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Homework #1

 

Please type your homework, using 12-point font and 1-inch margins. 

 

1.                  What’s in a Name?  (1 point)

Names of both groups of people and their language use evolve over time.  For example, America has seen the following (simplified) evolution of terms:

 

      Colored à  Negro à  Black (à) African American

 

I put the parentheses around the arrow between “Black” and “African American” because I do not believe that there is a completed transition here.  In fact, there is currently some controversy in the Black/African American community as to which term is superior! 

 

The following terms have seen use in an effort to name the language use of many Black Americans: 

 

∙Black English       ∙Black English Vernacular      ·Afro American English

·African American English           ·African American Vernacular English

 

Your job:

 

a)      State which terms you typically use to name the people and the language use.  Briefly explain your preference.

 

b)      Interview a young (under 30) African American.  Ask whether he or she prefers the term “Black” or “African American,” and find out why.  Then show your consultant the list of language names above, and learn which one he or she likes best (and why).  Write up your findings.

 

c)      Same as (b) above, but interview an African American age 50 or older.

 

 

2.                  African Origins of Black English (?)  (1½ points)

 

On pages 6-7 of Talkin and Testifyin, Smitherman points out nine similarities that Black English has with West African languages in general.  She does not, however, give specific examples from any West African languages here.

 

Your job: 

 

pick one of the 19 West African Languages from the map on page 42 of the McWhorter book.  Do a little research and find out whether your selected language actually shows any or all of the nine characteristics that Smitherman points out.  Wikipedia can be a good start, but also feel free to use descriptive grammars from libraries other internet sources, or personal interviews with native speakers.  Just make sure you tell me where your data come from.  You probably won’t be able to find data on all nine factors, but do your best and you will be okay.

 

3.                  Are these Generalizations of Black English Legitimate?  (1 point)

We have seen some generalizations of the sound system of Black English; see pages 17-18 of Smitherman for a list of some of them. 

 

Your job: 

 

Record a television show whose principal cast members are African American.  I recommend either a situation comedy or perhaps a stand-up comedy show.  Watch the videotape (at least 15 minutes’ worth) and see if you can find examples of any of these pronunciation generalizations that we’ve talked about in class and seen in the texts.  Example:

 

Richard (older brother, age 19) says “mo” Instead of “more,” dropping the final r sound.

 

You don’t get to use the same example more than once, so if Richard says “mo” ten times, that only counts as one piece of data.  If a different character says “mo,” though, you can use that.  Try to find at least 7 examples.

 

 

 

 

 

4.                  Syntactic Traits  (1½ points)

 

On page 130 of the McWhorter book, you see a narrative in Black English about a girl named Shirley.  Please read this very carefully (as well as McWhorter’s discussion of it).

 

Your job: 

 

Start from the third paragraph (beginning “When Shirley get home….”), and go through each sentence until the end.  For each sentence, please point out if there are any ways in which the storyteller’s syntax differs from Standard English.  Some sentences may have more than one difference; some sentences may not have any differences.  Be as thorough as you can.  Use technical terminology to the extent that you can, but don’t worry if you need to be a bit informal in some of your descriptions.

 

 

 

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find derivative dydx y34x x2ln x

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Find the derivative dy/dx of: y=(3+4x-x^2)/ln x.

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Can you please make a childrens/shortened version of the silver sword?

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5 page paper 14325215 2

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This paper is to be approximately five (5) pages in length, not including the

 

references. The texts of the paper starts on page one with; a) title of the paper from

 

link attached, Author(s) Name(s), date of publication and b) your name,

 

course name and number, department, university and the due date. The text starts

immediately after. The paper must be in APA format and typed using MS Word

 

 

with a font size of 12 pt (please use spell checker and grammar checker). The link

 

below will direct you to a web site that can help you with APA format.

http://owl.english.purdue.edu/

 

 

3. You are to a minimum of six (6) references. References that are acceptable for

 

citation must be from scientific journals or scholarly texts. Popular press articles

 

are not acceptable for the term papers.

4. While writing your term paper make sure that you address all as of the topic. To

 

 

 

enhance critical thinking, advance reasoning, and writing skills, your arguments

 

must be based on empirical evidence and the scientific literature. Opinions and

 

speculations should be kept to a minimum. Faith based arguments, such as the

 

bible or god, are not acceptable arguments for your term papers.

 

 

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You are working as a key leader in a fairly new, small biotech company that has just landed a major government contract. The contract will necessitate significant growth in the number of employees. This contract requires that a broad range of services are provided to employees, many of which the organization currently lacks in its benefit package. Your task it to design an employee assistance program benefit that can address the emotional, relational, and mental health needs of a diverse employee population (from maintenance workers to PhD/MD-level scientists).

To begin to develop this program, you must first understand and define abnormal behavior versus normal behavior.

  • How would you describe abnormal psychology?
  • How would you define normal and abnormal?
  • How do these terms relate to success in the workplace?
  • Include a brief description of how the different psychological perspectives (i.e., psychoanalytical, medical/biological, behavioral, cognitive, sociocultural, and humanistic perspectives) define normal and abnormal behavior.

Take one side of the debate (affirmative/yes it does or negative/no it does not) about whether normal is a word that applies to humans. You will need to supply both personal and research evidence to support your position.

Include in your paper the following:

  • First, an introduction (1 paragraph) that will summarize what you will cover in the paper.
  • Next, use the questions at the beginning of the assignment as headers for the next 3 sections (1–2 paragraphs each).
  • Then, the following 2–3 paragraphs will include your thesis statement (affirmative or negative) and the evidence that supports your position.
  • Finally, write a conclusion that summarizes what you have said (2–3 paragraphs).

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there are a discussion and an assignment (2 parts) both must have in text citation and reference page apa 6th no plagerism or i will ask for refund also if both arent completed.

 

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assignment 2 market forms 12010493 2

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Assignment 2: Market Forms

For this assignment you will do a significant portion of work in MS Excel and import it into an MS Word document for submission. You will use the data below to address Price and Output decisions faced by firms that are not in pure competition. Some numbers may be rounded.

 

Table 1

 

 

 

 

 

 

 

Output

Average Fixed cost

Average Variable Cost

Average Total Cost

Marginal Cost

 Price

Total Revenue

 Marginal Revenue

0

 

 

 

 

 $ 345.00

 

 

1

 $   180.00

 $ 135.00

 $    315.00

 

 $ 300.00

 

 

2

 $     90.00

 $ 127.50

 $    217.50

 

 $ 249.00

 

 

3

 $     60.00

 $ 120.00

 $    180.00

 

 $ 213.00

 

 

4

 $     45.00

 $ 112.50

 $    157.50

 

 $ 189.00

 

 

5

 $     36.00

 $ 111.00

 $    147.00

 

 $ 165.00

 

 

6

 $     30.00

 $ 112.50

 $    142.50

 

 $ 144.00

 

 

7

 $     25.71

 $ 115.70

 $    141.41

 

 $ 126.00

 

 

8

 $     22.50

 $ 121.90

 $    144.40

 

 $ 111.00

 

 

9

 $     20.00

 $ 130.00

 $    150.00

 

 $   99.00

 

 

10

 $     18.00

 $ 139.50

 $    157.50

 

 $   87.00

 

 

Address the following:

  1. Complete Table-1. Summarize your calculations.
  2. Prepare a graph showing:
    • Average Fixed Costs
    • Average Variable Costs
    • Average Total Costs
    • Marginal Revenue
    • Marginal Costs 
  3. Using the data in the table and on your graph, explain the profit maximizing, or loss minimizing level of output.
  4. Define a normal profit and an economic profit. Are normal profits being earned in this example? Are economic profits present for this firm in this example?  Explain your answers.
  5. Given the data in the table and the graph, what type of market structure could this be in the short run? Explain your answers.
  6. If the data in Table-1 represents the long run, what type of firm must this data represent? Explain your answers.

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1.    (7 marks) You are a bright newanalyst in the risk-management division at RMS, a multinational technology company, and have recently been put in charge of managing the Euro/CAD exchange-rate risk that RMS faces. Consider RMS’s operations in Europe and Canada.

 

 

 

a.    Suppose monthly revenues in Europe average 10 million Euros and monthly production and distribution costs average 8 million Euro. If the resulting profits are repatriated to the production unit in Canada monthly, what risk does this production unit face? How might it hedge this risk?
(2 marks)

 

 

 

b.    RMS’s worldwide retirement benefits unit is located in Canada and has the obligation to pay its retired European employees 20 million Euros monthly. What does this unit face and how could it hedge the risk? (2 marks)

 

 

 

c.     Given the transactions of the production and retirement units as given previously, what do you conclude are the exchange-rate risks faced by RMS as a whole in Europe? Does RMS need to enter into forward contracts? (3 marks)

 

 

 

2.    (10 marks) Suppose the spot exchange rate between U.S. dollar and Canadian dollar is US$1.03/C$. The U.S. dollar risk-free rate is 2% per annum, compounded annually.  The price of a two-year European call option and put option with an exercise price of US$1.05/C$ is US$4.45 and US$4.54, respectively. What is the Canadian dollar risk-free rate?

 

 


3.    (10marks) Two firms have the borrowing rates shown below. 

 

 

 

Firm

Fixed Rate

Floating Rate

AAA

5 yr T-bond + 60 bp

LIBOR

BBB

5 yr T-bond + 75 bp

LIBOR + 30 bp

 

 

 

As the CFO of firm AAA, you always consider an interest rate swap before borrowing money.  Explain how, if at all, a swap with BBB would be advantageous to you if

 

 

 

a.    you wanted to borrow at a fixed rate. (7 marks)

 

 

 

b.    you wanted to borrow at a floating rate. (3 marks)

 

4.    (10 marks) A corporation enters into a $35 million notional principal plain vanilla interest rate swap. The swap calls for the corporation to pay a fixed rate and receive a floating rate of LIBOR. The payments will be made every three months for one year. The term structure of LIBOR when the swap is initiated is as follows:

 

 

 

Months

Rate (%)

3

7.00

6

7.25

9

7.45

12

7.55

 

 

 

Assume all of rates are continuously compounded.

 

 

 

a.    Determine the fixed rate on the swap. (7 marks)

 

 

 

b.    Calculate the first net payment on the swap. (3 marks)

 

 

 

5.    (10 marks) Suppose that the British pound interest rate is 0.65% per annum and Canadian dollar interest rate is 1% per annum for all maturities, annually compounded. The current exchange rate is 1.6033 CAD/£.  Under the terms of a swap agreement, a bank receives 2% per annum in Canadian dollars and pays 3% per annum in British pounds. Payments are exchanged every year, with one exchange having just taken place. The principal amounts are $10 million Canadian dollars and $6 million British pounds. The swap will last two more years.

 

 

 

a.    Determine the cash flows to the bank. (4 marks)

 

 

 

b.    What is the value of the swap to the bank in terms of Canadian dollars?  (6 marks)

 

 

 

6.    (6 marks) PQR Company longs a FRA on 2-month LIBOR with a fixed rate of 5.25 percent and a notional principal of $38 million. If the market LIBOR rate is 6.125 percent at expiration, what would be the payoff of this FRA to PQR?  Assume that there are 30 days in a month.

 

 

 

 

 

 

 

7.    (6 marks) A portfolio consists of 1,000 shares of stock and 500 short calls on that stock.  If the delta for the call is 0.5, what would be the dollar change in the value of the portfolio in response to a one dollar increase in the stock price?

 

           

 

8.    (16 marks) A firm has a portfolio composed of stock A and B with normally distributed returns. Stock A has an annual expected return of 10% and annual volatility of 25%. The firm has a position of $100 million in stock A. Stock B has an annual expected return of 20% and an annual volatility of 20% as well. The firm has a position of $50 million in stock B. The correlation coefficient between the returns of these tow stocks is 0.2.

 

 

 

a.    Compute the 5% annual VAR for the portfolio. (8 marks)

 

 

 

b.    If the firm sells $10 million of stock A and buys $10 million of stock B, by how much does the 5% annual VAR change? (8 marks)

 

 

 

9.    (16 marks) A firm has total assets with a market value of $1,500,000. It has one issue of 1,000 zero coupon bonds outstanding, each with a face value of $1,000 and a maturity of 3 years. The volatility of the assets is 20%, and the risk-free rate is 5%. 

 

 

 

a.    What is the market value of the firm’s equity? (7 marks)

 

 

 

b.    What is the market value of the bonds? (2 marks)

 

 

 

c.     What is the continuously compounded yield on the bonds? (2 marks)

 

 

 

d.    Analyze the credit risk structure for this firm by varying the maturity on the bonds from 3 to 7 years. Discuss this credit risk structure. (5 marks)

 

 

 

10. (9 marks) Given interest rate options with notional principals of $10 million on an underlying 120-day LIBOR.  The options have exercise rates of 6% and will expire in 30 days. 

 

 

 

a.    What is the payoff on the call option if the LIBOR in 30 days is 7%, in 60 days is 8%, and in 90 days is 9%? (3 marks)

 

 

 

b.    What is the payoff on the put option if the LIBOR in 30 days is 3%, in 60 days is 4%, and in 90 days is 5%? (3 marks)

 

 

 

c.     Discuss the difference between the payoff on an FRA and the payoff on an interest rate option. (3 marks)

 

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Finance Homework

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acct 16

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1.       In two to three paragraphs, describe the Sarbanes-Oxley Act and why it is important to the accounting profession.

 

 

 

2.       Name and briefly describe the five components of COSO’s internal control framework.

 

 

 

3.       Describe the relationship between the Sarbanes-Oxley Act and COSO.

 

 

 

4.       Tom Jackson is a CPA who really likes to go to Las Vegas, play poker, and bet on football games. Tom knows that the accounting profession disapproves of gambling, but because he spends a lot of time studying sports facts and how to win at poker, he feels that he is simply making educated decisions based on facts. He says that this is no different from using accounting information to buy stocks. Use the fraud triangle as a basis to comment on Tom’s gambling activities.

 

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