Now that the IOC has made the decision to postpone the Tokyo Summer 2020 Olympics until next year, one of the sponsoring organizations finds itself with Olympic merchandise that needs to be liquidated. When you heard about this opportunity you became quite excited because you are an avid collector of Olympic merchandise. In fact, when you graduate from Brock University, you plan on opening an Olympic memorabilia shop. The offer from this Olympic sponsor is such that you have the option to purchase the merchandise entirely upfront for $10,500 or to pay $2,750 per year for the next four years (with payments at the beginning of the year). Assuming a discount rate of 7%, is it advisable to pay the cost of the merchandise entirely upfront? Explain. Be sure to show your calculations

You have $600 in an account which pays 4.5 % compounded annually. How many additional dollars of interest would you earn over 4 years if you moved the money to an account earning 6.6 %?

How many additional dollars of interest would you earn over 4 years from the account that pays 6.6 %?

$___ (Round to the nearest cent.)

Andy promises to pay Opie $7,000 when Opie graduates from Mayberry University in 10 years. How much must Andy deposit today to make good on his promise, if he can earn 5 % on his investments?

How much must Andy deposit today to make good on his promise?

$ ___(Round to the nearest cent.)

Norman Inc. wishes to accept a new project which has a NPV of US$98,000. A sum of US$10,000,000 will be needed to invest in it. The net earnings for the current year are US$1,000,000 and the accumulated retained earnings to date are US$7,000,000. The current amount of long term debt carried on Norman Inc.’s balance sheet is US$5,333,333.33. Norman Inc. wishes to finance the new investments in line with its existing capital structure.
i. Will Norman Inc. be in a position to pay any dividends this year if it follows the residual dividend approach? If yes, what will be the total amount of dividend paid?
ii. What will be the debt‐to‐equity ratio of the newly financed project?
iii. What would be the implications of Norman Inc.’s dividend payout decision?

1) Explain what the world bank and the IMF are and the goals of both?

2) What are a fixed exchange rate and a floating exchange rate?

3) If the US Federal Reserve Bank increases the money supply, what happens to the value of the US dollar and the exchange rate?

4) If the US government increases the deflect and the Federal Debt, what happens to the value of the US dollar?

5) When did the US go off of the Gold Standard?

6) Explain the Trilemma.

7) Assume that there is a fixed exchange rate is overvalued, what can the central bank do to defend the currency?

8) What is the difference between a spot and forward exchange rate?

9) What is the current value of the euro and yen exchange rate?

10) If the Euro depreciates relative to the dollar, are American goods more or less expensive? Why?

4. Suppose that fixed cost for a firm in the automobile industry (start up costs of factories,

capital equipment, and so on) is $5 Billion and that the variable cost is $17,000 for each automobile produced. Because more firms increase competition in the market, the market price falls as more firms enter an automobile industry, or specifically, P = 17,000 + (150/n), where n represent the number of firms in the industry. Assume that the initial size of the automobile industry in the US and UK are 300 million and 533 million people respectively

a. Calculate the equilibrium number of firms in the US market and the European market in

Autarky.

b. What is the equilibrium price in each country?

c. Now suppose the US and Europe decide to trade, which adds the 533 million European demand to the US’ 300 million, how many firms will there be in Europe and the US combined? What is the new equilibrium quantity?

d. Why are prices different in the US in b and c above? Are consumers better or worse off? And why?

Pls Summaries the entire article below:

PROS AND CONS OF A SECOND JOB

There was a time when moonlighting—taking on work in addition to your full-time employment—was for under-employed workers and the severely cash-strapped.
Today, even working professionals can be cash-strapped, and people in all fields and income groups are supplementing their main income by moonlighting. For some, the second job isn’t just for the bucks but also for the skills and the sense of being a free agent.
And although extra part-time jobs used to be verboten, many supervisors are flexible about a team member who picks up a gig on the side.
Experts suggest weighing the pros and cons carefully before you take on a second job.

Pros

Money—That’s still the biggest reason people take on extra work. And with gas above US$4 a gallon—and rising healthcare premiums, and income freezes—extra income can be a lifeline.

Security—“Many professionals today are looking at second jobs as a fallback because they feel, correctly, that their main job is not completely safe,” according to John McKee, president and founder of BusinessSuccessCoach.net and author of “Career Wisdom.”

Freedom—A second job or career can bring psychological benefits, such as the feeling of not being shackled to one company, experts say.

New skills—If you’re thinking about switching careers but can’t take the plunge, taking a part-time job could be a way to test the waters or boost your entrepreneurial skills, McKee said.

Cons

Time—Do you really want to spend 10 or 20 hours a week on another job, not to mention the commute hassle and the disappointment of significant others who’d rather see more of you, not less?

Conflict of interest—Consulting for a direct (or even indirect) competitor can put you in a dicey situation, according to J Daniel Marr, managing director of the New Hampshire law firm Hamblett and Kerrigan.
“This is a big issue in software and industries where you use part of what you learned from your primary employer,” Marr tells Yahoo HotJobs.
“Employers insist they have rights to your intellectual property.”

Performance slippage—One reason many employers look askance at moonlighters is the fear that they’ll burn out. Some companies may demand your full time and attention, even off-hours.

Employer irritation—Even if the company allows moonlighting, supervisors might not like the idea. “Some will say angrily, ‘We’re paying this guy x dollars a year and it’s still not enough?’” Marr says.

Tips to make it work

If you are considering a second job, the experts add these three tips: Pick an unrelated field—You’ll reduce the risk of burnout and conflict of interest. A nurse who builds websites part-time, a marketing professional who teaches music, or an insurance adjuster who moonlights as a landscape architect would be safer bets.

Check with HR—Many companies have moonlighting policies. But even if they don’t, it’s wise to see if your second job might be a conflict, especially if you’re considering a professional part-time job or one that’s related to your full-time job, Marr says.

Consider why you’re doing it—“Supplementing income is fine, but it’s best if a second job is part of an overall life and career plan,” McKee says. “Otherwise you risk scattering your resources.”

Please respond to all the questions below:

1. RGDP Definition:  What does real gross domestic product (RGDP) per capita measure? Is there economic production that is not captured in RGDP? Are there non-economic things or conditions that people value that are not captured in RGDP?
   
2. Real GDP Level: Research current and historical levels of RGDP in the US. Use credible Internet or other sources (e.g., government data, national newspapers) and CITE your source. Based on the data you found, what was the RGDP in the US in the most recent year you for which you could find data (in trillions of dollars)?
   
3. RGDP Growth in US: Research data on the recent growth rate of RGDP in the US. Again, please CITE your credible data source. What is the latest RGDP growth rate?
   
4. RGDP per Capita:  Research data on recent RGDP per capita in the US and other countries. CITE your source. Name some countries that have higher RGDP per capita than the US.
   
5. Characterize Economic Growth:  What do you think is the best measure of economic growth? How would you characterize economic growth in the US over the past 30 years?   

1. Jessica is a graduate of a University’s business school entrepreneurship program.  As part of her final year of studies, she developed a business plan for a business that develops websites for individuals and commercial businesses.  She put her business plan into action with the help of start-up funding from family and friends, and has been operating for two and a half years.

Jessica has decided to apply the concepts in a balanced scorecard to evaluate and improve her business.  Her vision for this business is to provide clients with high quality websites that receive a relatively high number of hits. Recently, word-of-mouth advertising has led to more requests for websites with creative animated graphics.  As part of her balanced scorecard, she tracked the following measures over the last two years for her individual clients.

50       Required:

1. Based on the information above, does Jessica’s business compete on the basis of low cost or product differentiation?  Explain.
2. Your job is to assist Jessica in interpreting the data she has collected, so that she can determine where her business’ performance is satisfactory, and where she needs to concentrate her efforts in order to improve its performance.  
   1. For each performance measure, indicate how it should be classified on the balanced scorecard. There must be at least one performance measure for each classification.  There are, however, measures that can be included in more than one classification.  Select the classification that you believe is most appropriate.  Fore each performance measure, explain the reason for selecting the category chosen.
   2. Analyze the change in each performance measure from 2018 to 2019, but do not consider each performance measure in isolation.  Provide one possible explanation for the change that has been observed, making sure it is reasonable given all the information available to you.
   3. Evaluate the change in Jessica’s business as a whole from 2018 to 2019.  Identify one or two pieces of additional information needed to be able to complete this evaluation.  Describe why this information is needed.
   4. Make a recommendation as to the one thing Jessica should concentrate her efforts to improve her business in 2020.
3. Provide three reasons why a company could implement a balanced scorecard successfully but see no improvements in its profitability.   Make sure your explanation is sufficiently detailed that it is clear why improvements in profitability were not seen.

Ms. Jenny Joy is planning to open her first own business project: a little café close to the university district of the imaginary town of Brightside. She has rented a small, but nice venue for the café. She has worked hard to keep the target opening date of 1 June. There is a very important report missing from her paperwork though; she does not know how much profit she can expect during the first 3 months of operation. She remembers from university finance class that the best way to prepare a profit plan is to consider different scenarios. She has gathered all the relevant information for the profit analysis and for the sake of simplicity estimated two possible outcomes: “good” and “almost good”.

Information about costs and revenues:
- Average revenue from drinks and food: €22 per person
- Cost of drinks and food: €14 per person
- Rent fee: €1000 per month
- Utilities: €1200 per quarter
- She does not plan to hire employees in the first three months.
- Renting the coffee machine: €6000 per year
- Other costs: €3000 in the first month and 5% less in every upcoming month

Required:

1. Prepare a monthly analysis of Ms Joy’s profits based on her revenues and costs for the three months under both scenarios. (Please show all needed calculations and explanations)

2. Calculate her expected profit for the quarter

3. Name what are the variable and fixed costs from the above listed cost elements? Explain your answer.

4. Give two examples: one example of semi variable and one example of stepped costs that can be linked to the operation of the cafe?

Write a simple Java program that does the following:
1) Declare a constant of type String to hold the words "Oakland University".
2) Declare variables of the type stated, and Prompt the user to enter in the following information and store in the variables
a. Their current GPA on a 4.0 scale, into a variable of type double
b. The number of credits they have so far into a variable of type int
c. The amount of tuition they paid so far into a variable of type int
d. Their last name, into a String variable
e. Their first initial, into a char variable
3) Create a variable of type char. Determine and assign a letter grade to it using the following rules and if else statement. (Note: this is not our class grading scheme.)
a. gpa < 1 F
b. 1 <= gpa < 2.5 D
c. 2.5 <= gpa < 3 C
d. 3 <= gpa <= 3.5 B
e. 3.5 < gpa <= 4 A

4) Create a variable of type double. Cast the either of the variables tuition or credits to
double to calculate the tuition dollars per credit hour and assign it to the new variable. .
5) Print out to the system console a single String using escape characters that outputs
multiple lines with the following information, formatted the same as this example. In
other words, the first column should indicate what is being output, and the second column
shows the value. Use variable names in your output String, not literals. You can use tab
escape characters to set up the second column.
a. your first initial and last name, with a period and space following your first initial
(from problem 2)
b. your university (from problem 1)
c. your Letter GPA grade (from problem 3)
d. Your tuition cost per credit hour (from problem 4)