...Assignment 1: Demand Estimation Due Week 3 and worth 200 points Imagine that you work for the maker of a leading brand of low-calorie, frozen microwavable food that estimates the following demand equation for its product using data from 26 supermarkets around the country for the month of April. For a refresher on independent and dependent variables, please go to Sophia’s Website and review the Independent and Dependent Variables tutorial, located at http://www.sophia.org/tutorials/independent-and-dependent-variables--3. Option 1 Note: The following is a regression equation. Standard errors are in parentheses for the demand for widgets. QD = - 5200 - 42P + 20PX + 5.2I + 0.20A + 0.25M (2.002) (17.5) (6.2) (2.5) (0.09) (0.21) R2 = 0.55 n = 26 F = 4.88 Your supervisor has asked you to compute the elasticities for each independent variable. Assume the following values for the independent variables: Q = Quantity demanded of 3-pack units P (in cents) = Price of the product = 500 cents per 3-pack unit PX (in cents) = Price of leading competitor’s product = 600 cents per 3-pack unit I (in dollars) = Per capita income of the standard metropolitan statistical area (SMSA) in which the supermarkets are located = $5,500 A (in dollars) = Monthly advertising expenditures = $10,000 M = Number of microwave ovens sold in the SMSA in...
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...Week 3 Chapter 5: Exercises 1, 5, 6, and 9 1. Prizer Corporation sales of snowmobiles: a. S = k(YZ)/P = 100(11,000 1200)/20,000 = 66,000 b. S = 100(11,000 1200)/17,500 = 75,429. Sales revenue rises. In general, when price falls and total revenue rises, we learn the snowmobiles are elastic. c. Obtain time series data on S, Y, Z and P and use regression techniques to estimate k. One way to do this is to use a double log style, as in Log S = log k + log Y + log X – log P. The intercept is log k. To find the anti-log of it, use the exponential, elog k. d. Sales in period t+1 are a function of variables whose values are unknown prior to period t+1. Therefore, before one could estimate St, one would first have also to estimate Yt, Zt, and Pt. 5. Forecasting with smoothing methods: a. We can fill in the moving averages. For this problem, the column headed as 5-Year Moving Average is the actual annual figure, and your job is to forecast 2010 for that column and all the other empty columns. The bold and underscored numbers fill in the table on the next page. Year | Actual Demand | 3-year MA | 3-year MA | Ex Smooth | Ex Smooth | | | | | W = .9 | W= .3 | 2000 | 800 | xxxx | xxxx | xxxx | xxxx | 2001 | 925 | xxxx | xxxx | 800 | 800 | 2002 | 900 | xxxx | xxxx | 912.50 | 837.50 | 2003 | 1025 | xxxx | 900 | 901.25 | 856.25 | 2004 | 1150 | xxxx | 1025 | 1012.63 | 906.88 | 2005 |...
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...Demand Estimation Managerial Economics & Globalization – ECO 550 Dr. Lundondo Mumeka July 17, 2014 Introduction This assignment is trying to compute the elasticities for each independent variable in a giving regression equation for the demand of a leading brand of low-calorie microwavable food across 26 superstores for the month of April. The linear equation provided is QD = -5200 – 42P + 20 PX + 5.2I + .20A + .25M which suggests that it is dependent on the following variables: * P - Price of the product * PX – Price of the leading competitor’s product. * I – Per capita income of the standard metropolitan statistical area in which the superstores are located. * A – Monthly advertising costs. * M – No. of microwaves sold in the metropolitan areas being considered. Then determining the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies of the product. And also create the supply and demand curves at different prices to determine the equilibrium price and quantity. Finally, evaluate factors that could impact the rightward / leftward shifts of the demand and supply curves. Computing the elasticities for each independent variable. The following data was provided by the professor that needs to be plugged into the Demand equation above to determine the Quantity demanded (QD): PX = 600 I = 5,500 A = 10,000 M = 5,000 QD = -5200 – 42P + 20 PX + 5.2I + .20A + .25M QD =...
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...after he was murdered. His body was floating in the water with a heavy object tied to his neck anchoring his body. His killers were arrested and were put on trial but they were found not guilty for what they had done to him. Emmett’s mother saw what they had done to her child, and demanded that they would have an open cast sighting at the funeral so that everyone knew what had happened to her son.At first people ignored it like it was a normal thing but then they started to take the matter very seriously. James Dean killed in car accident by: Teseney Scales The actor James Dean, age 24, died in a car crash. James was driving to an auto rally in Salinas, California when he had crashed head-on into a 1950 Ford Tudor with his new Porsche 550 Spyder. Rebel Without a Cause was released today, which caused James Dean’s death to soar to cult status even though he was already a famous actor. James, who is forever frozen as the talented, misunderstood, rebellious youth, will always remain the symbol of teenage angst. Two hours after James Dean was pulled over by the police, Donald Turnupseed, the owner of the 1950 Ford, had pulled out in front of the Porsche. He was traveling east on Highway 466 and was tempting to turn left onto Highway 41. He had started to make his turn before he saw the roaring Porsche hurling towards him. Without time to turn the two cars crashed into each other head-on. The injuries of the victims in the accident were very critical. Turnupseed, owner of the Ford...
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...Programme Description Duration / Mode of Programme Students may enrol on a full-time or part-time basis. Full-time students must enrol for a minimum of 9-12 credit hours per semester. Part-time students may register for 6 credit hours each semester. The duration of studies for both full-time and part-time students is as follows: Status | Minimum | Normal | Maximum | Part time | 2 academic years | 4 academic years | 5 academic years | Full time | 1 1/2 academic years | 2 academic years | 3 academic years | 28 credit hours of coursework + 12 credit hours of dissertation Entry Requirements Programme Structure The Masters in Accounting programme comprises of 28 credit hours of coursework (10 courses) and 12 credit hours of dissertation. Core Courses Course Code | Course Name | ACC 6610 | Financial Accounting And Reporting | ACC 6620 | Managerial Accounting | ACC 6630 | Accounting Theory And Policy | ACC 6640 | Islamic Worldview And Accounting Ethics | ACC 6810 | Islamic Accounting And Finance | ACC 6820 | Accounting Research Methods | ACC 6650 | Introduction to Library Search & Academic Writing | ACC 6660 | Literature Review | | | Elective Courses Course Code | Course Name | ACC 6830 | Accounting For Islamic Institutions | ACC 6840 | Issues In Auditing | ACC 6850 | Issues In Taxation | ACC 6860 | Issues In Public Sector Accounting | A candidate shall be required to pass all the courses with at least a "B" grade and...
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...Marketing Plan for Brand Roll of MarkStrat firm R Period 2 Submitted by: Zac Lennon Submitted to: The Board of Directors Executive Summary The brands performance for the first period wasn’t where we wanted it to be but we see many opportunities for this brand to grow and expand. The strength of this brand is that the performance level is higher than any of its competitors. The weakness is that this product has such a high base cost that we were forced to have such a high retail price. The plan to improve the brand performance is to do an R&D project to reduce the base cost which will allow us to make more money and to also reduce the selling price to its competitors. In return this will also put us in good standing with our primary target market and will make us the only firm with sole control of the explorer market. The performance objectives for the first period were as followed. The sales of the first period were 13,100, while we only got 8.1% of our primary target market. We understand completely that this isn’t good enough and we are doing everything in our power to fix this so it doesn’t happen again next period. Our goal for next period is to have at least 20% of the market share. We will see it is attainable because of all the changes that we will discuss with you later on this paper. I. Overview a. The brands current primary target segment is explorers. The other competitive brands in the segment are TOPS and LOOP. The brand in a way has a secondary...
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...Analysis of the Business Cycle and its Impact on Economic Indicators Olufunmilayo Ogutuga Economics For Managers ECON 550 Professor Saad Khalil December 10, 2011 | | Abstract It is no surprise that the economy of The United States of America is going through a cyclical peak. During the various business cycles, economic indicators revealed how the economy is doing based on gross domestic product, employment, inflation, retails sales etc. This paper would critically examine the business cycle and its implications in terms of higher sales, consumer demands and labor cost. It will also analyze how economic indicators such as Real GDP, Unemployment and Inflation have been impacted by the current and unfortunate economic situation faced in the United States today. Introduction The United States, like many other countries, is experiencing a major change in its economic system; and it is currently coming out of a recessionary business cycle which saw the production of goods and services decline, and unemployment on the rise; but the economy is moving at a snail's pace, easing into a peak. The paper will focus on how to interpret the business cycle and explain the current business cycle in the United States through an in-depth and critical look at the economic indicators. These Economic indicators will reveal the current economic situation...
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...Making Decisions Based on Demand and Forecasting Robyn Wilson Strayer University Econ 550 Assignment One January 31, 2013 Report the demographic and independent variables that are relevant to complete a demand analysis providing a rationale for the selection of the variables. Demographics are an important variable when choosing target marketing strategies. The variables are relevant to complete a demand analysis by providing a rationale for the selection of the variables. Whithin my area, Cross, SC, I am looking at local demographics and paying special attention to the following: • Age: Persons under 18 years percent 27.4% • Income levels: Average 39,779 per household • Persons below poverty level: 17.2% • Education: Bachelor degree age 25+ percent 13.1% • Housing: ownership rate 57.9% Making an informed analysis will inform you about the spending and eating habits of the people who live in the servicing area. Demogrphics give you a clear understanding of the areas behavior, values, cultures, interests and lifestyles of the community. Data research was consider because of the amount of time given for the assignment. The success of Domino’s opening a location in Cross, SC will depend on the factors listed above. Having a customer loyalty program that will have frequent customers that will come buy the products will help the company save on selling expenses...
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...Does your career plan include a world of lifelong success? Program of Professional Studies THE CERTIFIED GENERAL ACCOUNTANTS ASSOCIATION OF BRITISH COLUMBIA We see more than numbers. Choose a career that places you on the path to lifelong success. It’s all about opportunity. Accounting professionals can work in any sector, anywhere in the world. And when you choose CGA, you’ll gain the leadership, problem-solving and technical skills that are sought after by organizations in the private, public and not-for-profit sectors. The CGA Program of Professional Studies gives you the tools to succeed in business, no matter where your career takes you. You’ll enter the workforce with the applied knowledge and demonstrated expertise that employers want, including specialized technical knowledge, sectorspecific competencies, problem-solving skills and the ethical integrity to lead. CGA’s competency-based curriculum is simply your best way to prepare for a rewarding career in financial management. Flexible study options and the freedom to choose the career you want CGA is all about choice. You choose the professional-studies path and real-world experience that best match your career goals and interests. We give you the skills and freedom to work in any type of organization, in any industry, at any level of management. With a CGA designation, your opportunities—both professional and personal, at home and around the world—are limitless. Take your place as a highly respected...
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...The failure of banks can always be prevented by numerous ways. The main technique is to establish the system of regulation in order to reduce the risk of bank failing. With the regulation, the banks would be authorised on the basis of meeting minimum standards, and will continued to be supervised to ensure that certain standards or requirements are maintained. This would instill more confidence to the economic actors.[1] The risk of the banks become poorly capitalised, fraudulently or incompetently run compared to if no system of external regulation were take place will be lower. Unfortunately, the regulation does not perform well as an alternative for the regulation by the market, nor replace the need for management to take prime responsibility for bank’s activities. As time goes by, there has been increasing recognition of both the limitation of regulation and its role. [2] Perhaps, the market discipline will play a greater role in financial and to bring benefits in future. Nevertheless, an effective system of regulation still play an important role in minimising the risk of bank failure and to maintain consumers’ confidence in the banking system. Banking Regulation: Objectives and Rationales The main objectives of banking regulation are to protect the investors and provide prevention of bank failures and depositor runs as well as minimisation of the risk of contagion that these may create.[3] The term regulation is used in a broad sense, Goodhart used it to refer to the...
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...Shaping America HIST 1301: U. S. History to 1877 Section 21404 INET (3 credit hours) Brookhaven College/Dallas TeleCollege, Fall 2014, August 27 – December 11 Instructor: Tara Kirk, M. A. E-Mail: tara.kirk@dcccd.edu Office Hours: Available for questions by e-mail. Phone: 972-860-7444 x21221 Welcome to Shaping America - History 1301 online! This course examines an exciting time in U.S. history, from exploration and settlement to the Civil War and Reconstruction. This syllabus is designed to give you all the information you need to successfully complete this course. Please pay special attention to the Course Work and Course Calendar sections to stay up to date with assignments and exams. COURSE DESCRIPTION & OBJECTIVES Prerequisite: Developmental Reading 0093 or English as a Second Language (ESOL) 0444 or have met the Texas Success Initiative (TSI) standard in Reading. A survey of the social, political, economic, cultural, and intellectual history of the United States from the pre-Columbian era to the Civil War/Reconstruction period. United States History I includes the study of pre-Columbian, colonial, revolutionary, early national, slavery and sectionalism, and the Civil War/Reconstruction eras. Themes that may be addressed in United States History I include: American settlement and diversity, American culture, religion, civil and human rights, technological change, economic change, immigration and migration, and creation of the federal government. Coordinating Board Academic...
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...Econ Economic Issues Lindsay Honea HCS/440 June 7, 2016 Christopher Clarke Economic Issues Health care economics provides theories of production, inequalities, effectiveness, regulation and competition to help keep health care running smoothly and efficiently (Getzen, 2013, p. 2-15). One key factor that health care economist are watching is medical plans provided to help cover the cost of care for individuals. These plans are put in place to help take some of the burdens off of the person while helping find affordable, reliable, quality care. Castor Collins is a health insurance group that provides insurance plans to companies to help cover their employees. In the University of Phoenix simulation (n.d.), two large organizations have come to Castor Collins to determine the right plan for their employees. As the VP of Castor Collins, it is my job to help them find the plan that fits their budget, one that is cost effective, and provides quality care. Castor Collins Health Plan is a regional HMO plan that started in 1999. This plan provides coverage to 100,000 people in its state. They are looking to increase the number of individuals that it covers. My colleagues (Helen Feuerman CEO, Jonathan Wilkes, MD, Chief Medical Officer, and Adam Hunter Executive Vice President of Planning and development) and I will be looking at options of the best way to provide this coverage for the individual, the companies who employ them, and Castro Collins (University of Phoenix, n.d...
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...Making Decisions Based on Demand and Forecasting Latonya Woodrow Instructor Name: Dr.Samuel F. Onipede ECO 550 –Managerial Economics and Globalization July 21, 2013 College Students buy pizza in large quantities for a cheap price, but if the prices were to increase, then these same students may look for similar alternatives that will not empty their wallets. These are possible alternatives that offer a large quantity of food at a reasonable price that can affect the demand of pizza. However, monitoring the costs of the competing fast food restaurants in the Charlotte, North Carolina, area will allow Domino’s Pizza to offer certain specials and pizza deals to the community that can keep their demand at a high rate. A market demand analysis is used to help understand how much consumer demand there is for a given product or service. This type of analysis will help determine if a business can successfully enter a market and generate enough revenue and profit to maintain the business. One must identify the market and the growth potential. Domino’s Pizza was incorporated in 1963 and has been franchising since 1967. A traditional Domino’s store is located in shopping centers and/or strip malls with appropriate parking for delivery vehicles and walk-in customers for carry-out services...
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...ACC 560,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACC 560,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACC 561,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACC 561,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACC 565,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACC 565,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACCT 346,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACCT 346,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACCT 434,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACCT 434,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACCT 567,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACCT 567,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, PHI 200,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, PHI 200,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, Res 301,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, Res 301,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford BA 215,Course...
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...ECON 311 - Intermediate Macroeconomics (Professor Gordon) Second Midterm Examination: Fall 2008 Answer sheet YOUR NAME: ___________________________________ Circle the TA session you attend: Briana Chang 9AM 3PM Brian O’Quinn 9AM 3PM Assaf Patir 9AM 3PM INSTRUCTIONS: 1. The exam lasts 1 hour. 2. The exam is worth 60 points in total: 30 points for the multiple choice questions and 30 points for the two analytical problems. 3. Write your answers for part A (the multiple choice section) in the blanks below. You won’t get credit for circled answers in the multiple choice section. 4. Place all of your answers for part B in the space provided. 5. You must show your work for part B questions. There is no need to explain your answers for the multiple choice questions. 6. Only hand in the answer packet. 7. Good luck! PART A: Multiple Choice Problems Answer multiple choice questions in the space provided below. USE CAPITAL LETTERS. |1. __C____ |6. ___C___ |11. ___A___ |16. __D____ |21. __C____ |26. ___C___ | |2. ___A___ |7. ___D___ |12. ___D___ |17. __D___ |22. __D___ |27. ___B___ | |3. ___B___ |8. ___C___ |13. ___A___ |18. __C____ |23. __C____ |28. __ D___ | |4. ___C___ |9. ___A___ |14. __ A___ |19. __A___ |24. __B____ |29. __C___...
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