Swan-Nator has a defined benefit pension plan with a settlement rate of 6% and they expect the long-run rate of return on plan assets to be 8%. The tax rate is 40% and Swan-Nator made no plan amendments in 2007. The following additional information about their pension plan during this period is available:

Required:

1. Determine the amount of pension gain or loss to be amortized in 2007. Swan-Nator uses the corridor method of amortization.

2. Based on the PBO Swan-Nator expected to have before the change in actuarial assumptions, compute the benefits Swan-Nator must have paid out in 2007.

3. Using your calculation of the benefits paid, calculate Swan-Nator’s 2007 actual return on plan assets. Based on your computed value, also compute Swan-Nator’s 2007 asset gain or loss.

Merline Manufacturing makes its product for $70 per unit and sells it for $132 per unit. The sales staff receives a 10% commission on the sale of each unit. Its December income statement follows.

Management expects December’s results to be repeated in January, February, and March of 2020 without any changes in strategy. Management, however, has an alternative plan. It believes that unit sales will increase at a rate of 10% each month for the next three months (beginning with January) if the item's selling price is reduced to $117 per unit and advertising expenses are increased by 15% and remain at that level for all three months. The cost of its product will remain at $70 per unit, the sales staff will continue to earn a 10% commission, and the remaining expenses will stay the same.

Required:
1. Prepare budgeted income statements for each of the months of January, February, and March that show the expected results from implementing the proposed changes.

Patient's information:

- 40 years old female

- chief complaint: palpitations and chest pains, and tremor for the past few years

- past medical history: hypothyroidism with goiter 7 years ago; still taking medication for it.

- Experiences more anxiousness and depressed, difficulty calming down, increased frequency of heart palpitations, chest pains, and tremors. Notes fluctuations in weight (increasing, losing, increasing, etc) but no changes in diet or exercise.

- Your physical and lab examination reveals:

a) face is slowly becoming more round

b) increased muscle weaknesses and fatigue

c) ELEVATED blood pressure of 160/100 --> blood pressure has been gradually rising for the past 2 years

d) ELEVATED cortisol (11 PM), aldosterone, metanephrine, and normetanephrine

---------

Questions:

1) What do you think is going on? What tests are you going to order? What other information from her medical history do you need?

2) You send the patient in for a scan. You find out that she has a single bilobular mass in the right adrenal gland. She also has fatty components in the posterior part. Her left adrenal gland is normal though. What's your final diagnosis? Where do you think the adrenal mass has originated from? Lastly, what treatments and lifestyle changes do you prescribe/recommend?

Biscayne’s Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows:

Biscayne’s total fixed cost is $18,500 per month.

Required:
1. Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne’s offers. (Round your "Unit Contribution Margin" answers to 2 decimal places.)



2. Which model would Biscayne’s prefer to rent?

3. Calculate Biscayne’s break-even point if the product mix is 50/50. (Do not round intermediate calculations. Round your final answer to the nearest whole number.)



4. Calculate the break-even point if Biscayne’s product mix changes so that the standard model is rented 75 percent of the time and the deluxe model is rented for only 25 percent. (Do not round intermediate calculations. Round your final answer to the nearest whole number.)



5. Calculate the break-even point if Biscayne’s product mix changes so that the standard model is rented 25 percent of the time and the deluxe model is rented for 75 percent. (Do not round intermediate calculations. Round your final answer to the nearest whole number.)

1. Classify each of these transactions as an asset, a liability, or neither for each of the “players” in the money supply process – the Federal Reserve, the banking system, and nonbank public.

a) You take a $10,000 loan from Bank One to buy an automobile

b) You deposit $400 into your checking account at the First National Bank of Huntsville

c) The Fed provides an emergency loan to a bank for $ 1 million

d) A bank borrows $500,000 in overnight loans from another bank

e) You use your debit card to purchase a meal at a restaurant for $50

2. Suppose that Mr. Justin Bieber deposits $5,000 in his checking account at Santa Monica Bank. How does this transaction affect the monetary base? Show the changes in the balance sheets for Mr. Bieber, the bank, and the Fed.

3. What are the major differences between a discount loan and an open market purchase with respect to their respective effects on monetary base? Explain using an example and showing the relevant changes in the balance sheets of the Fed and the Banking System. Between these two actions, is one preferred to the other by the Fed? Why or why not?

4. As the bankers’ bank, the Federal Reserve Banks operate the payments system in the United States? What are the different components of the payments system that they operate? Briefly describe.

5. What are the main arguments against central bank independence? Is the Fed independent? How do you know? Explain.

1. How does the brightness of the refracted ray change when the incident angle (from glass to air) changes from less than critical angle to greater than critical angle?

a. brighter

b. dimmer

c. unchanged

d. dimmer and then disappear

2. Trying to picture an electroscope you made in the lab, on rubbing an rubber rod with fur, the electrons from the fur get transferred to the rubber rod. While holding the rubber rod near the electroscope (not touching the top paper clip), the foil leaves separate. At the same time, someone rubs a Styrofoam cup on a piece of cloth and also brings it to the electroscope, the leaves close a bit. What is the type of charge the Styrofoam cup carrying?

A. positive

b. negative

c. cannot decide

3. What would be the correct description of how an image in a plane mirror compares to the original object?

4. If the distance between the object and the screen is 1meter, a thin lens is put in between and moving, when the lens is 30 cm away from the object, a clear image is formed on the screen. How much is the focal length of this thin lens?

a. 0.048 m

b. 21 cm

c. 0.019 m

d. 52.5

The Village of Hawksbill issued $4,200,000 in 5 percent general obligation, tax-supported bonds on July 1, 2016, at 101. A fiscal agent is not used. Resources for principal and interest payments are to come from the General Fund. Interest payment dates are December 31 and June 30. The first of 20 annual principal payments is to be made June 30, 2017. Hawksbill has a calendar fiscal year.

1. A capital projects fund transferred the premium (in the amount of $45,000) to the debt service fund.
2. On December 31, 2016, funds in the amount of $105,000 were received from the General Fund and the first interest payment was made.
3. The books were closed for 2016.
4. On June 30, 2017, funds in the amount of $270,000 were received from the General Fund, and the second interest payment ($105,000) was made along with the first principal payment ($210,000).
5. On December 31, 2017, funds in the amount of $99,750 were received from the General Fund and the third interest payment was made (also in the amount of $99,750).
6. The books were closed for 2017.

Required:
a. Prepare journal entries to record the events above in the debt service fund.
b. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the debt service fund for the year ended December 31, 2016.
c. Prepare a Statement of Revenues, Expenditures, and Changes in Fund Balance for the debt service fund for the year ended December 31, 2017.
  

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Please discuss the main point of this paragraph…

Our body reacts to love like it would act to drugs. We start the drug, and the high is so great and so amazing. Everything is happiness and laughter and it seems like nothing could ruin it. Until the drugs wear off, and the come down hits. Your body misses the drug, it had became dependent and now you feel depressed. You feel as if without the drug you can't be happy. This is because of the chemicals released in your brain, the same chemicals released when your in love. We talk and think about love like it's all natural perfection, and it's always happiness surrounding it. People look for love, like addicts look for drugs. Catron suggests instead of looking for love, we make it, like art instead of drugs. We should demand love that we want, and not something piled on us without consent. We should understand that yes, love is nice, but is this specific love, the love for me? As amazing as creating my dream love sounds, I do believe it would be difficult. People say that love is blinding, and because of the physiological changes I believe it really is, and demanding the ideal love we want would be difficult. With these changes in our brain, I believe we think that the non consensual love is the love we demand, even if the lows are way worse than the highs.

Jacob is a CRNA working in the labor and delivery department of a private for-profit hospital. He has been employed there full-time for 10 years. He currently is the lead CRNA for 5 other CRNAs that work on the unit. He has been researching DNP programs and has decided to complete an application with an online DNP program. He has an upcoming meeting with his director in a couple of weeks for which he wants to discuss he return to school and also discuss changes in nursing anesthesia practice that may impact current hospital policies and procedures ethically and legally. During his monthly meeting with the director of the unit, he decides to share his desire to pursue another degree to expand his knowledge base, make him a better leader, and help promote better health care delivery and care outcomes. He discusses reducing his hours in order to allow him time to pursue his degree. The director tells Jacob that at this time reducing his hours to accommodate his desire to return to school would not be an option. The director also tells Jacob that the changes in nursing anesthesia practice that may affect their internal policies will need to be addressed at a later meeting. After the meeting, Jacob is discouraged, feels a lack of administrative support, and now is uncomfortable in his leadership role.

What ethical perspectives influenced your pursuit of a DNP degree? please provide reference

National Bank currently has $1,800 million in transaction deposits on its balance sheet. The current reserve requirement is 12 percent, but the Federal Reserve is decreasing this requirement to 10 percent.

a. Show the balance sheet of the Federal Reserve and National Bank if National Bank converts all excess reserves to loans, but borrowers return only 50 percent of these funds to National Bank as transaction deposits.

panel A initial balance sheets: federal reserve bank:

Assets:______ Millions Liabilities _____________ millions

bank three:

Assets:______ Millions Liabilities _____________ millions

Assets:______ Millions

panel B: balance sheet after all changes: federal reserve bank:

Assets:______ Millions Liabilities _____________ millions

bank three

Assets:______ Millions Liabilities _____________ millions

Assets:______ Millions

b. Show the balance sheet of the Federal Reserve and National Bank if National Bank converts 75 percent of its excess reserves to loans and borrowers return 65 percent of these funds to National Bank as transaction deposits.

panel A initial balance sheets: federal reserve bank:

Assets:______ Millions Liabilities _____________ millions

bank three:

Assets:______ Millions Liabilities _____________ millions

Assets:______ Millions

panel B: balance sheet after all changes: federal reserve bank:

Assets:______ Millions Liabilities _____________ millions

bank three

Assets:______ Millions Liabilities _____________ millions

Assets:______ Millions