With double-digit annual percentage increases in the cost of health insurance, more and more workers are likely to lack health insurance coverage (USA Today, January 23, 2004). The following sample data provide a comparison of workers with and without health insurance coverage for small, medium, and large companies. For the purposes of this study, small companies are companies that have fewer than 100 employees. Medium companies have 100 to 999 employees, and large companies have 1000 or more employees. Sample data are reported for 50 employees of small companies, 75 employees of medium companies, and 100 employees of large companies.

1. Conduct a test of independence to determine whether employee health insurance coverage is independent of the size of the company. Use  = .05. Use Table 12.4.
   
   Compute the value of the  ² test statistic (to 2 decimals).
   
   
   The p value is Selectless than .005between .005 and .01between .01 and .025between .025 and .05between .05 and .10greater than .10Item 2
   
   What is your conclusion?
   SelectConclude health insurance coverage is not independent of the size of the companyCannot reject the assumption that health insurance coverage and size of the company are independentItem 3
   
2. The USA Today article indicated employees of small companies are more likely to lack health insurance coverage. Calculate the percentages of employees without health insurance based on company size (to the nearest whole number).
   

   Small	%
   Medium	%
   Large	%

   
   
   Based on the percentages calculated above, what can you conclude?

30. Which one of the following is correct?

1. US treasury bonds have more risk than common stock
2. Common stock has more risk than secured bonds
3. Secured bonds have less risk than US treasury bonds
4. Secured debt has more risk than unsecured debt

31. The following statements are true about mutual funds except which one:

1. Mutual funds invest mostly in private unlisted companies not public stocks
2. Mutual funds are appropriate for small investors
3. Some mutual funds charge upfront “loads”, and some do not
4. Mutual funds pool individuals’ money and invest in managed public stock portfolios

32. The term “ETF” is an abbreviation for:

1. Externally Traded Funds
2. European Traded Funds
3. Essential Traded Funds
4. Exchange Traded Funds

33. As discussed in class which of the following is correct about Warren Buffet

1. He was Secretary of the Treasury during the most recent recession
2. He bailed out accounting firm Arthur Anderson following the Enron scandal
3. He purchased cheap shares of American express after the Great Salad Oil Scandal
4. None of the above

34. The Great Salad Oil Scandal referred to a company that

1. Sold salad oil with salmonella that resulted in deaths to Americans in 1989
2. Sold rancid salad oil to Mexico that killed Mexicans in 1958
3. Almost bankrupted major brokerage firms in 1963
4. Bought crude oil from Iran and labeled it as salad oil to avoid trade sanctions in 2004

35. Which of the following is not an accepted standard for reporting financial results?

1. Global Accounting Standards and Principles (GASP)
2. International Financial Reporting Standards (IFRS)
3. Generally Accepted Accounting Principles (GAAP)

Create a case Study "Eliminating measles in southern Africa" with the infor below

Health Condition: Measles, one of the most contagious infections known to humans, ranks among the top four childhood killers worldwide. Despite the existence of a safe and effective vaccine, an estimated 30 to 40 million cases of the disease and some 454,000 deaths occurred in 2004. Just under half of these deaths were in sub-Saharan Africa, where measles kills more children than HIV/AIDS. In 1996, the seven countries of southern Africa reported a total of 60,000 measles cases and 166 measles deaths.

Intervention or Program: In 1996, seven southern African countries agreed on a plan to eliminate measles. The strat­egy consisted of:

routine immunization for babies at nine months;

a nationwide "catch-up" campaign to provide a second opportunity for immunization to all children aged 9 months to 14 years; and

follow-up campaigns in young children every three to four years.

In addition, the countries organized surveillance for cases of measles and improved laboratory fa­cilities so that suspect cases could be confirmed.

Impact: Between 1996 and 2000, the number of measles cases across southern Africa fell from 60,000 to 117. The number of measles deaths fell from 166 to zero.

Cost and Cost-Effectiveness: The majority of the funding for the measles initiative came from national budgets. An esti­mate of the total cost of the program is $26.4 million, with the average cost per immunized child at $1.10. The cost of in­creasing routine coverage from 50 to 80 percent has been estimated at about $2.50 per year of healthy life gained, making measles immunization an extremely cost-effective intervention.

30) Which of the following types of unemployment can exist in an economy that is at its potential output level?

a.         cyclical unemployment only     

b.         structural unemployment only  

c.         frictional, cyclical, and seasonal unemployment only     

d.         frictional, seasonal, and structural unemployment only  

e.         there will be no unemployment in an economy that is at the potential output level

31) In the long run, but not in the short run,

a.         cyclical unemployment can exist          

b.         structural unemployment can exist        

c.         frictional unemployment can exist        

d.         the actual rate of unemployment equals the natural rate of unemployment

e.         actual output can exceed potential output

32) If the price level turns out to be higher than expected,

a.         businesses increase production

b.         the potential output level increases       

c.         initially, the short-run aggregate supply curve shifts rightward; later, there is an upward movement along that curve  

d.         initially, the short-run aggregate supply curve shifts rightward; later, there is a downward movement        along that curve        

e.         a contractionary gap develops

33) Suppose that between 2004 and 2014, Jack's salary increased from $100,000 to $200,000 per year and the price index increased from 100 to 300 during the same period. Which of the following statements best describes Jack's situation?

a.         his real income and money income have both increased

b.         his real income increased and money income decreased

c.         his real income and money income both decreased        

d.         his real income decreased and money income increased

e.         his real income and money income remained unchanged

Sachs Brands' defined benefit pension plan specifies annual retirement benefits equal to: 1.5% × service years × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2004 and is expected to retire at the end of 2038 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $98,000 at the end of 2018 and the company's actuary projects her salary to be $320,000 at retirement. The actuary's discount rate is 8%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:

1. What is the company's projected benefit obligation at the beginning of 2018 (after 14 years' service) with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
2. Estimate by the projected benefits approach the portion of Davenport's annual retirement payments attributable to 2018 service.
3. What is the company's service cost for 2018 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
4. What is the company's interest cost for 2018 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
5. Combine your answers to requirements 1, 3, and 4 to determine the company's projected benefit obligation at the end of 2018 (after 15 years' service) with respect to Davenport. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

Sachs Brands’ defined benefit pension plan specifies annual retirement benefits equal to: 1.6% × service years × final year’s salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2004 and is expected to retire at the end of 2038 after 35 years’ service. Her retirement is expected to span 18 years. Davenport’s salary is $90,000 at the end of 2018 and the company’s actuary projects her salary to be $240,000 at retirement. The actuary’s discount rate is 7%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. What is the company's projected benefit obligation at the beginning of 2018 (after 14 years' service) with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 2. Estimate by the projected benefits approach the portion of Davenport's annual retirement payments attributable to 2018 service. 3. What is the company's service cost for 2018 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 4. What is the company's interest cost for 2018 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 5. Combine your answers to requirements 1, 3, and 4 to determine the company's projected benefit obligation at the end of 2018 (after 15 years' service) with respect to Davenport. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

Sachs Brands' defined benefit pension plan specifies annual retirement benefits equal to: 1.3% × service years × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2004 and is expected to retire at the end of 2038 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $96,000 at the end of 2018 and the company's actuary projects her salary to be $310,000 at retirement. The actuary's discount rate is 6%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:

1. What is the company's projected benefit obligation at the beginning of 2018 (after 14 years' service) with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
2. Estimate by the projected benefits approach the portion of Davenport's annual retirement payments attributable to 2018 service.
3. What is the company's service cost for 2018 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
4. What is the company's interest cost for 2018 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)
5. Combine your answers to requirements 1, 3, and 4 to determine the company's projected benefit obligation at the end of 2018 (after 15 years' service) with respect to Davenport. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)

​India's Current Account. Use the following balance of payments data for India from the​ IMF. What is​ India's current account balance for years 2007​, 2008​, and 2014​?

Information need from Case 3 for the year end December 31, 2007 need for this question.

Total sales revenue: $639,111

Food operations sales revenue: $458,602 and Beverage operations sales revenue: $180,509

Average check for food and beverages: $9.59 Average check for food: $6.88 Average check for beverages: $2.71

In the case at the end of Chapter 3, you calculated the average food and beverage check for the 4C Company’s 84-seat restaurant in Year 2004. The restaurant was open for 52 weeks, 6 days a week for lunch, and 5 days a week for dinner. An analysis of sales checks indicated that the average turnover was 1.5 times for lunch and 1.25 times for dinner. Lunch contributes about 45 percent of total sales revenue and dinner, 55 percent. Total beverage sales revenue is 20 percent at lunch and 80 percent at dinner. a. Calculate the average lunch and average dinner checks for food and beverages.

This is how I think you solve the question. Is this correct?

Ave Lunch Check = (45% * $639,111) / (84 seats * 1.5 * 312days) = $7.3158 then of this $7.3158, 20% is from beverage sales and 80% is from food sales therefore:

Average lunch beverage check = $7.3158 * .2 = $1.46

Average lunch food check = $7.3158 * .8 = $5.85

Ave Dinner check = (55% * $639,111) / (84 seats * 1.25 * 260days) = $12.87586 then of this $12.87586, 80% is from beverage sales and 20% is from food sales therefore:

Average dinner beverage check = $12.87586 * .8 = $10.30

Average lunch food check = $12.87586 * .2 = $2.57

Sachs Brands' defined benefit pension plan specifies annual retirement benefits equal to: 1.6% × service years × final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2004 and is expected to retire at the end of 2038 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $99,000 at the end of 2018 and the company's actuary projects her salary to be $325,000 at retirement. The actuary's discount rate is 9%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. What is the company's projected benefit obligation at the beginning of 2018 (after 14 years' service) with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 2. Estimate by the projected benefits approach the portion of Davenport's annual retirement payments attributable to 2018 service. 3. What is the company's service cost for 2018 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 4. What is the company's interest cost for 2018 with respect to Davenport? (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) 5. Combine your answers to requirements 1, 3, and 4 to determine the company's projected benefit obligation at the end of 2018 (after 15 years' service) with respect to Davenport. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.)