Superior received $3,000,000 in cash when it issued the bonds payable. At maturity, Superior is obligated to repay the full amount of $3,000,000.
Superior received $3,000,000 in cash when it issued the bonds payable.
At maturity, Superior must pay back the full amount of the bonds payable, which is $3,000,000.
Superior will pay cash interest every six months based on the terms of the bond agreement. The exact amount of cash interest to be paid is not provided in the given information and would depend on the interest rate and frequency of interest payments specified in the bond contract.
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6.1) In the Republic of Doppelganger, the currency is the ditto. During 2015, the Treasury of Doppelganger sold bonds to finance the Doppelganger budget deficit. In all, the Treasury sold 80,000 ten-year bonds with a face value of 1,000 dittos each. The total deficit was 80mil− lion dittos. The Doppelganger Central Bank reserve requirement was 16 percent and in the same year, the bank bought 10 million dittos' worth of outstanding bonds on the open market. All of the Doppelganger debt is held by either the private sector (the public) or the central bank. a. What is the combined effect of the Treasury sale and the central bank purchase on the total Doppelganger debt outstanding? On the debt held by the private sector? b. What is the effect of the Treasury sale on the money supply in Doppelganger? c. Assuming no leakage of reserves out of the banking system, what is the effect of the central bank purchase of bonds on the money supply?
a) The total deficit was 80 million dittos.
b) There is no change in the money supply in Doppelganger .
c) central bank's purchase of 10 million dittos' worth of outstanding bonds.
a) The combined effect of the Treasury sale and the central bank purchase on the total Doppelganger debt outstanding:
The Treasury of Doppelganger sold 80,000 ten-year bonds with a face value of 1,000 dittos each, so the total deficit was 80 million dittos.
Central bank reserve requirement is 16 percent and in the same year, the bank bought 10 million dittos' worth of outstanding bonds on the open market.
Thus, the combined effect of the Treasury sale and the central bank purchase on the total Doppelganger debt outstanding will reduce it by 10 million dittos.
On the debt held by the private sector: It is not possible to determine the effect of the Treasury sale and the central bank purchase on the debt held by the private sector, given the information available.
b) The effect of the Treasury sale on the money supply in Doppelganger:
Treasury sales have no direct effect on the money supply. There is no change in the money supply in Doppelganger as a result of the Treasury's sale of bonds to finance the deficit.
c) The effect of the central bank purchase of bonds on the money supply:
When central banks purchase bonds, they increase the money supply. As a result, the money supply in Doppelganger would increase by 10 million dittos as a result of the central bank's purchase of 10 million dittos' worth of outstanding bonds on the open market.
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___________________________ is the process of conveying information in such a way that the message is received and understood.
Communication is the process of conveying information in such a way that the message is received and understood.
It is an essential skill that every person needs to learn in order to establish relationships with others, to learn, to convey ideas and emotions, and to get things done.Communication can take many forms, including verbal, nonverbal, written, and visual. Verbal communication involves the use of spoken words, while nonverbal communication includes facial expressions, body language, and other nonverbal cues that convey meaning. Written communication is conveyed through written words, such as letters, memos, and emails, while visual communication includes the use of images, diagrams, and other visual aids to convey information. In order for communication to be effective, the message must be clear, concise, and relevant to the receiver. The receiver must also be receptive to the message and be willing to listen and understand what is being said. Communication is a two-way process that involves both the sender and the receiver. It requires active listening, feedback, and the ability to adapt to different communication styles.
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In which market will the majority of the tax burden fall on buyers?
The majority of the tax burden falls on buyers in a decentralized or competitive market. In a decentralized or competitive market, the tax burden is primarily borne by buyers or consumers.
In a decentralized or competitive market, the tax burden is primarily borne by buyers or consumers. When a tax is imposed on a product or service, it increases the overall price that buyers have to pay. As a result, the tax is effectively shifted onto the buyers in the form of higher prices.
In such markets, sellers have limited control over pricing due to competition, and they are likely to pass on the tax burden to buyers by increasing the prices of their goods or services. Buyers, therefore, bear the brunt of the tax burden through increased costs for the products they purchase.
It's worth noting that the allocation of the tax burden between buyers and sellers can vary depending on market conditions, the elasticity of demand and supply, and the specific dynamics of the industry. However, in a decentralized or competitive market, buyers typically bear the majority of the tax burden.
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merck updated and modernized its performance management system. all of the following actions were part of the updating process except
The actions Merck took to update and modernize its performance management system are not specified in the given question. The question only asks for the actions that were not part of the updating process.
To provide an explanation, we need to consider potential actions that could be part of updating a performance management system. Some possible actions that could be taken to update and modernize a performance management system include: Implementing technology-driven solutions: This could involve using software or digital tools to automate processes, track performance metrics, and provide real-time feedback to employees.
Promoting employee self-assessment: This could involve encouraging employees to take an active role in assessing their own performance and setting goals for their professional development. Providing training and development opportunities: This could involve offering employees access to training programs, workshops, or resources to enhance their skills and knowledge. Since the question asks for actions that were not part of the updating process, we cannot definitively say which actions were excluded.
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exists when a functional dependence exists among nongrime artnbutes. 3. tirnatite dependency b. partial dependency c. atomic attribute d.repeating group Choose a data type for a five-digit Zip code Choose the best answer 3. SMALINT b. DECMAAL c. CHAR d. VARCHAR
A partial dependency exists when a functional dependence exists among nongrime artnbutes. The correct answer is b. partial dependencyA partial dependency occurs when a non-prime attribute in a table relies on only part of the primary key rather than the entire primary key.
A functional dependence is a relationship between attributes where one attribute's value determines another attribute's value.The correct data type for a five-digit Zip code is CHAR. This is because the Zip code is a sequence of five characters of which the leading 0's are significant.
The CHAR data type is used to store fixed-length character strings. It has a fixed size which is specified during the declaration. The size cannot be changed once the data is stored.Therefore, the answer to the question is b. partial dependency. Choose the best answer for a five-digit Zip code is CHAR.
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QUESTION 1 You are the newly appointed audit manager in charge of the audit of an existing client, PharmaSure (Pty) Ltd, a group of 7 private medical clinics. Although this is the first time that you are involved in this client's audit, it is not your first exposure to a client in the health industry. The reporting deadlines for the audit are fairly tight. Some recent events in the PharmaSure group include the following: - An internal audit division was established during the year, comprising of well-experienced and qualified staff members. - The group has established a group of clinics operational in the rural areas. These clinics are audited by another audit firm. Three new directors were appointed during the year. - The government recently announced that they would intervene in increases announced by orivate hospital groups in order to ensure affordable hospital care. - The legislation on the pricing of medicine resulted in a significant decrease in profits earned on medicine. - The group was involved in the development of PharmaClaims, a system developed to facilitate electronic switching of claims and payments between medical practitioners and medical aid schemes. The system was, however, not completed within the expected time frame, which lead to significant losses to the group, putting strain on their cash flow position. - The group is currently involved in two claims against them based on the negligence by their medical staff. The CEO has, however, indicated that they would be fighting these claims. The following information is a summary of the interim results of PharmaSure (Pty) Ltd: You commenced your planning for the audit of PharmaSure (Pty) Ltd three months before yearend. YOU ARE REQUIRED TO: 1.1 List the benefits of proper planning to the audit. (5) Page 10 of 20 FACULTY OF COMMERCE, MANAGEMENT AND LAW 1.2 Discuss, under suitable headings, any aspects that you will consider and procedures that you will perform during the planning stage of the current year audit of PharmaSure (Pty) Ltd. (20)
To ensure adequate planning and coordination of the audit work with the audit team
Benefits of proper planning to the audit of Pharma Sure (Pty) Ltd
There are a number of benefits of proper planning to the audit of Pharma Sure (Pty) Ltd. These benefits include the following: Enhanced audit quality
Efficient and effective utilization of resources Ensure that the audit is performed within the time frame Reduce the possibility of audit failure Adequate scope of work helps in reducing the possibility of missed audit objectives1.
2 Procedures that will be performed during the planning stage of the current year audit of Pharma Sure (Pty) Ltd
There are several procedures that will be performed during the planning stage of the current year audit of Pharma Sure (Pty) Ltd, which include: Performing a detailed review of the previous year's audit files
To identify the significant risks associated with the business of Pharma Sure (Pty) Ltd Conducting a thorough assessment of the internal control system of the organization in place
To identify the areas that need significant improvement Understanding the business and the industry
To help in understanding the nature of the business and its industry, which would assist in identifying potential risk areas Conducting a discussion with the management team
To obtain a clear understanding of the company's strategy, objectives, and the financial reporting process Conducting a preliminary assessment of materiality
To identify and assess the material risks associated with the business of Pharma Sure (Pty) Ltd Preparing the audit plan
To ensure adequate planning and coordination of the audit work with the audit team
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Following is information on two alternative investments being considered by Tiger Co. The company requires a 6% return from its investments 2 points Project x1 Project x2 (168,000) Initial investment Expected net cash flows in year: (104,000) 37,000 47,500 72,500 78,000 68,000 58,000 eBook Print Compute the internal rate of return for each of the projects using Excel functions. Based on internal rate of return, indicate whether each project is acceptable.
Project x1 is acceptable as its IRR exceeds the required return of 6%. On the other hand, Project x2 is not acceptable as its IRR falls below the required return.
The expected net cash flows for Project x1 are -$104,000, $37,000, $47,500, and $72,500 for years 1, 2, 3, and 4, respectively. For Project x2, the expected net cash flows are $78,000, $68,000, and $58,000 for years 1, 2, and 3, respectively.
By applying the IRR function in Excel, we can determine the rate of return for each project. If the calculated IRR is higher than the required 6% return, the project is considered acceptable. To calculate the internal rate of return for each project, we can use the "IRR" function in Excel.
In Excel, we enter the expected net cash flows as a series of values and use the initial investment as a negative value. For Project x1, the cash flows would be entered as -$168,000, $37,000, $47,500, $72,500, and $78,000. Using the IRR function, Excel calculates that the internal rate of return for Project x1 is approximately 8.63%.
Since this rate is higher than the required 6% return, Project x1 is considered acceptable. For Project x2, the cash flows would be entered as -$168,000, $78,000, $68,000, and $58,000. Using the IRR function in Excel, the internal rate of return for Project x2 is approximately 5.28%. Since this rate is lower than the required 6% return, Project x2 is not considered acceptable.
In conclusion, based on the calculated internal rates of return, Project x1 is acceptable as its IRR exceeds the required return of 6%. On the other hand, Project x2 is not acceptable as its IRR falls below the required return. The IRR calculation helps assess the attractiveness of each project by comparing the rate of return against the company's required return, allowing Tiger Co to make informed investment decisions.
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Project x1 is acceptable as its IRR exceeds the required return of 6%. On the other hand, Project x2 is not acceptable as its IRR falls below the required return.
The expected net cash flows for Project x1 are -$104,000, $37,000, $47,500, and $72,500 for years 1, 2, 3, and 4, respectively. For Project x2, the expected net cash flows are $78,000, $68,000, and $58,000 for years 1, 2, and 3, respectively.
By applying the IRR function in Excel, we can determine the rate of return for each project. If the calculated IRR is higher than the required 6% return, the project is considered acceptable. To calculate the internal rate of return for each project, we can use the "IRR" function in Excel.
In Excel, we enter the expected net cash flows as a series of values and use the initial investment as a negative value. For Project x1, the cash flows would be entered as -$168,000, $37,000, $47,500, $72,500, and $78,000. Using the IRR function, Excel calculates that the internal rate of return for Project x1 is approximately 8.63%.
Since this rate is higher than the required 6% return, Project x1 is considered acceptable. For Project x2, the cash flows would be entered as -$168,000, $78,000, $68,000, and $58,000. Using the IRR function in Excel, the internal rate of return for Project x2 is approximately 5.28%. Since this rate is lower than the required 6% return, Project x2 is not considered acceptable.
In conclusion, based on the calculated internal rates of return, Project x1 is acceptable as its IRR exceeds the required return of 6%. On the other hand, Project x2 is not acceptable as its IRR falls below the required return. The IRR calculation helps assess the attractiveness of each project by comparing the rate of return against the company's required return, allowing Tiger Co to make informed investment decisions.
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In your own words, explain the reasons why a researcher will want to use panel data. Also provide some real-life examples where panel data is used in South Africa.
Panel data is valuable to researchers because it allows them to analyze changes over time and capture individual-specific variations.
It enables the study of dynamics, causal relationships, and the effects of policies or interventions.
Panel data is advantageous for several reasons. First, it provides more observations than cross-sectional data, which enhances statistical power. Second, it allows for the examination of individual-specific effects and their interaction with time-varying variables. Third, panel data permits the control of unobserved heterogeneity through fixed or random effects models. Fourth, it enables the investigation of causal relationships through techniques like difference-in-differences or instrumental variable estimation. Lastly, panel data facilitates the study of long-term trends, shocks, and persistence of phenomena.
In South Africa, panel data is utilized in various research fields. For instance, economists use panel data to analyze the effects of government policies on economic growth, income inequality, or labor market dynamics. Sociologists may employ panel data to examine educational attainment, health outcomes, or social mobility over time. Additionally, panel data is valuable in studying the impact of interventions or programs aimed at reducing poverty, improving education, or enhancing public health in South Africa. Overall, panel data is a versatile tool that allows researchers to uncover valuable insights by capturing temporal and individual-specific variations in a South African context.
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Agile and Waterfall are two popular but distinctive approaches to project management. Compare and state FIVE differences. The table is provided for you as an example.
Five differences between Agile and Waterfall project management approaches are flexibility, iterative development, customer involvement, documentation, and adaptability to change.
1. Flexibility: Agile allows for more flexibility and adaptability throughout the project, whereas Waterfall follows a rigid and sequential process.
2. Iterative Development: Agile uses an iterative development approach, breaking the project into smaller increments or sprints, while Waterfall follows a linear, sequential process with distinct phases.
3. Customer Involvement: Agile emphasizes continuous customer collaboration and feedback, whereas Waterfall typically involves minimal customer involvement until the end product is delivered.
4. Documentation: Agile prioritizes working software over comprehensive documentation, while Waterfall focuses on extensive documentation, such as requirements, design, and test plans.
5. Adaptability to Change: Agile is designed to accommodate and embrace change during the project, allowing for adjustments based on evolving requirements, while Waterfall is less adaptable to change and requires detailed planning upfront.
These differences highlight how Agile and Waterfall's approaches vary in terms of flexibility, development process, customer engagement, documentation needs, and adaptability to change, ultimately impacting project outcomes and management practices.
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Use the AD–AS diagram to show the effect of a stock market
crash
A stock market crash is one of the most devastating events in the economy of a country. It causes a great deal of damage to the economy and leads to a decrease in the economic activity in the country.
The AD-AS diagram shows how this event can impact the economy by changing the level of output and prices in the short run. In this answer, we will use the AD-AS diagram to illustrate the effect of a stock market crash. The AD-AS model consists of two curves, the aggregate demand (AD) curve and the aggregate supply (AS) curve.
The AD curve shows the relationship between the level of output and the price level. It shows the quantity of goods and services that will be demanded at different price levels. On the other hand, the AS curve shows the relationship between the level of output and the price level. It shows the quantity of goods and services that will be supplied at different price levels.
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ABC Corp was invoiced $315,000 from XYZ Corp last year ... they earned a 1% volume rebate on their first $60,000, a 2.5% rebate on the next $120,000, and a 3.5% rebate on their balance over $180,000. What was their total rebate with XYZ Corp last year? Show your calculation. Use brackets if necessary. ____________________________-
ABC Corp purchased 315,000 worth of products from XYZ Corp last year.
They earned a volume rebate of 1% on their first 60,000, 2.5% on the next 120,000, and 3.5% on the balance over 180,000.
We can calculate the rebate earned using the following formula:
Volume rebate = (rebate percentage / 100) * (purchase amount)
So, for ABC Corp:
Rebate on first 60,000 = (1 / 100) * 60,000 = 600Rebate on next 120,000 = (2.5 / 100) * 120,000 = 3,000
Rebate on remaining 135,000 (315,000 - 60,000 - 120,000) = (3.5 / 100) *
135,000 = 4,725
The total rebate earned by ABC Corp is:
600 + 3,000 + 4,725 = 8,325
Hence, ABC Corp's total rebate with XYZ Corp last year is 8,325.
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Q1. (50 marks) The DAMA DMBOK textbook describes the following two core activities as part of the Data Architecture management exercise: "Understanding enterprise information needs" and "Develop and Maintain the Enterprise Data Model". Explain these activities, citing relevant academic sources where appropriate. Your discussion should not simply contain general definitions but should consider the context of the organization described in the case study. For instance, how would each of the components in an Enterprise Data Model apply to the healthcare provider described?
The two core activities of Data Architecture management, as described in the DAMA DMBOK textbook, are "Understanding enterprise information needs" and "Develop and Maintain the Enterprise Data Model.
"Understanding enterprise information needs" involves conducting a thorough analysis of the organization's information requirements and identifying the data elements and attributes necessary to support its operations and decision-making processes.
It requires collaboration with stakeholders to gather their input and ensure that the data architecture aligns with the organization's strategic objectives. This activity helps in identifying the critical data elements and understanding how they relate to each other, forming the basis for the development of an Enterprise Data Model.
"Develop and Maintain the Enterprise Data Model" involves creating a comprehensive representation of the organization's data assets, their relationships, and the rules governing their usage.
The Enterprise Data Model serves as a blueprint for organizing and structuring data within the organization, providing a standardized and consistent approach to data management.
In the context of a healthcare provider, these activities hold significant relevance. Understanding enterprise information needs in healthcare would involve identifying the specific data requirements for patient care, clinical operations, regulatory compliance, and research.
Academic sources, such as research papers on healthcare data management or healthcare information systems, can provide insights into best practices and standards for data modeling in healthcare organizations.
Developing and maintaining the Enterprise Data Model for a healthcare provider would involve capturing essential elements such as patient demographics, medical history, diagnoses, treatments, medications, and clinical workflows.
The model would also need to incorporate industry-specific standards, such as HL7 for data interoperability and clinical terminology standards like SNOMED CT or LOINC.
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Qd = −1.1Px + 2.3Py − 0.43 Pz + 0.0025M
Where Qd is the quantity demanded of good x. Px is the price of good x, Py is the price of good y, and M is consumer income. With respect to good x, good z is a(n):
Group of answer choices
complement.
unrelated good.
substitute.
inferior good
The given formula is [tex]Qd = −1.1Px + 2.3Py − 0.43 Pz + 0.0025M[/tex], where Qd is the quantity demanded of good x, Px is the price of good x, Py is the price of good y, and M is consumer income.
With respect to good x, good z is a substitute. Let us consider each term of the formula provided. It is given that Qd is demanded of good x, so it is related to the demand of good x.
Next, we have −1.1Px which indicates the inverse relationship between the price of good x and the quantity demanded of good x. If Px increases, the quantity demanded of good x decreases.
Conversely, 2.3Py implies that there exists a direct relationship between the price of good y and the quantity demanded of good x. If Py increases, the quantity demanded of good x also increases.
Now, let's discuss −0.43Pz. If Pz increases, it will have a negative impact on the quantity demanded of good x. It means that Pz is related to the demand of good x. Therefore, good z is either a complement or a substitute.
An increase in the price of good z will decrease the quantity demanded of good x if they are complementary, and it will increase the quantity demanded of good x if they are substitutes.
Finally, 0.0025M indicates the direct relationship between consumer income and the quantity demanded of good x. If consumer income increases, the quantity demanded of good x also increases.
Therefore, with respect to good x, good z is a substitute.
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Imagine you own a business that sells to customers on trade credit. Please describe the business that you are in and the type of product or services that you are offering. To answer these discussion questions below, you could also evaluate what other companies in your industry are offering. In your original post, respond to the following prompts: - How would you manage the collection of receivables? - Even with careful planning, sometimes receivables become uncollectible. Which method would you use to write off an uncollectible account? Explain your reasons. - What procedures would you put into place to encourage customers to pay their bills on time?
As an owner of a business that sells to customers on trade credit, I am in the business of selling electronic gadgets, specifically cellphones and laptops.
I understand that trade credit has benefits such as allowing my customers to purchase my products without making an immediate payment.
This strategy is critical as it will help me to build long-term relationships with my customers.
Managing the collection of receivables is very crucial.
This process requires a well-thought-out plan to ensure the company receives the payment promptly.
One way to manage receivables collection is by having a clear payment policy that outlines the payment terms and conditions for every transaction.
Customers must acknowledge the payment policy before a transaction can occur.
I would also introduce automatic reminders for overdue payments to minimize the number of overdue accounts.
I would also limit the credit available to customers who frequently have overdue accounts.
Even with careful planning, sometimes receivables become uncollectible.
When a customer account is uncollectible,
I would use the direct write-off method to write off the bad debt.
This method involves deducting the uncollectible amount from the accounts receivable,
indicating that the customer failed to pay the debt.
The direct write-off method is the easiest and fastest method to write off bad debts, as it does not require any adjustment entries.
To encourage customers to pay their bills on time,
I would put the following procedures in place.
First, I would establish clear and specific payment policies that indicate the payment terms and conditions.
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Chubb Company paid cash to purchase equipment on January 1, Year 1. Select the answer that shows how the recognition of depreciation expense in Year 2 would affect assets,liabilities, equity, net income, and cash flow (+ means Increase, - decrease, and NA not affected) Assets Liabilities Equity NA Cash Flow Net Income NA A. NA в. NA D. NA NA Multiple Choice O Option O Option O Option O Option A
The effects of recognizing depreciation expense in Year 2 would result in a decrease in assets, equity, and net income, while liabilities and cash flow would not be affected.
If Chubb Company paid cash to purchase equipment on January 1, Year 1, the recognition of depreciation expense in Year 2 would have the following effects:
1. Assets: Depreciation expense would decrease the value of the equipment asset on the balance sheet, thus decreasing the total assets.
2. Liabilities: Depreciation expense does not directly affect liabilities, so there would be no change in this category.
3. Equity: Depreciation expense reduces net income, which in turn reduces retained earnings, thus decreasing equity.
4. Net Income: Depreciation expense is a non-cash expense that reduces net income. Therefore, net income would decrease in Year 2 due to the recognition of depreciation expense.
5. Cash Flow: The recognition of depreciation expense does not impact cash flow because it is a non-cash expense. Cash flow would remain unaffected.
To summarize, the effects of recognizing depreciation expense in Year 2 would result in a decrease in assets, equity, and net income, while liabilities and cash flow would not be affected.
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schedule of CRM activities create a list of individual and specific marketing marketing activities that you will conduct throughout the year and an estimated of their associated costs. Annual customer relationship action plan enter the individual marketing activities and the appropriate months each month will have a different mix of activities for example you will not have the same activities in the holiday season as well in the summer months
Customer Relationship Management (CRM) activities refer to the practices, strategies, and technologies used by businesses to manage and analyze customer interactions and data throughout the customer lifecycle, from acquisition, retention, and loyalty.
CRM activities include marketing automation, salesforce automation, analytics, and reporting, customer service, and support, among others. In this context, the schedule of CRM activities is crucial in ensuring a steady flow of customer engagement and retention.
To create a list of individual and specific marketing activities that a business will conduct throughout the year and an estimate of their associated costs, businesses must undertake the following steps:
Step 1: Define the goals and objectives of the CRM activities. The goals and objectives define the specific outcomes that the business aims to achieve, such as increased customer engagement, lead generation, and sales conversion, among others.
Step 2: Identify the target audience for each marketing activity. The target audience defines the specific customer segments that the business aims to reach and engage with through the marketing activities.
Step 3: Define the marketing activities that align with the goals and objectives and the target audience. The marketing activities may include advertising, social media marketing, email marketing, content marketing, and events, among others.
Step 4: Determine the estimated costs of each marketing activity. The estimated costs include the direct costs of executing the marketing activity, such as advertising fees, event fees, content production costs, and staff costs.
Step 5: Enter the individual marketing activities and the appropriate months in the annual customer relationship action plan. The annual customer relationship action plan outlines the specific marketing activities that the business will undertake in each month of the year. Each month will have a different mix of activities, depending on the marketing goals and objectives, the target audience, and the seasonal factors, such as holidays, events, and promotions, among others.
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Petronas and Pertamina are the only oil producers in South East Asia. Each firm has two strategies: spend $30 million dollars a year on research and development (R&D) on renewal energy or spend nothing on R&D. If neither firm spends on R\&D, Petronas' economic profit is $80 million, and Pertamina's economic profit is $40 million. If each firm conducts R\&D, market shares are maintained, but each firm's profit is lower by the amount spent on R\&D. If Petronas conducts R\&D and Pertamina does not, Petronas makes an economic profit of $120 million, while Pertamina incurs an economic loss of $20 million. If Pertamina conducts R\&D and Petronas does not, Pertamina makes a profit of $60 million while Petronas loses $10 million. (i) Construct a payoff matrix for the game that both Petronas and Pertamina. (ii) Find the Nash equilibrium. Explain the optimum outcome for both firms?
The Nash equilibrium is a stable state in which no player can increase their payoff by unilaterally changing their strategy. A Nash equilibrium is a state in which all players play their best response to each other.
Given that the other players' strategies are unchanged. This is an equilibrium because if any player were to deviate from their strategy, they would receive a lower payoff. Thus, the Nash equilibrium is the optimal outcome for both firms.In this case, the Nash equilibrium is for both firms to spend 30 million on R&D. If both firms spend on R&D, they will maintain their market shares
In this case, can gain by changing its strategy and spending 30 million on R&D. Therefore, the Nash equilibrium is for both firms to spend 30 million on R&D, and the optimum outcome for both firms is to earn an economic profit of 50 million.
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2. Magnolia Company issued a $1,000,000 bond at 102%% on
January1st the bond has a 2 year term and pays 6% interest annually
each December 31 st . Prepare the appropriate journal
entries.
Journal entries to prepare: Date Account Titles and Explanation Debit Credit Jan 1, 20XX Cash 1,020,000 Bond Payable1,000,000 Premium on Bond Payable 20,000 (To record the issuance of bonds at a premium of 2%) Dec 31, 20XX Interest Expense30,000 Discount on Bond Payable 20,000 Cash 1,000,000 (To record the interest expense and payment on bonds).
Explanation: On January 1, 20XX, Magnolia Company issued a $1,000,000 bond at 102%, so the total proceeds from the bond issue will be $1,020,000 ($1,000,000 x 102%).
In the given scenario, Magnolia Company issued a bond at a premium of 2% i.e., for $1,020,000. Hence, the bond payable is $1,000,000 and the remaining $20,000 will be treated as premium on bond payable.
Therefore, the journal entry to record the issuance of bonds at a premium of 2% is given below:
Cash is debited because it is the amount received by the company. Bond Payable is credited to record the bond liability. Premium on Bond Payable is credited because it is an indirect income for the company.
On December 31, 20XX, the company will pay interest of 6% per annum on the bond, which will be $60,000 per year ($1,000,000 x 6%). The interest will be paid each December 31st.
So, the journal entry to record the interest expense and payment on bonds is given below: Interest Expense is debited to recognize the interest expense for the year ended.
Discount on Bond Payable is credited because the bond was issued at a premium. Cash is credited to recognize the payment of interest on the bond.
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Deed often used by a bank to transfer a property that it had taken after foreclosure from the previous owner?
1) General Warranty Deed
2) Special Purpose Deed
3) Quit Claim Deed
4) Bargain and Sale Deed
In the context of a bank transferring a property it had taken after foreclosure from the previous owner, the most commonly used deed is the Bargain and Sale Deed.The correct answer is option 4.
A Bargain and Sale Deed is a type of deed that conveys the property from the bank (the grantor) to the new owner (the grantee). This deed implies that the bank acquired the property through foreclosure or some other non-voluntary means and does not provide any warranties or guarantees about the property's title or condition.
Unlike a General Warranty Deed, which guarantees the property's title and provides the highest level of protection to the grantee, the Bargain and Sale Deed only transfers the property's ownership without making any warranties.
It is a common choice for banks when transferring foreclosed properties as they typically do not want to assume any liability or responsibility for potential title issues or defects in the property.
The Special Purpose Deed and Quit Claim Deed are not typically used by banks in this specific scenario. The Special Purpose Deed is usually reserved for specific purposes or circumstances outlined in the deed itself, while the Quit Claim Deed is often used to transfer property between parties without any warranties or guarantees.
However, neither of these deeds is as commonly used by banks when transferring foreclosed properties as the Bargain and Sale Deed.
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determining sales goals is part of effective sales management. a statement of a salesperson’s sales goals, usually based on sales volume, is called a(n) _________.
Determining sales goals is a crucial part of effective sales management. It helps the sales team stay motivated and provides a clear direction towards achieving sales targets.
A statement of a salesperson’s sales goals, usually based on sales volume, is called a sales quota.A sales quota is a numerical goal or target that the sales team must achieve in a given time frame, usually a month or a quarter.
It is set by the sales manager in consultation with other relevant stakeholders, such as the marketing team and top management. Sales quotas are usually based on sales volume, which is the total amount of sales generated by a salesperson or team.
Sales quotas have several benefits for sales teams and organizations. Firstly, they provide a clear direction towards achieving sales targets. Sales quotas help salespeople to focus on the most important products or services and prioritize their sales efforts accordingly.
Secondly, they help sales managers monitor the performance of the sales team. By comparing actual sales against sales quotas, sales managers can identify areas where salespeople need improvement and provide appropriate training and support. Finally, sales quotas help organizations to forecast sales revenue and allocate resources more effectively.In conclusion, sales quotas are an essential part of effective sales management.
They provide a clear direction towards achieving sales targets, help sales managers monitor performance, and enable organizations to forecast sales revenue more accurately. Sales quotas are usually based on sales volume and are set in consultation with other relevant stakeholders.
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onsider a datagram network using 32-bit host addresses. suppose a router has four links,numbered 0 through 3, and packets are to be forwarded to the link interfaces as follows:
Using a routing table, the best link for each packet can be chosen to be sent to in a datagram network with a router containing four links (numbered 0 through 3). Destination addresses are assigned to outgoing links in the routing table.
Destination Address Range Outgoing Link
0.0.0.0 - 63.255.255.255 Link 0
64.0.0.0 - 127.255.255.255 Link 1
128.0.0.0 - 191.255.255.255 Link 2
192.0.0.0 - 255.255.255.255 Link 3
The router will choose the best outgoing link for each packet depending on the destination address range using this routing table.
The router will determine that a packet's destination address, 130.54.76.98, is between 128.0.0.0 and 191.255.255.255. As a result, it will transmit the packet to Link 2.
The router can choose the best outgoing connection for forwarding a packet in a datagram network by looking at the destination address of each packet and consulting the routing table.
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Picante, Inc., provided the following information for the last calendar year:
Beginning inventory:
$150,500
Direct materials
95,300
Work in process
Ending inventory:
$145,300
Direct materials
Work in process
91,400
During the year, direct materials purchases amounted to $184,800, direct labor cost was $149,100, and overhead cost was $228,800. There were 20,000 units produced,
Required:
1. Calculate the total cost of direct materials used in production.
190,000✓
2. Calculate the cost of goods manufactured.
571,800✓
Calculate the unit manufacturing cost. If required, round your answer to the nearest cent.
28.59
per unit
3. Of the unit manufacturing cost calculated in Requirement 2, $9.50 is direct materials and $11.44 is overhead. If required, round intermediate calculations and your final answers to the nearest cent.
What is the prime cost per unit?
16.96
X per unit
What is the conversion cost per unit?
18.90
X per unit
The prime cost per unit is $9.50. And the conversion cost per unit is $19.09.
To calculate the prime cost per unit, we need to add the direct materials and direct labor cost per unit.
Prime cost per unit = Direct materials per unit + Direct labor cost per unit
Direct materials per unit = $9.50
Direct labor cost per unit = $0 (not provided in the information)
Prime cost per unit = $9.50 + $0 = $9.50
To calculate the conversion cost per unit, we need to subtract the direct materials cost per unit from the unit manufacturing cost.
Conversion cost per unit = Unit manufacturing cost - Direct materials per unit
Unit manufacturing cost = $28.59
Direct materials per unit = $9.50
Conversion cost per unit = $28.59 - $9.50 = $19.09
Therefore:
The prime cost per unit is $9.50.
The conversion cost per unit is $19.09.
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according to the us office of personnel management, a valid job analysis provides data that should be used for what other purposes?
A valid job analysis provides valuable data that can be used for recruitment and selection, performance management, training and development, job evaluation and compensation, as well as legal compliance purposes within an organization.
1. Recruitment and Selection: The information gathered from a job analysis helps in identifying the essential job requirements, such as skills, knowledge, and qualifications, needed for effective recruitment and selection of candidates. It ensures that the selection process aligns with the job's demands and facilitates finding the right fit for the position.
2. Performance Management: Job analysis data is crucial for setting performance expectations and goals. It provides a clear understanding of the key job responsibilities and performance criteria, enabling managers to establish appropriate performance standards and evaluate employee performance effectively.
3. Training and Development: Job analysis helps identify the skills and competencies required to perform a job effectively. This information is instrumental in designing training programs and development initiatives to address any skill gaps or developmental needs identified in the job analysis process.
4. Job Evaluation and Compensation: Job analysis provides insights into the complexity, responsibilities, and requirements of a job, which are essential for job evaluation and determining equitable compensation structures. It helps in establishing the relative worth of different jobs within an organization and ensures fair and consistent compensation practices.
5. Legal Compliance: Job analysis serves as a foundation for ensuring legal compliance in various areas, such as equal employment opportunity, workplace health and safety, and accommodation of disabilities. It provides objective and documented information about job requirements, essential functions, and qualifications, which can be used as evidence to demonstrate compliance with legal regulations.
In summary, a valid job analysis provides valuable data that can be used for recruitment and selection, performance management, training and development, job evaluation and compensation, as well as legal compliance purposes within an organization.
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Which of the following are e-commence models? i. Business to business ii. Business to government iii. Business to consumer iv. Consumer to consumer
a.
(i); (iii); and (iv)
b.
(ii); (iii); and (iv)
c.
(i); (ii); and (iii)
d.
(i); (ii); (iii); and (iv
option (d) (i); (ii); (iii); and (iv) are the correct answers.
The e-commerce models are Business-to-business (B2B), Business-to-consumer (B2C), Consumer-to-consumer (C2C), and Business-to-government (B2G).
Hence, option (d) (i); (ii); (iii); and (iv) are the correct answers. Business-to-business (B2B)E-commerce transactions between businesses are referred to as business-to-business (B2B) e-commerce. It has the largest value among all e-commerce models, which involves manufacturers, wholesalers, and retailers.
Business-to-consumer (B2C)The process of online sales and purchases between businesses and individuals is referred to as business-to-consumer (B2C) e-commerce. It enables companies to market their products to a global audience.
Consumer-to-consumer (C2C)Consumer-to-consumer (C2C) e-commerce refers to the online transactions between consumers. It assists consumers in purchasing and selling goods from each other online. Business-to-government (B2G)Business-to-government (B2G) e-commerce refers to transactions between businesses and governmental agencies.
This model allows businesses to conduct government-related activities online.
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The Counting Crows Company uses normal costing. The company began operations at the beginning of Year 1. Because the company is new and because they only make one product, overhead is charged to production on the basis of product units. The denominator level for both Year 1 and Year 2 is 20,000 product units. The budgeted overhead at 20,000 units for both Year 1 and for Year 2 is $60,000 variable and $100,000 fixed. During Year 1, the company actually produced 21,000 units and sold 18,000 units. During Year 2, the company actually produced 22,000 and sold 21,000 units. The company carries no Work in Process inventories and uses the FIFO method to assign costs to Finished Goods as needed. Any underallocated or overallocated overhead is charged totally to Cost of Goods Sold at the end of the year. For both years, the actual direct materials cost was $8 per unit and the actual direct labor cost was $6 per unit. The actual variable overhead cost in Year 2 was $64,000 and the actual fixed overhead cost in Year 2 was $102,000. Question 1 2 pts Assume that the Unadjusted Cost of Goods Sold for Year 2 was $357,000 using variable costing. Compute the Adjusted Cost of Goods Sold using variable costing for Year 2. Do not put a dollar sign in your answer. D Question 2 2 pts Assume that the Unadjusted Cost of Goods Sold for Year 2 was $462,000 using absorption costing. Compute the Adjusted Cost of Goods sold using absorption costing for Year 2. Do not put a dollar sign in your answer. Question 3 2 pts Using absorption costing, how much fixed overhead that happened in Year 2 would be carried over into Year 3? Do not put a dollar sign in your answer. D Question 4 2 pts In Year 1, the net operating income for the company was $35,000 using absorption costing. What would the net operating income for Year 1 be using variable costing? Note: This question is for Year 1 NOT YEAR 2. You should use a reconciliation to find this answer. Do not put a dollar sign in your answer. Question 5 2 pts For external purposes, the company O must use absorption costing O must use variable costing may use either variable costing or absorption costing
The Adjusted Cost of Goods Sold using variable costing for Year 2 is $361,000.The Adjusted Cost of Goods Sold using absorption costing for Year 2 is $466,000.The net operating income for Year 1 using variable costing would be $40,000.
1. To compute the Adjusted Cost of Goods Sold using variable costing for Year 2, we need to consider the underallocated or overallocated overhead. The unadjusted Cost of Goods Sold is given as $357,000. Since the actual variable overhead cost for Year 2 is $64,000, the overhead variance is $4,000 (overallocated). Thus, the Adjusted Cost of Goods Sold is $357,000 + $4,000 = $361,000.
2. The Adjusted Cost of Goods Sold using absorption costing for Year 2 can be calculated by adding the underallocated or overallocated overhead to the unadjusted Cost of Goods Sold. The unadjusted Cost of Goods Sold is given as $462,000. Since the actual fixed overhead cost for Year 2 is $102,000, the overhead variance is $2,000 (underallocated). Therefore, the Adjusted Cost of Goods Sold is $462,000 + $2,000 = $466,000.
3. Under absorption costing, all fixed overhead costs are allocated to the units produced and included in the cost of goods sold. There is no carryover of fixed overhead from one period to another. Therefore, none of the fixed overhead that occurred in Year 2 would be carried over into Year 3.
4. To determine the net operating income for Year 1 using variable costing, we can use a reconciliation statement. The net operating income under absorption costing is given as $35,000. The difference between the net operating income under absorption costing and variable costing is the fixed overhead deferred in inventory, which is $5,000. Therefore, the net operating income for Year 1 using variable costing is $35,000 + $5,000 = $40,000.
5. For external reporting purposes, the company must use absorption costing. Absorption costing is the generally accepted accounting principle (GAAP) method for reporting financial statements. It allocates all manufacturing costs, including fixed overhead, to the cost of goods sold. This method provides a more comprehensive view of the costs incurred in producing goods and is required by external stakeholders, such as investors, creditors, and regulatory authorities. Variable costing, on the other hand, treats fixed overhead as a period expense and only includes variable production costs in the cost of goods sold. While variable costing can be useful for internal decision-making and cost analysis, it is not compliant with external reporting requirements.
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Describe two (2) ways declining trade and investment barriers have impacted American Express global operations.
Specify two (2) ways technological changes have impacted American Expess global operations.
Explain (2) ways currency fluctuations might impact product across for American Express global operations.
Managing and mitigating these currency risks through hedging strategies and maintaining a diversified global presence is crucial for American Express to navigate the impacts of currency fluctuations and maintain financial stability across its global operations.
Declining trade and investment barriers have had significant impacts on American Express global operations in the following ways:
Market Expansion: With the reduction of trade barriers, American Express has been able to expand its operations into new markets worldwide. It can offer its financial services and products to a larger customer base, increasing its global reach and revenue opportunities.
Partnerships and Alliances: Declining investment barriers have facilitated partnerships and alliances with local financial institutions in various countries. This has enabled American Express to leverage local expertise, expand its service offerings, and enhance its market presence in those regions.
Technological changes have also influenced American Express global operations in the following ways:
Digital Transformation: Technological advancements have allowed American Express to embrace digital channels and provide innovative digital payment solutions. This has enhanced customer experience, facilitated online transactions, and enabled seamless global transactions for its customers.
Data Analytics and Personalization: Technology has enabled American Express to leverage data analytics and AI-driven algorithms to gain insights into customer preferences and behavior. This allows the company to offer personalized services, targeted marketing campaigns, and tailored product offerings to meet the specific needs of its diverse customer base.
Currency fluctuations can impact American Express global operations in the following ways:
Revenue and Profitability: Fluctuations in currency exchange rates can affect the company's revenue and profitability. If the currency of a particular market weakens against the U.S. dollar, it may reduce the value of the revenue generated in that market when converted back to U.S. dollars.
Cost of Operations: Currency fluctuations can also impact the cost of operations for American Express. If the local currency of a country strengthens against the U.S. dollar, it may increase the cost of conducting business, including expenses related to staffing, infrastructure, and sourcing local services.
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please when you answer the question make it clear so I can
fill out the blank
For each of the following sltuations, Indicate the type of report that would be required as well as how various paragraphs/sections of the auditors' report would be modified In the audit of a nonissue
In the audit of a nonissuer, the type of report required would be an unqualified opinion report. This report will be modified based on the following paragraphs/sections of the auditor's report: Introduction Paragraph: This paragraph explains the responsibilities of the auditor and the management in relation to the financial statements.
It also highlights the audit's scope and objectives. The language of this paragraph does not need any modification in the audit of a nonissuer.
Management's Responsibility for the Financial Statements Paragraph: This paragraph states that management is responsible for preparing and presenting the financial statements. The auditor does not make any judgment about the adequacy of the presentation of the financial statements by management. Hence, this paragraph remains unchanged in the audit of a nonissuer. Auditor's Responsibility Paragraph: This paragraph explains the auditor's responsibilities regarding the financial statements and the audit. In the audit of a nonissuer, this paragraph should not be modified. Basis for Opinion Paragraph: This paragraph explains the basis of the auditor's opinion and is written after the auditor has completed the audit. In the audit of a nonissuer, this paragraph does not require any modification.
Opinion Paragraph: In the audit of a nonissuer, this paragraph is crucial and should be unmodified. It is the section that provides the auditor's conclusion on the financial statements as a whole and indicates the opinion of the auditor. In a nonissuer's audit, the opinion should be unqualified. The unqualified opinion means that the auditor's opinion on the financial statements is fair and presented accurately.
The auditors' report in the audit of a nonissuer is simple, as there are no legal requirements and no need to be complicated. The auditor needs to issue an unqualified opinion, as this will give the client confidence in the reliability of the financial statements.
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Accounting equation
Captivating Inc. is a motivational consulting business. At the end of its accounting period, May 31, 2012, Captivating Inc. has assets of $583,930 and liabilities of $184,520. Using the accounting equation and considering each case
independently, determine the following amounts:
a. Stockholders' equity as of May 31, 2012.
b. Stockholders' equity as of May 31, 2013, assuming that assets increased by $92,260 and liabilities increased by $55,470 during 2013.
c. Stockholders' equity as of May 31, 2013, assuming that assets decreased by $46,130 and liabilities increased by
$16,350 during 2013.
d. Stockholders' equity as of May 31, 2013, assuming that assets increased by $77,080 and liabilities decreased by $29,200 during 2013.
e. Net income (or net loss) during 2013, assuming that as of May 31, 2013, assets were $735,750, liabilities were $119,710, and no additional common stock was issued or dividends paid.
a) Stockholders' Equity is $399,410, b) Stockholders' Equity is $250,680,
c)Stockholders' Equity is $152,410,d) Stockholders' Equity is $321,170,
e)The net income for 2013 would be $216,630.
To solve the accounting equation problems, let's consider the accounting equation:
a. Stockholders' equity as of May 31, 2012:
Stockholders' Equity = $583,930 - $184,520
Stockholders' Equity = $399,410
b. Stockholders' equity as of May 31, 2013, assuming assets increased by $92,260 and liabilities increased by $55,470 during 2013:
Stockholders' Equity = ($399,410 + $92,260) - ($184,520 + $55,470)
Stockholders' Equity = $250,680
c. Stockholders' equity as of May 31, 2013, assuming assets decreased by $46,130 and liabilities increased by $16,350 during 2013:
Stockholders' Equity = ($399,410 - $46,130) - ($184,520 + $16,350)
Stockholders' Equity = $152,410
d. Stockholders' equity as of May 31, 2013, assuming assets increased by $77,080 and liabilities decreased by $29,200 during 2013:
Stockholders' Equity = ($399,410 + $77,080) - ($184,520 - $29,200)
Stockholders' Equity = $321,170
e. Net income (or net loss) during 2013, assuming assets were $735,750, liabilities were $119,710, and no additional common stock was issued or dividends paid:Net Income = $735,750 - $119,710 - Stockholders' Equity
Solving for Net Income, we have:
Net Income = $735,750 - $119,710 - $399,410
Net Income = $216,630
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In an Olympic triathlon, competitors take part in three events: a 1.5km swimming leg, a 40km cycling leg followed by a 10km run. To attract sponsorship, Jasper needs to perform in the top 15% of times in each leg when compared to the times recorded by the gold medallist. Jasper has already demonstrated he is in the top 15% of times in the cycling leg. For the other two legs, the gold medallist’s swimming time is 17.51 minutes and running time is 30.83 minutes. Jasper’s running times are Normally distributed with mean 32.45 minutes and standard deviation 1.97 minutes and his swimming times are Normally distributed with mean 17.96 minutes and standard deviation 0.82 minutes. Based on your calculations what recommendations can you make for sponsorship qualification? *Perform relevant probabilities calculations to answer this question. ALSO include an appropriate probability statement for each question and illustrate each calculation with an appropriate diagram.
Jasper qualifies for sponsorship in the swimming leg but does not qualify in the running leg based on the given criteria.
To determine Jasper's qualification for sponsorship, we compare his swimming and running times to the gold medallist's times.
For the swimming leg, we calculate the z-score using Jasper's swimming time, the gold medallist 's time, and their respective standard deviations. By looking up the corresponding percentile from the standard normal distribution, we find that Jasper's swimming time is in the top 4.35% of times, qualifying him for sponsorship in the swimming leg. For the running leg, we repeat the process with Jasper's running time. The z-score and percentile indicate that Jasper's running time is in the top 3.73% of times, which does not meet the top 15% criteria. Therefore, he does not qualify for sponsorship in the running leg.
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Tosh has a chance to go to a resort that offers two plans. The deluxe plan offers full use of all its recreational classes (such as yoga and spinning) and free access to the neighboring golf course and horse-riding facilities, as well meals and a nice room. The basic plan also offers a nice room and meals, but he must play for these fine athletic amenities.
Assume to offer each of these amenities to any patron cost the resort $45, which is what the resort charges anyone on the basic plan (those on the deluxe plan do not incur an extra charge to use the facilities.
Tosh is planning to stay for 2 weeks, and his demand for these facilities over the course of his stay is P = 420 – 15 Q. Also assume that Tosh’s preferences for the facilities are similar to the typical person staying at the resort. Finally, the resort must cover all costs, so the additional charge for the deluxe plan will reflect the extra costs the resort incurs by offering these niceties with the deluxe plan.
If Tosh purchases the deluxe plan, he will use the fine facilities ____ times.
If Tosh purchases the basic plan, he will use the fine facilities ____ times.
Since the resort must cover all costs, it will charge Tosh _ dollars more for the deluxe plan.
Tosh should purchase the basic plan since it offers him ___ dollars more in economic surplus than the deluxe plan
Given, P = 420 – 15 Q Where, P is the price of the amenities Q is the number of amenities used per week The demand function can be rewritten as; Q = 28 – (P/15)
If Tosh purchases the deluxe plan
The deluxe plan offers free access to the fine facilities.
Thus, Tosh will use the fine facilities 2 × 28 = <<2*28=56>>56 times.
If Tosh purchases the basic plan,
For the basic plan, Tosh will pay for each fine amenity at a cost of $45.
Thus,
Q = (14 days) × (1/7 week/day) × 3 amenities/day
Q = 18 fine amenities Tosh will use the fine facilities 18 times.
If Tosh purchases the deluxe plan, the resort will charge Tosh _ dollars more than the basic plan.
Since the resort charges $45 for each amenity, Tosh will pay $0 more for the deluxe plan.
Therefore, there is no additional charge. He only gets free access to the fine amenities.
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