...Senior year so far is not to bad, its just that there is so much to do in a small amount of time like for example senior packets are due soon, cap and gown forms came out, finishing up my PTP ain't so easy too, and on top off that I play sports and have homecoming practice almost everyday, being the homecoming king i'm required to be at all the long boring practices being berated for every little thing we do wrong. One of the things Im doing well to assure that I graduate is, for one not procrastinating on doing homework and at least during some of it before the deadline. I guess, I finally realized that doing my homework earlier would most benefit my grade then work that was finished within ten minutes before class. I also realized that...
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...The Turing Test, created by A.M. Turing, is a method which is used to measure a machine’s ability to display intelligence or thinking that is equal to or even indistinguishable from a human’s intellect. In Ray Bradbury’s story, The Long Years, Mr. Hathaway and his “family” are marooned on the planet Mars. Eventually, Captain Wilder and his crew arrive on the planet and discover something is off about the Hathaway family. Ultimately, the crew determines that Mr. Hathaway created a look-a-like robot family. Could the family pass the Turing test? The robot family has promising qualities to pass the test such as having conversations and possessing life-like skin. However, the inability to age, the absence of emotion and the lack of ability to drink wine demonstrates the Hathaway robot family would be unsuccessful in passing the Turing test....
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...Case: Last year, Mr. Smith was involved in an automobile accident, severely injuring his legs. As a part of a long-term rehabilitation process, his physician prescribes a daily routine of swimming. Because there is not readily available public facility nearby, Mr. Smith purchases a house with a pool for $175,000. Replacing the pool would cost $20,000. The existing pool increases the fair market value of the house by $8,000. Mr. Smith spends $500 maintaining the pool and $1,800 in other medical expenses. Mr. Smith wants to know the total amount of medical expenses that he may claim in the current year. His AGI is $60,000. Relevant Tax Law: IRC Sec. 213(a) states that “there shall be allowed as a deduction the expenses paid during the taxable year, not compensated for by insurance or otherwise, for medical care of the taxpayer, his spouse, or a dependent to the extent that such expenses exceed 7.5 percent of adjusted gross income. Sec. 213 (d) defines medical care as amounts paid for: (A) for the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body, (B) for transportation primarily for and essential to medical care (C) for qualified long-term care services or (D) for insurance (http://www.taxalmanac.org/index.php/Internal_Revenue_Code:Sec._213._Medical,_dental,_etc.,_expenses) Treasury Regulations, Subchapter A, Sec. 1.213-1: “Reg. Section 1...
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... * 16 years-old * Has long, brown ponytails * Eye color is violet * Attacking Specialty: short-range, mid-range, & long-range * Weapon(s) used: any type of gun and explosives Captain: Kannoga Ayumi * 16 years-old * Has long, brown ponytails * Eye color is violet * Attacking Specialty: short-range, mid-range, & long-range * Weapon(s) used: any type of gun and explosives Vice: Tohmiko Fuko * 15 years-old * Has long, indigo ponytails * Eye color is red * Attacking Specialty: mid-range * Weapon(s) used: caliber, shotgun, rail gun, explosives, and a pistol Vice: Tohmiko Fuko * 15 years-old * Has long, indigo ponytails * Eye color is red * Attacking Specialty: mid-range * Weapon(s) used: caliber, shotgun, rail gun, explosives, and a pistol General: Kitaouji Satsuki * 17 years-old * Has short, brown hair * Eye color is blue * Attacking Specialty: short-range * Weapon(s) used: caliber, knives, katana, a pistol, and explosives General: Kitaouji Satsuki * 17 years-old * Has short, brown hair * Eye color is blue * Attacking Specialty: short-range * Weapon(s) used: caliber, knives, katana, a pistol, and explosives Spy: Otonashi Saya * 16 years-old * Has long, black hair * Eye color is indigo * Attacking Specialty: long-range * Weapon(s) used: throwing knives and a pistol Spy: Otonashi Saya * 16 years-old * Has long, black...
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...Long Island took more than 450 million years to develop into the geography we inhabit present day. Long Island’s geologic history began when future North America (known as Laurentia) collided with continental fragments, resulting in a foundation of consolidated hard rock. Several hundred million years of continental collisions and separations formed the Appalachian Mountains, whose eroding streams delivered Long Island’s sedimentary layer of sand, silt and clay. Over the next 63 million years, erosion continues to carve out valleys that will eventually become the Long Island Sound and bays off the North Shore. The next stage of growth is a result of approximately 4 Glaciers delivering the top layers of Long Island over thousands of years....
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...Long-term care is defined as medical or non-medical care provided to those who have chronic illnesses or disabilities. This care meets health or personal needs such as the activities of daily living. These activities include such things as bathing, eating, dressing and using the bathroom facilities. Care can be accessed in assisted living facilities, nursing homes, community or in the person’s home. Long-term care may be needed at any age. Long-term care may never be needed. Nine million men and women over the age of 65 will need long-term care this year. Twelve million will need care by the year 2020. Most of these individuals will receive care at home. Seventy percent of the elderly are cared for by family and friends. A study by the U.S. Department of Health and Human Services says that people who reach age 65 will likely have a 40 percent chance of entering a nursing home. About 10 percent of the people who enter a nursing home will stay there five years or more. (www.medicare.gov/LongTermCare/Static/Home.asp) Long-term care financing is a growing concern over recent years. The number of elderly Americans in proportion to the total population is rapidly increasing. Individuals need to plan well in advance in order to cover the burden that it places on individuals, families, and society. The average annual cost of nursing-home care in the US was $74,000 in 2005 and is projected to rise to $175,000 by 2020. This amount would decimate the assets of all...
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...Chapter 6 Rate The Risk and Term Structure of Interest In the previous section, we have generalized our discussion of the influence of various factors on the behavior in interest rate by examining only a particular type of bonds: namely, the 1-year zero coupon bond. However, there are many types of bonds: bonds with different maturity, bonds issued by different parties (i.e. government vs. corporate), etc. As a result, there is a different interest rate for each type of bond. We will look at the behavior of interest rates of two groups of bonds: (1) Bonds with the same features but are issued by different agency. In other words, we want to look at the risk structure of interest rates. (2) Bonds issued by the same agency but have different term to maturity (i.e. life of the bond). In other words, we want to look at the term structure of interest rates. 1. Risk structure of interest rate As we have discussed in the previous section, the (relative) risk level of an asset affects its demands according to the theory of asset demand. The higher the relative risk level, the lower the demand of that asset. According to the theory of asset demand, this leads to an increase in interest rate. In other words, investors need to be compensated with a higher return (in the form of higher interest rate) in order to induce them to hold the assets. There are a number of factors that affect the risk level of a bond. In this section, we will focus on only 3 of them: default risk, liquidity, and tax...
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...STAT379 OPERATIONS RESEARCH II Practical Problems for Week 5 Tutorial SELECTED SOLUTIONS Practical Problem 1 a) i) P(Beach next year | Beach this year)=0.8 P(Mountains this year | Beach this year)=0.2 b) i) P(Beach in two years | Beach this year)=0.72 P(Mountains in two years | Beach this year) = 0.28 a) ii) P(Beach next year Mountains this year)=0.4 P(Mountains next year Mountains this year) = 0.6 | | b) ii) P(Beach in two years time | Mountains this year)=0.56 P(Mountains in two years | Mountains this year) = 0.44 c) Tried three different initial state vectors and all converged to the same long run probabilities (see next page). The long run probability of you going to the beach is 0.66667 and the long run probability of you going to the mountains is 0.33333 which are 2/3 and 1/3 rounded to 5 decimal places. 1 Practical Problem 2 a) P(Purchasing Brand B four purchases from now|equally likely to purchase each brand initially)=0.36275 P(Purchasing Brand C four purchases from now|equally likely to purchase each brand initially)=0.33586 P(Purchasing Brand A four purchases from now|equally likely to purchase each brand initially)=0.30141 2 Output for b), c) and d) respectively. b) Look at printout in first column of table. P(Purchase Brand A after 4 purchases | purchased brand A this time) =0.6808, P(Purchase Brand B after 4 purchases | purchased brand A this time) =0.29396, P(Purchase Brand C after 4 purchases | purchased brand A this time) =0...
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...of the elderly who are in need of long term care. The long term care can be done in many ways for example a nurse, certified nurse’s aide, and a certified therapist would come into the of an elderly person. Some elderly people do need more intensive long term care and he or she may need to be in a facility that would provide him or her long term care he or she does need. It has been estimated that there are millions of people in the United States needing long term care. Many individuals that need long term care where conditions has left him or her with little ability to take care of him or her own personal care needs, and activities of everyday living. This would include cooking, eating, bathing, brushing teeth, dressing, and help with finances. Long term care does vary with each individual depending on the individual’s illness and needs. Many people believe only the elderly need long term care. This is not true at all many children need long term care also maybe because of a birth defect or some other illness. Many service men and women who have been hurt badly in the line of duty may also need long term healthcare. Each year thousands of people need long term healthcare for everyday activities. The population of individual’s over the age of 65 – years – old has grown to about six and a half million people who need long term care. Individual’s under the age of 65 – years – old is about four million individual’s that do need long term care. With the population of...
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...are Made for Long Distance Running Humans are made for long distance running. Humans are made for long distance running because they have been running for millions of years (McDougall, July 2010). Also many parts of the human body are made for running. Another reason humans are made for long distance running is that the humans cooling system helps humans run for long distances in intense heat. Humans who run marathons run longer than many animals run in one day in just a few hours. Humans have been running for over two million years (McDougall, July 2010). Humans long ago used persistence hunting to kill animals for food (Stipp, June 4,2012). In the Savannah early human ancestors had to scavenge for food. Their competition were the...
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...planning on the problem, and dealing with it. Interest rates, tax rates, and personnel burden are based on conservative assumptions. Some of the more important underlying assumptions are: * We assume a strong economy, without major recession. * We assume, of course, that there are no unforeseen changes in economic policy to make our service immediately obsolete or unwanted. We assume amongst other things a 60-day average collection period, sales entirely on invoice basis except for individuals who come directly to us, expenses mainly on a net 30 day basis, 30 days on average for payment of invoices, and present-day interest rates. General Assumptions | | Year 1 | Year 2 | Year 3 | Plan Month | 1 | 2 | 3 | Current Interest Rate | 10.00% | 10.00% | 10.00% | Long-term...
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...non-liquidating aggregate stock of current assets will be | | |necessary to allow for floor displays, multiple items for selection, and other purposes. All of these “asset” | | |investments can drain the cash resources of the firm. | | | | |6-2. |Discuss the relative volatility of short- and long-term interest rates. | | | | | |Figure 6-10 shows the long-run view of short- and long-term interest rates. Normally, short-term rates are much more | | |volatile than long-term rates. | | | | |6-3. |What is the significance to working capital management of matching sales and production? | |...
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...Japan, did long rates fall as much around that time or less or more? In late 2008, many developed economies where in or close to recession, with growth slowing noticeably in the emerging economies. These events prompted an easing of monetary policy and expansionary fiscal measures in many countries (Reserve Bank of Australia, 2008). The policy rate is the target 'cash rate' set by central banks. This is also the market interest rate on overnight funds, which is used as an instrument for monetary policy (Mishkin, 2013). The long rate is also known as Government securities, or ten-year government bonds. After conducting an analysis from the data in graph 4.1 and 4.4 (Appendix 1) of the Bank for International Settlements 2012 Annual Report (Chapter 4), it can be said that the long rate fell less than the policy rate on average. The results were as follows: In the US, the long-term rate fell from 3.75% to 3.00%, a change of .75 percentage points (bps), whereas the policy rate fell from 2.00% to 0.25%, a change of 1.75 percentage points. This indicates that the long rate fell less than the policy rate. In the UK, the policy rate declined noticeably compared to the long rate during this time. The UK’s policy rate experienced a rapid fall from 5.00% to 0.50%, a change of 4.50 percentage points. The long rate did not experience such a decline, falling from 4.25% to 3.50%, a change of .75 percentage points. However, in Japan both the policy rate and long-term rate...
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...When we think about short term financing we refer to any investment, financial plan, or anything else lasting for one year or less. Short term investment and financial plans usually involve less uncertainty than long term investments and financial plans, reason being market trends are more easily predictable for one year than for any longer period. Short term financial plans are more easily amendable as a result of the short time frame. A short term financial plan usually involves investing in short term securities, such as T bills or commercial paper. When we are discussing long term financing we are describing a plan, strategy, security, or anything else with a term longer than one year. The exact number of years varies according to the usage. A long term financial plan outlines investment and other financial goals for any time more than one fiscal year, while a long term bond has a maturity of 10 or more years. Anything long term involves more uncertainty than anything short term because market trends are more easily predict able in the short term. Planning for the long term is necessary one’s plan must be flexible to account for its inherent uncertainty. There’s totally difference when we look at both short term and long term financing when we think of buying a house or a car we are talking long term financing, on the other hand when we take out a payday loan it is talking about short term because we are paying that back within a week or so. References Financial...
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...NBER WORKING PAPER SERIES THE EFFECTS OF QUANTITATIVE EASING ON INTEREST RATES: CHANNELS AND IMPLICATIONS FOR POLICY Arvind Krishnamurthy Annette Vissing-Jorgensen Working Paper 17555 http://www.nber.org/papers/w17555 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 October 2011 We thank Jack Bao, Olivier Blanchard, Greg Duffee, Charlie Evans, Ester Faia, Simon Gilchrist, Robin Greenwood, Monika Piazzesi, David Romer, Thomas Philippon, Tsutomu Watanabe, Justin Wolfers, and participants at seminars and conferences at Brookings, Chicago Fed, Board of Governors of the Federal Reserve, ECB, San Francisco Fed, Princeton University, Northwestern University, CEMFI, University of Pennsylvania (Wharton), Society for Economic Dynamics, NBER Summer Institute, the NAPA Conference on Financial Markets Research, and the European Finance Association for their suggestions. We thank Kevin Crotty and Juan Mendez for research assistance. This paper was prepared for the Brookings Papers on Economic Activity Fall 2011 issue. We have received an honorarium for the presentation of the paper at Brookings. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. At least one co-author has disclosed a financial relationship of potential relevance for this research. Further information is available online at http://www.nber.org/papers/w17555.ack NBER working papers...
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