3) Explain carefully the Keynesian theory of money demand. Then discuss the critiques made by Friedman to the Keynesian theory of money demand. 4) Derive carefully the IS curve and discuss the determinants of its slope and its position.
3 Give an example of a positive and negative externality and what regulations the government would use to correct the negative externality?
3. Examine the proof of Bessel’s inequality and show that equality holds if the Fourier series of ϕ converges to ϕ uniformly. This is known as Parseval’s equality. Apply Par- seval’s equality to the Fourier series in Example 6.4.3 to derive the summation identity
∞
1 π4
n=1
n4 = 90 .
3 Despite finding that the boy was partly responsible for his own injuries the primary judge decided the driver should bear total responsibility (blame). What reason did the primary judge give for coming to this conclusion? [3 marks]
4 In the appeal the Court did not consider whether the actions of either the driver orthe boy had broken any statutory rule of the road. Explain why the question of whether any road rule had been broken was not relevant to the legal issue the Court of Appeal was deciding. [2 marks]
5 The Court of Appeal took a different view from that of the primary judge (as described in question 3) and said the boy must bear at least some blame. On the basis of what facts did the Court of Appeal come to this conclusion? [2 marks]
3.Evaluate the profitability of the project whith the NPV ,IRR, simple payback period ,and discounted payback period methods.Is the project acceptable? Briefly explain. Why is the NPV method superior to the other methods of capital budgeting? Briefly explain.
3. Definitions of manufacturing conceptsInterstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended:Materials and supplies usedBrass $75,000Repair parts 16,000Machine lubricants 9,000Wages and salaries Machine operators 128,000Production supervisors 64,000Maintenance personnel 41,000Other factory overhead Variable 35,000Fixed 46,000Sales commissions 20,000Compute:a. Total direct materials consumedb. Total direct laborc. Total prime costd. Total conversion cost
3. Suppose that f : [0, ∞) → C is continuous, piecewise continuously differentiable, and of exponential order α ∈ R. Show that the Laplace transform of ft exists on Hα and is
given by
3. Consider the Aggregate Demand-Aggregate Supply framework. Suppose government spending is increased when we are not in a liquidity trap, output is at the natural rate of output, and the Fed does not target the interest rate. You can assume for simplicity expected inflation is always zero. Show what happens over time to output, the price level, and the interest rate. In the long run, what happens to investment given this expansionary fiscal policy.
3. Using the IS-LM graphs, show that a decrease in government spending will cause output and interest rates to fall. 4. Using the IS-LM graphs, show what will happen to output and the interest rates if there is a balanced budget increase in spending—that is higher spending financed by higher taxes. 5. Using IS-LM graphs, predict what will happen to output and the interest rate if the central bank reduces the money supply.
3. Use an appropriate costing technique to recommend whether Valex should offer a 10% discount to JS Stores to secure the tender. Your answer should explain the rationale behind your recommendation and discuss at least THREE other factors which the Board should take into account in its final appraisal of the situation. (12 marks) 4. Critically evaluate Inpharm’s trading results and cash flows in 2013 against its budget for 2013, using your interpretation of the variances as well as other information supplied in the case study to comment on any vulnerabilities in Inpharm’s profit and cash forecasts for 2014-2018. (18 marks) 5. Recommend whether Valex should participate in the JV with Inpharm, or seek to buy Inpharm, or walk away from both opportunities. You should refer to the results of the investment appraisal for each opportunity and discuss at least FOUR factors (financial or non-financial) which the Board should take into consideration in relation to the option that you recommend. (18 marks) 6. Demonstrate the impact of raising equity to fund the option you recommended in Question 5, describing TWO aspects of equity investment that might prove challenging for the company, and supporting your answer with calculations of Valex’s liquidity, capital structure and financial risk under your chosen funding scenario. (10 marks) Total marks 100 marks Document Preview:
MSc Management with Streams Accounting and Decision Making Summative Assignment Deadline for submission: 4pm on 19 August 2014 Submission via Turnitin Follow instructions given overleaf Created with an evaluation copy of Aspose.Words. To discover the full versions of our APIs please visit: https://products.aspose.com/words/ PAGE Created with an evaluation copy of Aspose.Words. To discover the full versions of our APIs please visit: https://products.aspose.com/words/ PLEASE READ CAREFULLY: INSTRUCTIONS TO STUDENTS Your assignment must be submitted via Turnitin A Student Training video on how to use Turnitin may be found at the following URL: HYPERLINK “http://turnitin.com/en_us/training/student-training/submitting-a-paper” http://turnitin.com/en_us/training/student-training/submitting-a-paper Please ensure your submission is in Microsoft Word and not pdf. It must be -submitted in one document, not multiple documents. You must confirm that you have read and fully understood the rules governing plagiarism when you formally submit this piece of work for marking. Please refer to the General Academic Regulations and Manual of Policies and Procedures which are available on Blackboard within Regulatory Framework of the ‘Academic Registry’ tab. You must remember to include the declaration form which acts as your signed declaration. Here you are reminded that you must not write your name anywhere on your submission. Once loaded to this Turnitin site, you are not permitted to amend your submission. You have one option to submit so please be 100% sure in your mind that what you submit to Turnitin is what you intend to submit. It remains your responsibility to ensure you submit a cohesive piece of work which adheres to all the rules and regulations as outlined by BPP. CASE STUDY INFORMATION Valex Limited Market background Sports nutrition is the scientific analysis of fluid and food consumed by an athlete. It is an important part of many…
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