The defect rate for data entry of insurance claims has historically been about 1.00​%. This exercise contains only parts​ a, b,​ c, d, and e. ​a) If you wish to use a sample size of 200​, the 3​-sigma control limits are​: UCL Subscript pequals nothing ​(enter your response as a number between 0 and​ 1, rounded to three decimal​ places). LCL Subscript pequals nothing ​(enter your response as a number between 0 and​ 1, rounded to three decimal​ places). ​b) If the sample size is 100​, the 3sigma control limits are​: UCL Subscript pequals nothing ​(enter your response as a number between 0 and​ 1, rounded to three decimal​ places). LCL Subscript pequals nothing ​(enter your response as a number between 0 and​ 1, rounded to three decimal​ places). ​c) If the sample size is 200​, the 2sigma control limits are​: UCL Subscript pequals nothing ​(enter your response as a number between 0 and​ 1, rounded to three decimal​ places). LCL Subscript pequals nothing ​(enter your response as a number between 0 and​ 1, rounded to three decimal​ places). ​d) If the sample size is 100​, the 2sigma control limits are​: UCL Subscript pequals nothing ​(enter your response as a number between 0 and​ 1, rounded to three decimal​ places). LCL Subscript pequals nothing ​(enter your response as a number between 0 and​ 1, rounded to three decimal​ places). ​e) What happens to ModifyingAbove sigma with caret Subscript p when the sample size is​ larger? When the sample size is​ larger, ModifyingAbove sigma with caret Subscript p is

In 2006, the five leading suppliers of digital cameras in the United States were: Canon, Sony, Kodak, Olympus, and Samsung. The combined market share of these five firms was 60.9 percent. The leading firm was Canon, with a market share of 18.7 percent. The own-price elasticity for Canon’s cameras was -4.0 and the market elasticity of demand was -1.6. Suppose that in 2006, the average retail price of a Canon digital camera was $240 and that Canon’s marginal cost was $180 per camera.

Please answer the following questions:

1. Is the market for digital cameras concentrated?
2. What is the Rothschild index for Cannon? How would you interpret the Rothschild index you get?
3. What is the Lerner index for Cannon? How would you interpret the Lerner index you get?
4. Based on the information given in Question 1-3, what type of market structures (Perfect competition, Monopoly, monopolistic competition, or oligopoly) does these suggest? Why?

Q3: Pharmaceutical industry firms have been trying to counter the changes below through M&A and strategic alliance activity. Please categorize them according to Porter’s Five Forces.

Porter’s Five Forces:
-Threat of substitutes (SUBST)
-Threat of new entrants (NEWE)
-Threats of supplier leverage (SUPPL)
-Threat of buyer leverage (BUYER)
-Threat of rivalry (RIVAL)

Adapted from Schon, H. 2015. Pharmaceuticals M&A versus alliances and its underlying value drivers.
1. ________ Government austerity measures like the 2010 Affordable Care Act have lowered prices.
2. ________ Generics constituted 22% of pharmaceutical sales in 2006, 40% in 2016.
3. ________ Biologics (biotechnology) accounted for 16% of pharmaceutical sales in 2006, 22% in 2016.
4. ________ R&D productivity in terms of new FDA-approved small and large molecules has remained essentially unchanged since 1998, perhaps contributing to slowing industry sales at large firms.

Parent Corporation purchased 75 percent of Subsidiary Corporation in 2000; Subsidiary’s current balance sheet shows the following figures: Basis Value Demand Deposit $20,000 $20,000 IBM Stock $30,000 $50,000 Parking Lot $5,000 $30,000 Building 0 $100,000 Mortgage ($15,000) ($15,000) Subsidiary has a net operating loss carryover in 2006 of $7,000 and earnings and profits of $22,000. The subsidiary redeemed in 2003 the 25% shareholder Roy Rogers. The Subsidiary distributed the IBM stock for his 25% interest. In 2006, Subsidary adpots a plan of liquidation. a. What is the tax result to Roy in 2003? (i.e. realized, recognized gain or loss, tax character)? b. Does subsidiary recognize any gain on the redemption and the liquidation? (i.e. realized, recognized, and the tax character)? c. What are Parent’s basis for the assets received? d. What happens to Subsidiary’s NOL and E&P? In your analysi give computation anf the IRC section.

1. Will China maintain its strong economic growth in the years to come? Some suggest it will until 2050. what do you think?

2.If China will go from 17 million to 190 million middle-income people by the year 2020, would the scenario presented Best buy in 2006 not be applicable anymore? That is, the culture shock in 2006 was that the Chinese would not pay for Best Buy's overly expensive products unless they are a brand like Apple. Would newly rich Chinese customer engage in this purchasing by 2020?

3.With Alibaba's ownership of the very popular TaoBao online shopping system(similar to ebay and amazon) and its spread across the world, will a Western-based online shopping culture ultimately infiltrate China?

Refer http://www.chegg.com/homework-help/people-s-republic-china-opened-foreign-direct-investments-fd-chapter-4-problem-3cdq-solution-9781259686696-exc

Pole Position, a retailer at Destiny Mall, has a variable cost of $5 per lap driven. It has identified two segments of customers: Hard-Core drivers and Just-For-Fun drivers. For simplicity, throughout this problem, assume there is exactly one customer in each of the two segments. Market research has revealed how each segment values the experience, depending on how many laps are raced:

5. Suppose Pole Position had to set the price per lap the same regardless of the type of customer.

1. x
2. x
3. At this price, how many laps would a Just-For-Fun driver purchase?
4. How much profit would Pole Position earn from these sales?
5. x
6. Briefly explain why profit increases or decreases in this scenario.

4.

The Chinese government’s tobacco monopoly accounts for 12% of the government’s revenue. It sells to China's 310 million smokers, 1/4 of the world's smoking population, who consume 1700 billion cigarettes a year, about 30% of global consumption

By imposing a 230% tax rate on foreign cigarettes, and by imposing import quotas and restrictions, the government limited legal foreign cigarette sales to less than 2% of total Chinese sales in the late 1990s. However, by 2003 the foreign cigarette share was only 10%. To appease the World Trade Association, China agreed to lift restrictions on the retail sale of imported cigarettes by January 2004, to reduce the tariff on cigarettes from the current 65% to 24% , and to phase out the tariff over the next two years. Thus, the state's monopoly will be eroded.   Expectations were that the price of imported cigarettes would drop by half and imported cigarettes would gain a major share of the Chinese market.   

1. In this case study discuss the impacts of the quotas, tariffs and restrictions on Entry into the Chinese market. What was the intended end result? Explain.

2. Given your answer in (a), use a graphical analysis to demonstrate and explain what occurred after the restrictions were lifted.

The following information relates to the Ashanti Group of Companies for the year to 30 April 2020.

Additional Information:

Ashanti Ltd purchased 70% of the issued share capital of Bochem Ltd in 2000. At that time, the retained profits of Bochem amounted to $896,000.

Ashant Ltd purchased 60% of the issued share capital of Ceram Ltd in 2004. At that time, the retained profits of Ceram Ltd amounted to $320,000.

Sales from Ashanti to Bochem Ltd were $ 3 million during the post-acquisition period. Ashanti marks up all sales by 20%. At the reporting date this entire inventory remained in Bochem’s warehouse.

REQUIRED:

In so far as the information permits, prepare Fab Group of Companies’ Consolidated Income Statement for the year ended 30 April 2020 in accordance with IFRSs.   

The deliverable for this assignment is a written report. You must address the following questions in your analysis. Question 1: What prompted the pricing change in the case of Netflix and the debit card fee in the case of BoA? What explanation did the companies offer their customers? Do additional research as required to answer these questions. Question 2: What explains customers’ reactions to the pricing plan change announced by Netflix and the fee proposal announced by BoA? Include in your discussion what role elasticity may have played. Identify the determinant of elasticity most applicable to the explanation you have provided. Question 3: How do you explain why Netflix and Bank of America reacted differently to essentially similar customer responses? Include in your discussion what role a consideration of elasticity may have played in the company decisions. Do additional reading and research as required. Identify the determinant of elasticity most applicable to the explanation you have provided. Question 4: How long did it take for Netflix to recover lost ground in terms of its subscriber base? Which determinant of elasticity is most applicable to your answer for this question? What did Netflix do to bring about this turnaround? This "compare & contrast" case study is based on two real-world examples of pricing strategy dating back to 2011. The expectation is that you will apply your understanding of elasticity of demand to explain the contrasting final decisions. A reading list is provided for your reference. 1. The Case of Netflix Netflix, the popular online movie rental company, was founded in 1997 by Reed Hastings and Marc Randolph. In 1998, the Netflix.com website was launched; it was the first online DVD rental and sales site. The dominant brick-and-mortar DVD rental company at the time was Blockbuster. In 1999, Netflix debuted its subscription service, allowing subscribers to rent DVDs for monthly subscription fees. Netflix went public on May 23, 2002, listing on NASDAQ with an initial offer price of $15 per share and raising $77.2 million. Between October 2002 and January 2004, the stock price had appreciated by more than 1,500%. The company did a 2-for-1 stock split in February 2004 when the price reached $80 (Caplinger, 2016). At the time of its IPO in 2002, Netflix had about 600,000 subscribers. In 2007, it introduced online streaming, allowing subscribers to instantly watch TV shows and movies on their laptops or computers. Between 2007 and 2011, the number of subscribers in the U.S. grew from 7.48 million to 23.53 million (Dunn, 2017). On July 11, 2011, the stock closed at $41.53 (price adjusted for dividends). The Misstep: On July 12, 2011, Netflix split up its existing one DVD at a time + unlimited streaming plan for $9.99 into 3 separate plans: (1) DVD only starting at $7.99, (2) streaming only for $7.99, and (3) DVD + streaming for $15.98 (Gilbert, 2012). The rate hike caused a loss of subscriber base from 24.8 million subscribers in end-June to 23.8 million subscribers in end-September (Pepitone, 2011). By July 29, the stock price had dropped to $37.99, a drop of 8.5% from July 11. By November 25, it had tumbled to $9.12, a plunge of almost 78% since the day of the announcement (closing prices from NASDAQ). The Final Decision: Despite subscribers and investors voting with their feet, the company defended its decision – albeit apologetically - and implemented the new pricing plans. 2. The Case of Bank of America (BoA) Bank of America was established in 1904 as Bank of America National Trust and Savings Association. The Bank of America (BoA) entity was formed in 1998 as a merger between the erstwhile BankAmerica Corporation and NationsBank. From checking and savings accounts to debit cards, credit cards, loans, and asset management, BoA provides a range of services for both households and businesses. In the words of CEO Brian Moynihan, "Bank of America has been helping connect people to what is most important to them for more than 200 years." (Bank of America website). In 2010, the bank had $916.11 billion in deposits. At 12% of market share, this ranked BoA number one in terms of deposits. It was followed closely by JP Morgan Chase and Wells Fargo, each of which had about 10% market share (Comoreanu, 2017). BoA stock is listed on the NYSE. On April 1, 1998, the stock closed at $38 (price adjusted for dividends). On September 1, 2008, the stock closed at $35. The bank suffered losses during the financial crisis; monthly stock price data reveal a low of $3.95 on February 1, 2009. After recovering to $17.83 by March 1, 2010, the stock price started declining again. The downtrend continued in 2011, with a drop of almost 19 per cent between March 1 and June 1 (from $13.93 to $11.24), and another 29 per cent to $7.91 by September 1, 2011. The Misstep: On September 29, 2011, Bank of America announced that, beginning in early 2012, it would start charging its customers $5 a month for using their debit cards (Rauch, 2011). The announcement was met with angry outrage by customers on social media. Reflecting the negative sentiment, stock price declined 7 per cent in the week following the announcement, from $6.35 on September 29 to $5.90 on October 6. It had recovered about 8 per cent to $6.83 on October 31, 2011; it may be noted that this price was still almost 14 per cent lower compared to the price on September 1. The Final Decision: Following the tremendous backlash from its card holders, BoA abandoned its plans. On November 1, 2011, it announced that it would not implement the debit card usage fee (Bernard, 2011).

Find the regression equation (rounding values to 2 places), letting the first variable be the independent variable x.

Use the regression equation values to find the best predicted gross amount for a movie with a budget of 65 million dollars. Hint: Use the exact regression values to find an accurate predicted value and then round your answer.

In the table below, all amounts are in millions of dollars.