Imagine that you are a system analyst of a software development company and you have been assigned to a team that will be developing the information systems for the clients. For now as a team leader for the data design team, you have been asked to the read and understand the following case studies and prepare the data design as specified.

Creating an Entity Relationship Diagram, Creating a Context Level Data Flow Diagram.

Create the ER diagram for library management on a University Library

Suppose I need to model a bank which provides loans to different companies. Further suppose that the only companies in my data model are those to whom I am providing loans or have provided loans in the past.

What is the appropriate minimum cardinality for the relationship between LOAN and COMPANY?

Suppose I need to model a credit card company where each customer can receive up to one credit card and each card can be sent to only one address.

What is the appropriate maximum cardinality for the relationship between CUSTOMER and CARD?

Suppose I need to model a university where students can, but do not have to, participate in extra-curricular activities. Each such activity can have zero or more participants.

What is the appropriate minimum cardinality for the relationship between STUDENT and ACTIVITY?

Suppose I need to model a university where students can have up to three majors (i.e., can be part of three departments).

What is the appropriate maximum cardinality for the relationship between STUDENT and DEPARTMENT?

Suppose I need to model a hardware store with varying inventory. That is, not all products will be sold at any given time.

What is the appropriate minimum cardinality for the relationship between STORE and PRODUCT?

short answer:

Why would agrarian societies have social stratification that emphasizes caste? Why would industrial societies have social stratification that mixes caste with meritocracy?

State one way in which caste and class systems differ.

What is meritocracy? What part does it play in class systems?

What is status consistency? Provide a description of a person with high status consistency and an example of someone with low status consistency.

Define structural social mobility. How does it differ from individual social mobility?

State the Davis-Moore thesis. According to this theory, why is social inequality useful for society?

According to Karl Marx, what are the two major classes in industrial-capitalist societies? How did Marx describe the relationship between the two classes?

What did Max Weber mean by describing inequality in terms of a socioeconomic status ranking?

Explain how social stratification shapes patterns of social interaction.

What is the Kuznets curve? What does it tell us about how social stratification has varied over the course of human history as well as in the world today?

Do theoretical cost functions have relevance in business decision making?

Context

Although not a universal statement, undergraduate studies tend to focus on the theory while graduate work moves from the theory to critique and dissection of the theory in real world application. As business decision makers, we need to discern which theory to apply, critique individual situations and determine proper courses of action. This assignment moves us to that graduate perspective.

Assignment Background

Cost theory; fixed, variable and marginal costs in the short and long run have been taught in UG economics for years. However, empirical evidence seems to refute the use of cost theory in real world decision making and misunderstanding of marginal cost and production concepts.

Consider the research question in the title, “Do theoretical cost functions have relevance in business decision making?’

Write a 2-3 page opinion piece that includes a synopsis of a research paper. Do you think there is enough information to support the notion that business decision makers do not use cost theory in making decisions related to production, factors of production and cost.  

McDowell’s Company received their monthly bank statement for May 2016. An analysis of the bank statement and their cash account revealed the following facts. Prepare the bank reconciliation for McDowell’s Company for May:

1.         The bank statement has a balance of $6,925.

            2.         The cash account has a balance of $4,622.

            3.         A deposit in transit made on April 30^th was $4,200.

            4.         Outstanding checks totaled $5,800.

            5.         The bank collected a note of $1,200, plus interest of $70 less a service charge of $10.

            6.         The bank statement showed a monthly bank service charge of $40.

            7.         The bank statement included a check for $550 written to Delta from a customer that was returned for insufficient funds.

            8.         Check No. 730 was written and cleared the bank for $429. McDowell’s recorded the check in their records for $492.

            9.         The bank statement showed that $45 was added to the checking account on during May for interest earned by the company.

            10.       Check printing fee of $75 was incorrectly charge to McDowell’s by the bank.

Answer__________________

1. What is the amount of stockholder’s equity at the beginning of the year?

__________________

2. What was the amount of change in stockholders’ equity during the year?

_______________

4 The ending retained earnings balance of Max's Italian Restaurant chain increased by $9.5 million from the beginning of the year. The company had declared a dividend of $2.5 million during the year. What was the net income earned during the year?

Net income________________

During 2017, Fresh Express Company sold 2,540 units of its product on September 20 and 3,200 units on December 22, all at a price of $94 per unit. Incurring operating expenses of $18 per unit sold, it began the year with and made successive purchases of the product as follows:

Required:
Prepare a comparative income statement for the company, showing in adjacent columns the profits earned from the sale of the product, assuming the company uses a perpetual inventory system and prices its ending inventory on the basis of (a) FIFO and (b) Moving weighted average: (Round "Cost per unit" to 2 decimal places. Round your intermediate calculations and final answers to 2 decimal places.)

2. Briefly discuss how important us strong vs weak tie social capital to the following two start up company: a new restaurant and e commerce platform.
3. what is the benefit of forming entrepreneurial team when starting a company? is a more diverse team better than a team with similar members for a business venture?

What is red tide? Walsh and Carder of University of South Florida attribute red tide to dust from Saharan desert storms. They observe that during red tide, a bacterium called Trichodesmium converts nitrogen in the water to a form that algae can use. Link these observations with what you have learned in class.

1)What is Balance scorecard (BSC)?

2)Any differences of BSC from one university to another? Discuss why or why not.

3)If our vice-chancellor wants to improve the university’s goal and performance, what are the characteristics that he has to take to achieve the goals (base on BSC). Give specific examples.