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Describe the role of Jubal Early in the American Civil War.

Give a quick backgrounder on his early life. Then discuss his role in the Civil War. Cite references as well.

What is the Copernican principle?

Discuss this concept clearly and comprehensively. Provide examples when possible. Cite references.

# Describe the role of Jubal Early in the American Civil War.

Give a quick backgrounder on his early life. Then discuss his role in the Civil War. Cite references as well.

# What is a Double-blind control experiment

What is a Double-blind control experiment and where it is most effectively used for? Please explain comprehensively.

# What is the difference between Skeptical empiricism and plain empiricism?

What is the difference between Skeptical empiricism and plain empiricism? Please explain comprehensively

# What is the UK Gateway Protection Programme?

Explain its history, purpose, and achievements. Cite references. Thanks

# Discuss the Fall of the Soviet Union during the Cold War

Answer this in 300-400 words. Make sure to give a detailed discussion and please cite references.

# Function of X – True or False

True or False? The equation x = | y | , with x >= 0, represents y as a function of x.

Explain your answer.

The SOX Act Prepare a Power Point presentation of at least 20 slides that includes the following:

Assess the provision of the Sox Act that requires the establishment of the Public Company Accounting Oversight Board (PCAOB) and the measures that public accounting firms are taking to ensure that they maintain their independence in all audit assignments, including the mechanisms they are establishing to ensure that the necessary independence and integrity are prevalent in all aspects of their relationship with their clients.Analyze how executives of corporate America have embraced the new regulations and requirements of the Sox Act while maintaining their purpose to produce a profit for investors and staying in compliance of the new rules in the industry. Explain what those new requirements are for the CEO and CFO of publicly traded companies. Describe your assessment of the responsibilities established for accounting personnel—including protection for whistle-blowers—and for the public accounting auditors.Determine how the responsibilities of the board of directors audit committee have changed due to the Sox Act in overseeing the financial reporting process and to hire and be in charge of the independent auditors.Provide recommended sanctions to be imposed on those who do not comply with the SOX Act provisions, and whether or not the sanctions should be stiffened or should include other personnel in the organization.Researched sources should follow these guidelines:At least half of the researched sources should be from authoritative electronic sources related to the accounting field.The findings presented in the paper should be accurate renditions of the Sox Act, including citations and references.Follow APA guidelines when citing references.Include a reference slide.

Research Paper Psyc 312

Research Paper Instructions

You will be responsible for writing a Research Paper focusing on a social psychology topic of your choosing. The topic must be one that is discussed in the textbook. The focus of the paper will be to present and review peer-reviewed research regarding your topic as well as provide a Biblical integration discussion for your topic.

For your paper, you must thoroughly review and cite 2 peer-reviewed journal articles that demonstrate research regarding your topic. Your articles must present original research studies (e.g., correlational or experimental) in which the authors of the article actually formed hypotheses, collected/analyzed data, and compiled results themselves. Theoretical/review articles and meta-analyses are not permitted to be reviewed for this paper.

Some examples include (please note you do not need to choose one of these topics):

1. For a paper on the Bystander Effect, you could find an article in which the authors manipulated the number of people present and measured helping behavior.

1. For a paper on Relational Aggression, you could find an article in which the authors measured and correlated parenting styles with degree of relational aggression in daughters.

Keep in mind that these 2 articles must come from academic, peer-reviewed journals. Articles from newspapers, magazines, and websites will not count. Also, information from unpublished dissertations contained in dissertation or thesis databases should not be used. In addition to your 2 peer-reviewed articles, you must also cite the textbook in your paper. Other book sources will not count toward the source requirements. In the Biblical Integration section of your paper, you will be required to cite 2 different Scriptural references.

You will submit your paper as a Microsoft Word document through Safe Assign. A “draft” link is available for you to check the originality of your work, but all papers must be submitted in the “final” link for credit and grading. Your paper must contain original work to this course only (i.e., you cannot reuse a paper or portion of a paper you have written in the past for another course). Papers that do not include a topic covered in the textbook will be returned and you will be asked to submit a new paper. Normal late policies will apply. In addition, the paper should be written mostly in your own words. Excessive use of quotes is not permitted and will result in a score reduction. Be sure you are paraphrasing information from articles well and citing correctly to avoid plagiarism. Paraphrasing that is too close to the original wording is still considered plagiarism. All instances of plagiarism will be reviewed and action taken as necessary (e.g., point reduction, Code of Honor report, a score of 0 for the paper, failure of the course).

Your paper must include a current APA-style title page, abstract, body, and reference section. The body of the paper must be at least 5 pages with a maximum of 7 pages (not including the title page, abstract, and references). Papers shorter or longer than this requirement are subject to point deductions. Please note that there is a specific page length requirement for the Biblical Integration section (1 page). Be sure to use current APA-style citations throughout the paper to avoid plagiarism.

The structure of the paper must follow the outline below and all section components must be included for maximum credit.

1. Title Page– current APA style

1. Abstract– current APA style

1. Introduction
• Provide a definition of the social psychology concept you are researching
• Provide a brief background of why this concept is important
• To relate your concept to “real life,” provide a specific, real-world example of your concept. This example can be either something you’ve witnessed in your own life, an example you “make up” to illustrate your concept, or an example used in one of your sources. If you use an example from a source, be sure to cite appropriately.

1. Review of Article I
• Introduce the article, including the purpose of the article and any relevant hypotheses.
• Summarize methods (i.e., type of participants, procedures used to manipulate or measure variables)
• Summarize study results
• Explain how study and results demonstrate or support the social psychology topic chosen (you must be able to demonstrate that you can relate the specific study results to the general topic chosen)

1. Review of Article II
• Include all of the same elements listed above

1. Biblical Integration (must be at least one pagein length)
• Discuss your topic from a Biblical standpoint (i.e., what does the Bible say about it). You must use at least twodifferent Scriptural references in this section to support your discussion.

1. Conclusion
• Briefly summarize/define the chosen topic
• Briefly summarize the major results of each study
• Briefly summarize the Biblical standpoint discussed

1. Reference Page– Current APA style
• Include 2 peer-reviewed journal articles describing original research
• Include textbook reference
• (Note that the Bible does notneed to be included in your reference section)

Research Paper: Topic and References Instructions

For this assignment you will decide on your Research Paper topic and find references to be used in your paper. Before completing this assignment, thoroughly read the Research Paper Instructions in Module 7 so you know the guidelines for the paper and what will be expected of you. Be sure you are picking a Social Psychology concept covered in your textbook, and one for which you can present an example and discuss from a Biblical standpoint. For this assignment, you will create and submit an APA-style reference page, submitted as a Word document. The reference page must include 3 references with the following guidelines:

• Two references must be peer-reviewed journal articles. Articles from newspapers, magazines, and websites will not count. Also, information from unpublished dissertations contained in dissertation or thesis databases may not be used.
• Both of these journal articles must present original research studies (e.g., correlational or experimental). This means that the authors of the article actually conducted a study themselves in which they formed hypotheses, collected/analyzed data, and compiled results. No theoretical/review articles or meta-analyses are allowed.
• One reference needs to be your course textbook

Please note that the instructor will not be able to look up each of your articles to verify whether they meet criteria (although this is sometimes obvious from the title). You are responsible for ensuring any article you submit fits the guidelines above. If not, you will need to do more research before your paper is due since you will not be able to complete the paper correctly without appropriate articles and will incur significant point deductions at that time. Attached to the end of this document is a list of questions you can ask yourself to ensure you are choosing appropriate articles.

At the bottom of the page underneath your APA-style references, list your topic (including the chapter number for where your topic is found in your textbook) and two different Scriptural references that you will use in your paper. This requirement allows you to check whether or not you can apply Scripture to your topic, which will be required for your final paper. Please list out both the Scriptural citation and the text. If you are referencing long passages of text, please only type out one or two of the most applicable verses for this assignment. For your paper, you can reference more than what you list here if needed. The information can be organized as follows:

Topic (including chapter number where topic is found):

Scriptural Reference 1: (e.g., John 3:16 (NIV) “For God so loved the world that He gave His one and only Son, that whoever believes in Him shall not perish but have eternal life.”)

Scriptural Reference 2:

**You will be allowed to alter your references and Scriptural choices if necessary for the final Research Paper, but will need to ensure that any changes to your references continue to meet requirements for full credit on your paper.

Your Research Paper: Topic and References is due by 11:59 p.m. (ET) on Monday of Module/Week 3.

Questions to Ask Yourself When Choosing Articles

1. Does my article come from a peer-reviewed journal article?

If so, you should be able to answer NO to each of the following other sources:

1. Does the article come from a magazine, book, website, or thesis/dissertation database?

1. Did the authors of this article conduct an original research study themselves?

If so, you should be able to answer NO to each of the following questions:

1. Are the authors onlyreviewing someone else’s work?
2. Are the authors compiling others’ research into a meta-analysis?
3. Are the authors onlyproviding a theoretical discussion of the topic or describing a model they are proposing?

1. Did the authors form hypotheses, seek out a sample, collect data from this sample, analyze their own results, and provide a discussion of these results?

If you can answer YES to questions 1, 2, and 3, then your article is appropriate for your paper!

KELLY ESSAY PLEASE HELP!!

Please see attached file for assisnment requirments. Must use 2 scholar articles.

Analyze the 4 common elements in most human disturbance according to Kelly (threat, fear, anxiety, and guilt). Compare each of these constructs with what Scripture says regarding these particular elements.

This assignment does not require a Title page or Abstract page, but does require a Reference page and in-text citations

Supplemental Assignment 2 Instructions

You will take an active part (e.g., spend half a day volunteering/helping out) in a community outreach activity (not a university or church activity unless it is an activity that reaches out to the community) of your choosing, which will familiarize you with the needs of the community. Some examples of activities include volunteering at a shelter, a camp, a recreation center, a home for girls or boys, a soup kitchen, a clothing bank, a detoxification center, a tutoring center for younger children, a vocational rehabilitation center, Habitat for Humanity, a minority community center, etc. After the completion of the activity, you will document your experience by writing a paper. The paper will be written in current APA format and will include one title page, one abstract page, two full pages of text, and one reference page.  The paper will explain in detail: (1) the experience (what was observed, how it affected you), (2) what was learned from the project (what the community’s needs are, what ethics are in place, how you can help make a difference), and (3) a discussion of two course concepts that relate to your observations.  For number three (3), cite two empirical studies from the research literature that address each one of the two course concepts discussed relating to sociocultural diversity that you observed in the outreach activity.  Make sure to cite each of these concepts in correct APA format.

https://learn.liberty.edu/bbcswebdav/pid-25610776-dt-content-rid-309992438_1/courses/PSYC351_B03_201840/PSYC351_B03_201840_ImportedContent_20180820094702/PSYC351_Presentations/On-Line%208%20Cognitive%20Behavioral%20Therapy%20%26%20Spirituality%20Part%201%20%28LMS%29/res/html5.html

https://learn.liberty.edu/bbcswebdav/pid-25610778-dt-content-rid-309992582_1/courses/PSYC351_B03_201840/PSYC351_B03_201840_ImportedContent_20180820094702/PSYC351_Presentations/On-Line%208%20Cognitive%20Behavioral%20Therapy%20%26%20Spirituality%20Part%202%20%28LMS%29/res/html5.html

Assessing Spirituality – The Relationship between Spirituality and Mental Health

Read the “Assessing Spirituality – The Relationship between Spirituality and Mental Health” article. (link below)

In this quantitative study, the authors attempted to investigate the possible relationship between two spirituality variables (religious coping styles and spiritual well-being) and two psychological variables (anxiety and depression). Also studied were differences between those who self-disclosed a spiritual/religious identity and those who did not. Their data analysis concluded that individuals who reported a high use of religious coping styles also reported high levels of spiritual well-being.

• The authors felt a limitation of their study was in defining ‘spirituality.’ State how that can be an obstacle in doing religious counseling.
• The authors state, “Spiritual well-being can clearly incorporate God into ones’ life while also incorporating self-reliance.” Is this not a seeming contradiction? Give your thoughts on this.

Response paper Phil 201

Having completed the unit of philosophy of religion, you are now ready to respond to an article written by an actual atheist. This article titled “On Being an Atheist,” was written by H. J. McCloskey in 1968 for the journal Question. McCloskey is an Australian philosopher who wrote a number of atheistic works in the 1960s and 70s including the book God and Evil (Nijhoff, 1974). In this article, McCloskey is both critical of the classical arguments for God’s existence and offers the problem of evil as a reason why one should not believe in God. Please note the following parameters for this paper:

1. Your assignment is to read McCloskey’s short article found in the Reading & Study folder in Module/Week 7 and respond to each of the questions below. Your instructor is looking for a detailed response to each question.
2. The response paper is to be a minimum of 1,500 words (not including quotes) and must be written as a single essay and not just a list of answers to questions.
3. The basis for your answers must primarily come from the resources provided in the lessons covering the philosophy of religion unit of the course (Evans and Manis, Craig, and the presentation) and these sources must be mentioned in your paper. You are not merely to quote these sources as an answer to the question—answer them in your own words.
4. You may use other outside sources as well, as long as you properly document them. However, outside sources are not necessary. Each of the questions can be answered from the sources provided in the lessons.
5. While the use of the Bible is not restricted, its use is not necessary and is discouraged unless you intend to explain the context of the passage and how that context applies to the issue at hand in accordance with the guidelines provided earlier in the course. You are not to merely quote scripture passages as answers to the questions. Remember this is a philosophical essay not a biblical or theological essay.
6. While you may quote from sources, all quotations must be properly cited and quotes from sources will not count towards the 1,500 word count of the paper.
7. You may be critical of McCloskey, but must remain respectful. Any disparaging comment(s) about McCloskey will result in a significant reduction in grade.
8. Please note that this paper will be submitted through SafeAssign, which is a plagiarism detection program. The program is a database of previously submitted papers including copies of papers that have been located on the Internet. Once submitted, your paper will become part of the database as well. The program detects not only exact wording but similar wording. This means that if you plagiarize, it is very likely that it will be discovered. Plagiarism will result in a 0 for the paper and the likelihood of you being dropped from the course.

Specifically, you must address the following questions in your paper:

1. McCloskey refers to the arguments as “proofs” and often implies that they can’t definitively establish the case for God, so therefore they should be abandoned. What would you say about this in light of Foreman’s comments in his “Approaching the Question of God’s Existence” presentation?
2. On the Cosmological Argument:
3. McCloskey claims that the “mere existence of the world constitutes no reason for believing in such a being [i.e., a necessarily existing being].” Using Evans and Manis’ discussion of the non-temporal form of the argument (on pp. 69–77), explain why the cause of the universe must be necessary (and therefore uncaused).
4. McCloskey also claims that the cosmological argument “does not entitle us to postulate an all-powerful, all-perfect, uncaused cause.” In light of Evans and Manis’ final paragraph on the cosmological argument (p. 77), how might you respond to McCloskey?
5. On the Teleological Argument:
6. McCloskey claims that “to get the proof going, genuine indisputable examples of design and purpose are needed.” Discuss this standard of “indisputability” which he calls a “very conclusive objection.” Is it reasonable?
7. From your reading in Evans and Manis, can you offer an example of design that, while not necessarily “indisputable,” you believe provides strong evidence of a designer of the universe?
8. McCloskey implies that evolution has displaced the need for a designer. Assuming evolution is true, for argument’s sake, how would you respond to McCloskey (see Evans and Manis pp. 82–83)?
9. McCloskey claims that the presence of imperfection and evil in the world argues against “the perfection of the divine design or divine purpose in the world.” Remembering Evans’ comments about the limitations of the conclusion of the cosmological argument, how might you respond to McCloskey’s charge about the teleological argument?
10. On the Problem of Evil:
11. McCloskey’s main objection to theism is the presence of evil in the world and he raises it several times: “No being who was perfect could have created a world in which there was avoidable suffering or in which his creatures would (and in fact could have been created so as not to) engage in morally evil acts, acts which very often result in injury to innocent persons.” The language of this claim seems to imply that it is an example of the logical form of the problem. Given this implication and using Evans and Manis’ discussion of the logical problem (pp. 159–168, noting especially his concluding paragraphs to this section), how might you respond to McCloskey?

b.      McCloskey specifically discusses the free will argument, asking “might not God have very easily so have arranged the world and biased man to virtue that men always freely chose what is right?” From what you have already learned about free will in the course, and what Evans and Manis says about the free will theodicy, especially the section on Mackie and Plantinga’s response (pp. 163–166) and what he says about the evidential problem (pp. 168–172), how would you respond t

to McCloskey’s question?

1. On Atheism as Comforting:
2. In the final pages of McCloskey’s article, he claims that atheism is more comforting than theism. Using the argument presented by William Lane Craig in the article “The Absurdity of Life without God,” (located in Reading & Study for Module/Week 6), respond to McCloskey’s claim.

EFFECT OF SLAVE TRADE IN AFRICA

Though colonialism may have officially ended, the effects of colonialism are still very much present today. This is true in modern-day Africa.
Review the following resources for additional information on the slave trade in Africa:

• Origins of African Slaves: Slave Trade Routes
• Lasting Effects of Slavery on Africa
• African Countries and Independence Dates

Select 1 of the following countries from which the most slaves originated:

• Democratic Republic of the Congo
• Ghana
• Ivory Coast

Use this template to complete your paper:

• For your selected country, identify the former colonial ruling country.
• Identify your selected country’s date of independence from the colonial ruling country, and discuss the length of time the slave trade operated there.
• Discuss how the depopulation and fractured familial relationships inherent in the slave trade have affected your chosen country. Be sure to support your discussion with relevant examples.

o    Are these effects still felt today? If so, how? Provide examples.

• Based on your review of this information, what conclusions can you draw about the slave trade and its effects on your selected country?
• Based on your key findings and conclusions, what recommendations do you have to help improve the conditions in the country now? Make sure your recommendations:

o    include specific interventions or strategies to address the issues and constraints identified

o    are feasible (politically and operationally)

o    are realistic (short- and long-term)

• Utilize at least 2 credible sources to support the arguments presented in the paper. Make sure you cite them appropriately within your paper, and list them in APA format on your Reference page.
• Your paper should be 4–5 pages in length, not counting the Title page and Reference page. In accordance with APA formatting requirements, your paper should include a Title and Reference page, should be double-spaced, and include a running head and page numbers.

References
Boddy-Evans, A. (2017, September 18). Chronological list of African independence. Retrieved from https://www.thoughtco.com/chronological-list-of-african-independence-4070467
Pruitt, S. (2016, May 3). What part of Africa did most slaves come from? HISTORY. Retrieved from http://www.history.com/news/ask-history/what-part-of-africa-did-most-slaves-come-from
Ross, W. (2007, March 29). Slavery’s long effects on Africa. BBC News. Retrieved from http://news.bbc.co.uk/2/hi/africa/6504141.st

PSY 370 Assignment 2 LASA I—Amphetamine Use and Abuse

Aaliyah continues to struggle with balancing her work hours and her schoolwork. She has been drinking coffee to help her stay awake, but it is no longer working. She has an exam coming up and needs to stay up to study.

Aaliyah decides to take an amphetamine to stay awake to study for the exam. She promises herself that she will only take it this one time for the exam. The drug allows her to stay awake and alert while she is studying for the exam. She also feels that she is learning the material better as a result of the amphetamine. When the grades are in, Aaliyah receives an A on her work.

As the semester continues, Aaliyah turns to amphetamines more and more often to help her stay awake to complete her schoolwork. Soon, Aaliyah finds that one pill no longer keeps her awake as long as she needs.

She starts taking more than one pill at a time. She knows that taking amphetamines so often is not good for her health, and she finds she experiences an increase in headaches when she takes them, but she continues to take them because they are helping her be successful in school and at work.

Based on the case study, prepare a paper that addresses the following:

• Examine the change in amphetamine use and abuse in the U.S. from the 1950s to the present.
• Explain to which schedule amphetamines belong and why they are on the Schedule of Controlled Substances.
• Explain the effects Aaliyah might be experiencing as a result of her regular amphetamine use. Be sure to include:

o    Acute effects, chronic effects, and withdrawal

o    Effects on physiology (brain and body), behavior, mood, and toxicity

• Give at least three indications from the case study suggesting there may be a problem with Aaliyah’s substance use. That is, describe at least three likely behaviors that Aaliyah is likely to exhibit if she is misusing amphetamines.

Determine whether Aaliyah has a substance use disorder. Include a discussion of DSM criteria. Use the template to help you make the assessment.

Write a 4-5-page paper in Word format. Apply APA standards to citation of sources.

Assignment 2 Grading Criteria

Maximum Points

Examined the change in amphetamine use and abuse in the U.S. from the 1950s to the present.

24

Explained why amphetamine is on the Schedule of Controlled Substances and to which schedule it belongs.

20

Explained the acute, chronic, and withdrawal effects of amphetamines on physiology, behavior, mood, and toxicity.

40

Described at least 3 behaviors Aaliyah is likely to exhibit if she is misusing amphetamines.

40

Used DSM criteria to determine whether Aaliyah has a substance use disorder.

32

Style (4 points): Tone, audience, and word choice Organization (12 points):Introduction, transitions, and conclusion

Usage and Mechanics (12 points): Grammar, spelling, and sentence structure

APA Elements (16 points): In text citations and references, paraphrasing, and appropriate use of quotations and other elements of style

44

Total:

200

HHS 497 Week 2 Assignment Theory and Research Related to Social Issue

HHS 497 Week 2 Assignment Theory and Research Related to Social Issue

By now, you have had the opportunity to explore some of the fundamental elements of your social issue of interest. In this written assignment, you will now focus your attention on identifying and analyzing the scope of scholarly literature that addresses the social issue. Specifically, you will access the Ashford University Library, in addition to other scholarly content from previous coursework that might be pertinent (e.g., textbooks, research articles, etc.), to find sources that examine theoretical perspectives and relevant research that pertain to your selected topic.

This assignment will require that you develop a research-based report demonstrating theory and research methodology related to your social issue.

In your paper
• Describe two to three theories that relate to your topic area in some manner. To accommodate the broad

spectrum of social issues that might be explored, aim to find theories that attempt to explain some the following areas:

o Thereason(s)forwhythesocialissueexistsorpersists
o Factorsthatcontributetoit
o Social, environmental, political, or economic considerations that underlie it o Emergingalternativeviewpointsthatclarifytheissue

• Critically evaluate the theories described, taking into account their benefits and limitations, as well as how health and human service organizations might use them to better understand the scope of the issue.
• Describe two to three examples of research studies that have explored the issue. These studies must come from their original source; do not rely on literature reviews that summarize research conducted by others. Studies can examine any area related to the issue with the exception of interventions, as this will be addressed in the Week Three assignment. Examples include:

o Exploring the social issue’s impact on a specific group
o Identifying relationships between variables (Trochim, 2006) related to the issue
o Examining social attitudes and viewpoints through survey research (Trochim, 2006)
o Identifyingemergingtrends
o Exploring lived experiences or personal accounts using qualitative data (Trochim, 2006)

• Analyze pertinent aspects related to the research studies, such as core aims/objectives, research methods used, findings, and implications for future research and/or practice.

The Theory and Research Related to Social Issue Paper

• Must be three to four double-spaced pages in length (not including title and references pages) and

formatted according to APA style as outlined in the Ashford Writing Center.

• Must include a separate title page with the following:

o Titleofpaper
o Student’sname
o Course name and number o Instructor’sname
o Datesubmitted

• Must use at least five scholarly sources in addition to the course text.
o TheScholarly,PeerReviewed,andOtherCredibleSourcestableoffersadditionalguidanceon

appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.

• Must document all sources in APA style as outlined in the Ashford Writing Center.
• Must include a separate references page that is formatted according to APA style as outlined in the

Ashford Writing Center.

HHS 497 Week 1 Assignment Background of Social Issues

HHS 497 Week 1 Assignment Background of Social Issues

Background of Social Issues. Due by Day 7. Throughout the course of your degree program, you have had the opportunity to examine various topical issues that are addressed by professionals in the health and human services field. To demonstrate your mastery of the program learning outcomes, you will synthesize your knowledge of various content areas related to a social issue of your choosing, and use this to develop an original intervention (i.e., strategy, technique, or application) to address this particular topic in your Final Paper. To facilitate in the development of this final assignment, you will prepare and submit the first of four written assignments, which will involve a thorough overview of your proposed social issue.

More specifically, your task will involve addressing the following content areas:

• Identify a social issue that health and/or human service organizations address in some capacity and

discuss its current impact on group(s) affected by it. When selecting an area of focus, take into account broad topics that have been exhaustively scrutinized at the scholarly level, such as homelessness, mental health, aging, substance abuse, child welfare, etc. A good place to begin your search on an area of interest is the HHS A to Z Index.

• Describe the historical underpinnings of this issue. Factors to consider include: where and how it originated, pertinent events and their dates, and its current status.
• Discuss specific factors contributing to the social issue. Consider environmental, social, political, and economic reasons that have attempted to explain why this issue persists.
• Evaluate the impact of this social issue on the delivery of health and human service efforts by reviewing the scholarly literature and relevant professional/governmental resources for evidence of formal responses in the form of policy implementation, legislation, or Acts related to this social issue. What impact has this had on how health and/or human service organizations provide support in terms of direct practice with clients and within communities?

At minimum, your submission must include three scholarly sources (excluding the required course readings), two of which must come from the Ashford University Library (e.g., articles, professional critiques, research reports, etc.). The third source can come from either the library or from a professional website ending in .gov.

The Background of Social Issues Paper

• Must be three to four double-spaced pages in length (not including title and references pages) and

formatted according to APA style as outlined in the Ashford Writing Center.

• Must include a separate title page with the following:

o Titleofpaper
o Student’sname
o Course name and number o Instructor’sname
o Datesubmitted

• Must use at least three scholary sources (excluding the required course readings), two of which must come from within the Ashford University Library (e.g., articles, professional critiques, research reports, etc.). The third source can come from either the library or from a professional website ending in .gov).

o The Scholarly, Peer Reviewed, and Other Credible Sources table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.

• Must document all sources in APA style as outlined in the Ashford Writing Center.
• Must include a separate references page that is formatted according to APA style as outlined in the

Ashford Writing Center.

ETH 321 Assignment Week 3 Team Assignment Sexual Harassment Education for Managers

The purpose of this assignment is to define sexual harassment in the workplace and its negative effect on employees and the business, to analyze the requirements for a sexual harassment claim, to develop methods that a business can adopt to reduce or eliminate sexual harassment claims and litigation, and to assess liability based on the form of business entity.

Read the following scenario.    High-profile sexual harassment scandals, such as allegations against Bill Cosby, Harvey Weinstein of the Weinstein Company, and Bill O’Reilly and Roger Aisles of Fox News, are changing the landscape of workplace sexual harassment claims and litigation.

Conduct a roundtable discussion (in person, web conference, or via e-mail, text, etc.) with your Learning Team members regarding sexual harassment as a growing ethical and legal concern for businesses today. Each Learning Team member must be prepared to discuss each topic. Assign a group moderator to keep the discussions on track. Your discussion should last at least 45 minutes to one hour and include the following:

• Define sexual harassment and discuss applicable law (such as the Civil Rights Act of 1964). How does the state law in your state address sexual harassment?

• Discuss a recent sexual harassment claim in the news and whether media coverage is beneficial or detrimental to reporting and reducing sexual harassment claims in the workplace. Should sexual harassment claims be addressed publicly or handled privately?

• Explain the ethical and legal considerations of a business protecting its employees (the accuser, the accused, and other employees in the company) while a workplace sexual harassment investigation is underway. Does your answer change if the allegation is a widely known scandal-making front page news?

• Compare the sexual harassment liability of a business entity that is a sole proprietorship with an entity that is a corporation.

• Recommend risk management procedures a business can implement to avoid or reduce sexual harassment claims from occurring in the workplace.

You have 2 employment candidates for a marketing position.  Both have similar educational

You have 2 employment candidates for a marketing position.  Both have similar educational backgrounds and certifications.  However, the first candidate has 20 years of related experience while the second candidate has 6 years of similar experience.

The first candidate is asking for competitive base salary plus one week of extra vacation as part of the benefits package.  The second candidate is asking for a competitive base salary plus a company smart phone (upgraded each year), paid internet service at home.  The first candidate is willing to work a flexible schedule (nights, weekends, etc), while the second candidate prefers to work remotely from home.  Both are requesting to be included in the company’s annual bonus plan.

Write a 700-1100 paper that includes the following:

Compare the direct and indirect compensation requests for each candidate.

As an HR professional, what do you think is the best hiring decision for the company and why?

Use APA format and references

Str 581 week 1 career connection values and strategy paper

Choose an organization according to the following:

• Current employer
• Most recent or former employer
• Place of business that you have patronized or have been familiar with over a long period of time.

o    Avoid choosing an organization that is so large that historical data would be difficult to apply. Firms in the Russell 2000® index may fit well, whereas firms in the Dow 30 Industrial index probably do not.

• The organization can be a start-up that you or a significant other may create in the future. For a start-up, focus on an entrepreneurial idea that is of substantive interest, so this project leaves you with a product you may leverage in the future.

Write a 1,050-word paper in which you address the following:

• Identify the major components of the strategic management process.
• Discuss how these components work together to create value for the organization.
• Evaluate the company’s mission statement, vision statement, motivation strategy, innovation strategy, and people strategy. If the organization does not have one or more of these, how does that affect the organization and its people?
• Explain the role of ethics and corporate social responsibility in strategic planning.  How does this direct their strategy? How does the organization’s vison and mission align with your own values and vision?  If you are currently working for the organization, how does your role influence this and vice versa?

Problem 1 Estimate the daily carbon utilization to remove chlorobenzene from 1 million gal/day of

Problem 1 Estimate the daily carbon utilization to remove chlorobenzene from 1 million gal/day of groundwater saturated with chlorobenzene. Assume a chlorobenzene concentration of 5 mg/L is acceptable for discharge to a POTW.

Problem 2 Provide a preliminary design of a carbon adsorption system (i.e. the height of the adsorption zone, the number and size of column units, and the daily carbon usage rate) for the removal of 2,4,6- trichlorophenol from 250,000 gal/day of water. The following data are provided: Bohart-Adams model: a = 2.3 days/ft; b = -10 days (for the 90% removal line) in laboratory tests where trichlorophenol concentration was reduced from 395 mg/L to 10 mg/L at a loading of 4 gal/(ft2 ∙min) using laboratory columns with the following specifications: 2.3 m column length, 0.051 m column diameter, and 0.5 L/min flow rate. The adsorption zone was 19 ft. Assume that the unit weight of carbon is 481 kg/m3 .

Problem 3 A plating waste with a flow of 40,000 gal/day contains 274 mg/L of NaCN. Determine the amounts of chlorine as Cl2 and NaOH required to oxidize the cyanide to CO2 and N2.

Problem 4 A waste contains 150 mg/L of copper at a flow rate of 75 L/min. Determine the amount of sodium borohydride required to treat this waste.

Resources: Section 508 Website, including Subpart B

Resources:  Section 508 Website, including Subpart B

Prepare a 7- to 10-slide Microsoft® PowerPoint® presentation that explains Section 508 of the Rehabilitation Act of 1973.

List several of the technical requirements placed on software applications (§ 1194.21) and web-based applications (§ 1194.22), then explain the purpose each serves.

Incorporate additional research or academic information to support your presentation.

Format your PowerPoint® speaker notes according to APA guidelines.

GSCM-440 Iowa Elevators 3-1 Kirtis Gibbs DeVry University

What were the executives looking for from the procurement group to provide?

What is the corporate structure today and what will it look like in the future?

What is the overall plan? What does purchasing have to do with the categories? If they do it, then what is the outcome? Would it encounter support or resistance?

Create a case to clarify the new structure and the benefits that will be created from it.

British petroleum – BP-Conduct research using Scholarly, Peer Reviewed, and Other Credible Sources

Select one of the companies you would like to research below:

• British Petroleum (BP)
• Facebook
• Hyundai
• Dunkin’ Donuts
• Netflix

Conduct research using Scholarly, Peer Reviewed, and Other Credible Sources to address the following required elements:

• State what you believe is the distinctive competence and core competence of your selected company.
• Give an example of how the values and mission statement help to shape planning. Additionally, discuss some internal and external factors that may influence the business in the future.
• Complete the SWOT Analysis template for your selected organization; applying each of the categories in evaluating the company.

Support your claims with examples from required materials and/or other scholarly or credible resources, and properly cite any references.

complete and include the swot table in the paper

Refs and cite with the book below, journal articles and any other sources

BUS ADM 201 Introduction to Financial Accounting

1 Name:_________________ BUS ADM 201 Introduction to Financial Accounting TA:___________________ Spring 2018 Disc #:_________________ EXTRA CREDIT III Due at 11:59 on Saturday, May 12th GRADING: Worth up to 15 points. Carefully READ the requirements on page 2 first. Partially completed problems will earn no credit—that means all requirements must be FULLY completed. All work must be completed by hand. If you complete all items as requested, you will earn at least 7.5 points. The remaining points are dependent upon the accuracy of your answers. Round amounts to the nearest dollar, if applicable. Jamukha Corporation prepares annual financial statements. The balance sheet at December 31, 2016, is presented below. Jamukha Corporation Balance Sheet December 31, 2016 Assets Liabilities and Stockholders’ Equity Cash 22,500 Accounts payable 52,900 Accounts receivable 28,000 Common stock ($1 par) 10,000 Allowance for doubtful accounts (350) Paid-in capital in excess of par – Common stock 90,000 Inventory 55,000 Retained earnings 76,750 Prepaid insurance 4,500 Equipment 230,000 A/D – Equipment (110,000) 229,650 229,650 During 2017 the following transactions occurred: 1. Purchased$176,000 inventory on account. Jamukha Corp. uses a perpetual inventory system. 2. Sales of $335,000, plus 5.6% sales tax, were made to customers on account. Cost of goods sold was$194,500. 3. Received $26,000 cash down payment for orders that will be shipped next year. 4. Issued 12 year,$80,000 face value, 4% bonds on July 1 at 102. The bonds were sold to yield an effective annual rate of 3.79101%, and they pay interest every January 1 and July 1. 5. Collected $245,000 on account. 6. Paid general expenses of$41,250. 7. Paid $220,750 on account. 8. Paid the sales tax collected from customers to the State of Wisconsin. 9. On January 1, Jamukha Corp. sold for$9,000 cash equipment which originally cost $65,000. Accumulated depreciation for this equipment as of December 31, 2016, was$50,000. This transaction is exempt from sales tax. 2 10. Issued 1,600 shares of $100 par, 7% preferred stock for$194,000 cash. 11. Purchased equipment on July 1, 2017, for $180,000 cash. 12. Purchased 500 shares of Jamukha Corp. common stock from a disgruntled shareholder for$42 per share. 13. Recorded salaries and payroll taxes. Employee’s gross salaries were $60,000. FICA tax was withheld at a rate of 7.65%. Federal income taxes (FIT) of$6,000 were withheld, and state income taxes (SIT) of $3,000 were withheld. The federal unemployment tax (FUTA) rate was 1%, and the state unemployment tax (SUTA) rate was 3.25%. No cash has been paid yet, so record all the amounts due in the appropriate payable accounts. 14. The paychecks and payroll taxes from entry #13 were paid. Adjusting Journal Entries: 15. Straight-line depreciation with a 5 year useful life and no salvage value is used for equipment purchased in previous years. The equipment purchased on July 1, 2017 (#11) is depreciated using double-declining balance with a useful life of 15 years and a$30,000 salvage value. (Hint: The equipment was purchased midway through the year.) 16. Accrue bond interest payable and amortize bond discount/premium. Jamukha Corp. uses effective-interest amortization. (Hint: The bond was issued midway through the year.) 17. The prepaid insurance relates to a policy purchased on December 31, 2016. This insurance expires at a rate of $300 per month. Record as a general expense. 18. Jamukha estimates that 5% of accounts receivable are uncollectible. 19. Jamukha Corp. is an S-corporation and is not subject to income tax. REQUIRED: Print out the solution pages for the general journal, ledger, and worksheet that follow and enter the following transactions. I suggest that you use a pencil. a. Enter the transactions numbered 1-14 in the general journal provided on the following pages. b. Post the journal entries to the ledger accounts for items 1-14. Look at the cash account for an example of how to use the running balance ledger. I have completed the first two lines of it for you. It is a good idea to keep track of whether your balance column is a debit or a credit, particularly for contra accounts. c. Prepare an unadjusted trial balance at December 31, 2017 and enter on the worksheet. d. Worksheet requirement: Using your unadjusted trial balance (c) above and the data for adjusting entries (#15-19), prepare a 12-column worksheet similar to worksheet for Sierra Corporation in Chapter 4 and the prior extra credit assignments. You will not receive any credit if the worksheet is incomplete. To save time, you are not required to formally journalize or post your adjusting entries (you can just enter them on the worksheet). You are not required to record closing entries. e. Prepare a formal statement of cash flows using the T-account approach. Templates for the statement and the T-account worksheet are attached. (You are not required to formally present the other statements— just complete them on the worksheet.) 3 EXTRA CREDIT III SOLUTION Name _____________________ Journal: Requirement (a) General Journal Debit Credit a.1. a.2. a.3. a.4. a.5. a.6. a.7. a.8. a.9. a.10. a.11. a.12. a.13. a.14. 4 General Ledger: Requirement (b) CASH DR CR BALANCE Beginning 22,500 22,500 DR Item 3 26,000 48,500 DR ACCOUNTS RECEIVABLE DR CR BALANCE Beginning 28,000 28,000 DR ALLOWANCE FOR DOUBTFUL ACCOUNTS DR CR BALANCE Beginning 350 350 CR INVENTORY DR CR BALANCE Beginning 55,000 55,000 DR PREPAID INSURANCE DR CR BALANCE Beginning 4,500 4,500 DR EQUIPMENT DR CR BALANCE Beginning 230,000 230,000 DR ACCUM DEPRECIATION – EQUIPMENT DR CR BALANCE Beginning 110,000 110,000 CR 5 General Ledger: Requirement (b) continued ACCOUNTS PAYABLE DR CR BALANCE Beginning 52,900 52,900 CR SALARIES PAYABLE DR CR BALANCE SALES TAX PAYABLE DR CR BALANCE FICA PAYABLE DR CR BALANCE FIT PAYABLE DR CR BALANCE SIT PAYABLE DR CR BALANCE FUTA PAYABLE DR CR BALANCE SUTA PAYABLE DR CR BALANCE UNEARNED REVENUE DR CR BALANCE BONDS PAYABLE DR CR BALANCE PREMIUM ON BONDS PAYABLE DR CR BALANCE 6 General Ledger: Requirement (b) continued COMMON STOCK ($1 PAR) DR CR BALANCE Beginning 10,000 10,000 CR PREFERRED STOCK ($100 PAR) DR CR BALANCE PAID-IN CAPITAL IN EXCESS OF PAR – COMMON STOCK DR CR BALANCE Beginning 90,000 90,000 CR PAID-IN CAPITAL IN EXCESS OF PAR – PREFERRED STOCK DR CR BALANCE TREASURY STOCK DR CR BALANCE RETAINED EARNINGS DR CR BALANCE Beginning 76,750 76,750 CR SALES REVENUE DR CR BALANCE COST OF GOODS SOLD DR CR BALANCE GENERAL EXPENSES DR CR BALANCE SALARIES EXPENSE DR CR BALANCE PAYROLL TAX EXPENSE DR CR BALANCE LOSS ON DISPOSAL DR CR BALANCE 7 Account Title DR CR DR CR DR CR DR CR DR CR DR CR Totals Net loss Totals Ending retained earnings Totals Sheet Jamukha Corporation Worksheet: Requirement (c), (d) For the Year Ended December 31, 2017 Unadjusted Adjusted Income Retained Balance Trial Balance Adjustments Trial Balance Statement Earnings Statement 8 Jamukha Corporation Statement of Cash Flows: Requirement (e) For the Year Ended December 31, 2017 CASH FROM OPERATING ACTIVITIES: Increases Decreases Net Cash From Operating Activities CASH FROM INVESTNG ACTIVITIES: Net Cash From Investing Activities CASH FROM FINANCING ACTIVITIES: Net Cash From Financing Activities NET INCREASE IN CASH Cash at beginning of year Cash at end of year 9 110,000 10,000 28,000 52,900 0 350 0 90,000 55,000 0 0 4,500 0 76,750 230,000 0 0 Accounts receivable Accounts payable Pref. stock ($100 par) Statement of Cash Flows T-Account Worksheet Requirement (e) Use the formal statement to show activity within the cash account. On this statement, debits to cash correspond to increases and credits correspond to decreases. A/D – Equipment Common stock ($1 par) Allow. for doubtful accts Interest payable PICEP – CS Inventory Unearned revenue PICEP – PS Prepaid insurance Bonds payable Retained earnings Equipment Premium on B/P Treasury stock FINA 408 Individual Final Company Analysis Project-DELTA AIRLINES FINA 408 Individual Final Company Analysis Project Grading Guidelines The paper is graded on a 100-point scale. The following describes the breakdown of points available: 25 points for ORGANIZATION This is a long and complicated paper, so it is essential that you are organized in your presentation of the information. Please be sure to present each item in the order suggested by the outline and have clear headings and sub-headings to make it easy to follow. Also, it is important to organize the paper in a way that prevents the reader from having to flip back and forth from one section to another to follow the discussion (e.g., ensure that each ratio/calculation is discussed immediately after it is presented, rather than having a separate table elsewhere in the report. 25 points for ANALYSIS To receive the full amount of points for this category, be sure to provide thorough discussion of your analysis process and an explanation of what the ratio/calculation means. It is important to demonstrate that you have a good understanding of why each calculation was done, and what information can be learned from it. Also, in this section I remove points for any situation where I feel that the analysis presented is not the students’ original work (i.e., taken from another source without attribution.) While you can certainly refer to other analysts’ work regarding your company, please be sure to conduct your own analyses and draw your own conclusions throughout the paper. If citations are not provided for others’ analyses in several instances throughout the paper, the appropriate academic sanctions will be imposed. 25 points for THOROUGHNESS In order to receive the full amount of points available for this portion of the paper, you must include every item listed on the general outline provided at the beginning of the course. Points will be removed if any item is missing from the analysis. 25 points for CONTENT In this category, I am assessing the extent to which the entire report provides a complete analysis of the company, utilizing the steps we practiced throughout the course. Do you tie it all together with connecting themes and findings? Or, is it just a list of the various calculations with a sentence or two in between explaining each. A successful paper will present a congruous and thorough analysis of the company with insightful and thoughtful commentary throughout. FINA 408 Individual Final Company Analysis Project FINA 408 Individual Final Company Analysis Project Grading Guidelines The paper is graded on a 100-point scale. The following describes the breakdown of points available: 25 points for ORGANIZATION This is a long and complicated paper, so it is essential that you are organized in your presentation of the information. Please be sure to present each item in the order suggested by the outline and have clear headings and sub-headings to make it easy to follow. Also, it is important to organize the paper in a way that prevents the reader from having to flip back and forth from one section to another to follow the discussion (e.g., ensure that each ratio/calculation is discussed immediately after it is presented, rather than having a separate table elsewhere in the report. 25 points for ANALYSIS To receive the full amount of points for this category, be sure to provide thorough discussion of your analysis process and an explanation of what the ratio/calculation means. It is important to demonstrate that you have a good understanding of why each calculation was done, and what information can be learned from it. Also, in this section I remove points for any situation where I feel that the analysis presented is not the students’ original work (i.e., taken from another source without attribution.) While you can certainly refer to other analysts’ work regarding your company, please be sure to conduct your own analyses and draw your own conclusions throughout the paper. If citations are not provided for others’ analyses in several instances throughout the paper, the appropriate academic sanctions will be imposed. 25 points for THOROUGHNESS In order to receive the full amount of points available for this portion of the paper, you must include every item listed on the general outline provided at the beginning of the course. Points will be removed if any item is missing from the analysis. 25 points for CONTENT In this category, I am assessing the extent to which the entire report provides a complete analysis of the company, utilizing the steps we practiced throughout the course. Do you tie it all together with connecting themes and findings? Or, is it just a list of the various calculations with a sentence or two in between explaining each. A successful paper will present a congruous and thorough analysis of the company with insightful and thoughtful commentary throughout. FINA 408 Individual Project SAMPLE – OUTLINE FOR SPRING 2018 WILL DIFFER 1. Introduction 2. Purpose of project 3. Short description of company 1. Governance and Communication Analysis 1. Introduce the concepts addressed in the questions below, then answer the questions and discuss the importance of the following: 1. Who is the company’s current CEO? Is he or she also the Chair of the Board? Discuss the company’s considerations in making this decision. Do you agree that this is the best leadership structure for this board? Why or why not?2. Who serves on the board’s Audit Committee? How many members are Financial Experts? What experience qualifies them for that designation? Do you agree with this designation? Why or why not? 3. Is there more than one class of common stock outstanding? How many votes does each share of each class of stock get? Does any one person or entity control the voting rights at the company? If so, who? 4. Who or what entity holds the highest percentage of the company’s stock? Are most of the beneficial owners reported individuals or institutions? What are the implications of the company’s ownership structure? 5. What was the total amount of compensation paid to the CEO last year? What portion of his or her total pay was annual bonus and non-equity incentives? What were the main performance measures used to determine the CEO’s annual bonus and/or non-equity incentives? 6. Listen to a recording of an analyst call (AKA earnings call or quarterly conference call) for your company. Listen to about 15-20 minutes of the call and write a summary of your observations, including any questions that you might have wanted to ask the CEO/CFO, etc. III. Strategy Analysis 1. Industry Analysis: Porter’s Five Forces 2. Rivalry among existing firms 3. Threat of new entrants iii. Threat of substitutes 1. Buyer power 2. Supplier power 3. Company Strategy Analysis 4. Is your company following a Low Cost Leader or a Product/Service Differentiation Strategy? 5. Where would evidence of this strategy show up in their financials? 1. Financial Analysis 2. Recasted Income Statement (3 years) 3. Recasted Balance Sheet (3 years) 4. Common Size Income Statement (3 years) 5. DuPont Analysis (1 year) 6. Profitability Analysis Ratios (3 years) 7. Profit Margin 8. Return on Assets (ROA) iii. Return on Equity (ROE) 1. Gross profit margin 2. EBIT Margin 3. Accounts Receivable Turnover and Days’ Receivable vii. Inventory Turnover and Days’ Inventory viii. Accounts Payable Turnover and Days’ Payable 1. PP&E Turnover 2. Long-term Asset Turnover 3. Risk Analysis 4. Non-Financial Risk Analysis 5. Review the Risk Factors section of the company’s most recent 10-K and discuss the three factors mentioned which, in your opinion, may have the most significant impact on the company 6. Financial Risk Ratios (3 years) 7. Current ratio 8. Quick ratio 9. Cash ratio 10. Liabilities-to-equity ratio 11. Capital structure ratio 12. Interest coverage ratio 1. Forecast 2. Growth Rate 3. Sustainable Growth Rate 4. Calculate and discuss the company’s dividend payout ratio (if applicable) and the Sustainable Growth Rate 5. Weighted Average Cost of Capital 6. Use the CAPM to compute the required rate of return on equity capital for the company 7. Determine the cost of debt (if applicable) and the cost of preferred stock (if applicable) 8. Compute the weighted average cost of capital for the company 9. Explain why this cost is important for companies to consider, and discuss the WACC for your company 10. Forecasted Income Statement (5 years) 11. Prepare a forecasted income statement for 5 years 12. Explain in detail your projections for Revenues, including any segment analysis conducted How mangers need to conduct Performance Evaluations with a multicultural workforce Write a one page paper on how Managers need to conduct Performance Evaluations with a multicultural workforce. How can each generation learn from one another? Then tell me what can Generation X do to make the workplace a better place? Analysis, Modeling, and Design Business Case Research Paper A Business Case Definition: Documentation detailing the requirements to move an idea from conceptualization to project initiation. For this assignment, I want you to compare and contrast a Business Case and a Business Plan. Include definitions and applications. Also please explore business case templates. The above definition of a business case is mine, if you would like to offer a different definition as part of your assignment, please do so, but of course you will defend it therein. There are examples of Business Case Templates located in the readings for this course. There are also some links provided. Please review other web sites of relevance and indicate those you use. I want you to submit to me in three weeks maximum a paper on the above and stating why the details in the business case template are there and how this represents the corpus of data that would be submitted to obtain funding and project approval to get a project started. The paper should be from 4 to 6 pages in length. Select a business case template that you like and tell me why you selected that business case template. I want you to reference at least three different business case templates and select the one you believe to be the best. Include the one, or URL for it, with your paper. You should reference the others that you evaluated to come to your conclusion. This is the first of two projects; the second is identified in week four assignments. Yes you can look now if you want to it should be there. Accounting problem Ordinary Tax – 39.6% Capital Gain – 20% Recap on Depreciation – 25% Problem 1 XYZ LLC is planning to purchase land and a commercial building for$200,000,000.  An appraisal of the property has identified that 15% of the purchase price relates to land with the remaining relating to the building.  A Cost Segregation Study (“Cost Seg”) was performed which showed that 90% of the building cost related to real property and that 8% and 2% related to 7 and 5 year personal property respectively. XYZ LLC plans to hold the property for 7 years and then sell it for $210,000,000. Calculate the after tax IRR assuming no cash flow other then tax savings from depreciation under two alternatives: 1) assuming no Cost Seg data is used to calculated depreciation and 2) Cost Seg data is used. Also, assume that when the personal property is sold that it will have no value. Economic Gain – 10 million Depreciation rates are as follows: Real Property – 39 year straight line 7 and 5 Year Personal Property – double declining with switch to straight line or: 7 Year Property 5 Year Property 1. 14.29% 1. 20% 2. 24.49% 2. 32% 3. 17.49 % 3. 19.2% 4. 12.49 % 4. 11.52% 5. 8.93 % 5. 11.5% 6. 8.92 % 6. 5.76% 7. 8.93 8. 4.46 Signature Assignment Assignment Steps Develop a 700- to 1,050-word memo to a prospective employer outlining your credentials, including: taking this class, all of the projects you have done for this class individually and with your team, and their impact on the businesses you have engaged with so a senior manager reading it would want to hire you as either an operations consultant or permanent employee. Summarize the business case for each project. Outline what you specifically accomplished, assuming these projects were implemented, and their estimated impacts on the business. Utilize the learnings from your skills in global sourcing, procurement, and outsourcing which can also be of benefit to your target firm. Format your assignment as if you would be giving a presentation to senior management. BSBMKG414 Undertake marketing activitis Formative question Activity 1. 1. What is marketing? (20-40words) 1. What is the USP? (20-40 words) 1. Consider an organisation with a strong market presence. How does the organisation market itself and what is its USP? (50-75 words) Activity 2. 1. What might policies and procedures used in the workplace in regard to marketing activities bebased on? (30-50 words) 1. What information can you find in an organisation’s marketing plan in relation to pricing? What will the organisation have taken into account when setting pricing levels? 100-150words Activity 3. How can you determine the need for marketing activities? Provide at least three examples. Activity 4. 1. How can you investigate previous marketing activities for relevant information? Provide at least five examples. 1. Describe the meaning of tactical, strategic and investment decision that might have been made in previous marketing activities. 1sentence each Activity 5. 1. Explain the value of profiling the market segment. 75-125words 1. Think about a product that has been successfully marketed. Identify the market segments that have been targeted as part of the marketing campaign. 20-40words Activity 6. 1. What is positioning? 1 sentence 1. What is market mix? 20-40words 1. Describe how to create a positioning strategy. 150-200 words Activity 7. 1. What question might an organisation ask to identify expected marketing activity outcomes? Provides at least three examples. 2. How can colleagues be prepared for marketing activities? Provide at least two examples. Activity 8. 1. How can information be analysed? Provide at least three examples 1. What question do you need to ask when conducting a customer analysis? Provide at least five examples Activity 9. 1. What steps can be taken to develop activity plans? 1 sentence 1. What resource might be needed for documenting work activities? Provide at least three examples Activity 10 1. From whom should you seek approval for plans? Provides at least three examples 1. What processes could you go through to obtain approval of plans? 1 sentence Activity 11. 1. What types of resouces can be required for implementing marketing activities? Provide three examples. 2. You have been asked to put together a sample bag to be given out at a product launch. What will you need to do? 75-125 words Activity 12 1. What type of marketing activities might an organisation become involved in? Provide at least two examples. 2. Consider an organisation with a strong market presence. What types of activities does it undertake? Which work best? Why? 50-75 words Activity 13 1. Outline the responsibilities of a copywriter. 30-50words 1. Who are considered relevant marketing personnel within an organisation? Provide at least five examples. Activity 14. 1. How can marketing activities be reviewed? Provide at least five examples. 1. When marketing activities have been reviewed, how can they be amended? 30-50words Activity 15 1. How can outcomes of marketing activities be measured? Provide at least three examples. 2. How can outcomes of marketing activities be documented? Provide at least two examples. Activity 16. 1. Hoe can you review expected outcomes of marketing activities? 40-60words 2. How can they be documented? 1 sentence Acitivty 17. What are the main components of a report? You shoud able to identify at least 10 Summative assessment 1 Question 1. Identify the seven basic steps in planning marketing activities. Question 2 List five examples of basic marketing activities. Question 3. Describe the difference between organisational policies, procedures and practices. 150-200 words Question 4. Outline how market research can be used to assess suitability of an organisation’s existing products. Why is it difficult to introduce and market a new product or service? 75-100words Summative Assessment 2. Project The owner of a new animal training school, which uses a special new technique and claims to be able to teach dogs read, contacts your advertising agency. The short-term goal of the new training school is to expand its small premises on the outskirts of Brisbane to a nationally recognised company with many school in all the major cities and large provincial towns The long-term goal of the school is to expand, over a 10 year period, from its base in Australia into America. Describe in a report form how you would put together a team to : • Conduct market research • Develop product knowledge • Examine the situation including previous marketing activities and decide on a plan of action • Clearly describe the goals that you have set • How you would allocate roles and responsibilities to individuals members of your team • What resources will you required (including team members) • Set realistic timeline for your campaign • Describe how you will obtain budget figures and relate actual cost to the budget • Compile and attach an agenda for the inaugural team meetings • Outline promotional activities that should be planned and some advertising methods that could be used but may not be appropriate • Detail why, in your opinion, they would not be appropriate • Describe how you intend to set up relationships with relevant groups and what groups would be targeted • What networks will be used to assist in the promotion • What brainstorming is and why it can be useful • Review marketing activities 1000-2000words Production/Operation Draft written responses to the following text questions. Please be sure to answer the whole question as an essay in a thorough manner. Please provide at least a full page of text 1. Define Inventory and give 5 examples of inventory 2. Give 4 reasons to hold inventory 3. What is the difference between fixed order quantity and fixed order interval in inventory management? 4. Explain briefly what does the 80/20 rule means in inventory management BSBMKG414 Undertake marketing activitis Formative question Activity 1. 1. What is marketing? (20-40words) 1. What is the USP? (20-40 words) 2. Consider an organisation with a strong market presence. How does the organisation market itself and what is its USP? (50-75 words) Activity 2. 1. What might policies and procedures used in the workplace in regard to marketing activities bebased on? (30-50 words) 2. What information can you find in an organisation’s marketing plan in relation to pricing? What will the organisation have taken into account when setting pricing levels? 100-150words Activity 3. How can you determine the need for marketing activities? Provide at least three examples. Activity 4. 1. How can you investigate previous marketing activities for relevant information? Provide at least five examples. 1. Describe the meaning of tactical, strategic and investment decision that might have been made in previous marketing activities. 1sentence each Activity 5. 1. Explain the value of profiling the market segment. 75-125words 1. Think about a product that has been successfully marketed. Identify the market segments that have been targeted as part of the marketing campaign. 20-40words Activity 6. 1. What is positioning? 1 sentence 1. What is market mix? 20-40words 1. Describe how to create a positioning strategy. 150-200 words Activity 7. 1. What question might an organisation ask to identify expected marketing activity outcomes? Provides at least three examples. 1. How can colleagues be prepared for marketing activities? Provide at least two examples. Activity 8. 1. How can information be analysed? Provide at least three examples 1. What question do you need to ask when conducting a customer analysis? Provide at least five examples Activity 9. 1. What steps can be taken to develop activity plans? 1 sentence 1. What resource might be needed for documenting work activities? Provide at least three examples Activity 10 1. From whom should you seek approval for plans? Provides at least three examples 1. What processes could you go through to obtain approval of plans? 1 sentence Activity 11. 1. What types of resouces can be required for implementing marketing activities? Provide three examples. 1. You have been asked to put together a sample bag to be given out at a product launch. What will you need to do? 75-125 words Activity 12 1. What type of marketing activities might an organisation become involved in? Provide at least two examples. 1. Consider an organisation with a strong market presence. What types of activities does it undertake? Which work best? Why? 50-75 words Activity 13 1. Outline the responsibilities of a copywriter. 30-50words 1. Who are considered relevant marketing personnel within an organisation? Provide at least five examples. Activity 14. 1. How can marketing activities be reviewed? Provide at least five examples. 1. When marketing activities have been reviewed, how can they be amended? 30-50words Activity 15 1. How can outcomes of marketing activities be measured? Provide at least three examples. 1. How can outcomes of marketing activities be documented? Provide at least two examples. Activity 16. 1. Hoe can you review expected outcomes of marketing activities? 40-60words 1. How can they be documented? 1 sentence Acitivty 17. What are the main components of a report? You shoud able to identify at least 10 Summative assessment 1 Question 1. Identify the seven basic steps in planning marketing activities. Question 2 List five examples of basic marketing activities. Question 3. Describe the difference between organizational policies, procedures and practices. 150-200 words Question 4. Outline how market research can be used to assess suitability of an organization’s existing products. Why is it difficult to introduce and market a new product or service? 75-100words Summative Assessment 2. Project The owner of a new animal training school, which uses a special new technique and claims to be able to teach dogs read, contacts your advertising agency. The short-term goal of the new training school is to expand its small premises on the outskirts of Brisbane to a nationally recognized company with many school in all the major cities and large provincial towns The long-term goal of the school is to expand, over a 10 year period, from its base in Australia into America. Describe in a report form how you would put together a team to: • Conduct market research • Develop product knowledge • Examine the situation including previous marketing activities and decide on a plan of action • Clearly describe the goals that you have set • How you would allocate roles and responsibilities to individuals members of your team • What resources will you required (including team members) • Set realistic timeline for your campaign • Describe how you will obtain budget figures and relate actual cost to the budget • Compile and attach an agenda for the inaugural team meetings • Outline promotional activities that should be planned and some advertising methods that could be used but may not be appropriate • Detail why, in your opinion, they would not be appropriate • Describe how you intend to set up relationships with relevant groups and what groups would be targeted • What networks will be used to assist in the promotion • What brainstorming is and why it can be useful • Review marketing activities 1000-2000words Analysis, Modeling, and Design Business Case Research Paper A Business Case Definition: Documentation detailing the requirements to move an idea from conceptualization to project initiation. For this assignment, I want you to compare and contrast a Business Case and a Business Plan. Include definitions and applications. Also please explore business case templates. The above definition of a business case is mine, if you would like to offer a different definition as part of your assignment, please do so, but of course you will defend it therein. There are examples of Business Case Templates located in the readings for this course. There are also some links provided. Please review other web sites of relevance and indicate those you use. I want you to submit to me in three weeks maximum a paper on the above and stating why the details in the business case template are there and how this represents the corpus of data that would be submitted to obtain funding and project approval to get a project started. The paper should be from 4 to 6 pages in length. Select a business case template that you like and tell me why you selected that business case template. I want you to reference at least three different business case templates and select the one you believe to be the best. Include the one, or URL for it, with your paper. You should reference the others that you evaluated to come to your conclusion. This is the first of two projects; the second is identified in week four assignments. Yes you can look now if you want to it should be there. Accounting problem Ordinary Tax – 39.6% Capital Gain – 20% Recap on Depreciation – 25% Problem 1 XYZ LLC is planning to purchase land and a commercial building for$200,000,000.  An appraisal of the property has identified that 15% of the purchase price relates to land with the remaining relating to the building.  A Cost Segregation Study (“Cost Seg”) was performed which showed that 90% of the building cost related to real property and that 8% and 2% related to 7 and 5 year personal property respectively. XYZ LLC plans to hold the property for 7 years and then sell it for $210,000,000. Calculate the after tax IRR assuming no cash flow other then tax savings from depreciation under two alternatives: 1) assuming no Cost Seg data is used to calculated depreciation and 2) Cost Seg data is used. Also, assume that when the personal property is sold that it will have no value. Economic Gain – 10 million Depreciation rates are as follows: Real Property – 39 year straight line 7 and 5 Year Personal Property – double declining with switch to straight line or: 7 Year Property 5 Year Property 1. 14.29% 1. 20% 2. 24.49% 2. 32% 3. 17.49 % 3. 19.2% 4. 12.49 % 4. 11.52% 5. 8.93 % 5. 11.5% 6. 8.92 % 6. 5.76% 7. 8.93 8. 4.46 ECON312 week 3 Homework 2018 Question 1 Maryland farmers turn from tobacco to flowers Maryland tobacco farmers will be subsidized if they switch from growing tobacco to growing crops such as flowers and organic vegetables. How does offering farmers a payment to exit tobacco growing influence the opportunity cost of growing tobacco? What is the opportunity cost of using the equipment owned by a tobacco farmer? Offering farmers a payment to exit tobacco growing _______ the opportunity cost of growing tobacco. The opportunity cost of using the equipment owned by a tobacco farmer is _______. increases; the next best alternative forgone, which could be the production of flowers and organic vegetables increases; the implicit cost of using the tobacco equipment decreases; the explicit cost of using the tobacco equipment decreases; the sum of the implicit and explicit costs of using the tobacco equipment does not change; the next best alternative forgone, which could be the production of flowers and organic vegetables Question 2 Perfect competition is characterized by all of the following EXCEPT firms produce an identical product. no restrictions on entry into or exit from the industry. buyers and sellers are well informed about prices. a large number of buyers and sellers. considerable advertising by individual firms. Question 3 Which of the following illustrates economies of scale, diseconomies of scale, and constant returns to scale? Liza’s average total cost changes from$4.50 to $2.20 when she increases salad production from 7 to 9 an hour. Sam’s average total cost changes from$1.30 to $2.80 when he increases smoothie production from 5 to 8 gallons an hour. Tina’s average total cost remains at$3 when she increases pizza production from 12 to 13 an hour.

Sam faces economies of scale; Liza faces diseconomies of scale; Tina faces constant returns to scale.

Sam faces economies of scale; Tina faces diseconomies of scale; Liza faces constant returns to scale.

Tina faces economies of scale; Sam faces diseconomies of scale; Liza faces constant returns to scale.

Liza faces economies of scale; Sam faces diseconomies of scale; Tina faces constant returns to scale.

Question 4

Jennifer owns a pig farm near Salina, Kansas. Last year she earned $39,000 in total revenue while incurring$38,000 in explicit costs. She could have earned $27,000 as a teacher in Salina. These are all her revenue and costs. Therefore Jennifer earned an economic profit of$1,000.

accounting profit of $1,000 but incurred an economic loss of$65,000.

None of the above answers is correct.

accounting profit of $1,000 but incurred an economic loss of$26,000.

accounting profit of $1,000 but incurred an economic loss of$38,000.

Question 5

The main source of economies of scale is

reductions in the price of factors of production.

the ability to hire less labor.

increasing average costs.

decreasing marginal product.

greater specialization of both labor and capital.

Question 6

Jennifer’s Bakery Shop produces baked goods in a perfectly competitive market. If Jennifer decides to produce her 100th batch of cookies, the marginal cost is $120. She can sell this batch of cookies at a market price of$110. To maximize her profit, Jennifer should

produce this batch of cookies because their MR exceeds their MC.

produce this batch of cookies because they will help lower her average fixed cost.

not produce this additional batch.

charge $120 for this batch. shut down. Question 7 Anna owns a dog grooming salon in Brunswick, Georgia. The above table has Anna’s total product schedule. Anna pays each worker$300 per week and she pays rent of $600 a week for her salon. These are her only costs. When Anna has a staff of 2 workers, her average total cost equals$10.00.

$1,200.$300.

$2,400.$12.00.

Question 8

As a typical firm increases its output, its marginal cost

is constant.

increases at first and then decreases.

is negative at first and then positive.

decreases.

decreases at first and then increases.

Question 9

To produce more output in the short run, a firm must employ more of

its fixed resources.

Firms cannot produce more output in the short run.

its variable resources.

all its resources.

the least costly resources regardless of whether they are fixed or variable.

Question 10

The market demand curve in a perfectly competitive market is ________ and the demand curve for a perfectly competitive firm’s output is ________.

horizontal; horizontal

downward sloping; horizontal

downward sloping; downward sloping

downward sloping; upward sloping

horizontal; downward sloping

Question 11

Quantity (bushels of rutabagas)

Total revenue (dollars)

Total cost (dollars)

0

0

12

1

10

22

2

20

28

3

30

30

4

40

31

5

50

34

6

60

45

7

70

59

8

80

80

The above table has the total revenue and total cost schedule for Omar, a perfectly competitive grower of rutabagas. Omar’s total profit is maximized when he produces ________ bushels of rutabagas.

7

5

6

3

8

Question 12

If concerns about mad-cow disease impose economic losses on the perfectly competitive cattle ranchers, exit by the ranchers combined with no further changes in the demand for beef will force the price of beef to

fluctuate, with the trend being lower prices.

probably change, but more information about the market supply of beef is needed to answer the question.

decrease.

not change.

increase.

Question 13

Quantity of labor (workers)

Total product

(lawns mowed per week)

0

0

1

30

2

55

3

75

4

80

5

82

Kenya owns a lawn mowing company. His total product schedule is in the above table. Decreasing marginal returns first occur with the

third worker.

second worker.

first worker.

fourth worker.

fifth worker.

Question 14

The above figure illustrates a perfectly competitive firm. If the market price is $10 a unit, to maximize its profit (or minimize its loss) the firm should produce 30 units. produce more than 30 units and less than 40 units. shut down. produce 40 units. produce between 10 and less than 30 units. Question 15 Quantity of labor (workers) Total product (dogs groomed per week) 0 0 1 40 2 100 3 150 4 190 5 220 6 240 Anna owns a dog grooming salon in Brunswick, Georgia. The above table has Anna’s total product schedule. Anna pays each worker$300 per week and she pays rent of $600 a week for her salon. These are her only costs. When Anna has a staff of 2 workers, her average fixed cost equals$2,400.

$6.00.$10.00.

$7.50.$600.

Question 16

When an economist uses the term “cost” referring to a firm, the economist refers to the

price of the good to the consumer.

explicit cost of producing a good or service but not the implicit cost of producing a good or service.

implicit cost of producing a good or service but not the explicit cost of producing a good or service.

cost that can be actually verified and measured.

opportunity cost of producing a good or service, which includes both implicit and explicit cost.

Question 17

Quantity of labor (workers)

Total product

(dogs groomed per week)

0

0

1

40

2

100

3

150

4

190

5

220

6

240

Anna owns a dog grooming salon in Brunswick, Georgia. The above table has Anna’s total product schedule. Anna pays each worker $300 per week and she pays rent of$600 a week for her salon. These are her only costs. When Anna has a staff of 6 workers, her average fixed cost equals

$7.50.$2.50.

$6.00.$600.

$10.00. Question 18 U.S. Steel Lays Off 756 With a drop in the demand for steel pipe and tube, U.S. Steel Corporation will idle plants in Ohio and Texas and lay off 756 workers. Source: The Wall Street Journal , January 6, 2015 As U.S. Steel responded to the fall in demand, how did its marginal cost change? What can you say about minimum AVC in the plants that closed? As U.S. Steel responded to the fall in demand, its marginal cost ______. The minimum average variable cost in the plants that closed must have been ______. decreased; greater than the market price decreased; less than the market price decreased; equal to average fixed cost increased; less than the market price increased; greater than the market price Question 19 The law of decreasing returns states that as a firm uses more of a fixed input and a variable input, the marginal product of the fixed input and the marginal product of the variable input both decrease. fixed input, with a given quantity of variable inputs, the marginal product of the fixed input eventually decreases. variable input, with a given quantity of fixed inputs, the marginal product of the variable input eventually decreases. variable input, output will begin to fall immediately. variable input, total output will increase indefinitely. Question 20 GM cuts jobs at its Australian manufacturing unit GM will cut 500 jobs, or about 12% of its workforce, at its Australian plant because of a sharp fall in demand for its locally-made “Cruze” small car. Source: The Wall Street Journal , April 8, 2013 As GM cuts its workforce, how will the marginal product and average product of a worker change in the short run? Suppose that before the cuts the marginal product of GM workers is below their average product. As the number of workers decreases, the marginal product of a GM worker ______ and the average product of a GM worker ______ in the short run. does not? change; does not change decreases; increases increases; decreases increases; increases decreases; decreases Question 21 Output (pizzas per hour) Total cost (dollars) 0 20 1 35 2 49 3 61 4 71 5 79 6 85 Paulette owns a pizza parlor. Her total cost schedule is in the above table. Her total variable cost of producing four pizzas per hour is Some amount, but more information is needed to determine this total variable cost.$49.

$20.$71.

$51. Question 22 Airlines seek new ways to save on fuel as costs soar Fuel is an airline’s biggest single expense. In 2008, the cost of jet fuel rocketed. Airlines tried to switch to newer generation aircraft, which have more fuel-efficient engines. Source: The New York Times , June 11, 2008 Explain how a technological advance that makes airplane engines more fuel efficient changes an airline’s average variable cost, marginal cost, and average total cost. A technological advance that makes an airplane engine more fuel efficient ______ an airline’s average variable cost and ______ an airline’s marginal cost. increases; increases decreases; does not change does not change; decreases decreases; decreases Question 23 Labour (Workers) Output (bikes) Total fixed costs (dollars) Total variable costs (dollars) Total costs (dollars) 0 0 200 0 200 1 20 200 100 300 2 50 200 200 400 3 60 200 300 500 4 64 200 400 600 The table above gives costs at Jan’s Bike Shop. Unfortunately, Jan’s record keeping has been spotty. Each worker is paid$100 a day. Labor costs are the only variable costs of production. What is the total fixed cost of producing 64 bikes?

$200$500

$300$400

$600 Question 24 California’s commercial drone industry is taking off Customers are finding ever more creative ways to use drones, and 3E Robotics Inc., America’s largest producer of consumer drones, expects sales to soar. Source: Los Angeles Times, June 13, 2015 Explain what is happening in the market for commercial drones. How would you expect the price of a drone to change in the short run and the long run? How would you expect the economic profit of a drone producer such as 3D Robotics to change in the short run and in the long run? In the short run, the equilibrium price of a drone _______ and the economic profit of drone producers _______. falls; decreases rises; increases rises; remains unchanged falls; remains unchanged Question 25 Coffee king Starbucks raises its prices Starbucks will raise its price because the wholesale price of milk has risen by nearly 70% in the past year. There’s a lot of milk in those Starbucks lattes, noted John Glass, CIBC World Markets restaurant analyst. Source: USA Today, July 24, 2007 Is the cost of milk a fixed cost or a variable cost? Describe how the increase in the price of milk changes Starbucks’ short-run cost curves. The cost of milk is a ______ cost. An increase in the cost of milk shifts the ______ curves upward. variable; total cost, total variable cost, and total fixed cost fixed; average total cost, average fixed cost, total cost, and total fixed cost fixed; total cost and average total cost variable; average total cost, average variable cost, total cost, total variable cost, and marginal cost Question 26 The long run is a time period that is five years or longer. long enough to change the amount of labor employed but not to change the size of the plant. long enough to change the amount of labor employed. long enough to change the size of the firm’s plant and all other inputs. None of the above answers describes the long run. Question 27 A perfectly competitive firm is producing 50 units of output, which it sells at the market price of$23 per unit. The firm’s average total cost is $20. What is the firm’s total revenue?$1,150

$1,000$150

$23$20

Question 28

Metropolitan Museum completes round of layoffs

The museum cut 74 jobs and 95 other workers retired. The museum also laid off 127 other employees in its retail shops. The cut in labor costs is $10 million, but the museum expects no change in the number of visitors. Source: The New York Times, June 22, 2009 Explain how the job cuts and shop closings will change the museum’s short-run average cost curves and marginal cost curve. A cut in labor but no change in output increases the marginal product of labor. What is the effect on the marginal cost curve? A rightward movement along the marginal cost curve occurs. The marginal cost curve shifts upward. A leftward movement along the marginal cost curve occurs. The marginal cost curve shifts downward. Question 29 Kenya owns a lawn mowing company. His total product schedule is in the above table. The marginal product of the fourth worker is ________ lawns mowed per week. 25 5 20 80 320 Question 30 Output (gallons of ice cream per hour) Total cost (dollars) 0 1 1 2 2 3 3 5 4 8 5 11 The Jerry-Berry Ice Cream Shoppe’s total cost schedule is in the above table. Based on the table, the marginal cost of producing the fourth gallon of ice cream is$5.

$3.$8.

$2.$32.

ECON312 Week 2 Homework 2018

Question 1

The price of cotton clothing falls. As a result,

the demand for cotton clothing decreases.

both the demand for cotton clothing increases and the quantity demand of cotton clothing increases.

the quantity demanded of cotton clothing increases.

the quantity demanded of cotton clothing decreases.

the demand for cotton clothing increases.

Question 2

If a higher price for wheat decreases the quantity of corn being produced, which of the following describes what has occurred?

The quantity of wheat supplied increased and the supply of corn decreased.

The supply of wheat increased and the supply of corn decreased.

The quantity of wheat supplied increased and quantity of corn supplied decreased.

The supply of wheat decreased and the supply of corn decreased.

The supply of wheat increased and the quantity of corn supplied decreased

Question 3

If both producers and consumers believe that a product’s price will rise in the future, then at the present, demand ________ and supply ________.

increases; increases

increases; decreases

decreases; decreases

does not change; does not change

decreases; increases

Question 4

You are just about to finish college and are about to start a high paying job. Because of this new job, what is the most likely outcome in the market for cars?

Your demand for cars will decrease.

The market supply of cars will increase.

Your demand for cars will increase.

The demand and the supply for cars will decrease.

The market supply of cars will decrease.

Question 5

Many Americans are selling their used cars and buying new fuel-efficient hybrids. Other things remaining the same, in the market for used cars, ______ and in the market for hybrids ______.

Supply increases and the price falls; demand increases and the price rises
Demand decreases and the price rises; supply increases and the price falls
Both demand and supply decrease and the price might rise, fall, or not change; demand increases and the price rises
Demand decreases, supply increases, and the price falls; supply in-creases and the price fall

Question 6

If the price of a one good increases and the quantity demanded of a different good decreases, then these two goods are

substitutes.

normal goods.

inelastic goods.

complements.

inferior goods.

Question 7

Which figure above shows the effect if research is published claiming that eating pizza is healthy?

Figure B

Figure C

Figure A

Figure D

Both Figure A and Figure D

Question 8

If consumers buy a large number of plug-in electric cars, the equilibrium price of electricity will ________ and the equilibrium quantity of electricity will ________.

rise; increase

fall; increase

not change; increase

rise; decrease

fall; decrease

Question 9

Which of the following describes the law of demand? When other things remain the same, as

the quantity demanded of bread increases, the price of bread falls.

more people decide to eat pizza, the demand for pizza increases.

your income increases, you’ll buy more hamburgers.

the price of peanut butter increases, the quantity demanded of jelly decreases.

the price of gas falls, the quantity demanded of gas increases.

Question 10

In a recession, consumers have less income to spend. As a result, if dining out is a normal good, then which of the following would happen to the demand curve for dining out?

The demand curve would shift rightward.

The demand curve would not shift but the price of dining out would fall.

The demand curve would shift leftward.

The demand curve would not shift but the price of dining out would rise.

The effect on the demand curve is unknown.

Question 11

Computer chips are a normal good. Suppose the economy slips into a recession so that income falls. As a result, the demand for computer chips ________ so that the price of a computer chip ________.

decreases; rises

decreases; does not change

increases; falls

decreases; falls

increases; rises

Question 12

If income increases and the demand for bus rides decreases,

consumers are behaving irrationally.

bus rides are an inferior good.

bus rides must be a complement good with some other good.

bus rides are a substitute good.

bus rides are a normal good.

Question 13

Which figure above shows the effect of a technological advance in the production of pizza?

Figure A

Figure B

Figure C

Figure D

Both Figure A and Figure D

Question 14

Suppose over the next several years the productivity of firms producing electric cars improves dramatically. The advance in productivity leads to

an increase in the supply of electric cars so that the supply curve shifts leftward.

a decrease in the supply of electric cars so that the supply curve shifts rightward.

an increase in the supply electric cars so that the supply curve shifts rightward.

no change in the supply of electric cars, only a change in the quantity supplied of electric cars.

a decrease in the supply of electric cars so that the supply curve shifts leftward.

Question 15

If good weather conditions result in a larger than normal crop of peaches, then the

equilibrium price of peaches falls, and the equilibrium quantity of peaches decreases.

equilibrium price of peaches falls, and the equilibrium quantity of peaches increases.

equilibrium price of peaches rises, and the equilibrium quantity of peaches increases.

demand curve for peaches shifts leftward.

increase in the supply of peaches induces a greater demand for peaches, so that the equilibrium price rises and the equilibrium quantity increases.

Question 16

People eat at restaurants less often when their incomes fall because of a recession. Eating at restaurants must be

a complement to other goods.

an inelastic good.

an inferior good.

a normal good.

a substitute for other goods.

Question 17

Which of the following increases the supply of a product?

some producers going bankrupt and leaving the industry

an increase in the expected future price of the product

a higher price for the product

lower prices for the resources used to produce the product

a decrease in productivity

Question 18

If a 30 percent price increase generates a 20 percent decrease in quantity demanded, then demand is

perfectly inelastic.

inelastic.

perfectly elastic.

unit elastic.

elastic.

Question 19

Suppose the San Francisco 49ers lower ticket prices by 15 percent and as a result the quantity of tickets demanded increases by 10 percent. This set of results shows that San Francisco 49ers tickets have

an elastic demand.

a unit elastic demand.

an inelastic supply.

an elastic supply.

an inelastic demand.

Question 20

In the above figure, the movement from point a to point b reflects

a decrease in the cost of the tomato sauce used to produce pizza.

a decrease in income if pizza is a normal good.

an increase in the number of producers of pizza.

an increase in the supply of pizza.

an increase in the price of pizza.

Question 21

If the automobile workers’ union successfully negotiates a wage increase for its members, how does the wage hike affect the supply of automobiles?

The quantity supplied decreases.

The supply and quantity supplied decreases.

The quantity supplied increases.

The supply decreases.

The supply increases.

Question 22

In the above figure, the shift in the demand curve from D to D1 can be the result of

a decrease in income if pizza is a normal good.

an increase in the price of a sub sandwich, a substitute for pizza.

an increase in the price of soda, a complement to pizza.

an increase in the price of pizza.

a change in quantity demanded.

Question 23

Patrick lives near two gas stations, Exxon and Shell. If Exxon decreases the price of gas, we predict that the quantity of gasoline demanded at Shell will

increase because Exxon and Shell gas are substitutes.

decrease because Exxon and Shell gas are substitutes.

not change Exxon and Shell are different brands of gasoline.

increase because Exxon and Shell gas are complements.

decrease because Exxon and Shell gas are complements.

Question 24

Pizza is a normal good. Which figure above shows the effect of a decrease in consumers’ incomes?

Figure A

Figure B

Figure C

Figure D

Both Figure B and Figure C

Question 25

Suppose improvements in technology cause the supply of natural gas to increase and at the same time the demand for natural gas increases. What are we sure of?

Equilibrium price decreases.

Both equilibrium price and quantity increase.

Equilibrium price increases.

Equilibrium quantity decreases.

Equilibrium quantity increases.

Question 26

Consider the market for smart phones. Which of the following shifts the demand curve rightward?

an increase in the price of smart phones

a decrease in the price of smart phones

a decrease in the number of smart phone buyers

an increase in the supply of smart phones

an increase in the price of land-line phone service, a substitute for smart phones

Question 27

Price

(dollars per gallon)

Quantity demanded

(gallon per gasoline)

Quantity supplied

(gallon per gasoline)

3.73

337,562

443,074

3.63

396,398

428,008

3.65

412,031

412,031

3.62

417,899

392,665

The table above shows the situation in the gasoline market in Tulsa, Oklahoma. If the price of a gallon of gasoline is $2.20, then There is neither a surplus nor a shortage, but the market is NOT in equilibrium. the gasoline market in Tulsa is in equilibrium. Without more information we cannot determine if there is a surplus, a shortage, or an equilibrium in the gasoline market in Tulsa. there is a shortage of gasoline in Tulsa. there is a surplus of gasoline in Tulsa. Question 28 If a 10 percent price increase generates a 10 percent decrease in quantity demanded, then demand is elastic. perfectly elastic. perfectly inelastic. inelastic. unit elastic. Question 29 The law of supply reflects the fact that suppliers have an incentive to use their resources in the way that brings the biggest return. the demand curve is downward sloping. higher prices are more attractive to consumers because they signal a higher quality product. people buy more of a good when its price falls. businesses can sell more goods at lower prices. Question 30 In the above figure, an increase in cost of the cheese used to produce pizza has no effect. results in a movement from point a to point b. shifts the supply curve from S to S2. shifts the supply curve from S to S1. results in a movement from point b to point a. ECON312 Week 4 Quiz latest 2018 Question 1 Diseconomies of scale is a result of mismanagement. difficulties of coordinating and controlling a large enterprise. larger fixed costs as the firm’s production increases. technological progress. specialization of labor, capital, and management. Question 2 In a perfectly competitive market, the firm is a price taker because ______. the price in the market is the price that maximizes each? firm’s producer surplus the firms in perfect competition are interdependent and if one firm charges a lower? price, other firms will also lower their prices and all firms will incur an economic loss it produces only a tiny proportion of the total output of a particular good and buyers are well informed about the prices of other firms the price is dictated by the largest firm in the? market, and if a given firm lowers its price other firms will conspire against it each firms makes a slightly different product Question 3 Which of the following chain of events occurs when a tariff is imposed on a good? Domestic prices fall, decreasing the domestic quantity supplied and increasing the quantity demanded. Domestic prices fall, shifting the demand curve rightward, and consumers buy more of the good. Domestic prices rise, shifting the demand curve leftward and the domestic supply curve rightward. Domestic prices rise, decreasing the quantity demanded and increasing the domestic quantity supplied. Domestic prices rise, shifting the domestic supply curve rightward. Question 4 Energizer and Duracell dominate the battery market. It is possible that they could ________ because they operate in ________. earn$0 profit in the long run; a monopolistically competitive market

form a cartel and collude; an oligopoly

have excess capacity; a natural monopoly

collude; a perfect competitive market

form a cartel; a monopolistically competitive market

Question 5

Which of the following is a list of fixed inputs for a hospital?

the lobby, the doctors, and the electricity it uses

antibiotics, pain medication, and other prescription drugs

the emergency room, intensive care unit, and other facilities

the nurses, receptionists, and other employees

bandages, casts, and other materials

Question 6

Cost curves shift if

1. technology changes.
2. the prices of factors of production change.

iii. productivity changes.

i and ii

i and iii

i, ii, and iii

i only

ii only

Question 7

Mylan Pharmaceuticals holds a patent on the EpiPen – designed to inject epinephrine into shock victims. In 2016, Mylan received criticism for charging $600 for this life-saving drug. The market for EpiPens is considered ________ which means that the price of an Epipen ________ its marginal cost. a monopoly; equals monopolistic competition; is greater than an oligopoly; equals a monopoly; is greater than perfect competition; equals Question 8 Anna owns a dog grooming salon in Brunswick, Georgia. The above table has Anna’s total product schedule. Anna pays each worker$300 per week and she pays rent of $600 a week for her salon. These are her only costs. When Anna has a staff of 2 workers, her average variable cost equals$6.00.

$300.$2,400.

$10.00.$600.

Question 9

Suppose the grocery store market in Kansas City is perfectly competitive. Then one store buys all the others and becomes a single-price monopoly. The figure above shows the relevant demand and cost curves. When the market is perfectly competitive, the quantity of steak is ________ pounds, and when the market is a monopoly, the quantity of steak is ________ pounds.

2,000; 4,000

4,000; 4,000

5,000; 3,000

4,000; less than 2,000 pounds.

3,000; 2,000

Question 10

The above figure illustrates a perfectly competitive firm. If the market price is $40 a unit, to maximize its profit (or minimize its loss) the firm should produce more than 10 and less than 30 units. produce more than 30 units and less than 40 units. produce 40 units. shut down. produce 30 units. Question 11 Airlines seek new ways to save on fuel as costs soar Fuel is an airline’s biggest single expense. In 2008, the cost of jet fuel rocketed. Airlines tried to switch to newer generation aircraft, which have more fuel-efficient engines. Source: The New York Times , June 11, 2008 Is the price of fuel a fixed cost or a variable cost? Is the price of a new fuel-efficient engine a fixed cost or a variable cost? Explain how a technological advance that makes an airplane engine more fuel efficient changes an airline’s average total cost. The cost of the new fuel-efficient engines are a _______ cost. The cost of fuel is a _______ cost. fixed; total marginal; variable fixed; variable variable; fixed Question 12 GM cuts jobs at its Australian manufacturing unit GM will cut 500 jobs, or about 12% of its workforce, at its Australian plant because of a sharp fall in demand for its locally-made “Cruze” small car. Source: The Wall Street Journal , April 8, 2013 As GM cuts its workforce, how will the marginal product and average product of a worker change in the short run? Suppose that before the cuts the marginal product of GM workers is below their average product. As the number of workers decreases, the marginal product of a GM worker ______ and the average product of a GM worker ______ in the short run. does not change; does not change decreases; decreases decreases; increases increases; decreases increases; increases Question 13 To maximize profit, a firm in monopolistic competition will produce the quantity where marginal revenue is greater than marginal cost. is less than marginal cost. equals marginal cost. equals zero. equals average total cost. Question 14 Austin owns the Fruit Bowl food truck. Which of the following would be short run decisions for Austin? 1. how much fruit to buy 2. how many workers to hire iii. installing a new stove in his truck i and ii i only i, ii and iii ii only ii and iii Question 15 Paulette owns a pizza parlor. Her total cost schedule is in the above table. Her total fixed cost is equal to$35.

$85. Some amount, but more information is needed to determine her fixed cost.$79.

$20. Question 16 Consider the market for running shoes shown above. A tariff of ________ is imposed and causes the amount of shoes imported to ________ pairs.$40; decrease from 4 million to 2 million

$20; decrease from 4 million to 3 million$40; decrease from 5 million to 2 million

$20; decrease from 4 million to 2 million$60; decrease from 4 million to 2 million

Question 17

Henry, a perfectly competitive lime grower in Southern California, notices that the market price of limes is greater than his marginal cost. What should Henry do?

advertise his limes to be able to sell more output

look for the output level where marginal revenue minus marginal cost is maximized

expand his output to increase profits

shut down and earn no profit but also incur no loss

shut down and incur a loss equal to his total fixed cost

Question 18

A collusive agreement to form a cartel is difficult to maintain because

supply will decrease because of the high cartel price.

each member firm can increase its own profits by cutting its price and selling more.

forming a cartel is legal but frowned upon throughout the world.

demanders will rebel once they realize a cartel has been formed.

each firm can increase its profit if it decreases its production even more than the decrease set by the cartel.

Question 19

Labor (workers)

Output (bikes)

Total fixed costs (dollars)

Total variable cost (dollars)

Total cost (dollars)

0

0

200

1

20

100

2

50

3

60

4

64

The table above gives costs at Jan’s Bike Shop. Unfortunately, Jan’s record keeping has been spotty. Each worker is paid $100 a day. Labor costs are the only variable costs of production. What is the total cost of producing 50 bikes?$200

$100$500

$400$300

Question 20

Keith is a perfectly competitive carnation grower. The market price is $2 per dozen carnations. Keith’s average total cost to grow carnations is$2.50 per dozen. In the long run, Keith will

exit the industry if the price and his costs do not change.

continue to make an economic profit.

incur an economic loss.

raise his price to more than $2.50 per dozen carnations. raise his price to$2.50 per dozen carnations.

Question 21

Use the figure above to answer this question. Mary is the only veterinarian in a small town. To maximize her profit, Mary will choose to treat ________ animals per hour and charge ________ per customer in order to ________.

4; $50; operate on the inelastic portion of her demand curve 6;$20; maximize profit

6; $30; minimize average total cost 6;$20; minimize cost in order to attract more customers

4; $50; maximize profit Question 22 The U.S. Postal Service has a monopoly over first-class mail service because stamps are copyrighted. stamps are patented. the government has granted this agency a public franchise. stamps are trademarked. it owns a vital resource, namely all mailboxes. Question 23 A firm’s fundamental goal is to decrease its employment of workers in order to cut its costs. to maximize profit. to make a quality product. different for each firm. to gain market share. Question 24 Price (dollars per unit Quantity demanded (units per day) Quantity supplied (units per day) 2 20 14 6 19 16 6 18 18 8 17 20 10 16 22 12 15 24 The table above has the domestic demand and domestic supply schedules for a good. If the world price of the good is$10 and international trade occurs, then according to the table

the country imports 6 units a day.

domestic production is higher before trade than after trade.

the country imports 16 units a day.

the country exports 22 units a day.

the country exports 6 units a day.

Question 25

How do advertising and other selling costs affect a firm?

The do not change demand and shift the average total cost curve downward.

They shift the average total cost curve upward.

They shift the marginal cost curve upward.

The only effect is that the demand for the product increases.

The only effect is that the excess capacity is reduced.

Question 26

A Nash equilibrium in the duopoly game

means that one player has greater market power.

can occur only if firms cooperate with each other.

occurs when each player takes the best possible action regardless of the strategy chosen by other firms.

will always lead to equilibrium in which the firms’ total profit is the largest.

means that a firm must be able to determine its actions and the actions of its competitor.

Question 27

The table above shows the revenue figures for the top four firms along with a total for the remaining firms in the fast-food industry. What is the four-firm concentration ratio for the industry?

80 percent

200 percent

20 percent

100 percent

25 percent

Question 28

In the 1950s, crude oil and natural gas imports were restricted to keep the domestic industries viable in case of a war. The rationale for this protection is the ________ argument for protection.

anti-dumping

national security

infant-industry

save domestic jobs

penalizing lax environmental standards

Question 29

The figure above shows the U.S. demand and U.S. supply curves for cherries. At a world price of $2 per pound once international trade occurs, the total imports of cherries to the United States from other nations equals 600,000 pounds. 200,000 pounds. 400,000 pounds. 800,000 pounds. 0 pounds. Question 30 Quantity (bottles per week) Marginal cost Average variable cost Dollars per bottle 0 0 0 100 3.00 4.40 200 3.20 3.90 300 3.50 3.50 400 3.82 3.55 500 4.20 3.60 600 5.00 3.75 The table shows the cost structure of a firm selling bottles of water in a perfectly competitive market. What is the quantity at the firm’s shutdown point? The firm’s shutdown point occurs at a quantity of nothing bottles of water per week and the market price is$

nothing a bottle.

Question 31

Anna owns a dog grooming salon in Brunswick, Georgia. The above table has Anna’s total product schedule. Anna pays each worker $300 per week and she pays rent of$600 a week for her salon. These are her only costs. When Anna has a staff of 6 workers, her total cost equals

$1,800.$300.

$2,400.$7.50.

$10.00. Question 32 The above figure represents the market for cable television in Oakland, Florida. Time Warner Communications (TWC) is the sole provider of cable television to the residents of this Central Florida community. If TWC operated under a marginal cost pricing rule, what is the price of cable television in Oakland?$0

$40$30

$10$20

Question 33

Excess capacity exists when a firm produces

more than the profit-maximizing level of output.

less than the quantity that minimizes average total cost.

None of the above answers is correct.

less than the quantity that minimizes marginal cost.

more than the quantity that minimizes marginal cost.

Question 34

The figure above shows the U.S. demand and U.S. supply curves for cherries. In the absence of international trade, cherry farmers would receive ________ per pound of cherries.

$2.00$2.50

$0.50$1.00

$1.50 Question 35 Suppose Pat’s Paints is a perfectly competitive firm. If Pat’s Paints’ marginal revenue equals$5 per can, and Pat decides to sell 100 cans of paint, Pat’s total revenue equals

$500.$20.

Information on the price of a can of paint is needed to answer the question.

$5.$100.

Question 36

Kenya owns a lawn mowing company. His total product schedule is in the above table. When 4 workers are employed, the average product is ________ lawns mowed per week.

80

20

5

25

320

Question 37

Country A imports 1,000 cars per month. After imposing a $50 per car tariff, imports fall to 800 cars per month. How much does Country A’s government collect in tariff revenue?$90,000

$10,000$60,000

$40,000$50,000

Question 38

The above figure shows the U.S. market for flip-flops. With international trade, U.S. consumers buy ________ flip-flops and U.S. producers produce ________ flip-flops.

700,000; 500,000

300,000; 700,000

700,000; 300,000

500,000; 500,000

500,000; 300,000

Question 39

Perfect competition is a market in which there are? _____ firms, each selling? _____ product; many? buyers; _____ to the entry of new firms into the industry; no advantage to established firms; and buyers and sellers _____ about prices.

few; differentiated; barriers; are well informed

many; identical; no barriers; are well informed

many; identical; barriers; have no information

few; differentiated; no barriers; have no information

Question 40

Which of the following is an implicit cost in Jim’s business venture?

1. the salary Jim could have earned at another job
2. the interest Jim must pay on the loan he incurred to help open his business

iii. the interest Jim lost when he used his savings to help open his business

ii and iii

iii only

i and iii

i only

ii only

ECON312 Week 2 Quiz latest 2018

Question 1

People eat at restaurants less often when their incomes fall because of a recession. Eating at restaurants must be

a substitute for other goods.

a complement to other goods.

an inelastic good.

an inferior good.

a normal good.

Question 2

In stores, it is common to find seasonal products marked down when the season ends. What explains this behavior?

The store is trying to sell the goods and realizes that they are substitutes for other goods whose prices have risen.

The store is trying to increase its customers’ incomes by increasing their purchasing power.

The store is trying to increase its customers’ demand for the product.

The store manager must be trying to drive away customers by selling low quality products.

The law of demand is being used to increase the quantity demanded.

Question 3

As a person increases his or her caloric intake, the person’s weight increases, ceteris paribus. The relationship between the person’s caloric intake and the person’s weight is an example of

a trended relationship.

unrelated variables.

a negative relationship.

a single point on a graph.

a positive relationship.

Question 4

When the percentage change in the quantity supplied is twice the percentage change in price, then supply is

perfectly inelastic.

inelastic.

unit elastic.

elastic.

perfectly elastic.

Question 5

Suppose you eat two hamburgers for lunch. The marginal benefit of the first burger is ________ of the second burger.

smaller than the marginal benefit

equal to the marginal benefit

equal to the marginal cost and the marginal benefit

not related to the marginal benefit

larger than the marginal benefit

Question 6

The price elasticity of demand measures the extent to which the quantity demanded changes when

the price of the good changes.

consumer preferences change.

the price of a related good changes.

the expected future price of a good changes.

both the demand and supply of the good change.

Question 7

Matt pays a $50 a month membership fee at Bruno’s Gym. He can exercise at the gym as many times as he wishes. If the membership fee is measured along the vertical axis and the number of times he exercises is measured along the horizontal axis, the graph between his membership fee and the number of times he exercises will be negatively sloped. be positively sloped. be a horizontal line. start out positively sloped and then, as Matt loses interest, become negatively sloped. be a vertical line. Question 8 An increase in the quantity demanded is shown as a movement toward the demand curve. a leftward shift of the demand curve. both a movement along the demand curve and a shift of the demand curve. a rightward shift of the demand curve. a movement along the demand curve. Question 9 Researchers have found a hybrid of corn that is cheaper to grow. This technological breakthrough increases the demand for hybrid corn. decreases the supply of hybrid corn. Both answers A and C are correct. Both answers A and B are correct. increases the supply of hybrid corn. Question 10 Suppose the relationship between a person’s age and his or her height is plotted with the age measured along the x-axis and the height measured along the y-axis. Then, the curve showing this relationship is negatively sloped and becoming less steep. positively sloped and becoming more steep. positively sloped and becoming less steep. a straight line with a positive slope. a straight line with a negative slope. Question 11 Assume a market is in equilibrium. There is an increase in supply, but no change in demand As a result the equilibrium price ________, and the equilibrium quantity ________. rises; increases rises; does not change rises; decreases falls; decreases falls; increases Question 12 What is an inferior good? a product that is complementary a product of low quality that we do not want to purchase a product for which demand increases when income decreases, and demand decreases when income increases a product that is a substitute for another, better good a product for which demand increases when income increases, and demand decreases when income decreases Question 13 A time series graph shows how a certain variable changes over time. depicts a series of good economic times a nation had. is not useful if the goal is to determine a variable’s trend. shows points that are scattered. uses bars rather than lines. Question 14 In the diagram above, which figure(s) show(s) an inverse relationship between the variables? only C only B both A and C both B and C only D Question 15 When a landscaping company decides to use drafting software and computers instead of hiring designers to draw design plans by hand, it is answering the ________ question. why for whom opportunity cost what how Question 16 The cross elasticity of demand is a measure of how total revenue changes when the price of a product changes. demand for a product changes when the price of a substitute or complement changes. responsive consumers are to changes in the price of a product. demand for a product changes when income changes. responsive suppliers are to changes in the price of a product. Question 17 In the above figure, the shift in the demand curve from D to D2 can be the result of an increase in the price of soda, a complement to pizza. an increase in income if pizza is a normal good. a decrease in the supply of pizza that raises the price of pizza. a change in quantity demanded. an increase in the price of a sub sandwich, a substitute for pizza. Question 18 When you make the decision to spend your time attending class, which economic question are you answering? Is this in the social interest? For whom? How? What? Why? Question 19 Going skiing will cost Adam$80 a day. He also loses $40 per day in wages because he has to take time off from work. Adam still decides to go skiing. His decision is rational if Adam’s marginal benefit of spending a day skiing is greater than his marginal cost. Adam is definitely making a decision that is in the social interest. Adam’s lost$40 per day in wages is not an opportunity cost and so did not affect his decision.

He loses a total of $120 per day, so his decision is irrational. The$80 price of skiing is not an opportunity cost and so did not affect Adam’s decision.

Question 20

Suppose the equilibrium price of oranges is $2.00 per pound. If the actual price is above the equilibrium price, a surplus exists and the price rises to restore equilibrium. shortage exists and the price falls to restore equilibrium. shortage exists and the price rises to restore equilibrium. surplus exists but nothing happens until either the demand or the supply changes. surplus exists and the price falls to restore equilibrium. Question 21 The production possibilities frontier illustrates the maximum combinations of goods and services that can be produced. goods and services that people want. limits to people’s wants. resources the economy possess, but not its level of technology. amount of each good that people want to buy. Question 22 The above figure shows the production possibility frontier for an economy. The point or points that are attainable are points A, B, and C. points A and D. points B and C. point E. points A, B, C, and D. Question 23 Wichita is building a convention center and financing it with revenues raised from a city hotel tax. Local politicians assert that the convention center is essentially free for Wichita residents because out-of-town visitors are paying for it. Someone who is practicing the economic way of thinking would disagree because there are other projects that could be undertaken with the tax funds. the convention center may not pass a marginal cost-benefit test. the hotel tax may reduce commercial property values in the area. they believe that Wichita does not need a new convention center. the hotel tax may lead to a decline in visits to Wichita. Question 24 Which figure above shows the effect if research is published claiming that eating pizza is healthy? Figure D Both Figure A and Figure D Figure B Figure A Figure C Question 25 The United States can use all its resources to produce 250 DVDs or 500 shoes. China can use all of its resources to produce 30 DVDs or 300 shoes. The opportunity cost of producing a DVD in the United States is 2 shoes. 500 shoes. 1 DVD. 20 shoes. 1/2 of a shoe. Question 26 Proponents of cuts in income tax rates argue that when income tax rates are cut, workers have an incentive to increase their work hours. This argument is based on the assumption that workers make decisions based on the social interest. the marginal cost of each additional work hour is not important to most workers. workers are irrational. the opportunity cost of working is negative. workers make decisions based on the marginal benefit of each hour worked compared to the marginal cost of work. Question 27 The slope of the line shown in the above figure is 5/2. 2/5. 5. 2/3. 2. Question 28 Which figure above shows the effect of an increase in the cost of the tomato sauce used to produce pizza? Figure D Both Figure B and Figure C Figure C Figure B Figure A Question 29 A student at New York University used to take the Redhound bus when she visited her grandmother in Boston. After graduating, although the bus fare and the plane fare were the same as they were when she was a student, with a well-paid job on Wall Street she now takes the plane to Boston to visit her grandmother. For this student, travel by Redhound bus is a substitute good. a good with negative preferences. a normal good. a complement good. an inferior good. Question 30 A graph shows that the number of U.S. tourists visiting a Caribbean island increases as the temperature in the northeastern United States falls. The graph shows a direct relationship. an invalid relationship. a negative relationship. a positive relationship. no relationship. Question 31 The income elasticity of demand is a measure of how responsive suppliers are to changes in the price of a product. how demand for a product changes when the price of a substitute or complement product changes. the extent to which the supply of a good changes when the demand changes as a result of a change in income. how responsive consumers are to changes in the price of a product. the extent to which the demand for a good changes when income changes. Question 32 Moving from one point to another on a production possibilities frontier implies increasing the production of one good and decreasing the production of another. decreasing the production of both goods. changing the amount of factors of production that are employed. increasing the production of both goods. holding the production levels of both goods constant. Question 33 Suppose the Chicago Bears football team raises ticket prices by 13 percent and as a result the quantity of tickets demanded decreases by 21 percent. This response means that the demand for Bears tickets is unit elastic. elastic. inelastic. perfectly elastic. perfectly inelastic. Question 34 The American Dairy Association starts a highly successful advertising campaign that makes most people want to drink more milk. As a result, the demand for milk increases. the demand for milk is not affected. the demand for milk decreases because the price of milk rises. the quantity demanded of milk increases. the price of milk falls to encourage people to drink more milk. Question 35 Price (dollars per gasoline) Quantity demanded (gallons of gasoline) Quantity supplied (gallons of gasoline) 3.73 337,982 441, 074 3.68 396, 398 428, 008 3.65 412, 031 412, 031 3.62 417, 899 391, 665 The table above shows the situation in the gasoline market in Tulsa, Oklahoma. If the price of a gallon of gasoline is$2.30 then

Without more information we cannot determine if there is a surplus, a shortage, or an equilibrium in the gasoline market in Tulsa.

there is a shortage of gasoline in Tulsa.

the gasoline market in Tulsa is in equilibrium.

there is a surplus of gasoline in Tulsa.

There is neither a surplus nor a shortage, but the market is NOT in equilibrium.

Question 36

The law of supply states that, other things remaining the same,

if the price of a good increases, firms buy less of it.

if the price of a good increases, the supply increases.

demand increases when supply increases.

as people’s income increase, the supply of goods increases.

if the price of a good increases, the quantity supplied increases.

Question 37

Milk can be used to produce cheese or butter. If the price of a pound of butter rises, what happens to the supply of cheese?

The supply of cheese decreases.

The supply of cheese increases.

The supply of cheese stays the same, and there is no change in the quantity supplied of cheese.

The supply of cheese could increase, decrease, or stay the same depending on what happens to the supply of butter.

The supply of cheese stays the same, and there is a decrease in the quantity supplied of cheese.

Question 38

A trend is

the minimum value of a variable.

a general tendency for a variable to rise or fall.

the difference between the maximum value of a variable and the minimum value of the variable.

a measure of closeness on a scatter diagram.

the maximum value of a variable.

Question 39

The figure above shows a

trend diagram.

cross-section graph.

time-series graph.

slope.

scatter diagram.

Question 40

The question “Should economics majors or sociology majors earn more after they graduate?” is an example of a ________ question.

for whom

why

where

how

what

Economics Question

In an effort to make the distribution of income more nearly equal, the government of a country passes a tax law that changes the Lorenz curve from

y = 0.97x2.1 for one year to y = 0.36x2 + 0.64x for the next year. Find the Gini coefficient of income for both years. (Round your answers to three decimal places.)

Before

After

ECO 372 Final Exam Guide (New 2018)

ECO 372 Final Exam Guide (New 2018)

1.

Martha lends $200 to a friend who promises to return it after a year. Instead of lending it to her friend, Martha could have put the money in a bank where she could have earned an interest rate of 2 percent per annum. Martha’s opportunity cost of lending the money is _____. A.$2

B.$204 C.$200

1. $4 2 The exhibit given below shows the short-run aggregate demand and supply curves in an economy, AD1 and AS1, and the long-run aggregate supply curve, LRAS. The economy was initially in equilibrium when there was a decrease in aggregate demand, causing a shift of the aggregate demand curve from 1. AD1 to AD2. Which of the following is true in this case? 1. The economy will move from point B to point A in the short run and then to point C in the long run. 1. The economy will move from point C to point B in the short run and then eventually to point A. 1. The economy will move from point D to point A in the short run and then to point C in the long run. 1. The economy will move from point D to point C in the long run. 3 Suppose an economy is in long-run equilibrium. An increase in consumption expenditure will: 1. shift the short-run aggregate supply curve rightward and increase both the price level and real output in the long run. 1. decrease both the price level and real gross domestic product in the long run. 1. increase the price level in the long run but have no effect on real gross domestic product. 1. shift the aggregate demand curve rightward and increase the real output in the long run. 4 In the long run, a higher saving rate: 1. always leads to a higher level of productivity because of increasing returns to scale. 1. does not lead to a higher level of income because of deterioration in labor productivity. 1. always leads to a higher growth rate of output because of improvement in the stock of human capital. 1. does not always lead to a higher growth rate of output because of diminishing returns to capital. 5. Suppose the net foreign investment in Italy is positive. This implies that: 1. Italians are buying more foreign assets than foreigners are buying Italian assets. 1. foreigners are buying relatively more Italian assets. 1. Italy is experiencing a net capital inflow. 1. foreign direct investment in Italy is higher than foreign portfolio investment in the country. 6) The circular-flow diagram shows that: 1. firms receive wages and profits from households in the products market. 1. households sell the factors of production to firms in the inputs market. 1. households supply resources to firms in the products market. 1. firms supply labor and other resources to the government in the factor market. 7) The table given below shows the total amount of spending in the country of Mesodonia. Mesodonia’s Mesodonia’s gross domestic product is: Components of GDP Value in millions consumption$110

Investment                             $1400 Gov. expenditure$3200

Exports                                   $400 Imports$550

Which one?

1. $5,660 million. 2.$4,710 million.
3. $4,160 million. 4.$4,560 million.

8

The country of Merilya exported goods and services worth $1.2 million and imported goods and services worth$2.7 million. The net exports of the country was _____.

1. 3.9 million, and it had a trade surplus

1. −$1.5 million, and it had a trade deficit 1.$2 million, and it had a trade surplus

1. −$3.9 million, and it had a trade deficit 9 Suppose the Fed purchases government bonds through open-market operations. All other things remaining equal, this is likely to: 1. decrease the price level and increase the real wealth of consumers. 1. decrease the price level and make domestic goods less expensive relative to foreign goods. 1. increase the price level and eventually decrease the interest rate and investment spending. 1. increase the price level and eventually decrease the demand for money as well as goods and services. 10 A rise in the price of bacon from$14 per pound to $16 per pound will reduce the purchasing power of the dollar by: 1. 0.55 pounds of bacons. 1. 0.06 pounds of bacon. 1. 5 pounds of bacon. 1. 2 pounds of bacon. 11. A difference between commodity money and fiat money is that: 1. fiat money cannot be used as a unit of account. 1. commodity money is used in a barter economy. 1. fiat money does not have any intrinsic value. 1. commodity money cannot be used as a unit of account. 12 Suppose the net capital outflow from Zenovia is negative. This implies that: 1. the real interest rate in Zenovia is high. 1. the real interest rate in foreign countries is higher than in Zenovia. 1. foreigners are not interested in buying assets in Zenovia. 1. the citizens of Zenovia are investing more in foreign assets than foreigners are investing in assets in Zenovia. 13 There is an increase in human capital when _____. 1. Shiroh persuades the management of her company to offer more perks to employees 1. Sue rents a laser printer to teach her employees how to fix it 1. Samantha receives training in quality management after joining a new firm 1. Susie puts in more than 8 hours of work at her workplace every day 14 After retirement, Molly deposits$500,000 in a local bank in Merrina. At an interest rate of 4 percent, she will receive approximately _____ after 3 years.

1. $662,345 2.$608,326
3. $562,432 4.$750,000

15

Ruth wants to calculate the present value of a sum of money that she will receive after the demise of her grandparents. To calculate the present value, she should use the:

1. expenditure method.

1. discounting method.

1. value-added method.

1. compounding method.

16

The buyers and sellers in the country of Perylia use corn as a medium of exchange. This means that:

1. Perylia uses commodity money.

1. corn cannot be used as a store of value or as a unit of account in Perylia.

1. Perylia uses fiat money.

1. corn can be used as a store of value but not as a unit of account in Perylia.

17

Scarcity occurs because of:

1. the excess of quantity supplied over quantity demanded.

1. overutilization of labor.

1. limited human needs and wants.

1. the limited supply of resources.

18

The Phillips curve shows:

1. the negative relationship between inflation and unemployment.

1. the positive relationship between the interest rate and the supply of money.

1. the positive relationship between the price level and aggregate supply.

1. the negative relationship between the interest rate and the demand for money.

19

Ephlon Inc., an Italian bike manufacturer, opens a factory in the United States. This is an example of:

1. the accumulation of human capital.

1. the catch-up effect.

1. a foreign direct investment.

1. a foreign portfolio investment.

20

Jack is an out-of-work sculptor. He has been looking for a job for the last two years. Unable to find any, he has given up his job search. Which of the following is true in this case?

1. This is an example of frictional unemployment.

1. This is an example of structural unemployment.

1. He is a part of the unemployed labor force.

1. He is a discouraged worker and will not be included in the calculation of the unemployment rate.

21

Suppose the central bank of a country undertakes an expansionary monetary policy. Which of the following is most likely to be the effect of such a policy, all other things remaining unchanged?

1. An increase in the price level that reduces the real value of households’ money holdings and stimulates consumer spending

1. An increase in the price level that stimulates spending on net exports and increases the demand for money

1. A decrease in the price level that reduces the amount of money that people want to hold and decreases the interest rate.

1. A decrease in the price level that reduces the interest rate and lowers the real value of the domestic currency foreign-exchange market.

22

Following the unexpected good performance of Leathex, all its employees were given a one-time bonus. This consequently led to a rightward shift of the demand curve for shoes manufactured by the company and a leftward shift of the demand curve for socks. This shows that shoes are:

1. inferior goods.

1. substitutes.

1. normal goods.

1. complementary goods.

23

A higher interest rate in a country:

1. encourages citizens to buy foreign assets.

1. makes domestic bonds less attractive to foreigners.

1. lowers saving in the country and decreases the quantity of loanable funds supplied.•

1. discourages investment and decreases the quantity of loanable funds demanded.

24

If the price level in an economy is 120 and the equilibrium price level is 100, _____.•

1. people will want to hold more money than is supplied by the central bank•

1. the demand for money curve will shift to the left

1. the purchasing power of money will increase

1. the supply of money is likely to exceed the demand for money

25

A recent survey showed the health benefits of cranberry juice for treating heart and other respiratory disorders. The exhibit below shows that the initial demand curve for cranberry juice is D1. Which of the following is likely to be a consequence of the publication of the survey?

1. The demand curve will shift from D1 to D3.

1. There will be a movement from point A to point C on D1.

1. The demand curve will shift from D1 to D2.

1. There will be a movement from point A to point B on D1.

26

Keynesian economists believe that when an economy is in a recession, the government should:

1. decrease tax rates rather than increase government spending because households always view such tax cuts as permanent and increase their current consumption.

1. increase its purchases rather than decrease taxes because households save a part of the increase in their income as a result of tax cuts.

1. increase the money supply in the economy so that interest rates decline, reducing the cost of borrowing to finance new investment projects.

1. increase the money supply in the economy so that an excess supply of money can induce households to increase their consumption expenditure.

27

The Marions purchased a Persian rug worth $5,000 from an Iranian textile mill. Everything else remaining unchanged, this will: 1. decrease the consumption expenditure in the domestic country by$5,000.

1. decrease the net imports of the domestic country by $5,000. 1. reduce the net exports of the domestic country by$5,000.

1. increase the gross domestic product of the domestic country by $5,000. 28 As more capital is used in the production process, the amount of other inputs being fixed, the production function becomes: 1. flat because the extra output produced from an additional unit of capital decreases. 1. steep because the extra output produced from an additional unit of capital decreases. 1. steep because the extra output produced from an additional unit of capital increases. 1. flat because the extra output produced from an additional unit of capital increases. 29 The natural rate of unemployment in a country is 4 percent. This implies that:• 1. the country has an unemployment rate of 4 percent in the short run.• 1. the country has a 4 percent unemployment rate when the labor market is in equilibrium. • 1. 4 percent of the labor force is unemployed at any given point of time. 1. the unemployment rate is constant at 4 percent over time. 30 Which of the following is true according to the circular-flow diagram? 1. Firms receive wages, rent, and profit from the government. 1. Firms receive income from households. 1. Households receive revenue from the government. 1. Households receive wages, rent, and profit from firms. ECO 372 Final Exam 1 The Marions purchased a Persian rug worth$5,000 from an Iranian textile mill. Everything else remaining unchanged, this will:

decrease the net imports of the domestic country by $5,000. decrease the consumption expenditure in the domestic country by$5,000.
reduce the net exports of the domestic country by $5,000. increase the gross domestic product of the domestic country by$5,000.

2 The table given below shows the total amount of spending in the country of Mesodonia. Mesodonia’s gross domestic product is:

$5,660 million.$4,560 million.
$4,160 million.$4,710 million.

3 The circular-flow diagram shows that:
firms receive wages and profits from households in the products market.
households sell the factors of production to firms in the inputs market.
households supply resources to firms in the products market.
firms supply labor and other resources to the government in the factor market.

4 Martha lends $200 to a friend who promises to return it after a year. Instead of lending it to her friend, Martha could have put the money in a bank where she could have earned an interest rate of 2 percent per annum. Martha’s opportunity cost of lending the money is _____.$204
$200$2
$4 5 Following the unexpected good performance of Leathex, all its employees were given a one-time bonus. This consequently led to a rightward shift of the demand curve for shoes manufactured by the company and a leftward shift of the demand curve for socks. This shows that shoes are: normal goods. complementary goods. substitutes. inferior goods. 6 Ephlon Inc., an Italian bike manufacturer, opens a factory in the United States. This is an example of: the catch-up effect. the accumulation of human capital. a foreign portfolio investment. a foreign direct investment. 7 Which of the following is true according to the circular-flow diagram? Households receive revenue from the government. Firms receive income from households. Firms receive wages, rent, and profit from the government. Households receive wages, rent, and profit from firms. 8 Scarcity occurs because of: overutilization of labor. the limited supply of resources. limited human needs and wants. the excess of quantity supplied over quantity demanded. 9 In the long run, a higher saving rate: does not always lead to a higher growth rate of output because of diminishing returns to capital. does not lead to a higher level of income because of deterioration in labor productivity. always leads to a higher growth rate of output because of improvement in the stock of human capital. always leads to a higher level of productivity because of increasing returns to scale. 10 The buyers and sellers in the country of Perylia use corn as a medium of exchange. This means that: corn can be used as a store of value but not as a unit of account in Perylia. Perylia uses fiat money. Perylia uses commodity money. corn cannot be used as a store of value or as a unit of account in Perylia. 11 Suppose the net foreign investment in Italy is positive. This implies that: Italy is experiencing a net capital inflow. foreigners are buying relatively more Italian assets. foreign direct investment in Italy is higher than foreign portfolio investment in the country. Italians are buying more foreign assets than foreigners are buying Italian assets. 12 The exhibit given below shows the short-run aggregate demand and supply curves in an economy, AD1 and AS1, and the long-run aggregate supply curve, LRAS. The economy was initially in equilibrium when there was a decrease in aggregate demand, causing a shift of the aggregate demand curve from AD1 to AD2. Which of the following is true in this case? The economy will move from point D to point A in the short run and then to point C in the long run. The economy will move from point B to point A in the short run and then to point C in the long run. The economy will move from point C to point B in the short run and then eventually to point A. The economy will move from point D to point C in the long run. 13 A difference between commodity money and fiat money is that: fiat money cannot be used as a unit of account. commodity money cannot be used as a unit of account. commodity money is used in a barter economy. fiat money does not have any intrinsic value. 14 As more capital is used in the production process, the amount of other inputs being fixed, the production function becomes: steep because the extra output produced from an additional unit of capital decreases. flat because the extra output produced from an additional unit of capital decreases. flat because the extra output produced from an additional unit of capital increases. steep because the extra output produced from an additional unit of capital increases. 15 Suppose the Fed purchases government bonds through open-market operations. All other things remaining equal, this is likely to: decrease the price level and make domestic goods less expensive relative to foreign goods. decrease the price level and increase the real wealth of consumers. increase the price level and eventually decrease the demand for money as well as goods and services. increase the price level and eventually decrease the interest rate and investment spending. 16 Jack is an out-of-work sculptor. He has been looking for a job for the last two years. Unable to find any, he has given up his job search. Which of the following is true in this case? This is an example of frictional unemployment. He is a discouraged worker and will not be included in the calculation of the unemployment rate. This is an example of structural unemployment. He is a part of the unemployed labor force. 17 The country of Merilya exported goods and services worth$1.2 million and imported goods and services worth $2.7 million. The net exports of the country was _____.$2 million, and it had a trade surplus
−$3.9 million, and it had a trade deficit$3.9 million, and it had a trade surplus
−$1.5 million, and it had a trade deficit 18 If the price level in an economy is 120 and the equilibrium price level is 100, _____. the supply of money is likely to exceed the demand for money the demand for money curve will shift to the left people will want to hold more money than is supplied by the central bank the purchasing power of money will increase 19 A recent survey showed the health benefits of cranberry juice for treating heart and other respiratory disorders. The exhibit below shows that the initial demand curve for cranberry juice is D1. Which of the following is likely to be a consequence of the publication of the survey? The demand curve will shift from D1 to D2. There will be a movement from point A to point C on D1. The demand curve will shift from D1 to D3. There will be a movement from point A to point B on D1. 20 Suppose the central bank of a country undertakes an expansionary monetary policy. Which of the following is most likely to be the effect of such a policy, all other things remaining unchanged? A decrease in the price level that reduces the amount of money that people want to hold and decreases the interest rate. A decrease in the price level that reduces the interest rate and lowers the real value of the domestic currency foreign-exchange market. An increase in the price level that stimulates spending on net exports and increases the demand for money An increase in the price level that reduces the real value of households’ money holdings and stimulates consumer spending 21 The Phillips curve shows: the positive relationship between the price level and aggregate supply. the positive relationship between the interest rate and the supply of money. the negative relationship between inflation and unemployment. the negative relationship between the interest rate and the demand for money. 22 A rise in the price of bacon from$14 per pound to $16 per pound will reduce the purchasing power of the dollar by: 5 pounds of bacon. 0.55 pounds of bacons. 2 pounds of bacon. 0.06 pounds of bacon. 23 There is an increase in human capital when _____. Susie puts in more than 8 hours of work at her workplace every day Sue rents a laser printer to teach her employees how to fix it Shiroh persuades the management of her company to offer more perks to employees Samantha receives training in quality management after joining a new firm 24 Suppose an economy is in long-run equilibrium. An increase in consumption expenditure will: decrease both the price level and real gross domestic product in the long run. increase the price level in the long run but have no effect on real gross domestic product. shift the aggregate demand curve rightward and increase the real output in the long run. shift the short-run aggregate supply curve rightward and increase both the price level and real output in the long run. 25 After retirement, Molly deposits$500,000 in a local bank in Merrina. At an interest rate of 4 percent, she will receive approximately _____ after 3 years.

$662,345$608,326
$562,432$750,000

26 Ruth wants to calculate the present value of a sum of money that she will receive after the demise of her grandparents. To calculate the present value, she should use the:

discounting method.
value-added method.
expenditure method.
compounding method.

27 A higher interest rate in a country:

makes domestic bonds less attractive to foreigners.
lowers saving in the country and decreases the quantity of loanable funds supplied.
discourages investment and decreases the quantity of loanable funds demanded.
encourages citizens to buy foreign assets.

28 Keynesian economists believe that when an economy is in a recession, the government should:

increase its purchases rather than decrease taxes because households save a part of the increase in their income as a result of tax cuts.
increase the money supply in the economy so that interest rates decline, reducing the cost of borrowing to finance new investment projects.
decrease tax rates rather than increase government spending because households always view such tax cuts as permanent and increase their current consumption.
increase the money supply in the economy so that an excess supply of money can induce households to increase their consumption expenditure.

29 The natural rate of unemployment in a country is 4 percent. This implies that:

4 percent of the labor force is unemployed at any given point of time.
the unemployment rate is constant at 4 percent over time.
the country has a 4 percent unemployment rate when the labor market is in equilibrium.
the country has an unemployment rate of 4 percent in the short run.

30 Suppose the net capital outflow from Zenovia is negative. This implies that:

the real interest rate in Zenovia is high.
the citizens of Zenovia are investing more in foreign assets than foreigners are investing in assets in Zenovia.
the real interest rate in foreign countries is higher than in Zenovia.
foreigners are not interested in buying assets in Zenovia

Eco/372 Macroeconomics

Resources: National Bureau of Economic Research; Principles of Macroeconomics: Ch. 1, 2, 3, 4, 5, 6, and 7

Scenario: Your organization’s CEO is concerned that members of the strategic planning committee are not familiar with current economic thought and principles. The CEO has assigned you the task of developing a report to introduce some of these thoughts and principles.

Develop a 1,050-word report to the members of the strategic planning committee explaining the following information:

• How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources.
• Using the circular flow model, explain the flow of money and goods in an economy.
• How the economy coordinates society’s independent economic actors.
• A country’s gross domestic product (GDP) and how it is defined and calculated.
• How the consumer price index (CPI) is constructed and why it is an imperfect measurement of the cost of living.

Format the assignment consistent with APA guidelines.

Phoenix Eco/365 Ten Principles Of Economics And How Markets Work

Purpose of Assignment

In Week 1, students are introduced to the ten fundamental principles  on which the study of economics is based. Throughout this course, the  students will use these ten principles to better develop their  understanding of economics and how society manages its scarce resources.  Students will see how markets work using supply and demand for a good  to determine both the quantity produced and the price at which the good  sells. The concepts of equilibrium and elasticity are used to explain  the sensitivity of quantity supplied and quantity demanded to changes in  economic variables. Students will see how government policies impact  prices and quantities in markets.

Assignment Steps

Resources: Principles of Microeconomics, Ch. 1, 2, 3, 4, and 6.

Prepare an 875-word research paper as part of a  marketing research committee for your organization about current  microeconomic thought and theory.

Identify the fundamental lessons the Ten Principles of Economics teaches regarding:

• How people make decisions
• How people interact
• How the economy works as a whole

Explain the following to help the committee members understand how markets work:

• How society manages its scarce resources and benefits from economic interdependence.
• Why the demand curve slopes downward and the supply curve slopes upward.

o    Where the point of equilibrium is and what does it determine?

• The impact of price controls, taxes, and elasticity on changes in supply, demand and equilibrium prices.

Format consistent with APA guidelines.

Assumptions of ordinary least square

Describe the major assumptions of ordinary least squares and define the  error term

The necessary OLS assumptions, which are used to derive the OLS estimators in linear regression models, are discussed below. OLS Assumption 1: The linear regression model is “linear in parameters.” When the dependent variable (Y)(Y)(Y) is a linear function of independent variables (X′s)(X’s)(X′s) and the error term, the regression is linear in parameters and not necessarily linear in X′sX’sX′s. For example, consider the following: A1. The linear regression model is “linear in parameters.” A2. There is a random sampling of observations. A3. The conditional mean should be zero. A4. There is no multi-collinearity (or perfect collinearity). A5. Spherical errors: There is homoscedasticity and no autocorrelation A6: Optional Assumption: Error terms should be normally distributed. a)Y=β0+β1X1+β2X2+εa)\quad Y={ \beta }_{ 0 }+{ \beta }_{ 1 }{ X }_{ 1 }+{ \beta }_{ 2 }{ X }_{ 2 }+\varepsilona)Y=β0​+β1​X1​+β2​X2​+ε b)Y=β0+β1X12+β2X2+εb)\quad Y={ \beta }_{ 0 }+{ \beta }_{ 1 }{ X }_{ { 1 }^{ 2 } }+{ \beta }_{ 2 }{ X }_{ 2 }+\varepsilonb)Y=β0​+β1​X12​+β2​X2​+ε c)Y=β0+β12X1+β2X2+εc)\quad Y={ \beta }_{ 0 }+{ \beta }_{ { 1 }^{ 2 } }{ X }_{ 1 }+{ \beta }_{ 2 }{ X }_{ 2 }+\varepsilonc)Y=β0​+β12​X1​+β2​X2​+ε In the above three examples, for a) and b) OLS assumption 1 is satisfied. For c) OLS assumption 1 is not satisfied because it is not linear in parameter β1{ \beta }_{ 1 }β1​. OLS Assumption 2: There is a random sampling of observations This assumption of OLS regression …

Difference between Economic growth and Economic Development

Cleary Distinguish between economic development and economic growth

The theory of comparative advantage

Cleary describe the benefits of this theory to a nation’s economy

ACC 291 Week 5 Practice: Connect Practice Assignment

ACC 291 Week 5 Practice: Connect Practice Assignment

attempt 1

1

Healthy Eating Foods Company is a distributor of nutritious snack foods such as granola bars. On December 31, 2019, the firm’s general ledger contained the accounts and balances that follow.

Required:

Record adjusting entries in the general journal as of December 31, 2019.
Record closing entries in the general journal as of December 31, 2019.
Record reversing entries in the general journal as of January 1, 2020.
Analyze:

Assuming that the firm did not record a reversing entry for salaries payable, what entry is required when salaries of $6,000 are paid on January 3? 2 Good to Go Auto Products distributes automobile parts to service stations and repair shops. The adjusted trial balance data that follows is from the firm’s worksheet for the year ended December 31, 2019 Accounts Debit Credit Cash$    99,000
Petty Cash Fund         600
Notes Receivable, due 2020         15,000
Accounts Receivable         140,200
Allowance for Doubtful Accounts                   $3,800 Interest Receivable 150 Merchandise Inventory 128,500 Warehouse Supplies 3,300 Office Supplies 700 Prepaid Insurance 4,640 Land 16,000 Building 107,000 Accumulated Depreciation—Building 16,700 Warehouse Equipment 19,800 Accumulated Depreciation—Warehouse Equipment 9,500 Office Equipment 9,400 Accumulated Depreciation—Office Equipment 3,900 Notes Payable, due 2020 15,000 Accounts Payable 56,900 Interest Payable 400 Loans Payable—Long-Term 17,000 Mortgage Payable 20,000 Colin O’Brien, Capital (Jan. 1) 326,870 Colin O’Brien, Drawing 70,650 Income Summary 131,400 128,500 Sales 1,110,300 Sales Returns and Allowances 8,400 Interest Income 580 Purchases 463,000 Freight In 9,800 Purchases Returns and Allowances 13,650 Purchases Discounts 9,240 Warehouse Wages Expense 108,600 Warehouse Supplies Expense 5,800 Depreciation Expense—Warehouse Equipment 3,400 Salaries Expense—Sales 151,700 Travel Expense 24,000 Delivery Expense 37,425 Salaries Expense—Office 85,000 Office Supplies Expense 1,220 Insurance Expense 9,875 Utilities Expense 8,000 Telephone Expense 3,280 Payroll Taxes Expense 31,600 Building Repairs Expense 3,700 Property Taxes Expense 16,400 Uncollectible Accounts Expense 3,580 Depreciation Expense—Building 5,600 Depreciation Expense—Office Equipment 1,620 Interest Expense 4,000 Totals$    1,732,340         $1,732,340 Required: Prepare a classified income statement for the year ended December 31, 2019. The expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses. Prepare a statement of owner’s equity for the year ended December 31, 2019. No additional investments were made during the period. Prepare a classified balance sheet as of December 31, 2019. The mortgage payable extends for more than one year. Analyze: What percentage of total operating expenses is attributable to warehouse expenses? 3 Superior Hardwood Company distributes hardwood products to small furniture manufacturers. The adjusted trial balance data given below is from the firm’s worksheet for the year ended December 31, 2019. ACCOUNTS Debit Credit Cash$    34,100
Petty Cash Fund         500
Notes Receivable, due 2020         11,800
Accounts Receivable         86,000
Allowance for Doubtful Accounts                   $6,000 Merchandise Inventory 234,000 Warehouse Supplies 2,860 Office Supplies 1,420 Prepaid Insurance 10,200 Land 46,000 Building 178,000 Accumulated Depreciation—Building 54,000 Warehouse Equipment 37,000 Accumulated Depreciation—Warehouse Equipment 17,400 Delivery Equipment 51,000 Accumulated Depreciation—Delivery Equipment 19,600 Office Equipment 25,000 Accumulated Depreciation—Office Equipment 12,000 Notes Payable, due 2020 20,200 Accounts Payable 49,000 Interest Payable 580 Mortgage Payable 61,000 Loans Payable, Long-term 17,000 Charles Ronie, Capital (Jan. 1) 452,460 Charles Ronie, Drawing 127,000 Income Summary 244,000 234,000 Sales 1,685,000 Sales Returns and Allowances 18,200 Interest Income 1,580 Purchases 767,000 Freight In 13,800 Purchases Returns and Allowances 8,440 Purchases Discounts 11,160 Warehouse Wages Expense 199,600 Warehouse Supplies Expense 7,100 Depreciation Expense—Warehouse Equipment 5,800 Salaries Expense—Sales 269,200 Travel and Entertainment Expense 21,500 Delivery Wages Expense 60,330 Depreciation Expense—Delivery Equipment 9,800 Salaries Expense—Office 70,600 Office Supplies Expense 4,000 Insurance Expense 6,200 Utilities Expense 9,290 Telephone Expense 6,520 Payroll Taxes Expense 59,000 Property Taxes Expense 5,600 Uncollectible Accounts Expense 5,800 Depreciation Expense—Building 9,000 Depreciation Expense—Office Equipment 4,000 Interest Expense 8,200 Totals$    2,649,420         $2,649,420 Required: Prepare a classified income statement for the year ended December 31, 2019. The expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses. Prepare a statement of owner’s equity for the year ended December 31, 2019. No additional investments were made during the period. Prepare a classified balance sheet as of December 31, 2019. The mortgage payable extends for more than a year. Analyze: What is the current ratio for this business? 4 The data below concerns adjustments to be made at Coffee Bean Importers. Adjustments On November 1, 2019, the firm signed a lease for a warehouse and paid rent of$21,000 in advance for a six-month period.
On December 31, 2019, an inventory of supplies showed that items costing $1,940 were on hand. The balance of the Suppliesaccount was$11,880.
A depreciation schedule for the firm’s equipment shows that a total of $10,750 should be charged off as depreciation in 2019. On December 31, 2019, the firm owed salaries of$6,100 that will not be paid until January 2020.
On December 31, 2019, the firm owed the employer’s social security (6.2 percent) and Medicare (1.45 percent) taxes on all accrued salaries.
On October 1, 2019, the firm received a five-month, 8 percent note for $6,500 from a customer with an overdue balance. Required: Record the adjusting entries in the general journal as of December 31, 2019. Record reversing entries in the general journal as of January 1, 2020. Analyze: After the adjusting entries have been posted, what is the balance of the Prepaid Rent account on January 1, 2020? 5 The Artisan Wines is a retail store selling vintage wines. On December 31, 2019, the firm’s general ledger contained the accounts and balances below. All account balances are normal. Required: Prepare a classified income statement for the year ended December 31, 2019. The company does not classify its operating expenses as selling expenses and general and administrative expenses. Prepare a statement of owner’s equity for the year ended December 31, 2019. No additional investments were made during the year. Prepare a classified balance sheet as of December 31, 2019. Analyze: What is the inventory turnover for Artisan Wines? Explanation Analyze: The inventory turnover for Artisan Wines is 6.59 times, calculated as follows: Cost of good sold = 92,225 = 6.59 Average inventory 14,000 Average inventory = 13,000 + 15,000 = 14,000 2 attempt 2 1 The data below concerns adjustments to be made at Coffee Bean Importers. Adjustments On November 1, 2019, the firm signed a lease for a warehouse and paid rent of$21,000 in advance for a six-month period.
On December 31, 2019, an inventory of supplies showed that items costing $1,940 were on hand. The balance of the Suppliesaccount was$11,880.
A depreciation schedule for the firm’s equipment shows that a total of $10,750 should be charged off as depreciation in 2019. On December 31, 2019, the firm owed salaries of$6,100 that will not be paid until January 2020.
On December 31, 2019, the firm owed the employer’s social security (6.2 percent) and Medicare (1.45 percent) taxes on all accrued salaries.
On October 1, 2019, the firm received a five-month, 8 percent note for $6,500 from a customer with an overdue balance. Required: Record the adjusting entries in the general journal as of December 31, 2019. Record reversing entries in the general journal as of January 1, 2020. Analyze: After the adjusting entries have been posted, what is the balance of the Prepaid Rent account on January 1, 2020? 2 The Artisan Wines is a retail store selling vintage wines. On December 31, 2019, the firm’s general ledger contained the accounts and balances below. All account balances are normal. Required: Prepare a classified income statement for the year ended December 31, 2019. The company does not classify its operating expenses as selling expenses and general and administrative expenses. Prepare a statement of owner’s equity for the year ended December 31, 2019. No additional investments were made during the year. Prepare a classified balance sheet as of December 31, 2019. Analyze: What is the inventory turnover for Artisan Wines? 3 Healthy Eating Foods Company is a distributor of nutritious snack foods such as granola bars. On December 31, 2019, the firm’s general ledger contained the accounts and balances that follow. Required: Record adjusting entries in the general journal as of December 31, 2019. Record closing entries in the general journal as of December 31, 2019. Record reversing entries in the general journal as of January 1, 2020. Analyze: Assuming that the firm did not record a reversing entry for salaries payable, what entry is required when salaries of$6,000 are paid on January 3?

4

Good to Go Auto Products distributes automobile parts to service stations and repair shops. The adjusted trial balance data that follows is from the firm’s worksheet for the year ended December 31, 2019

Accounts    Debit    Credit
Cash    $99,000 Petty Cash Fund 600 Notes Receivable, due 2020 15,000 Accounts Receivable 140,200 Allowance for Doubtful Accounts$    3,800
Interest Receivable         150
Merchandise Inventory         128,500
Warehouse Supplies         3,300
Office Supplies         700
Prepaid Insurance         4,640
Land         16,000
Building         107,000
Accumulated Depreciation—Building                        16,700
Warehouse Equipment         19,800
Accumulated Depreciation—Warehouse Equipment                        9,500
Office Equipment         9,400
Accumulated Depreciation—Office Equipment                        3,900
Notes Payable, due 2020                        15,000
Accounts Payable                        56,900
Interest Payable                        400
Loans Payable—Long-Term                        17,000
Mortgage Payable                        20,000
Colin O’Brien, Capital (Jan. 1)                        326,870
Colin O’Brien, Drawing         70,650
Income Summary         131,400              128,500
Sales                        1,110,300
Sales Returns and Allowances         8,400
Interest Income                        580
Purchases         463,000
Freight In         9,800
Purchases Returns and Allowances                        13,650
Purchases Discounts                        9,240
Warehouse Wages Expense         108,600
Warehouse Supplies Expense         5,800
Depreciation Expense—Warehouse Equipment         3,400
Salaries Expense—Sales         151,700
Travel Expense         24,000
Delivery Expense         37,425
Salaries Expense—Office         85,000
Office Supplies Expense         1,220
Insurance Expense         9,875
Utilities Expense         8,000
Telephone Expense         3,280
Payroll Taxes Expense         31,600
Building Repairs Expense         3,700
Property Taxes Expense         16,400
Uncollectible Accounts Expense         3,580
Depreciation Expense—Building         5,600
Depreciation Expense—Office Equipment         1,620
Interest Expense         4,000
Totals    $1,732,340$    1,732,340
Required:

Prepare a classified income statement for the year ended December 31, 2019. The expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses.
Prepare a statement of owner’s equity for the year ended December 31, 2019. No additional investments were made during the period.
Prepare a classified balance sheet as of December 31, 2019. The mortgage payable extends for more than one year.
Analyze:

What percentage of total operating expenses is attributable to warehouse expenses?

5

Superior Hardwood Company distributes hardwood products to small furniture manufacturers. The adjusted trial balance data given below is from the firm’s worksheet for the year ended December 31, 2019.

ACCOUNTS    Debit    Credit
Cash    $34,100 Petty Cash Fund 500 Notes Receivable, due 2020 11,800 Accounts Receivable 86,000 Allowance for Doubtful Accounts$    6,000
Merchandise Inventory         234,000
Warehouse Supplies         2,860
Office Supplies         1,420
Prepaid Insurance         10,200
Land         46,000
Building         178,000
Accumulated Depreciation—Building                        54,000
Warehouse Equipment         37,000
Accumulated Depreciation—Warehouse Equipment                        17,400
Delivery Equipment         51,000
Accumulated Depreciation—Delivery Equipment                        19,600
Office Equipment         25,000
Accumulated Depreciation—Office Equipment                        12,000
Notes Payable, due 2020                        20,200
Accounts Payable                        49,000
Interest Payable                        580
Mortgage Payable                        61,000
Loans Payable, Long-term                        17,000
Charles Ronie, Capital (Jan. 1)                        452,460
Charles Ronie, Drawing         127,000
Income Summary         244,000              234,000
Sales                        1,685,000
Sales Returns and Allowances         18,200
Interest Income                        1,580
Purchases         767,000
Freight In         13,800
Purchases Returns and Allowances                        8,440
Purchases Discounts                        11,160
Warehouse Wages Expense         199,600
Warehouse Supplies Expense         7,100
Depreciation Expense—Warehouse Equipment         5,800
Salaries Expense—Sales         269,200
Travel and Entertainment Expense         21,500
Delivery Wages Expense         60,330
Depreciation Expense—Delivery Equipment         9,800
Salaries Expense—Office         70,600
Office Supplies Expense         4,000
Insurance Expense         6,200
Utilities Expense         9,290
Telephone Expense         6,520
Payroll Taxes Expense         59,000
Property Taxes Expense         5,600
Uncollectible Accounts Expense         5,800
Depreciation Expense—Building         9,000
Depreciation Expense—Office Equipment         4,000
Interest Expense         8,200
Totals    $2,649,420$    2,649,420
Required:

Prepare a classified income statement for the year ended December 31, 2019. The expense accounts represent warehouse expenses, selling expenses, and general and administrative expenses.
Prepare a statement of owner’s equity for the year ended December 31, 2019. No additional investments were made during the period.
Prepare a classified balance sheet as of December 31, 2019. The mortgage payable extends for more than a year.
Analyze:

What is the current ratio for this business?

SCI 256 Select an ecosystem

SCI 256 Select an ecosystem in your area (forest, lake, desert, grassland).

Write a 600- to 1000-word paper explaining the following:

1)   Describe the structure of your ecosystem including important abiotic features and dominant plant and animal species.
2)   Explain some functions/processes of your ecosystem including one nutrient cycle and one food chain.
3)  Give two examples of species interactions (predation, competition, mutualism, etc.) that occur in your ecosystem.
4)  Identify an invasive species in your ecosystem. Explain its effects on the ecosystem and efforts to control or eradicate it.

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