Posted on

OPS 571 Week 6 Process Improvement Presentation for Riordan Answer

OPS 571 Week 6 Process Improvement Presentation for Riordan Answer

Create an 8-10 slide MS PowerPoint presentation with detailed speaker notes. Include the following:

Identify which ISO standards apply to Riordan Manufacturing
•Using the Six Sigma DMAIC process, develop a new process design for the production of the Riordan electric fans. Be sure to take advantage of any global opportunities available to Riordan, such as lower labor costs.
•Describe the bottlenecks that may occur in the new process.
•Identify three TQM tools that may be used for ongoing process improvement. Be sure to describe who will use the tool, when it will be used, and what interval and how it will lead to process improvement.
•A project plan including: A schedule including project goals, a schedule, roles and responsibilities and deliverables.
•An implementation plan, including a Gantt chart of the process design for the Riordan electric fans

For getting the instant digital download solution, Please click on the “PURCHASE” link below to get ” You are a business planner and accountant Answer “.

Please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link. Please note that in case of technical glitch, the solutions will be emailed to you within 24 hours.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

OPS 571 Week 6 Process Improvement Presentation for Riordan Answer

Posted on

You have been asked to establish a pricing structure for radiology Answer

You have been asked to establish a pricing structure for radiology Answer

You have been asked to establish a pricing structure for radiology Answer

Use the following information to answer questions 3, 4, and 5:
You have been asked to establish a pricing structure for radiology on a per-procedure basis. Present budgetary data is presented below:
Budgeted Procedures $10,000
Budgeted Cost $400,000
Desired Profit $80,000
It is estimated that Medicare patients comprise 40 percent of total radiology volume and will pay on average $38.00 per procedure. Approximately 10 percent of the patients are cost payers. The remaining charge payers are summarized below:

Payer Volume % Discount %
Cruz Azul 20 4
Unit 15 10
Kaiser 10 10
Auto-Pay 5 40
Total 50%

2. If the expected volume increases to 12,000 procedures and budgeted costs increase to $ 440,000 while all other variables remain constant, what price should be set?

3. Suppose that the only change in the original data from the example of Blue Cross is to increase to 20% discount. What price should be set?
Your company has $ 45.0 million in accounts receivable, collectible 90 days from registration as net income. If this figure is reduced to 50 days, in which amount the company revenues would increase if the money from the increase 7.5% annually invested for a period of twelve months?

For getting the instant digital download solution, Please click on the “PURCHASE” link below to get “You have been asked to establish a pricing structure for radiology Answer”.

Please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link. Please note that in case of technical glitch, the solutions will be emailed to you within 24 hours.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

You have been asked to establish a pricing structure for radiology Answer

Posted on

BUSN 420 Business Law Week 1 Quiz 1 Set1 and set 2 Complete A+ Answer

BUSN 420 Business Law Week 1 Quiz 1 Set1 and set2 Answer

BUSN 420 Business Law Week 1 Quiz 1 Set1 and set2 Answer


Set 1

1. Question : (TCO 1) The Securities Exchange Commission (SEC) is an administrative agency. Like other administrative agencies, the SEC was established to

act as a liaison between federal and state governments.

impose uniform laws on the states.

perform a specific function.

standardize laws for the executive and judicial branches.

2. Question : (TCO 1) The River City Council, the Santa Clara County Board, the Texas state legislature, and the U.S. Congress enact laws. These laws constitute

administrative law.

case law.

stare decisis.

statutory law.

3. Question : (TCO 1) Jill is an appellate court judge. In this capacity, Jill establishes a rule of law. Under the doctrine of stare decisis, the principle must be adhered to by

all courts.

courts of lower rank only.

that court and courts of lower rank.

that court only.

4. Question : (TCO 1) Krystal is a federal judge. Krystal’s judicial decisions are part of case law. This law includes interpretations of primary sources of law. These sources include

administrative regulations.

articles in law reviews and other legal journals.

compilations summarizing court decisions on particular topics.

legal encyclopedias.

5. Question : (TCO 1) Sam is a judge hearing the case of Local Co. v. National Corpage. Applying the relevant rule of law to the facts of the case requires Sam to find previously decided cases that, in relation to the case under consideration, are

as different as possible.

as similar as possible.

at odds.

exactly identical.

6. Question : (TCO 2) Dru, a U.S. citizen, is the owner of Egret, Inc. Egret’s competitors includes Feathered Friends Company (FFC), which is owned by Greg and Huey. The Bill of Rights embodies a series of protections for Dru against types of interference by

FFC and its other competitors only.

FFC, Greg, Huey, others, and the government.

Greg, Huey, and other private individuals only.

the government only.

7. Question : (TCO 2) Expendable Energy Corporation regularly expresses opinions on political issues. Under the First Amendment, corporate political speech is given

little protection.

no protection.

significant protection.

total protection.

8. Question : (TCO 2) Savers Mart, Inc., distributes its merchandise to retail outlets on an interstate basis. Under the commerce clause, Congress has the power to regulate

any commercial activity in the United States.

only activities that are in intrastate commerce.

only activities that are in local commerce.

only activities that are not in commerce.

9. Question : (TCO 2) A Minnesota state statute restricts certain kinds of advertising to protect consumers from being misled. A court would likely hold this statute to be

an unconstitutional restriction of speech.

constitutional under the First Amendment.

justified by the need to protect individual rights.

necessary to protect national interests.

10. Question : (TCO 2) Jon, a law enforcement official, monitors Kelsey’s Internet activities – e-mail and website visits to gain access to her personal financial data and student information. This may violate Kelsey’s right to

equal protection of the law.

privacy.

procedural due process.

substantive due process.

Set 2

Week 1 : Common Law Tradition; Constitutional Law – Quiz

Question 1. 1. (TCO 1) In Sales Distribution Corpage v. Consumer Products Co., the court decides that a precedent is incorrect or inapplicable. The court (Points : 2)
may rule contrary to the precedent.
must apply the precedent.
must ask a higher court to rule on the case.
must refuse to decide the case.

Question 2. 2. (TCO 1) The Securities Exchange Commission (SEC) is an administrative agency. Like other administrative agencies, the SEC was established to (Points : 2)
act as a liaison between federal and state governments.
impose uniform laws on the states.
perform a specific function.
standardize laws for the executive and judicial branches.

Question 3. 3. (TCO 1) Grady is a judge. In his court, Grady may bar a suit if it is not filed within a proper time according to (Points : 2)
a statute of limitations.
the doctrine of stare decisis.
the chancellor’s discretion.
the king’s conscience.

Question 4. 4. (TCO 1) When Overseas Exports, Inc., based in New York, does business internationally; the firm may be subject to international law. The sources of this law include (Points : 2)
the laws of individual nations only.
treaties and international organizations only.
the laws of individual nations, and treaties and international organizations.
none of the choices.

Question 5. 5. (TCO 1) The U.S. Congress enacts a new federal statute that imposes liability on businesses emitting significant amounts of a certain pollutant into the environment. This statute applies (Points : 2)
only to matters not covered by state law.
only to those states that adopt the statute.
to all of the states.
to none of the states.

Question 6. 6. (TCO 2) The Constitution provides that no person shall be deprived of “life, liberty, or property without due process of law.” Under this clause, “persons” include (Points : 2)
animals and other “beings in nature.”
buildings and other “manmade creations.”
corporations and other “legal persons.”
none of the choices.

Question 7. 7. (TCO 2) Congress enacts a law prohibiting toys made in China from being sold in the United States. The Hawaii state legislature enacts a law allowing the sale of Chinese-made toys. Hawaii’s law will most likely be (Points : 2)
rendered invalid under the supremacy clause.
rendered valid the free exercise clause.
struck down under the due process clause.
upheld under the commerce clause.

Question 8. 8. (TCO 2) Levi, a citizen of Maryland, obtains a federal license to operate a commercial fishing boat in Chesapeake Bay. The Maryland state legislature enacts a law that bans all commercial fishing in the bay. The state law most likely violates (Points : 2)
no provision in the U.S. Constitution.
the commerce clause.
the due process clause.
the supremacy clause.

Question 9. 9. (TCO 2) Congress enacts a law that sets out a rigorous medical-device premarket approval process for the U.S. Food and Drug Administration to follow. The law includes a preemption provision. Joe is injured by a device that underwent the process and files a claim under New Hampshire state law to recover for the injury. The court will most likely rule that (Points : 2)
Joe’s state law claim preempts the federal law.
the federal law and state law claim are concurrent.
the federal and state law claim cancel each other out.
the federal law preempts Joe’s state law claim.

Question 10. 10. (TCO 2) Tori files a suit against the state of Utah, claiming that a Utah state law violates the commerce clause. The court will agree if the statute (Points : 2)
impinges on citizens’ private activities.
imposes a substantial burden on interstate commerce.
imposes a substantial burden on the state.
promotes the public order, health, safety, morals, or general welfare.

For getting the instant download solution, Please click on the “PURCHASE” link below to get “BUSN 420 Business Law Week 1 Quiz 1 Set1 and set2 Answer”.

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link. Please note that in case of technical glitch, the solutions will be emailed to you within 24 hours.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@edusolutionguide.com

BUSN 420 Business Law Quiz 1 Answer

Posted on

MGT 434 Employment Law All Weeks Quiz Individual Paper Team Paper A+ Answer

MGT 434 Employment Law All Weeks Quiz Individual Paper Team Paper A+ Answer

MGT 434 Employment Law All Weeks Quiz Individual Paper Team Paper A+ Answer

MGT 434 Employment Law _All Weeks_Quiz_Individual Paper_Team Paper_A+_All_Complete_Answer

For getting the instant digital download solution, Please click on the “PURCHASE” link below to get MGT 434 Employment Law _All Weeks_Quiz_Individual Paper_Team Paper_A+_All_Complete_Answer

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link. Please note that in case of technical glitch, the solutions will be emailed to you within 24 hours.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@edusolutionguide.com

MGT-434-Employment-Law-_All-Weeks_Quiz_Individual-Paper_Team-Paper_A+_All_Complete_Answer

Posted on

Hamilton Company purchased a vehicle McCormack Co. has 20 employees who are paid hourly Answer

Hamilton Company purchased a vehicle_McCormack Co. has 20 employees who are paid hourly_Answer

Hamilton Company purchased a vehicle_McCormack Co. has 20 employees who are paid hourly_Answer

McCormack Co. has 20 employees who are paid hourly. All employees receive $20/hour compensation and in addition accrue vacation of 1 day per every 3 months at the rate of $20/hr. At month end the total hours worked by all employees is 200 hours. All employees contribute 7.65% of their wages towards social security and Medicare (FICA). In addition the company matches the same percentage every month. The company also withheld federal taxes which amounted to $850, and paid $250 in FUTA and $120 in SUTA. In addition, the company accrued 10 vacation days in total for the month at the current rate.
a. Record the journal entry to record the payment of salaries to employees.
b. Record the accrual of vacation days.
c. Record the employer liability for the employer taxes.

Hamilton Company purchased a vehicle at a cost of $60,000 On June 1, 2012 by putting a down payment of $20,000 and financing the remainder during a 2 year period. The company pays an interest rate of 6% per year. The balance due will be paid in 4 installments of $10,000 each every 6 months plus interest due. Interest is charged on the balance owed after each installment.
a. Record the purchase of the vehicle on June 1st.
b. Record the first installment payment plus interest on the loan.
c. Record any adjusting entries at year-end 12/31/12
d. Record the second installment payment plus interest.

For getting the instant digital download solution, Please click on the “PURCHASE” link below to get Hamilton Company purchased a vehicle at a cost of $60,000 On June 1, 2012_Answer

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link. Please note that in case of technical glitch, the solutions will be emailed to you within 24 hours.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@edusolutionguide.com

Hamilton Company purchased a vehicle at a cost of $60,000 On June 1, 2012_Answer

Posted on

Wiley PLUS Week 5 Assignment Your finance text book sold 53,250 copies in its first year A+ Answer

Wiley PLUS Week 5 Assignment_Your finance text book sold 53,250 copies in its first year Answer

Wiley PLUS Week 5 Assignment_Your finance text book sold 53,250 copies in its first year Answer

1-Your finance text book sold 53,250 copies in its first year. The publishing company expects the sales to grow at a rate of 20 percent for the next three years, and by 10 percent in the fourth year. Calculate the total number of copies that the publisher expects to sell in year 3 and 4. (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answers to the nearest whole number.)
Number of copies sold after 3 years
Number of copies sold in the fourth year
2-Find the present value of $3,500 under each of the following rates and periods.
(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)
a. 8.9 percent compounded monthly for five years.
Present value $
b. 6.6 percent compounded quarterly for eight years.
Present value $
c. 4.3 percent compounded daily for four years.
Present value $
d. 5.7 percent compounded continuously for three years.
Present value $
3-Trigen Corp. management will invest cash flows of $331,000, $616,450, $212,775, $818,400, $1,239,644, and $1,617,848 in research and development over the next six years. If the appropriate interest rate is 6.75 percent, what is the future value of these investment cash flows six years from today? (Round answer to 2 decimal places, e.g. 15.25.)
Future value $
4-You wrote a piece of software that does a better job of allowing computers to network than any other program designed for this purpose. A large networking company wants to incorporate your software into their systems and is offering to pay you $500,000 today, plus $500,000 at the end of each of the following six years for permission to do this. If the appropriate interest rate is 6 percent, what is the present value of the cash flow stream that the company is offering you? (Round answer to the nearest whole dollar, e.g. 5,275.)
Present value $
5-Barbara is considering investing in a stock and is aware that the return on that investment is particularly sensitive to how the economy is performing. Her analysis suggests that four states of the economy can affect the return on the investment. Using the table of returns and probabilities below, find
Probability Return
________________________________________
Boom 0.1 25.00%
Good 0.4 15.00%
Level 0.3 10.00%
Slump 0.2 -5.00%
6-Trevor Price bought 10-year bonds issued by Harvest Foods five years ago for $936.05. The bonds make semiannual coupon payments at a rate of 8.4 percent. If the current price of the bonds is $1,048.77, what is the yield that Trevor would earn by selling the bonds today? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)
Effective annual yield
%
7-The First Bank of Ellicott City has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1.65 on this stock. What is the current price of this preferred stock given a required rate of return of 11.6 percent? (Round answer to 2 decimal places, e.g. 15.25.)
Current price $

For getting the instant digital download solution, Please click on the “PURCHASE” link below to get “Wiley PLUS Week 5 Assignment_Your finance text book sold 53,250 copies in its first year Answer”.

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link. Please note that in case of technical glitch, the solutions will be emailed to you within 24 hours.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@edusolutionguide.com

Wiley PLUS Week 5 Assignment_Your finance text book sold 53,250 copies in its first year Answer

Posted on

ECON 545 Business Economics Week 8 Final Exam All Sets A+ Complete Answer

ECON 545 Business Economics Week 8 Final Exam All Sets A+ Complete Answer

Set 1

1. Question : (TCO A) Suppose you are hired to manage a small manufacturing facility that produces Widgets.

(a.) (15 points) You know from data collected on the Widget Market that market demand and market supply have both increased recently. As manager of the facility, what decisions should you make regarding production levels and pricing for your Widget facility?

Remember that supply and demand are about the market supply and market demand, which is bigger than your own company. You are being given data on supply and demand for the whole market and are being asked what effect that has on you as a small part of that market.

(b.) (15 points) Now, suppose that following the supply and demand changes in (a), a substitute good goes up in price, and your costs of production increase. What new decisions will you make regarding production levels and pricing for your Widget facility?
(TCO B) Here is some data on the demand for marshmallows:

Price Quantity
$10 100
$ 8 300
$ 6 700
$ 4 1300
$ 2 2200

(a.) (15 points) Is demand elastic or inelastic in the $6-$8 price range? How do you know?

(b.) (15 points) If the table represents the demand faced by a monopoly firm, then what is that firm’s marginal revenue as it increases output from 1300 units to 2200 units? Show all work. (Be careful here!)
3. Question : (TCO C) You have been hired to manage a small manufacturing facility whose cost and production data are given in the table below.
Total Total
Workers Labor Cost Output Revenue
1 $500 100 $700
2 1000 280 1150
3 1500 440 1440
4 2000 540 1570
5 2500 600 1670
6 3000 630 1710
7 3500 640 1730

(a.) (6 points) What is the marginal product of the second worker?

(b.) (6 points) What is the marginal revenue product of the fourth worker?

(c.) (6 points) What is the marginal cost of the first worker?

(d.) (12 points) Based on your knowledge of marginal analysis, how many workers should you hire? Explain you answer.

4. Question : (TCO C) Answer the next questions on the basis of the following cost data for a firm in pure competition:

OUTPUT —— TFC ———- TVC
0 $100.00 0.00
1 100.00 70.00
2 100.00 120.00
3 100.00 150.00
4 100.00 200.00
5 100.00 270.00
6 100.00 360.00

(a.) (15 points) Refer to the above data. If the product price is $45 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

(b.) (15 points) Refer to the above data. If the product price is $75 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

5. Question : (TCO D) A software producer has fixed costs of $18,000 per month and her Total Variable Costs (TVC) as a function of output Q are given below:

Q TVC Price
1,000 $15,000 $25
2,000 20,000 24
3,000 30,000 23
4,000 50,000 22
5,000 80,000 20
(a.) (15 points) If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity is also listed above? Why? (Show all work).

(b.) (15 points) What should be the production level if fixed costs rose to $48,000 per month? Explain.
6. Question : (TCO F)

(a.) (20 points) Suppose nominal GDP in 1999 was $200 billion, and in 2001, it was $270 billion. The general price index in 1999 was 100 and in 2001 it was 150. Between 1999 and 2001, the real GDP rose by what percent?

(b.) Use the following scenario to answer questions (b1) and (b2).
In a given year in the United States, the total number of residents is 270 million, the number of residents under the age of 16 is 38 million, the number of institutionalized adults is 15 million, the number of adults who are not looking for work is 17 million, and the number of unemployed is 10 million.

(b1.) (5 points) Refer to the data in the above scenario. What is the size of the labor force in the United States for the given year?

(b2.) (5 points) Refer to the data in the above scenario. What is the unemployment rate in the United States for the given year?
7. Question : (TCO G and H)

(a.) (15 points) Suppose your local Congress representative suggests that the federal government intervenes in the gasoline market to stop runaway price increases. Would you say that this view basically supports the Keynesian or the Monetarist school of thought? Why? What position would the opposing school of thought take on this issue? (Be brief — you can answer this in 2 or 3 brief paragraphs).

(b.) (10 points) Any change in the economy’s total expenditures would be expected to translate into a change in GDP that was larger than the initial change in spending. This phenomenon is known as the multiplier effect. Explain how the multiplier effect works.

(c.) (15 points) You are told that 90 cents out of every extra dollar pumped into the economy goes toward consumption (as opposed to saving). Estimate the GDP impact of a positive change in government spending that equals $20 billion.

8. Question : (TCO G)
(a.) (20 points) Third National Bank is fully loaned up with reserves of $20,000 and demand deposits equal to $100,000. The reserve ratio is 20%. Households deposit $5,000 in currency into the bank. How much excess reserves does the bank now have, and what is the maximum amount of new money that can be created in the banking system as a result of this deposit? Show all work.

(b.) (20 points) What is the discount rate in the banking system? Explain how the Fed manipulates this rate to achieve macroeconomic objectives.
9. Question : (TCO E and I) Let the exchange rate be defined as the number of dollars per British pound. Assume there is a decrease in U.S. interest rates relative to that of Britain.

(a.) (10 points) Would this event cause the demand for the dollar to increase or decrease relative to the demand for the pound? Why?

(b.) (10 points) Has the dollar appreciated or depreciated in value relative to the pound?

(c.) (10 points) Does this change in the value of the dollar make imports cheaper or more expensive for Americans? Are American exports cheaper or more expensive for importers of U.S. goods in Great Britain? Illustrate by showing the price of a U.S. cell phone in Britain before and after the change in the exchange rate.

(d.) (10 points) If you had a business exporting goods to Britain, and U.S. interest rates fell as they have in this example, would you plan to expand production or cut back? Why?

Set 1 Additional Questions:

Question 2. (TCO B) Suppose the governor of California has proposed increasing toll rates on California’s toll roads, and has presented two possible scenarios to implement these increases. Following are projected data for the two scenarios for the California toll roads:
Scenario 1: Toll rate in 2012: $10.00. Toll rate in 2016: $22.50
For every 100 cars using the toll roads in 2012, only 81.6 cars will use the toll roads in 2016.
Scenario 2:
Toll rate in 2012: $10.00. Toll rate in 2016: $17.50
For every 100 cars using the toll roads in 2012, only 96.2 cars will use the toll roads in 2016.
a. Using the midpoint formula, calculate the price elasticity of demand for Scenario 1 and Scenario 2. (10 points)
b. Assume 10,000 cars use California toll roads every day in 2012. What would be the daily total revenue received for each scenario in 2012 and in 2016? (6 points)
c. Is demand under Scenario 1 and under Scenario 2 price elastic, inelastic, or unit elastic. Briefly explain. (4 points)
(Points : 30)

Question 3. 3. (TCO C) You have been hired to manage a small manufacturing facility whose cost and production data are given in the table below.
Total Total
Workers Labor Cost Output Revenue
1 $500 100 $700
2 1000 280 1150
3 1500 440 1440
4 2000 540 1570
5 2500 600 1670
6 3000 630 1710
7 3500 640 1730

(a.) (6 points) What is the marginal product of the second worker?

(b.) (6 points) What is the marginal revenue product of the fourth worker?

(c.) (6 points) What is the marginal cost of the first worker?

(d.) (12 points) Based on your knowledge of marginal analysis, how many workers should you hire? Explain you answer.
(Points : 30)

Question 4. 4. (TCO C) Answer the next questions (Parts A and B) on the basis of the following cost data for a firm operating in pure competition:

OUTPUT —— TFC ———- TVC
0 $500.00 0.00
1 500.00 70.00
2 500.00 130.00
3 500.00 170.00
4 500.00 200.00
5 500.00 300.00
6 500.00 510.00

(a.) (15 points) Refer to the above data. If the product price is $185 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

(b.) (15 points) Refer to the above data. If the product price is $200 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations. (Points : 30)

Question 5. 5. (TCO D) A software producer has fixed costs of $20,000 per month and her Total Variable Costs (TVC) as a function of output Q are given below. Complete the table (TC, MC, TR, and MR), then answer Parts A and B.

Q TVC Price
2,000 $5,000 $25
4,000 7,000 22
6,000 18,000 20
8,000 33,000 10
10,000 50,000 1
(a.) (15 points) If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity is also listed above? Why? (Show all work.)
(b.) (15 points) What should be the production level if fixed costs rose to $70,000 per month? Explain.
(Points : 30)

Question 6. 6. (TCO F)

(a.) (20 points) Suppose nominal GDP in 1999 was $200 billion, and in 2001, it was $270 billion. The general price index in 1999 was 100 and in 2001 it was 150. Between 1999 and 2001, the real GDP rose by what percent?

(b.) Use the following scenario to answer questions (b1) and (b2).
In a given year in the United States, the total number of residents is 270 million, the number of residents under the age of 16 is 38 million, the number of institutionalized adults is 15 million, the number of adults who are not looking for work is 17 million, and the number of unemployed is 10 million.

(b1.) (5 points) Refer to the data in the above scenario. What is the size of the labor force in the United States for the given year?

(b2.) (5 points) Refer to the data in the above scenario. What is the unemployment rate in the United States for the given year? (Points : 30)

Question 7. 7. (TCO G and H)

(a.) (15 points) What are the arguments for and against the use of fiscal policy to fight inflation, lower unemployment, and raise GDP (Keynesian and Monetarist)?

(b.) (10 points) Any change in the economy’s total expenditures would be expected to translate into a change in GDP that was larger than the initial change in spending. This phenomenon is known as the multiplier effect. Explain how the multiplier effect works.

(c.) (15 points) You are told that 80 cents out of every extra dollar pumped into the economy goes toward consumption (as opposed to saving). Estimate the GDP impact of a positive change in government spending that equals $10 billion. (Points : 40)

Question 8. 8. (TCO G)

(a.) Reserve requirement for banks is set at 5%. Your firm withdraws $42,000 on its line of credit at the Security Bank to purchase equipment for expansion. The equipment vendor deposits the amount that he receives from you at his bank, The Highland Bank.

(10 points) By how much has each bank’s excess reserves changed as a result of your withdrawal and expenditure?

(10 points) What is the maximum amount of new money that can be created in the banking system as a result of your purchase? Show all work.

(b.) (10 points) Suppose that the Security Bank discovers its reserves will temporarily fall slightly short of those legally required. How might it remedy this situation through the Federal Funds market?

(10 points) Explain how the Fed manipulates the Federal Funds Rate in order to achieve macroeconomic objectives.
(Points : 40)

Question 9. 9. (TCO E and I) Let the exchange rate be defined as the number of dollars per Japanese yen. Assume that there is a decrease in U.S. interest rates relative to that of Japan.

(a.) (10 points) Would this event cause the demand for the dollar to increase or decrease relative to the demand for the yen? Why?

(b.) (10 points) Has the dollar appreciated or depreciated in value relative to the yen?

(c.) (10 points) Does this change in the value of the dollar make imports cheaper or more expensive for Americans? Are American exports cheaper or more expensive for importers of U.S. goods in Japan? Illustrate by showing the price of a U.S. e-reader in Japan before and after the change in the exchange rate.

(d.) (10 points) If you had a business exporting goods to Japan, and U.S. interest rates fell as they have in this example, would you plan to expand production or cut back? Why? (Points : 40)

Set 2

1. (TCO A) Suppose you are hired to manage a small manufacturing facility that produces Widgets.

(a.) (15 points) You know from data collected on the Widget Market that market demand has recently increased and market supply has recently decreased. As manager of the facility, what decisions should you make regarding production levels and pricing for your Widget facility?

Remember that supply and demand are about the market supply and market demand, which is bigger than your own company. You are being given data on supply and demand for the whole market and are being asked what effect that has on you as a small part of that market.

(b.) (15 points) Now, suppose that following the supply and demand changes in (a), a substitute good goes up in price, and your costs of production decrease. What new decisions will you make regarding production levels and pricing for your Widget facility? (Points : 30)

2. (TCO B) Here is some data on the demand for lettuce:

Price Quantity
$10 100
$ 8 120
$ 6 140
$ 4 160
$ 2 180

(a.) (15 points) Is demand elastic or inelastic in the $6-$8 price range? How do you know?

(b.) (15 points) If the table represents the demand faced by a monopoly firm, then what is that firm’s marginal revenue as it increases output from 160 units to 180 units? Show all work. (Be careful here!) (Points : 30)
. (TCO C) You have been hired to manage a small manufacturing facility whose cost and production data are given in the table below.

Total Total
Workers Labor Cost Output Revenue
1 $200 50 $350
2 400 140 675
3 600 220 1120
4 800 270 1570
5 1000 300 1865
6 1200 315 2070
7 1400 320 2170

(a.) (6 points) What is the marginal product of the second worker?

(b.) (6 points) What is the marginal revenue product of the fourth worker?

(c.) (6 points) What is the marginal cost of the first worker?

(d.) (12 points) Based on your knowledge of marginal analysis, how many workers should you hire? Explain you answer. (Points : 30)
4. (TCO C) John operates a small business out of his home and has very little in terms of fixed costs. Answer the next questions (Parts A and B) on the basis of the following cost data for John’s firm operating in pure competition:

OUTPUT —— TFC ———- TVC
0 $30.00 0.00
1 30.00 70.00
2 30.00 120.00
3 30.00 150.00
4 30.00 200.00
5 30.00 270.00
6 30.00 360.00

(a.) (15 points) Refer to the above data. If the product price is $60, at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations.

(b.) (15 points) Refer to the above data. If the product price is $55 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculations. (Points : 30)
5. (TCO D) A software producer has fixed costs of $30,000 per month and her Total Variable Costs (TVC) as a function of output Q are given below:

Q TVC Price
3,000 $ 5,000 $5
13,000 25,000 4
23,000 50,000 3
33,000 80,000 2
43,000 120,000 1
(a.) (15 points) If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity is also listed above? Why? (Show all work.)
(b.) (15 points) What should be the production level if fixed costs rose to $50,000 per month? Explain.
6. (TCO F)

(a.) (20 points) Suppose nominal GDP in 1999 was $200 billion, and in 2001, it was $270 billion. The general price index in 1999 was 100 and in 2001 it was 150. Between 1999 and 2001, the real GDP rose by what percent?

(b.) Use the following scenario to answer questions (b1) and (b2).
In a given year in the United States, the total number of residents is 270 million, the number of residents under the age of 16 is 38 million, the number of institutionalized adults is 15 million, the number of adults who are not looking for work is 17 million, and the number of unemployed is 10 million.

(b1.) (5 points) Refer to the data in the above scenario. What is the size of the labor force in the United States for the given year?

(b2.) (5 points) Refer to the data in the above scenario. What is the unemployment rate in the United States for the given year? (Points : 30)
7. (TCO G and H)

(a.) (15 points) Suppose your local Congress representative suggests that the federal government intervenes in the gasoline market to stop runaway price increases. Would you say that this view basically supports the Keynesian or the Monetarist school of thought? Why? What position would the opposing school of thought take on this issue? (Be brief — you can answer this in 2 or 3 brief paragraphs).

(b.) (10 points) Any change in the economy’s total expenditures would be expected to translate into a change in GDP that was larger than the initial change in spending. This phenomenon is known as the multiplier effect. Explain how the multiplier effect works.

(c.) (15 points) You are told that 90 cents out of every extra dollar pumped into the economy goes toward consumption (as opposed to saving). Estimate the GDP impact of a positive change in government spending that equals $20 billion.
(Points : 40)
8. (TCO G)

(a.) Reserve requirement for banks is set at 5%. Your firm deposits its profits of $28,000 into the Third National Bank.

(10 points) How much excess reserve does your deposit generate for the bank?

(10 points) What is the maximum amount of new money that can be created in the banking system as a result of this deposit? Show all work.

(b.) (10 points) What is the Federal Funds Rate in the banking system?

(10 points) Explain how the Fed manipulates this rate in order to achieve macroeconomic objectives. (Points : 40)

9. (TCOs E and I) Let the exchange rate be defined as the number of dollars per Japanese yen. Assume that there is a relatively lower rate of inflation in the U.S. relative to that of Japan.

(a.) (10 points) Would this event cause the demand for the dollar to increase or decrease relative to the demand for the yen? Why?

(b.) (10 points) Has the dollar appreciated or depreciated in value relative to the yen?

(c.) (10 points) Does this change in the value of the dollar make imports cheaper or more expensive for Americans? Are American exports cheaper or more expensive for importers of U.S. goods in Japan? Illustrate by showing the price of a U.S. e-reader in Japan, before and after the change in the exchange rate.

(d.) (10 points) If you had a business exporting goods to Japan, and U.S. inflation fell as discussed above in this example, would you plan to expand production or cut back? Why? (Points : 40)

Set 3

1. Suppose you are hired to manage a samll manufacturing facility that produces widgets
A. You know form data collected on the widget marekt that the market demand has recently increased and mareket supply has recently decreased. As manager of the facility, what decison should you make regarding production levels and pricing for you wideget facility?
Remember that supply and deman are about the makert supply and market demand, which is bigger than your own company. You are being given data on supply and demand for the whole market and are being asked what effect that has on you as a small part of that market
B. Now suppose that follwing the supply and demand changes in (a) a subsitute good goes up in price, and your cost of product decrease. What decisons will you make regarding production levels and pricing for your widget facility?

2. Here is data on the demand for lettuce
Price Quantity
10$ 100
8$ 120
6$ 140
4$ 160
2$ 180
A. Is demand elastic or inelastic in the 6-8$ price range? How do you know?

(b.) (15 points) If the table represents the demand faced by a monopoly firm, then what is that firm’s marginal revenue as it increases output from 160 units to 180 units? Show all work. (Be careful here!) (Points : 30)
3.A Suppose nominal GDP in 1999 was 100billion and in 2001 it was 260billion. The general price index in 199 was 100, and in 2001 it was 180. Between 1999 and 2001, the real GDP rose by what present?

4. Suppose your local congress representive suggest that the federal government intervenes in the gasonline market to stop runaway price increases. Would you say that this view bsically supports the Keynesin or Monetarist school of thought? Why? What postion would the opposting school of though tke on this issue?
b. Any change in the economys total expenditures would be expected to translate into change in GDP that was larger than the initial change in spending. This phenomenon os known as the multiplier effect. Explain the multipler effect works.

c. you are told that 90 cents our of every extra dollar pumpled into the econoomy goes toward consumption (as opposed to saving) Estimate the GDP impact of positive change in govenment spending that equals 20 billion.

5. Reserve requirment for banks is set at 5%. Your firm depositis it profits of 28,000 inot the Third National Bank.
A. How much excess reserve does your deposit generate for the bank?
What is the maximum amount of new money that can be created in the banking system as a result of this deposit? Show all work
B. What is the federal funds rate in the banking system?
Explain how the fed manipulates this rate in order to achieve macroeonmic objectives?
6. Let the exchange rate be defined as the number of dollars per Japanese yen. Assume there is a increase in U.S interest ratres relative to that of Japan.
A. Would this event cause the demand for the dollar to increase or decrease relative to the demand for the yen? Why?
b.) Has the dollar appreciatred or depreciated in value relative to the yen?
c.) Does this change in the value of the dollar make imports cheaper or more expensive for Americans? Are American exports cheaper or more expensive for importers of U.S goods in Japan? Illustrate by showing the price of a U.S e reader in japan before and after the change in the exchange rate.

d.) If you had a business exporting good to japan, and u.s interest rate rose as they have in this example, would you plan to expand production or cut back? Why

1. A software producer has fixed cost of 20,000 per month and her total variable costs TVC as a function fo output Q are given below. Complete the table (TC, MC, TR, and MR)
Q TVC Price
2,000 5,000 25
4,000 7,000 22
6,000 18,000 20
8,000 33,000 10
10,000 50,000 1
A. If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic cometitive market whre the price of software at each possible quantity is also listed above? Why? (show work)

B. What should be the production level if fixed cost rose to 70,000 per month? Explain

1. A software producer has fixed cost of 20,000 per month and her total variable costs TVC as a function fo output Q are given below. Complete the table (TC, MC, TR, and MR)
Q TVC Price
2,000 5,000 25
4,000 7,000 22
6,000 18,000 20
8,000 33,000 10
10,000 50,000 1
A. If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic cometitive market whre the price of software at each possible quantity is also listed above? Why? (show work)
B. What should be the production level if fixed cost rose to 70,000 per month? Explain

For getting the solution, Please click on the “PURCHASE” link below to get ECON 545 Business Economics Week 8 Final Exam All Sets A+ Complete Answer

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link. Please note that in case of technical glitch, the solutions will be emailed to you within 24 hours.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

ECON-545-Business-Economics_Final-Exam[1]

Posted on

Alliance is considering automating their production process Answer

Alliance is considering automating their production process Answer

Alliance is considering automating their production process Answer

Alliance is considering automating their production process to become more efficient. In order to do so they will buy a new monorail manufacturing system at a cost of $500,000. The system will be depreciated using seven-year MACRS (15%, 25%, 17%, 12%, 9%, 9%, 9%, 4%). The system will be sold in five years for $200,000. If they buy the system they will Trade In their current trolleys for $100,000. The trolleys were originally bought four years ago for $500,000 and are being depreciated using straight-line depreciation over five years. If Alliance does not replace the trolleys, they will be kept for the next five years when they will be sold for $10,000. The new system will not affect Alliance’s sales but will reduce Costs of Goods Sold by $1,000,000. However, Fixed Costs will rise by $50,000 per year if the monorail system is installed. The tax rate is 40%. What are the incremental cash flows associated with this proposed project?
Balance Sheet Effects |———-Depreciation Expenses————-|
Today Year 1 Year 2 Year 3 Year 4 Year 5 End
1. Buy New Assets
2. Trade In Old Assets
3. Keep Old Assets
4. Change in NWC
Income Statement Effects
Year 1 Year 2 Year 3 Year 4 Year 5
Net Sales
– Net COGS
– Net Depreciation
– Net Fixed Costs
= Net OEBT
– Net Taxes
= Net OEAT
+ Net Depreciation
= Net Operating CF
Total Cash Flows
CF0 =
C01 =
C02 =
C03 =
C04 =
C05 =
C06 =
1. What is the Initial Cost of this project?
a) $300,000
b) $400,000
c) $500,000
d) $600,000
2. What is net depreciation expense on the income statement in Year 1?
a) -$75,000
b) -$25,000
c) $100,000
d) $175,000
3. What is the After Tax Salvage Value of selling the equipment at the end?
a) $164,000
b) $182,000
c) $218,000
d) $236,000
4. What is the Operating Cash Flow in Year 2
a) $430,000
b) $510,000
c) $560,000
d) $620,000
5. What is the NPV of this project?
a) $500,000
b) $1,000,000
c) $1,500,000
d) $2,000,000
Kaffie Frederick is considering an expansion of it’s operations by introducing a new product line. In order to expand, they will have to buy new machinery for $1,000,000. The machinery will be depreciated using three-year MACRS (33%, 45%, 15%, 7%). In four years they will be able to sell the machinery for $250,000. If they go through with the planned expansion, Sales of the new product will be $750,000 per year and sales of the old product will rise by $50,000 per year. Variable Costs on the new product are 75% of new product sales while variable costs on the old product are 65% of old product sales. The new project will require additional fixed costs of $20,000 per year. The tax rate is 40%. What are the incremental cash flows associated with this proposed project?
Balance Sheet Effects |———-Depreciation Expenses————-|
Today Year 1 Year 2 Year 3 Year 4 Year 5 End
1. Buy New Assets
2. Trade In Old Assets
3. Keep Old Assets
4. Change in NWC
Income Statement Effects
Year 1 Year 2 Year 3 Year 4 Year 5
Net Sales
– Net COGS
– Net Depreciation
– Net Fixed Costs
= Net OEBT
– Net Taxes
= Net OEAT
+ Net Depreciation
= Net Operating CF
Total Cash Flows
CF0 =
C01 =
C02 =
C03 =
C04 =
C05 =
C06 =
6. What is the Initial Cost of this project?
a) $500,000
b) $1,000,000
c) $1,500,000
d) $2,000,000
7. What is net depreciation expense on the income statement in Year 1?
a) $175,000
b) $250,000
c) $330,000
d) $475,000
8. What is the After Tax Salvage Value of selling the equipment at the end?
a) $110,000
b) $150,000
c) $175,000
d) $215,000
9. What is the Operating Cash Flow in Year 2
a) $238,000
b) $291,000
c) $363,000
d) $422,000
10. What is the IRR of this project?
a) 0%
b) 5%
c) 10%
d) 15%

For getting the instant digital download solution, Please click on the “PURCHASE” link below to get “Alliance is considering automating their production process Answer”.

Please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link. Please note that in case of technical glitch, the solutions will be emailed to you within 24 hours.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

Alliance is considering automating their production process

Posted on

BYP2-2 journal entries prior to preparing year-end reports_Diane Riser discovered several strange entries Answer

BYP2-2 journal entries prior to preparing year-end reports_Diane Riser discovered several strange entries Answer

BYP2-2 journal entries prior to preparing year-end reports_Diane Riser discovered several strange entries Answer

BYP2-2 In the course of routine checking of all journal entries prior to preparing year-end reports, Diane Riser discovered several strange entries. She recalled that the president’s son Ron had come in tohelp out during an especially busy time and that he had recorded some journal entries. She was relieved that there were only a few of his entries, and even more relieved that he had included rather lengthy explanations. The entries Ron made were: 1. Work in Process Inventory 25,000 Cash 25,000 (This is for materials put into process. I don’t find the record that we paid for these, so I’m crediting Cash, because I know we’ll have to pay for them sooner or later.) 2. Manufacturing Overhead 12,000 Cash 12,000 (This is for bonuses paid to salespeople. I know they’re part of overhead, and I can’t find an account called “Non-factory Overhead” or “Other Overhead” so I’m putting it in Manufacturing Overhead. I have the check stubs, so I know we paid these.) 3. Wages Expense 120,000 Cash 120,000 (This is for the factory workers’ wages. I have a note that payroll taxes are $15,000. I still think that’s part of wages expense, and that we’ll have to pay it all in cash sooner or later, so I credited Cash for the wages and the taxes.) 4. Work in Process Inventory 3,000 Raw Materials Inventory 3,000 (This is for the glue used in the factory. I know we used this to make the products, even though we didn’t use very much on any one of the products. I got it out of inventory, so I credited aninventory account.
Instructions
(a) How should Ron have recorded each of the four events?
(b) If the entry was not corrected, which financial statements (income statement or balance sheet) would be affected?
(c) What balances would be overstated or understated?

For getting the instant digital download solution, Please click on the “PURCHASE” link below to get “BYP2-2 journal entries prior to preparing year-end reports_Diane Riser discovered several strange entries Answer”.

Please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link. Please note that in case of technical glitch, the solutions will be emailed to you within 24 hours.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

BYP2-2 journal entries prior to preparing year-end reports_Diane Riser discovered several st

Posted on

Rose Incorporated manufactures two types of vases, small and large Complete Answer

Rose Incorporated manufactures two types of vases, small and large Complete Answer

Rose Incorporated manufactures two types of vases, small and large Complete Answer

Part 1:

Factoring resource constraints into product mix decisions
Rose Incorporated manufactures two types of vases, small and large. The following per-unit data are available.
Small Vase Large Vase
Sale price $60 $100
Variable costs $35 $60
Machine hours required for 1 vase 1 2

Total fixed costs are $600,000, and Rose Incorporated can sell a maximum of 25,000 units of each type of vase annually. Machine hour capacity is 50,000 hours per year.
a. Determine the contribution margin per unit for each type of vase.
b. Determine the contribution margin per machine hour for each type of vase.
c. Determine the number of units of each style of vase that Rose Incorporated should produce to maximize operating income.
d. What is the dollar amount of the maximum operating income as calculated in C above?
Part 2:

Financial Statement Analysis

The following information relates to Harris Corporation.

Account Current year Prior year
Account Current year Prior year
Net sales (all credit) $5,20,125 $4,99,500
Cost of goods sold $3,75,960 $3,53,600
Gross profit $1,44,165 $1,45,900
Income from operations $95,500 $79,900
Interest expense $23,500 $19,500
Net income $57,600 $51,600

Cash $30,600 $15,900
Accounts receivable, net $33,800 $23,200
Inventory $42,000 $30,300
Prepaid expenses $2,000 $1,500
Total current assets $1,08,400 $70,900
11246400000
Total long-term assets $62,000 $38,000 3748800

Total current liabilities $46,000 $41,600 $1,70,400 150000
Total long-term liabilities $20,000 $22,700 $66,000 150000
Common stock, no par, $30,000 $30,000 $30,000 $1,04,400 300000
3,000 shares, value $50/share 150000
115200
Required:

a. What is the acid-test ratio for the current year?
b. What is the inventory turnover for the current year?
c. What is days’ sales in receivables for the current year?
d. What is the book value per share of common stock for the current year?
e. What is the price-earnings ratio for the current year?
f. What is the rate of return on total assets for the current year?
g. What is the times-interest-earned ratio for the current year?
h. What is the current ratio for the current year?

For getting the instant digital download solution, Please click on the “PURCHASE” link below to get “Rose Incorporated manufactures two types of vases, small and large Complete Answer”.

Please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link. Please note that in case of technical glitch, the solutions will be emailed to you within 24 hours.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

Rose Incorporated manufactures two types of vases, small and larg