Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 6%. For example, if a hospital buys supplies from Worley that cost Worley $100 to buy from manufacturers, Worley would charge the hospital $106 to purchase these supplies.

For years, Worley believed that the 6% markup covered its selling and administrative expenses and provided a reasonable profit. However, in the face of declining profits, Worley decided to implement an activity-based costing system to help improve its understanding of customer profitability. The company broke its selling and administrative expenses into five activities as shown:

Worley gathered the data below for two of the many hospitals that it serves—University and Memorial (each hospital purchased medical supplies that had cost Worley $38,000 to buy from manufacturers):

Required:

1. Compute the total revenue that Worley would receive from University and Memorial.

2. Compute the activity rate for each activity cost pool.

3. Compute the total activity costs that would be assigned to University and Memorial.

4. Compute Worley’s customer margin for University and Memorial. (Hint: Do not overlook the $38,000 cost of goods sold that Worley incurred serving each hospital.)

Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 6%. For example, if a hospital buys supplies from Worley that cost Worley $100 to buy from manufacturers, Worley would charge the hospital $106 to purchase these supplies.

For years, Worley believed that the 6% markup covered its selling and administrative expenses and provided a reasonable profit. However, in the face of declining profits, Worley decided to implement an activity-based costing system to help improve its understanding of customer profitability. The company broke its selling and administrative expenses into five activities as shown:

Worley gathered the data below for two of the many hospitals that it serves—University and Memorial (each hospital purchased medical supplies that had cost Worley $34,000 to buy from manufacturers):

Required:

1. Compute the total revenue that Worley would receive from University and Memorial.

2. Compute the activity rate for each activity cost pool.

3. Compute the total activity costs that would be assigned to University and Memorial.

4. Compute Worley’s customer margin for University and Memorial. (Hint: Do not overlook the $34,000 cost of goods sold that Worley incurred serving each hospital.)

1.    One of the most remarkable associations in macroeconomics relates GDP growth to unemployment or the so-called Okun’s Law (see p.293-294 in Burda&Wyplosz textbook). This empirical regularity describes inverse relationship between the change in unemployment and the change in GDP growth. Resulting negative coefficient has been repeatedly confirmed for different countries and different periods. Your task is to:

a)    Propose a modified version about how the GDP is related to the labour market. Specifically, make a formal/theoretical statement (similar to the textbook, so read the corresponding section) on how the employment rate is related to the output growth, write it down and then check the relationship with data (Finland).

b)    Find the employment rate time-series (for people aged 15-74) and the real GDP growth (all for Finland only) and retrieve a set of 40 most recent quarterly observations of both variables. Arrange the data and plot the relationship on a graph. What is the coefficient between the variables, so you need to add the trend-line relationship between the variables?

c)    Make a conclusion about how the model (Okun’s relationship) fits the Finnish data.

1.(B)Worley Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Worley sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 8%. For example, if a hospital buys supplies from Worley that cost Worley $100 to buy from manufacturers, Worley would charge the hospital $108 to purchase these supplies.

For years, Worley believed that the 8% markup covered its selling and administrative expenses and provided a reasonable profit. However, in the face of declining profits, Worley decided to implement an activity-based costing system to help improve its understanding of customer profitability. The company broke its selling and administrative expenses into five activities as shown:

Activity Cost Pool (Activity Measure)Total CostTotal ActivityCustomer deliveries (Number of deliveries)$567,0007,000deliveriesManual order processing (Number of manual orders) 312,0004,000ordersElectronic order processing (Number of electronic orders) 208,00013,000ordersLine item picking (Number of line items picked) 574,000410,000line itemsOther organization-sustaining costs (None) 690,000  Total selling and administrative expenses$2,351,000  

Worley gathered the data below for two of the many hospitals that it serves—University and Memorial (each hospital purchased medical supplies that had cost Worley $32,000 to buy from manufacturers):

Activity

Activity MeasureUniversityMemorialNumber of deliveries1228Number of manual orders043Number of electronic orders170Number of line items picked110250

Required:

1. Compute the total revenue that Worley would receive from University and Memorial.

2. Compute the activity rate for each activity cost pool.

3. Compute the total activity costs that would be assigned to University and Memorial.

4. Compute Worley's customer margin for University and Memorial. (Hint: Do not overlook the $32,000 cost of goods sold that Worley incurred serving each hospital.)

1)Which of the following items would be listed on the US current account?
a) A house in the United States sold to a Canadian citizen;
b) a pair of shoes made in Spain, but sold in the United States;
c) tuition payments made by foreign citizens attending a university in the United States
d) a car made in Michigan (United States), but sold in Canada;
e) the value of Canadian government debt owned by US banks

2)Go to the website of the IMF: www.imf.org . What are some of the projects the IMF is currently working on?

3)If we expect our currency to appreciate with respect to the currency of our northern neighbour and the interest rates are the same in both nations, in which nation does it make sense for us to invest? Show your work.

4)What does a nation give up by having a fixed exchange rate? What do they get?

1. A university planner is interested in determining the percentage of spring semester students who will attend summer school. She takes a pilot sample of 160 spring semester students discovering that 56 will return to summer school.
   
   1. Construct a 90% confidence interval estimate for the percentage of spring semester students who will return to summer school.
   2. Construct a 95% confidence interval estimate for the percentage of spring semester students who will return to summer school.

MBA - Managerial Economics

Explain the features of Perfect Competition with examples.

Thanks :)

In creating a buyer persona, can the representation of the "ideal customer" be a company? For example, if the business is a university and it wants to attract both students and multinational corps. How would the university go about creating a buyer persona for those multinational corporations?

Assessment and Diagnosis of a Celebrity or Historic Individual
This project provides another opportunity to apply the concepts of diagnosis and assessment. With this assignment, choose an individual who is either a well-known celebrity or historical figure. You will need to discuss the individual’s childhood and family circumstances. (Please Detailed on family and childhood)

Also please present the problem, etiology, diagnosis and treatment, and list the cite you got them from.

First paragraph is the individuals childhood and family circumstances. Second paragraph is the problem that is present. Than third is the etiology. In last but not least the fourth is the diagnosis and the treatment that the person went through or is going through.