Category: Essays

Summarize the beginning, middle and conclusion of what the article is about, in your own words. Do NOT make any judgments or opinions in your summary. Your summary should include the main points/ideas of the article and it should be written in such a way that when you end your summary, I know the essence (beginning, middle and conclusion) of the article, even if I had not read it.

(TWO-FOUR PARAGRAPHS (ONLY) – NO EXCEPTIONS!

(25 Points)

ANALYSIS /CRITIQUE OF THE ARTICLE

(TWO-THREE PAGES MINIMUM)

(100 Points)

This part of the paper MUST be detailed. Use specific examples (where applicable) to clarify your discussion!

YOU MUST INCLUDE ALL 5 QUESTIONS.

Type (or copy and paste) each question and then answer it.

1. What are the strengths of the article? (10pts)

Discuss the strengths and include 2 (or more) detailed, concrete examples to 4 support your argument(s)

2. What are the weaknesses of the article?

Discuss the weaknesses and include 2 (or more) detailed examples) (10pt)

I will NOT accept that there were no weaknesses. Use your critical thinking skills to analyze two concrete weaknesses of the film (Use examples to support your argument(s).

3. What makes this article sociological? (10pts)

Discuss what you believe makes this article sociological. Include 3 (or more) detailed examples to clarify your arguments.

Use 3 (or more) sociological terms/concepts with examples and definitions to support your arguments) in context to what the article is about.

Do not include the terms/concepts without relating them to the article.

(Underline each of the three sociological terms and definitions).

4. How does the issue/topic impact society? Are there specific groups impacted by this topic more than others?

Discus how this topic impacts society and specific groups within society

(Include 2 or more detailed examples to support your arguments). (10pts)

5. Which sociological perspective(s) would you use to analyze this article?

Structural Functionalist, Conflict, Symbolic Interactionist or a combination

of all three perspectives? (Refer to Ch. 1) (10pts)

In your discussion, use concrete example(s) and explain WHY you saw the article from one, two or all three perspectives. (BE DETAILED by using examples to support and defend your position.

Select and review an episode of a television show or a film depicting a character that represents a psychology professional.

Review the following:

ACA Code of Ethics
Ethical Principles of Psychologists and Code of Conduct: Including 2010 Amendments

Using the readings, analyze the selected episode or film and complete the following:

Describe the character and the character’s role in the television show or film. Cite the source (include the citation of the show or film).
Evaluate the credibility of the character portraying the psychology professional (job title, credentials, level of experience, etc.).
If information on credibility is not clearly provided, identify the character’s role (psychologist, counselor, etc.) and describe the likely level of education, type of licensure, and estimated number of years of experience. Does the character seem well trained, professional, and experienced?
Do you have any concerns regarding the ethical behavior of the character? Be sure to cover the following:
Identify at least one ethical dilemma encountered by the character as well as one example of the character behaving unethically in the episode or film.
Either discuss how the character made the right ethical choice or describe the ethical behavior the character should have demonstrated.
Provide the relevant ethics code or standard in quotation marks from the readings.
How realistically has the show or the character depicted the profession of psychology? Does the show harm the image of psychology or help it? Be specific in your response.
Identify any multicultural issues that arise in the show or film. Does the character demonstrate multicultural competency? In what ways? If not, how does the character demonstrate a lack of sensitivity and what should the character have done instead?
Support your statements with information from academic sources, such as your textbook and assigned readings and articles you find in the Argosy University online library resources.

Submission Details:

Write your initial response in a minimum of 300–400 words. Apply APA standards to cite sources

Due Week 9 and worth 150 points

Using the Internet or Strayer databases, go to the FASB Website, located at http://www.fasb.org, and other resources to research the Disclosure of Postretirement Health Care and Life Insurance Benefits.

Write a four to six (4-6) page paper in which you:

Based on your research, compare and contrast the early historical accounting for Postretirement Health Care and Life Insurance Benefits with the guidance / rules in place today.
Based on your research, make at least two (2) recommended changes to the guidance / rules that you believe would improve the financial accounting and reporting of the benefits in question. Provide support for your recommendation.
Predict the significant manner in which the future of accounting for these benefits could change, based on potential changes in the business and political climate that you foresee. Provide support for your prediction(s).
Create a scenario in which at least two (2) types of Postretirement Health Care and Life Insurance Benefits change. Predict the potential impact of these changes on financial accounting and reporting practices.
Develop an argument that supports your proposed changes in Question 4. Next, create correspondence to your Chief Financial Officer in which you justify your position.
Use at least three (3) quality references. Note: Wikipedia and other Websites do not quality as academic resources.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length

Determine two (2) standardized actions and ethical practices that emergency management practitioners might implement in order to further professionalize the field. Provide a rationale for each action or practice.
Discuss at least two (2) commonly used methods of ensuring accountability in emergency management procedures. Examine the effectiveness of each of these methods toward professional practice. Provide a rationale for your response.
Examine the importance of the three (3) values proposed in the International Association of Emergency Managers (IAEM) Code of Ethics for emergency managers (discussed in Chapter 11 of the text). Provide one (1) example or scenario that shows the importance of each value.
Use at least three (3) quality references. Note: Wikipedia and other related websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow 6th edition APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length

You are a member of the Emergency Response Crisis Management Team for ABC, Financial Inc. and the company has recently consolidated operations to one building from four separate buildings. The new building now houses 2,000 employees.

Your team has been tasked with developing a detailed emergency response plan for the new office building and you are to involve local law enforcement in onsite training and drills.

ABC Financial Inc. has had financial struggles over the last several years and the mortgage business unit may be sold to outside investors. Over 1,000 employees may be affected by the sale of the mortgage business. The Foreclosure Department has 50 employees. Within the Foreclosure Department, there is an individual by the name of John Smith. Smith has been on edge the last few months. He is a loner, does not get along with his peers or supervisor, and his performance is lacking. There are rumors that Smith has had a history of violent behavior but none appeared on his background investigation for employment with ABC. He is also known to have firearms. Management is considering terminating Smith for performance deficiencies and that, along with the pressures of the business unit closing, has put a great deal of pressure on Smith and the employees in the business unit.

The information concerning Smith is provided to the Emergency Response Crisis Team. What, if anything, should the team do concerning Smith?

Two weeks later management decides to terminate Smith from employment on Friday because of performance issues. As he is leaving Smith tells his supervisor and 4 other employees in the Foreclosure Department unit that “you have not heard the last from me”. Security escorts him from the building and deactivates his access control badge.

What does your team do with the information concerning the remarks from Smith? Think about intelligence gathering, notifications etc…

Monday morning at ABC Financial Inc. the following occurs:

8:00 am – Security is notified that an individual matching the description of Smith has entered ABC Financial Inc. with several firearms. The individual demanded and obtained an employees’ access control badge in the lobby and gained full access to the building.

Referring to the detailed emergency response the team developed, what preparations should the company have in place to handle this situation?
What specific plans should have been established prior to the incident?
What are the immediate considerations?

8:02 am – What decisions and actions should you consider now that 911 has been called by Security:

What are your concerns?
What are your immediate actions?

8:03 am – Security notifies occupants of an armed intruder in the building:

What factors affect the announcement’s content and delivery?
What actions should be taken once the announcement is made?

8:05 am – Security and 911 operators are overwhelmed with phone calls from nearly 2,000 employees in the building:

What are the key questions, concerns and actions at this point?
Should employees shelter in place or try to evacuate?
For those that have evacuated, management is trying to account for the employees in mustering locations in the parking lot but some employees are fleeing the area and family members are breaking through crime scene tape to assist their loved ones. How should management and law enforcement handle this situation?

8:07 am – Police and first responders arrive and meet with representatives from your team:

What actions do you take to assist emergency responders?
Do you make a second announcement to employees? Why or why not? Consider the pros and cons.
How do you handle arriving media?

8:08 am – Police response shifts from crisis to tactical:

Now that law enforcement is onsite at the facility, how does the team coordinate efforts with them?

8:10 am – Gunshots are heard in the building and people are seen fleeing:

What are the key questions and concerns at this point?

8:12 am – Reports indicate the terrorist shooter is heading to the Foreclosure Department:

What particular concerns do you have at this point?
What actions do you take?

8:15 am – Police notify security that the shooter has been killed but they are continuing their search:

Is the threat over?
What needs to be done now?

8:30 am – Police inform security that there are no additional shooters and initiate formal evacuation:

How do the company and responders coordinate at this point?

8:45 am – Police notify your team of 5 dead and 7 injured in the Foreclosure Department:

What priorities does the team now have?
Does the team have suggestions for a “To Do” list?

9:30 am – Your team is told that the injured are being taken to hospitals and Police need help identifying the injured:

How does your team assist authorities at this point?

10:30 am – Identities of the 5 deceased are provided to your team and company executives:

What are the keys concerns and decisions at this point?

11:50 am – ABC Financial Inc. releases official media statement and is notified by the Police that the site is now a crime scene indefinitely, with a need that all employees stay out of the building until further notice:

Are there any further issues that need to be addressed by the team and management?

What are team’s “Lessons Learned” from this event? Provide specifics.

Should there be a debriefing/hotwash with the stakeholders (company, law enforcement) to discuss best practices, lessons learned and an after-action report completed? Why or why not

You are a member of the Emergency Response Crisis Management Team for ABC, Financial Inc. and the company has recently consolidated operations to one building from four separate buildings. The new building now houses 2,000 employees.

Your team has been tasked with developing a detailed emergency response plan for the new office building and you are to involve local law enforcement in onsite training and drills.

ABC Financial Inc. has had financial struggles over the last several years and the mortgage business unit may be sold to outside investors. Over 1,000 employees may be affected by the sale of the mortgage business. The Foreclosure Department has 50 employees. Within the Foreclosure Department, there is an individual by the name of John Smith. Smith has been on edge the last few months. He is a loner, does not get along with his peers or supervisor, and his performance is lacking. There are rumors that Smith has had a history of violent behavior but none appeared on his background investigation for employment with ABC. He is also known to have firearms. Management is considering terminating Smith for performance deficiencies and that, along with the pressures of the business unit closing, has put a great deal of pressure on Smith and the employees in the business unit.

The information concerning Smith is provided to the Emergency Response Crisis Team. What, if anything, should the team do concerning Smith?

Two weeks later management decides to terminate Smith from employment on Friday because of performance issues. As he is leaving Smith tells his supervisor and 4 other employees in the Foreclosure Department unit that “you have not heard the last from me”. Security escorts him from the building and deactivates his access control badge.

What does your team do with the information concerning the remarks from Smith? Think about intelligence gathering, notifications etc…

Monday morning at ABC Financial Inc. the following occurs:

8:00 am – Security is notified that an individual matching the description of Smith has entered ABC Financial Inc. with several firearms. The individual demanded and obtained an employees’ access control badge in the lobby and gained full access to the building.

Referring to the detailed emergency response the team developed, what preparations should the company have in place to handle this situation?
What specific plans should have been established prior to the incident?
What are the immediate considerations?

8:02 am – What decisions and actions should you consider now that 911 has been called by Security:

What are your concerns?
What are your immediate actions?

8:03 am – Security notifies occupants of an armed intruder in the building:

What factors affect the announcement’s content and delivery?
What actions should be taken once the announcement is made?

8:05 am – Security and 911 operators are overwhelmed with phone calls from nearly 2,000 employees in the building:

What are the key questions, concerns and actions at this point?
Should employees shelter in place or try to evacuate?
For those that have evacuated, management is trying to account for the employees in mustering locations in the parking lot but some employees are fleeing the area and family members are breaking through crime scene tape to assist their loved ones. How should management and law enforcement handle this situation?

8:07 am – Police and first responders arrive and meet with representatives from your team:

What actions do you take to assist emergency responders?
Do you make a second announcement to employees? Why or why not? Consider the pros and cons.
How do you handle arriving media?

8:08 am – Police response shifts from crisis to tactical:

Now that law enforcement is onsite at the facility, how does the team coordinate efforts with them?

8:10 am – Gunshots are heard in the building and people are seen fleeing:

What are the key questions and concerns at this point?

8:12 am – Reports indicate the terrorist shooter is heading to the Foreclosure Department:

What particular concerns do you have at this point?
What actions do you take?

8:15 am – Police notify security that the shooter has been killed but they are continuing their search:

Is the threat over?
What needs to be done now?

8:30 am – Police inform security that there are no additional shooters and initiate formal evacuation:

How do the company and responders coordinate at this point?

8:45 am – Police notify your team of 5 dead and 7 injured in the Foreclosure Department:

What priorities does the team now have?
Does the team have suggestions for a “To Do” list?

9:30 am – Your team is told that the injured are being taken to hospitals and Police need help identifying the injured:

How does your team assist authorities at this point?

10:30 am – Identities of the 5 deceased are provided to your team and company executives:

What are the keys concerns and decisions at this point?

11:50 am – ABC Financial Inc. releases official media statement and is notified by the Police that the site is now a crime scene indefinitely, with a need that all employees stay out of the building until further notice:

Are there any further issues that need to be addressed by the team and management?

What are team’s “Lessons Learned” from this event? Provide specifics.

Should there be a debriefing/hotwash with the stakeholders (company, law enforcement) to discuss best practices, lessons learned and an after-action report completed? Why or why not?

There are four parts to this coursework assignment. Answer all parts. The assessment has significant quantitative and qualitative (narrative) content. As a guide, students should expect parts (a), (b) and (c) of the assignment to comprise between 1 and 2 A4 pages, and part (d) to comprise between 4 and 6 A4 pages.

CASE STUDY

Ned Kelly has decided to start a taxi business in his hometown of Broadstairs . An accountant advises that he needs to budget the first year’s profit or loss, and also the cash flow from trading (the capital budget is being calculated separately) so that he can calculate how much overdraft from the bank will be needed.

Ned currently plans to have three taxis and nine drivers, plus £5,000 in the bank on 1 January 2016. Each driver can work five eight-hour shifts per week, and will take four weeks holiday per year including public holidays. At least one taxi will be available for hire 24 hours a day, 365 days per year. No relief drivers will be used and no overtime will be paid. The accountant suggests that each taxi will be used at 60% capacity, spread evenly over the year. The average receipts per taxi hour are expected to be £25 for the first three months, rising to £30 thereafter. It is envisaged that 20% of passengers will pay by credit card, payment in respect of which will be made in the following month, and 30% will be account customers, payment in respect of which will be made in the next but one month. The remainder will pay by cash.

The cost of diesel will be 15% of revenue, paid for in the month following the expenditure. Maintenance costs per taxi will be £120 per month, payable one month in arrears, and annual road tax and licence fees per taxi will be £600, payable at the beginning of the first month’s trading. Monthly depreciation on fixed assets will be £1,000.

Ned will manage the office, and he and four office staff will take bookings and direct drivers. Drivers will each be paid £24,000 gross pa; the four office staff will be paid £16,000 gross pa each. Social security costs and benefits will add another 10% to each month’s salary bill. All staff costs will be paid in arrears on a monthly basis. Utilities (water, gas and electricity) are expected to cost £1,500 a quarter, payable by direct debit in the first week of the following quarter. Rent and local property tax charges will be £18,000 and £5,000 pa respectively, both of which are payable at the beginning of each quarter.

Ned plans to take drawings in cash of £2,500 at the beginning of each month.

To bring the business to the attention of the public, Ned has agreed to spend £5,000 on advertising (including printing of business cards) in the first week. This will cover the first six months worth of promotion. For future advertising, Ned will budget for £500 a quarter.

At the beginning of the second year of trading Ned anticipates buying a fourth taxi for £15,000 cash. He anticipates that his oldest taxi will be sold at that point, for £3,000 cash.
Required:

(a) Prepare a budgeted profit and loss account for the year ended 31 December 2016

(Maximum 200 words)

(b) Prepare a monthly trading cash budget for the first six months and quarterly for the 6 months to 31st December 2016
(Maximum 400 words)
(c) Calculate and explain how much working cash you would recommend Ned needed to obtain and, the overdraft limit you would recommend/allow as his bank manager (You may need to do a weekly cash budget for the first months)
(Maximum 400 words)

(d) Analyze the business plan in terms of cost; volume; profit and in relation to its location and the demographics of the area.
(Maximum 400 words)
(e) Using a Business Report format explain to Ned how budgeting might aid in the achievement of his business goals

(Maximum 1000 words)

<br>
All research is conducted within a particular ontological and epistemological paradigm. The production of a PhD, or any other form of social science research, thus necessitates a clear ontological and epistemological framework. Research must also conform to ethical philosophy and standards. This essay requires students to select and apply ontological, epistemological and ethical paradigms to their proposed research and to critically assess the philosophical foundations and ethical implications of their work. <br>
<br>
Describe, discuss and critically evaluate your chosen paradigm and demonstrate how you will apply this paradigm to the design of your research. Consider and critically evaluate the ethical dimensions of your research. Equal weight will be given in the marking to the justification of your chosen paradigm and to the ethical dimensions of your research.<br>
<br>
Marking Criteria<br>
The essay should demonstrate:<br>
1. A clear and critical understanding of research philosophy.<br>
2. An appreciation of the fundamental differences between various paradigms.<br>
3. Understanding of the link between research paradigms and methodology, and ability to contextualise own research within an appropriate paradigm.<br>
4. Ability to critically evaluate research paradigms.<br>
5. Critical understanding and analysis of the ethical paradigms covered in this module.<br>
6. Ability to consider and critically evaluate the ethical implications of own research. <br>
NB. Failure to engage with the philosophical and ethical paradigms covered in this module will automatically result in a fail.<br>
<br>
Learning Outcomes<br>
1. Distinguish and evaluate the philosophical underpinnings and methodological ramifications of different approaches to business and management.<br>
2. Discuss and evaluate the roles that researchers can play and the ethical ramifications of adopting such roles.<br>
3. Specify the philosophical underpinning and methodological ramifications of a research programme and the testing of its findings.<br>
My research title is( Impact of Transformational and Servant Leadership on organisational Innovation: the role of Staff Satisfaction in Banks in Saudi Arabia) <br>
I am going to use Quantitative method.<br>
Could you please use the attached references as can as possible.<br>
thanks

What types of students with high incidence disabilities were in these classrooms?
2. What types of accommodations or modifications were implemented for high incidence disabilities?

Your school is continuing its professional development activities to increase an understanding of students with special needs and how to provide support for them in general education classrooms; as part of this process, you have been assigned to create a handout to support the workshop activities. You will use Microsoft Word to desktop publish your handout. In addition to your information, the layout should be visually pleasing; a graphic is recommended. You may find it helpful to use a two-column format and/or choose one of the free templates available through Microsoft Office. If you choose to use another program, the final product that is uploaded must be either in Microsoft Word or in a PDF format so that everyone can view your handout.

In continuing the professional development activities in your school, you will prepare a handout that will be shared with other workshop participants. This handout will focus on high incidence disabilities and students with other special needs. Choose one category of high incidence disability and one other area of diverse needs (i.e., culturally or linguistically diverse, or economically diverse) to research for your handout.

In this handout you will do the following:
1. Identify the characteristics of your high incidence category (i.e., learning disabilities, emotional disabilities, etc.).
2. Identify the characteristics of one group of students with special needs other than disabilities (i.e., students who are culturally or linguistically diverse, students from lower socio-economic backgrounds).
3. Suggest at least two strategies that could be used to support these learners in general education classrooms.
4. Post your handout to the Discussion Board by Sunday.
5. Be sure to include references to support your handout in APA format.
6. Use Microsoft Word to create your handout or export it as a PDF from another program in a visually appealing format; a graphic is suggested.

The prior postings need to be completed and posted by Sunday.

In the last two units, you have been learning about the characteristics and needs of high and low incidence disabilities and other diverse learners. In the Team Activity, each team investigated low incidence disabilities. Before responding to this part of the Discussion, you will need to review the PowerPoint presentations from other teams that have been posted to this Discussion Board as well as the handouts that your classmates have posted for Unit 4. For this part of the Discussion you will:
1. Compare and contrast the strategies that you learned about for low and high incidence disabilities. How are they similar and how are they different?
2. Can you identify any strategies that can be implemented with all diverse populations;
———-
Added on 05.12.2015 19:46
Meeting the Needs of Students with High Incidence Disabilities and Other Diverse Learners

The Discussions in this course include several components. You may not be able to address all of these questions in a single post. You will need to plan to return to the Discussion several times during the week to weigh in on the questions. Please make sure you do so as part of both original posts as well as in replies to your classmates. Remember that your grade for the Discussion Board comprises both original postings and your contributions through replies. Both are great places to introduce new information, opinions, links, etc.; and both are equally important to your grade.

Attention Students!

Each team will need to upload their final PowerPoint team presentation to this Discussion Board by Sunday.

In the prior unit, you learned about students with low incidence disabilities. As you know, Friend and Bursuck (2015) define low incidence disabilities as those disabilities that are less common that are outlined in IDEA, such as deaf blindness or multiple disabilities. As you enter your classrooms, it is likely that most of the students with disabilities will be identified as high incidence. Before turning to our scenario, think about general education classrooms that you have observed or where you have taught.
1. What types of students with high incidence disabilities were in these classrooms?
2. What types of accommodations or modifications were implemented for high incidence disabilities?

Your school is continuing its professional development activities to increase an understanding of students with special needs and how to provide support for them in general education classrooms; as part of this process, you have been assigned to create a handout to support the workshop activities. You will use Microsoft Word to desktop publish your handout. In addition to your information, the layout should be visually pleasing; a graphic is recommended. You may find it helpful to use a two-column format and/or choose one of the free templates available through Microsoft Office. If you choose to use another program, the final product that is uploaded must be either in Microsoft Word or in a PDF format so that everyone can view your handout.

In continuing the professional development activities in your school, you will prepare a handout that will be shared with other workshop participants. This handout will focus on high incidence disabilities and students with other special needs. Choose one category of high incidence disability and one other area of diverse needs (i.e., culturally or linguistically diverse, or economically diverse) to research for your handout.

In this handout you will do the following:
1. Identify the characteristics of your high incidence category (i.e., learning disabilities, emotional disabilities, etc.).
2. Identify the characteristics of one group of students with special needs other than disabilities (i.e., students who are culturally or linguistically diverse, students from lower socio-economic backgrounds).
3. Suggest at least two strategies that could be used to support these learners in general education classrooms.
4. Post your handout to the Discussion Board by Sunday.
5. Be sure to include references to support your handout in APA format.
6. Use Microsoft Word to create your handout or export it as a PDF from another program in a visually appealing format; a graphic is suggested.

The prior postings need to be completed and posted by Sunday.

In the last two units, you have been learning about the characteristics and needs of high and low incidence disabilities and other diverse learners. In the Team Activity, each team investigated low incidence disabilities. Before responding to this part of the Discussion, you will need to review the PowerPoint presentations from other teams that have been posted to this Discussion Board as well as the handouts that your classmates have posted for Unit 4. For this part of the Discussion you will:
1. Compare and contrast the strategies that you learned about for low and high incidence disabilities. How are they similar and how are they different?
2. Can you identify any strategies that can be implemented with all diverse populations; either high or low incidence disabilities?

Be sure to support your responses with resources and research that supports best practice.

This Discussion addresses the following unit learning outcomes:

Describe the key elements of the federal definitions for each of the high incidence categories.

Describe the characteristics and needs of students with high incidence disabilities and the instructional accommodations and modifications needed in the classroom setting.

It also addresses the following course outcomes:
———-
Added on 05.12.2015 19:51
An effective teacher is able to articulate a solid rationale for his, or her, teaching practices and professional actions. This rationale needs be based on research. This is especially important when providing instruction and assessment to students with disabilities and other diverse learners. The professional teacher draws upon knowledg

Decisions in USASuperCars
Scenario: USASuperCars sells luxury sports cars. It has just signed a contract to sell in New Year’s Day (01-01-2016) time, a batch of these super cars to various customers around the globe. The following table shows the orders from eight customers. The selling prices are fixed and in local currencies at the exchange rate prevailing at the time of the delivery. Of course there is uncertainty in the exchange rates, and in order to cope with this uncertainty estimates of the expected value and standard deviation of these have been provided by the Bank of America for all but one (EUR) of the currencies. The report that came with these estimates stated that these rates are normally distributed and independent.
Questions:
1) For the exchange rate of EUR/USD, where estimates are not available, create an estimate by using the daily closing values of the exchange rate from the last 24 months. Argue which period might be most relevant, if you decide to use less than the full 24-month period to create your estimate. Assume that the exchange rate is normally distributed, calculate the mean and the standard deviation, and use these to fill in the values for France in the table of orders.
2) Specify the distribution and report the mean and the standard deviation of total revenue in $.
3) a) What is the probability that this revenue will exceed $ 2,280,000?
b) What is the probability that this revenue will be less than $ 2,160,000?
4) HSBC offers to pay a certain sum of $2,150,000, in return for the uncertain revenue in local currencies. Give an opinion as to whether this is a good offer for USASuperCars or not?
5) In USASuperCars, the Sales manager is willing to accept HSBCs offer, but the CEO is not. Who is more risk-averse?
6) What other risks is the bank taking, apart from the uncertainty in the exchange rates?
7) If the offer is to pay the certain sum next week rather than on New Year’s Day, would that make any difference? When would the bank and when the company would prefer the payment to be made, and why?
8) USASuperCars has accepted HSBCs offer. Assuming the bank will convert all currencies into US dollars at the prevailing exchange rates. What is the probability that the bank will incur a loss?
9) The bank defines its Value-at-Risk as the loss that occurs at the 5th percentile of the uncertain revenue (5% left tail of the distribution). What is the banks Value-at-Risk and what is the banks expected profit?
10) What other options does the bank has if they decide not to convert all/some of the currencies in New Year’s Day?
Marking scheme: 50% of the mark comes from the aforementioned ten questions (5% for each), and 50% from the overall presentation of the business report. A business report must have a nice cover, a good executive summary, an introduction and a main body that reads through smoothly and uses lay terms, not statistical jargon. The report should be printed, and formatted with the highest possible quality of presentation. It must contain graphs and as much colour as possible. No assumptions should be made on the academic background and experience of the potential readership. References should be used carefully and the majority coming from practitioner/business sources (www, the press, etc) and any technical details /analysis should be in an appendix. Overall the main body should not be more than 2500 words