Formula for Problem

W1 in year 1; W2 in year 2 only to those retained W1 < W2

• Value of E-types applying = W1 + q•W2 + (1–q)•WE

• Alternative for E-types = 2•WE

• Value of D-types applying = W1 + (1-q)•W2 + q•WD

• Alternative for D-types = 2•WD

1. Lorne Roberts Corp. has invested a lot of money in their employee screening process over the last few years for computer technicians. This company can assess whether to promote employees on probation accurately 90% of the time. But 10% of the time the company still inaccurately assesses employees on probation by terminating an employee who fits successfully in the job or promoting an employee who does not fit well in the job.

The WD for computer technicians is $30,000 per year. The WE for this position is $40,000.

Lorne Roberts Corp. is considering which W1 and W2 will encourage E’s to apply while discouraging D’s from applying. Out of the three options below, which is the best salary structure for the first two years:

A) W1 = $30,000; W2 = $42,000

B) W1 = $40,000; W2 = $52,000

C) W1 = $24,000; W2 = $59,000

Hasbro (HAS) and Mattel, Inc. (MAT), are the two largest toy companies in North America. Liability and stockholders’ equity data from recent balance sheets are shown for each company below (in millions):

The income from operations and interest expense from the income statement for both companies were as follows (in millions):

a. Determine the debt ratio for both companies. Round to one decimal place.

b. Determine the ratio of liabilities to stockholders’ equity for both companies. Round to one decimal place.

c. Determine the times interest earned for both companies. Round to one decimal place.

c. What conclusions can be drawn from these data as to the ability of these two companies to meet their interest obligations?
1. Earnings appear more than enough for both companies to make their required interest payments.

2. Earnings appear to insufficient for Hasbro to make its required interest payments.

3. Earnings appear to insufficient for Mattel to make its required interest payments.

4. Earnings for both companies are insufficient for them to make their required interest payments.

.

The bearing capacity of a pad foundation can be calculated using the formula given by:

qf = cNcscic + gDNqsqiq + 0.5gBNgsgig

Consider a shallow foundation with dimensions equal to 3 m x 4 m. The foundation will need to be placed on soil found in-situ which is a firm, saturated clay (gsat = 19.5 kN/m3) layer extending to considerable depth with the following geotechnical properties:

c’ = 10 kPa

f = 35o

Assume that there is no ground water level observed from ground investigation reports.

a) What is the foundation depth required to achieve a minimum bearing capacity of 4500 kPa?

b) Assume that the ground water level is likely to raise up to the ground surface (due to heavy rain during winter). If the requirement of a minimum bearing capacity equal to 4500 kPa is maintained, what would be the minimum area required for a square footing founded at the minimum depth found in part (a) for this new conditions during winter?

c) How would you expect this foundation to fail? Explain the reason for your comments.

d) Briefly explain three (3) different methods that can be used to increase bearing capacity in soils.

(

The following information pertains to United Ways, a private voluntary health and welfare organization, for the year ended December 31, 20X3.

Balances in net assets at January 1, 20X3: Without Donor Restrictions$3,020,000

With Donor Restrictions 11,025,000

The following transactions occurred during the year ended December 31, 20X3:

1. Received cash donations of $508,000 from donors who did not place any time or purpose restrictions on them.
2. Received $1,019,000 of pledges from donors to be received in 20X4; it was estimated that 6 percent of the pledges would not be collected. Donors did not place any restrictions on the use of their pledges.
3. Earned investment income of $212,000 on endowment investments that donors permanently restricted for research activities.
4. Designated $227,000 of the $510,000 of cash donations received in 20X3 for computer acquisitions.
5. Spent $158,000 of the $212,000 of investment income earned on endowment investments on research during the year ended December 31, 20X3. (This amount is included in the $251,000 for research expenses shown in the following table.)
6. Acquired $117,000 of equipment from donations made in 20X2 that donors had restricted for that purchase. The governing board of United Ways reports acquisitions of capital assets as unrestricted.
7. Received donated audit services from the organization’s accounting firm that would have cost $16,400.
8. Learned that the fair value of endowment investments was $619,000 higher at the end of 20X3 than at the beginning. United Ways did not acquire or sell any endowment investments during 20X3 and treats gains and losses on endowment investments as permanently restricted.
9. Incurred program and supporting services expenses during 20X3 as follows (depreciation expense for 20X3 has been properly allocated to the functional expenses
10. Research$251,000 Public health education 101,400
11. Community services 149,700
12. Management and general (does not include the audit that was donated) 124,800
13. Fund-Raising 114,500

G. G. Gems, Inc.

Background

Glenna Gibbons received a Bachelor's Degree in Elementary Education with a minor in early childhood education and music. She taught kindergarten in Northern Virginia. Later she moved to San Diego to get a Master's Degree in Elementary Education from U.S. International University in San Diego. While in San Diego, she worked for the National Steel and Shipbuilding Company as a facilities administrator during the day and went to school at night. She was in charge of naval ship repair, crane inspections, land leases, and the Dry Dock Facility. She met and married MIchael Gibbons, a naval officer/dentist stationed in San Diego. Glenna and MIchael were married and moved to Tucson. She taught third grade in Tucson, Arizona. In 1980 Glenna stopped teaching when her oldest son, Gabriel, was born. When Gabriel was 5 months old, the Gibbons family moved to Wilmington, Delaware, where Michael completed a three-year prosthodontics residency at the Veterans Hospital. When Gabriel was an infant, Glenna wanted educational toys and inquired about Discovery Toys, an educational toy company. She was so impressed with their products that she decided to represent the company as an educational consultant. Her second child, Goldie, was born in 1984. By then Michael had completed his education and the family moved to Scottsdale, Arizona, where he established his practice.

Glenna continued her work as a consultant with Discovery Toys. She used her children as her toy testers so that she could discuss the toys from the viewpoint of a mom who actually used them rather than being just a representative of the company. For a period of eight years, she sold educational toys for this multilevel marketing firm and built a network of over 100 consultants. At this point, she chose to leave and resigned as she wanted to spend more time with the children. Glenna soon realized that she was not a stay-at-home mom. She had always been interested in fine jewelry and Michael, because of her interests, suggested that she go into the fine jewelry business. Glenna's primary concern was being a mom first and a business person second.

Business Beginnings

In 1990 they establish G. G. Gems, which was run by appointment only. Glenna told her educational toy associates that she was going into business and many of them became clients. She began her business with less than $2,000. Glenna has a unique jewelry business because she has never borrowed money and has always been debt-free. When she sold a piece of jewelry, Glenna would ask the client to refer friends if they really liked her work. The business is the jewelry, but it is the customer behind the jewelry who really matters. Without client referrals, this type of business cannot expand. When one goes to a party or other social function with a unique piece of jewelry, people admire it and will often ask where it was purchased. A jeweler with an excellet reputation can build a client list base on those referrals. Her office was within five minutes of her home and her children's school. Although her business was not as important as being a full-time wife and mother. She knew that after they graduated from high school and were off to college, she would have plenty of time to devote to building her business.

Business Strategy

Over the period of several years Glenna took numerous courses through the Gemological Institute of America. G.G. Gems is a member of the Independent Jeweler's Organization (IJO). Becoming a master IJO jeweler held several advantages for Glenna. She is a member of an elite group of retailers who are hand-selected for membership. These jewelers have the highest ethical standards and superior professional integrity. IJO offers member access to diamond cutters in Antwerp Belgium and a truly unique jewelry selection. They have continuing educational courses and participate in unique trade shows, which are offered twice a year. Their courses included evaluation and design of diamonds and other fine gemstone jewelery. Her education in this field is ongoing. Glenna began with a minimum of inventory and a large collection of jewelry catalogues. With her educational background and personality, she has the abilitiy to work with clients and help them find special pieces of jewelry. Her client list has continually expanded and she now has 800 clients and their imeddiate and extended family members. She has a unique client base. Her business is based on quality jewelery, knowing every customer personally, and maintaing the highest ethical standards. She has her own personal label watches. Her designs are unique and Glenna works with her clients on designing special pieces of jewelry. She carries some inventory, but not as much as a typical jewelry store. She has a unique list of artists and artisans who take Glenna's design and produce the finished product for her clients.

With her client list, Glenna will call clients and remind them of anniversaries, birth dates, and other unique family events. She has had clients who have called on the date of an anniversary or birthday and desperately needed a piece of jewelry. Since she knows her clients so well, she can accommodate these last-minute requests with a piece of jewelry that is unique and suited to the spouse or family member. For example, Glenna tells the story of a client who was on his way to pick up a birthday cake for his wife, but had forgotten to buy an actual gift. He called Glenna who met him in a parking lot with four pieces of jewelry that she knew his wife would like. He selected the perfect piece, she wrapped the figt, and then he asked if there was a card shop close by. Glenna opened the trunk of her car and handed him a card from him to his wife and from his children to his wife. The client stated that he at least had a pen. Providing this type of unique service makes a client and the family lifetime customers.

Glenna and her husband, Michael, strongly believe in giving back to the community. She is on the board of The Children's Cancer Network, reads in an afternoon program at a local elementary school, and volunteers at the local synagogue. Michael provides free dental care for residents of Kivel Campus of Care, a local senior center. One of the authors of this text has been a customer of GG Gems for many years. He has nothing but admiration for this woman who is the ultimate business professional and an outstanding member of the local community.

For further information on this uniq business, visit Glenna's website at http://www.gggemsinc.com

For more information on the IJO, visit their website at htt://ijo.com/zip/index.html

Questions

1. What other businesses rely on this type of customer relationship?

2. How important is the trust and integry element in this business?

3. What must Glenna do prior to going on an extended vacation?

4. How would you take care of your client base if you were in this type of business?

1. Donald Trump promised a more aggressive fiscal policy with a large increase in spending and significant tax cuts leading to a much larger government (budget) deficit. The US economy was at near the full employment (the unemployment rate in the US was low below 5%), what do you expect will be the response of the US Central Bank in terms of changes to the cash rate? Explain.

Donald Trump promised a more aggressive fiscal policy with a large increase in spending and significant tax cuts leading to a much larger government (budget) deficit. The US economy was at near the full employment (the unemployment rate in the US was low below 5%), what do you expect will be the response of the US Central Bank in terms of changes to the cash rate? Explain.

In one paragraph or more, choose and explain one or more characteristics of foreign countries’/regions’ intelligence communities that might be beneficial for the US to incorporate or adopt in one form or another, in order to overcome the various problems that the US intelligence community is currently facing. Make sure that you answer WHY the US intel community should incorporate/adopt this characteristic/these characteristics.