1. How is F critical to be determined?

2. Write down an equation partitioning variance total (SStotal) into relevant parts.

3. What would happened to an F ratio if the data changes such that only SSwithin decreases without affecting the SSbetween? If that happens, how does that affect the decision process of hypothesis testing?

4. If you believe the Null hypothesis to be true, what would be the value of F ratio that has high likelihood to occur? Explain the reason.

1，Average wages and salaries for most Americans have not kept pace with inflation. What impact does this have on aggregate demand? Average wages have been hit by technological change (think robots) and international trade (cheaper wages abroad). What policies or changes would help boost average wages?

2.Discuss some of the devastating effects that Hurricane Katrina had on the Gulf States, and the U.S. economy in general.

Explain what happens to the level of employment and the efficiency wage in each of the following cases.

a. Due to technological advances, it becomes easier for firms to monitor their employees.

b. Given new labor law requirements, it becomes more difficult for firms to lay off workers for non-shirking reasons.

c. Given changes in manufacturing processes, workers are not required to exert as much effort on a day-to-day basis to complete their job tasks.

A company's income statement showed the following: net income, $135,400; depreciation expense, $32,700, and gain on sale of plant assets, $15,350. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $10,300; merchandise inventory increased $19,800; prepaid expenses decreased $7,100; accounts payable increased $4,000. Calculate the net cash provided or used by operating activities.

Why have international financial markets grown so rapidly in the past decade? Is this rate of growth likely to continue? What changes do you see in the international financial markets in the coming decade? Consider the influences of both developed and emerging countries.

Do you think all firms, in all economic environments should operate under the same set of accounting principles? Elaborate. Support your answer with facts/reasoning.

Which of the following statements is consistent with the quantity theory of money?

• Monetary policy should be used in the short run to try to steer the economy.

• The money supply should be increased by a percentage to allow for changes in productivity and growth, but that percentage cannot be determined.

• Expansionary monetary policy is the only way to prevent a mild recession from developing into a serious recession or depression.

• A prescribed monetary policy should be followed regardless of what's happening in the economy.

1. Roger Inc. is currently an all equity firm that has 500,000 shares of stock outstanding at a market price of $20 a share. EBIT is $1,500,000 and is constant forever. The required annual rate of return on the share is 12%. The corporate tax is 35%. The firm is proposing borrowing an additional $2 million in debt and uses the proceeds to repurchase stock. If it does so, the cost of debt will be 10%. What will be the WACC after the capital structure changes?

Given the adjustable rate mortgage with the following characteristics:

At the time the issuer takes out the mortgage, LIBOR=2%. A year later on a mortgage re-set date
LIBOR=3%.

1.What is the original monthly payment on the mortgage?

2.What is the monthly payment on the mortgage after the rate changes and the mortgage is recast (i.e. in month 13)?

QUESTION 1

Continuous changing of the economic, technological and political conditions caused the Human Resource Managers of the future facing more problems in the management of labor. The Human Resource Managers of today may find themselves outdated in the future due to changes in the environment if they do not update themselves some of the important challenges. If you are the Human Resource Manager, detail out the threats or challenges that would arise and suggest strategies to overcome those challenges.