The National Bank of Mayville quotes an APY of 3.5 percent on a one-year money market CD sold to one of the small businesses in town. The firm posted a balance of $2,500 for the first 90 days of the year, $3,000 over the next 180 days, and $4,500 for the remainder of the year.
How much in total interest earnings did this small business customer receive for the year?
In: Finance
can you find any information about effect of Maytag leaving newton? Have most of the workers found other jobs, perhaps in Des monies? What has been the impact on Newton? Has the town been able to recover, perhaps by luring other businesses or developers willing to take over some or all the abandoned Maytag building? What is the least on maytag?
In: Operations Management
Suppose we want to estimate the average weight of children in a particular school district. The district contains 15 elementary schools, 10 middle schools, and 2 high schools. For each of the following approaches, select the best description of the sampling design, and identify whether the sampling scheme ensures that the probability of being included is necessarily the same for every student.
A. List all the students in the school district. Average the weights of every 50th student on the list.
(Q5) ? A: a simple random sample B: a systematic random sample C: a stratified random sample D: a random cluster sample E: a random stratified cluster sample F: a multistage random sample G: a multistage random cluster sample H: a random stratified multistage cluster sample I: a systematic sample J: another non-probability sample
B. Take a simple random sample of 5 schools in the district. For each school in the sample, list all the homerooms. Take a simple random sample of 3 homerooms from each school in the sample. For each homeroom in the sample, list the students. Take a simple random sample of 10 students from each homeroom in the sample. List their weights. Combine the lists and average the results.
(Q7) ? A: a simple random sample B: a systematic random sample C: a stratified random sample D: a random cluster sample E: a random stratified cluster sample F: a multistage random sample G: a multistage random cluster sample H: a random stratified multistage cluster sample I: a systematic sample J: another non-probability sample
C. List all the schools in the school district. For each school, list all the teachers at the school; sort them alphabetically within each school. For each school, list the weights of the students of the teacher who is first on that school's sorted teacher list. Combine the lists and average the results.
(Q9) ? A: a simple random sample B: a systematic random sample C: a stratified random sample D: a random cluster sample E: a random stratified cluster sample F: a multistage random sample G: a multistage random cluster sample H: a random stratified multistage cluster sample I: a systematic sample J: another non-probability sample
D. Take a simple random sample of 5 schools in the district. For each school in the sample, list the weights of all the students. Combine the lists and average the result.
(Q11) ? A: a simple random sample B: a systematic random sample C: a stratified random sample D: a random cluster sample E: a random stratified cluster sample F: a multistage random sample G: a multistage random cluster sample H: a random stratified multistage cluster sample I: a systematic sample J: another non-probability sample
1 answer for each
In: Statistics and Probability
Balancing the marketing mix through creative and innovative strategies
W.K. Kellogg and his brother, Dr. John Harvey Kellogg, founded the Kellogg Company in 1898. Through experimentation with flaked corn, W.K. Kellogg created the recipe for Corn Flakes. In 1906, he opened the “Battle Creek Toasted Corn Flake Company” and recruited his first 44 employees. Together with these employees he developed the initial batch of Kellogg's Corn Flakes bringing to life his vision for great-tasting, ‘better-for-you’ breakfast foods.
Kellogg embraced every opportunity to make a difference in peoples’ lives and was motivated by his passion to help people improve their health. Today, over a hundred years since it was first founded, the Kellogg Company still upholds his original values. The company is the world’s leading producer of cereals and a market leader in health and nutrition. Kellogg’s was one of the first companies to print nutrition labels on its packaging and, in 2007, was amongst the first companies to print Guideline Daily Amounts (GDA) on its products to inform the public about the food they are eating. This has helped the company to engage with a market more concerned with healthy living
A marketing strategy determines what a company is going to produce in terms of products or deliver in terms of services, how much it is going to charge for these products or services, how it will deliver these products or services to the customer, and how it is going to tell its customers about its products and services. This is known as the marketing mix and is often referred to as the 4Ps of marketing. The mix involves creating the right product, sold at the right price, in the right place, using the most suitable methods of promotion. Although the marketing mix will vary from business to business and market sector, its purpose is to assist a business to balance these four key factors to meet the needs of the customer
Kellogg’s balances the 4Ps by Offering a wide range of popular products and regularly introducing exciting new products to the market. Pricing its products to ensure that customers receive the best possible product for their money. Help ensuring its products are available wherever shoppers are, from supermarkets, to the internet or on-the-go, and by understanding shopper behaviors. Delivering engaging and exciting marketing communications.
Getting the right product or service to the customer, at the right price, in the right place and at the right time is fundamental to business success. Understanding and balancing the marketing mix enables an organization to uniquely position its brand to drive sales of its products and services. To remain as a market leader a business needs to continually look at new ways of engaging and exciting customers in its products and services.
Please answer the following questions:
1-Discuss how Kellogg succeeded in differentiating and positioning its products for maximum competitive advantage in the marketplace?
2-Identify any one of Kellogg's competitor to discuss the differences in marketing strategies between the two.
In: Economics
1. (Public Goods Game) Suppose that there are two people, Agent
1 and Agent 2 in a town.
Assume that there is no street light in the town. To build a street
light, someone should pay
costs and once it is built, everyone can enjoy the benefit of street
light as there is no way to
force not to use it. Once the street light is build, while Agent 1
has 10 payoff, Agent 2 has 5
payoff. If only one person paid for it, the cost of building a
street light is 6. If both agents
paid, each person needs to pay only half of it, thus the cost in
this case is 3. As a result, the
payoff matrix of this public goods game is as follows.
| pay | not pay | |
| pay | 7,2 | 4,5 |
| not pay | 10,1 | 0,0 |
(a) What are BR1(Pay) and BR1(Not Pay)? And what are BR2(Pay)
and BR2(Not Pay)?
(b) What is the Nash Equilibrium (NE)?
(c) Suppose that there are many agents who have the same preference
of Agent 2. In that
case, what would be the NE? Please explain this with Free Rider
problem.
In: Economics
Information for questions 1-4: On January 1, Town Spa Pizza purchased a delivery truck for $36,000. The truck has an estimated useful life of 10 years or 140,000 miles and an estimated residual value of $8,000. Town Spa’s fiscal year is the calendar year. Calculate the amounts requested below.
1. Depreciation Expense for the year, using the production method. Assume 22,000 miles were driven this year.
a. $4,400 c. $2,800
b. $5,657 d. $3,600
2. The total accumulated depreciation after the truck has been used for 5 years, using the straight-line method.
a. $22,000 c. $2,800
b. $13,000 d. $14,000
3. Depreciation Expense for year 3 of use, using the double-declining balance method.
a. $4,032 c. $3,584
b. $5,184 d. $4,608
4. Assume the truck was purchased on September 20. The depreciation expense for calendar year 2 of use, using the double-declining balance method, would be:
a. $4,750 c.$3,656
b. $6,840 d. $5,320
In: Accounting
A shop is selling stationery through two shops in town, and their website allows online orders. They receive online orders from two of their regular customers, each requiring glossy A3 printing paper. Customer X needs 40 boxes, whereas customer Y needs 60 boxes.
The shop in the north side of town has 85 boxes of glossy A3 paper in stock, whereas their south side shop has 55 boxes in stock. Delivery costs per box are as follows: $0.55 from the north shop to customer X, $0.65 from the north shop to customer Y, $0.45 from the south shop to customer X, and $0.60 from the south shop to customer Y.
Solve using simplex method and draw a clear graphical representation of the problem.
a) Develop the optimization problem to minimize the total delivery costs for this shop.
b) Identify how many boxes of glossy A3 paper need to be shipped from which shop to the two customers. Show your calculations in detail, along with a graphical interpretation of the problem and its solution.
In: Math
Jen and Larry’s Frozen Yogurt Company
In 2019, Jennifer (Jen) Liu and Larry Mestas founded Jean and Larry’s Frozen Yogurt Company, which was based on the idea of applying the microbrew or microbatch strategy to the production and sale of frozen yogurt. Jen and Larry began producing small quantities of unique flavors and blends in limited editions. Revenues were $600,000 in 2019 and were estimated to be $1.2 million in 2020.
Because Jen and Larry were selling premium frozen yogurt containing premium ingredients, each small cup of yogurt sold for $3, and the cost of producing the frozen yogurt averaged $1.50 per cup. Administrative expenses, including Jen and Larry’s salary and expenses for an accountant and two other administrative staff, were estimated at $180,000 in 2020. Marketing expenses, largely in the form of behind-the-counter workers, in-store posters, and advertising in local newspapers, were projected to be $200,000 in 2020.
An investment in bricks and mortar was necessary to make and sell the yogurt. Initial specialty equipment and the renovation of an old warehouse building in lower downtown (known as LoDo) occurred at the beginning of 2019. Additional equipment needed to make the amount of yogurt forecasted to be sold in 2020 was purchased at the beginning of 2020. As a result, depreciation expenses were expected to be $50,000 in 2020. Interest expenses were estimated at $15,000 in 2020. The average tax rate was expected to be 25% of taxable income.
How many cups of frozen yogurt would have to be sold for the firm to reach its projected revenues of $1.2 million?
Calculate the dollar amount of EBDAT if Jen and Larry’s Frozen Yogurt Company achieves the forecasted $1.2 million in sales for 2020. What would EBDAT be as a percent of revenues?
In: Finance
1. In 1986, Scott Stillinger developed the Koosh ball and founded OddzOn Products, Inc. to sell the toy. Assume that the Koosh ball production function is: Q = L*(32-L) Which would make the marginal product of labor equal to: MPL = 32-2L The minimum wage is $7.25 and the price of a Koosh ball is $3.50. a. If Stillinger is a profit-maximizing employer, how many workers will he hire? Show your work and briefly explain why this is the optimal number of workers.
b. Assume that in the long run Stillinger begins employing more capital. If the price of capital is cheaper than workers, what will happen to labor demand? Briefly explain using scale and substitution effects.
In: Economics
Case 1–2: True Religion Jeans: Flash in the Pants or Enduring Brand?
Founded in 2002 by Jeff Lubell, True Religion had become one of the largest premium denim brands in the United States by 2012. Although True Religion made its debut in upscale department stores and trendy boutiques a decade earlier, the company owned 86 full price retail stores and 36 outlet stores in the United States as well as 30 stores in international markets by the end of 2012. The company’s domestic retail store business accounted for about 60% of revenues and 64% of operating profit before unallocated corporate expenses in 2012. Just five years earlier, the U.S. retail store segment generated only 17% of sales and 25% of operating profit before unallocated corporate expenses.
Jeff Lubell’s vision of the company had come true—at least partly. The company had transformed itself from a jeans designer into an apparel retailer with it own brand à la Buckle and Diesel. At the same time, True Religion had managed to shift its product mix so that sportswear accounted for almost 35% of sales in its company-owned stores. Lubell felt these two ingredients were critical to establishing True Religion as a “lifestyle brand.” The ultimate in product differentiation, many companies attempt to create so-called “lifestyle” brands that transcend product category and inspire deep consumer loyalty. Lubell felt becoming a lifestyle brand was the key to insulating True Religion from the inevitable fluctuations in fashion trends.
Moreover, True Religion’s sales had grown at an average annual rate of almost 22% from 2007-2012. The company’s return on invested capital was an impressive 27% and its return on average assets was 12% in 2012. Despite these factors, press articles and analyst reports on True Religion described the company as, “the struggling maker of premium denim.”1 A New York Post article entitled “Escape From Hell for True Religion” described private equity firm, TowerBrook, as the company’s “savior,”2 when the company announced it had been acquired by TowerBrook in 2013. Other denim brands, such as Jeff Rudes’ J Brand, appeared to be usurping True Religion’s position as the “must have” denim brand for young consumers.
What had gone wrong at True Religion? Was the change in ownership the answer to the company’s problems? Was premium denim destined to go the way of Flash Dance legwarmers and Crocs as fast fashion from the likes of H&M became more mainstream? Private equity investors had snapped up stakes in both established and up-and-coming premium denim brands in the past five years—leaving just one publicly traded premium jeans maker, Joe’s Jeans. Should investors stay away from the industry?
In: Finance