Question 2:

a) How might customer profitability analysis be used to improve organisational performance? Suggest and explain which costing approach can be used to implement customer profitability analysis?

b) Hector Gonzales runs the Floral Art Company, which supplies floral arrangements to three large supermarket chains throughout Australia. Management has become concerned about the rising costs associated with the process and dispatch of orders. An activity analysis of the indirect costs identified the following customer-related costs.

Required:

1. Assign the activity costs to each of the three customers

1. Calculate the contribution for each customer if the sales pattern for each is as follows:

Hints: conduct a customer profitability analysis based on the above customer related indirect costs.

1. What conclusion can we draw from the customer profit analysis? Advise the management of the Floral Art Company as to whether any changes should be made in its relationships with customers. Advise Hector as to how he should go about executing these changes.

A small company just opened a new massage station at Philadelphia airport. The company has a stand that offers massages to travelers.Customers can select a length of massage between 5 and 20 minutes and there is a unique rate of $30 independently of the length selected by customers. The average length of massage requested by customers is of 15 minutes with standard deviation of 10 minutes. There are TWO employees delivering massages. The average number of potential customers requesting a massage is of 20 per hour. The inter-arrival times are assumed to be exponentially distributed. If no spot is available when the customer arrives, s/he leaves in order not to risk missing her/his flight. What is the average number of customers serviced per hour? (You should be accurate up to two decimal digits after the decimal point.)

How do viruses contribute to cancer? (explain)

What are the factors that contribute to a successful budgeting process?

Explain how the tax system contribute to the development

What factors contribute to the facilitation of group development?

Question 3.

Suppose a public good G can be created from the contribution( gi) of N different people. That is:G=g1+g2+g3+⋯+gN An individual’s consumer surplus is√G−g. How much will everyone contribute, if they each try to maximize only their own consumer surplus? How much should everyone contribute to maximize total consumer surplus?

From the Chapter 5, in the book theories of "Human Learning: What the professor said-180-day option, 6th edition Guy R Lefrancois", in thinking about the topic of taste aversion please discuss the key concepts that contribute to this type of learning. Furthermore, what parts of the brain might contribute to this learning process and how? Give two references from outside book.

A plane delivers two types of cargo between two destinations. Each crate of cargo I is 5 cubic feet in volume and 145 pounds in weight, and earns $35 in revenue. Each crate of cargo II is 5 cubic feet in volume and 290 pounds in weight, and earns $45 in revenue. The plane has available at most 425 cubic feet and 13,920 pounds for the crates. Finally, at least twice the number of crates of I as II must be shipped. Find the number of crates of each cargo to ship in order to maximize revenue. Find the maximum revenue.

The market demand for a hamburger is given by the equation Qd=6-0.5P

1. Derive the market demand schedule and the toral revenue if the price per hamburger takes the following values: $12, $10, $6, $6, $4, $2, $0.
2. Using this information about demand and the total revenue, draw the demand and TR revenue curves.
3. Use the point elasticity formula, compute the price elasticity of demand at each hamburger price and show the relationship between the price elasticity of demand and the total revenue for each price on the demand curve you have drawn.