Final Examination #1 Economics 103: PRINCIPLES OF MICROECONOMICS CHAKRABARTI Deadline: June 20, 2012 You must submit your answers by the deadline (above) in PDF as an attachment to an electronic mail addressed to chakra@uwm.edu. Hand-written answers and/or hand-drawn graphs will not be graded. Any answer without clear and precise explanation will not receive any credit. Good Luck! ? Question 1. Libertyville has two optometrists, Dr. Smith (S) and Dr. Jones (S). Each optometrist can choose to advertise his service or not. The net revenue to each optometrist, in thousands of dollars, is listed on the payoff matrix below. Answer questions a through c: a. [10 points] Does Dr. Smith have a dominant strategy? b. [10 points] Does Dr. Jones have a dominant strategy? c. [ 5 points] Does a Nash equilibrium exist for this game? Dr. Smith (S) Advertise Don’t advertise Dr. Jones (J) Advertise S: $383 J: $373 S: $384 J: $413 Don’t advertise S: $423 J: $363 S: $403 J: $393 Question 2. [25 points] Suppose the market for cigarettes is characterized by the following information: Qd = 70 – 5P [Demand] Qs = 3P – 10 [Supply] Suppose the government imposes a sales tax of $2 per unit. Answer questions (i) through (v) below: i) Calculate the magnitude of the consumer surplus and producer surplus in the pre-tax equilibrium. ii) Calculate the tax revenue in the post-tax equilibrium. iii) Calculate the change in consumer surplus due to the sales tax. iv) Calculate the change in producer surplus due to the sales tax. v) Calculate the Dead-Weight-Loss due to the sales tax. [Note: P = price per unit; Qd = millions of units demanded; Qs = millions of units supplied]

PH 253 / LeClair Spring 2013 Problem Set 4: Whither, thou turbid wave? Instructions: 1. Answer all questions below. Show your work for full credit. 2. All problems are due Tues 26 February 2013 by the end of the day. 3. You may collaborate, but everyone must turn in their own work. 1. The wavefunction of a transverse wave on a string is (x, t) = (30.0 cm) cos [(6.28 rad/m) x – (20.0 rad/s) t] (1) Compute the frequency, wavelength, period, amplitude, phase velocity, and direction of motion. 2. What is the uncertainty in the location of a photon of wavelength 300nm if this wavelength is known to an accuracy of one part in a million? 3. Find the potential dierence through which electrons must be accelerated (as in an electron microscope, for example) if we wish to resolve: (a) a virus of diameter 12 nm, (b) an atom of diameter 0.12 nm, (c) a proton of diameter 1.2 fm. Show your work, and do not forget about relativity. 4. In order to study the atomic nucleus, we would like to observe the diraction of particles whose de Broglie wavelength is about the same size as the nuclear diameter, about 14 fm for a heavy nucleus such as lead. What kinetic energy should we use if the diracted particles are (a) electrons? (b) Neutrons? (c) Alpha particles (m=4 u)? 5. The speed of an electron is measured to within an uncertainty of 2.0 104 m/s. What is the size of the smallest region of space in which the electron can be conned? 6. Use the distribution of wave numbers A(K) = Aoe-(k-ko)2=2(k)2 k 2 R (2) and equation 4.23 from your text, viz., y(x) = Z A(k) cos kx dk (3) to obtain equation 4.25 from your text, viz., y(x) = Aokp2e-(kx)2=2 cos kox (4)
7. A particle of mass m is conned to a one-dimensional line of length L. From arguments based on the uncertainty principle, estimate the value of the smallest energy that the body can have. 8. (a) Find the de Broglie wavelength of a nitrogen molecule in air at room temperature (293 K). (b) The density of air at room temperature and…

HOME WORK
7
3. Name two different types of encryption supported by GPG for your key.
4. What happens when you sign and trust a new key to your keychain?
5. If a user sends you his/her public key, will he/she be able to decrypt your encrypted messages once you import and sign his/her key?
6.What are the similarities between an MD5 hash and a fingerprint?
7. How would you encrypt a Web server and the pages it serves up?
8. Why is hashing all database inputs not considered encryption of the database? What value does hashing database entries provide?
9. Where would you remove a user’s certifi cate from being able to access systems on your network?
10. Which connection type is secure and which is cleartext between SSH, Telnet, and FTP?
1
2-What was the allocated source IP host address for the TargetWindows01 server, TargetUbuntu01 server, and the IP default gateway router?
3-Did the targeted IP hosts respond to the ICMP echo-request packet with an ICMP echo-reply packet when you initiated the “ping” command at your DOS prompt? If yes, how many ICMP echo-request packets were sent back to the IP source?
4-If you ping the TargetWindows01 server and the UbuntuTarget01 server, which fields in the ICMP
echo-request/echo-replies vary?
5. What is the command line syntax for running an “Intense Scan” with Zenmap on a target subnet of
172.30.0.0/24?
6. Name at least fi ve different scans that may be performed from the Zenmap GUI. Document under what circumstances you would choose to run those particular scans.
7. How many different tests (i.e., scripts) did your “Intense Scan” defi nition perform? List them all after reviewing the scan report.
8. Describe what each of these tests or scripts performs within the Zenmap GUI (Nmap) scan report.
9. How many total IP hosts (not counting Cisco device interfaces) did Zenmap GUI (Nmap) fi nd on the network?
10. Based on your Nmap scan results and initial reconnaissance and probing, what next steps would you perform on…

Q1
For a distributed system being a multiprocessing, which support concurrency what will happen if it were loosely coupled and if it was loosely coupled what would the system do? What would be the outcome of the network? ( 100-150 words)

Q1
For a distributed system being a multiprocessing, which support concurrency what will happen if it were loosely coupled and if it was loosely coupled what would the system do? What would be the outcome of the network? ( 100-150 words)

Assignment
(7.47) In his management information systems textbook, Professor David Kroenke raises an interesting point: “If 98% of our market has Internet access, do we have a responsibility to provide non-Internet materials to that other 2%? Suppose that 98% of the customers in your market do have Internet access, and you select a random sample of 500 customers. What is the probability that the sample has
Greater than 99% of the customers with internet access?
Between 97% and 99% of the customers with Internet access?
Fewer than 97% of the customers with Internet access?
(8.25) One operation of a mill is to cut pieces of steel into parts that are used in the frame for front seats in an automobile. The steel is cut with a diamond saw, and the resulting parts must be cut to be within+/- 0.005 inch of the length specified by the automobile company. The measurement reported from a sample of 100 steel parts (stored in Steel) is the difference, in inches, between the actual length of the steel part, as measured by a laser measurement device, and the specified length of the steel part. For example, the first observation, -0.002 represents a steel part that is 0.002 inch shorter than the specified length.
Construct a 95% confidence interval estimate for the population mean difference between the actual length of the steel part and the specified length of the steel part.
What assumption must you make about the population distribution in order to construct the confidence interval estimate in (a)?
Do you think that the assumption needed in order to construct the confidence interval estimate in (a) is valid? Explain.
(9.31) One operation of a steel mill is to cut pieces of steel into parts that are used in the frame for front seats in an automobile. The steel is cut with a diamond saw and requires the resulting parts must be cut to be within +/-0.005 inch of the length specified by the automobile company. The file Steel contains a sample of 100 steel…

6.14 Show that for a sample of n = 39, the smallest and largest Z values are – 1.96 and + 1.96, and the middle (i.e., 20th) Z value is 0.00.6.19 The data in the file spending represent the per-capita spending, in thousands of dollars, for each state in 2004. Decide whether the data appear to be approximately normally distributed byA. Comparing data characteristics to theoretical properties.B. Constructing a normal probability plot.7.1. For a population containing N=902 individuals what code number would you assign for(a)The first person on the list?(b) The fortieth person on the list?© The last person on the list?.7.8.Prenumbered sales invoices are kept in a sales journal.The invoices are numbered from 0001 to 5000.(a)beginning in row 16,column 1,and proceeding horizontally in Table E.1,select a sample of 50 invoice numbers.(b)select a systematic sample of 50 invoice numbers.Use the random numbers in row 20,columns 5-7 ,as the starting point for your selection.©Are the invoices selected in (a) the same as those selected in(b)?why or why not?7.21. The diameter of a brand of ping-pong ball is approximately normally distributed, with a mean of 1.30 inches and a standard deviation of 0.04 inch. If you select a random sample of 16 ping-pong balls,(a) What is the sampling distribution of the mean?(b) What is the probability that the sample mean is less than 1.28 inches?©what is the probability that the sample mean is between 1.31 and1.33 inches?(d) The probability is 60% that the sample mean is between will be between what two values, symmetrically distributed around the population mean?7.27. In a random sample of 64 people, 48 are classified as “successful.”(a) Determine the sample proportion, P, of “successful” people.(b)If the population proportion is 0.07, determine the standard error of the proportion. 8.1. If X = 85, mean=8, n=64, construct a 95% confidence interval estimate of the population mean, U.8.2. If X = 125, mean = 24, and n = 36, construct a 99%…

Homework

1. Snow company started business on March 1, 20XX. On the same date, the company paid $12,000 for the next twelve months of business insurance.

On March 31, 20XX, you asked to record the monthly adjusting entry for the insurance company. Prepare the journal entry for this transaction.

Need: Account Title and Debit and Credit amounts

2. Which of the following accounts have a normal Debit balance?

Supplies, Service Revenue, Retained Earning, Salaries Payable, Accumulated Depreciation- Equipment, Unearned Revenue, Cost of Goods Sold, Salaries Expense, Insurance Expense

3. Which of the following accounts have normal Credit balance?

Salaries Expense, Salaries Payable, Accumulated Depreciation, Service Revenue, Cost of Goods Sold, Retained Earnings, Unearned Revenue, Insurance.

4. The following account information is provided for Dark Corp. All adjusting entries have been recorded and the CFO asked you to prepare the adjusted trial balance.

Please provide the totals for the debits column in the box to the right.

Accounts Payable 6,000
Prepaid Insurance 2,000
Supplies Expense 900
Unearned Revenue 5,000
Accounts Receivable 14,000
Service Revenue 50,000
Cash 12,800
Salaries Expense 12,000
Depreciation Expense 1,400
Accumulated Depreciation-Equipment 3,000
Equipment 14,000
Supplies 900
Inventory 15,000
Salaries Payable 1,000
Retained Earnings 27,000
Dividends 13,000
Insurance Expense 1,000
Common Stock 25,000
Cost of Goods Sold 30,000
in the box to the right.

Accounts Payable 6,000
Prepaid Insurance 2,000
Supplies Expense 900
Unearned Revenue 5,000
Accounts Receivable 14,000
Service Revenue 50,000
Cash 12,800
Salaries Expense 12,000
Depreciation Expense 1,400
Accumulated…

Faculty of Business Studies
LB160: Professional Communication Skills for Business Studies
First Semester 2013-2014
Tutor Marked Assignment (TMA)
Academic Year 2013 – 2014
Semester: Spring
Branch: Lebanon
Program: Faculty of Business Studies
Course Title: Professional Communication Skills for Business Studies
Course Code:LB160
Student Name:
Student ID:
Section Number:
Tutor Name:
Total Mark:
Awarded Mark:
Mark details
Allocated Marks
Questions
Q1
Q2
Q3
Q4
Q5
Q6
Total
Weight
10
10
Marks
10
10
20
Allocated Marks
Criteria
Content
Language
Organization
Total
Marks
Q1
Marks
Q2
Student’s Total Mark
20
Notes on plagiarism:
According to the Arab Open University By-laws, “the following acts represent cases of cheating and
Plagiarism:
Verbatim copying of printed material and submitting them as part of TMAs without proper academic acknowledgement and documentation.
Verbatim copying of material from the Internet, including tables and graphics.
Copying other students’ notes or reports.
Using paid or unpaid material prepared for the student by individuals or firms.
Penalties for plagiarism ranges from failure in the TMA to expulsion from the university.
Declaration: I hereby declare that the submitted TMA is my own work and I have not copied any other person’s work or plagiarized in any other form as specified above.
Student Signature
…………………….
Tutor’s Feedback
Tutor Name:
Tutor Signature:
Date returned:
This TMA contains 2 parts. You should answer both parts.
The value of TMA is 20 points.
The mark assigned to each part is 10 points.
PART 1 (10 points)
Answer Notes: Students may begin by creating a grid to identify the SWOT components as Strengths, Weaknesses, Opportunities and Threats and a mind map to construct the analysis text. Then to write an analytical text for the case study, you may refer to Text 4.3 in the Resource Book 1 as an example.
Answer Guide:
B1S4, Act. 4.10- 4.11, pp….

1. Scuba Scouts, Inc a wetsuit merchandise store began March with 50 wetsuits that cost $46 each in inventory. During March, the store made the following purchases:
Date
Units Purchased
Cost Per Unit
Total Cost
2 –Mar
70
$47
$3,290
17-Mar
90
$48
$4,320
20-Mar
40
$48.50
$1,940
Total
200
$9,550
What is Scuba Scouts cost of goods sold under FIFO, assuming the company sold 150 wetsuits during March?
2. Alpine Outfitters is a ski shop that uses the LIFO method of inventory costing. The company began the month of October with no inventory, and made the following purchases during the month:
Date
Units Purchased
Cost Per Units
Total Cost
5-Oct
250
$81
$20,250
10-Oct
300
$80
$24,000
19-Oct
180
$82
$14,760
Total
730
$59,010
The store sold 600 skis during the month. What was its cost of goods sold under the LIFO method?
3. Burn Rubber, Inc a tire store began July with 200 tires that cost $36.00 each in beginning inventory. During the month, the store bought the following:
Date
Units Purchased
Cost Per Unit
Total Cost
10-Jul
175
$37
$6,475
15-Jul
140
$38
$5,320
29-Jul
200
$39
$7,800
Total
515
$19,595
What is the stores ending inventory under FIFO, if the store sold 500 tires during the month?
4. Dublin Dairies is a milk distributor that stores all of its milk in a large tank before it is bottled into individual gallon sized containers. The dairy uses the average cost method to account for inventory. The company began the month of May with 7,000 gallons of milk at an average of $1.95 and made the following purchases from local farmers during the month:
Date
Gallons Purchased
Cost Per Gallons
Total Cost
5-May
9,000
$2.00
$18,000
12-May
12,600
$2.08
$26,208
20-May
11,200
$2.15
$24,080
Total
32,800
$68,288
What is Dublin Dairies cost of goods sold if the company sold 38,000 gallons of milk during the month?
5. Boise Bears is a teddy bear shop in Boise, Idaho. The store began August with 300…

Warsaw Enterprises began the year with a debit balance in accounts receivable of $250,500. During the year, Warsaw sold $345,500 worth of merchandise to customer of which 345,500 was collected by year end. During the year, Warsaw also incurred expenses of $770,000.
What is the balance in Warsaw’s Accounts Receivable at year end?
Maryland Crab Cakes, Co. began 2008 with a debit Balance in Account Receivable of $98,000 and a credit balance in Allowance for Doubtful Account of $2,100. During the year, credit sales were $410,000 and collections from customers were $425,000. In addition, during the year the company wrote off $1,300 of Accounts Receivable from customer Florida Fish House as uncollectible.
Maryland Crab Cakes, Co. uses the allowance to account for bad debt. In 2008, management established that 5% of its year-end Accounts Receivable balance will not be collected.
How much Bad Debt expense will be recorded in 2008?
The Main Map Company began business in 2008 selling hiking maps to camping supply stores in the Northeast. During the year they made sales of $370,000 of which $320,000 was collected by year-end.
The Main Map Company uses the allowance method to account for uncollectible and management believes 6% of the year-end receivable balance won’t be collected.
What is the balance in Allowance for Doubtful Account at year-end?
Delaware Divers in the process of making their monthly adjusting journal entries. Delaware Divers uses the allowance method to calculate bad debts and determine Bad Debt Expense of $1,750 should be recorded for the period.
Prepare the journal entry to recognize bad debt expense for the period.
On February 1, Marino Marine Equipment sold several pieces of inventory to Soberberg Sails for $7000, by Soberberg signing a five-month (12% annual interest rate) note, accrued monthly but all payable on June 30.
Record on Marino’s book the entry on June 30 that recognizes Soderberg’s payment satisfying the note receivable. …

1) A) Why do economists refer to the economy as “fully employed” even when there is measured unemployment as high as 4.5% -5% ? (Hint: begin your answer with a definition of full employment and then compare with the concept of natural rate of unemployment, NAIRU; what is it and why?). How do you relate the most recent unemployment rate (Look for Jan, 2012 data on unemployment rate in www.bls.gov) to your conclusion of this question indicating if the US economy is in a state of full employment? Feb 2012 unemployment data will be announced on March 9th.

B) Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than the “full employment” unemployment rate (NAIRU)? Explain your answer in a few sentences. What state of business cycles (such as recession, trough, recovery or boom) does the current US economy face, and why?

C) Draw an AS/AD diagram illustrating your answer to part (B) That is, draw an AS/AD diagram which shows what happens if strong growth in AD has pushed actual RGDP to a level above potential (full employment) RGDP. Be sure to label all lines and axes in your diagram clearly.

2) A) Suppose Jean Splicer, an investor, buys $100,000 of shares of stock in a diversified bundle of Bio-tech firms and exactly one year later sells those shares for $108,000. If the value of the CPI at the date of Jean’s purchase was 160, and rose by the sale date one year later to 168, what was her real rate of return on this investment?

B) Why is it appropriate to use the CPI instead of the Gross Domestic Product Deflator in calculating the “real” rate of return in this example?

3) A) Suppose that as the economic recovery strengthened consumer expectations of annual inflation increased from 2% to 3.5 % and, at the same time, the expected real rate of return required to equate investor demand to the existing supply of 1 year Treasury notes increased from 1% to 1.5%. What…

ECO1050 – Principles of Economics
Marginal Cost, Revenue, and Pure Competition Assignment Worksheet
Directions
This assignment deals with the recognition and application of pure competition cost and revenue information that is graphically presented. Use the graph below to answer the following questions.
Microeconomic Problem

How do you know that the firm represented in the graph above is a purely competitive firm?

To maximize profits, this firm will produce at what output level (one letter)?

Explain why this MR=MC position is the profit-maximizing position for any firm.

What is the product price (one letter)?

What is this firm’s average revenue (one letter)?

At profit-maximizing output, what is this firm’s average variable cost (one letter)?

At profit-maximizing output, what four letters indicate:
Total revenue? (Remember, four letters—a rectangle.)
Total cost?
Total variable cost?
Total fixed cost?
Total economic profit?

If price falls below what point, this firm will not operate in the short run? (No letter needed, just an explanation.)

What will happen to this firm’s price, output, and economic profit in the long run? Why? 

Where will the price settle in the long run? Remember, all purely competitive firms are theoretically doomed to make only normal profit in the long run. (Again, no letter answer, just an explanation.)

Why is the long-run equilibrium position of a purely competitive firm productively and allocatively efficient?

© Capella University 1

Marginal Cost, Revenue, and Pure Competition Assignment

r, all purely competitive firms are theoretically doomed to make only normal profit in the long run. (Again, no letter answer, just an explanation.)

Why is the long-run equilibrium position of a purely competitive firm productively and allocatively efficient?

© Capella University 1

Marginal Cost, Revenue, and Pure…

500
10000
30

200
3000
40

400
5000
25

8000
3000
0.3
0.06

1800
0.25
0.05

7000
4000
0.4
0.09

4000
0.3
0.06

6000
5000
0.5
0.12

2000
0.35
7.0000000000000007E-2

1
2
3
4

3000
7000
4000
5000

1.1000000000000001
1.1200000000000001
1.1299999999999999

4500
8000
6000
7500

100
120
150
100

3
10
2
8
12

4
6
2
6
9

0.5
2
0.1
1
3

50000
160000
30000

25
5
2
12
1
3500
2100
220
450

55
4
3
14
1.2
5000
3000
350
700

4800
2500
600
520

0.15
100
60

0.17
100
70

0.17499999999999999
100
75

0.11799999999999999
95
20

0.122
92
30

0.12
79
22

0.22
0
50

9.6000000000000002E-2
80
0

0.105
100
10

0.126
0
0

Plastic
Available
Water Wave
Spring Shower
Month
Shipping Capacity
Product
March
April
May
Unit Cost
to Ship
Per Unit
Inventory Cost
Minimum
Requirement
Period
Loan Funds Available
Maximum Investment
Payroll Payment
Investment Income
(% of previous period’s investment)
Requirements
Component
Time
Space
Front
Seat/Frame
Rear wheel (each)
Cost to Manufacture
Cost to Purchase
Toy
Rocking Horse
Scooter
June
July
August
Plastic Available
Time Available
Summer Schedule
Monthly Demand:
Horse
Monthly Demand:
Scooter
Beginning
Inventory Jun 1
Required
Plastic
Required
Time
Production
Cost
Inventory
Cost
Category
Investment
Equities
Unidyne Corp.
Col. Mustard Restaurant
First General REIT
Debt
Metropolitan Electric
Lemonville Transit
Real Estate
Fairview Apartment Partnership
(see above)
Money
T-Bill Account
Money Market Fund
All Saver’s Certificate
Exp. Annual After Tax Return
Liquidity Factor
Risk Factor
Medium
Cost Per Ad
# Reached
Exposure Quality
TV
Radio
Newspaper

Homework
1. Pete’s Parlor started business on January 1, 20XX. On that day the company issued common stock in exchange for $45,000. Prepare the journal entry for this transaction.
2. Pete’s Parlor started business on January 1, 20XX. At the beginning of January, Pete’s paid $3,400 for supplies. Prepare the journal entry for this transaction.
3. Pete’s Parlor started business on January 1, 20XX. During January, Pete’s sold watches costing the company at total of $63,000 to produce. Prepare the journal entry for this transaction.
4. Pete’s Parlor started business on January 1, 20XX. During January, Pete’s customers paid $42,000 for services that will not be performed until February. Prepare the journal entry for this transaction.
5. Pete’s Parlor started business on January 1, 20XX. During January, Pete’s sold watches to customers for $90,000 cash. Prepare the journal entry for this transaction.
6. Pete’s Parlor started business on January 1, 20XX. During January, Pete’s purchased supplies for $5,000. At the end of the month, Pete’s takes inventory and finds the remaining supplies are worth $2,400. Prepare the adjusting journal entry to reflect this information.
7. Pete’s Parlor had a balance of $12,000 in unearned revenue on February 1st. At the end of February, the unearned revenue balance was $5,000. Prepare the adjusting journal entry to reflect this information.
8. Pete’s Parlor started business on January 1, 20XX. At the start of February, Pete’s had salaries payable outstanding of $6,000. On February 4th, Pete’s sent out paychecks to its employees valued at $10,000. Prepare the journal entry for this transaction.
9. Pete’s Parlor started business on January 1, 20XX. During January, Pete’s had earned revenue of $50,000. The customers paid 30 percent cash and the remaining amount on account. Prepare the journal entry for this transaction.
10. Pete’s Parlor started business on January 1, 20XX. During January Pete’s purchased supplies for $6,000….

Revenue and expense data for Mandell Technologies Co. are as follows:http://east.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=assignmentsHide? http://east.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=assignmentsHint(s) a.  Prepare an income statement in comparative form, stating each item for both 2012 and 2011 as a percent of sales. If required, round percentages to one decimal place.MANDELL TECHNOLOGIES CO. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 Amount 2012 Percent 2011 Amount 2011 Percent Sales $800,000 % $740,000 % Cost of Goods Sold 504,000 407,000 $ % $ % Selling expenses $ 120,000 % $ 140,600 % Administrative expenses 128,000 125,800 $ % $ % $ % $ % Income tax Expense 33600 48100 $ % $ % Revenue and expense data for the current calendar year for Shoesmith Electronics Company and for the electronics industry are as follows. The Shoesmith Electronics Company data are expressed in dollars. The electronics industry averages are expressed in percentages. a.  Prepare a common-sized income statement comparing the results of operations for Shoesmith Electronics Company with the industry average. If required, round percentages to one decimal place.SHOESMITH ELECTRONICS COMPANY Common-Sized Income Statement For the Year Ended December 31, 20xx Shoesmith Electronics Company Amount Shoesmith Electronics Company Percent Electronics Industry Average Sales $ 4,200,000 % 105.0 % Sales Returns & Allowances 200,000 5.0 Net sales $ 4,000,000 % % Cost of Goods Sold 2,120,000 59.0 Gross profit $ 1,880,000 % % Selling Expenses $ 1,160,000 % 24.0 % Administrative Expenses 480,000 10.5 Total operating expenses $ 1,640,000 % % Operating income $ 240,000 % % Other Income 84,000 2.1 $ 324,000 % 8.6 % Other Expense 60,000 1.5 Income before income tax $ 264,000 % % Income tax 120,000 6.0 Net income $ 144,000 % %  The following data were taken from the financial statements of Hermes Inc. for December 31,…

Q. 1 Starting with Cobb-Douglas production function, do the following tasks.
Express it in intensive form i.e. convert all variables in per capita form and re-express Cobb-Douglas in intensive form.
Show that marginal product of above function is positive
Show that returns to capital are diminishing.
Show that Cobb-Douglas function in intensive form follow Inada conditions. (20 points)
Q. 2 Show that growth rate of per capita capital, ?k, is negatively related with k. (20 points)
Q. 3 what is convergence, how absolute convergence differs from conditional convergence.
(20 points)
Q. 4 A sweep of economic literature on evidence of convergence in last 40 years for Less developed countries. For last question it is OK if you use some survey papers to know the evidence, but please refrain from using “copy” and “paste” feature, as technological wonders has made this combing very easy and costless. I don’t expect you to know theories in MATHS at this stage but I do expect that you should be able to write me 7 to 10 pages (font size 12, 1.5 line spacing) in plain English. (40 points)
Note: survey paper is a paper which simply collects pieces of work done on specific discipline in given span of time, so essentially it traces the development of the specific course of knowledge. Apparently, it may sound tempting to use survey paper, but let me warn you survey papers are written concisely and succinctly, implicitly they assume reasonable knowledge of reader so that s/he can know the gist without bothering about mathematical c…p. I hope I have obviated it enough. Choice is yours, you may read a book, a survey paper, or go through the bibliography of good and recent article on growth and start downloading the highly cited/path-breaking articles appearing in the bibliography. Sorry for such a long note but it was needed.

Faculty of Business Studies
LB160: Professional Communication Skills for Business Studies
First Semester 2012-2013
Tutor Marked Assignment (TMA)
Academic Year 2012 – 2013
Semester: Fall
Branch:
Program: Faculty of Business Studies
Course Title: Professional Communication Skills for Business Studies
Course Code:LB160
Student Name:
Student ID:
Section Number:
Tutor Name:
Total Mark:
Awarded Mark:
Mark details
Allocated Marks
Questions
Q1
Q2
Q3
Q4
Q5
Q6
Total
Weight
10
10
Marks
10
10
20
Allocated Marks
Criteria
Content
Language
Organization
Total
Marks
Q1
Marks
Q2
Student’s Total Mark
20
Notes on plagiarism:
According to the Arab Open University By-laws, “the following acts represent cases of cheating and
Plagiarism:
Verbatim copying of printed material and submitting them as part of TMAs without proper academic acknowledgement and documentation.
Verbatim copying of material from the Internet, including tables and graphics.
Copying other students’ notes or reports.
Using paid or unpaid material prepared for the student by individuals or firms.
Penalties for plagiarism ranges from failure in the TMA to expulsion from the university.
Declaration: I hereby declare that the submitted TMA is my own work and I have not copied any other person’s work or plagiarized in any other form as specified above.
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This TMA contains 2 parts. You should answer both parts.
The value of TMA is 20 points.
The mark assigned to each part is 10 points.
PART 1 (10 points)
Purpose:
To check the student’s skill in applying SWOT when analyzing a case study (B1S4, pp122).
Learning Outcomes (B1S4, pp.109)
To look at how different framing techniques- including a new one called SWOT- can help in problem identification.
To practice using these techniques in writing your own problem analysis.
Q. In about 300 –…

Assignment 4 – BUEC 333 Due: Monday March 19, 2012 in class. 1. Illustrate how you transform the following model to estimate it through the Generalized Least Squares: yt = 0 + 1xt + ut, ut = ut-4 + t, t N(0, 2) where t is a classical error term, distributed normally with zero mean and 2 variance. 2. Illustrate how you transform the following model to estimate it through the Weighted Least Squares: yt = 0 + 1xt + 2zt + ut, ut N(0, 2z4t )

ECE 355 -Electromechanical Energy Conversion Required Homework 8 -100 points plus optional 25 points Induction Machine Operation 1 For operation with rated L-L voltage of 230 V and rated frequency of 60 Hz, the performance of a particular 10 hp machine at its rated speed and power is: Speed = 1750 rpm I1 = 24.5 A rms Pin = 7.93 Kw T = 40.7 Nm Pout = 7.46 Kw S = 0.0277 Cos ? = 0.811 Pg = 7.67 Kw I22R2 = 212w eff = 94.1 % a) One important parameter change for efficiency improvement is to reduce the value of R2. Determine the new values of the quantities above for a second identical machine except that R2 is 1/2 as large and the machine is operated at 1/2 the slip (so R2/S = constant). This is a “thinking question”, the answers can be obtained with only minimal calculation (many are unchanged)by reasoning guided by the equivalent circuit. Don’t make it hard or long. (30 points) R2new = (1/2) R2 Slip = __0.01385___ Po = ___________ hp Speed = ______ RPM cos ? = _________ I1 = ___________ A Pg = ___________ w Pin = ___________ w I2R2 = _________ w T = ___________ Nm eff = ___________ % b) The equivalent circuit parameters of the above10 hp, 230 V (rms L-L), 60 hz, 4 pole, three phase induction motor are: r1 = 0.140O x1 =0.650O xm = 12.0O r2 = 0.157O x2 = 0.650O Neglect core loss Use the equivalent circuit to find the input current and developed torque at rated voltage and frequency and a slip of S = 0.01385 (1/2 rated slip). As a first approximation I1 and T were shown to be linear functions of slip. Compare your results with 50% of the rated slip values as listed below. (20 points) Equiv Ckt @S= 0.5 SR 50% of Rated Values I1 = _________ A I1 = __12.25__ A T = _________ Nm T = ___20.35__ Nm
ECE 355 -Electromechanical Energy Conversion Required Homework 8 -100 points plus optional 25 points Induction Machine Operation 2 c) Evaluate the motor performance at 15 hz with constant volts/hz and at the same slip frequency as in part a (S = 4 x 0.0277 = 0.1108) neglecting R1)….

1.
Given a risk free rate of 5%, a market return of 15%, and the information for stocks A and B in the following table, determine if stock A and stock B are undervalued or overvalued if they are valued by the security market line.
Stock
Beta
Estimated Return
A
1.3
17%
B
0.9
15%
2.
A stock has an expected ROE of 14% per year, expected earnings per share of $3, and retention ratio of 40%. Its market capitalization rate is 11% per year. What are its expected growth rate, its price, and its P/E ratio?
3.
To estimate the value of a stock, an analyst may use the dividend discount model, multiply the forecast of the stock’s next period earnings per share by the P/E ratio, or estimate the present value of expected future free cash flows. How are the three methods related? Discuss their strengths and weaknesses.
5.
Collect data on the S&P/TSX Composite index for two months on a daily basis. Calculate the five-day moving average for each day, then discuss the trend of the index.
6.
Is an at-the-money call option on a stock more expensive than an at-the-money put option on the same stock with the same maturity and same strike price? Prove your answer.
7.
A three-month European call on a non-dividend-paying stock is currently selling for $1. The strike price of the option is $85. The underlying stock trades for $85. The risk-free interest rate is 6%. Does an arbitrage opportunity exist? If you answered “yes,” explain what type of transaction you should execute to make an arbitrage profit, and show how this profit comes about.
8.
A small, highly leveraged firm has debt with a face value of D that will be expired in six months. If, by then, the firm’s value is higher than D, the firm will pay the debt’s face value to debt holders. If the firm’s value is lower than D, the firm will be in bankruptcy and will be taken over by debt holders.
a. How do you express the firm’s equity position as an option?
b. How do you express the debt holders’ position as an…

Midterm 2 Discrete Mathematics Spring 2012 Directions. Each of the following eight problems is worth a possible 15 points, for a total of 120 points. All answers require justification or explanation. Problem 1. The Drunken Professor has a class of 34 students. He wants to divide them into seventeen pairs of partners for a project. He does so uniformly at random, with every possible division as likely as every other. a) How many different ways are there to divide up the students? (Example to avoid confusion: If there were six students, then the answer would be 15: AB/CD/EF, AB/CE/DF, AB/CF/DE, AC/BD/EF, AC/BE/DF, AC/BF/DE, AD/BC/EF, AD/BE/CF, AD/BF/CE, AE/BC/DF, AE/BD/CF, AE/BF/CD, AF/BC/DE, AF/BD/CE, AF/BE/CD.) b) Two of the students are Alice and Betsy. What is the probability that they will be partners? c) Suppose that the Drunken Professor has two projects (one before the midterm and one after). He divides up the class into pairs for each project, independently. Let X be the number of people who have the same partner for both projects. Compute the expected value of X. Problem 2. I have two ordinary decks of cards (4 suits, 13 denominations, the usual); the two decks have different back designs, so I can easily tell which is which. I shuffle all the cards together and, without looking, take two cards uniformly at random and put them in my pocket. Let E be the event that my two cards came from the same deck, and let F be the event that my two cards are the same suit (whether they came from the same deck or not). a) Compute P(E|F). b) Compute P(F |E). c) Are the events E, F independent? Why or why not? Problem 3. There is a row of n chairs, each containing a student. Let an be the number of ways to reassign seats so that each student either stays in place or moves only one chair to the left or right. For example, if n=3, and the people are ABC in that order, then the legal seat assignments are ABC (we do count the case where no one moves), ACB, and BCA. So a3=3. a)…

Homework

1. Pat Corporation needs to calculate their March 31 cash balance per bank. The following information is available before any adjustments are made.

Balance per books $33,147
Balance per bank $38,637
Monthly interest earned $168
Outstanding checks $4,800

The bank also recoreded $ 522 for the collection of a note and interest on behalf of Pat Corporation.

Calculate the adjusted cash balance per bank.

Adjusted cash balance per bank = $_________________

2. The controller of Kaydie, Inc needs to calculate the month end cash balance. The controller just received the monthly bank statement and has not yet made any adjustments based upon it.

Balance per bank $199,080
Bank service charges $57
Balance per books $183,678
Monthly interest earned $499

Calculate the adjusted cash balance per books.

Adjusted cash balance per book = $ ___________

3. Meggan Corporation needs to calculate their June 30 cash balance per books.
The following information is available before any adjustments were made based on the monthly bank statement.

Deposits in transit $17,308
Balance per books $208,123
Save deposit box fee $60
NSF check $1,500

Calculate the adjusted cash balance per books.

Adjusted cash balance per books =_____________

4. The controller of Tyler, Inc needs to calculate the month end cash balance. The controller just received the monthly bank statement and did not yet make any adjustments based upon it.

Balance per book $7,720
Deposit in transit $1,100
NSF check $710

The bank also recored $265 for the collection of a note and interest on behalf of Tyler, Inc.

Calculate the adjusted cash balance per books.

Adjusted cash balance per book = $__________

re made based on the monthly bank statement.

Deposits in transit $17,308
Balance per books $208,123
Save deposit box fee $60
NSF check $1,500

Calculate the adjusted cash balance per books….

ACCOUNTING 5050NAME _________________________ Your hospital has been approached by a major HMO to perform all their DRG 209 cases (major joint procedures). They have offered a flat price of $10,000 per case. You have reviewed your charges for DRG 209 during the last year and found the following profile: Average Charge$15,000Average LOS 5 DaysCost/ChargeVariable Cost %Routine Charge$3,6000.8060 Operating Room2,6570.8080 Anesthesiology2930.8080 Lab1,0350.7030 Radiology3450.7550 Medical Supplies4,5240.5090 Pharmacy1,2300.5090 Other Ancillary1,3160.8060Total Ancillary$11,4000.75501.In the above data set, assume that the hospital’s cost to charge ratio is 0.80 for routine services and 0.75 for all other ancillary services. Using this information, what would the average cost of DRG 209 be?2.Estimate the variable cost per DRG 209 using the departmental cost/charge ratios and variable cost percentages. You have been asked to establish a pricing structure for radiology on a per-procedure basis. Present budgetary data is presented below:Budgeted Procedures10,000Budgeted Cost$300,000Desired Profit$100,000It is estimated that Medicare patients comprise 40 percent of total radiology volume and will pay on average $38.00 per procedure. Approximately 10 percent of the patients are cost payers. The remaining charge payers are summarized below:PayerVolume %Discount %Blue Cross104Unity PPO2510Kaiser1010Self Pay54050%3.What rate must be set to generate the required $100,000 in profit in the preceding example? 4.If the forecasted volume increased to 12,000 procedures and budgeted costs increased to $340,000, while all other variables remained constant, what price should be established? 5.Palmer Home Health Agency expects to contract with an integrated delivery system for an estimated 36,000 members. The IDS expects 12% of its members to use the home health service in any given month. The budgeted rate per visit is $30. At the end of the first year of the contract the CEO of the…

© 2010 College Board. All rights reserved. Unit 1 • Proof, Parallel and Perpendicular Lines 3 ACTIVITY 1.1 Geometric Figures What’s My Name? SUGGESTED LEARNING STRATEGIES: Think/Pair/Share, Interactive Word Wall, Activating Prior Knowledge, Group Presentation Below are some types of fi gures you have seen in earlier mathematics courses. Describe each fi gure. Using geometric terms and symbols, list as many names as possible for each fi gure. 1. Q 2. 3. X Y Z 4. D E 5. m 6. N ? P K T J 7. D B AC TRY THESE A Identify each geometric fi gure. Th en use symbols to write two diff erent names for each. a. Q P b. N C F G H © 2010 College Board. All rights reserved. 4 SpringBoard® Mathematics with Meaning™ Geometry My Notes ACTIVITY 1.1 continued Geometric Figures What’s My Name? 8. Draw four angles with diff erent characteristics. Describe each angle. Name the angles using numbers and letters. 9. Compare and contrast each pair of angles. a. b. 1 2 D C B A SUGGESTED LEARNING STRATEGIES: Think/Pair/Share, Interactive Word Wall, Activating Prior Knowledge, Discussion Group, Self/Peer Revision When you compare and contrast two fi gures, you describe how they are alike or different. MATH TERMS © 2010 College Board. All rights reserved. Unit 1 • Proof, Parallel and Perpendicular Lines 5 My Notes c. d. 10. a. Th e fi gure below shows two intersecting lines. Name two angles that are supplementary to ?4. b. Explain why the angles you named in part a must have the same measure.F D E 30° T R S 60° F D E 30° Z X Y 150° SUGGESTED LEARNING STRATEGIES: Discussion Group, Peer/Self Revision Geometric Figures What’s My Name? ACTIVITY 1.1 continued 3 4 6 5 © 2010 College Board. All rights reserved. 6 SpringBoard® Mathematics with Meaning™ Geometry My Notes Geometric Figures What’s My Name? ACTIVITY 1.1 continued TRY THESE B Complete the chart by naming all the listed angle types in each fi gure. A B F E C D Acute angles Obtuse angles Angles with the same measure Supplementary angles…

What are some of the benefits of “soft” market research data gathered using techniques such as focus groups and observation? What are the benefits of using “hard” data such as statistics on consumers’ buying habits and figures on market size? When might each kind of data be preferred and why?
The benefits of soft market research data focusing in groups and observation is definitely a great way to collect all information need it to understand the market needs in regards to history and culture. This type of market can be used on the retailer industry. The benefits of hard market data like statistics on consumers, buying habits and figures on markets size, is the correct technique to basically measures objectively the amount of
I NEED AT LEAST 100 MORE WORDS AND SOURCE PAGE
Andre Dupree Week 4, Post 1 “Soft” or “Primary research data” is gathered using techniques such as focus groups, interviews, and product tests. Some of the benefits of “soft” research data are the data can be very focused, all participants interact, and the data can be collected from several groups. Some of the barriers to soft data are high costs, interviews require skill personnel, and participants can give biased answers. “Hard” or “Secondary research data is the process of retrieving information that has already be obtained by companies or external sources”. Companies, retain customers buying habits in order to determine buying habits, tailor products and merchandise selections to satisfy in consumers,and determine which market entry strategies should be utilized.The benefits of hard research data are low costs, data is easy to decipher, and technology can can be used rather than human resources. Soft data is likely to be used when trying to bring something new to the market rather it is a product or service. Hard data, is preferred when a company or industry is looking to enter a market. Wild,Wild,Han”International Business,The challenges of globalization” Upper Saddle River,New Jersey…