(6 marks) 1 City University London Intermediate Macroeconomics 1 Joe Pearlman c) Sketch the Laffer curve for values of t from 0 to 1. (4 marks) d) If G=1/6, find the two values of l and t that satisfy this requirement. (4 marks) Question 3: (a) Download the US index of industrial production (IIP) on a monthly basis from http://research.stlouisfed.org/fred2/series/INDPRO/downloaddata?cid=3 and US M2 from http://research.stlouisfed.org/fred2/series/M2/downloaddata?cid=29 (b) Calculate the % year-to-year growth rates in each series, and graph them using a time series plot and a scatter plot (4 marks) (c) Are they positively
Answers for Stochastic Calculus for Finance I; Steven Shreve VJul 15 2009 Marco Cabral mapcabral@ufrj.br Department of Mathematics Federal University of Rio de Janeiro July 25, 2009 Chapter 1 −→ 1.1: Since S1 (H) = uS0 , S1 (T ) = dS0 , X1 (H) = ∆0 S0 (u − (1 + r)) and X1 (T ) = ∆0 S0 (d − (1 + r)). Therefore, X1 (H) positive implies X1 (T ) negative and vice-versa. −→ 1.2: Check that X1 (H) = 3∆0 − 3/2Γ0 = −X1 (T ). Therefore if X1 (H) is positive, X1 (T ) is negative and vice-versa. −→ 1.3: By (1.1.6), V0 = S0 .
(Reid & Sanders, 2010) Answer 1: Develop a staffing plan for RWBFC in accordance with the constraints stated in the case. A staffing plan was developed using the constraints specified in the Answer 2: Discuss the method used in developing the staffing plan. Tibrewala, Phillippe, and Brown technique of 1972 was used in developing the staffing plan for RWBFC. The objective of this technique was to enable a company to operate seven days a week and give each of its full-time employees two consecutive days off. However RWBFC manufacturing manager has requested that her employees work 10 hour days, 4 days a week with three consecutive days off.
Lesson 2 (3.0 points) 1.What is a tax? A set percentage that is added to any price by the government. 2.What is the Internal Revenue Service?
The job is at TPC Scottsdale located in Scottsdale, AZ. Some duties include: * Assist players with golfing needs * Answering phones to schedule future tee times * Operate Point of Sale System to collect fees and pay for merchandise * Opening, Closing, and Maintaining golf shop * Inventory The requirements for considerations include: * Must be detail oriented, organized, and have the ability to manage multiple priorities * Excellent customer service skills with a high level of professionalism * Working knowledge of golf course operations and practices * Bachelor's degree preferred * 2-3 years of experience Like I said before this job is more of a career rather than a job; it includes many benefits such as insurance, 401k, and playing privileges. This is a full time job paying $10.00 to $12.00 per hour. Overall these are three quality jobs in the golfing industry. If I had to choose one I would personally prefer the job at TPC to move on in my career, but I lack certain qualifications.
Taxpayer requested a letter ruling on whether or not the discounts received constitute as constructive dividends received. The IRS indeed ruled the discounts received by the taxpayer constituted as constructive dividends under section 316 and the distribution applied to section 301. A constructive dividend is a form of payment made by a corporation to its shareholders that resulted in any measurable economic benefits to the shareholder. It can either be a direct or an indirect form of payment and mostly occurs in closely held corporations. These payments can also be distributed both advertently and inadvertently.
Now, to compute these cash flows, we will to work step-by-step. First, we will determine the Unlevered Net Income for each year. This will be done by calculating the Gross Profit, subtracting the Depreciations and then taking into account the Income Tax. Then, once we will have the Unlevered Net Income for each year, we will compute the Free Cash Flows by adding the Depreciations and subtracting the Capital Expenditures and the Changes in Net Working Capital. After that, we will use a discount factor on these Free Cash Flows in order to find their Present Values.
There are several terms that are important to know about the game of golf. 1. Every golf course consists of 18 holes. 2. At the beginning of each of the 18 holes on the golf course is a tee box, where the golfer places the ball on a tee to drive it.
τ = 34% can be used as a proxy for federal tax rate in the US). • The cost of debt RD should reflect the reality of the company. Each company knows its debt rate premium that they will have to pay for their debt, that is, it knows the spread over the treasury that lenders will require to lend
2. (Not required in 2014) A monopoly has the following demand and cost functions as shown below. Demand: [pic] Cost: [pic] (a) For the demand and total cost given above, calculate total revenue (TR) and marginal revenue (MR). (b) Based on the equations above, determine the short run profit maximising (loss minimising) output, price and total profit or loss for this monopoly. (c) Suppose the government were to impose a price ceiling at the allocative efficient price.