0981283248l.e
1.Kenia is a small economy somewhere in the Aka Way. The information given in Table 5 is from a recent issue of the Kenia Economic ObserverThere are only 3 goods produced in Kenia.The table below shows the prices and quantities produced of these goods in 2007, 2008, and 2009 as well as other related data. 2008 is the base year for this economy.
|
Data |
2007 |
2008 |
2009 |
|||
|
Price |
Quantity |
Price |
Quantity unit |
Price |
Quantity |
|
|
Good A |
20 |
38 |
10 |
42 |
23 |
53 |
|
Good B |
35 |
410 |
38 |
450 |
38 |
452 |
|
Good C |
15 |
120 |
18 |
128 |
19 |
130 |
|
Population millions |
3700 |
4600 |
4900 |
|||
|
Employed millions |
3310 |
4328 |
4818 |
|||
|
Not in the labour force millions |
221 |
235 |
245 |
|||
a) Calculate:
(i) The unemployment rate in 2008. Show the formula and workings.(3.5 marks)
(ii) The labor force participation rate in 2009. Show the formula and workings.(2.5 marks)
(iii) GDP deflator 2008. Show the formula and workings.(4.5 marks)
(iv) GDP deflator 2009. Show the formula and workings. (4.5 marks)
(v) the inflation rate in 2009. Show the formula and workings. (1.5 marks)
Suppose that in a simple economy, only two types of products are produced: computers and automobiles. Sales and price data for these two products for three different years are as shown below:
|
Year |
No. of Computers Sold |
Price per Computer |
No. of Automobiles Sold |
Price per Automobile |
|
2003 |
500 |
$6000 |
1 ,500 |
$12,000 |
|
2004 |
1 ,000 |
.$2000 |
5,000 |
$20,000 |
|
2005 |
1 ,500 |
$1300 |
6,000 |
$23,000 |
a)Assuming that all computers and automobiles are final goods, calculate nominal GDP in 2013, 2014 and 2015. (4.5 marks)
Nominal GDP in 2003:
Nominal GDP in 2004:
Nominal GDP in 2005
b)Calculate real GDP in 2004 and 2005 year using 2003 as the base year. Show the formula.
Thanks for the help really appreciated it Expert!
In: Economics
In a 2-3 page paper, complete the case below and submit to instructor. Review the income statement for Uden Supply Company and answer the following:
Describe the purpose of analytical procedures performed in the
planning stage of the audit.
Uden Supply has projected its 2004 gross profit at 31% of sales
despite expectation for some shrinkage in margins. On the basis of
Uden's operating performance in years 2001 - 2003 project your best
guess for 2004. Project 2004 based on the incremental changes for
each line item over the last three years.
Uden’s unaudited financial statements for the current year show a
31 percent gross profit rate. Assuming that this represents a
misstatement from the amount that you developed as an expectation,
calculate the estimated effect of this misstatement on net income
before taxes for 20X4.
Indicate whether you believe that the difference calculated in part
(c) is material. Explain your answer. (50-100 words).
Comparative income statement information for Uden Supply Company is
presented in the accompanying table.
UDEN SUPPLY COMPANY
Comparative Income Statement
Years Ended December 20X1, 20X2, and 20X3
(Thousands)
20X1 Audited 20X2 Audited 20X3 Audited 20X4 Expected
Sales 8,700 9,400 10,100
Cost of goods sold 6,000 6,500 7,000
Gross profit 2,700 2,900 3,100
Sales Commissions 610 660 710
Advertising 175 190 202
Salaries 1,061 1,082 1,103
Payroll taxes 184 192 199
Employee benefits 167 174 181
Rent 60 61 62
Depreciation 60 63 66
Supplies 26 28 30
Utilities 21 22 23
Legal and accounting 34 37 40
Miscellaneous 12 13 14
Interest expense 210 228 240
Net income before taxes 80 150 230
Incomes taxes 18 33 50
Net income 62 117 180
In: Accounting
Grazyna owns a restaurant in Bozeman, Montana, called the Bluehorn Buffalo Diner. Her restaurant is very popular among Californian Sacramento residents who visit her town and restaurant in large numbers during the summer. With the recent expansion and remodeling of her restaurant, she has decided to run television ads in Sacramento during the winter to promote her renewed restaurant. So, she contacted you because of your position as the television advertising salesperson of a main TV channel in Sacramento. Grazyna wants to know whether her restaurant’s campaign would be more effective being broadcasted on a news program, sit com, or talk show. You answered that she needs to consider three variables: reach, frequency, and revenue per ad dollar. Using Skype, you gave a PowerPoint sales presentation explaining the variables and corresponding concepts in relation to the three campaigns that Grazyna requested. You said that: Reach and frequency are terms typically used when planning an advertising campaign. Reach is the number of people who are exposed at least once to an advertising message over a specific period of time, usually four weeks. Frequency is the number of times a person is subjected to an advertising message over a certain interval of time. You added that it is important to determine which is more effective, to touch 100 viewers once or 25 viewers four times? Impressions refer to the total number of exposures to your advertisement (i.e., reach multiplied by frequency). The media cost is the price you pay the TV channel to broadcast your advertisement. The target market is the total number of people who could potentially be exposed to your advertisement. The rating is a number, ranging between 0 and 100, that corresponds to the amount of estimated viewers of a particular television program (or, the target market size reached by a campaign when it is broadcasted on a local TV program). These data are sourced from surveys or research companies such as Nielsen. Using the data below, you worked with Grazyna to calculate the revenue per ad dollar of the three TV campaigns being broadcast to Sacramento viewers during various programs. Television Campaign: Local News Program Number of Spots: 5
Rate (Ad Cost per Spot): $80,000 Target Market (Sacramento, CA): 466,488
Rating (Obtained from Nielsen Data): 3.8
Revenue per Impression (Obtained from Company Data): $65
Television Campaign: Local Sitcom Number of Spots: 8 Rate: $35,000
Target Market: 466,488 Rating (Obtained from Nielsen Data): 2.5
Revenue per Impression: $45
Television Campaign: Local Talk Show Number of Spots: 10
Rate: $15,000
Target Market: 466,488
Rating (Obtained from Nielsen Data): 1.6
Revenue per Impression: $25
|
3 4 5 6 7 8 9 10 11 |
|
What is the media cost of each of the three campaigns?
Local News Program:
Sitcom:
Talk Show:
What is the reach of each of the three TV campaigns?
1: Local News Program:
Sitcom:
Talk Show:
3. What are the impressions of each of the three TV campaigns?
Local News Program:
Sitcom:
Talk Show:
4. What is the revenue per ad dollar of each of the three TV campaigns?
Local News Program:
Sitcom:
Talk Show:
5. You also explained to Grazyna the example of a company that generates $1,000 for every $500 invested in a TV campaign has a revenue per ad dollar of 2. If it generates $10,000 for every $1,000 invested in another TV campaign, then it has a revenue per ad dollar of 10. Which of Grazyna’s TV campaigns is the most effective?
Talk Show TV Campaign
Sitcom TV Campaign
News Program TV Campaign
In: Economics
During November, the following summary transactions were completed. Journalize the November Transactions.
| Nov. | 8 | Paid $4,260 for salaries due employees, of which $2,220 is for November and $2,040 is for October. | |
| 10 | Received $2,280 cash from customers in payment of account. | ||
| 11 | Purchased merchandise on account from Dimas Discount Supply for $9,600, terms 2/10, n/30. | ||
| 12 | Sold merchandise on account for $6,600, terms 2/10, n/30. The cost of the merchandise sold was $4,800. | ||
| 15 | Received credit from Dimas Discount Supply for merchandise returned $360. | ||
| 19 | Received collections in full, less discounts, from customers billed on sales of $6,600 on November 12. | ||
| 20 | Paid Dimas Discount Supply in full, less discount. | ||
| 22 | Received $2,760 cash for services performed in November. | ||
| 25 | Purchased equipment on account $6,000. | ||
| 27 | Purchased supplies on account $2,040. | ||
| 28 | Paid creditors $3,600 of accounts payable due. | ||
| 29 | Paid November rent $450. | ||
| 29 | Paid salaries $1,560. | ||
| 29 | Performed services on account and billed customers $840 for those services. | ||
| 29 |
Received $810 from customers for services to be performed in the future. |
In: Accounting
|
Cicchetti Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of December: |
| Cicchetti Corporation Comparison of Actual Results to Planning Budget For the Month Ended December 31 |
|||||||
| Actual Results |
Planning Budget | Variances | |||||
| Customers served | 29,000 | 28,000 | |||||
| Revenue (3.40q) | $ | 98,800 | $ | 95,200 | $ | 3,600 | F |
| Expenses: | |||||||
| Wages and salaries ($22,800 + $1.18q) | 57,020 | 55,840 | 1,180 | U | |||
| Supplies ($0.58q) | 14,540 | 16,240 | 1,700 | F | |||
| Insurance ($4,700) | 4,700 | 4,700 | 0 | ||||
| Miscellaneous expense ($3,700 + $.38q) | 12,640 | 14,340 | 1,700 | F | |||
| Total expense | 88,900 | 91,120 | 2,220 | F | |||
| Net operating income | $ | 9,900 | $ | 4,080 | $ | 5,820 | F |
| Required: |
| 1. |
Prepare a report showing the company’s revenue and spending variances for December. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) |
In: Accounting
When should each of the following companies recognize revenue for the following operations? Identify potential revenue recognition issues or risk exposures facing the company:
PLEASE ANSWER THE FOLLOWING QUESTIONS
a. Costco Wholesale Corporation collects annual membership fees from customers.
b. The New York Times receives advertising revenues in advance from Citigroup, for an ad campaign that will run a full-page spread once a week for six months.
c. Zappos is an online clothing and shoe retailer. It receives credit card payments when customers place their orders and ships products from warehouses within 5-7 business days.
d. Ticketmaster contracts with the producer of Blue Man Group to sell tickets online. Ticketmaster charges each customer a fee of $7 per ticket and receives $12 per ticket from the producer. Ticketmaster does not take control of the ticket inventory. Average ticket price for the event is $99.
In: Accounting
When should each of the following companies recognize revenue for the following operations? Identify potential revenue recognition issues or risk exposures facing the company: a. Costco Wholesale Corporation collects annual membership fees from customers. b. The New York Times receives advertising revenues in advance from Citigroup, for an ad campaign that will run a full-page spread once a week for six months. c. Zappos is an online clothing and shoe retailer. It receives credit card payments when customers place their orders and ships products from warehouses within 5-7 business days. d. Ticketmaster contracts with the producer of Blue Man Group to sell tickets online. Ticketmaster charges each customer a fee of $7 per ticket and receives $12 per ticket from the producer. Ticketmaster does not take control of the ticket inventory. Average ticket price for the event is $99.
In: Accounting
Number of words required: 950
Resources: Pull the financial statements of 3 companies in the industry that you are interested in entering. Try to find companies that are pursuing different strategies.
· Examine Purina's business models and see if you can identify the drivers that they are influencing to achieve their strategy.
· Explain what you learned about Purina's revenue model, cost model, product mix, distribution channels, partners, target customers, and value proposition.
· Examine Blue's business models and see if you can identify the drivers that they are in?uencing to achieve their strategy.
· Explain what you learned about Blue's revenue model, cost model, product mix, distribution channels, partners, target customers, and value proposition.
· Explain what useful new elements you can incorporate into your business model.
· Discuss how these elements tie to your strategy.
Note: The companies mentioned above are dog's food.
In: Accounting
Please provide step by step on how to create the header files for this project. I received code for it but I am getting an error and I know it has to do with my header files. Please provide instructions on how to create these files along with the full code in C++ for the following:
Write a C++ program to simulate a service desk. This service desk should be able to service customers that can have one of three different priorities (high, medium, and low). The duration for any customer is a random number (between 5 minutes and 8 minutes). You need to write a program that will do the following:
Please provide entire code and screenshot of output. Thank you!
In: Computer Science
A male nursing home patient has his pulse taken every day. His pulse readings ( beats per minute) over a 1-month period are presented in the following table:
72 56 68 78 72 70
70 60 72 68 74 76
64 70 62 74 72 78
76 74 72 68 70 72
68 74 70 64 70 72
a) Make a suitable graph for this data.
b) Determine the mean, median, and mode. Be sure to include units in your answers.
c) Based on this data, which measure(s) - the mean, median, or mode-best describe(s) the man's typical pulse rate? Explain your reasoning.
In: Statistics and Probability