A nation's economy fluctuates instead of growing at a steady pace every year. These fluctuations are generally referred to as the business cycle. Describe the four different phases of the business cycle.

Last year medical students are sent to rural places in order to
medicate and relieve the inhabitants of this population who do not have access to health
quality. An aspiring doctor finds that a quarter of a population
is vaccinated against malaria. In an epidemic of this disease, he observes that
of every 5 patients 1 is vaccinated. It is also known that of every 12 vaccinated only
1 is sick. The doctor wants to calculate the probability that a non-vaccinated person is
sick

The following information pertains to the York Company for the year ending December
31, 2019.

$ Hours
Revenue 240,000
Interest Revenue 50,000
Raw materials used 40,000
Indirect Labour 4,000
Indirect Materials 9,000
Utilities [factory] 4,500
Depreciation of factory equipment 10,000
Depreciation of factory buildings 19,000
Depreciation of admin buildings 5,000
Marketing costs 30,000
Wages [Store] 10,000
Utilities [store] 6,000
Supplies [store] 3,500
Direct Labour Hours 2000
Hourly Rate for direct labour 10
Finished Goods Inventory Jan 1 2019 7,000
Finished Goods Inventory Dec 31 2019 15,000
Bond Payable 65,000
Interest Rate 10%
Tax rate 22%

REQUIRED
1. Prepare a budgeted COGS statement
2. Prepare a projected income statement

Mark Anderson, a 36 year old married male, will be sent to India to work in the sales office of your medium sized manufacturing facility that produces professional and causal clothing for women. My staffing approach is geocentic – Mark’s position is head of international sales in the sales office. Mark will take is wife Susan who is an elementary school teacher and their son, David who is in the 7th grade. Mark’s assignment is for 3 years. He and his family will then move back to the company’s headquarters to work.

You will need to develop a plan for: Pre-departure training for Mark and his family.

In-country training for Mark and his family.

Repatriation program for Mark.

Position and compensation for Mark upon ending his assignment.

The one year interest rates in Australia and US are 3% and 1%, respectively. The current spot rate is $0.75/AUD. (Show calculation and steps)

a. What should the one year forward rate be (if IRP holds).

b. If the forward rate is $0.70/AUD is there an arbitrage? If so, how can an arbitrageur incorporate a cashless (i.e. not use any of her current cash) arbitrage? Hint: She will need to borrow in the US or Australia at the current rates. Assume that she will use an amount of 1,000,000 USD or AUD (you must choose the right one…)

The following is the receipts and payments account for the year ended 31 December 2018:

(2) On 31 December 2017 the club held investments which cost $10000. During the year ended 31 December 2018, these were sold for $15000.
(3) Equipment was valued at $6000 on 31 December 2017. On 30 June 2018, the club purchased additional equipment at a cost of $ 10400. Depreciation is to be provided for at the rate of 10% per annum.

(a) Prepare the trading section of the income statement for the year ended 31 December 2018.
(b) Prepare the income and expenditure account for the year ended 31 December 2018.

European call and put options with a strike price of $50 will expire in one year. The underlying stock is selling for $51 currently and pays no cash dividend during the 1life of the options. The risk-free rate is 5% (continuous compounding). The price of the call option is $5.00. Please answer the following questions:

1. Please calculate the price of the put option under the put-call parity

2. If the actual price of the put is $2.50, is there an arbitrage opportunity? Please explain.

3. If your answer in 2 is yes, please write down the four transactions needed to realize the arbitrage profit.

an investor paid $100,000 at time zero for a project to generate $40,000 per year for next 5 years with zero salvage value at the end of year 5 , calculate ROR and draw cumulative cash flow diagram

1. A property will generate NOI of $12,000 per year for each of the next 8 years. You purchase this property at a 5% cap rate. If you expect to sell this property in 6 years at a terminal cap rate of 6%, what is you IRR?