Questions
EJH Cinemas, a movie theater next to your university, attracts two types of customers: those who...

EJH Cinemas, a movie theater next to your university, attracts two types of customers: those who are associated with the university (students, faculty, and staff) and locals who live in the surrounding area. There are 10,000 university customers interested in purchasing movie tickets from EJH Cinemas, with a maximum willingness to pay of $7 per ticket. There are 20,000 local customers interested in purchasing tickets, with a maximum willingness to pay of $9 per ticket. The movie theater incurs a constant marginal cost of $4 per ticket. For simplicity, assume each customer purchases, at most, one ticket.

a. What will be the amount of EJH Cinemas’ total revenue if the price is $7 per ticket?

b. What is the amount of consumer surplus if the price is $7 per ticket?

c. What will be the amount of EJH Cinemas’ total revenue if the price is $9 per ticket?

d. What is the amount of consumer surplus if the price is $9 per ticket?

e. If EJH Cinemas decides to practice price discrimination, charging $9 for a standard ticket available to everyone but only $7 for a ticket if you show your university identification (students, faculty, and staff), what will be the movie theater’s total revenue?

f. If EJH Cinemas decides to practice price discrimination, charging $9 for a standard ticket available to everyone but only $7 for a ticket if you show your university identification (students, faculty, and staff), what will be the amount of consumer surplus?

g. If you were in charge of EJH Cinemas, what pricing scheme should you use?

please show the solution.

In: Economics

Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 16,500...

Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 16,500 students are enrolled on campus; however, the admissions office is forecasting a 8 percent growth in the student body despite a tuition hike to $85 per credit hour. The following additional information has been gathered from an examination of university records and conversations with university officials:

WSU is planning to award 200 tuition-free scholarships.

The average class has 20 students, and the typical student takes 15 credit hours each semester. Each class is three credit hours.

WSU’s faculty members are evaluated on the basis of teaching, research, and university and community service. Each faculty member teaches five classes during the academic year.

Required:

Prepare a tuition revenue budget for the upcoming academic year.

Determine the number of faculty members needed to cover classes.

Assume there is a shortage of full-time faculty members. Select at least five actions that WSU might take to accommodate the growing student body by selecting an "X" next to the action.

You have been requested by the university’s administrative vice president (AVP) to construct budgets for other areas of operation (e.g., the library, grounds, dormitories, and maintenance). The AVP noted: “The most important resource of the university is its faculty. Now that you know the number of faculty needed, you can prepare the other budgets. Faculty members are indeed the key driver—without them we don’t operate.” Are faculty members a key driver in preparing budgets?

In: Accounting

A university has implemented a new enrollment system. The scenario below outlines the steps to enroll...

A university has implemented a new enrollment system. The scenario below outlines the steps to enroll a new student in the university. Perform a system analysis based on the scenario and respond to the questions below. Note-some requirements might not be explicitly stated in the scenario. List all assumptions used for this analysis.

Scenario: Enroll new student in the University

  1. An applicant wants to enroll in the university.
  2. The applicant hands a filled-out copy of University Application Form to the registrar.
  3. The registrar inspects the forms.
  4. The registrar determines that the forms have been filled out properly.
  5. The registrar clicks on the Create Student icon.
  6. The system displays Create Student Screen.
  7. The registrar inputs the name, address, and phone number of the applicant.
  8. The system checks whether the applicant is on the applicants list and whether they already exist within the system.
  9. If the student is on the applicants list but not already on the system, then a record is created.
  10. The student enrolls in courses.
  11. The system calculates the required initial payment.
  12. The system displays Fee Summary Screen.
  13. The student pays the initial fee.
  14. The system prints a receipt.
  15. The registrar validates and gives the student the receipt.
  16. The process ends.
  1. Discuss the stakeholders and users of the system and indicate how you would collect requirements from them
  2. Identify the business, stakeholder, and solution requirements for the system.
  3. Create a use case diagram to verify the functional requirements of this system.
  4. Diagram the business workflow (process) for the system.
  5. Using any analysis class technique(s), develop a high-level class diagram to validate the requirements and components of the problem domain.

In: Operations Management

Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 12,000...

Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 12,000 students are enrolled on campus; however, the admissions office is forecasting a 7 percent growth in the student body despite a tuition hike to $80 per credit hour. The following additional information has been gathered from an examination of university records and conversations with university officials:

  • WSU is planning to award 160 tuition-free scholarships.
  • The average class has 20 students, and the typical student takes 20 credit hours each semester. Each class is four credit hours.
  • WSU’s faculty members are evaluated on the basis of teaching, research, and university and community service. Each faculty member teaches five classes during the academic year.


Required:
1. Prepare a tuition revenue budget for the upcoming academic year.
2. Determine the number of faculty members needed to cover classes.
3. Assume there is a shortage of full-time faculty members. Select at least five actions that WSU might take to accommodate the growing student body by selecting an "X" next to the action.
4. You have been requested by the university’s administrative vice president (AVP) to construct budgets for other areas of operation (e.g., the library, grounds, dormitories, and maintenance). The AVP noted: “The most important resource of the university is its faculty. Now that you know the number of faculty needed, you can prepare the other budgets. Faculty members are indeed the key driver—without them we don’t operate.” Are faculty members a key driver in preparing budgets?

In: Accounting

Signature/Benchmark Assignments are designed to align with specific program student learning outcome(s) in your program. Program...

Signature/Benchmark Assignments are designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. Signature/Benchmark Assignments are graded with a grading guide or an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for course/program improvements.

Format your assignment to APA standards.

Submit your assignment to the Assignment Files tab as a Microsoft® Word document.

Identify a specific job within a specific company that you might be interested in applying for after you graduate from the University of Phoenix.

Research the job and the field in general, as well as ethical issues managerial accountants have faced that would pertain to that field. Also, educate yourself on the basics of operations within the job and company you have selected.

Write a 700- to 1,050-word paper to include the following:

  • Summarize the main duties of the job.
  • Describe a specific ethical issue you might face in that position using 2 credible sources to support your description.
  • Summarize the IMA's standards of ethical practice and conflict resolution guide.
  • Analyze how the IMA's standards of ethical practice and conflict resolution guide applies to the ethical issue.
  • Predict how you would handle the ethical issue.
  • Hypothesize what would happen if no one in the company followed the IMA's standards of ethical practice.
  • Assess why it is important to follow the IMA's standards of ethical practice.
  • Design or name any methods of internal controls you think could prevent or detect the unethical behavior in the future.

In: Accounting

signature/Benchmark Assignments are designed to align with specific program student learning outcome(s) in your program. Program...

signature/Benchmark Assignments are designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. Signature/Benchmark Assignments are graded with a grading guide or an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for course/program improvements.

Format your assignment to APA standards.

Submit your assignment to the Assignment Files tab as a Microsoft® Word document.

Identify a specific job within a specific company that you might be interested in applying for after you graduate from the University of Phoenix.

Research the job and the field in general, as well as ethical issues managerial accountants have faced that would pertain to that field. Also, educate yourself on the basics of operations within the job and company you have selected.

Write a 700- to 1,050-word paper to include the following:

  • Summarize the main duties of the job.
  • Describe a specific ethical issue you might face in that position using 2 credible sources to support your description.
  • Summarize the IMA's standards of ethical practice and conflict resolution guide.
  • Analyze how the IMA's standards of ethical practice and conflict resolution guide applies to the ethical issue.
  • Predict how you would handle the ethical issue.
  • Hypothesize what would happen if no one in the company followed the IMA's standards of ethical practice.
  • Assess why it is important to follow the IMA's standards of ethical practice.
  • Design or name any methods of internal controls you think could prevent or detect the unethical behavior in the future.

In: Accounting

One source of growth is external growth from a merger or acquisition. Often mergers or acquisitions...

One source of growth is external growth from a merger or acquisition. Often mergers or acquisitions are justified on the basis of the expected benefits from "synergies" created by the merger or acquisition. Economists know these as economies of scale and economies of scope.

The focus of this discussion will be on defining economies of scale and economies of scope, as well as the key differences between the two within the context of a hypothetical scenario of your choice.

Instructions

Select one of the mergers and acquisitions below:

  • Sirius XM acquires Pandora.
  • The yet to be concluded merger of Sprint, T-Mobile, and Metro PCS.
  • The merger of Strayer University and Capella University.
  • The Renault–Nissan–Mitsubishi Alliance.

For your chosen scenario, address the following in your discussion post:

  • How are the concepts of economies of scope and economies of scale different? How do they differ within the context of your chosen scenario? What are the synergies that come from the economies of scope? What are the synergies that come from the economies of scale?

In: Economics

Context One source of growth is external growth from a merger or acquisition. Often mergers or...

Context

One source of growth is external growth from a merger or acquisition. Often mergers or acquisitions are justified on the basis of the expected benefits from "synergies" created by the merger or acquisition. Economists know these as economies of scale and economies of scope.

The focus of this discussion will be on defining economies of scale and economies of scope, as well as the key differences between the two within the context of a hypothetical scenario of your choice.

Instructions

Select one of the mergers and acquisitions below:

  • Sirius XM acquires Pandora.
  • The yet to be concluded merger of Sprint, T-Mobile, and Metro PCS.
  • The merger of Strayer University and Capella University.
  • The Renault–Nissan–Mitsubishi Alliance.

For your chosen scenario, address the following in your discussion post:

  • How are the concepts of economies of scope and economies of scale different? How do they differ within the context of your chosen scenario? What are the synergies that come from the economies of scope? What are the synergies that come from the economies of scale?

In: Economics

One source of growth is external growth from a merger or acquisition. Often mergers or acquisitions...

One source of growth is external growth from a merger or acquisition. Often mergers or acquisitions are justified on the basis of the expected benefits from "synergies" created by the merger or acquisition. Economists know these as economies of scale and economies of scope.

The focus of this discussion will be on defining economies of scale and economies of scope, as well as the key differences between the two within the context of a hypothetical scenario of your choice.

Instructions

Select one of the mergers and acquisitions below:

  • Sirius XM acquires Pandora.
  • The merger of Sprint, T-Mobile and Metro PCS.
  • The merger of Strayer University and Capella University.
  • The Renault–Nissan–Mitsubishi Alliance.

For your chosen scenario, address the following in your discussion post:

  • What are the synergies that come from the economies of scope?
  • What are the synergies that come from the economies of scale?
  • How do economies of scope and economies of scale differ within the context of your chosen scenario?
    • How are these two concepts different in general?

In: Economics

With globalization, many business organizations have come to terms that increasingly their employees come from a range of different religious, racial, national, and cultural backgrounds.

 
With globalization, many business organizations have come to terms that increasingly their employees come from a range of different religious, racial, national, and cultural backgrounds. As the CEO of a multinational firm operating in Ghana with knowledge in the concepts and principles of Business Ethics, offer an example and explain how you would manage your employees.

In: Operations Management