Macreconomics homework

Assignment 1: LASA 2: International Trade

Visit the U.S. Government Web site:

http://www.export.gov/tradedata/index.asp

1. Go to the Import/Export Data link.
2. Find TradeStats Express.
3. Find National Trade Data.
4. Determine the trade balance between the U.S. and China for the most recent five year period.
5. Illustrate the trend over this period with a graph of the data.

Based on the data provided, create a report in Microsoft Word discussing the trade balance between China and the U.S. for the most recent five year period. In your discussion, include an analysis of the effect of such trade balance on the economies of China and the U.S., both individually and comparatively. Justify your discussion and analysis by using appropriate examples and references.  Include in your report an analysis of the impact on the U.S. economy of the situation where China holds such a large amount of the U.S. debt.

By Saturday, July 20, 2013, submit your responses to the M5: Assignment 1 Dropbox.

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Assignment 1 Grading Criteria	Maximum Points
Accurately determined the trade balance between China and the U.S. for the most recent five year period. (40 points)Illustrated the trend over this period with a graph of the data. Cited the source. (8 points)
Researched and analyzed the impact of foreign trade between the two countries and their economic growth during this period. (8 points)Discussed the issues, concerns, and ramifications of the trade balance on China’s economy.(20 points)Discussed the issues, concerns, and ramifications of the trade balance on the U.S. economy. (20 Points)Compared the impact of trade balance between China and the U.S. for this period. (20 Points)Used appropriate terminology (4 Points)
Provided adequate and appropriate examples and references to justify conclusions. Used a variety of credible texts, Web sites and other references.
Discussed the nature and possible future effects upon the U.S. economy. (30 Points)Discussed the ability of the U.S. to sustain growth and development. (20 Points)Justified these conclusions with appropriate data and other resources.(20 Points)Used appropriate terminology. (2 Points)
Organization (16 points): Introduction, Transitions, and ConclusionUsage and Mechanics (16 points): Grammar, Spelling, and Sentence structureAPA Elements (20 points): Attribution, Paraphrasing, and QuotationsStyle (8 points): Audience and Word Choice
Total:	300

Sheet1

303 Exam 2 SUM II 2013

Find:

MGSC

NOTE: Show all steps. Solve problems using EXCEL.

Date: 7-19-2013 Time: 5pm to 9pm.

1. ABC Co. purchases an item. The annual demand for this item is 75000 units. The

ordering cost is $60 per order. The holding cost is $4 per unit per year. The lead time

for this item is 3 days. Assume 250 working days per year.

Find:

a) Economic order quantity, EOQ.

b) What is the optimal number of orders per year.

c) What is the annual cost of ordering and holding inventory.

d) What is the re-order point.

2. ABC Co. manufactures a subcomponent at the rate of 400 per day when required.

Its annual demand for this item is 50000 units. Assume 250 working days per year.

Holding cost is $10 per unit per year. Set-up cost is $150 per set-up. Find:

a) Economic production quantity.

b)How many production runs will be made per year.

c)What will be the maximum inventory level.

d) What percentage of time during the year will this item be produced.

e) What is the annual cost for ordering and holding inventory.

3. Hotel ABC has contracted out its towel laundering work. The lead time for the contractor

is 2 days. The daily demand for clean towels at the hotel is normally distributed with a mean of

800 and a standard deviation of 150. Management has set the service level 95%.

For this service level, Z = 1.64

a) The Reorder point.

b) Safety stock.

4. A printing company has a contract with a legal firm to copy their court documents. Daily demand

is a constant at 10000 pages to be copied. The mean lead time for the contractor is 4 days with

a standard deviation of 1.25 days for delivering copies. Find the re-order point

for the law firm. The desired service level is 95%. The corresponding Z =1.64.