One Question = Please analyze this case, using International Trade methodology (not a short answer please) The Schwinn Bicycle Company illustrates the notion of globalization and how producers react to foreign competitive pressure. Founded in Chicago in 1895, Schwinn grew to produce bicycles that became the standard of the industry. Although the Great Depression drove most bicycle companies out of business, Schwinn survived by producing durable and stylish bikes sold by dealerships that were run by people who understood bicycles and were anxious to promote the brand. Schwinn emphasized continuous innovation that resulted in features such as built-in kickstands, balloon tires, chrome fenders, head and tail lights, and more. By the 1960s, the Schwinn Sting Ray became the bicycle that virtually every child wanted. Celebrities such as Captain Kangaroo and Ronald Reagan pitched ads claiming that “Schwinn bikes are the best.” Although Schwinn dominated the U.S. bicycle industry; the nature of the bicycle market was changing. Cyclists wanted features other than heavy, durable bicycles that had been the mainstay of Schwinn for decades. Competitors emerged, such as Trek, which built mountain bikes, and Mongoose, which produced bikes for BMX racing. Falling tariffs on imported bicycles encouraged Americans to import from companies in Japan, South Korea, Taiwan, and eventually China. These companies supplied Americans with everything ranging from parts to entire bicycles under U.S. brand names, or their own brands. Using production techniques initially developed by Schwinn, foreign companies hired low-wage workers to manufacture competitive bicycles at a fraction of Schwinn’s cost. As foreign competition intensified, Schwinn moved production to a plant in Greenville, Mississippi in 1981. The location was strategic. Like other U.S. manufacturers, Schwinn relocated production to the South in order to hire nonunion workers at lower wages. Schwinn also obtained parts produced by low-wage workers in foreign countries. The Greenville plant suffered from uneven quality and low efficiency, and it produced bicycles no better than the ones imported from Asia. As losses mounted for Schwinn, the firm declared bankruptcy in 1993. Eventually Schwinn was purchased by the Pacific Cycle Company that farmed the production of Schwinn bicycles out to low-wage workers in China. Most Schwinn bicycles today are built in Chinese factories and are sold by Walmart and other discount merchants. Cyclists do pay less for a new Schwinn under Pacific’s ownership. It may not be the industry standard that was the old Schwinn, but it sells at Walmart for approximately $180, about a third of the original price in today’s dollars. Although cyclists may lament that a Schwinn is no longer the bike it used to be, Pacific Cycle officials note that it is not as expensive as in the past either. One Question = Please analyze this case, using International Trade methodology (not a short answer please)

1. Add a new product: Mac’s juice center, located near the university, serves as a gathering place for the university’s students. It sells orange juice at a contribution of $0.60 per bottle. Mac is considering selling sandwiches. He analyzed the following costs of adding sandwiches:

Mac planned a selling price of $1.20 per sandwich to lure many customers. He thinks atleast 60 extra bottles of orange juice can be sold each day because he has sanwiches available. Assume 30 days in a month.

How many sandwiches should he sell on average each day for it to be worthwhile for Mac to expand into sandwiches?

Assume that your company or agency is concerned about near-term economic conditions and wishes to obtain a qualitative forecast of sales or service in the upcoming quarter. Assume also that you are the market analyst for your company or agency planning to use one or more of the leading economic indicators (LEI) published by the US Department of Commerce to formulate your qualitative forecast. You can Google TheLeading Economic Indicator

All early civilizations – i.e. prehistoric, Near Eastern, Egyptian, Aegean, Greek, and Roman – attempted to represent the human figure within their art. Within this essay, provide a comprehensive analysis of the similarities and differences in the representation of the human form in these early depictions. Address not only the artistic portrayal of the human body, but also how these art forms were significant within the culture in which they were created. Provide specific artwork examples (including identifying data, such as titles or source references) throughout your essay

Tyler and Sherry Hughes, both graduate students, moved into an apartment near the university. Sherry wants to buy renter’s insurance, but Tyler thinks they don’t need it because their furniture isn’t worth much. Sherry points out that, among other things, they have some expensive computer and stereo equipment. To help the Hughes resolve their dilemma, suggest a plan for deciding how much insurance to buy, and give them some ideas for finding a policy.

A buoy bobs up and down, undergo- ing near simple harmonic motion. Which of the following statements are true about the buoy?

(a) The buoyancy force is a maximum when the buoy moves the fastest.
(b) The buoyancy force is always a maximum when the displacement of the buoy from equilibrium is greatest.
(c) The acceleration of the buoy is maximum when it’s speed is zero.
(d) The acceleration of the buoy is zero when it’s speed is zero.
(e) The time it takes the buoy’s velocity to go from a minimum to maximum is the same amount of time it takes it’s acceleration to go from a minimum to a maximum.

1. A group of private investors borrowed $30,053,950million to build 300 new luxury apartments near a large university. The money was borrowed at 5% annual interest, and the loan is to be repaid in equal annual amounts over a 40-year period. Annual operating and maintenance expenses are estimated to be $5,202 per apartment. This expense will be incurred even if an apartment is vacant. The rental fee for each apartment will be $14,241 per year, and the worst case occupancy rate is projected to be 89%. Investigate the sensitivity of annual profit (or loss) to changes in annual operating and maintenance expense.

1. Kilgore’s Deli is a small delicatessen located near a major university. Kilgore’s does a large walk-in carry-out lunch business. The deli offers two luncheon chili specials, Wimpy and Dial 911. At the beginning of the day, Kilgore needs to decide how much of each special to make (he always sells out of whatever he makes). The profit on one serving of Wimpy is $0.4, on one serving of Dial 911, $0.53. Each serving of Wimpy requires 0.2 pound of beef, 0.2 cup of onions, and 5 ounces of Kilgore’s special sauce. Each serving of Dial 911 requires 0.2 pound of beef, 0.35 cup of onions, 2 ounces of Kilgore’s special sauce, and 5 ounces of hot sauce. Today, Kilgore has 15 pounds of beef, 10 cups of onions, 84 ounces of Kilgore’s special sauce, and 55 ounces of hot sauce on hand.

   1. Develop a linear programming model that will tell Kilgore how many servings of Wimpy and Dial 911 to make in order to maximize his profit today. If required, round your answers to two decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank. (Example: -300)
      

      Let	W = number of servings of Wimpy to make
      	D = number of servings of Dial 911 to make

      Max	W	+	D
      s.t.
      	W	+	D			(Beef)
      	W	+	D			(Onions)
      	W	+	D			(Special Sauce)
      	W	+	D			(Hot Sauce)
      			W, D	≥	0

   2. Find an optimal solution. If required, round your answers to two decimal places.
      
      W =________ , D =________ , Profit = ______$  
      
   3. What is the shadow price for special sauce? If required, round your answers to two decimal places.
      
      $ _________
      
   4. Increase the amount of special sauce available by 1 ounce and re-solve. If required, round your answers to two decimal places.
      
      W =______ , D =_________ , Profit = ______$  
      
      Does the solution confirm the answer to part (c)?
      

1. Kilgore’s Deli is a small delicatessen located near a major university. Kilgore’s does a large walk-in carry-out lunch business. The deli offers two luncheon chili specials, Wimpy and Dial 911. At the beginning of the day, Kilgore needs to decide how much of each special to make (he always sells out of whatever he makes). The profit on one serving of Wimpy is $0.4, on one serving of Dial 911, $0.53. Each serving of Wimpy requires 0.2 pound of beef, 0.2 cup of onions, and 5 ounces of Kilgore’s special sauce. Each serving of Dial 911 requires 0.2 pound of beef, 0.35 cup of onions, 2 ounces of Kilgore’s special sauce, and 5 ounces of hot sauce. Today, Kilgore has 15 pounds of beef, 10 cups of onions, 84 ounces of Kilgore’s special sauce, and 55 ounces of hot sauce on hand.

   1. Develop a linear programming model that will tell Kilgore how many servings of Wimpy and Dial 911 to make in order to maximize his profit today. If required, round your answers to two decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank. (Example: -300)
      

      Let	W = number of servings of Wimpy to make
      	D = number of servings of Dial 911 to make

      Max	W	+	D
      s.t.
      	W	+	D			(Beef)
      	W	+	D			(Onions)
      	W	+	D			(Special Sauce)
      	W	+	D			(Hot Sauce)
      			W, D	≥	0

   2. Find an optimal solution. If required, round your answers to two decimal places.
      
      W =________ , D =________ , Profit = ______$  
      
   3. What is the shadow price for special sauce? If required, round your answers to two decimal places.
      
      $ _________
      
   4. Increase the amount of special sauce available by 1 ounce and re-solve. If required, round your answers to two decimal places.
      
      W =______ , D =_________ , Profit = ______$  
      
      Does the solution confirm the answer to part (c)?
      

Three former college classmates decided to open a store near campus to sell wireless equipment to students. They created a public company, The Wire, and issued stock to interested investors. They plan on creating monthly financial statements.

Required: Several transactions occurred in March. Each is described separately in this folder. For each transaction, indicate the accounts for The Wire that are affected, whether they increase or decrease, and the amount of the increase or decrease.

YOU MUST FOLLOW THE INSTRUCTIONS BELOW. IF YOU DON'T, YOU MAY KNOW THE CORRECT ENTRY BUT THE COMPUTER WILL NOT RECOGNIZE IT AND WILL NOT GIVE YOU CREDIT.

After each transaction description, there are several "Account" submission boxes and corresponding "Amount" submission boxes. To indicate the accounts that you think are affected, choose them from the drop-down menu. But you MUST select them in the order that they are listed in the menu. FOR EXAMPLE, if you think that Cash and Inventory are affected by a particular transaction, you must record the effect on the Cash account first and the effect on the Inventory account second, since that is the order in which they are listed in the drop-down menu. If you record the Inventory effect first and the Cash effect second, even if they are the correct accounts with the correct dollar amounts, your answer will be considered wrong.

When you record the dollar amounts, be sure to use a minus sign to indicate a decrease in the account. You don't need to use a plus sign to indicate an increase. Also, don't use a dollar sign or spaces.

There are always more "Account" and "Amount" submission boxes available than are necessary. When you have indicated all the accounts that are affected by the transaction, select "Leave Blank" from the drop-down menu for EACH of the remaining "Account" submission boxes (you can leave the "Amount" boxes blank).

For transactions 3, 4, 5, and 8, you are given additional instructions. Read them carefully.

You get 5 tries for each complete entry.

The entries for transaction #8 is worth 4 points. The entries for each of the other transactions are worth 2 points.

Transaction 1
On March 1, the three classmates opened a checking account for The Wire at a local bank. They each deposited $20,000 in exchange for shares of stock. A few of their friends also purchased stock totaling $14,000 that was deposited in The Wire account. (Options for Account portion: Cash, Accounts Receivable, Inventory, Prepaid Rent, Fixtures and Equipment, Accounts Payable, Interest Payable, Wages Payable, Notes Payable, Paid-In Capital, Retained Earnings, Leave Blank)

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:   

Transaction 2
The company quickly acquired $37,000 in inventory, 50% of which was acquired on open accounts that were payable after 30 days. The rest was paid for in cash. (Options for Account portion: Cash, Accounts Receivable, Inventory, Prepaid Rent, Fixtures and Equipment, Accounts Payable, Interest Payable, Wages Payable, Notes Payable, Paid-In Capital, Retained Earnings, Leave Blank)

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:   

Transaction 3
A one-year store rental lease was signed on March 1 for $1,200 per month, and rent for the first 2 months was paid in advance. [Note: Record the complete entry for the March 1 transaction first and the complete adjusting entry on March 31 second.] Options for Account portion: Cash, Accounts Receivable, Inventory, Prepaid Rent, Fixtures and Equipment, Accounts Payable, Interest Payable, Wages Payable, Notes Payable, Paid-In Capital, Retained Earnings, Leave Blank)

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:

Transaction 4
The owners paid $3,500 for website advertising. They were able to get a good deal because one of the company's owners also owns stock in the website company. The owners also paid $5,000 for some advertising in local newspapers. [Note: Combine both transactions into one entry]. Options for Account portion: Cash, Accounts Receivable, Inventory, Prepaid Rent, Fixtures and Equipment, Accounts Payable, Interest Payable, Wages Payable, Notes Payable, Paid-In Capital, Retained Earnings, Leave Blank)

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:

Transaction 5
Sales were $78,000. Cost of merchandise sold was 75% of its sales price. 60% of the sales were on open account. [Note: Record the complete entry for the sales first and the complete entry for the expenses second] Options for Account portion: Cash, Accounts Receivable, Inventory, Prepaid Rent, Fixtures and Equipment, Accounts Payable, Interest Payable, Wages Payable, Notes Payable, Paid-In Capital, Retained Earnings, Leave Blank)

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:

Transaction 6
Wages and salaries in March were $10,300, of which $8,200 was actually paid to employees. Options for Account portion: Cash, Accounts Receivable, Inventory, Prepaid Rent, Fixtures and Equipment, Accounts Payable, Interest Payable, Wages Payable, Notes Payable, Paid-In Capital, Retained Earnings, Leave Blank)

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:

Transaction 7
Miscellaneous expenses were $1,700, all paid for with cash. Options for Account portion: Cash, Accounts Receivable, Inventory, Prepaid Rent, Fixtures and Equipment, Accounts Payable, Interest Payable, Wages Payable, Notes Payable, Paid-In Capital, Retained Earnings, Leave Blank)

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:

Transaction 8
On March 1, fixtures and equipment were purchased for $4,000 with a down payment of $1,500 and a $2,500 note, payable in one year. Interest of 6% per year was due when the note was repaid. The estimated life of the fixtures and equipment is 12 years with no expected salvage value. [Note: Record the complete entry for the March 1 equipment purchase first, the March 31 depreciation adjusting entry second, and the March 31 interest adjusting entry third. Also, round all answers to the nearest cent.] Options for Account portion: Cash, Accounts Receivable, Inventory, Prepaid Rent, Fixtures and Equipment, Accounts Payable, Interest Payable, Wages Payable, Notes Payable, Paid-In Capital, Retained Earnings, Leave Blank)

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:

Transaction 9
Cash dividends totaling $5,000 were paid to stockholders on March 31. Options for Account portion: Cash, Accounts Receivable, Inventory, Prepaid Rent, Fixtures and Equipment, Accounts Payable, Interest Payable, Wages Payable, Notes Payable, Paid-In Capital, Retained Earnings, Leave Blank)

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount:     

Account:               Dollar amount: