Questions
Blue Bayou Middle School wants to raise money for a new sound system for its auditorium....

Blue Bayou Middle School wants to raise money for a new sound system for its auditorium. The primary fund-raising event is a dance at which the famous disc jockey Kray Zee will play classic and not-so-classic dance tunes. Grant Hill, the music and theater instructor, has been given the responsibility for coordinating the fund-raising efforts. This is Grant’s first experience with fund-raising. He decides to put the eighth-grade choir in charge of the event; he will be a relatively passive observer. Grant had 500 unnumbered tickets printed for the dance. He left the tickets in a box on his desk and told the choir students to take as many tickets as they thought they could sell for $5 each. In order to ensure that no extra tickets would be floating around, he told them to dispose of any unsold tickets. When the students received payment for the tickets, they were to bring the cash back to Grant, and he would put it in a locked box in his desk drawer. Some of the students were responsible for decorating the gymnasium for the dance. Grant gave each of them a key to the money box and told them that if they took money out to purchase materials, they should put a note in the box saying how much they took and what it was used for. After 2 weeks, the money box appeared to be getting full, so Grant asked Lynn Dandi to count the money, prepare a deposit slip, and deposit the money in a bank account that Grant had opened. The day of the dance, Grant wrote a check from the account to pay Kray Zee. The DJ said, however, that he accepted only cash and did not give receipts. So Grant took $200 out of the cash box and gave it to Kray. At the dance, Grant had Dana Uhler working at the entrance to the gymnasium, collecting tickets from students and selling tickets to those who had not pre-purchased them. Grant estimated that 400 students attended the dance. The following day, Grant closed out the bank account, which had $250 in it, and gave that amount plus the $180 in the cash box to Principal Sanchez. Principal Sanchez seemed surprised that, after generating roughly $2,000 in sales, the dance netted only $430 in cash. Grant did not know how to respond. Identify as many internal control weaknesses as you can in this scenario, and suggest how each could be addressed.

In: Accounting

A school psychologist wishes to determine whether a new antismoking film actually reduces the daily consumption...

A school psychologist wishes to determine whether a new antismoking film actually reduces the daily consumption of cigarettes by teenage smokers. The mean daily cigarette consumption is calculated for each eight teenage smokers during the month before and the month after the film presentation, with the following results:

MEAN DAILY CIGARETTE CONSUMPTION

SMOKER NUMBER

BEFORE FILM (X1)

AFTER FILM (X2)

1

28

26

2

29

27

3

31

31

4

44

44

5

35

35

6

20

16

7

50

47

8

25

23

(Note: when deciding on the form of the alternative hypothesis, H1, remember that a positive difference score (D=X1-X2) reflects a decline in cigarette consumption.)

Using t, test the null hypothesis at the .05 level of significance.

A)What is the research problem in this scenario?

B)Which of the following is the appropriate pair of statistical hypotheses for this study?

C)Compute the degrees of freedom for this scenario.

D)What is the decision rule in this scenario?

E)Calculate the value of the t test.

F)What is the decision about the null hypothesis in this scenario?

H)What is the interpretation in this scenario?

I)If appropriate (because the null hypothesis was rejected), construct a 95 percent confidence interval for the true population mean for all difference scores and use Cohen’s d to obtain a standardized of the effect size. Lower bound, upper bound, or 0 if null hypothesis is retained

J)Enter the estimate of the standardized effect size (Cohen’s d).

K)What might be done to improve the design of this experiment?

In: Math

In about 300 – 400 words, write an essay analyzing the below case study using the SWOT framework.

In about 300 – 400 words, write an essay analyzing the below case study using the SWOT framework. 
 
Wendy’s International, Inc.
 
Wendy’s Old Fashioned Hamburgers was considered the third largest fast-food hamburger business in the world, although it reported higher revenues in 2002 than did Burger King. The company as a whole generated $2.73 billion in revenues in 2002, up 14.2 percent from the previous year. With headquarters in Dublin, Ohio, the corporation operated over 9,000 restaurants in 33 countries worldwide.
 
General menu items were similar to those of McDonald’s and Burger King --- hamburgers, chicken sandwiches, and fries---- but Wendy’s also offered several unique products such as Frostys and Spicy Chicken Sandwiches, as well as many healthy alternatives like salads, baked potatoes and even chili. One very important innovation contributed by Wendy’s was a special value menu that consisted of about 10 items that could be purchased for 99 cents. Since its initiation in Wendy’s stores, the value menu had also been implemented in McDonald’s and Burger King’s restaurants in order to compete with Wendy’s. All fast-food hamburger chains, were now expected to meet new consumer health expectations without compromising the menu items on which the companies were founded. Following suit, soon Burger King’s menu also offered a few items that set it apart from other fast-food restaurants, thereby offering customers a varied menu and posing a serious threat to Wendy’s.
 
Founded in 1969 in Ohio by David Thomas, Wendy’s Old Fashioned Hamburgers was incorporated and in 1976 had its first public offering of 1 million shares at dollar 28 per share. By 1981 the company had been listed on the New York Stock Exchange and had built its 2,000th restaurant. Unlike a few of its competitors, Wendy’s faced difficulties with international expansion. Despite these failures, the corporation had grown by acquiring several smaller companies such as Tim Horton’s and Baja Fresh Mexican Grill.
 
Wendy’s, early on sought to distinguish itself in a rapidly growing industry by providing its customers with a unique fast-food experience. However, several of its unique features were embedded with both pitfalls and advantages. The company’s Super Value Menu was definitely one of its strongest asset, although the concept had been picked up by other major companies. Also, in 2002, most fast food chains were desperately slashing prices in a bid to go increasingly lower. However, Wendy’s chose that year as a time to focus on product quality and product expansion by offering its Garden Sensations, a new selection of fresh, healthy salads. One weak point in Wendy’s business plan was the lack of an easily recognizable product comparable to McDonald’s Big Mac or Burger King’s Whopper.
 
Unlike McDonald’s and virtually every other burger chain in the world, Wendy’s overlooked the shift in consumer preferences from indoor dining to drive-through windows at its restaurants. It did not respond well to the above mentioned shift in consumer preferences which soon started looming over as threats. In 1975, Burger King began to install and operate drive-through windows at its restaurants. Now customers who were busy with family, jobs, and children could buy a quality meal in a hurry without ever leaving the car. However, Wendy’s at that point of time in selecting potential acquisition targets, completely overlooked the concept.
 
As Wendy’s moved into the future without founder Dave Thomas, who passed away in 2002, it planned to add between 2,000 and 4,000 new Wendy’s locations in the next decade and to focus its international expansion in Latin America. However, the company’s chief executive officer and chairman, Jack Schuessler, stated that the company planned to increasingly use acquisitions of smaller brands and joint ventures as the primary driver of future growth. In selecting potential acquisition targets, Wendy’s was avoiding concepts that directly competed with core Wendy’s offerings and looking to the fast casual segment and to concepts that involved offering high quality food without table service.
 
Adapted for purely academic purpose: Marino L and Jackson K.B. ; McDonald’s : Polishing the Golden Arches; (pp. C-213 - C-223) ; Thompson, A.A.; et.al.; 2005; Crafting and Executing Strategy; McGraw-Hill, New York.
 
Answer Notes:
 
Students may begin by creating a grid to identify the SWOT components as Strengths, Weaknesses, Opportunities and Threats to construct the analysis text.
Students are required to identify 3 strengths, 3 weaknesses, 2 opportunities, and 2 threats. Then to write an analytical text for the case study .
Students are required to provide definitions for each SWOT factor by referring to different relevant external resources

In: Economics

The outbreak of the HIV/AIDS epidemic in sub-Saharan Africa (SSA) in the 1990s has influenced many...

The outbreak of the HIV/AIDS epidemic in sub-Saharan Africa (SSA) in the 1990s has influenced many aspects of people’s life in the region. How do you think the HIV/AIDS epidemic will affect the process of demographic transition for SSA countries that are severely infected? Explain (Note: It is more important for you to provide economic reasoning for any possible effects rather than giving a conclusive answer)

In: Economics

The outbreak of the HIV/AIDS epidemic in sub-Saharan Africa (SSA) in the 1990s has influenced many...

The outbreak of the HIV/AIDS epidemic in sub-Saharan Africa (SSA) in the 1990s has influenced many aspects of people’s life in the region. How do you think the HIV/AIDS epidemic will affect the process of demographic transition for SSA countries that are severely infected? Explain. (Note: It is more important for you to provide economic reasoning for any possible effects rather than giving a conclusive answer)

In: Economics

Case 5: Starbucks   1.  What are some of the challenges associated with Starbucks’ aggressive international growth strategy?...

Case 5: Starbucks

  1.  What are some of the challenges associated with Starbucks’ aggressive international growth strategy?

  2.  Could an unanticipated change in coffee consumption patterns disrupt Starbucks in the same way that it paved the way for the company’s growth in the 1980s and 1990s?

  3.  To what extent do lower-priced competitors like McDonald’s and Dunkin’ Donuts present a threat to Starbucks’ premium-priced coffee?

In: Economics

A security team for a local high school contemplates replacing their current contract security system with...

A security team for a local high school contemplates replacing their current contract security system with a new and improved version. It will cost $450,000 to get the new system and the cost will be depreciated straight-line to 0 over the system’s 4-year expected life. The system is expected to be worth $250,000 at the end of 4 years. The security team believes that the new system will save them $125,000 per year (before taxes) in contract security costs. The tax rate is 34%, the required rate of return is 17%.

What is the NPV (Net Present Value) for buying the new system? SHOW EBIT, OCF, CS, and PROJECT CASH FLOW for each year of the project’s life.

In: Finance

Free parking spots in a crowded tourist town are ______ goods. A. public b. club c....

Free parking spots in a crowded tourist town are ______ goods.

A. public

b. club

c. private

d. common

In: Economics

Research how biometrics is used in your city (or town or township or country). Describe the...

Research how biometrics is used in your city (or town or township or country). Describe the application and its benefits and risks.

In: Computer Science

Please solve it :) 1)Attachment styles founded by Bowlby. So, What are the attachment styles first...

Please solve it :)

1)Attachment styles founded by Bowlby. So, What are the attachment styles first described by Bowlby, and later elaborated upon by Hazan and Shaver?

2)How each attachment style looks like, and What are the similarities seen in infant-caregiver and adult attachment styles?

In: Psychology