"I couldn't give my boys the things their friends had, and the things I and their mother wanted them to have. In fact, we were poor."
Robert Jensen
age: 85
Worked 45 years in a fabric factory
"My whole life has been pegged to the future. I tried to instill that into my children. None of them has followed it, unfortunately."
Tom Jensen Robert's son
age: 59
an accountant
"I don't believe a bit in the saying 'a penny saved is a penny earned'. Make megabucks, spend megabucks. I work hard to have fun."
Michael Jensen,
Tom's son
age: 27
an insurance salesman
These are real statements from a real family. Three generations of the Jensen family are all middle-class Americans, born and raised in this country. They all still live here too. Their philosophies about money, responsibility, life, and future inhabit different worlds. Write a page or so explaining those generational differences in the light of your understanding of the personal and family finance. Be clear and analytical. Express your own opinion freely because you will be judged based on how clear, organized, flowing, meaningful, convincing, and powerful your comments are.
In: Operations Management
A perfectly competative market with demand Qd=80-P. Let there be 4 firms (indexed by i=1,...,4), each with a cost curve C(qi)=6qi+3/2qi^2.
A) The firms interact in a competative market. What is the equilibrium p and q?
B) Firms 1 and 2 merge and become a firm with a reduced cost function C(qi)=1/2qi^2 while remaining fringe firms have the same cost functions as earlier. The market is still perfectly competative. What is the merged firms output, and there is no price ceiling.
C) Do consumer prefer the market before or after the merger, why?
Please show step by step
In: Economics
The market for a standard-sized cardboard container consists of
two firms: CompositeBox and Fiberboard. As the manager of
CompositeBox, you enjoy a patented technology that permits your
company to produce boxes faster and at a lower cost than
Fiberboard. You use this advantage to be the first to choose its
profit-maximizing output level in the market. The inverse demand
function for boxes is P = 1200 –
6Q,CompositeBox’s costs are
CC(QC) =
60QC, and Fiberboard’s costs are
CF(QF) =
120QF. Ignoring antitrust considerations, by
how much would your profits increase if you merged with
Fiberboard?
$
What is the minimum amount you would have to offer Fiberboard for
it to accept your purchase offer?
$
In: Economics
The market for a standard-sized cardboard container consists of two firms: CompositeBox and Fiberboard. As the manager of CompositeBox, you enjoy a patented technology that permits your company to produce boxes faster and at a lower cost than Fiberboard. You use this advantage to be the first to choose its profit-maximizing output level in the market. The inverse demand function for boxes is Q= 200-1/6P .CompositeBox�s costs are CC(QC) = 60QC, and Fiberboard�s costs are CF(QF) = 120QF. Ignoring antitrust considerations, by how much would your profits increase if you merged with Fiberboard? What will you have to offer Fiberboard to accept your offer?
In: Economics
To save money, lab usually merges blood samples for test. Samples from multiple people will be tested only once, if the result is negative (i.e. no virus, every criterion is in the normal range, etc.), then all these people tested are healthy. If the result is positive (at least one person from this batch whose blood sample is abnormal), then these samples are tested one-by-one. Suppose all samples are taken independently. If the probability that for a person to get a disease is 0.005. (5 points 2.5 for each)
a) What is the probability that the batch test with 30 people’s sample is positive?
b) What is the expected times of test with this method if 5 samples are merged? Does it save money?
In: Statistics and Probability
Before investing in a foreign location, a firm must take three things into consideration: the costs, benefits, and risks (political, economic, or legal) associated with entering into a business venture there.
Imagine you are the manager of a foreign company considering an investment in your home town. What would be some of the expected costs, benefits, or risks of starting a new business where you live? How high would you rate your location on its overall attractiveness to investors?
Note that you need to validate all definitions, and matters not known as facts, by citing from credible sources.
Remember that discussion posts must be substantial and supported (using APA) adding to the conversation/discussion. Discussion Question 1.1 is worth 25 points.
In: Accounting
HEALTHCARE ADMINISTRATION
For this week’s assignment, you will be creating a marketing tool for your practice to advertise the new vaccine clinic. You can either create a brochure to send out in the mail or posters to display around town. Consider your audience (who are you targeting?) while you create this item. Think about what would catch your eye as a customer when putting this together. You can create this tool in Word as a poster with clip art, etc. (watch copyright information), or as a brochure. Your grade will be based upon how effective your tool is at addressing the target audience, how well you catch their attention, the quality of the information you provide them, and the overall look of the tool.
In: Nursing
Black Oil Company is trying to decide whether to lease or buy a new computer-assisted drilling system for its extraction business. Management has already determined that acquisition of the system has a positive NPV. The system costs $9.4 million and qualifies for a 25% CCA rate. The equipment will have a $975,000 salvage value in five years. Black Oil’s tax rate is 36%, and the firm can borrow at 9%. Cape Town Company has offered to lease the drilling equipment to Black Oil for payments of $2.15 million per year. Cape Town’s policy is to require its lessees to make payments at the start of the year.
What is the NAL for Black Oil Company? What is the maximum lease payment that would be acceptable to the company?
In: Accounting
After graduating from college, Melissa Malone landed a position with Orchard Creek, one of the finest children’s boutiques in the Boston area. Three years ago, Melissa was promoted to Assistant Buyer. Among her other responsibilities, Melissa is now the sole buyer for the Children’s Accessories Department.
Orchard Creek has successfully been selling children’s clothing over 25years. Its merchandising assortment includes classic children’s clothing, fashionable accessories, and unique gift items for infants, toddlers, boys, and girls. Employee takes great pride in this store. The boutique, well known for its merchandise quality and exceptional customer service, has received many awards, including the “Readers’ Choice Award” and “Top Pick” for Best Children’s Clothing from local newspapers as well as regional magazine.
This fall, however, the Children’s Accessory Department is failing short of meeting its sales goal. During an October meeting with the department sales manager, the merchandise manager, and the advertising manager, Melissa was directed to examine her department’s performance. Within two days, Melissa must analyze the performance of the Children’s Accessories Department, compare it with the department’s six moth plan, calculate the department’s open-to-buy for the remainder of October, and identify feasible options for getting the department back on track.
Melissa reviewed her six-month plan for Orchard Creek’s Children’s Accessory Department, including the actual performance for August and September. She also observed the department’s current performance from October 1 through October 15. In her midmonth analysis, Melissa observed the following:
What are at least two actions Melissa could propose to improve the sales performance of the Children’s Accessories Department?
In: Economics
In: Psychology