...Chapter 3: Answers to Questions and Problems 1. a. When P = $12, R = ($12)(1) = $12. When P = $10, R = ($10)(2) = $20. Thus, the price decrease results in an $8 increase in total revenue, so demand is elastic over this range of prices. b. When P = $4, R = ($4)(5) = $20. When P = $2, R = ($2)(6) = $12. Thus, the price decrease results in an $8 decrease total revenue, so demand is inelastic over this range of prices. c. Recall that total revenue is maximized at the point where demand is unitary elastic. We also know that marginal revenue is zero at this point. For a linear demand curve, marginal revenue lies halfway between the demand curve and the vertical axis. In this case, marginal revenue is a line starting at a price of $14 and intersecting the quantity axis at a value of Q = 3.5. Thus, marginal revenue is 0 at 3.5 units, which corresponds to a price of $7 as shown below. Price $14 $12 $10 $8 $6 $4 $2 Demand $0 0 1 2 3 MR 4 5 6 Quantity Figure 3-1 Managerial Economics and Business Strategy, 5e Page 1 2. a. At the given prices, quantity demanded is 700 units: d Qx = 1000 − 2 (154 ) + .02 ( 400 ) = 700 . Substituting the relevant information into Px 154 = −2 = −0.44 . Since this is less 700 Qx than one in absolute value, demand is inelastic at this price. If the firm charged a lower price, total revenue would decrease. b. At the given prices, quantity demanded is 300 units: d Qx = 1000 − 2 ( 354 ) + .02 ( 400 ) = 300 . Substituting the relevant information...
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...quantitative methods, such as the use of historical sales data. As an example, soft drink consumption in cans per capita across 48 contiguous in the United States can be defined using multiple regression analysis. It used to be multiple regressions due to involving several independent variables which is six-pack price, income per capita and mean temperature. Table 1 Soft Drink Demand Data Cans/Capita/Yr 6-Pack $ Price Income $/ Capita Mean Temp Alabama 200 2.19 13 66 Arizona 150 1.99 17 62 Arkansas 237 1.93 11 63 California 135 2.59 25 56 Colorado 121 2.29 19 52 Connecticut 118 2.49 27 50 Delaware 217 1.99 28 52 Florida 242 2.29 18 72 Georgia 295 1.89 14 64 Idaho 85 2.39 16 46 Illinois 114 2.35 24 52 Indiana 184 2.19 20 52 Iowa 104 2.21 16 50 Kansas 143 2.17 17 56 Kentcuky 230 2.05 13 56 Lousiana 269 1.97 15 69 Maine 111 2.19 16 41 Maryland 217 2.11 21 54 Massachussets 114 2.29 22 47 Michigan 108 2.25 21 47 Minnesota 108 2.31 18 41 Mississpi 248 1.98 10 65 Missouri 203 1.94 19 57 Montana 77 2.31 19 44 Nebraska 97 2.28 16 49 Nevada 166 2.19 24 48 New Hampshire 177 2.27 18 35 New Jersery 143 2.31 24 54 New Mexico 157 2.17 15 45 New York 111 2.43 25 48 North California 330 1.89 13 59 North Dakota 63 2.33 14 39 Ohio 165...
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...Chapter 3: Answers to Questions and Problems 1. a. When P = $12, R = ($12)(1) = $12. When P = $10, R = ($10)(2) = $20. Thus, the price decrease results in an $8 increase in total revenue, so demand is elastic over this range of prices. b. When P = $4, R = ($4)(5) = $20. When P = $2, R = ($2)(6) = $12. Thus, the price decrease results in an $8 decrease total revenue, so demand is inelastic over this range of prices. c. Recall that total revenue is maximized at the point where demand is unitary elastic. We also know that marginal revenue is zero at this point. For a linear demand curve, marginal revenue lies halfway between the demand curve and the vertical axis. In this case, marginal revenue is a line starting at a price of $14 and intersecting the quantity axis at a value of Q = 3.5. Thus, marginal revenue is 0 at 3.5 units, which corresponds to a price of $7 as shown below. Price $14 $12 $10 $8 $6 $4 $2 Demand $0 0 1 2 3 MR 4 5 6 Quantity Figure 3-1 Managerial Economics and Business Strategy, 7e Page 1 2. a. At the given prices, quantity demanded is 700 units: d Qx = 1000 − 2 (154 ) + .02 ( 400 ) = 700 . Substituting the relevant information into Px 154 = −2 = −0.44 . Since this is less 700 Qx than one in absolute value, demand is inelastic at this price. If the firm charged a lower price, total revenue would decrease. b. At the given prices, quantity demanded is 300 units: d Qx = 1000 − 2 ( 354 ) + .02 ( 400 ) = 300 . Substituting the relevant information...
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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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...Home | Bookmark Featured: Ford Figo, CB Twister, Chevrolet Beat, Nissan Micra, Bajaj Platina 125, Jazz Select Sign in | Sign up Automotive | Celebrities | Education Institutes | GK | Images & Wallpapers | Jokes | Movies | Mobiles | SMS | Tips | Quotes | Videos SMS Collection Afternoon15 Angry64 Anniversary92 ASCII561 Bengali46 Birthday1028 Bless56 Cool301 Cute106 Encouragement469 Evening21 Exams154 Festivals2314 Fool432 Friendship6470 Funny3719 Get Well Soon32 Good Luck92 Good Morning1413 Good Night1043 Good Pick Up Lines84 Greetings310 Hindi3899 Insult617 Jokes4697 Life517 Love9842 Malyalam51 Marathi20 Miscellaneous463 Naughty433 New Year816 Nice460 Nice Day183 Occasions385 Other102 Pick Up Lines109 Poetry21 Politics141 Punjabi1064 Quotes5786 Relations590 Riddles310 Shayari11452 Short0 Smile256 Sorry91 Tamil49 Thanksgiving4 Tongue Twister929 SMS: More SMS Archive View All Categories Top Contributors Mobile Phones Reviews and Info You are here: MaxAbout.com > Gadgets > Mobiles >SMS Section Shortcut: sms.maxabout.com Love SMS Popularity | Date Added Sort: Popularity | Date Added Please enter a word in the textbox above to find SMS. Featured SMS Friendship Hindi Love Love Romantic Shayari | More Affection is not a game between hearts... It is a honourable feeling between hearts... One should understand others feeling without any words...! By: aji In Love SMS Like [1] I want my eyes...
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...Sections Found Accounting Select CRN Subj Crse Sec Cmp Cred NR 21138 ACC 201 01 M 3.000 Title Fund of Financial Accounting Days Time TRU Instructor Date Location Attribute (MM/DD) 02/03-06/01 SBM 009 Design Managmnt Major_Elective and Design Managmnt Minor_Elective and Economics Major_BAE_Elective and Eng'g Managmnt_Minor_Elective and MTH Major_Elective Design Managmnt Major_Elective and Design Managmnt Minor_Elective and Economics Major_BAE_Elective and Eng'g Managmnt_Minor_Elective and MTH Major_Elective Design Managmnt Major_Elective and Design Managmnt Minor_Elective and Economics Major_BAE_Elective and Eng'g Managmnt_Minor_Elective and MTH Major_Elective Design Managmnt Major_Elective and Design Managmnt Minor_Elective and Economics Major_BAE_Elective and Eng'g Managmnt_Minor_Elective and MTH Major_Elective Design Managmnt Major_Elective and Design Managmnt Minor_Elective and Economics Major_BAE_Elective and Eng'g Managmnt_Minor_Elective and MTH Major_Elective Design Managmnt Major_Elective and Design Managmnt Minor_Elective and Economics Major_BAE_Elective and Eng'g Managmnt_Minor_Elective and MTH Major_Elective Design Managmnt Major_Elective and Design Managmnt Minor_Elective and Economics Major_BAE_Elective and Eng'g Managmnt_Minor_Elective and MTH Major_Elective 09:00 Marian I. Mason am-09:50 (P) am NR 21139 ACC 201 02 M 3.000 Fund of Financial Accounting TRU Ronald D. 12:00 pm-12:50 Williams (P) pm 02/03-06/01 SBM 012 ...
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...“5 ways the iPhone changed our lives” On June 28, 2007, Nokia was the top selling mobile-phone company in the world, people stopped working when they left their computers, Android phones didn't exist, and high-powered executives were addicted to thumbing on their BlackBerrys. The next day, Apple's first iPhone went on sale. At $600, it was a luxury item at first. But five years later, the phone's dramatic impact can be seen in our daily lives, schools, factories and boardrooms. To date, more than 217 million iPhones have been sold, and they're being used by construction workers to read blueprints, doctors to diagnose patients, governments to improve services and parents to quiet their kids in restaurants. To ring in its 5th birthday, here are five ways the iPhone has made a mark on the world. A new way of interacting with computers In 2007, we were a nation of skilled texters, banging out OMG-filled coded messages at lightning speeds on numerical keypads and physical keyboards. The iPhone was lacking either of those, instead offering a nothing-but-screen keyboard. It was a classic Apple move toward dead-simple usability, and it helped bring a slice of computing to a whole new audience, including technophobes, kids, senior citizens and people with visual or hearing impairments. Suddenly, users could navigate their phones with a few swipes of the finger. Kids intuitively seemed to know how to use it. And the phone ushered in a new wave of touchscreen devices...
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...At 9:18 a.m. on March 2, 1998, petitioner called 911 to report that his stepdaughter, referred to here as L. H., had been raped. He told the 911 operator that L. H. had been in the garage while he readied his son for school. Upon hearing loud screaming, petitioner said, he ran outside and found L. H. in the side yard. Two neighborhood boys, petitioner told the operator, had dragged L. H. from the garage to the yard, pushed her down, and raped her. Petitioner claimed he saw one of the boys riding away on a blue 10-speed bicycle. When police arrived at petitioner’s home between 9:20 and 9:30 a.m., they found L. H. on her bed, wearing aT-shirt and wrapped in a bloody blanket. She was bleeding profusely from the vaginal area. Petitioner told police he had carried her from the yard to the bathtub and then to the bed. Consistent with this explanation, police found a thin line of blood drops in the garage on the way to the house and then up the stairs. Once in the bedroom, petitioner had used a basin of water and a cloth to wipe blood from the victim. This later prevented medical personnel from collecting a reliable DNA sample. L. H. was transported to the Children’s Hospital. An expert in pediatric forensic medicine testified that L. H.’s injuries were the most severe he had seen from a sexual assault in his four years of practice. A laceration to the left wall of the vagina had separated her cervix from the back of her vagina, causing her rectum to protrude into the vaginal...
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...GHIDUL ARHIVELOR DIN REPUBLICA MOLDOVA GHIDUL ARHIVELOR DIN REPUBLICA MOLDOVA Echipa de implementare: Mihai Taşcă (director Proiect), Alexandru Postică, Valentina Basiul, Tudor Ciobanu, Sergiu Musteaţă şi Corina Rezneac. Proiect: Desecretizarea Arhivei Serviciului de Informaţii şi Securitate al Republicii Moldova, finanţat de către Programul de Drept al Fundaţiei Soros Moldova. Proiectul a fost gestionat de către Asociaţia Naţională a Tinerilor Istorici din Moldova – ANTIM Acest volum este editat cu sprijinul financiar al Fundaţiei Soros-Moldova (FSM) GHIDUL ARHIVELOR DIN REPUBLICA MOLDOVA Responsabil de ediţie: dr. în drept Mihai Taşcă CZU 930.25(478) G 49 Descrierea CIP a Camerei Naţionale a Cărţii Ghidul arhivelor din Republica Moldova / alcăt.: M. Taşcă, A. Postică, V. Basiul [et al.]; red. şt.: Svetlana Ţircunova. – Ch.: Pontos, 2011 („Tipogr. Reclama” SA). – 204 p. 1000 ex. ISBN 978-9975-51-282-4 930.25(478) G 49 Lector: Tamara Osmochescu Tehnoredactare şi prepress: Gabriel Andronic Copertă: Ruxanda Romanciuc ISBN 978-9975-51-282-4. CUPRINS I. PARTEA INTRODUCTIVĂ Lista de abrevieri ............................................................................................. 9 Notă asupra ediţiei ........................................................................................ 10 Silviu Andrieş-Tabac. Istoricul Arhivelor Republicii Moldova ................... 12 Mihai Taşcă. Cadrul juridic şi organizarea Fondului Arhivistic în Republica Moldova...
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...An Analysis of the Consensual Relationship Agreements Case Study Assignment 1 By: STUDENT NAME: Lloyd D. Gaines Jr. TO: Dr. W. D. Wilkerson Professor: COURSE NAME: BUS 520: Leadership and Organization Behavior STRAYER UNIVERSITY WASHINGTON, DC April 16, 2012 Consensual Relationship Agreements Case Study Introduction The Purpose of this case study is to examine the Consensual Relationship Agreement Case Study. “Historically, sexual relationships between employees have been viewed as private matters beyond the purview of the company and not involving special ethical issues” (Stamler, Pace & Stone p.218 1997) Employees who engage in workplace relations usually have to sign a contract. This contract ensures that the involved parties will uphold the strict policies and standards of employee etiquette. A typical consensual relationship agreement includes the guidelines on how love struck staff should behave. In analyzing the case, concepts will be identified in the areas of organizational behavior models of individual, group, and organizational processes how ethical decisions are made, and concepts of individual differences, personality traits, and perspectives. According to Hellriegel & Slocum (2011) the characteristics of a Consensual Relationship Agreement is defined as contract that set boundaries on certain office romance situations. They go as the following:...
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...Accounting Standards Harmonization and Financial Statement Comparability: Evidence from Transnational Information Transfer Clare Wang The Wharton School University of Pennsylvania wclare@wharton.upenn.edu Current Version: January 2011 Abstract This study investigates whether harmonization of accounting standards enhances the comparability of Önancial information across countries. First, I statistically deÖne and link comparability to Örm value in a two-Örm, sequential information release framework. I then empirically test the prediction that a Örm yet to announce earnings reacts more strongly to the earnings announcement of a foreign Örm when both report under the same rather than di§erent accounting standards. My analysis of abnormal price and volume reactions for a global sample of Örms supports this prediction. Next, in an attempt to control for the e§ects of changes in reporting quality, I use a di§erence-in-di§erences design around the mandatory introduction of International Financial Reporting Standards (IFRS). I Önd that mandatory adopters experience a signiÖcant increase in market reactions to the release of earnings by voluntary adopters compared to pre-mandatory adoption. This increase is not observed for non-adopters over the same period. Taken together, my study shows that accounting standards harmonization facilitates transnational information transfer, and suggests comparability as a direct mechanism. I thank my dissertation committee members Brian Bushee,...
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...Fall 2012 Final Examination Schedule Exam Section(s) Day Date Start Finish Location 1 ACTSC 221 ACTSC 231 ACTSC 232 ACTSC 331 ACTSC 371 ACTSC 372 ACTSC 431 ACTSC 432 ACTSC 445 ACTSC 446 ACTSC 463 ACTSC 471 ACTSC 831 ACTSC 832 ACTSC 845 ACTSC 846 ACTSC 863 AFM 101 AFM 123 AFM 131 AFM 204 AFM 273 AFM 291 AFM 333 AFM 371 AFM 372 AFM 391 AFM 401 AFM 415 AFM 451 AFM 461 AFM 471 AFM 472 AFM 476 AFM 481 001 001,002 001 001 001 001 001 001 001 001 001 001,002 001 001 001 001 001 001 to 006 001 001 to 006 001 001 to 005 001 to 006 001 to 003 001,002 001 001 to 003 001 to 004 001 001 to 003 001 to 004 001 to 003 001 to 003 001,002 001 to 003 Tuesday Friday Friday Friday Thursday Saturday Saturday Thursday Tuesday Thursday Friday Saturday Saturday Thursday Tuesday Thursday Friday Monday Monday Thursday Friday Thursday Tuesday Tuesday Monday Monday Tuesday Thursday Friday Friday Monday Saturday Monday Saturday Thursday December 11, 2012 December 14, 2012 December 7, 2012 December 7, 2012 December 13, 2012 December 15, 2012 December 8, 2012 December 6, 2012 December 11, 2012 December 13, 2012 December 7, 2012 December 15, 2012 December 8, 2012 December 6, 2012 December 11, 2012 December 13, 2012 December 7, 2012 December 17, 2012 December 17, 2012 December 13, 2012 December 7, 2012 December 13, 2012 December 11, 2012 December 11, 2012 December 17, 2012 December 17, 2012 December 11, 2012 December 6, 2012 December 14, 2012 December 7, 2012 December 10, 2012 December 15, 2012...
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...Target Financial Reporting Quality and M&A Deals that Go Bust* HOLLIS A. SKAIFE, University of Wisconsin–Madison DANIEL D. WANGERIN, Michigan State University 1. Introduction This study investigates whether target firms’ financial reporting quality affects the likelihood that merger and acquisition (M&A) deals will ultimately be terminated. Managers looking to increase their market share, enter new markets, or diversify their operations will consider acquiring another company based on the company’s performance, geographic locations, and lines of business, respectively. If the potential target is a U.S. publicly traded company, an acquirer’s initial assessment of the expected benefits associated with the acquisition of the company is based on publicly available information. Generally, the acquirer obtains limited private information from the target prior to the signing of the acquisition agreement. Although an acquisition agreement creates a binding contractual obligation for both entities to go forward with the deal, it does not guarantee completion of the deal. The acquisition agreement typically contains a warranty by the target that its financial statements are prepared in accordance with generally accepted accounting principles (GAAP). If this warranty is breached, the deal can be terminated. We hypothesize that low-quality financial reporting by target firms prior to the announcement of a deal increases the likelihood that a target firm’s U.S. GAAP warranties stated in the acquisition...
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...Market Research Hotel and Leisure Hotel room inventories in metro manila continue to increase annually with last year posting over 800 new units delivered. These hotels include acacia grove hotel (262 rooms) in alabang, f1 city center (240) in bonifacio global city and the recently completed remington hotel (300 units) in new port city. As of 2h 2011, overall hotel occupancy was at 65% while room rates for both five-star and four-star remain generally stable at us$255 to us$260 per night. Expectation on occupancy is to exceed 65% at the end of this year considering the increase in visitor arrivals particularly towards the holiday season Supply Investors are kept positive in their outlook on the hotel and leisure industry as key market scenarios had a favourable impact on the tourism sector last year. This includes the rise in business and leisure travel which was driven by competitive travel packages, discounted rates of different airlines and agencies, and heightened local tourism campaigns, over a backdrop of a generally stable economy. The latest government data shows that in the first eleven months of 2011, international arrivals reached 3,522,887 or a 12.6% increase over the same period a year ago, even topping the total arrivals of 3,520,471 recorded in the full year of 2010. Similarly, air passengers continued to increase by 14.1% to 14.03 million from January to September...
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