Northwood Company manufactures basketballs. The company has a ball that sells for $49. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $34.30 per ball, of which 70% is direct labor cost. Last year, the company sold 58,000 of these balls, with the following results: Sales (58,000 balls) $ 2,842,000 Variable expenses 1,989,400 Contribution margin 852,600 Fixed expenses 705,600 Net operating income $ 147,000 Required: 1-a. Compute last year's CM ratio and the break-even point in balls. (Do not round intermediate calculations.) 1-b. Compute the the degree of operating leverage at last year’s sales level. (Round your answer to 2 decimal places.) 2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $4.90 per ball. If this change takes place and the selling price per ball remains constant at $49.00, what will be next year's CM ratio and the break-even point in balls? (Do not round intermediate calculations.) 3. Refer to the data in (2) above. If the expected change in variable expenses takes place, how many balls will have to be sold next year to earn the same net operating income, $147,000, as last year? (Do not round intermediate calculations. Round your answer to the nearest whole unit.) 4. Refer again to the data in (2) above. The president feels that the company must raise the selling price of its basketballs. If Northwood Company wants to maintain the same CM ratio as last year (as computed in requirement 1a), what selling price per ball must it charge next year to cover the increased labor costs? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 5. Refer to the original data. The company is discussing the construction of a new, automated manufacturing plant. The new plant would slash variable expenses per ball by 30%, but it would cause fixed expenses per year to increase by 86%. If the new plant is built, what would be the company’s new CM ratio and new break-even point in balls? (Do not round intermediate calculations.) 6. Refer to the data in (5) above. a. If the new plant is built, how many balls will have to be sold next year to earn the same net operating income, $147,000, as last year? (Do not round intermediate calculations. Round up your final answer to the nearest whole number.) b-1. Assume the new plant is built and that next year the company manufactures and sells 58,000 balls (the same number as sold last year). Prepare a contribution format income statement (Do not round your intermediate calculations.) b-2. Compute the degree of operating leverage. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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)?