds break is less than the energy absorbed when the new bonds form. |
| The energy released when the required bonds break is greater than the energy absorbed when the new bonds form. |
| The energy needed to break the required bonds is greater than the energy released when the new bonds form. |
In: Other