The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education in business analytics. One of the programs offered by the center is a quarterly Business Intelligence Symposium. Each symposium features three speakers on the real-world use of analytics. Each of the corporate members of the center (there are currently 10) receives twelve free seats to each symposium. Nonmembers wishing to attend must pay $75 per person. Each attendee receives breakfast, lunch, and free parking. The following are the costs incurred for putting on this event:
| Rental cost for the auditorium: | $150 | |
| Registration Processing: | $8.50 | per person |
| Speaker Costs: 3@$800 | $2,400 | |
| Continental Breakfast: | $4.00 | per person |
| Lunch: | $7.00 | per person |
| Parking: | $5.00 | per person |
| (a) | The Center for Business Analytics is considering a refund policy for no-shows. No refund would be given for members who do not attend, but for nonmembers who do not attend, 50% of the price will be refunded. Build a spreadsheet model in Excel that calculates a profit or loss based on the number of nonmember registrants. Extend the model you developed for the Business Intelligence Symposium to account for the fact that historically, 25% of members who registered do not show and 10% of registered nonmembers do not attend. The center pays the caterer for breakfast and lunch based on the number of registrants (not the number of attendees). However, the center only pays for parking for those who attend. What is the profit if each corporate member registers their full allotment of tickets and 127 nonmembers register? | ||||||
|
If required, round your answers to two decimal places.
|
In: Accounting
1. Which of the following is NOT counted when calculating the U.S. GDP using the income approach
A. after-tax profits (dividends) paid to the Japanese owners resulting from the activity of the Toyota Motor Manufacturing plant that operates in Kentucky, US.
B. the wage compensation paid to a Japanese plant manager who has been helping run (on-site) the Kentucky factory for this past year.
C. interest paid to domestic lenders by the state of Kentucky for a loan made to cover a temporary shortfall in the unemployment benefit payments system due to a large number of workers that had been laid off by Toyota Motor Manufacturing, Kentucky
D. business taxes paid to the local government by Toyota Motor Manufacturing plant that operates in Kentucky.
E. wages and salaries paid to domestic workers at Toyota Motor Manufacturing (a Japanese owned brand) in Kentucky, US.
2. Which of the following statements is TRUE?
A. Depreciation is not included in current GDP.
B. GNP is calculated by subtracting from GDP the balance of trade (i.e. the difference between imports and exports).
C. Since personal taxes are not included in GDP when calculating GNP they must be added back.
D. GNP is, by definition, a larger dollar value than GDP.
E. Current GDP does not include the market value of final goods and services produced domestically in a different time period.
In: Economics
In: Economics
Disintermediation refers to: a. Financial institutions preferring to move away from individual accounts to corporate accounts. b. Government providing alternatives to normal deposit accounts so as to reduce the dependence of the economy on depository institutions. c. The FED reducing its performance and involvement in the open market economy. d. The movement of funds more directly than indirectly through financial institutions.
Which agency is a major regulator of Banks?
In: Finance
n addition to supply and demand, price theories arise from examining the profit desires of individual firms. Consider a firm with some market power that is not earning an economic profit, nor earning an economic loss. Suppose this firm is able to decrease its costs. Show how the firm would best respond to this decrease in costs, and explain why the firm will tend to benefit in the short run. Then, assume other firms enter this market with very close substitute products, and present a new diagram that you can use to explain why consumers will tend to benefit from firm reductions in costs in the long run.
In: Economics
In: Economics
In: Accounting
Suppose a random individual is obtained from a population with μ=64 and σ=15. Find the probability of
A. P(x>65.5)=?
B. P(x<67.7)=?
C. P(64.3<x<65.65)=?
In: Statistics and Probability
Plagirism is prohibited please dont copy from internet.
Write individual report on the challenges and opportunities of doing business in different countries and relate culture to the management of an organization.
In: Finance
Suppose an individual experiences utility from consumption C and hours of leisure λ. Consider a period of one week, that is, a period of length T = 168 hours. Suppose the price P of a unit of output is $10. Suppose a person’s particular tastes and preferences can be represented by the utility function U(C, λ) = (C - 100) x (λ - 50). Suppose the individual can command a net wage of $40 per hour. During the period suppose the individual receives non-labor income of $300.
A. Graph the individual’s budget set.
B. Suppose λ = 123 and the individual is on the budget line. How much is this person working per week? What “price” is this person willing to pay for an additional hour of leisure? Demonstrate and explain.
C. Does this person work “too much” or “not enough”? Or does this person work the “optimal” number of hours? Demonstrate and explain.
In: Economics