Sophocles once said that Euripides depicts people as they are rather than as they ought to be. Do you agree? Can this play still speak to us from across the centuries?

What trends can explain the differences in poverty rates from the 2000s to recent years in light of changes in economic conditions in the overall US economy during this period?

Kempton owns a plumbing repair service company that has been in business for thirty years in Shreveport Louisiana (population 198,675). The company employs 50 repairmen and repairwomen that work in two person teams doing plumbing repair jobs. Kempton’s son Myron is going to be taking over the business and has lots of ideas about improving incentives. Equipped with what he has learned in the MBA program at LSU, he has established that (1) customer satisfaction, (2) capacity utilization (the plumbing repair service people need to be working when they are on the clock) and (3) the profit margin of the service (some repairs involve more parts than others and the mark up the customers on the parts is high) are the company’s profit drivers.

Myron has decided to implement a program where the plumber’s bonuses are based on a formula that has 40% weight on customer satisfaction (measured by post-service customer satisfaction surveys), 30% weight on capacity utilization (measured by number of jobs completed) and 30% weight on profit margin (measured by number of high mark-up jobs completed).

Explain to Myron why, while he would like to see improvements in the plumbers’ performance on all three dimensions, he is more likely to see significant improvement on one dimension and little or no improvement on the other two dimensions.

1. Rebates and discounts

On March 1, Martin Company sold and delivered goods to Shannon Inc. for $300,000 on account. Shannon Company has been a customer for more than 10 years and has earned a 3% rebate on the overall purchase. Prepare the journal entry to recognize revenue. The journal entry for the cost of goods sold is not required.

2. Commissions, consignee/agent perspective

Royal vacations, a high-end vacation agent, sells tickets for all-inclusive European vacations to various customers. The company sells a $10,000 package and will receive a commission of 4% of the total price. Royal vacations must also remit the sales price to European Destinations, Company. Prepare the journal entry to record the receipt of cash and remittance and revenue recognized the agent.

Minden Company manufactures a high-quality wooden birdhouse that sells for $25
per unit. Variable costs are $12 per unit, and fixed costs total $210,000. The
company sold 30,000 birdhouses to customers during 2020. The president of
Minden Company believes the following changes should be made in 2021:

1. the selling price of the birdhouse should be reduced by 20%

2. increase advertising by $33,000

Assume these changes are made. Calculate the number of units Minden Company
must sell in 2021 in order to earn a net income that is 40% larger than the
net income earned in 2020.

I'm sorry for posting this, I just wanted to make sure I got the right answer before I posted this homework. Kind of tricked me up a little.

For the operating systems game, let us now assume the intrinsic superiority of Mac is not as great and that network effects are stronger for Windows. These modifications are reflected in different payoffs. Now, the payoff from adopting windows is (50 x W) and from adopting Mac is (15+ 5 x M); n consumers are simultaneously deciding between Windows and Mac.

A. Find all nash equilibria.

B. With these new payoffs, let us now suppose that a third option exists, which is to not buy either operating system; it has a payoff of 1000. Consumers simultaneously decide among windows, mac, and no operating system. Find all nash equilibria.

Quaternary Structure

Quaternary structure represents the three-dimensional (3D) structure of one functional protein.

25. The 3D quaternary structure is facilitated by interactions between which portions of the polypeptide chain? (Select one)

1. Backbone atoms

2. Side chains/R groups

26. List the different types of interactions that can occur at the level of quaternary protein structure.

1. Covalent bonds

2. Interactions between individual amino acid R units that are near to each other in the linear

3. sequence

4. interactions of individual amino acid R groups between different chains

5. Individual amino acid R units that are separated from each other by a large distance along the linear sequence of amino acids.

27. How many polypeptide chains are present in the Quaternary structure of a protein?

28. When proteins have multiple polypeptide chains, what are the individual polypeptide chains called?

29. Find an example of a functional protein that is composed of multiple polypeptide chains (other than the example given in class). Provide the name of the protein below.

30. Draw a representation of the protein named above (in question 29). Be sure to decipher the different subunits.

Sandy is a single and has the following situation for the year: Sandy's income of $80,000; dividend income of $20,000; interest income of $2,000; short-term capital gain of $8,000 and long-term capital gain of 14,000. She also paid $1,000 on interest charges on her credit card. Her other total exemptions and itemized deductions is 22,000; these amounts will be deducted from her gross income to determine her taxable income. If she is files as a single individual, what is Sandy's marginal tax rate? Use the individual tax rate provided below. Individual Tax Rates: Single Individual Taxable Income You Pay This Amount on the Base of the Bracket Plus This Percentage on the Excess over the Base (Marginal Rate) Average Tax Rate at the Top of Bracket Up to $8925 $0 10.0% 10.0% $8925-36350 $892.50 15.0 13.8 $36250-87850 $4991.25 25.0 20.4 $87850-183250 $17891.25 28.0 24.3 183250-398350 $44603.25 33.0 29.0 $398350-400000 $115586.25 35.0 29.0 Over $400000 $116163.75 39.6 39.6 A. 10.0% B. 20.0% C. 25.0% D. 28.0% E. None of the above

Part I

Suppose you value a special watch at $100. You purchase it for $75. On your way home from class one day, you lose the watch. The store is still selling the same watch, but the price has risen to $85. Assume that losing the watch has not altered how you value it.

Should you pay $85 to buy a second watch? Why or why not? Explain.

Part II

You are the manager of a 24-hour copy shop that is closed on Sundays. You lease a building for $2,000 per month and hire three employees who each work eight-hour shifts at a wage of $10.00 per hour. The markets for labor and office space are tight in your area. To acquire the lease and hire workers, you signed contracts requiring you to give 12 months advance notice before abandoning your lease or laying off workers (if you fail to comply, the contracts force you to fully compensate your landlord and workers for the income they otherwise would have earned over the 12-month period). Paper costs you $0.02 per sheet. You currently sell 500,000 color copies per year at a price of $0.10 per copy and 1,000,000 black-and-white copies per year at a price of $0.05 per copy. Because of your high volume, each of your two copiers has a useful life of only one year. You just received a call from an employee who informs you that your color copier just broke down. The good news is that your black-and-white copier is brand-new; the bad news is that a new color copier will cost $30,000.

Q: Should you purchase a new color copier? (Show your calculations and explain why. Assume that customers who want color copies are unwilling to substitute black-and white copies.)