The following graph input tool shows the daily demand for hotel rooms at the Triple Sevens Hotel and Casino in Las Vegas, Nevada. To help the hotel management better understand the market, an economist identified three primary factors that affect the demand for rooms each night. These demand. factors, along with the values corresponding to the initial demand curve, are shown in the following table and alongside the graph input tool. Demand Factor Initial Value $40,000 per year Average American household income Roundtrip airfare from San Francisco (SFO) to Las Vegas (LAS) $100 per roundtrip Room rate at the Exhilaration Hotel and Casino, which is near the Triple Sevens $200 per night 4 Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool (?) Market for Triple Sevens's Hotel Rooms 500 450 Price 300 (Dollars per room) 400 Quantity Demanded 200 350 (Hotel rooms per night) 300 250 Demand Factors 200 150 Demand Average Income (Thousands of 100 dollars) 50 Airfare from SFO to LAS 0 (Dollars per roundtrip) 0 50 100 100 150 200 250 300 350 400 450 500 QUANTITY (Hotel rooms) Room Rate at Evhilaration PRICE (Dollars per room) 40 100 200 (Dollars per roundtrip) 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Hotel rooms) 200 Room Rate at Exhilaration (Dollars per night) For each of the following scenarios, begin by assuming that all demand factors are set to their original values and Triple Sevens is charging $300 per room per night. If average household income increases by 50%, from $40,000 to $60,000 per year, the quantity of rooms demanded at the Triple Sevens from rooms per night to rooms per night. Therefore, the income elasticity of demand is , meaning that hotel rooms at the Triple Sevens are If the price of a room at the Exhilaration were to decrease by 20%, from $200 to $160, while all other demand factors remain at their initial values, the quantity of rooms demanded at the Triple Sevens from rooms per night. Because the cross-price elasticity of demand is rooms per night to hotel rooms at the Triple Sevens and hotel rooms at the Exhilaration are Triple Sevens is debating decreasing the price of its rooms to $275 per night. Under the initial demand conditions, you can see that this would cause its total revenue to . Decreasing the price will always have this effect on revenue when Triple Sevens is operating on the portion of its demand curve. The following graph shows the daily demand curve for bikes in Denver. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 240 Total Revenue PRICE (Dollars per bike) 220 200 180 160 140 120 100 80 60 40 20 0 0 9 18 27 x 36 45 54 63 72 QUANTITY (Bikes) B Demand 90 81 99 108 On the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $40, $60, $80, $100, $120, $140, and $160 per bike. 6250 5820 5390 4950 4530 4100 3670 3240 2810 2380 TOTAL REVENUE (Dollars) 4 Total Revenue 0 20 40 60 20 100 120 140 160 180 200 220 240 PRICE (Dollars per bike) According to the midpoint method, the price elasticity of demand between points A and B is approximately Suppose the price of bikes is currently $80 per bike, shown as point A on the initial graph. Because the demand between points A and B is in total revenue per day. ♥ 1 a $20-per-bike decrease in price will lead to In general, in order for a price increase to cause an increase in total revenue, demand must be B

Answers

Answer 1

To answer the questions based on the given information, let's go through each scenario step by step:

Scenario 1:

Initial quantity demanded: 300 rooms per nightIncrease in average household income by 50%: $40,000 to $60,000 per yearQuantity demanded after the income increase: 350 rooms per nightIncome elasticity of demand: (350 - 300) / 300 / (60,000 - 40,000) / 40,000 = 0.25The income elasticity of demand is 0.25, meaning that hotel rooms at the Triple Sevens are income inelastic.

Scenario 2:

Initial quantity demanded: 300 rooms per nightDecrease in room rate at Exhilaration by 20%: $200 to $160 per nightQuantity demanded after the price decrease: 320 rooms per nightCross-price elasticity of demand: (320 - 300) / 300 / (160 - 200) / 200 = -1.0The cross-price elasticity of demand is -1.0, meaning that hotel rooms at the Triple Sevens and hotel rooms at Exhilaration are substitutes.

Scenario 3:

Initial price at Triple Sevens: $300 per room per nightPrice decrease at Triple Sevens: $275 per room per nightBased on the demand curve, decreasing the price from $300 to $275 per room per night will increase the quantity demanded from 300 rooms to approximately 325 rooms per night.This price decrease will increase total revenue since the price reduction occurs on the elastic portion of the demand curve.Moving on to the second part of the question about the graph for bike demand:

To calculate total revenue, we multiply the price per bike by the quantity of bikes sold.

Scenario 4:

Given prices: $40, $60, $80, $100, $120, $140, $160 per bikeTotal revenue at each price:$40: 2380$60: 3240$80: 4100$100: 4950$120: 5820$140: 6250$160: 5820

Scenario 5:

According to the midpoint method, the price elasticity of demand between points A and B is calculated as:Price elasticity of demand = [(Q2 - Q1) / ((Q1 + Q2) / 2)] / [(P2 - P1) / ((P1 + P2) / 2)]Using the given values, let's assume point A is at $80 per bike and point B is at $120 per bike:Price elasticity of demand = [(108 - 99) / ((99 + 108) / 2)] / [(120 - 80) / ((80 + 120) / 2)]Price elasticity of demand ≈ 0.275

Scenario 6:

Currently, at point A, the price is $80 per bike.To increase total revenue, demand must be elastic.From the price elasticity of demand calculated in Scenario 5 (0.275), we can determine that demand is inelastic at point A because the elasticity is less than 1.

Therefore, in order for a price decrease of $20 per bike to lead to an increase in total revenue, demand must become elastic.

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Silver Pty Ltd (Silver) has three directors, Tim, Raj and Valerie. Silver’s shareholders are Tim, Raj, Valerie and Li. Each shareholder owns 25 per cent of the company’s shares. The three directors of Silver recently diverted business away from the company to Coffers & Co, a partnership in which they are partners. Li found out about this and confronted the directors. The directors then called a members’ meeting where they voted in favour of inserting a clause into Silver’s constitution to allow past and future diversions to Coffers & Co, and for the directors to retain the profits received from that diversion of business. Li feels that the company has suffered a wrong and wishes to seek a remedy on behalf of the company for the wrong it has suffered. With reference to the above set of facts, and using the four-steps process, discuss the (ONE) key remedy Li could seek on behalf of the company.

Answers

Li, as a shareholder of Silver Pty Ltd, could seek the remedy of an "oppression action" on behalf of the company.

An oppression action is a legal recourse available to shareholders who believe that their rights or interests have been unfairly prejudiced or oppressed by the actions of the company's directors or other shareholders. In this case, the diversion of business and the insertion of a clause to benefit the directors and their partnership could be seen as oppressive to the interests of the company and its shareholders.

To pursue an oppression action, Li would need to follow a four-step process. First, Li would need to establish that the directors' actions were oppressive or unfairly prejudicial to the interests of the company or its shareholders. The diversion of business and the retention of profits by the directors may be seen as detrimental to the company's financial well-being and the equal rights of the shareholders.

Second, Li would need to demonstrate that the actions of the directors were in breach of their fiduciary duties. Directors have a duty to act in the best interests of the company and its shareholders. By diverting business and favoring their partnership, the directors may have breached this duty.

Third, Li would need to show that the oppression suffered by the company resulted in a loss or harm. The diversion of business and the exclusion of the company from potential profits could be seen as causing financial harm to Silver Pty Ltd.

Finally, Li would need to propose an appropriate remedy to address the oppression. The court may order a range of remedies, such as removing or restraining the directors, compensating the company for the losses suffered, or ordering a buyout of the oppressed shareholder's shares.

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After liquidating noncash assets and paying creditors, account balances in the Pharoah Co, are Cash $18,100; A, Capital (Cr.) $8,500; B. Capital (Cr.) $6,400; and C, Capital (Cr.) $3,200. The partners share income equally. Journalize the final distribution of cash to the partners. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Account Titles and Explanation eTextbook and Media Debit Credit

Answers

The final distribution of cash to the partners in the Pharoah Co. would be as follows: - Partner A: $6,033.33 (rounded), - Partner B: $4,866.67 (rounded), - Partner C: $2,400.00.

To journalize the final distribution of cash to the partners, you would debit each partner's capital account for their respective share and credit the cash account for the total amount distributed.

Journal entry:

Cash                         $18,100.00

Partner A, Capital     $6,033.33

Partner B, Capital     $4,866.67

Partner C, Capital     $2,400.00

This entry reflects the distribution of cash to the partners based on their respective capital balances.

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The final distribution of cash to the partners in the Pharoah Co. would be as follows: - A, Capital: $6,000, - B, Capital: $5,700, - C, Capital: $5,400.

1. Start by calculating the total capital: $8,500 + $6,400 + $3,200 = $18,100.

2. Since the partners share income equally, divide the total capital by the number of partners: $18,100 / 3 = $6,033.33 per partner.

3. Determine the distribution of cash to each partner by comparing their individual capital balances to the calculated per-partner amount:

  - Partner A: $8,500 - $6,033.33 = $2,466.67 (debit)

  - Partner B: $6,400 - $6,033.33 = $366.67 (debit)

  - Partner C: $3,200 - $6,033.33 = $-2,833.33 (credit)

4. Journalize the final distribution of cash:

  - Debit Cash for $2,466.67 (Partner A)

  - Debit Cash for $366.67 (Partner B)

  - Credit Cash for $2,833.33 (Partner C)

Note: The negative amount for Partner C indicates that they owe money to the partnership, which would be settled in the future.

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Brookfield Railway Ltd has the following securities outstanding:

Corporate bond: 20,000, 5.0% coupon bonds outstanding, at $1,000 face value, with 15 years to maturity. The bond is currently trading at par value.

Ordinary shares: 1,000,000 ordinary shares selling for $50 per share. The share will pay a dividend of $3 next year. The dividend is expected to growth by 4% per year indefinitely.

Preference shares: 125,000, 6% preference shares (face value of $100) selling at $80 per shares.
Assume tax rate is 30%.

Calculate the WACC for Brookfield Railway Ltd.

Answers

WACC = (Wd * Kd) + (We * Ke) + (Wp * Kp) * (1 - Tax rate) . To calculate the Weighted Average Cost of Capital (WACC) for Brookfield Railway Ltd, we need to consider the cost of each component of the capital structure and its respective weight.

Given:

Corporate bond:

Face value = $1,000Coupon rate = 5%Years to maturity = 15Currently trading at par value

Ordinary shares:

Number of shares = 1,000,000Share price = $50Dividend next year = $3Dividend growth rate = 4%

Preference shares:

Number of shares = 125,000Face value = $100Share price = $80Dividend rate = 6%Tax rate = 30%

Calculate the cost of debt (Kd):

Since the corporate bond is trading at par value, the coupon rate represents the yield to maturity (YTM). Therefore, the cost of debt is equal to the coupon rate.

Kd = Coupon rate = 5%

Calculate the cost of equity (Ke):

The cost of equity can be calculated using the Dividend Discount Model (DDM).

Ke = (Dividend / Share price) + Dividend growth rate

Ke = ($3 / $50) + 4%

Calculate the cost of preference shares (Kp):

The cost of preference shares can be calculated as the dividend rate divided by the share price.

Kp = Dividend rate / Share price

Kp = 6% / $80

Calculate the weight of each component:

Weight of debt (Wd) = Market value of debt / Total market value

Since the corporate bond is trading at par value, the market value of debt is equal to the face value.

Weight of debt (Wd) = Face value of debt / (Face value of debt + Market value of equity)

Weight of equity (We) = Market value of equity / Total market value

Market value of equity = Number of shares * Share price

Weight of preference shares (Wp) = Market value of preference shares / Total market value

Market value of preference shares = Number of preference shares * Share price

Total market value = Market value of debt + Market value of equity + Market value of preference shares

Calculate the WACC:

WACC = (Wd * Kd) + (We * Ke) + (Wp * Kp) * (1 - Tax rate)

You can plug in the values into the equations above and perform the calculations to determine the WACC for Brookfield Railway Ltd.

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PROBLEM 1: Prepare and evaluate financial statements from accounts (22% Marks) A list of accounts for Geewhiz Productions Co. Ltd at November 30, 2019, is shown below, in no particular order or preference. $78,000 Dividends declared Salaries Expense Income tax payable Land $ 14,000 108,000 3,200 Accumulated amortisation 74,000 Cash in Bank 27,000 13,200 Income tax expense 8,100 6,100 Credit Sales Revenue 402,200 Employees Benefits expenses Tax deductions payable Accounts Receivable Cash Sales Revenue 18,600 Inventory on Hand 78,000 33,400 Prepaid Insurance Asset 3,200 Beginning Retained 7,500 Earnings 96,600 Dividends Payable Amortisation expense 53,000 37,200 Accounts payable 184,100 Interest Income Cost of goods sold expense 2,100 13,800 Building 346,000 Insurance expense Share Capital 300,000 Trucks and Equipment 253,400 Office Expense 5,200 46,200 Salaries payable 169,800 Mortgage Payable 9,700 Miscellaneous Expenses Interest expense Bank loan owing 37,900 20,500 Required: i. Using the list, decide which ones are income statement accounts. Estimate net income based on your answer to part 1. (3 marks) (2 marks) (2 marks) iii. Estimate ending retained earnings based on your answer to part 2. iv. Prepare the following financial statements, demonstrating that your answers to parts 2 and 3 are correct: a. Income statement for the year ended November 30, 2019. (312 marks) (2½ marks) b. Statement of retained earnings for the year ended on that date. c. Balance sheet at November 30, 2019. V. Comment briefly on what the financial statements show about the company's year 2019 and financial position at November 30, 2019. (5% marks) performance for the (4 marks)

Answers

Based on the given list of accounts, the income statement accounts are as follows:

- Salaries Expense

- Income tax expense

- Credit Sales Revenue

- Cash Sales Revenue

- Income tax payable

- Dividends declared

- Cost of goods sold expense

- Interest Income

- Amortization expense

- Insurance expense

- Miscellaneous Expenses

- Office Expense

To estimate the net income, we need to subtract the total expenses from the total revenue.

Total revenue = Credit Sales Revenue + Cash Sales Revenue + Interest Income = $402,200

Total expenses = Salaries Expense + Income tax expense + Cost of goods sold expense + Amortization expense + Insurance expense + Miscellaneous Expenses + Office Expense = $13,200 + $8,100 + $37,200 + $53,000 + $2,100 + $5,200 = $118,800

Net income = Total revenue - Total expenses = $402,200 - $118,800 = $283,400

iii. To estimate ending retained earnings, we need to consider the beginning retained earnings ($7,500) and add the net income.

Ending retained earnings = Beginning retained earnings + Net income = $7,500 + $283,400 = $290,900

iv. The financial statements are prepared as follows:

a. Income statement for the year ended November 30, 2019:

Income Statement:

Revenue:

Credit Sales Revenue $402,200

Cash Sales Revenue

Total Revenue $402,200

Expenses:

Salaries Expense $13,200

Income tax expense $8,100

Cost of goods sold expense $37,200

Amortization expense $53,000

Insurance expense $2,100

Miscellaneous Expenses $5,200

Office Expense

Total Expenses $118,800

Net Income $283,400

b. Statement of retained earnings for the year ended November 30, 2019:

Statement of Retained Earnings:

Beginning Retained Earnings $7,500

Net Income $283,400

Dividends declared

Ending Retained Earnings $290,900

c. Balance sheet at November 30, 2019:

Balance Sheet:

Assets:

Cash in Bank $27,000

Accounts Receivable

Inventory on Hand $78,000

Prepaid Insurance Asset $3,200

Land $14,000

Accumulated amortization $74,000

Building $346,000

Trucks and Equipment $253,400

Total Assets

Liabilities:

Income tax payable

Dividends Payable

Accounts payable $184,100

Tax deductions payable

Salaries payable $169,800

Mortgage Payable $9,700

Bank loan owing $37,900

Total Liabilities

Equity:

Share Capital $300,000

Retained Earnings $290,900

Total Equity

v. The financial statements show that the company had a net income of $283,400 for the year 2019, resulting in an increase in retained earnings to $290,900. The balance sheet reflects the company's assets, liabilities, and equity position at November 30, 2019. Overall, the company had a profitable year and a positive financial position.

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the trial Martin Technical Institute (MTI), a school owned by Lindsey Martin, provides training to individuals who pay tuition directly to the school. MTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2022, is found balance tab. MTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31 follow. a. An analysis of MTI's insurance policies shows that $2,400 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,240 are available at year-end. c. Annual depreciation on the equipment is $5,400. d. Annual depreciation on the professional library is $10,200. e. On November 1, MTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,600, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. f. On October 15, MTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $3,800 of the tuition has been earned by MTI. g. MTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $220 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December. Answer is not complete. General Requirement General Journal Trial Balance Income St of Retained Statement Earnings Balance Sheet Impact on income Ledger For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the drop-down.) Show less A Adjusted Account affecting the: Impact on net income Adjusting entry related to: Balance Sheet Income statement Insurance expense a. Insurance Prepaid insurance (2,400) Teaching supplies (3,240) b. Teaching supplies c. Depreciation - equipment Teaching supplies expense Depreciation expense - Equipment Accumulated depreciation - Equipment (5,400) Depreciation expense - Professional library Training fees earned Accumulated depreciation - Professional library (10,200) Unearned training fees (5,200) Tuition fees earned Accounts receivable 3,800 Salaries expense Salaries payable 880 Rent expense ✓Prepaid rent (3,800)✔ $ Had the adjustments not been prepared, income would have been overstated by < Balance Sheet Impact on income > d. Depreciation - library e. Training fees f. Tuition g. Salaries h. Rent Total impact on income due to adjustments Net income before adjustments Net income after adjustments ✔$ ✓ ✓ ✓ ✓ ✓ ✓ (25,560) 66,950 50,360 x 32.94%

Answers

The adjustments, income statement, balance sheet, and impact on net income for Martin Technical Institute (MTI) are discussed below: Adjusting Entry Income Statement Account Balance Sheet Account Impact on Net Income Insurance expense a.

Insurance Prepaid insurance ($2,400) Prepaid insurance Supplies ($3,240) b. Supplies Supplies Teaching supplies expense Depreciation - equipment Depreciation expense - Equipment Accumulated depreciation - Equipment ($5,400) Depreciation expense - Professional library Depreciation - library Training fees earned Unearned training fees ($5,200) Tuition fees earned Accounts receivable $3,800 Salaries expense Salaries payable $880 Rent expense Prepaid rent ($3,800) Total impact on income due to adjustments $ (25,560) Net income before adjustments $66,950 Net income after adjustments $50,360The adjusting entry for each account is given as follows:Insurance expense account: For the year ended December 31, 2022, the insurance policy on the property has expired.

The expired insurance coverage amounts to $2,400. So, the adjustment entry should be Insurance expense debit $2,400, and prepaid insurance credit $2,400.Supplies account: At the end of the year, MTI has teaching supplies on hand worth $3,240. So, the adjusting entry would be Supplies debit $3,240, and supplies expenses credit $3,240.Accumulated depreciation-equipment account: The depreciation expense on the equipment for the year is $5,400. So, the adjusting entry would be Depreciation expense-equipment debit $5,400 and accumulated depreciation-equipment credit $5,400.Accumulated depreciation-professional library account.

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b. What is the yield to maturity on a simple loan for $3 million that requires a repayment of $5 million in five years' time?

Answers

Yield to maturity is a measure of what an investor earns from a bond if it is held until its maturity date. It is also referred to as the redemption yield or yield to redemption.

Yield to maturity is the overall interest rate earned by an investor who purchases a bond and keeps it until its maturity date. The yield to maturity is determined by dividing the present value of the bond’s future cash flows by the bond’s price. The simple loan that requires a repayment of $5 million in five years' time, with an initial amount of $3 million, has a yield to maturity of 12.17%. The formula for yield to maturity is: P = M / (1 + i)^n where P is the price of the bond, M is the amount to be repaid, i is the yield to maturity, and n is the number of periods. By substituting the given values into the formula, we get: $3 million = $5 million / (1 + 0.1217)^5This can be simplified as: 0.1217 = [1 - (3/5)^(1/5)]/ (3/5)^(1/5)Thus, the yield to maturity on a simple loan for $3 million that requires a repayment of $5 million in five years' time is 12.17%. Hence, the investor would earn 12.17% annually if they purchased the bond and held it until maturity.

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A number of employees have complained that they don’t understand the performance review process and how they can improve their chances to advance in the Company.
• What is the issue?
• How would you handle it?

Answers

The issue is that a number of employees have complained that they don’t understand the performance review process and how they can improve their chances to advance in the Company.

The best way to handle the situation is to set up a meeting with all employees who have expressed their concerns. This meeting will be conducted with the aim of providing an in-depth explanation of the performance review process.The meeting will provide an opportunity for employees to ask questions regarding the review process. The goal is to ensure that everyone understands what is required for them to advance in the company. The meeting will also be an opportunity for the management to gather feedback from the employees on ways to improve the review process.The management team should also work towards ensuring that the review process is well-defined, transparent and easily understandable. The review process should be communicated to all employees before the start of the review cycle.

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The probability that Pete will catch fish on a particular day when he goes fishing is .8. Peter is going fishing 3 days. The variance of the number of days Pete will catch fish is

a. 48
b. 8
c. 2.4
d. 16

Answers

The probability that Pete will catch fish on a particular day when he goes fishing is .8. Peter is going fishing for 3 days. The variance of the number of days Pete will catch fish is 0.48. Therefore, option a) is correct.

To determine the variance of the number of days Pete will catch fish, we need to consider that the probability of catching fish on any given day is 0.8. Let's denote a successful day of catching fish as "1" and an unsuccessful day as "0."

We can model Pete's fishing days as a binomial distribution, where the probability of success (catching fish) is p = 0.8, and the number of trials is n = 3. The variance of a binomial distribution is given by the formula: Var(X) = np(1-p).

Using this formula, we can calculate the variance:

Var(X) = 3 * 0.8 * (1 - 0.8)

= 3 * 0.8 * 0.2

= 0.48

Therefore, the variance of the number of days Pete will catch fish over the three-day fishing trip is 0.48.

In conclusion, the correct answer is option a) 0.48. This variance indicates the spread or variability in the number of days Pete is expected to catch fish, based on the given probability of 0.8.

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Complete Question:

The probability that Pete will catch fish on a particular day when he goes fishing is .8. Peter is going fishing for 3 days. The variance of the number of days Pete will catch fish is?

a) 0.48

b) .8

c) 2.4

d) 0.16

The demand for winter boots is described by the following function: P = 200-8Qd- a. If the price is $168, what is the quantity demanded? b. If the price is $168, what is the total revenue? c. If the price is $152, what is the quantity demanded? d. If the price is $152, what is total revenue? e. Compute the price elasticity of demand between $168 and $152. f. How would you describe the demand curve in the price range $168-$152? g. If the price is $80, what is the quantity demanded? h. If the price is $80, what is total revenue? i. If the price is $64, what is the quantity demanded? j. If the price is $64, what is total revenue? k. Compute the price elasticity of demand between $80 and $64. 1. How would you describe the demand curve in the price range $80-$64? m. Considering the whole demand curve, for what price level is total revenue maximized? n. Compute the total revenue at that price level. o. What is the relationship between price elasticity of demand and total revenue along a linear demand curve?

Answers

We can determine the quantity demanded, total revenue, price elasticity of demand, and describe the demand curve for different price levels in the context of the winter boots market.

a. To find the quantity demanded when the price is $168, we can substitute the given price into the demand function and solve for Qd:

$168 = 200 - 8Qd

-8Qd = $168 - $200

-8Qd = -$32

Qd = 4

Therefore, the quantity demanded when the price is $168 is 4.

b. To calculate total revenue when the price is $168, we multiply the price by the quantity demanded:

Total Revenue = Price x Quantity Demanded

Total Revenue = $168 x 4

Total Revenue = $672

Therefore, the total revenue when the price is $168 is $672.

c. To find the quantity demanded when the price is $152, we can use the same approach as in part (a):

$152 = 200 - 8Qd

-8Qd = $152 - $200

-8Qd = -$48

Qd = 6

Therefore, the quantity demanded when the price is $152 is 6.

d. To calculate total revenue when the price is $152:

Total Revenue = Price x Quantity Demanded

Total Revenue = $152 x 6

Total Revenue = $912

Therefore, the total revenue when the price is $152 is $912.

e. The price elasticity of demand can be calculated using the formula:

Price Elasticity of Demand = (Percentage Change in Quantity Demanded) / (Percentage Change in Price)

First, we need to find the percentage change in quantity demanded:

Percentage Change in Quantity Demanded = [(New Quantity Demanded - Old Quantity Demanded) / Old Quantity Demanded] x 100

Percentage Change in Quantity Demanded = [(6 - 4) / 4] x 100

Percentage Change in Quantity Demanded = 50%

Next, we find the percentage change in price:

Percentage Change in Price = [(New Price - Old Price) / Old Price] x 100

Percentage Change in Price = [(152 - 168) / 168] x 100

Percentage Change in Price = -9.52%

Finally, we can calculate the price elasticity of demand:

Price Elasticity of Demand = (50% / -9.52%)

Price Elasticity of Demand ≈ -5.26

The price elasticity of demand between $168 and $152 is approximately -5.26, indicating an elastic demand.

f. The demand curve in the price range $168-$152 is relatively elastic, as indicated by the price elasticity of demand. A relatively small change in price leads to a relatively large change in the quantity demanded.

g. To find the quantity demanded when the price is $80:

$80 = 200 - 8Qd

-8Qd = $80 - $200

-8Qd = -$120

Qd = 15

Therefore, the quantity demanded when the price is $80 is 15.

h. To calculate total revenue when the price is $80:

Total Revenue = Price x Quantity Demanded

Total Revenue = $80 x 15

Total Revenue = $1,200

Therefore, the total revenue when the price is $80 is $1,200.

i. To find the quantity demanded when the price is $64:

$64 = 200 - 8Qd

-8Qd = $64 - $200

-8Qd = -$136

Qd = 17

Therefore, the quantity demanded when the price is $64 is 17.

j. To calculate total revenue when the price is $64:

Total Revenue = Price x Quantity Demanded

Total Revenue = $64 x 17

Total Revenue = $1,088

Therefore, the total revenue when the price is $64 is $1,088.

k. The price elasticity of demand between $80 and $64 can be calculated in a similar manner as in part (e):

Percentage Change in Quantity Demanded = [(17 - 15) / 15] x 100

Percentage Change in Quantity Demanded = 13.33%

Percentage Change in Price = [(64 - 80) / 80] x 100

Percentage Change in Price = -20%

Price Elasticity of Demand = (13.33% / -20%)

Price Elasticity of Demand ≈ -0.67

The price elasticity of demand between $80 and $64 is approximately -0.67, indicating an inelastic demand.

l. The demand curve in the price range $80-$64 is relatively inelastic, as indicated by the price elasticity of demand. A relatively large change in price leads to a relatively small change in quantity demanded.

m. Total revenue is maximized at the price level where demand is unit elastic, which occurs when the price elasticity of demand is equal to -1.

n. To find the price level at which total revenue is maximized, we need to calculate the price when the price elasticity of demand is -1. Unfortunately, the given information does not provide the necessary data to directly determine this price level.

o. Along a linear demand curve, the relationship between price elasticity of demand and total revenue is inverse. When demand is elastic (price elasticity greater than 1), a decrease in price leads to a proportionally larger increase in quantity demanded, resulting in an increase in total revenue. Conversely, when demand is inelastic (price elasticity less than 1), a decrease in price leads to a proportionally smaller increase in quantity demanded, resulting in a decrease in total revenue.

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Beleaguered State Bank (BSB) holds $400 million in deposits and maintains a reserve ratio of 10 percent.

Complete the following T-account for BSB.

Beleaguered State Bank
Assets Liabilities
Reserves ___________ million Deposits ___________ million
Loans ___________million
Now suppose that BSB's largest depositor withdraws $20 million in cash from her account. BSB decides to restore its reserve ratio by reducing the amount of loans outstanding.

Complete BSB's new T-account after it has taken this action.

Beleaguered State Bank
Assets Liabilities
Reserves___________million Deposits _____________million
Loans_____________ million
Because BSB is cutting back on its loans, other banks will find they have excess or insufficient? reserves, causing them to Increase or Decrease ? their loans.

BSB may find it difficult to cut back on its loans immediately because it cannot force people to pay off loans.

Which of the following ways represent an alternative for BSB to return to its original reserve ratio? Check all that apply.

Attract additional deposits

Borrow money from another bank

Lend money

Borrow money from the Fed

Answers

State Bank has $40 million in reserves and $400 million in deposits. After a $20 million withdrawal, reserves decrease to $20 million and deposits decrease to $380 million. The bank can increase reserves by attracting deposits, borrowing from another bank, or borrowing from the Fed. Thus, options a, b, and d are correct.

Completing the T-account for Beleaguered State Bank (BSB):

Beleaguered State Bank

Assets:

Reserves $40 million

Loans _____ million

Liabilities:

Deposits $400 million

Given that BSB has a reserve ratio of 10%, the reserve requirement for the $400 million in deposits would be $40 million (10% of $400 million). Therefore, the initial amount of reserves held by BSB is $40 million.

After the largest depositor withdraws $20 million in cash, BSB's new T-account would be as follows:

Beleaguered State Bank

Assets:

Reserves $20 million

Loans ______ million

Liabilities:

Deposits $380 million

BSB's reserves decrease to $20 million due to the withdrawal, while the deposits decrease to $380 million. As BSB aims to restore its reserve ratio, it can consider the following alternatives:

a. Attract additional deposits: By encouraging customers to make new deposits, BSB can increase its reserves and restore the desired reserve ratio.

b. Borrow money from another bank: BSB can borrow funds from another bank, which would increase its reserves and help meet the reserve ratio requirement.

c. Lend money: This option would involve extending new loans to borrowers, which would increase the asset side of the balance sheet and potentially increase reserves.

d. Borrow money from the Fed: BSB can borrow funds from the Federal Reserve, which would provide an injection of reserves to help restore the reserve ratio.

In conclusion, options a, b, and d represent alternatives for BSB to return to its original reserve ratio. By attracting additional deposits, borrowing from another bank, or borrowing from the Fed, BSB can increase its reserves and meet the reserve requirement.

However, lending money alone would not directly help BSB restore its reserve ratio unless it leads to an increase in deposits or borrowing from other sources.

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19. The inverted yield curve is used to predict recessions.
Explain what an inversion of the yield curve means.

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An inversion of the yield curve refers to a situation where short-term interest rates on government bonds become higher than long-term interest rates. It is often seen as a predictor of recessions, signaling concerns about the future economic outlook.

The yield curve represents the relationship between the interest rates and the maturity periods of government bonds. Under normal circumstances, longer-term bonds tend to have higher interest rates compared to shorter-term bonds due to the higher risks associated with longer-term investments. This results in an upward-sloping yield curve.

However, when the yield curve inverts, it means that short-term interest rates surpass long-term interest rates. This inversion typically occurs when investors anticipate economic challenges and uncertainty in the future. It can reflect a pessimistic outlook on economic growth, inflation, and monetary policy.

An inverted yield curve is seen as a potential predictor of recessions because it has been historically observed that recessions often follow such inversions. It suggests that investors have less confidence in the short-term economic outlook and are seeking the relative safety of longer-term bonds. This behavior may be driven by expectations of future interest rate cuts by central banks to stimulate the economy in response to an anticipated slowdown.

The inversion of the yield curve is closely monitored by economists, policymakers, and investors as it can provide valuable insights into market sentiment and economic expectations. However, it is important to note that while an inverted yield curve has often been associated with recessions in the past, it does not guarantee a recession will occur. Other factors and indicators need to be considered to assess the overall health and direction of the economy.

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nareh began the year with a tax basis of $20,000 in her partnership interest. her share of partnership liabilities consists of $10,000 of recourse liabilities and $13,000 of nonrecourse liabilities at the beginning of the year and $10,000 of recourse liabilities and $15,000 of nonrecourse liabilities at the end of the year. during the year, she was allocated $37,000 of partnership ordinary business loss. nareh does not materially participate in this partnership, and she has $2,000 of passive income from other sources. a. How much of Jenna's loss is limited by her tax basis? Loss limited by her tax basis b. How much of Jenna's loss is limited by her at-risk amount? Loss limited by her at-risk amount C. How much of Jenna's loss is limited by the passive activity loss rules? Loss limited by the passive activity loss rules

Answers

Passive income from other sources is given below.

a. Loss limited by Jenna's tax basis:

Jenna started the year with a tax basis of $20,000.

She did not contribute any new money during the year.

As a result, the starting tax basis of $20,000 will be reduced by her share of the partnership's loss, which is $37,000.

Jenna's loss is limited to her tax basis, which is $20,000, therefore, $17,000 of the loss is limited by Jenna's tax basis.

b. Loss limited by Jenna's at-risk amount:

Jenna had $10,000 in recourse liabilities and $13,000 in non recourse liabilities at the start of the year.

She contributed no new money to the partnership throughout the year, so her beginning balance of $23,000 in at-risk liabilities will be decreased by the allocated share of losses, which is $37,000.

Jenna's total at-risk amount is limited to $23,000; as a result, her loss is restricted by her at-risk amount, which is $23,000, and the $14,000 excess loss over her at-risk amount is carried forward to the following year.

c. Loss limited by the passive activity loss rules:

Jenna's passive income from other sources is $2,000.

Her share of the partnership's loss is $37,000.

Jenna can use up to $2,000 of the loss to offset her passive income since she has a $2,000 passive income, but the remaining $35,000 of her loss is restricted.  

Jenna may carry forward any excess loss that is not allowed this year under the passive activity loss rules.

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Consider a two-firm model with a negative production externality. Let xi denote firm i ’s output, with i = 1, 2 . Suppose that two firms operate in two different competitive markets and each firm sells its product in its respective competitive market, at the prices p1 = 100 and p2 = 150 , respectively, and that they face the same direct production cost cixi=xi22 . Let ex1,x2=x1x2 be the external cost on firm 2’s activity generated by the production of firm 1.

Find each firm’s best response function to the output set by the other firm and compute the Nash equilibrium assuming that firms choose their output non-cooperatively and independently. Illustrate the equilibrium in an appropriate graph. [10 marks]
Calculate each firm’s equilibrium profits and the total external cost imposed on firm 2. [5 marks]
Consider a two-firm model with a negative production externality. Let xi denote firm i ’s output, with i = 1, 2 . Suppose that two firms operate in two different competitive markets and each firm sells its product in its respective competitive market, at the prices p1 = 100 and p2 = 150 , respectively, and that they face the same direct production cost cixi=xi22 . Let ex1,x2=x1x2 be the external cost on firm 2’s activity generated by the production of firm 1.

Find each firm’s best response function to the output set by the other firm and compute the Nash equilibrium assuming that firms choose their output non-cooperatively and independently. Illustrate the equilibrium in an appropriate graph. [10 marks]

Answers

To find each firm's best response function and compute the Nash equilibrium, we need to analyze the strategic interaction between the two firms. In this two-firm model with a negative production externality, let xi denote firm i's output, with i = 1, 2. The prices in their respective competitive markets are p1 = 100 and p2 = 150, and the direct production cost for each firm is cixi = xi^2/2. The external cost on firm 2's activity generated by firm 1's production is ex1,x2 = x1x2.

To determine each firm's best response to the output set by the other firm, we need to find the output level that maximizes each firm's profit given the output level of the other firm. We can set up the following optimization problems for each firm:

Firm 1's optimization problem:

Maximize π1 = p1x1 - c1x1 - ex1,x2

Firm 2's optimization problem:

Maximize π2 = p2x2 - c2x2

By taking the first-order derivative of each firm's profit function with respect to their respective output, we can find their best response functions. The best response function for firm 1 is given by:

BR1(x2) = argmax π1 = argmax (p1x1 - c1x1 - ex1,x2) = (p1 - c1 - ex1,x2) / 2

Similarly, the best response function for firm 2 is given by:

BR2(x1) = argmax π2 = argmax (p2x2 - c2x2) = (p2 - c2 - ex2,x1) / 2

To compute the Nash equilibrium, we need to find the intersection of the best response functions. By setting BR1(x2) = x1 and BR2(x1) = x2, we can solve for the equilibrium output levels of both firms.

Now, let's illustrate the equilibrium in an appropriate graph. We can plot the output levels of both firms on the x-axis and the profits on the y-axis. The graph will show the best response functions for each firm and the intersection point representing the Nash equilibrium.

In the graph, the best response functions will be downward-sloping lines representing the optimal output choices for each firm given the output of the other firm. The intersection point will indicate the Nash equilibrium, where both firms' output choices are mutually optimal.

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Statement for both assignment One and Two Kwazulu-Natal, a coastal South African province, is known for its beaches, mountains and savannah populated by big game. The safari destination Hluhluwe-iMfolozi Park, in the northeast, is home to black and white rhinos, lions and giraffes. Durban is an Indian-influenced harbor city and a popular surfing spot. Cultural villages around the town of Eshowe showcase the traditions of the indigenous Zulu people. Having mentioned the few you are also aware f the current political unrest that need to be taken into consideration. Assignment One Select a Namibian company with a specific product of your choice that is entering the South African market Kwazulu-Natal in Pietermaritzburg. As a marketing strategist you are required to critically analyze the general environmental factors how they may influence or help your product to penetrate the said target market.

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As a marketing strategist analyzing the general environmental factors that may influence the penetration of a Namibian company's product in the Kwazulu-Natal market, the following factors need to be considered:

Economic Factors: Assess the economic conditions of Kwazulu-Natal, including factors such as GDP growth, income levels, and consumer spending patterns. These factors will determine the purchasing power and affordability of the target market for the product.

Socio-Cultural Factors: Consider the socio-cultural aspects of the Kwazulu-Natal region, including cultural preferences, lifestyle choices, and consumer behavior. Understanding the local culture and values will help tailor the marketing strategies to resonate with the target audience.

Political and Legal Factors: Take into account the political stability and legal framework in Kwazulu-Natal. The current political unrest should be carefully considered to understand its potential impact on business operations, regulations, and market stability.

Technological Factors: Evaluate the level of technological infrastructure and digital adoption in Kwazulu-Natal. This will influence the product's marketing and distribution channels, as well as opportunities for innovation and technological advancements.

Environmental Factors: Consider the environmental factors specific to Kwazulu-Natal, such as climate, natural resources, and environmental regulations. These factors may impact the product's suitability, sustainability, and compliance with local environmental standards.

Competitive Factors: Analyze the competitive landscape in the target market. Identify existing competitors, their market share, pricing strategies, and product differentiation. This analysis will help determine how the product can differentiate itself and gain a competitive advantage.

Market Entry Barriers: Identify any specific market entry barriers, such as trade restrictions, tariffs, or legal requirements for foreign companies entering the South African market. Understanding these barriers will inform the market entry strategy and potential challenges to be overcome.

By critically analyzing these general environmental factors, the marketing strategist can gain insights into how the Namibian company's product can effectively penetrate the Kwazulu-Natal market in Pietermaritzburg. The analysis will help identify opportunities, assess risks, and develop tailored marketing strategies that align with the local market dynamics and consumer preferences.

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OBJ. 2,3 PR 11-3A Wage and tax statement data on employer FICA tax Ehrlich Co. began business on January 2, 20Y8. Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal income tax were withheld in the required amounts. An employee who is hired in the middle of the month receives half the monthly salary for that month. All required payroll tax reports were filed, and the correct amount of payroll taxes was remitted by the company for the calendar year. Early in 20Y9, before the Wage and Tax Statements (Form W-2) could be prepared for distribution to employees and for filing with the Social Security Administra- tion, the employees' earnings records were inadvertently destroyed. None of the employees resigned or were discharged during the year, and there were no changes in salary rates. The social security tax was withheld at the rate of 6.0% and Medicare tax at the rate of 1.5%. Data on dates of employment, salary rates, and em- ployees' income taxes withheld, which are summarized as follows, were obtained from personnel records and payroll records: Employee Arnett Cruz Edwards Harvin Nicks Shiancoe Ward Date Employed Nov. 16 Jan. 2 Oct. 1 Dec. 1 Feb. 1 Mar. 1 Nov. 16 Gross Earnings Monthly Salary Federal Income Tax Withheld $ 5,500 4,800 8,000 6,000 10,000 11,600 5,220 Monthly Income Tax Withheld $ 944 833 Instructions 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for 20Y8, arranging the data in the following form: 1,592 1,070 2,350 2,600 876 Social Security Tax Withheld Medicare Tax Withheld Employee 2. Calculate the following employer payroll taxes for the year: (a) social security; (b) Medicare; (c) state unemployment compensation at 5.4% on the first $10,000 of each employee's earnings; (d) federal unemployment compensation at 0.6% on the first $10,000 of each employee's earnings; (e) total. a. b. Employee e. Arnett Cruz Edwards Harvin Nicks Shiancoe Ward Totals c. and d. Social security tax paid by employer Medicare tax paid by employer Employee Arnett Cruz Amounts to Be Reported on Wage and Tax Statements (Form W-2) Gross Earnings Federal Income Tax Withheld Edwards Harvin Nicks Shiancoe Ward Total SUTA/FUTA Earnings Total employer payroll taxes Employer Payroll Taxes Social Security Tax Withheld State unemployment compensation tax Federal unemployment compensation tax Medicare Tax Withheld [1

Answers

Amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for 20Y8Employee Gross Earnings Social Security Tax Withheld Medicare Tax.

Withheld Federal Income Tax With held Arnett Cruz $5,500 $330 $82 $944Edwards $4,800 $288 $72 $833Harvin $8,000 $480 $120 $2,350Nicks $6,000 $360 $90 $2,600Shiancoe $10,000 $600 $150 $876Ward $11,600 $696 $174 $5,2202.

(a) Social security tax paid by employer = Total social security tax withheld × 2 = $1,854

(b) Medicare tax paid by employer = Total Medicare tax withheld × 2 = $462

(c) State unemployment compensation tax = Total SUTA Earnings × SUTA rate = $10,000 × 5.4% = $540

(d) Federal unemployment compensation tax = Total FUTA Earnings × FUTA rate = $10,000 × 0.6% = $60

(e) Total employer payroll taxes = Social security tax paid by employer + Medicare tax paid by employer + State unemployment compensation tax + Federal unemployment compensation tax = $1,854 + $462 + $540 + $60 = $2,916.

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Game therory True or False, and Why
(a) Say that we are looking at a two player normal form game which represents a situation in which both players make their choices simultaneously. It is possible for Normal Form Rationalizability and Extensive Form Rationalizability to make different predictions for this game.
(b) A rational agent will not play a weakly dominated strategy.
(c) A Nash equilibrium of the stage game must be played in every period of a SGPNE of a FINITELY repeated game.
(d) The iterated deletion of weakly dominated strategies is an order independent procedure.
(e) In an alternating offers bargaining game, the agent who makes the first offer always gets a larger share of the pie.

Answers

(a) True. When we look at a two-player normal form game that shows a situation where both the players make their choice at the same time, it is possible for Normal Form Rationalizability and Extensive Form Rationalizability to make different predictions for this game. Both these rationality concepts may result in different predictions for a given game. The reason for this is that different solution concepts are appropriate in different situations.

(b) True. An agent who is rational will not play a weakly dominated strategy. This is because a weakly dominated strategy will always produce a worse outcome than another strategy that the agent could choose to play.

(c) True. A Nash equilibrium of the stage game must be played in every period of a subgame perfect Nash equilibrium of a finitely repeated game.(d) True. The iterated deletion of weakly dominated strategies is an order-independent process. This is because the order in which the strategies are removed does not have an effect on the result.

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The manufacture of paint requires the production of the base, mixing of suitable colors, and packing. Until the 1980s, all these processes were performed in large factories, and paint cans were shipped to stores. Given the uncertainty of demand, though, the paint supply chain had great difficulty matching supply and demand. In the 1990s, paint supply chains were restructured so mixing of colors was done at retail stores after customers placed their orders. The result is that customers are always able to get the color of their choice, whereas total paint inventories across the supply chain have declined. The paint industry provides an excellent example of (Select all correct answers) the value of postponement. the gains from suitably adjusting the push/pull boundary. the cycle view of supply chain processes. the benefits of risk pooling,

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The paint industry provides an excellent example of the gains from suitably adjusting the push/pull boundary. and the value of postponement. The supply chain for paint production involves the production of the base, mixing of suitable colors, and packing.

The paint industry provides an excellent example of the gains from suitably adjusting the push/pull boundary. and the value of postponement. The supply chain for paint production involves the production of the base, mixing of suitable colors, and packing. Previously, all these processes were performed in large factories, and paint cans were shipped to stores. However, the uncertainty of demand made it difficult to match supply and demand. During the 1990s, paint supply chains were restructured so that mixing of colors was done at retail stores after customers placed their orders. As a result, customers could always get the color of their choice, whereas total paint inventories across the supply chain declined.
Adjusting the push/pull boundary can help a company gain a competitive advantage by striking a balance between being responsive to demand while still minimizing costs. Push-based systems prioritize production based on forecasts and inventory levels, whereas pull-based systems prioritize production based on actual customer demand.
Postponement refers to the delay of any final product differentiation until the last possible moment. This allows companies to respond more effectively to customer demands and reduces the risk of having unsold inventory.
In conclusion, the paint industry's restructuring demonstrated the value of postponement and the gains from suitably adjusting the push/pull boundary. By adjusting their supply chain processes, paint manufacturers were able to reduce total inventories while still meeting customer demand for a wide range of color options.

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Steps in the Strategic Management Process Strategic management involves managers from all parts of the organization in the formulation and implementation of strategic goals and strategies. Traditionally, strategic planning emphasized a top-down approach with senior executives developing goals and plans for the entire organization. Currently, many senior executives are involving managers throughout the organization in the strategy formation process. All levels of the organization must be involved in idea generation and innovation to remain competitive. It integrates strategic planning and management into a single process. Strategic planning should be an ongoing activity in which all managers are encouraged to focus on both long-term, externally oriented issues as well as short-term tactical and operational issues. Courtney's Cookies, a gourmet cookie company, was founded by Courtney Ashly with the idea of bringing gourmet cookies to the masses at a reasonable price point. The company has been in business for 5 years and is positioned for a change. Its top competitor, Miss Meadow's Cookies, has higher brand recognition and a large share in the cookie market. Courtney has substantial financial resources, which will enable her to have a cookie kiosk on almost every street corner in New York City. She will also be able to purchase her ingredients in bulk, resulting in greater profit margins. Based on these factors, Courtney gets the necessary permits and begins positioning her kiosks on the first 10 street corners and signs purchase orders for supplies to begin baking. She will monitor the customer traffic and sales at each kiosk to determine where to place her next 10 kiosks. The goal of this activity is to explain the strategic management process. This activity is important because it demonstrates that all managers should focus on both long-term, externally-oriented issues as well as short-term tactical and operational issues. Match the fact in the case that corresponds to the stage in the Strategic Management Process. Skilled managersand unreliable suppliers Step of the Strategic Management Process Mission, vision, and goals Kiosks on ten street corners Substantial financial resources External opportunities and threats Internal strengths and weaknesses SWOT analysis and strategy formulation Cookies for the masses Strategy implementation Monitor customertraffic and sales Strategic control Miss Meadow's cookies

Answers

The Strategic Management Process involves step 1: Mission, Vision, and Goals Step 2: External Opportunities and Threats Step 3: Internal Strengths and Weaknesses Step 4: SWOT Analysis and Strategy Formulation

The steps include the following:

Step 1: Mission, Vision, and Goals Step 2: External Opportunities and Threats Step 3: Internal Strengths and Weaknesses Step 4: SWOT Analysis and Strategy Formulation Step 5: Strategy Implementation Step 6: Monitor Customer Traffic and Sales Step 7: Strategic Controlling the given case study, Courtney's Cookies, a gourmet cookie company, is in a good position to expand its business in the cookie market.

The company has been in business for 5 years and is positioned for a change. Its top competitor, Miss Meadow's Cookies, has higher brand recognition and a large share in the cookie market. Based on the company's substantial financial resources, Courtney can position kiosks on the first 10 street corners and sign purchase orders for supplies to begin baking. She will monitor the customer traffic and sales at each kiosk to determine where to place her next 10 kiosks.

The following is the matching of the fact in the case that corresponds to the stage in the Strategic Management Process: Skilled managers and unreliable suppliers - Internal strengths and weaknesses Mission, vision, and goals - Step of the Strategic Management Process Kiosks on ten street corners - Strategy implementation Substantial financial resources - External opportunities and threats External opportunities and threats - Step of the Strategic Management Process Internal strengths and weaknesses - SWOT analysis and strategy formulation SWOT analysis and strategy formulation - Step of the Strategic Management Process Cookies for the masses - Mission, vision, and goals Strategy implementation - Step of the Strategic Management Process Monitor customer traffic and sales - Strategic control Miss Meadow's cookies - External opportunities and threats

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.If a firm has no excess capacity, which of the following is a sensible bidding strategy?

set a price to cover only the variable costs

set a price to cover only the fixed costs

set a price to minimize tax liability

set a price to cover variable costs (at a minimum) including opportunity cost

Answers

If a firm has no excess capacity, a sensible bidding strategy would be to set a price to cover variable costs (at a minimum), including opportunity cost.

When a firm has no excess capacity, it means that all of its resources are fully utilized. In such a scenario, the firm's objective should be to at least cover its variable costs to avoid incurring losses. Variable costs are costs that vary directly with the level of production or sales, such as direct materials and direct labor. By setting a price that covers variable costs, the firm ensures that it is covering the direct costs associated with producing and delivering the product or service.

In addition to variable costs, including opportunity cost in the pricing strategy is important. Opportunity cost refers to the value of the next best alternative foregone when a decision is made. By considering opportunity cost, the firm takes into account the potential revenue it could have earned by allocating its resources to alternative uses. Setting a price to cover variable costs, including opportunity cost, ensures that the firm is not only covering its immediate expenses but also accounting for the potential value lost by utilizing its resources in a particular project.

Setting a price to cover only fixed costs or minimizing tax liability may not be a sensible bidding strategy in this scenario, as it does not take into account the variable costs and opportunity cost associated with the project.

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An issue of preferred stock is paying an annual dividend of $5. The growth rate for the firm's common stock is 14%. What is the preferred stock price if the required rate of return is 11%?

A. $45.45 B. $41.67 C. $35.71 D. $31.45

Answers

Preferred Stock Price ≈ -$166.67

To determine the preferred stock price, we can use the Gordon Growth Model, which is commonly used to value stocks that have constant dividend growth rates. The formula for the Gordon Growth Model is:

Preferred Stock Price = Dividend / (Required Rate of Return - Dividend Growth Rate)

In this case, the annual dividend is $5, the required rate of return is 11%, and the growth rate for the firm's common stock is 14%.

Preferred Stock Price = $5 / (0.11 - 0.14)

Preferred Stock Price = $5 / (-0.03)

Preferred Stock Price ≈ -$166.67

Since the resulting value is negative, it suggests an error or an impractical scenario. However, based on the answer options provided, it appears that there may be an error in the given information or options. Please verify the data or refer to the correct information to determine the preferred stock price accurately.

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Here, you are expected to conduct an interview with any professional working in the insurance sector and try to obtain the following information
PLEASE ANSWER SEPARATELY
1. What is insurance and what all types of insurance are offered by the company? (2 Marks)
2. How insurance premium is fixed for different policies? Which all factors affect the mathematics behind fixing an insurance premium? (3 Marks)
3. Discuss the preference for different insurance policies by customers in Oman? How companies are reaching customers and trying to enlarge the policy holders base in future? (2 Marks)
200 words each.

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1. Insurance is a mechanism for spreading the risk of loss from an individual or business entity to a large group of people or business entities in the event of an unfortunate or unpredictable event that causes a loss.Types of insurance offered by companies may include but are not limited to, home insurance, automobile insurance, health insurance, life insurance, and business insurance.
2. The premium is based on the type of policy, risk coverage, and other risk factors. Actuaries use statistical models and mathematical computations to determine the likelihood of an event occurring and the cost of a claim. Premiums are based on several factors, such as the type of policy, risk coverage, and risk factors such as age, gender, location, previous claims history, and other factors that affect the likelihood of an event occurring. These factors are used to determine the likelihood of a claim being made and the expected cost of a claim.


3. Different insurance policies are preferred by customers depending on their needs and requirements. For instance, health insurance, life insurance, and motor insurance policies are some of the most popular insurance policies in Oman. The companies are reaching customers through various marketing strategies such as digital marketing, social media, and traditional advertising methods like TV commercials, billboards, and radio ads. They also try to enlarge the policyholder base by offering discounts, creating customized products, and improving customer service. By creating customer-friendly insurance products and providing excellent customer service, insurance companies in Oman are expanding their reach and increasing their customer base.

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In Week 2, you reviewed the lecture, ‘Risk/Opportunity Management,’ and discussed this technique from the perspective of using it to identify potential projects to help an organization either avoid risk or exploit an opportunity. This week’s lecture revisited some of those concepts and applied them in a different way.

With those lectures in mind, along with material from the Gido text, identify three things that you think might be a risk to the project you proposed during Week 4. Describe each risk, assess it in terms of impact and likelihood of occurring, and suggest a response for each. (Note: You can recycle this as a part of your Project Management Plan deliverables!)

Answers

The proposed project faces technical risks, stakeholder resistance, and budgetary constraints. Mitigation strategies include thorough technical assessment, change management, and effective budget planning and control.

Risk Identification for Proposed Project:

Technical Risk:

Description: The project involves implementing a new software system, which may pose technical challenges such as compatibility issues, system integration problems, or inadequate infrastructure.

Impact: If technical issues arise, they can delay the project timeline, increase costs, and hinder the successful implementation of the new system.

Likelihood: Moderate. While the organization has experience with similar projects, the complexity of the new software system introduces a level of uncertainty.

Response: Conduct a thorough technical assessment before initiating the project to identify potential issues. Allocate sufficient resources for testing and quality assurance. Engage IT experts or consultants to provide guidance and support throughout the implementation process.

Stakeholder Resistance:

Description: The proposed project may face resistance from stakeholders, including employees, who may be resistant to change or fear the impact on their roles or job security.

Impact: Stakeholder resistance can hinder project progress, cause delays, and result in low user adoption rates, limiting the project's overall success.

Likelihood: High. Organizational changes often face resistance, and without proper change management strategies, stakeholders may be reluctant to embrace the project.

Response: Implement a robust change management plan that includes clear communication, stakeholder engagement, and training programs. Address concerns and involve stakeholders in the decision-making process to increase buy-in and reduce resistance.

Budgetary Constraints:

Description: Limited budget allocation for the project may pose challenges in achieving project goals and meeting all requirements.

Impact: Insufficient funding can lead to compromises in quality, reduced scope, or delays in implementation, ultimately affecting project success.

Likelihood: High. Many projects face budget limitations, and it is crucial to manage resources effectively within the allocated budget.

Response: Conduct a comprehensive cost estimation and budget planning exercise at the beginning of the project. Implement strict financial controls and regularly monitor and track expenses. Prioritize project activities to focus on critical deliverables within the available budget. Explore potential cost-saving measures or alternative funding sources if needed.

By identifying and assessing these risks, the project team can proactively plan and implement appropriate responses to mitigate their potential negative impacts. Including these risk assessments and response strategies in the Project Management Plan ensures that the project is well-prepared to address challenges and increases the likelihood of a successful outcome.

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Ed's construction company has the following short-run cost function: 19³ - 8q2² + 38q. What is the minimum average cost?

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The minimum average cost is 16,166.67/q according to Ed's construction company has the following short-run cost function: 19³ - 8q2² + 38q.

Given that, the short-run cost function of Ed's construction company is:19³ - 8q² + 38q, Let's find the Total Cost function from the given short-run cost function. We know that: Average Cost = Total Cost / Quantity (q)Total Cost = 19³ - 8q² + 38q Dividing both numerator and denominator by q, we get, Total Cost = (19³/q) - 8q + 38

Taking the first derivative with respect to q, we get (Total Cost)/dq = -19³/q² - 8 + 38 Equating the above equation to zero, we get-19³/q² + 30 = 0-19³/q² = -30q² = 19³/30 Substituting q² = 19³/30 in the Total Cost function, we get, Total Cost = (19³/q) - 8q + 38Total Cost = (19³ / √(30³) )- 8 (√(19³/30)) + 38On solving this, we get total Cost = 16,166.67Minimum Average cost = Total Cost / Quantity(q) Minimum Average cost = 16,166.67/answer: The minimum average cost is 16,166.67/q.

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Suppose you are applying for a summer intern of a Chinesemanufacturer making quality high-tech products for international markets. The manufacturer is concerned about its sustainability and would like to implement Total Quality Management (TQM) and Lean Management for itsoperations. During the intern job interview, you are asked to answer the following questions.
(a) "Share with us ALL what you know about TQM."

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Total Quality Management (TQM) is a management philosophy that aims to achieve customer satisfaction through continuous improvement. It is a comprehensive approach that involves all employees in the organization.

TQM seeks to improve all aspects of an organization's operations and processes, including product quality, customer service, employee satisfaction, and financial performance.

TQM is based on the following principles:

1. Customer focus: TQM is customer-oriented.

Organizations should listen to their customers, understand their needs, and work to meet or exceed their expectations.

2. Continuous improvement: TQM involves continuous improvement in all aspects of an organization's operations.

It is an ongoing process that requires commitment and dedication from all employees.

3. Employee involvement: TQM requires the involvement of all employees in the organization.

Everyone is responsible for contributing to the improvement of the organization.

4. Process improvement: TQM focuses on improving processes rather than fixing problems.

It is a proactive approach to quality management.

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2. A small open economy is described by the following equations: C = 50+0.75 (Y-T) I= 200-20r NX = 200-50€ M/P= Y-40r G= 200 T= 200 M= 3,000 P=3 r* = 5 Use the equilibrium exchange rate, income, and net exports you calculated in problem set 4. Assume a fixed exchange rate. Calculate what happens to the exchange rate, income, net exports, and the money supply if the government increases its spending by 50. Use a graph to explain what you find. 4. The Mundell-Fleming model takes the world interest rate r* as an exogenous variable. Let's consider what happens when this variable changes. a. If the economy has a fixed exchange rate, what happens to aggregate income, the exchange rate, and the trade balance when the world interest rate rises?

Answers

Part 1 In a small open economy, the following equations describe: C = 50+0.75 (Y-T) I= 200-20r NX = 200-50€ M/P= Y-40r G= 200 T= 200 M= 3,000 P=3 r* = 5

According to the problem, the equilibrium exchange rate, income, and net exports were calculated in problem set 4. A fixed exchange rate is assumed. If the government increases its spending by 50, the exchange rate, income, net exports, and money supply will change.

The explanation is as follows:

Exchange Rate: Increase in government spending, given a fixed exchange rate, will cause the equilibrium interest rate to increase. Due to the interest rate effect, the demand for domestic assets increases and causes the exchange rate to appreciate.

Income: With an increase in government spending, the income level will increase. Therefore, the economy will shift upwards in the income-expenditure diagram. It implies that the equilibrium level of national income (Y*) has increased.

Net Exports: With an increase in government spending, the national income and demand for imports rise. The increase in demand for imports results in a decrease in net exports.

Money Supply: Increase in government spending will lead to an increase in money demand.

However, since the money supply is fixed, there will be an excess demand for money. Thus, the interest rate will increase. This increase in interest rates will increase the demand for the domestic currency, thereby causing the exchange rate to appreciate.

Part 2 If the world interest rate (r*) increases, the changes that happen in an economy with fixed exchange rates can be explained using the Mundell-Fleming model. The effects are described below:

Aggregate Income: When the world interest rate (r*) rises, investment spending and net exports reduce.

It causes a decrease in aggregate demand and real GDP.

Exchange Rate: When the world interest rate (r*) rises, the demand for domestic currency increases. As a result, the exchange rate appreciates. When the exchange rate increases, net exports fall.

Trade Balance: Due to a rise in the world interest rate (r*), the economy's net exports and the trade balance decline.

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4) [20 points] Consider a survival game in which members of a large population of animals meet in pairs and either fight over or share a food source. There are two phenotypes in the population: One always fights, and the other always shares. For the purpose of this question, assume that no other mutant types can arise in the population. Suppose that the value of the food source is 200 calories, and that caloric intake determines each player's fitness. If two sharing types meet one another, they each get half the food, but if a sharer meets a fighter, the sharer concedes immediately, and the fighter gets all the food. a) [10 points) Suppose that the cost of a fight is 50 calories (for each fighter) and that when two fighters meet, each is equally likely to win the fight and get the food or to lose and get no food. i. Draw the payoff table for the game played between two random players from this population. ii. Find all the evolutionarily stable strategies in the population. Check for pure strategies as well as mixed strategies. iii. What type of game is being played in this case? b) [10 points] Now suppose that the cost of a fight is 150 calories for each fighter. As before, assume that when two fighters meet, each is equally likely to win the fight and get the food or to lose and get no food. i. Draw the payoff table for the game played between two random players from this population. ii. Find all the evolutionarily stable strategies in the population. Check for pure strategies as well as mixed strategies. iii. What type of game is being played in this case?

Answers

a) In the given scenario where the cost of a fight is 50 calories, the payoff table for the game played between two random players can be drawn. By analyzing the table, we can identify the evolutionarily stable strategies in the population, considering both pure and mixed strategies. The type of game being played in this case can also be determined.

b) Now, if the cost of a fight is increased to 150 calories, a new payoff table can be constructed. The evolutionarily stable strategies, including pure and mixed strategies, can be determined. The type of game being played in this scenario can also be identified.

a) In the first case where the cost of a fight is 50 calories, the payoff table will have different values depending on the interactions between sharers and fighters. By analyzing the table, we can identify the evolutionarily stable strategies. These strategies will be the ones that, when adopted by a large portion of the population, cannot be invaded by any other strategy. The game being played in this case is a mixed-strategy game since the outcome depends on the probabilities of winning or losing a fight.

b) In the second case where the cost of a fight is 150 calories, the payoff table will change due to the increased cost. By examining the new table, we can identify the evolutionarily stable strategies. In this scenario, the game is still a mixed-strategy game as the outcome depends on the probabilities of winning or losing a fight.

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In 2020, XYZ Auto Insurance ran a marketing campaign to boost its customer pool from 100,000 to
105,000 customers, using a series of commercials on local TV networks and mailing to its prospective
100,000 customers. The company allocated $1,000,000 as the campaign’s budget but ended up
spending $1,200,000 in 2020. However, the company was only able to gain 3,000 new customers. On
the other hand, the company lost 250 customers every month during the same period. At the same
time, XYZ increased its annual customer maintenance budget by $1,000,000 to $5,000,000 to improve
customer care for its existing customers. A newly acquired customer’s average annual insurance
premium is roughly $350 per year, and the average interest rate that XYZ pays to its primary bank,
Delta, is 5%.
A.) What is the CLV of an average customer acquired in 2020 for the next 5 years?
B.) For XYZ to make a profit, at least how long must a customer be kept?
PLEASE SHOW ALL WORK, USUALLY EXCEL IS USED

Answers

XYZ Auto Insurance will lose $312.5 for every customer it acquires in 2020 and keeps for the next 5 years.XYZ Auto Insurance must keep a customer for at least 23 years to make a profit.

A) The average customer's CLV (Customer Lifetime Value) acquired in 2020 for the next 5 years can be calculated as follows:

We know that the average insurance premium paid by a customer per year is $350, and the average interest rate paid by XYZ to its primary bank, Delta, is 5%.Thus, the amount that XYZ Auto Insurance earns from an average customer per year is:

$350 * 5% = $17.5

The net revenue per customer over the next 5 years is:

$17.5 * 5 = $87.5

The customer acquisition cost (CAC) can be calculated by dividing the total marketing campaign cost by the number of new customers:

$1,200,000 / 3,000 = $400

The CLV of an average customer can be calculated by subtracting the CAC from the net revenue per customer:

$87.5 - $400 = -$312.5

This means that on average, XYZ Auto Insurance will lose $312.5 for every customer it acquires in 2020 and keeps for the next 5 years.

B) For XYZ Auto Insurance to make a profit, a customer must be kept for more than 11 years. This can be calculated by dividing the CAC by the net revenue per year:

$400 / $17.5 = 22.85 years

Since customers can't be kept for fractional years, the answer is 23 years. Therefore, XYZ Auto Insurance must keep a customer for at least 23 years to make a profit.

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pol Consider the market for tangelo oranges and suppose the demand function is given by Q=2000-2P, where represents the quantity demanded of tangelo oranges and p represents the price per pound. Suppose the supply function is given by Q=3P. where Q represents the quantity supplied. Find the equilibrium quantity and price of tangelo oranges in the market. d O a. Equilibrium price and quantity are, respectively, P=400, Q = 1200- O b. Equilibrium price and quantity are, respectively, P=500, Q=500. O c. Equilibrium price and quantity are, respectively, P= 1000, Q=300. O d. Equilibrium price and quantity are, respectively, P=425, Q=925 QUESTION 3 Suppose the population's income increases, shifting the demand curve to the right. Now the demand curve for tangelo oranges becomes Q-4000-2P. The supply curve remains the same. Q=3P. The new equilibrium price and quantity in the market are: O a. P=800, Q=2400. O b. p=2200, Q=1100. OCP=500, Q=500. O d. P=100, Q=250. 10 poi

Answers

The correct option is (A) P = 800, Q = 2400. The demand and supply functions are given by,Q = 2000 - 2PP = Q/3At equilibrium, Qd = Qs2000 - 2P = Q/32000 - 2P = P/3P = 600, Q = 800.

Suppose the demand curve shifts to Q = 4000 - 2P when income increases, the new equilibrium price and quantity are given by:

Qd = 4000 - 2PQs = Q/3At equilibrium,

Qd = Qs4000 - 2P = P/34000 - 2P = P/3P = 800, Q = 1600

Therefore, the new equilibrium price is 800 and the new equilibrium quantity is 1600. (Option A)

Hence, the correct option is (A) P = 800, Q = 2400.

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1: Categorize the artefacts provided by the consultants into the six general types of the CSVLOD model.
Tips:
Your answer should reflect on the types of artefacts produced by the consultants, the nature of their mandate, the duration of the consultants’ engagement, and their approach to execute the work.

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The CSVLOD model has six general types of artifacts: Vocabulary, Syntax, Dataset, Disambiguation, Linking, and Ontology.

Let's categorize the artifacts provided by the consultants into the six general types of the CSVLOD model.The consultants were engaged to produce linked open data for a transportation data set. The consultants spent six months executing their task, and they had a mandate to create a knowledge graph by transforming the existing transportation data into linked open data.

The six types of artefacts produced by the consultants according to the CSVLOD model are:

Vocabulary: The vocabulary in this data set was a set of terms with standardized definitions that were used to describe the domain of transportation data. The consultants developed this vocabulary using SKOS (Simple Knowledge Organization System).Syntax: The consultants developed an RDF/XML syntax representation of the transportation data set using the Turtle format.Dataset: The consultants developed a transportation data set as linked open data. They transformed the data set into RDF (Resource Description Framework) format using the RDF/XML syntax.Disambiguation: The consultants provided URI (Uniform Resource Identifier) for the different concepts to avoid ambiguity while referring to the different concepts.Linkage: The consultants also developed links between different data sets and data sources in the transportation domain. They used a machine learning algorithm to automatically identify and link the data sources.Ontology: The consultants developed an ontology that defines the domain of transportation. They created a transportation ontology using OWL (Web Ontology Language) that defines the classes, properties, and relationships of the transportation domain.

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To what extent is values-based leadership significant to the culture and ethics of an organization? Explain. How is the leader essential in communicating organizational values inside and outside of the organization? To what extent does the worldview of the leader influence the communication of organizational culture? Explain.

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Therefore, a leader's worldview can impact the inclusivity and effectiveness of organizational culture communication.

Values-based leadership plays a significant role in shaping the culture and ethics of an organization. By embracing and embodying core values, leaders establish a framework that guides the behaviors, decision-making processes, and interactions within the organization. When leaders consistently demonstrate and prioritize values such as integrity, accountability, respect, and transparency, they set the tone for the entire organization. This fosters a culture that promotes ethical behavior, employee engagement, and organizational success.

Leaders are essential in communicating organizational values both internally and externally. Internally, leaders serve as role models and actively communicate the values through their words, actions, and decisions. They ensure that values are integrated into the organization's vision, mission, and strategic objectives. Through regular communication channels, such as team meetings, town halls, and internal memos, leaders reinforce the importance of values and provide examples of how they should be applied in daily operations. Externally, leaders represent the organization and its values to stakeholders, customers, and the broader community. Their communication and behavior must align with the organization's values to build trust, credibility, and a positive reputation.

The worldview of the leader has a significant influence on the communication of organizational culture. A leader's worldview comprises their personal beliefs, values, experiences, and perspectives. This worldview shapes how leaders interpret and communicate organizational values. Leaders who possess a broad and inclusive worldview are more likely to promote diversity, equity, and inclusion within the organization.

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which industry experienced the greatest growth in the united states after the civil war? 37. Describe the process of developing a total compensation strategy. On July 8, 2019, Angel Tool and Equipment Manufacturing, Inc entered into a contract with Cut Above Construction, LLC. to manufacture a specialized crane at a cost of $100,000.00 to Cut Above. The crane was to have special hydraulics that will assist Cut Above with work to be performed on a construction project in Pensacola, Florida. The project concerns adding a wing onto a hospital, in particular, Tallahassee Community Hospital. Pursuant to the contract terms Cut Above paid a $50,000.00 deposit to Angel and the crane was to be completed and delivered to Cut Aboves construction site by January 15, 2020.January 15, 2020, came and went and the crane did not arrive. The failure of the crane to arrive set the project back initially by one week. Following a conversation with Angels executive Cut Aboves understanding from the executive was that the crane would not be completed until January 31, 2020, at which time it was to be shipped via truck FOB the construction site.There is a provision in Cut Aboves contract with its client, Pensacola Memorial Hospital, that the project is to be completed by March 30, 2020, and that every day the project is delayed past that time, Cut Above will be assessed $500.00 per day, said assessment being deducted from the hospitals final payment. The Hospital charged Cut Above $3,500.00 for the 7 day delay. The crane did not actually arrive until Feb. 4, 2020.Based on the foregoing Cut Above rented a crane, at a cost of $5,000.00, to complete as much of the project as possible until the specialized crane arrived from Angel. 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