1. Describe each of the above with a Journal entry Include the date

2.Prepare T-accounts for the accounts above and post all transactions for April

3.Create the Trial Balance

4.What is the Net Income for the Month

1) Which one is not true about overall cost leadership?

Select one:

1. Often firms avoid marginal customer accounts.

2. This strategy usually provides substantial entry barriers.

3. Overall cost leadership always implies some limitations on the overall market share
achievable.

4. Firms can achieve overall cost leadership by tight cost and overhead control.

2)A firm successfully implementing a differentiation strategy would expect _______

Select one:

1. to charge premium prices

2. customers to perceive the product as standard

3. customers to be sensitive to price increases

4. to have high levels of power over suppliers

3)Among generic strategies, which generic competitive strategy does this explain?

“To attract price-sensitive customers away from competitors, 7-Eleven stores offer $1 coffee or iced coffee.”

Select one:

1. Blue Ocean

2. Differentiation

3. Overall cost leadership

4. Focus differentiation

4)Which activity is one of the primary activities in the value chain analysis?

Select one:

1. technology development

2. operations

3. firm intrastructure

4. procurement

5. human resource management

5)Among generic strategies, which generic competitive strategy does this explain?

"Lush is unlike any other makeup brand on the marketplace. This cosmetics maker has international reach with a local "warm and fuzzy" approach that isn't afraid to push the boundaries.

So, what makes LUSH so different from the likes of Sephora or even Etsy? Handmade products. Advocates of LUSH are committed to ethical buying, and are obsessed with the purity that comes from a handmade item. The company's biggest success is knowing that its core buyers value social and corporate responsibility over a luxurious and out-of-reach image."

Select one:

1. Internationalization

2. Differentiation

3. Overall cost leadership

4. Vertical integration

In answering the question(s), make sure to write down the following 7 steps.

Step 1: Establish null and alternate hypotheses- State the null and alternative hypothesis (as a sentence and formula).

Step 2: Calculate the degrees of freedom

Step 3: Calculate t _critical using critical t – table

Step 4: Calculate the Sum of Square deviation (SS_D)

Step 5: Calculate t _obtained

Step 6: Specify the critical value and the obtained value on a t-distribution curve

Step 7: Decision and Conclusion- Write a clear and concise conclusion.

1. A Pullman local sports store is interested in consumer purchasing likelihood of WSU gear (1=not at all to 7=very much) before and after a win in football. A researcher picks 10 WSU students as the participants of the study. The data are shown below. Use alpha = .01 to see whether a win in football increases consumers’ likelihood of buying WSU gear.

After: 4 5 5 6 5 7 5 6 3 4

Before: 3 5 4 4 5 6 5 4 3 3

2. A marketing researcher has heard that when kids are anonymous, they'll take more candy. To test this hypothesis, she brings 6 kids into a specially-constructed Halloween Lab with two rooms. Each room is identically decorated and contains a decorated front porch, a front door, and a doorbell. Behind the door is a confederate who will answer the door and offer a bowl of candy. The two rooms differ only in their lighting conditions. One room is light; one room is dark, the latter presumably leading to greater anonymity. She says, ok kids, I want you to go into each room and interact with the person behind the door as you would normally interact during Halloween. Ring the doorbell, say trick or treat, and then take some candy. So, the kids do this and the researcher measures how many pieces of candy they take. The data are shown below. Do kids take more candy under conditions that make them feel anonymous? Use alpha = .10.

Light Room:                              1                2                1                1                2                2

Dark Room:                              2                2                3                4                4                3

Table 2

Suppose that you intend to invest $10,000 in one-year government bonds. You are looking for the highest return on your investment and do not care whether you invest in the United States or Japan, but as U.S. resident, you want your investment return to be in U.S. dollars. The Table lists 4 scenarios, each showing the current interest rate for one-year government bonds in the United States and Japan, the current exchange rate between the dollar and the yen, and the expected exchange rate in one year. Other than the interest rates, you assume the bonds from each country to be identical.

Refer to Table 2. With which scenario will you be worst off by investing in Japanese bonds instead of U.S. bonds?

1. Was there a main effect of facial hair?

2. Was there a main effect of facial expression?

3. Was there a main effect of clothing type?

4. How many interactions can you test? What are they?

TABLE 12-3

The director of cooperative education at a state college wants to examine the effect of cooperative education job experience on marketability in the work place. She takes a random sample of four students. For these four, she finds out how many times each had a cooperative education job and how many job offers they received upon graduation. These data are presented in the table below.

Student Co-op Jobs Job Offer

1 1 4

2 2 6

3 1 3

4 0 1

1) Referring to Table 12-3, the least squares estimate of the slope is ________.

2) Referring to Table 12-3, the total sum of squares (SST) is ________.

This question examines the utility that a consumer derives from consuming various quantities of two different goods. You will identify the consumer’s utility-maximizing bundle and calculate the total utility associated with consuming a particular bundle of the two goods.

Suppose Steven has an allowance of $14 and he consumes only pineapples and pretzels. Below you are provided with the marginal utility that each unit of the two goods offers Steven.

Task 1: Suppose the price of a pineapple is $2 and the price of a pretzel is $6. How many of each will Steven purchase with his $14?

Task 2: Suppose the price of a pineapple is $2 and the price of a pretzel is $6. When Steven purchases his utility-maximizing bundle, how much utility does he receive?

Task 3: Suppose the price of a pineapple is $4 and the price of a pretzel is $2. How many of each will Steven purchase with his $14?

Task 4: What is the maximum amount of utility that Steven can enjoy from purchasing pineapples and pretzels?

A) imagine an economy with a production function of Y=100K^(1/4)L^(3/4) and L=16 whilst K=16. under the assumptions of neoclassical model, compute the equilibrium value of the real rental rate of capital.

B) Which of the following is not the cause of structural unemployment? (minimum wage law, efficiency wages, unemployment insurance, the monopoly power of unions)