PROBLEMS 1. Mississippi Mud Pies‚ Inc. needs to buy 1‚000‚000 Swiss francs (CHF) to pay its Swiss chocolate supplier. Its banker quotes bid–ask rates of CHF1.3990–1.4000/USD. What will be the dollar cost of the CHF1‚000‚000? Answer: The bank’s bid rate is CHF1.3990/$. That is the price at which the bank is willing to buy $1 in return for CHF1.3990. The bank sells dollars at its ask price CHF1.4000/$. Mississippi Mud Pies must sell dollars to the bank to buy CHF. Therefore Mississippi Mud Pies
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Part 2 – Public Expenditure: Public Goods and Externalities Chapter 4 – Public Goods 1. a. Wilderness area is an impure public good – at some point‚ consumption becomes nonrival; it is‚ however‚ nonexcludable. b. Satellite television is nonrival in consumption‚ although it is excludable; therefore it is an impure public good. c. Medical school education is a private good. d. Television signals are nonrival in consumption and not excludable (when broadcast over the air). Therefore‚ they
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Uneven Roads Chapter 8 opens up with how difficult it would be to see a racial or ethnic group make any type of progress without identifying themselves as a group and aligning themselves together in order to achieve their shared interests. In other words‚ people gravitate towards certain group identities based on their race‚ ethnicity or gender. A very interesting point highlighted in the book and provided by political psychologists and sociologists‚ Henri Tajfel‚ John Turner‚ and Michael Hogg is
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1. Problem 1-8 Golf Specialties Company Name: Golf Specialties Products: Head covers‚ embroidered golf towels‚ umbrellas Popular Product: Head cover in the shape of a tiger Main Market: European countries Current Production Details: |Item |Tiger Head | |Per week Production |500 | |Unit Cost (variable + fixed cost)
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Chapter 6‚ Problem 1 1. Assume Yn =11‚600‚ t=0.2 and G=2610 (a) Compute the amount of taxes at natural real GDP The amount of taxes at the natural real GDP is .2 x 11600=2320 (b) Explain why there is a natural employment deficit. Compute the amount of the natural employment deficit in terms of both billions of dollars and as a percent of natural real GDP. Because based on the information in the question and answer to part A: 2320‚ we see that taxes(money coming in) is less than government
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Wael H. Brome 201403364 Assignment Chapter 8 Exercise 8.7 a) Weighted average cost $79.60 (20 units @ $3.98). (Weighted average cost = $438/110 units = $3.98) b) FIFO‚ $99.00 (19 units @ $5.00 + 1 unit @ $4.00). c) Only the FIFO method results in the same ending inventory valuation in both periodic and perpetual costing environments. Under the weighted average cost method‚ periodic and perpetual systems usually result in different valuations due to the timing of inventory purchases and sales. Under
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The Shallows Chapters 7 & 8 In chapters seven and eight of the book The Shallows: What The Internet Is Doing To Our Brains Nicholas Carr discusses the effects the internet has on our brain‚ and the changes it causes not only in our mind but also in our daily lives. It is becoming apparent with every click of the mouse that the internet is not only changing our minds‚ it’s changing our whole lives and society. Carr seems to have one main purpose in chapter seven‚ to drive home his point
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Linux Fedora 15 Chapter 7 1. The shell waits for the command to finish executing. You can send the command to the background by using "&". 2. cat list | sort | lpr 3. A PID number is an identification number assigned to a command running in the background‚ which can be used to differentiate between commands. The PS (process status) utility. 4. $ ls section* $ ls section[1-3] $ ls i* $ ls*[13] 5. fgrep -i ’a’ | wc -l fgrep ’a’ find lines containing "a"; the -i option tells it to ignore
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Chapter One LG1 - Define finance and the managerial finance function. Finance is the science and art of managing money. Managerial finance: Raise money‚ invest money‚ and distribute money. LG2 - Describe the legal forms of business organization. A sole proprietorship is a business owned by one person and operated for his or her own profit. (73%) A partnership is business owned by two or more people and operated for profit. (7%) A corporation is an entity created by law. Corporations have
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Chapter 7 * Encoding-entering/getting information into your memory; forming a memory code * Storage- saving information into your memory over time * Retrieval- being able to recall information from memory * Tip- of-the-tongue phenomenon- when you know certain information but have difficulty being able to recall it. * Attention- focusing your awareness to certain thing * Structural encoding- emphasizes the physical structures of a stimulus * Phonemic encoding- emphasizes
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