The patient has changed his eating habits over the past 6 months. He started to control the amount of calories he consumed and kept it below 3000 kcal/day. He got a membership at the local gym, but due to his busy schedule he wasn’t been able to spend time working out “maybe goes once a week”. Four weeks ago he started a “fad diet” to help him lose more weight. He is 26 years old now, his blood pressure is 125/76, he weighs 200lb, he is 5'9" and his waist circumference is 40in. He recorded what he ate during the last 2 weeks and these are the results: 2700 kcal/day (total daily intake), 1000 kcal from lipids, 1200 kcal from protein and 500 kcal from carbohydrates.

List one positive thing about his current diet and explain how you came to that conclusion.

Do you think there have been changes in the way he metabolizes lipids since he started the diet? What kind of changes? Explain.

1. Discuss the role genetics plays in the development of bipolar 2 disorders.  
2. Explain how the hypothalamic-pituitary-adrenal (HPA) system may be associated with bipolar type 2 disease.
3. Discuss the role inflammatory cytokines play in the development and exacerbation of bipolar type 2 symptoms
4. Discuss the role of the amygdala in bipolar disorder.
5. How does neurochemical dysregulation contribute to bipolar disorders?
6. What is the status of the use of nutraceuticals in management of depression?
7. What are pnictogens and how do they contribute to the development of panic attack symptoms?
8. How does the GABA-benzodiazepine (BZ) receptor systems contribute to panic attacks/disorders?
9. Describe the areas of the brain that are associated with social anxiety disorder.
10. How is oxytocin associated with anxiety disorder (SAD)?
11. Discuss the role of neurotransmitters in the expression of generalized anxiety disorder (GAD).  
12. Explain the structural brain changes that occur in people with GAD.
13. Describe the changes seen in the brain structure in patients with PTSD.
14. Briefly discuss the role glucocorticoids may have on the development of PTSD.
15. What is primary pathophysiology of obsessive-compulsive disorder (OCD?
16. Describe the role the dorsal anterior cingulate cortex (dACC) has in reinforcement of obsessive behaviors.

To produce a cash flow income statement, the direct method calculates operating cash flows by:

a.adjusting net income for noncash items.

b.adjusting each line of the income statement.

c.adjusting the income statement for changes only in current liabilities.

d.adjusting net income for changes in all the current assets.

Which of the following is an example of a cash equivalent?

a.A patent

b.A long-term investment

c.A money market fund

d.A prepaid expense

Following is the financial information of Merry Company for the year ended December 31, 20X1. Compute net cash from financing activities.

a.$150,000

b.$98,000

c.$52,000

d.$198,000

Consider the following information for Rhombus Company:

Calculate cash from operating activities using the direct method.

a.$78,000

b.$36,000

c.$56,000

d.$27,000

On January 1, Year One, Landon Corporation decides to lease a truck for $20,000 per year for three years. The annual incremental borrowing rate for Landon is 10 percent. The truck has a life of five years. Landon cannot buy or obtain title to the truck. The present value of an annuity due of $1 for three years at an annual interest rate of 10 percent is $2.73554. At the last moment, Landon changes the contract to four years instead of three. No other changes are made. The present value of an annuity due of $1 for four years at an annual interest rate of 10 percent is $3.48685.

a. How did the change from three years to four years affect the expense to be reported by Landon

in Year One?

b. How did the change from three years to four years affect the expense to be reported by Landon

in Year Two?

c. After changing the contract to four years, what net book value will be shown for the leased truck

at the end of Year One?

d. After changing the contract to four years, what lease liability balance will be shown at the end of

Year One?

(a) Ericson Corporation’s total assets are projected to increase by $30 million next year. Ericson is also scheduled to repay $14 million in debt next year. Other than this repayment, no changes in liabilities are currently scheduled. Ericsons’s income is projected to be $4 million, half of which will be paid as a dividend. What is the amount of Ericson’s External Funds Needed (EFN) for next year?

(b) Ericson’s $4 million net income consists of $33 million in revenues, less $25 million in various cash-based costs, and $4 million in depreciation expense.   Also, of the $30 million increase in assets, $2 million is attributable to an increase in inventory and receivables.   No other changes in working capital are anticipated.   What is the amount of Ericson’s operating cash flow?

(c) Evaluate the following statement: In order to maximize shareholder value, it is important that the company always select those investments that provide the highest internal rate of return.

(d) Evaluate the following statement: In order to maximize shareholder value, it is important that the company select projects whose payoffs have low correlations with each other, since this reduces the risk of the company.

1. Which of the following about maturity gap is true?
   1. It can be used for forecasting the change in market value of equity
   2. It takes into account the schedule of the cash flows of an asset ot a liability
   3. It focuses only on the changes in net interest income resulting from the changes in interest rates
   4. It takes into account the time value of money

2. Suppose the bank has a negative maturity gap of 2 years. If interest rates increase by 2 percentage points, the market value of equity will
   1. Increase because of the exposure to reinvestment risk
   2. Decrease because of the exposure to reinvestment risk
   3. Increase because of the exposure to refinancing risk
   4. Decrease because of the exposure to refinancing risk

3. Maturity gap is
   1. The difference between the size of assets and liabilities
   2. The difference between rate-sensitive assets and rate-sensitive liabilities
   3. The difference between duration of assets and duration of liabilities
   4. None of the above
4. Refer to the following balance sheet information:

5. Assets	amount, $ mln	Liabilities	amount, $ mln
   Cash	10	Deposits	50
   T-bills	20	CDs	20
   Loans	50	Equity	10
   	80		80

   Calculate the average maturity of assets and liabilities. (2 points)

We are evaluating a project that costs $650,000, has a life of 5 years, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 45,000 units per year. Price per unit is $56, variable cost per unit is $26, and fixed costs are $860,000 per year. The tax rate is 21 percent and we require a return of 14 percent on this project.

a. Calculate the accounting break-even point. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b-1. Calculate the base-case cash flow and NPV. (Do not round intermediate calculations and round your NPV answer to 2 decimal places, e.g., 32.16.)

b-2. What is the sensitivity of NPV to changes in the sales figure? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

c. What is the sensitivity of OCF to changes in the variable cost figure? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

We are evaluating a project that costs $690,000, has a life of 5 years, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 51,000 units per year. Price per unit is $75, variable cost per unit is $50, and fixed costs are $790,000 per year. The tax rate is 25 percent and we require a return of 13 percent on this project.

a. Calculate the accounting break-even point. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

b-1. Calculate the base-case cash flow and NPV. (Do not round intermediate calculations and round your NPV answer to 2 decimal places, e.g., 32.16.)

b-2. What is the sensitivity of NPV to changes in the sales figure? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

c. What is the sensitivity of OCF to changes in the variable cost figure? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

7. Determinants of market interest rates

Some characteristics of the determinants of nominal interest rates are listed as follows. Identify the components (determinants) and the symbols associated with each characteristic:

Component: Real Risk-Free Rate, Maturity Risk Premium, Inflation Premium, Nominal Risk-Free Rate, Default Risk Premium, Liquidity Risk Premium

Symbol: rRF, LP, DRP, IP, MRP, r*