Showing 613–621 of 1959 results

  • ECON 545 Week 3 Course Project 1- Cousin Edgar

    $20.00

    ECON545: Project 1—Microeconomic Analysis

    The Microeconomic Paper tests your ability to apply economic principles to a business decision. Select one situation from the items outlined below: A to D. Complete the paper on the selected situation as specified below. The completed paper is a professional report and is due in Week 3 (230 points). See the grading rubric at the end of this document. Be sure to use the DeVry library for finding data; avoid questionable sources, such as Wikipedia.

    The following is a list of the specific required information, research, graphs, and math to be included in each answer regardless of the scenario chosen.

    Situation C

    Cousin Edgar is always thinking of the next business idea. This time, he plans to invest in buying two gas stations. He reckons American consumers have come to accept the high gasoline prices, and estimates world prices for gasoline to increase even further with high demand from India and China. Besides, Cousin Edgar thinks he will make a good profit on the sale of convenience items at each station. But before buying the gas stations, he decides to ask for your advice because you are taking this course in business economics.

    You happened to read the piece “$4-a-Gallon Gas Fueling Fears for Recovery” on page 196 of the textbook. Being skeptical of Cousin Edgar’s optimism on the profitability of selling gasoline and convenience items, you decide to research the market in terms of supply and demand, elasticity, costs of production, pricing, and normal or economic profit or loss. You want to provide Cousin Edgar with the most informed advice possible.

    Download File

  • TCO Economic Questions

    $15.00

    Question 1:
    (TCO A) There is a decrease in the cost of labor for producing bicycles. (4 pts.) What happens to bicycle supply?
    (6 pts.) What happens to bicycle demand?

    Question 2:
    (TCO A) Ceteris paribus, Brand A Plain potato chips and Brand B Plain potato chips are substitutes in consumption. The price of Brand A Plain potato chips increases. (4 pts.) a. What happens to the demand for Brand B Plain potato chips? (6 pts.) b. What happens to the demand for Brand A Plain potato chips?

    Question 3:
    SA 3. (TCO A) The number of wheat producers decreases.
    (4 pts.) What happens to the supply of wheat?
    (6 pts.) What happens to the demand for wheat?

    Question 4:
    (TCO A) A market is in equilibrium with equilibrium Quantity of MEQ and equilibrium Price of MEP.
    (2 pts.) a. What happens to Market Equilibrium Quantity (MEQ) if there is an increase in Demand?
    (4 pts.) b. What happens to Market Equilibrium Price (MEP) if Supply decreases as Demand increases?
    (4 pts.) c. What happens to Market Equilibrium Quantity (MEQ) after there has been an increase in Supply followed by a decrease in Demand which is followed by another increase in Supply?

    Question 5:
    The following table shows part of the demand function for tickets to an outdoor summer concert by a popular singing group:
    Price (P)…Quantity (Q)
    50……….. 100
    35………. 180
    20…………300
    10…………500
    a. (2 pts.) What is demand elasticity in the $10 – $20 price range? Is demand elastic, inelastic, or of unitary elasticity? Calculate the value and show all of your work. Be sure to use the midpoint equation used to determine elasticity.
    b. (4 pts.) Assume demand elasticity is 1.3 in the $35 – $50 price range. In this range of demand, by what percentage would quantity demanded change if price increases by 9 percent? Show your detailed calculations.
    c. (4 pts.) What is the effect of a price decline from $35 to $20 on total revenue for the event? Does total revenue (TR) increase, decrease, or remain the same? By how much? Show your detailed calculations.

    Question 6:
    (TCO B) Use a hypothetical example to illustrate whether you agree or disagree with the following statement: “Unemployment will go up more if the demand for labor is inelastic because the demand for labor will decrease more when you have inelastic demand than if demand were elastic.” Explain why, using hypothetical numbers to illustrate your case

    Question 7:
    TCO C) You have been hired to manage a small manufacturing facility whose cost and production data are given in the table below.

    No. of workers Total Labor Cost Output Total Revenue 1 $145 100 $190 2 290 105 480 3 435 111 840 4 580 120 1320 5 725 125 1650 6 870 129 1780 7 1015 131 1800 (2 points) What is the marginal product of the third worker? (2 points) What is the marginal revenue product of the fourth worker? (2 points) What is the marginal cost of the sixth worker?
    (4 points) Based on your knowledge of marginal analysis, how many workers should you hire? Explain you answer.

    Question 8:
    (TCO C) Answer the next question on the basis of the following cost data for a purely competitive seller: Total Product TFC TVC
    0 $70 $0
    1 70 70
    2 70 120
    3 70 150
    4 70 220
    5 70 300
    6 70 390
    Refer to the above data. If the product price is $75 at its optimal output, exactly how many units should be produced to maximize profits or minimize losses? How much will the profit or loss be? Show all calculations.

    Question 9:
    (TCO C) Answer the next question on the basis of the following cost data for a purely competitive seller:
    TP TFC TVC
    0 $45 $0
    1 45 170
    2 45 320
    3 45 450
    4 45 620
    5 45 800
    6 45 990
    Refer to the above data. If the product price is $165 at its optimal output, exactly how many units should be produced to maximize profits or minimize losses? How much will the profit or loss be? Show all calculations.

    Question 10:
    (TCO C) A firm has Total Costs (TC) of $12,000 over the next three months (TOTAL for the 3 months – not per month), of which $8,000 are fixed costs (TFC) for rent on its lease that cannot be broken. If it stays in business over those months, then the firm will collect only $6,000 in revenues (TR). So, considering only this information, should they stay in business for those three months or should they close down right now? Provide your reasoning.

    Download File

  • The Best Vest Shoes Marketing Plan

    $20.00

    The Best Vest Shoes Marketing Plan (BU 220: Principles of Marketing)

    Executive Summary

    The marketing plan that is set for The Best Shoes Company plans on doing online advertising and open more locations of where the shoes will be sold.  This company will offer multiple discounts and rewards to its loyal customers.  Sales will increase as the company develops and will branch outside of the US more as the company grows.  New exciting products will be added to the company brand with even more exciting styles and comfort.

    Paper Contents

    Part I: Situational Analysis

    • Internal Analysis
    • Market Description
    • Competitor A (DaGodd)
    • Competitor B (Samantha’s Shoes)
    • Current Marketing Mix
    • The Organization’s SWOTT Analysis

    Part II:  Market Analysis

    • Objectives and Issues
    • Marketing Strategy

    8 Pages

    BUS 499 WK 10 Assignment 5 – Walmart

    Download File

  • Capstone Project: Team Management and the Assets of a Strong Leader

    $39.00

    Research Outline

    Topic: Team Management and Assets of a Strong Leader

    Thesis Statement: Leaders need an array of leadership assets to manage teams, effectively, in light of the growing diversity in the workplace so that the organization can realize benefits of teamwork.

    • Introduction
    • Leadership Assets
    • Who is a strong leader?
    • What are leadership assets
    • Examples of leadership assets
    • Team Management
    • What is a team?
    • Importance of teamwork
    • The evolution of teamwork
    • Impact of diversity in team work
    • Diversity
    • What is diversity?
    • Importance of diversity
    • The impact of diversity on teamwork
    • Challenges
    • Benefits
    • Recommendations
    • The interplay between strong leadership, team management, and diversity
    • Importance of strong leaders in team work
    • Leadership strategies to manage a diverse workforce
    • Various leadership assets that help in managing teamwork
    • Influence on diversity
    • Importance of strong leadership assets in team management
    • Impact on performance
    • Impact on diversity
    • Conclusion
    • References
    Download File

  • Bus 642 Week One Exercises

    $5.00

    Bus 642 Week One Exercises
    Complete Discussion Questions 1, 2, and 5 on page 22.
    1. What is business research? Why should there be any question about the definition of research?

    1. What is the difference between applied research and basic or pure research? Use a decision about how a salesperson is to be paid, by commission or salary, and describe the question that would guide applied research versus the question that would guide pure research.
    2. A sales force manager needs to have information in order to decide whether to create a custom motivation program or purchase one offered by a consulting firm. What are the dilemmas the manager faces in selecting either of these alternatives?
    3. You observe the following condition: “Our female sales representatives have lower customer defections than do our male sales representatives.”
      • a) Propose the concepts and constructs you might use to study this phenomenon.
      • b) How might any of these concepts and/or constructs be related to explanatory hypotheses?
    Download File

  • ACC 205 Week 1 Assignment Solution

    $7.00

    Wk 1 Problems E 1-21

    Using the accounting equation to analyze transactions [10–20 min]

    Caren Smith opened a medical practice. During July, the first month of operation, the business, titled Caren Smith, M.D., experienced the following events:

    Jul 6 Smith invested $55,000 in the business by opening a bank account in the name of C. Smith, M.D. The business gave capital to Smith.

    9 Paid $46,000 cash for land.

    12 Purchased medical supplies for $1,800 on account.

    15 Officially opened for business.

    15–31 During the rest of the month, Smith treated patients and earned service revenue of $8,000, receiving cash.

    29 Paid cash expenses: employees’ salaries, $1,600; office rent, $900; utilities, $100. 30 Returned supplies purchased on the 12 th for the cost of those supplies, $700. 31 Paid $1,100 on account.

    Requirement

    Analyze the effects of these events on the accounting equation of the medical practice of Caren Smith, M.D. Use a format similar to that of Exhibit 1-6 , with headings for Cash, Medical supplies, Land, Accounts payable, Common stock, and Retained earnings.

    Download File

  • ACC 291 Week 1 DQ 1

    $5.00

    How would you describe the entries to record the disposition of accounts receivables? What is their function? How are bad debts accounted for under the direct write-off method? What are the disadvantages of this method?

    Download File

  • Acc/291 Week 1 DQs

    $7.00

    Week 1, DQ 1:
    How would you describe the entries to record the disposition of accounts receivables? What is their function?

    Week 1, DQ 2:
    How are bad debts accounted for under the direct write-off method? What are the disadvantages of this method?

    Week 1, DQ 3:
    Why would you select the percentage of sales method for calculating doubtful accounts instead of the percentage of receivables method?

    Week 1, DQ 4:
    What is the difference between revenue expenditures and capital expenditures during a useful life? Are there similarities?

    Download File

  • Assignment Information Use Paper

    $10.00

    Individual Assignment Information Use Paper

    Write a 700- to 1,050-word paper identifying and describing how information is used and how it flows in an organization.

    Explain this use in your current place of employment or an organization you are familiar with.

    Describe concerns with properly controlling this flow, including keeping it safe from unauthorized use.

    Format your paper using APA format.

    Download File