Questions
Of the four schools of thought in urban economics (Mainstream, Behavioral, Conservative, and Marxian), what would...

Of the four schools of thought in urban economics (Mainstream, Behavioral, Conservative, and Marxian), what would each school think about increasing a city's property tax in order to provide low-income households with health services. Please explain thoroughly. Thank you.

In: Economics

Identify a few smaller goals. How will you celebrate achieving these goals? Think about your existing...

Identify a few smaller goals. How will you celebrate achieving these goals?

Think about your existing relationships and support system. How can they best support you while you are in school? How/when will you communicate your needs to them?

In: Psychology

whats the extent of search quality, experience quality, and credence quality for each of the following...

whats the extent of search quality, experience quality, and credence quality for each of the following situations:

a. Buying a personal computer

b. Applying to graduate school

c. Setting up a retirement program

d. Dining at a local restaurant e. Visiting a theme park

In: Operations Management

What are some common logical fallacies (section 3.9) that you have witnessed in your life? (at...

What are some common logical fallacies (section 3.9) that you have witnessed in your life? (at work/school, in conversation, TV, Internet, etc.)

They can be related to technology, try not to get overly political in nature. Avoid Ad Hominem arguments in discussion.

In: Computer Science

Write a feasibility report evaluating the feasibility of two alternatives to the following situation. Explain your...

Write a feasibility report evaluating the feasibility of two alternatives to the following situation. Explain your criteria clearly, evaluate each alternative, and recommend the best course of action. Is it feasible for your school to offer free space for student web pages? Will content be monitored

In: Computer Science

THE FOLLOWING DATA APPLY TO THE NEXT THREE PROBLEMS Johnny and Ronny have both been given...

THE FOLLOWING DATA APPLY TO THE NEXT THREE PROBLEMS Johnny and Ronny have both been given $50,000 by their grandparents today on their 21st birthdays. They want to save for their future and have aspirations of one day being millionaires. Both boys plan to make annual contributions on their birthday, beginning next year. Johnny and Ronny have each opened investment accounts at Chase and Wells Fargo, respectively, and they expect to earn nominal returns of 8% and 9% respectively. Johnny has already decided to deposit $8,000 each year into his investment account, while Ronny is unsure of the amount he will deposit annually.

How many years will it take Johnny before he reaches his investment goal of $1 million?

If Ronny decides to make the same annual contributions as Tommy, how much sooner (in years) would he reach the investment goal?

Suppose Ronny was interested in reaching the investment goal at the same time as Johnny. What is the minimum monthly contribution he could make to reach $1 million at the same time as Johnny?

In: Finance

Several companies have done a poor monitoring of the social aspects of the external environment. This...

Several companies have done a poor monitoring of the social aspects of the external environment. This meant that their strategies did not fit the needs of the market, and hence they failed. This is most noticeable among firms who market to Generation Y. This target group consists of customers who range in age from 5 to 20. Dubbed Gen Y" this cohort presented a big challenge to marketers such as Levi Strauss, Nike and Pepsi because of their unique tastes and perceptions of product quality and advertising themes.

Companies that succeeded in reaching Generation Y customers accurately sensed the unique needs of this market. For example, Lee Apparel (a competitor of Levi Strauss) introduced a special line of oversized, multipocketed pants aimed at 10-14 year old boys. This unique product was marketed on the internet, outdoor posters, and skateboard magazines. By carefully customizing their marketing, successful companies (such as Coca-Cola, Tommy Hilfiger, and Motorola) penetrated a market which was seen as impregnable by others.

While it is difficult to accurately forecast social changes, how can firms best factor these changes into their strategies in order to be successful?

In: Operations Management

Contraction Contract Revenue

 

DHA Developer owned 100 hectares of land with a fair value of RM20 million and decides to convert the land to develop a new town in Nilai that comprise a phase residential houses. The company incurred a cost to convert the land into residential land amounted RM5 million. The land is designated for the following purposes:

  • Project 1 - 40 hectares to build 200 link houses – selling price RM500,000 per unit
  • Project 2 -  50 hectares to build 100 luxury homes – selling price RM1 million per unit
  • Common costs - 10 hectares for infrastructure and other common amenities

 

In year x1, the company launched its link house project and sold 120 houses at a selling price of RM500,000 per house. The infrastructure cost is estimated at RM8 million and RM5.6 million was incurred in year x1. At the end of year x1, property development costs incurred was RM9.6 million. Estimated development costs to complete were determined to be RM14.4 million.

 

It is a policy of the company to account for the construction revenue and cost using percentage-of-completion method based on cost-to-cost basis.

 

Required:

 

  1. Based on MFRS 15 Revenue from Contracts with Customers, give justification for DHA Developer to use percentage of completion method.
  2. Determine the profits to be recognised in the financial year ends 31 December x1. Show your workings.
  3. Discuss how should property developers recognise revenue when a contract does not specify the entity’s right to payment over the performance completed to date?

 

In: Accounting

As a manager and an entrepreneur, you will face a new challenge – business venture structured on the theory of the firm.

Key objective: discovering zero economic profit in a small-business operating in the perfect competition of market structure.

Setting: As a manager and an entrepreneur, you will face a new challenge – business venture structured on the theory of the firm. You are opening a restaurant in your selected town in the State of NY (please name it up front in your assignment). As to simplify the scope of your consideration, we narrow down the problem with several assumptions. You will be serving just a meal in the evening. You also consider a stable level of sales at the full capacity reached; just ignore the slow period of market entry. Make your assessment only per one-month period. Make sure that the targeted level of operations is feasible.

Instruction: You need to apply and discuss relevant economic concepts and tools with supporting data to solve this real-life imitating simulation. Please include also a one-page executive summary for the business plan with assumptions and the goal set, based on the market conditions examined by you. Please make sure that all parts fit in well and make a comprehensive picture with the compromise on the final concept of the business model adopted.

Outline: Please analyze, based on the demand and supply model, the following issues:

•      number of meals sold and prices charged,

•      price elasticity of demand and how to address it in your business

•      total revenue

•      possible challenges

•      fixed costs and variable costs and marginal cost

•      cost of inputs

•      total cost and unit cost (average total cost)

•      diminishing marginal product

•      economies and diseconomies of scale

•      total profit and profit per unit.


In: Economics

The president feels very strongly that Mountain Sports should expand operations to a second location. She...

 

The president feels very strongly that Mountain Sports should expand operations to a second location. She has even found a prime location in Canmore, Alberta, One of the great things about Canmore is its proximity to the mountains, and its only about 10 minutes away from this beautiful, vibrant and internationally known Banff tourist town. Research indicates that the Canmore market is well suited to both cross-country skis and bikes and that competition is fairly limited.

 
The investment in assets (cash, inventory, equipment) required for the new location is $ 203 000
Minimum required return on investments 13%
Actual 2019 return on investment of the original location 21%
Management has provided the following income statement to the bank manager the expected net income in the next year.
Static Budget Amount %
Sales in Units 4 040
Sales 505 000 100%
Less: Variable Costs:
Cost of Goods Sold 221 000 44%
Sales Commissions 50 500 10%
Total Variable Costs 271 500 54%
Contribution Margin 233 500 46%
Less: Fixed Costs:
Advertising 22 000
Property Taxes 10 000
Rent 43 000
Salaries & Wages 111 000
Total Fixed Costs 186 000
Net Operating Income 47 500
Part A (Chapter 11): Calculate the following performance measurements for the proposed Canmore expansion :
Margin 56%
Turnover
Return on Investment
Residual Income

In: Accounting