High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant’s operation:

Management is anxious to assess the profitability of the new camp cot during the month of May.

Required:

a. Prepare an income statement for May.

b. Prepare a contribution format income statement for May.

In order to estimate the difference between the MEAN yearly incomes of marketing managers in the East and West of the United States, the following information was gathered.

1. Develop an interval estimate for the difference between the MEAN yearly incomes of the marketing managers in the East and West. Use α = 0.05. Note that the population standard deviation is unknown, but the sample standard deviation is known. You will also need to calculate the degrees of freedom as shown on page 434 so that you can calculate t...
2. You will reuse a lot of what you did in the problem above. Use the p-value approach to conduct a full hypothesis test to determine if the MEAN yearly income of marketing managers in the East is significantly different from the West. p. 435 can help. Your difference in your formula is 0.

Citrus Girl Company (CGC) purchases quality citrus produce from local growers and sells the produce via the Internet across the United States. To keep costs down, CGC maintains a warehouse, but no showroom or retail sales outlets. CGC has the following information for the second quarter of the year:

Expected monthly sales for April, May, June, and July are $210,000, $180,000, $300,000, and $80,000, respectively.

Cost of goods sold is 40 percent of expected sales.

CGC’s desired ending inventory is 50 percent of the following month’s cost of goods sold.

Monthly operating expenses are estimated to be:

Salaries: $30,000

Delivery expense: 5 percent of monthly sales

Rent expense on the warehouse: $4,000

Utilities: $800

Insurance: $300

Other expenses: $400

Required:
1. Compute the budgeted cost of purchases for each month in the second quarter.

2. Complete the budgeted income statement for each month in the second quarter.

Provide a microeconomic analysis of suppliers with explanation and analysis of forecasts  of labor, capital stock, and intermediate inputs as it relates to the agrochemical industry in the United States and Syngenta specifically.

You’ll need to identify the suppliers of intermediate goods, labor, and discuss the physical capital stock. Here you’ll want to discuss the outlook for oil prices, which influence the macroeconomic outlook, and are an important intermediate input into any good that is transported (as well as anything plastic). You will also want to discuss labor supply. Who are the firm’s employees? Are they highly educated? Does your firm hire locally or nationally? You will use data on the unemployment rate here. Here is where you can discuss the physical capital stock (machinery, buildings). This is natural place to discuss the connection between monetary policy (interest rates) and investment spending. For instance, is the expected interest rate environment conducive to additional investment in the capital stock.

Does anyone know how to do it on EXCEL?

Does anyone know how to do it on EXCEL?

Does anyone know how to do it on EXCEL?

Does anyone know how to do it on EXCEL? Anyone know how to do it on EXCEL?

The Statistical Abstract of the United States published by the U.S. Census Bureau reports that the average annual consumption of fresh fruit per person is 99.9 pounds. The standard deviation of fresh fruit consumption is about 30 pounds. Suppose a researcher took a random sample of 38 people and had them keep a record of the fresh fruit they ate for one year.

a) What is the probability that the sample average would be less than 90 pounds?

b) What is the probability that the sample average would be between 98 and 105 pounds?

c) What is the probability that the sample average would be less than 112 pounds?

d) What is the probability that the sample average would be more than 93 pounds?

QUESTION 1

1. The first commercial bank in America was the Bank of North America, chartered by the American Continental Congress.

True

False

1 points   

QUESTION 2

1. Not only did the federal government keep its funds in the First BUS but it also had a 50% ownership stake in the bank.

True

False

1 points   

QUESTION 3

1. The First Bank of the United States lost the vote in Congress to get another charter by one vote in both the House of Representative and the Senate.

True

False

1 points   

QUESTION 4

1. Fearing that it was overextended, the Second BUS redeemed its holdings of state bank notes and the money supply contracted by nearly 50% in one year, leading to America’s first depression.

True

False

1 points   

QUESTION 5

1. While the Second BUS was able to get the Congress to approve an extension of its charter, President Jackson vetoed the legislation.

True

False

1 points   

David Ricardo was the first economist to elaborate the theory of comparative advantage in his book On the Principles of Political Economy and Taxation. Ricardo wrote:

Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each. This pursuit of individual advantage is admirably connected with the universal good of the whole . . . It is this principle, which determines that wine shall be made in France and Portugal, that corn shall be grown in America and Poland, and that hardware and other goods shall be manufactured in England. (1817, p. 188)

Read more at On the Principles of Political Economy and Taxation

Think about the 10-year historical period of 2000-2010. Identify trade policies of the time and discuss the following points:

• What are the main goods and services the United States traded internationally?
• What trade barriers were in place during that decade?
• What are two pros and two cons of the trade barriers used?

Genetically modified organisms are not new. According to the USDA, in 2009, 93 percent of soy, 93 percent of cotton and 86 perfect of corn grown in the United States was GMO. However, in 2010, life on earth as we currently understand it, changed. By inserting computer-designed genetic material into a bacterial cell, scientist created an entirely new strain of bacteria, a new life form, the world's first synthetic cell. In annoucing his creation, scientist Craig Venter called if the first life on earth "whose parent was a computer."

1. Do you favor the creation of GMO crops? Defend your answer.

2. Do all GMO products need to be labeled as such?

3. Are we really ready for a life form whose parent is a computer?

4. What precautions would you like to see put in place-perhaps a suicide gene implanted in these new life forms to assure us that they cannot survive outside the lab?

You are the international manager for an American MNC that specializes in high-end winter sports gear. You have been asked to profile a country in the European Union and make a recommendation for entry. Using the readings, Lecture, and your own research, complete a report, as an international manager, to submit to your CEO. This writing assignment should be completed in the standard APA format. Upload the assignment to the proper assignment folder. You need to include the following elements for your chosen EU country:

• The economic, political, legal, and technological environment (as it relates to your company and industry)
• A plan for social responsibility and sustainability
• A country profile (using either Hofstede of Trompenaars) and its similarities and differences to the United States
• Recommendations for cross-cultural communication and negotiations
• An entry strategy
• Political risk and government relations
• A plan for motivating and leading workers in the EU country (incorporate motivational theory)
• A plan for selecting an expatriate in the position of VP, Operations.