The Long Tail and Short Head Theory are terms used in media economics that are used to explain the trends that occur in the distribution of media products.
What does it represent?The long tail represents the abundance of less popular and niche products that are sold in smaller quantities, while the short head represents the fewer, more popular products that are sold in larger quantities.
Some examples of media products that reflect purchasing from the short head are shown below:
1. Books: Harry Potter and the Philosopher's Stone is an excellent example of a product in the short head category. This book is so well-known that it has been translated into hundreds of languages, and it has sold millions of copies worldwide.
2. Music: Songs like "Shape of You" by Ed Sheeran, "Blinding Lights" by The Weeknd, and "Despacito" by Luis Fonsi and Daddy Yankee are great examples of products in the short head category. These songs have been played millions of times and have topped music charts worldwide.
3. Movies: The Marvel Cinematic Universe is an excellent example of a short head media product. These movies are so well-known that they have become a cultural phenomenon. They've grossed billions of dollars worldwide and are some of the highest-grossing films of all time.
These movies tend to have smaller budgets, and they don't receive as much publicity as movies in the short head category. However, they still manage to find an audience within their respective niches.
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Take Test: Required Homework Chapter 5(Efficiency) According to the graph shown, if the market goes from equilibrium to having its price set at $2 below equilibrium: the deadweight loss will be $90. The consumer surplus will be less than $160. the deadweight loss will be $60. Consumer surplus will rise by $30.
The graph mentioned in the question shows the relationship between the price of a product and the quantity of the product demanded. Equilibrium occurs where the quantity demanded and the quantity supplied are equal.
The graph states that if the market goes from equilibrium to having its price set at $2 below equilibrium, the consumer surplus will rise by $30 and the deadweight loss will be $60.Consumers buy goods until the point where marginal benefit equals price, which is represented by the demand curve in the graph.
At equilibrium, marginal cost equals price, which is represented by the supply curve. Deadweight loss happens when the market is not at equilibrium, which is the case when the price is set $2 below equilibrium. At this point, the quantity supplied is less than the quantity demanded.
The decrease in the price of the product from equilibrium will increase consumer surplus. Consumer surplus is defined as the difference between what consumers are willing to pay and what they actually pay. If the price decreases, consumers can buy more products or buy the same amount of products for a lower price.
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The following information pertains to Brown Company: 11. Brown Company completed jobs that cost $26,000 to manufacture. Record the journal entry. 12. Brown Company sold jobs to customers on account for $49,000 that cost $22,000 to manufacture. Record the journal entries. 11. Brown Company completed jobs that cost $26,000 to manufacture. Record the journal entry. (Record debits first, then credits, Select the 12. Brown Company sold jobs to customers on account for $49,000 that cost $22,000 to manufacture. Record the journal entries. (Record det line of the joumal entry table.) Bogin with the journal entry to record the sales. Do not record the cost of the sale with this entry. We will do that in the following step. Now reoord the cost related to the sales.
A journal entry is the act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit balances.
11. Brown Company completed jobs that cost $26,000 to manufacture. The journal entry for the completion of jobs that cost $26,000 to manufacture is as follows: Accounts Debit Credit Work in Process$26,000Manufacturing Costs$26,000
:As soon as the jobs are completed, the cost incurred for the manufacture of these goods would be debited to Work in Process account and Manufacturing Costs account would be credited.
12. Brown Company sold jobs to customers on account for $49,000 that cost $22,000 to manufacture. The journal entries for the sale of goods to customers on account for $49,000 that cost $22,000 to manufacture are as follows: Accounts Debit Credit Accounts Receivable $49,000 Sales $49,000
:As soon as the goods are sold to customers on account, the Accounts Receivable account is debited for the sales amount, and the Sales account is credited for the same amount.
The cost of manufacture of these goods would be recorded separately.
To record the cost of manufacture of goods, we use a Cost of Goods Sold account. Cost of Goods Sold (COGS) account is a temporary account, and it is closed at the end of the period to Income Summary.
The following journal entry would be made to record the cost related to the sales:Accounts DebitCreditCost of Goods Sold$22,000Work in Process$22,000
The cost incurred for the manufacture of goods would be debited to the Cost of Goods Sold account, and the same amount would be credited to the Work in Process account.
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A program manager manages a large team that just finished a major project successfully. The team is now exhausted. The PM wants to ask her supervisor, a results-driven senior VP for approval to give the team some time off.
A. "Here is some data from previous years that shows our team delivers the best results after short breaks"
B. "This project is what we’re capable of when rested. Let’s give the team some time to refuel and come back in top form"
C. "The team feels that they’ve earned some time off for the many hours they’ve worked recently"
D. "Our staff is overworked, and it’ll cost our firm more money if they quit"
E. "Everyone’s been working nonstop for a while; I hear they’ll quit if we don’t give them some time off."
The program manager should use the statement, "This project is what we’re capable of when rested. Let’s give the team some time to refuel and come back in top form" to request her supervisor's approval for the team to have some time off.
A program manager needs to effectively communicate her message and gain the support of her supervisor. The statement, "This project is what we’re capable of when rested. Let’s give the team some time to refuel and come back in top form," serves this purpose by highlighting the team's capabilities and the importance of rest.
By emphasizing that the team's performance is at its best when well-rested, the program manager acknowledges the team's hard work and dedication. The statement also presents a clear justification for granting time off, as it emphasizes the benefits of allowing the team to refuel and recharge.
This approach appeals to the supervisor's understanding of the team's needs and the positive impact it can have on their performance. By focusing on the team's well-being and productivity, the program manager increases the likelihood of gaining the supervisor's approval for the time off request.
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There are about four billion people around the globe who earn less than US$1,500 per year. These people who make up the "bottom of the pyramid" obviously have some unique needs. Many organizational leaders who embrace corporate social responsibility believe they:
Group of answer choices:
shouldn’t bother with the BOP as there is no benefit or profit to be gained from them, even though those people need assistance.
should try to offer the same products and services to the BOP, but acknowledge they may not be successful in doing so.
may be able to serve the unique needs of the BOP while still earning a profit.
should donate a portion of their products or services to the BOP.
The "bottom of the pyramid" refers to approximately four billion people worldwide who earn less than $1,500 per year. These people obviously have some unique needs.
Although some organizational leaders who embrace corporate social responsibility believe that there is no advantage or profit to be gained from them, many believe that they may be able to serve the BOP's unique needs while still earning a profit.In the emerging markets, the "bottom of the pyramid" is a crucial consumer segment for firms.
The low-income population may seem unprofitable to firms at first glance, but if this group is approached in a creative manner, a company can turn this untapped market into a profitable opportunity.
If a company targets this population group and serves them in a unique way, it can provide them with the products they need while also making a profit.To capture the potential of this underdeveloped sector, firms must tailor their products to meet the unique requirements of the "bottom of the pyramid."
Therefore, many organizational leaders who embrace corporate social responsibility believe that they may be able to serve the unique needs of the BOP while still earning a profit.
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Air France-KLM business strategy
What are the key success factors for firms competing in the European airline industry? [To address the question you need to do industry analysis, Porter's five forces, and then explain the Key success factors of the European airline industry].
Analyze each of the five business units separately (Air France, Air France Hop [HOP!], Joon SAS, KLM, and Transavia SAS [Transavia]) by identifying their target markets, business unit strategies, and resources and capabilities, strengths, and (potential) weaknesses.
For each business unit, determine whether the business has a competitive advantage and recommend strategies for going forward. To address the questions, you need to use VRIS analysis and then provide possible strategies for each business unit.
The airline industry in Europe is very competitive, with many different companies competing for market share. These include pricing, customer service, safety, reliability, and innovation.
Its strengths include its extensive route network, strong brand recognition, and focus on innovation. Its weaknesses include high operating costs and a limited focus on short-haul flights. One possible strategy for KLM going forward would be to expand its short-haul offerings to capture more of the European market.
Transavia SAS (Transavia) targets leisure travelers looking for affordable flights within Europe and North Africa. Its business unit strategy is to offer low-cost flights with a focus on efficiency and convenience. Its weaknesses include limited brand recognition and a narrow target market. One possible strategy for Transavia would be to focus on expanding its offerings to include more destinations and improve its marketing efforts to increase brand recognition.
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How diversity makes businesses more innovative, more profitable ... and why greater diversity isn't just a moral imperative.
Answer:
Diversity, particularly in an organization's workforce, has been shown to not only foster a more positive and productive work environment but also provide opportunities for greater innovation and profit. This is because diverse teams of people with different backgrounds, perspectives, and experiences can bring a range of ideas and insights to problems, leading to more creative solutions. Additionally, a diverse workforce can appeal to a broader range of customers, expanding the customer base and leading to greater profits. As a result, diversity can not only be the right thing to do morally but also make sense from a business perspective.
Explanation:
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Average Houfly Eamings in Canada increased to 3237 CAD in 3 dy of 2022 over the prewous month. Aover hanks Cowals See that big bump in 2020 ? The average hourly earnings in Canada have been growing rather steadily since the beginning of the century. Then the COVID pandemic happens, and they shoot ap. It looks like the pandemic was great for workers! But 1 do not really think it was that great. Cive an explanation for that increase in earnings. Then discuss in short whether the workers should have really happy er unhappy about sach a developenent. I think there is a good hint for this question in chapter 1 but it is not the most obvious. If yoe cannot find that hint, do not stress. Also, do not stress about getting the right answer. There may be several decent explanations. Do your best to present your argument clearly and try to be concise. 150−400 words should be about right.
The sudden increase in hourly earnings in Canada during the COVID pandemic might not be that great. One reason is that the increase in hourly earnings may be related to an increase in overtime work.
Employees may work more hours than usual to maintain their standard of living in the face of increasing prices and the reduced purchasing power of the Canadian dollar. Another reason is that the increase in hourly wages may be related to the increase in demand for certain services, such as delivery services, to meet the needs of people who were forced to stay at home because of the pandemic.
As a result, the answer to the question of whether workers should be happy or unhappy about the increase in hourly wages in Canada during the COVID pandemic is not that simple. It depends on the individual worker's situation. For those who have been able to work from home during the pandemic, the increase in hourly wages might be a good thing. On the other hand, for those who have been unable to work from home and who have been forced to work in low-wage jobs with little job security, the increase in hourly wages might not be that great.
In general, it is difficult to say whether the sudden increase in hourly wages in Canada during the COVID pandemic is good or bad for workers. It depends on individual workers' situations.
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Now, run Simulation Scenario 1 using the same base parameters, except double the variability of length of stay. Use mean inter-arrival time = 5 hours, mean length of stay = 16 hours, std dev inter-arrival = 4, std dev of length of stay = 8. What is the average time in queue (in minutes)?
In order to calculate the average time in queue (in minutes), we need to double the variability of length of stay and run Simulation Scenario 1 using the same base parameters
.The given parameters are,Mean inter-arrival time = 5 hoursMean length of stay = 16 hoursStandard deviation inter-arrival = 4Standard deviation of length of stay = 8We will use the queueing theory to solve the given problem. The formula for the average time in the queue is given by:Lq = ρ² / (1 − ρ) × (1 / μ − 1 / λ)Here,Lq = average number of customers waiting in the queueμ = the average service rateλ = the average arrival rateρ = λ / μWe need to calculate Lq and convert it into minutes.
Let's calculate the values of the above-mentioned parameters.μ = 1 / mean length of stay= 1 / 16 = 0.0625 customers/minuteλ = 1 / mean inter-arrival time= 1 / 5 = 0.2 c[tex]ustomers/minuteρ = λ / μ= 0.2 / 0.0625= 3.2Lq = ρ² / (1 − ρ) × (1 / μ − 1 / λ)= 3.2² / (1 - 3.2) × (1 / 0.0625 - 1 / 0.2)= 3.2² / (- 2.2) × (16 - 5)= 3.2² / (- 2.2) × 11= 3.2² / (- 24.2)= 0.435[/tex] Let's convert Lq into minutes.Average time in queue (in minutes[tex]) = Lq / λ= 0.435 / 0.2= 2.175 hours= 2.175 × 60= 130.[/tex] 5 minutesTherefore, the average time in queue (in minutes) is 130.5.
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1. Today is 1 July 2021. Joan has a portfolio which consists of two different types of financial instruments (henceforth referred to as instrument A and instrument B). Joan purchased all instruments on 1 July 2016 to create this portfolio and this portfolio is composed of 333 units of instrument A and 394 units of instrument B.
Instrument A is a zero-coupon bond with a face value of 100. This bond matures at par. The maturity date is 1 January 2030.
Instrument B is a Treasury bond with a coupon rate of j2 = 3.27% p.a. and face value of 100. This bond matures at par. The maturity date is 1 January 2024.
A) Calculate the current price of instrument A per $100 face value (today's value). Round your answer to four decimal places. Assume the yield rate is j2 =4.48% p.a.
(b) Calculate the current price of instrument B per $100 face value (today's value). Round your answer to four decimal places. Assume the yield rate is j2 = 4.48% p.a. and Joan has just received the coupon payment.
(c) What is the current duration of instrument
a. The current price of instrument A per $100 face value is $59.1931.
b. The current price of instrument B per $100 face value is $102.2714.
c. The current duration of instrument A and instrument B needs additional information to calculate and cannot be determined with the given data.
a. To calculate the current price of instrument A, we need to discount the face value of $100 at the yield rate of 4.48% per year for the remaining time until maturity, which is approximately 8.5 years. Using the formula for the present value of a single cash flow:
Price of Instrument A = Face Value / (1 + Yield Rate)^Time to Maturity
Price of Instrument A = 100 / (1 + 0.0448)^8.5 = 59.1931
Therefore, the current price of instrument A per $100 face value is $59.1931.
b. To calculate the current price of instrument B, we need to discount the future coupon payments and the face value at the yield rate of 4.48% per year. Since Joan has just received the coupon payment, we only need to discount the remaining coupon payments and the face value for the remaining time until maturity, which is approximately 2.5 years. Using the formula for the present value of a bond:
Price of Instrument B = (Coupon Payment / (1 + Yield Rate)^1 + Coupon Payment / (1 + Yield Rate)^2 + ... + (Coupon Payment + Face Value) / (1 + Yield Rate)^Time to Maturity)
Price of Instrument B = (3.27 / (1 + 0.0448)^1 + 3.27 / (1 + 0.0448)^2 + ... + (3.27 + 100) / (1 + 0.0448)^2.5) = 102.2714
Therefore, the current price of instrument B per $100 face value is $102.2714.
c. The available data cannot be used to calculate the current duration of instruments A and B; more information is required.
The current price of instrument A per $100 face value is $59.1931, and the current price of instrument B per $100 face value is $102.2714. However, without additional information, the current duration of these instruments cannot be determined.
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In a galaxy far far away, Corellia and Nimidian Prime start with equal GDPs. The economy of Corellia grows at an annual rate of 6 percent, whereas the economy of Nimidian Prime grows at an annual rate of 4 percent. After 25 years, how much larger is Corellia's economy than Nimidian Prime's economy? Why is the answer not 50 percent?
In the given question, we are given that the economy of Corellia and Nimidian Prime starts with equal GDPs and then the economy of Corellia grows at an annual rate of 6 percent, whereas the economy of Nimidian Prime grows at an annual rate of 4 percent.
We need to find out how much larger Corellia's economy is than Nimidian Prime's economy after 25 years. To solve this question, we will use the formula of compound interest. Let's find the compound interest of both economies after 25 years: Compound Interest formula: C.I. = P(1 + R/100)ᵗ - P where, C.I. = Compound Interest P = Principal R = Rate of interest t = time period (in years)For Corellia, P = Principal amount = GDP = 100 dollars R = Rate of interest = 6% per annum T = Time period = 25 years Now, put the given values in the formula. C.I. = P(1 + R/100)ᵗ - P= 100(1 + 6/100)²⁵ - 100= 100(1.06)²⁵ - 100= 100(3.27) - 100= 227 dollars Therefore, after 25 years, Corellia's economy will be 227 dollars. The answer is not 50% because the question is asking for the difference between the two economies and not the percent increase. The percent increase of Corellia's economy from 100 dollars to 227 dollars is(227 - 100)/100 × 100%= 127%.
Similarly, the percent increase of Nimidian Prime's economy from 100 dollars to 135 dollars is(135 - 100)/100 × 100%= 35%However, the question is not asking for the percent increase but the difference between the two economies, which is 92 dollars.
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When looking at sticky prices, what name is given to the costs of changing prices that businesses must consider? Opportunity costs Internal costs Menu costs Customer costs
When looking at sticky prices, the name given to the costs of changing prices that businesses must consider is the menu costs. What are sticky prices? Sticky prices are prices that do not adjust quickly to changes in supply or demand. They occur when a product's price remains the same for an extended period despite changes in the supply or demand.
For instance, gasoline prices are sticky since they often remain the same for long periods, even though the cost of oil changes rapidly. In economics, menu costs refer to the costs that companies incur in altering their prices to adjust to the current economic environment. When businesses consider modifying their prices, they must take into account a variety of costs, including advertising, printing new price lists, and other administrative expenses. These costs are known as menu costs in economic terms. Therefore, when looking at sticky prices, the name given to the costs of changing prices that businesses must consider is the menu costs.
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Suppose that you sell for 10 dollars each two call options with a strike price of 115 dollars, and purchase for 8 dollars each five put options with a strike price of 110 dollars. If the options all have the same expiration date, and if the stock price on the exercise date is 123 dollars, what is your total profit?
The total profit in this scenario is -$20.
To calculate the total profit, we need to break down the different components involved and calculate their individual values.
Call Options:
You sold two call options with a strike price of $115 each, and you received $10 for each option. Since the stock price on the exercise date is $123, which is higher than the strike price, these call options would expire worthless.
This means you get to keep the $10 premium for each option sold.
Profit from Call Options: 2 * $10 = $20
Put Options:
You purchased five put options with a strike price of $110 each, and you paid $8 for each option. Since the stock price on the exercise date is $123, which is higher than the strike price, these put options would also expire worthless.
This means you lose the premium paid for each option.
Loss from Put Options: 5 * $8 = $40
Total Profit:
To calculate the total profit, we subtract the loss from put options from the profit from call options:
Total Profit = Profit from Call Options - Loss from Put Options
Total Profit = $20 - $40
Total Profit = -$20
In this scenario, your total profit would be -$20, indicating a loss of $20.
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You own 1,000 shares of a company, M&N Limited which is all-equity financed with 10,000 outstanding. The market price for each share is currently $40. M& N Limited follows a constant dividend policy, implying that it will pay the same dividend per share each year indefinitely. The dividend per share is $4.50 per year. The company is debating of converting into a 60% debt capital structure by using the proceeds from debt to repurchase shares and the expected dividend per share is $5.85. The interest rate on borrowings in general is 9% per annum. Ignore taxes.
You are required to answer the following questions:
(a) What is the value of your personal cash flow in M&N Limited based on the current capital structure and dividend policy of the company? (b) What is the value of your personal cash flow in M&N Limited, based on the proposed 60% debt capital structure and dividend policy of the company?
(a) Under the current capital structure and dividend policy, your personal cash flow in M&N Limited amounts to $4,500 annually.
(b) If M&N Limited converts to a 60% debt capital structure and implements the proposed dividend policy, your personal cash flow would increase to $5,850 annually.
(a) The value of your personal cash flow in M&N Limited based on the current capital structure and dividend policy of the company can be calculated as follows:
Current dividend per share = $4.50
Number of shares owned = 1,000
Personal cash flow = Dividend per share * Number of shares owned
= $4.50 * 1,000
= $4,500
Therefore, the value of your personal cash flow in M&N Limited, based on the current capital structure and dividend policy, is $4,500.
Under the current capital structure and dividend policy, your personal cash flow in M&N Limited amounts to $4,500 annually. This represents the total dividend income you receive from your 1,000 shares.
(b) The value of your personal cash flow in M&N Limited, based on the proposed 60% debt capital structure and dividend policy of the company, can be calculated as follows:
Proposed dividend per share = $5.85
Number of shares owned = 1,000
Personal cash flow = Dividend per share * Number of shares owned
= $5.85 * 1,000
= $5,850
Therefore, the value of your personal cash flow in M&N Limited, based on the proposed 60% debt capital structure and dividend policy, is $5,850.
If M&N Limited converts to a 60% debt capital structure and implements the proposed dividend policy, your personal cash flow would increase to $5,850 annually. This change reflects the higher dividend per share and the reduced number of outstanding shares resulting from the share repurchase using debt proceeds.
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Consider an organization you worked for, currently work for, or
have seen in the market.
Does it currently have any blue ocean offerings?
Can you think of any new blue ocean offerings?
No, the business doesn't offer any exclusive products or services.
The business runs like a typical brick-and-mortar store. Its product offerings aren't all that distinctive from those of its competitors, and its online presence isn't that strong. The business hasn't lately introduced any new products or services, and it lacks any distinctive qualities that might allow it to find a niche market
The corporation has been experiencing difficulties recently as a result of pressure from internet retailers on its conventional retail strategy. Because the corporation was slow to adjust to the changing climate, it has been losing market share.
The corporation currently lacks the resources and forethought required to create a blue ocean, and it is unlikely that it ever will.
This is a terrible fact, but it is indicative of the current state of affairs. The company is not now positioned to succeed in the market, and it is unlikely that a blue ocean will emerge.
This does not imply that the business is doomed to failure. However, in order to turn things around, the company would need to make some big changes.
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Watch the following TED talk: Madeleine Albright: On Being a Woman and a Diplomat. Then, identify the main points from the TED Talk. Can you identify with the topic or have you witnessed the issues discussed?
The main message of Albright's TED talk was that women can be successful in diplomacy, but they face unique challenges that need to be addressed.
Madeleine Albright: On Being a Woman and a Diplomat was a TED talk by Madeleine Albright in 2018. It focused on Albright's experiences as a woman in diplomacy. She was the first woman to serve as US Secretary of State, and she talked about the challenges she faced in this role as a woman.
The main points of the TED talk are summarized below:
1. The challenges women face in diplomacy:
Albright talked about how women are often not taken seriously in diplomacy and how they have to work harder to prove themselves. She also mentioned the double standard that exists, where men are often praised for being assertive while women are criticized for the same behavior.
2. The importance of female leadership:
Albright stressed the importance of having more women in leadership positions. She talked about how women bring a different perspective to the table and how this can lead to better outcomes.
3. The need to support women:
Albright emphasized the need to support women in all areas, from education to job opportunities to political participation. She talked about how this is not only the right thing to do but also the smart thing to do, as it leads to more prosperous societies.
Overall, the main message of Albright's TED talk was that women can be successful in diplomacy, but they face unique challenges that need to be addressed. She also highlighted the importance of having more women in leadership positions and the need to support women in all areas.
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selected Sanitizing wipes as my product for this supply chain
How would your chosen product be affected by the changing seasons?
If your product is not affected by seasonal demand, how would your company dispose of excess inventory due to a forecasting mistake?
Finally, list two demand forecasting constraints that exist within the supply chain of your product
Answer:
1. How would my chosen product be affected by the changing seasons? The demand for sanitizing wipes could potentially increase during the flu season, which typically occurs in the late autumn and winter months.
2. If my product is not affected by seasonal demand, how would my company dispose of excess inventory due to a forecasting mistake? My company would need to have a plan in place to manage excess inventory, such as liquidating excess inventory through promotions, donating inventory to non-profit organizations, or selling excess inventory to other retailers.
3. Demand forecasting constraints that exist within the supply chain of my product include accurate forecasting of demand fluctuations, which can be difficult in a rapidly changing market, and the need to balance a short lead time with accurate demand forecasting to ensure timely and optimal response to changing demand. Additionally, the need for accurate forecasting of raw material and packaging supply to meet demand can also be a constraint, particularly in a tight or volatile supply chain market.
Sustainable management strategies are difficult to implement because:
a - they are not practical.
b- ordinary people tend to resist them.
c- fragmented authority structures reduce cooperation between institutions.
d- they do not fit into the free-market model of economic activity.
There are several reasons for this: a) One reason is that sustainable management strategies may not always be practical. While they may be environmentally friendly, they may not always be economically viable or feasible to implement.
b) Another reason is that ordinary people often tend to resist sustainable management strategies. This can be due to a lack of awareness or understanding of their benefits, or a resistance to change their current habits or behaviors. c) Additionally, fragmented authority structures can reduce cooperation between institutions, making it difficult to implement and enforce sustainable management strategies. When multiple institutions or agencies are involved, coordination and collaboration can be challenging. d) Finally, sustainable management strategies may not always fit into the free-market model of economic activity. Some strategies may require regulations or incentives that are not compatible with a purely market-driven approach. In summary, sustainable management strategies are difficult to implement because they may not always be practical, ordinary people may resist them, fragmented authority structures reduce cooperation between institutions, and they may not fit into the free-market model of economic activity.
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What are examples of internal sources of data for a data warehouse? What are examples of external sources of data for a data warehouse?
Data warehousing is the process of collecting, storing, and managing data from various sources to provide business insights. Data sources can either be internal or external. In a data warehouse, internal data sources are those that are within the organization and can be accessed without external intervention.Examples of internal sources of data for a data warehouse include;Sales dataInventory dataHR dataMarketing dataCustomer feedback dataProduction dataExternal data sources, on the other hand, are those outside an organization and require external intervention to access. Examples of external sources of data for a data warehouse include:Data from social media platforms .Publicly available data like news articles, government reports, stock market data, etc.Weather reports, traffic data, and other geographic information.Data purchased from third-party vendors like market research reports.
Internal sources: Transactional databases, operational systems, log files, internal documents, legacy systems.
External sources: Market research, social media, publicly available data, third-party data providers, IoT devices.
Data warehouse internal sources:
Internal sales, inventory, CRM, and financial databases.
Supply chain, production, and staff data.
Server, website, and application logs show system performance and user behaviour.
Reports, spreadsheets, and presentations include business data.
Legacy systems: Data from dormant or relevant old databases.
Data warehouse external sources:
Market trends, customer behaviour, and competitive analysis from market research firms, industry studies, and surveys.
Social media: Comments, reviews, and attitudes can reveal customer preferences and brand perception.
Government databases, open data projects, and public documents: demographic, economic, and geographical data.
Consumer, weather, and financial market data from third-party data suppliers.
IoT devices: Ambient, machine, and human behavior data from sensors, smart, and wearable devices.
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1. Purchased 300 widget product units for $10 each on account from BuyFromUsWidgets (a new vendor we are trying that you will have to set up).
2. Customer Marsha Brady returns 5 widget product units for a full refund .
3. Sold 350 widget product units for $16 each on account to Mike Brady.
4. Sold 400 widgets at $16 each for cash to Bobby.
5.Paid the amount owed for the supplies purchased .
6. The customer who paid $ 80 in advance comes in and purchases 2 widget product units for $ 16 each , paying by having us take out the amount due from the advance payment
Make journal Entries
To make the necessary journal entries for the given transactions, follow these steps: 1. Purchased 300 widget product units for $10 each on account from BuyFromUsWidgets: - Debit Inventory (asset) for $3,000 (300 units x $10) - Credit Accounts Payable (liability) for $3,000
2. Customer Marsha Brady returns 5 widget product units for a full refund: - Debit Sales Returns and Allowances (contra-revenue) for $50 (5 units x $10) - Credit Accounts Receivable (asset) for $50 3. Sold 350 widget product units for $16 each on account to Mike Brady: - Debit Accounts Receivable (asset) for $5,600 (350 units x $16) - Credit Sales (revenue) for $5,600 4. Sold 400 widgets at $16 each for cash to Bobby: - Debit Cash (asset) for $6,400 (400 units x $16) - Credit Sales (revenue) for $6,400 5. Paid the amount owed for the supplies purchased: - Debit Accounts Payable (liability) for $3,000 - Credit Cash (asset) for $3,000 6. The customer who paid $80 in advance comes in and purchases 2 widget product units for $16 each, paying by having us take out the amount due from the advance payment: - Debit Accounts Receivable (asset) for $32 (2 units x $16) - Credit Sales (revenue) for $32 - Debit Cash (asset) for $32 - Credit Accounts Receivable (asset) for $32 Please note that these journal entries are based on the information provided and may vary depending on your specific accounting practices.
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The Corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December the following transactions occurred: Dec. 1 Issued 10,000 shares of capital stock to Aaron Hillman and other investors in exchange for a total of $45,000 cash. Dec. 1 Paid $14,400 to Boothe Realty for 12 months rent paid in advance. (Use the Asset account: Prepaid Rent for the entire amount). Dec. 2 Purchased office equipment and furnishings from Edwards Corp. for $12,000 (use the account Office Equipment and Furnishings). Paid $4,000 in cash with the balance due on a Note Payable (principal and interest due in 6 months). Dec. 4 Purchased office supplies on Account from Trackers for $1,400. Payment is due in 20 days. These supplies are expected to last for several months. Dec. 5 Purchased a 12 month business Malpractice Insurance Policy for $1,200 from the Cruise Agency (use the Asset account Unexpired Malpractice Insurance for the entire amount). One journal entry at a time. Click on Save and New. Quickbooks Computer Program, Page 6 Dec. 10 Received $3,000 cash from the Sweet & Fancy Cupcakes in West Reading as advance payment for services to be provided. (Use the Liability account: Unearned Accounting Fees.) Dec. 16 Paid employee salaries for the first two weeks of December, $1,200. Dec. 16 Earned $6,000 in fees for Accounting services provided in the first two weeks of December. $3,500 was received in cash and the remainder was billed to AAI’s customers on Account (due in 10 days.) Dec. 24 Paid the amount due to Trackers on account from the Dec. 4th purchase. Dec. 26 Received amount due on account from the December 16th billing. Dec. 27 AAI was named, along with Cruise Agency, as a co-defendant in a $5,000 lawsuit filed on behalf of Ellie Perry. Perry believes she was not properly represented by Aaron Hillman and is suing for damages. The extent of the Corporation’s legal and financial responsibility, if any, can not be determined at this time. (Note: this event does not need a journal entry at this time, but may require disclosure in the notes accompanying the financial statements. Dec. 30 Received a bill for internet & phone services for the month of December from Sprint in the amount of $350. The amount is due on January 15, 2021. Dec. 30 Declared a cash dividend of $.20 (20 cents) per share, payable on January 15, 2020. *Remember to debit Dividends; you are paying it later so credit Dividends Payable. Dec. 31 Earned $10,000 in fees for accounting services provided for the second two weeks of December. $6,000 was received in cash and the remainder was billed to AAI’s customers on Account (due in 12 days.) Data for Adjusting entries (These are done in the general journal.) Remember you are only adjusting for one month. The date for the adjusting entries is December 31, 2020. No Cash is involved. a. The advance payment for rent on December 1 covered a period of 12 months. (You only used one month) b. The Insurance Policy is for 12 months. (You used only one month) c. The annual interest rate on the Note Payable to Edwards Corp. is 9%. (One month interest) d. The Office Equipment and Furnishings are being depreciated by the straight-line method for a period of 5 years. There is no salvage value and you are expensing one month. e. Office Supplies on hand on December 31 are estimated at $750. f. During December, AAI earned $1,200 of the accounting fees paid in advance by Sweet & Quickbooks Computer Program, Page 7 Fancy Cupcakes December 10th. (You have now earned the 1200.) g. Salaries earned by employees since last payroll are $1,300. The Salaries will be paid on 1/3/21. h. The Accountant estimates that the amount of Income Tax Payable will be $3,000. These taxes will be paid in 2021. Step 4 - Reports 1. After you type in the journal and adjusting entries, you will need to run the following reports. a. Click on Reports, All Reports, Scroll down to For My Account Reports. Website does change so it might look exactly like this.
The Corporation performs adjusting entries monthly and closing entries are performed annually on December 31. Declared a cash dividend of $.20 (20 cents) per share, payable on January 15, 2020. Remember to debit Dividends; you are paying it later so credit Dividends Payable.
During December, the following transactions occurred:
I. Issued 10,000 shares of capital stock to Aaron Hillman and other investors in exchange for a total of $45,000 cash.
II. Paid $14,400 to Boothe Realty for 12 months rent paid in advance. (Use the Asset account: Prepaid Rent for the entire amount).
III. Purchased office equipment and furnishings from Edwards Corp. for $12,000 (use the account Office Equipment and Furnishings). Paid $4,000 in cash with the balance due on a Note Payable (principal and interest due in 6 months).
IV. Purchased office supplies on Account from Trackers for $1,400. Payment is due in 20 days. These supplies are expected to last for several months.
V. Purchased a 12 month business Malpractice Insurance Policy for $1,200 from the Cruise Agency (use the Asset account Unexpired Malpractice Insurance for the entire amount).
VI. Received $3,000 cash from the Sweet & Fancy Cupcakes in West Reading as advance payment for services to be provided. (Use the Liability account: Unearned Accounting Fees.)
Salaries earned by employees since the last payroll are $1,300. The Salaries will be paid on 1/3/21.h. The Accountant estimates that the amount of Income Tax Payable will be $3,000. These taxes will be paid in 2021.
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Please use Excel to solve this problem and submit your Excel
file. The problem is as follows:
1. The weight of bags of fertilizer is normally distributed,
with a mean of 100 pounds (the target) and a
Here is the Excel solution for the problem you have given below: In cell B1 type the heading "Probability" In cell A2 type the value "90" and in cell A3 type the value "110" In cell B2 type the formula "=NORM.DIST(A2,100,15,TRUE)" and copy the formula to cell B3.
In cell A4 type the value "95" and in cell A5 type the value "105"Step 7: In cell B4 type the formula "=NORM.DIST(A4,100,15,TRUE)" and copy the formula to cell B5.Step 8: In cell A6 type the value "97.5" and in cell A7 type the value "102.5"Step 9: In cell B6 type the formula "=NORM.DIST(A6,100,15,TRUE)" and copy the formula to cell B7.
Select the range A2:B11 and create a scatter plot chart.Step 15: Right-click on the chart and click on "Select Data".Step 16: Click on "Add" and type the following values in the "Edit Series" window:Series Name: Normal DistributionX-Values: =$A$2:$A$11Y-Values: =$B$2:$B$11Step 17: Click "OK" twice and the chart will show the normal distribution of the weight of bags of fertilizer which is normally distributed with a mean of 100 pounds (the target) and a standard deviation of 15 pounds.Hope this helps!
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2. An engineer proposes a capital purchase for a new machine. The year zero purchase costs are estimated as $40 K with an additional (one-time) investment of $8 K at the end of the fourth year of operation. Annual operating and maintenance (O&M) costs are estimated as $4 K per year. Installation of the new machine is expected to provide revenue of $4 K the first year, $8 K for year 2 , $12 K for year 3 , and $16 K for year 4 and all remaining years in service. The machine is expected to have a salvage value of $3 K at the end of year 10 when new equipment would become necessary. The company currently uses a MARR of 8.0% for project assessment. NOTE: Show your work (as appropriate) and clearly indicate each answer. a) (2 pts) What is the appropriate life-span (planning horizon) for this project? b) (4 pts) Prepare a cash flow diagram for the project. c) (6 pts) What is the net present value (NPV) for this project? (Note: This is the same as present worth, PW)
Calculation of planning horizon:Planning horizon refers to the project's duration or lifespan, and it's necessary to calculate the NPV.
An engineer proposes a capital purchase for a new machine with the following details:Purchase costs at year 0 (Initial cost) = $40 KAdditional investment in the fourth year = $8 KAnnual O&M costs = $4 KRevenue for Year 1 = $4 KRevenue for Year 2 = $8 KRevenue for Year 3 = $12 KRevenue for Year 4 = $16 KSalvage value at the end of Year 10 = $3 K andMARR = 8.0%The planning horizon or life span can be calculated using the salvage value and MARR.
Salvage value is attained at the end of year 10, which means the project must continue for ten years. So, the planning horizon is 10 years.b) Cash flow diagram:Cash flows for years 0 to 10 are depicted in the following cash flow diagram.
c) Net present value (NPV) calculation:Using the formula below, the NPV for this project can be calculated:NPV = - Initial cost + Sum of Yearly (P/A, i%, n) * Annual cash flow- Year 10 salvage value * (P/F, i%, n)Where i = MARR = 8.0%Initial cost = $40KAdditional investment at year 4 = $8KAnnual O&M costs = $4KRevenue for Year 1 = $4KRevenue for Year 2 = $8KRevenue for Year 3 = $12KRevenue for Year 4 = $16KSalvage value = $3KP/A, i%, n = 4.3121, 3.9927, 3.7129, 3.4651, 3.2443, 3.0461, 2.8674, 2.7058, 2.5597, 2.4277, 2.3085P/F, i%, n = 0.7938NPV = -$40K + $4K * (4.3121) + $8K * (3.9927) + $12K * (3.7129) + $16K * (3.4651) + $4K * (3.2443) + $4K * (3.0461) + $4K * (2.8674) + $4K * (2.7058) + $4K * (2.5597) + $3K * (0.7938) = $9,799.67Therefore, the net present value (NPV) of the project is $9,799.67.
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Exponential smoothing with a smoothing constant equal to 0.10, assuming a March forecast of 15(000). (Round your intermediate forecast values and final answer to 2 decimal places.) (5) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.) National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Cllck here for the Excel Data File.
Exponential smoothing with a smoothing constant equal to 0.10, assuming a March forecast of 15(000). (Round your intermediate forecast values and final answer to 2 decimal places.) (5)The exponential smoothing method is a time series forecasting method that forecasts future data points by giving more weight to recent data points and less weight to older data points.
It is a commonly used statistical method for smoothing out noisy data. Exponential smoothing with a smoothing constant equal to 0.10, assuming a March forecast of 15(000), is computed as follows: Forecast for April = Actual March sales = 15,000Forecast for May = (0.10 x 15,000) + (0.90 x 15,000) = 15,000Forecast for June = (0.10 x 15,000) + (0.90 x 15,000) = 15,000Forecast for July = (0.10 x 15,000) + (0.90 x 15,000) = 15,000Forecast for August = (0.10 x 15,000) + (0.90 x 15,000) = 15,000Forecast for September = (0.10 x 15,000) + (0.90 x 15,000) = 15,000A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.)The linear trend equation is a method for forecasting future values of a time series by assuming that there is a linear relationship between the time and the observed data.
The linear trend equation is computed as follows: y = a + bxwhere y is the dependent variable (in this case, sales), x is the independent variable (in this case, time), a is the intercept, and b is the slope. To compute the linear trend equation for the given data, we can use Excel's LINEST function. Here's how to do it: Select the data range (B2:B8) and insert a new chart. Right-click on the chart and select "Add Trendline". In the "Trendline Options" menu, select "Linear Trendline" and check the "Display Equation on chart" and "Display R-squared value on chart" options. The linear trend equation is: y = 7,774 + 909x
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Tina is consistently late for work, so her boss has written her up' and reported this behavior to the human resources
Tina is consistently late for work, so her boss has written her up and reported this behavior to human resources. Lateness can harm a company's operations, reduce employee productivity, and negatively affect the company's reputation.
As a result, punctuality is a critical characteristic that all staff must possess. The boss's action is reasonable given that Tina has been consistently late, which means she's breaching her job's expectation.Tina's behavior could also be due to personal reasons, such as being a new mother, caring for an ailing family member, or facing some medical challenges. If she has a valid explanation for her tardiness, she should communicate it to her supervisor. It's up to the employer to choose whether or not to provide her with some flexibility or make allowances for her situation.
Nonetheless, Tina's boss did the right thing by bringing the matter to HR, which may take further action. If this behavior persists, Tina may face more severe consequences like a suspension or being terminated. Lateness, as trivial as it may seem, could trigger a domino effect of negativity within the workplace. Being punctual, on the other hand, cultivates a positive and productive work environment. To create a successful work environment, it is critical to maintain a good work-life balance, communicate well, and arrive at work on time.
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If you answer ALL the questions I will give thumbs up!
1. There are 2 bidders with valuations that are independently and uniformly distributed between 0 and 1. In equilibrium, what will Bidder 1 bid in a first-price auction if its valuation is 0.5? Round your answer to two decimal places.
2. There are 9 bidders with valuations that are independently and uniformly distributed between 0 and 1. What will Bidder 1 bid if its valuation is 0.9 in the symmetric equilibrium of a second-price auction? Round your answer to two decimal places.
In equilibrium, Bidder 1 will bid 0.5/2 = 0.25 in a first-price auction. This is because in a first-price auction, the highest bidder wins the item and pays their own bid. In a symmetric equilibrium of a second-price auction is of 9 bidders.
1. To avoid this, Bidder 1 will bid lower than its valuation, specifically half of its valuation since there are only two bidders. This ensures that Bidder 1 will win the auction and pay a fair price. So if Bidder 1 bids its valuation of 0.5, it is very likely that another bidder will also bid higher, and Bidder 1 will end up overpaying.
2. In a symmetric equilibrium of a second-price auction with 9 bidders, Bidder 1 will bid 0.9/10 = 0.09. This is because in a second-price auction, the highest bidder wins the item but pays the second-highest bid. So if Bidder 1 bids its valuation of 0.9, it is very likely that another bidder will also bid higher, and Bidder 1 will end up paying an even higher price than in a first-price auction.
To its valuation, specifically one-tenth of its valuation since there are ten bidders. This ensures that Bidder 1 will win the auction and pay a fair price equal to the second-highest bid.
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Does historic cost principle apply when accounting for negative
goodwill?
The historic cost principle does not apply when accounting for negative goodwill. Negative goodwill is recognized as income immediately, reflecting the favorable difference between the fair value of the acquired net assets and the purchase price.
However, negative goodwill occurs when the fair value of the net assets acquired in a business combination is higher than the purchase price paid. In such cases, the acquiring company realizes a gain from the acquisition.
According to the generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS), negative goodwill should be recognized as income immediately, rather than being recorded at its historical cost.
It is treated as a gain on a bargain purchase, reflecting the favorable difference between the fair value of the acquired net assets and the purchase price.
Negative goodwill is considered a departure from the historic cost principle because it recognizes that the assets acquired have a higher value than what was paid for them. Recognizing negative goodwill as income ensures that the financial statements reflect the economic benefit obtained from the business combination accurately.
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Which of the following statements correctly describes the part of an adjuster in divorce cases?
Investigates allegations of fraud or misconduct by the debtor or its principals as an advocate of the other party
Investigates for instances of hiding assets in a chapter 11 filing
Investigates claims against a debtor to determine whether or not they are valid
Assists the trustee by performing such duties as securing business facilities and assets, locating assets of the debtors estate and arranging asset sales
Adjustor investigates claims against a debtor to determine whether or not they are valid. An adjuster is an insurance agent who negotiates with insurance policyholders to decide coverage under a particular policy.
An adjuster is an insurance agent who negotiates with insurance policyholders to decide coverage under a particular policy. In some instances, an adjuster may assist with real estate litigation, determining whether or not a particular entity has sufficient assets to cover a legal claim, or even negotiating the terms of a divorce agreement.
In divorce cases, an adjuster has a critical function. When a couple of divorces, their shared assets and debts must be split equitably. If one party thinks the other is hiding assets, an adjuster may be hired to investigate.
This is typically achieved through a thorough review of financial records, including bank statements, tax returns, and other papers. They also identify any areas where one spouse might have been dishonest about assets or financial obligations. Finally, they determine if the allegations are valid or not.
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think about a country that you would like to expand your
business to, what are the most important factors to consider when
expanding to another country? in 400 words.
Expanding your business to another country is an exciting but complex process. Before choosing a country to expand your business, there are a number of important factors to consider to ensure that you are successful in your expansion efforts.
Legal regulations are a critical consideration when expanding to another country. Different countries have different rules and regulations, so it's important to conduct thorough research into the legal and regulatory environment of the country you are considering expanding your business to. This includes everything from understanding tax laws to obtaining the necessary permits and licenses to operate in the country.
expanding your business to another country requires careful consideration of a variety of factors. By taking the time to evaluate these factors and conducting thorough research, you can increase your chances of success and ensure that your expansion efforts are sustainable over the long term.
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The plant capacities and customer orders are as follows. (a) Develop a network model and a linear programming formulation of this problem. (i) network model (Submit a file with a maximum size of 1 MB.) Choose File no file selected This answer has not been graded yet. Use index number 5 for this type of node. Enter "DNE" in any unused answer blanks.) Max xij≥0 for all i,j (b) How many units should each plant produce for each customer to maximize profits? xjj≥0 for all i,j. (b) How many units should each plant produce for each customer to maximize profits? Optimal Solution (c) Which customer demands will not be met? Distributor 1 will have a shortfall of units. Distributor 2 will have a shortfall of units. Distributor 3 will have a shortfall of units. Distributor 4 will have a shortfall of units.
(a) The network model is formulated as a linear programming problem with the objective function and constraints.
(b) To maximize profit, the optimal production quantities for each plant and distributor combination are provided.
(c) The customer demands that will not be met are specified for each distributor.
(a) Network Model: Linear Programming Formulation:
Maximize Z = 29x11 + 30x12 + 28x13 + 23x14 + 26x21 + 28x22 + 25x23 + 22x24 + 30x31 + 32x32 + 30x33 + 25x34 + 21x41 + 24x42 + 22x43 + 23x44
Subject to:
x11 + x12 + x13 + x14 ≤ 40
x21 + x22 + x23 + x24 ≤ 30
x31 + x32 + x33 + x34 ≤ 25
x41 + x42 + x43 + x44 ≤ 20
x11 + x21 + x31 + x41 ≥ 20
x12 + x22 + x32 + x42 ≥ 15
x13 + x23 + x33 + x43 ≥ 25
x14 + x24 + x34 + x44 ≥ 15
xi,j ≥ 0
(b) To maximize profit, each plant must produce the following number of units for each customer:
2 units from Plant 1 to Distributor 1 and 4 units from Plant 2 to Distributor 1
2 units from Plant 1 to Distributor 2 and 3 units from Plant 2 to Distributor 2
3 units from Plant 1 to Distributor 3 and 4 units from Plant 2 to Distributor 3
4 units from Plant 1 to Distributor 4 and 1 unit from Plant 2 to Distributor 4
(c) The customer demands that will not be met are as follows:
Distributor 1 will have a shortfall of 2 units.
Distributor 2 will have a shortfall of 1 unit.
Distributor 3 will have a shortfall of 1 unit.
Distributor 4 will have a shortfall of 1 unit.
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Given the demand and supply functions for product Z : 800-20Pz and 100+10z
A. Determine the price and quantity at which the market for product Z is in equilibrium and show graphically. 2marks
B. Calculate consumer surplus, producer surplus as well as the total welfare of economic agents and illustrate graphically 2marks
C. If Government imposes a tax of Ghc 20 per unit, calculate the new equilibrium price and quantity and show graphically on the same graph. 2marks
D. Explain briefly the impact of the tax on equilibrium price and quantity 1mark
E. What portion of tax is borne by consumers and the producer?1mark
F. What is the total tax revenue to government? 1mark
G. Calculate the deadweight loss from the tax imposition 2marks
H. After the tax imposition, government decides to grant producers a subsidy of Ghc30 per unit produced. Calculate the new equilibrium price and quantity. 2marks
I. Explain briefly the impact of the subsidy on equilibrium price and quantity 1mark
A. Market Equilibrium Price of product Z is represented by Pz
Demand function = 100 + 10PzSupply function = 800 - 20Pz
Equilibrium point can be calculated when the demand function is equal to the supply functioni.
e. 100 + 10Pz = 800 - 20Pz30Pz = 700Pz = 23.33
Quantity at which the market for product Z is in equilibrium can be calculated by putting the value of price in either demand or supply function.
Quantity at equilibrium, Qz = 100 + 10(23.33)Qz = 233.3Graphical representation of Market Equilibrium
B. Consumer Surplus and Producer Surplus The formula for calculating Consumer Surplus, CS = 1/2(Q1-Q2)(P1-P2)
The formula for calculating Producer Surplus, PS = 1/2(Q2-Q1)(P2-P1)
Where P1 = 100 + 10(23.33) = 333.3P2 = 800 - 20(23.33) = 333.3Q1 = 800 - 20(333.3) = 466.6Q2 = 100 + 10(333.3) = 3333.3Consumer Surplus, CS = 1/2(3333.3-233.3)(333.3-23.33) = 32915.6
Producer Surplus, PS = 1/2(466.6-3333.3)(333.3-23.33) = 32915.6
Total Welfare of Economic AgentsTotal welfare of economic agents is the sum of consumer surplus and producer surplus
Total welfare of economic agents = CS + PS = 65831.2
Graphical representation of Consumer Surplus and Producer Surplus
C. Imposing Tax of GHC 20 per unitThe new supply function will be represented as follows:
New supply function = 800 - 20(Pz - 20) = 800 - 20Pz + 400Pz = 25
New equilibrium price can be calculated by putting the value of Qz in the demand function.
Pz = 800 - 20(25)Pz = 300Graphical representation of the imposition of tax
D. Impact of Tax on Equilibrium Price and Quantity The tax imposition leads to the rise of equilibrium price of product Z from GHC 23.33 to GHC 25.
The equilibrium quantity decreases from 233.3 to 225.
Therefore, the tax leads to an increase in the price of product Z and decrease in the quantity of product Z supplied.
Therefore, the subsidy leads to a decrease in the price of product Z and increase in the quantity of product Z supplied.
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