please answer each question with steps if possible.

In 2010 Glacial HVAC, Inc. sold 3,305 air conditioning units in Fulton County. During that same year 46,786 air conditioning units were sold in Fulton County. Calculate Glacial's 2010 market share. Report your answer as a percentage, rounded to one decimal place.

Question 2 (10 points)

In 2010 47,413 air conditioning units were sold in Fulton County. Glacial HVAC, Inc. sold 3,275 units in 2010. 2010 industry sales represent a 8.9 % decrease over 2009 sales. Calculate 2009 industry sales. Round your answer to the nearest unit.

Question 3 (10 points)

In 2010 47,250 air conditioning units were sold in Fulton County. Glacial HVAC Inc. sold 3,269 units in 2010, compared to 2009 sales of 3,969 units. Calculate the percent change in Glacial's sales, from 2009 to 2010. Report your answer as a percentage, rounded to one decimal place.

In Chapter 5, the book touches on Diffusion of Innovation on page 152 but I wanted to provide you with a little more detail on the topic. It's really important when you think about change- this could be the kind of change that comes when you develop a new product, modify an existing one, or make any kind of organizational change. It's all about how to people adopt (or accept) innovation.

The process by which the use of an innovation- whether a product, a service, or a process- spreads throughout a market group, over time and across various categories of adopters is diffusion of innovation. The theory around diffusion of innovation helps marketers understand the rate at which consumers are likely to adopt a new product or service. It also helps them to identify potential markets and predict sales for their new products.

In the diffusion of innovation theory, five adopter groups have been identified: innovators, early adopters, early mainstream, late mainstream, and laggards (or lagging adopters). I've attached a visual representation of the diffusion of innovation- you will notice it makes a bell curve.

Innovators- are buyers who want to be the first to have a new product or service. They enjoy taking risks and are regarded as highly knowledgable. They are generally very well informed about a certain product category. While they represent only 2.5% of the total market for a new product, they are crucial to the success of any new product because they usually talk a lot about the products and review them vocally.

Example: Think of a person who drives a self-driving car prototype as an innovator OR think of Steve Jobs and the folks at Apple as they created iPhones/iPads, etc.

Early Adopters- This group consists of about 13.5% of all buyers. They generally don’t take as much risk as innovators (they wait to see what innovators say about a product) but they are regarded as opinion leaders for particular product categories as the other three buyer categories often rely on their feedback.

Example: When the iPhone was first released, the very first buyers would be early adopters.  

Early majority- this group represents about 34% of all buyers. This group is crucial because a product usually doesn’t become profitable until this large group purchases it. If this group never becomes large enough, the product or service can fail. The early majority doesn’t take as many risks and tends to wait until the bugs are worked out of a particular product or service.

Example: When the bugs were worked out on the iPhones, this group bought. They waited until the product was purchased and reviewed by the early adopters.

Late majority- this group also represents about 34% of all buyers. This is the last group of buyers to enter a new product market. When they do, the product has achieved its full market potential. By the time this group enters the market, sales tend to level off or may be in decline.  

Example: After several versions of the iPhone were released, they finally decided to ditch their Blackberry and purchase.

Laggards- this group represents about 16% of the market. These consumers like to avoid change and rely on traditional products until they are no longer available.

Example: Laggards STILL use flip phones. They will probably use flip phones until they are no longer manufactured. They resist change at all costs.

I use the example of phones but it's important to keep in mind that the Diffusion of Innovation can apply to just about anything. It's also important to remember that people are not set in their adopter group for every product- it can vary. For example, my stepdad would be a laggard when it comes to phones (he still uses a flip phone). However, he might be considered an early adopter or early mainstream when it comes to golf clubs. He's much more likely to purchase a newer model of golf club than a new phone. So....don't think of people as being stuck in their adopter group, it can certainly vary based on the product/service/process.

What affects the rate of adoption?

Some of the things that affect the rate include:

Relative advantage- this is the degree to which the innovation appears superior to existing products. Example: Electric cars were adopted quickly because of their advantage over gas powered cars.

Compatibility- The degree to which the innovation fits the values and experiences of potential customers. Example: Electric cars are driven the same way as gas powered cars so they fit the experiences of drivers.

Complexity- The degree to which the innovation is difficult to understand or use. Example: This is where self-driving cars may struggle because it's hard to understand how that could be safe.

Divisibility- The degree to which the innovation may be tried on a limited basis. Example: consumers can test-drive electric or self-driving cars which helps increase the adoption rate.

Communicability- The degree to which the results of using the innovation can be observed or described to others. Example: If you can easily describe or demonstrate how to use a self-driving car and how the technology works, you will increased adoption.

Discussion Board Assignment Instructions:

1. Identify a product or service you use where you may be considered an early adopter. Explain.

2. Identify a product or service you use where you may be considered early mainstream or late mainstream. Explain.

3. Identify a product or service you use where you may be considered a laggard. Explain. (We are all laggards in some area. Confession- I still love have the old school Uggs but I don't wear them in public anymore).  

Consider a monthly return data on 20-year Treasury Bonds from 2006–2010.

Year	Month	Return	Year	Month	Return
2006	Jan	5.39	2008	Jul	4.94
2006	Feb	4.83	2008	Aug	3.90
2006	Mar	5.41	2008	Sep	4.72
2006	Apr	4.64	2008	Oct	4.58
2006	May	4.05	2008	Nov	4.83
2006	Jun	3.41	2008	Dec	4.17
2006	Jul	3.92	2009	Jan	4.68
2006	Aug	3.46	2009	Feb	4.35
2006	Sep	5.06	2009	Mar	4.10
2006	Oct	5.44	2009	Apr	4.98
2006	Nov	4.96	2009	May	5.22
2006	Dec	4.17	2009	Jun	4.79
2007	Jan	3.48	2009	Jul	5.00
2007	Feb	4.70	2009	Aug	3.58
2007	Mar	4.38	2009	Sep	4.34
2007	Apr	3.82	2009	Oct	3.15
2007	May	4.19	2009	Nov	5.48
2007	Jun	4.35	2009	Dec	4.28
2007	Jul	3.83	2010	Jan	4.35
2007	Aug	5.42	2010	Feb	3.24
2007	Sep	3.29	2010	Mar	3.27
2007	Oct	4.00	2010	Apr	4.72
2007	Nov	3.42	2010	May	5.00
2007	Dec	3.24	2010	Jun	4.82
2008	Jan	5.21	2010	Jul	3.59
2008	Feb	4.84	2010	Aug	4.52
2008	Mar	4.59	2010	Sep	4.44
2008	Apr	3.82	2010	Oct	4.59
2008	May	3.61	2010	Nov	4.62
2008	Jun	4.34	2010	Dec	3.74

Estimate a linear trend model with seasonal dummy variables to make forecasts for the first three months of 2011. (Round intermediate calculations to 4 decimal places and final answers to 2 decimal places.)

Year	Month	y-forecast
2011	Jan
2011	Feb
2011	Mar

Gelmite & Sons Hardware is considering introducing a cash discount policy to its customers so as to

improve current sales. There are three possible scenarios that include monthly estimates. Gelmite

& Sons uses a 60% mark up on cost on all their products as a general rule. Fixed costs are R8 000

per month.

Scenario A: Representing the Current Scenario

Company sold 600 units of the spark nail which they ordered at a wholesaler in Shoppers Town for

a cost price of R100 each.

Scenario B: Representing initial sales target

Company will sell 800 units of the spark nail which they ordered at a wholesaler in Shoppers Town

for a cost price of R100 each.

These sales units are achieved after the introduction of a 20% markdown on the original selling

price.

19; 20 2020

© The Independent Institute of Education (Pty) Ltd 2020

Page 4 of 11

Scenario C: Representing a scenario where sales targets are surpassed

Company will sell 1 000 units of the spark nail which they ordered at a wholesaler in Shoppers Town

for a cost price of R100 each. In order to achieve the increased sales, additional marketing costs of

R3 000 will be incurred.

These sales units are achieved after the introduction of a 20% markdown from original selling price.

Required:

Which of the three scenarios would you recommend to management? Provide a reason for your

answer with reference to net profit before tax.

. Computer programmers work under much more pleasant conditions than garbage collectors. Yet, according to the Bureau of Labor Statistics, the median salary of a sanitation worker is about $35,270 and the median salary of a computer programmer is about $79,840. True or false: This shows that the theory of compensating wage differentials is wrong. Explain.

Calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders

DATA
Balance Sheet:	2009	2010
Cash	$15,000	$14,000
Marketable Securities	6,000	6,200
Receivables	42,000	33,000
Inventory	51,000	84,000
Prepaid expenses	1,200	1,100
Total current assets	115,200	138,300
Gross plant and equipment	316,000	330,000
Less: accumulated depreciation	(30,000)	-60,000
Total assets	$401,200	$408,300
	2009	2010
Accounts payable	$48,000	$57,000
Accruals	6,000	5,000
Notes payable	15,000	13,000
Total current liabilities	69,000	75,000
Long-term debt	160,000	150,000
Common stock	172,200	183,300
Total liabilities and equity	$401,200	$408,300
Sales		$600,000
Cost of goods sold		460,000
Gross profit		140,000
Less: Operating and interest expenses:
General and administration	30,000
Interest	10,000
Depreciation	30,000
Total Operating and interest expenses		70,000
Earnings before taxes		70,000
Less: Taxes		27,100
Net income available to common stockholders		42,900
Less: Cash dividends		31,800
Change in Retained earnings		$11,100

1. What is the average tax rate?

2. What is the amount of the net working capital for 2010

3. What is the book value of the equity as of 2010?

4. What is the amount of non-cash expenses?

5. What is the change in net working capital?

6. What is the operating cash flow?

7. What is the amount of net capital spending?

8. What is the cash flow from assets?

9. What is the cash flow to creditors?

10.   What is the cash flow to stockholders?

The treasurer for Pittsburgh Iron Works wishes to use financial futures to hedge her interest rate exposure. She will sell five Treasury futures contracts at $187,000 per contract. It is July and the contracts must be closed out in December of this year. Long-term interest rates are currently 8.30 percent. If they increase to 9.50 percent, assume the value of the contracts will go down by 10 percent. Also if interest rates do increase by 1.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $118,000. This expense, of course, will be separate from the futures contracts. a. What will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by December when the contract is closed out? a. What will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by December when the contract is closed out? a. What will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by December when the contract is closed out?

  
a. What will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by December when the contract is closed out?

b-1. After considering the hedging, what is the net cost to the firm of the increased interest expense of $118,000?

  
b-2. What percent of this $118,000 cost did the treasurer effectively hedge away? (Input your answer as a percent rounded to 2 decimal places.)

c. Indicate whether there would be a profit or loss on the futures contracts if interest rates went dow

The program is to be called CarClub

The application will display menu as below

1. load cars

2. display all cars

3. search car

4 count cars older the 30 years

5 exit

Please enter your option:

Load car menu should read input data from text file name (car.txt)

Car class have 4 data members which are. Car make, car model, car year and car price

In addition

If both car year and price were not provided, year has a default value as 2020 and price has a default value as $20000

If only price was not provided, price should be set to a default value based on this table

2015<year<=2020 and price has a default value as $20000

2010<year<=2015 and price has a default value as $14000

1980<year<=2010 and price has a default value as $7000

2015<year<=2020 and price has a default value as $20000

year<=1980 and price has a default value as $40000

Using dynamic memory allocation to store Car Object

You should implement at least 1 custom excepetion and 1 file exception

You have to implement 1 operator overloading for operator "<<" to use as a print

WHY IS BUILD FAILED?????

#include

#include

using namespace std;

#include

class Ccar

{

private:

string make;

string model;

int year;

double price;

  

  

public:

  

Ccar(string="", string="", int=2020, double=20000);

~Ccar();

  

// setters

void setMake(string);

void setModel(string);

void setYear(int);

void setPrice(double);

  

// getters

string getMake();

string getModel();

int getYear();

double getPrice();

};

void Ccar:: setMake(string ma){

ma=make;

}

void Ccar :: setModel(string m){

m=model;

  

}

void Ccar :: setYear(int y){

y=year;

  

}

void Ccar :: setPrice(double p){

p=price;

}

// getters

string Ccar::getMake()

{

return make;

}

string Ccar::getModel()

{

return model;

}

int Ccar::getYear()

{

return year;

}

double Ccar::getPrice()

{

return price;

}

int main() {

int option, i, numberOffCars, year = 0;

string line, make, model, yearString, priceString;

double price;

bool loaded =false;

  

ifstream fin;

// file exception to be typed here

// num of cars counted

fin.open("cars.txt");

numberOffCars=0;

while (fin.good()) //while i have not reached the eof

{

getline(fin, line);

numberOffCars++;

}

fin.close();

//memory allocation

Ccar *carList = new Ccar[numberOffCars]; // Dynamic memory allocation

//menu

do{

cout <<"1. Load Cars"<

cout <<"2. Display all Cars"<

cout <<"3. Search Cars"<

cout <<"4. Count Cars older than 30 years"<

cout <<"5. Exit"<

cin>>option;

if (option <1 || option >5)

{

cout<<"error"<

else

{

switch (option)

{case 1: // load

loaded=true;

fin.open("car.txt");

i=0;

while (fin.good())

{

yearString="";

priceString="";

getline(fin, make,'$');

carList[i].setModel(model);

getline(fin, yearString,'$');

if (yearString!="")

year= stoi(yearString);

  

getline(fin, priceString,'$');

if (priceString!="")

price= stod(priceString);

if (yearString=="" && priceString =="")

{

carList[i].setYear(2020);

carList[i].setPrice(20000);

  

}

else if (priceString=="")

{

if (year>2015 && year<=2020)

carList[i].setPrice(20000);

else if (year>2010 && year<=2015)

carList[i].setPrice(14000);

else if (year>1980 && year<=2010)

carList[i].setPrice(7000);

else

carList[i].setPrice(400000);

}

i++; //next car

} //end of while

fin.close();

break;

case 2: // display

if (loaded)

{i=0;

while(i

{cout <<"carList[i]"<

i++; //next car

}

}

break;

case 3: // search

if (loaded)

{

cout << "Enter a car make: "<< endl;

cin>>make;

cout << "Enter a car model: "<< endl;

cin>>model;

// search for this make and model

}

else {

cout << "Load the cars first! "<< endl;

  

}

  

break;

  

case 4: // count the cars older than 30 years

  

break;

  

case 5: // exit

  

cout << "\n\n\t\t\t Thanks for using our aplication"<< endl;

  

default: // already handled by cust excep

cout << "Invalid option! Try again"<< endl;

break;

}}} // end of switch

  

  

while (option !=5); // 5 exit option

delete[] carList;

return 0;

}

  

When preparing capital budgeting analysis for a new project, Chris Johnson, a chief financial officer at BT Industries, faced a dilemma. The project involved a production of new type of shipping containers, which were significantly more durable and had a considerably longer useful life compared to conventional containers used in the industry. The year was 2009, and the equipment necessary for producing the containers was being sold for $750K. Each year, this cost is expected to increase by 30%. The useful life of the equipment and the project is 6 years. Mr. Johnson estimated that during a recovery year, the project will generate net cash flows of $500K per year, while during a recessionary year, the project will lose money, with an expected net cash flow of $-100K per year. Because the economy suffered a significant decline just a year prior, there was uncertainty about the economy in general, and, very much affected by the economy, the demand for shipping and containers. Market analysts predicted that 2010 provide certain information about the likelihood of recovery. At this point, in 2009, the likelihood of 2010 being a recovery year is estimated at 45% and the likelihood of 2010 being a recession year is estimated at 55%. If 2010 is a recovery year, the likelihood that recovery continues in 2011 and all subsequent years is 80%, and the likelihood of these subsequent years being recessionary years is 20%. If recession continues in 2010, the likelihood that 2011 and all subsequent years will be recovery years is 20%, and the likelihood of these subsequent years being recessionary is 80%. In 2011, the market gets resolved, and everyone will know the state of the economy for the foreseeable future with certainty. Since he has not dealt with uncertainty regarding the future state of the economy before, Mr. Johnson is bewildered and asks your help in determining the course of action regarding this opportunity. In particular, should the firm buy the equipment in 2009, 2010, or not buy at all? Mr. Johnson has estimated that the WACC for the company in certain times has been 10%. Assume that the project has no tax implications, i.e. the tax rate of 0%. Also assume that the firm can shut down the project any time at a one-time cost of $50K

. a) What is the NPV of investing into the machine in 2009? __________________ b) What is the NPV (in year 2009) of delaying the investment until 2010? __________________ c) What is the NPV (in year 2009) of delaying the investment until 2011? __________________ d) What strategy with respect to this investment should the firm follow? In other words, when should the firm invest? Explain your answer.