FIN 540 – Homework Chapter 28

Directions: Answer the following five questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link in the course shell. Each question is worth five points apiece for a total of 25 points for this homework assignment.
1. Which of the following would cause average inventory holdings to decrease, other things held constant? a. The purchase price of inventory items decreases by 50 percent. b. The carrying price of an item decreases (as a percent of purchase price). c. The sales forecast is revised downward by 10 percent. d. Interest rates fall. e. Fixed order costs double.
2. During times of inflation, which of these inventory accounting methods is best for cash flow? a. LIFO, because the most expensive goods are recorded as being sold first, resulting in a higher cost of goods sold and a lower reported net income. b. Specific identification, because it correctly identifies the actual item sold and so the actual cost is recorded on the income statement. c. Weighted average, because it smoothes the reported cost of goods sold over time. d. It doesn’t matter which you use since cash flow is unaffected by the choice of inventory identification method. e. FIFO, because the cheapest goods are recorded as being sold first, resulting in lower cost of goods sold and higher reported net income.
3. Which of the following is true of the Baumol model? Note that the optimal cash transfer amount is C*. a. If the total amount of cash needed during the year increases by 20%, then C* will increase by 20%. b. If the average cash balance increases by 20%, then the total holding costs will increase by 20%. c. If the average cash balance increases by 20% the total transactions costs will increase by 20%. d. The optimal transfer amount is the same for all companies. e. If the fixed costs of selling securities or obtaining a loan (cost per transaction) increase by 20%, then C* will increase by 20%.
4. Which of the following is true of the EOQ model? Note that the optimal order quantity, Q, will be called EOQ. a. If the annual sales, in units, increases by 20%, then EOQ will increase by 20%. b. If the average inventory increases by 20%, then the total carrying costs will increase by 20%. c. If the average inventory increases by 20% the total order costs will increase by 20%. d. The EOC is the same for all companies. e. If the fixed per order cost increases by 20%, then EOQ will increase by 20%.

5. Halliday Inc. receives a $2 million payment once a year. Of this amount, $700,000 is needed for cash payments made during the next year. Each time Halliday deposits money in its account, a charge of $2.00 is assessed to cover clerical costs. If Halliday can hold marketable securities that yield 5 percent, and then convert these securities to cash at a cost of only the $2 deposit charge, what is the total cost for one year of holding the minimum cost cash balance according to the Baumol model? a. $7,483 b. $187 c. $3,741 d. $374 e. $748

The book America’s Bitter Pill focuses on the politics surrounding the drafting and implementation of the Affordable Care Act. Author Steven Brill uses the ACA as a means to explore the bitter partisanship, special interest power, and political messaging that has become intertwined in our democracy and the battle for an equitable, efficient healthcare system.

It’s Even Worse Than It Looks presents an incisive investigation into the political gridlock that has choked Congressional action for the past few decades. Brookings Institution senior fellow Thomas Mann and American Enterprise Institute (and life-long Republican) scholar Norman Ornstein look at the history of high-stakes, confrontational politicians from Newt Gingrich to Mitch McConnell, and search for the sources of America’s increasing partisanship.

Directions:

Please address the following questions with three pages allotted for each question (12 point, times new roman, 1 inch margins, double spaced) (so 9 pages total, 1 page for each section). Good answers will use specific examples from the book to support your argument. To ease grading, please structure your essays to match the formatting of the questions below. If you want to note specific passages or notes in the book you should use in text citations e.g. (Brill, p136) or (M&O, p95). The use of in text citations would be a good way to ensure that you do not plagiarize and will show that you are drawing examples from the required reading. You do not need to provide complete citations for the assigned books. If you choose to use any additional sources (which should not be necessary), please use APA citation format. You should work alone on this assignment, though you can discuss the books and questions with other students.

1. Steven Brill describes that in 2007 – 2008, the Senate, while slow in deliberation, was genuinely interested in moving America forward and advancing solutions to America’s health care problems. However, not long after Obama’s election, health care became an extremely polarizing topic.

• A)Describe some of the policy ideas in health care reform that appeared to be bipartisan – that is, there ought to be supporters among both Republicans and Democrats.
• B)What changed during the course of the health care debate that led to the bill not getting a single Republican vote?
• C)Throughout Obama’s presidency, House Republicans voted to repeal or cripple the Affordable Health Care Act (AHCA) dozens of times. And in the 2012, 2014, and 2016 elections, Republicans made this a central promise of their campaigns. Yet once ascending to power in the House, Senate, and Presidency, they were unable to generate sufficient votes to do so. What explains this paradox?

2. Some journalists and scholars (across the political spectrum)[1] have argued that U.S. democracy is on a precipice of totalitarianism, or, at best, “illiberal democracy”. These people point to the failure of democratic institutions; the collapse of institutional norms; the disregard for safeguards such as the electoral college; and the rise of a leader who has little regard for these democratic norms, institutions, and the Constitution. Mann and Ornstein, prior to Trump’s candidacy, highlighted collapsing institutional rules and norms, arguing that U.S. democracy had become dysfunctional.

• A)Mann and Ornstein describe a collapse of institutional rules and norms in Congress that have contributed to dysfunction in Congress. Discuss 3 rules and norms that have been disrupted over the past decade, and how these would lead to the rise of illiberal democracy.
• B)Why were these norms disrupted? What was the origin of disruption? Did this just happen? Or was it a calculated strategy? Explain.
• C)Do you think that American democracy is dying? To what extent does the 2016 election represent a temporary or permanent change in America’s political landscape? What evidence, from the Mann and Ornstein book, supports your perspective?

3) Ornstein and Mann argue that there are a number of major policy issues facing the US: Climate Change; long term debt issues and fiscal (tax) reform; and growing inequality. In America’s Bitter Pill, Brill describes Obama’s political strategy as a search for bipartisanship and compromise to solve a major policy issue (Health Care Coverage & Costs).

• A)Why did Obama attempt to pursue a strategy of bipartisanship and compromise? What were the consequences of this strategy?
• B)Considering the political climate that Mann and Ornstein describe, how might these efforts be viewed in the future? What needs to happen to achieve political compromise in the future?
• C)Discuss 3 major political lessons from the Health Care Reform experience that might help improve the prospects for addressing other major policy issues.

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[1] See the following essays as examples: http://nymag.com/daily/intelligencer/2016/04/america-tyranny-donald-trump.html

https://verdict.justia.com/2016/06/02/beginning-end-constitutional-democracy-u-s

http://www.wsj.com/articles/the-growing-threat-of-illiberal-democracy-1483488245

https://www.washingtonpost.com/opinions/america-is-becoming-a-land-of-less-liberty/2016/12/29/2a91744c-ce09-11e6-a747-d03044780a02_story.html?utm_term=.9f4413701696

The case study critique will be between 3–5 pages in length, should discuss the major facts of the case, and should tell whether or not you believe the right decision(s) was/were made and why. The format of each case study critique should be as follows:

• Identify the important facts in the case study
• What decision(s) were made in the case study
• Do you believe the decisions were appropriate
• Discuss any alternative solution(s) to the problem and support those solutions with additional research (with similar cases)
• Conclusion
• Bibliography
• Make sure each section is labeled appropriately (Facts, Decision, Solution, Conclusion)
• Citation style: APSA, APA, Chicago
• All papers should use the following format: Times New Roman, 12 point font, 1” margins from left to right and top to bottom, double spaced, number pages, and include a title page.

The case is on the OakDale Administration.

Write a 700- to 1,050-word paper on the importance of health care research in current times. Include your views on health care research and why you feel it is important as it relates to one of the concepts outlined below:

• The impact of health care research on evidence-based practice
• Key components of research studies affecting rigor, validity, and ethical considerations
• How leaders can integrate research into a practice or health care network setting
• Share your opinions on proper research and its influence on business success.
• Include references in your paper

Click the Assignment Files tab to submit your assignment.

Please try to use these text books

Introduction to Health Research Methods:…

Author: Kathryn H. Jacobsen

ISBN: 9781449650612

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Research Techniques for the Health Scien…

Author: James J. Neutens; Laurna Rubinson

ISBN: 9781323082713