Explain how the elements of nonappropriability relate to public goods and private goods.

1.) Can you identify at least 6 holiday periods or special events that cause the spikes in the data?

a.) In each case give the week number, date, and what holiday or special event it represents

b.) Which holiday results in the maximum sales for this department and how much are the sales?

2.) Generate three linear models for this data. Each linear model should be generated from a pair of data points.

a.) For each linear model, find the equation of the line. Show your work. Write the equation in slope intercept form.

b.) For each linear model discuss the meaning of the slope and y-intercept. Also provide an analysis as to why you like or dislike that particular model

c.) Discuss the rationale behind the model that you believe best predicts future results.

3.) Predict and analyze sales for the next four weeks

a.) Using your most preferred linear model, predict sales for the next four weeks and show calculations

b.) Based on your preferred linear model, compute the percent rate of increase (y2-y1)/y1 for the next four weeks

4.) If you were a manager of this department store, what recommendation would you make to the person in charge of inventory?

-The demand for low-priced goods is relatively _________, and the demand for high priced goods is relatively __________.

-The more time you have to adjust to a price change, the _________ (more/less) elastic is your response, because time allows consumers to seek out available substitutes.

-For elastic, an increase in price leads to ________ in total revenue, and decrease in price leads to _______ in total revenue.

-For inelastic, increase in price leads to _______ in total revenue, and decrease in price leads to _____ in total revenue.

-For unitary elastic, increase in price leads to _______ in total revenue, and decrease in price leads to _____ in total revenue.

-Consider the market for bicycles. If a dealer cuts price by 20 percent and sells 10 percent more bikes, then demand for bicycles is:

A. Inelastic, and total revenue will increase.

B. Elastic, and total revenue will increase.

C. Inelastic, and total revenue will decrease.

D. Elastic, and total revenue will decrease.

- If popcorn sales declined 20% when the candy price dropped 10%, the cross-price elasticity of demand for popcorn = __________, a relatively elastic response.

If popcorn sales declined 20% when the movie admission price increased 10%, the cross-price elasticity of popcorn is _____, a relatively elastic response.

- When goods are substitutes, cross-price elasticity is _______. When goods are complements, cross-price elasticity is ______.

- Your income rises by 10%. You go to the movies more and buy 20% more popcorn. Income elasticity of demand for popcorn is ______.

-When a good is a normal good, income elasticity is ________. When a good is an inferior good, income elasticity is _______.

-Income elasticity of demand = 3.29 =>popcorn is an (a) ____ good b/c the income elasticity of demand is __________.

3. Read the following quote the rom Bank of Namibia June 2020 Quarterly bulletin and answer the questions that follow: “The demand for shorter-term fixed-rate treasury bonds was strong during the first quarter of 2020 and yields on short to medium bonds declined by more than 50 basis points. “

3.1. Define “bond yield” (2)

3.2. Briefly explain why strong demand for short term bonds lead to a decline in the yield on short term bonds. (2)

4. Explain what is meant by “put-call parity” and write down the equation expressing put-call parity, clearly indicating the meaning of the components of the equation (5)

create T-accounts and balance sheet for the following question (this is one of several transactions)

First quarter of 2017: The firm (1) sells the 200 standard mugs in inventory to a customer who pays cash and picks up the mugs from the firm’s storage area and (2) receives an order for 8000 standard mugs. The supplier agrees to produce the mugs and ship directly to the customer; the firm agrees to pay the shipping cost ($390 for 8,000 mugs) to the supplier. The mugs are delivered; the firm pays the supplier the amount owed in cash and the customer pays the firm in cash.

Supplier charges for mugs:

1-2000 mugs: $2

2000-6000 mugs: $1.50

6000+ mugs: $.95

Solomon Company, which expects to start operations on January 1, 2018, will sell digital cameras in shopping malls. Solomon has budgeted sales as indicated in the following table. The company expects a 10 percent increase in sales per month for February and March. The ratio of cash sales to sales on account will remain stable from January through March.

Required

1. Complete the sales budget by filling in the missing amounts.

1. Determine the amount of sales revenue Solomon will report on its first quarter pro forma income statement.

Sales Revenue: _____

This project challenges you to critically discuss fiscal and monetary policies as well as their combined use in the IS/LM model. To do so, first, carefully study the textbook Focus on "The US recession of 2001," and think through the effectiveness of the policy mix adopted to aid recovery. Second, consider the possibility that the US would slip into a hypothetical recession now: argue on the basis of your understanding of IS/LM and the current US macroeconomic trajectory for a specific fiscal and monetary policy response.

In summary, write

• one (roughly) 100 word paragraph on your assessment of the 2001 recession, and
• one (roughly) 100 word paragraph on your recommended policy response to a hypothetical recession in the next quarter!

Suppose that you wish to borrow $325,000 today to finance the purchase of an asset and that you will repay me with equal quarterly payments over 15 years.

a) If the APR is 4.426%, how much will you pay me each quarter?

b) Amortize the first 2 payments. Make a table, and show the calculation of each cell in the table.

c) Suppose that you plan to pay off the loan immediately after payment 35. What is the remaining principal?

d) Calculate the interest to be paid under both the original scheme and with the early payment described in (c). How much interest would you save by making the early payment?

Do not forget to draw a Timeline

Phoenix Partners provides management consulting services to government and corporate clients. Phoenix has two support departments—administrative services (AS) and information systems (IS)—and two operating departments—government consulting (GOVT) and corporate consulting (CORP). For the first quarter of 2017, Phoenix’s cost records indicate the following:

Allocation of Administrative Services on dollar amount ranking is $150,000

1. 1. Allocate the support divisions’ costs to the operating divisions using the direct method.
   2. Allocate the support divisions’ costs to the operating divisions using the step-down method. Start with the AS Division.
2. 3. Allocate the support divisions’ costs (administrative services and information systems) to the two operating divisions using the reciprocal method.
      

You work for a manufacturing company and have just completed the budget process for the upcoming business year. At the end of the first quarter you take the actuals and compare them to the budget. You notice there are differences which need explanation and create the static and flexible budget variances. You present this to management and they request you to explain the variances in more detail.

You go and create the Flexible Budget Performance Report and present this. You also need to explain the reasons for the variances and who is responsible. Explain the calculations used to create this report.

Explain why the variances using standard costs better reflect the actual variance and how to determine who is responsible for each variance