Jones Closers specializes in closing residential mortgage transactions. The company employs a large number of people and some individuals specialize in overseeing the final session where the details of the loan are finalized and the borrower(s) are typically present to execute the documents. Jones allows 2 hours for each closing and the standard cost for a 2-hour session is $80. The 2-hour standard time includes breaks for the staff. During the last year, in response to more requirements and stricter enforcement of existing requirements, the staff closed 1200 loans in 3,200 hours. Assuming no change in labor costs and a work force that is no less or no more efficient than the work force in place when the standard was established, estimate the total cost to Jones of the added requirements and increased scrutiny.

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

A. j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a. j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a. j. could have probably handled. a. j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a. j. was recognizing the culture at idle time gaming.

If an investment has 35 percent more nondiversifiable risk than the market portfolio, its beta will be: