BACKGROUND INFORMATION:

Vinnie is a professional road cyclist participating in the 2020 Giro d’Italia, a three-week race nearly 3,600 km in distance with some stages exceeding altitudes of 2,700 m above sea level (i.e., Stelvio Pass, Italy). As the newly hired head of the high-performance team, it is your responsibility to manage his preparation for the event. You must demonstrate to your team a fundamental understanding of physiology, the chronic adaptations expected from his training, and methods that could be implemented to improve the likelihood of success.

QUESTION:

As the event is soon approaching, parts of Hungary are experiencing a heatwave. Indeed, temperatures may exceed 32° Celsius during the first leg of the race leaving Budapest.

A. Will the ambient temperature have any impact on Vinnie’s performance?

B. In terms of thermoregulation, what physiological changes are likely to occur during this leg of the race? Explain how these changes may influence performance.

1. What assumption is made when considering the theory of consumer behavior?

A. People do not have preferences.
B. Consumers always buy the lowest price item.

C. There are no budget limits.

D. People engage in rational behavior.

2. In a representative democracy, voters are _______ and politicians are _______.

A. principals; agents
B. employees; agents
C. logrollers; principals

D. agents; employees

3. On what assumption do neoclassical and behavioral economics disagree?

A. People have motivations.
B. People are almost entirely self-interested.
C. People are free to make decisions.

D. People have preferences.

4. The price elasticity of supply measures how
A. responsive the quantity supplied of Y is to changes in the price of X.
B. responsive the quantity supplied of X is to changes in the price of X.
C. responsive quantity supplied is to a change in incomes.
D. easily labor and capital can be substituted for one another in the production process.

Minta Corporation is a leading manufacturer of sports apparel, shoes, and equipment. The company’s 2017 financial statements contain the following information ($ in millions):

A note disclosed that the allowance for uncollectible accounts had a balance of $30 million and $54 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $51 million. Assume that all sales are made on a credit basis.

Required:
1. What is the amount of gross (total) accounts receivable due from customers at the end of 2017 and 2016?
2. What is the amount of bad debt write-offs during 2017?
3. Analyze changes in the gross accounts receivable account to calculate the amount of cash received from customers during 2017.
4. Analyze changes in net accounts receivable to calculate the amount of cash received from customers during 2017.
  

Software Evolution:

1. Mention one reason why software change is unavoidable.

2. Suppose two system maintenance requests have emerged for the in-store automated

supermarket system in the following situations:

Situation 1: A new payment method (e.g., Bitcoins) is

needed to be added to the system.

Situation 2: This situation is based on the mix payment method where a customer can use

multiple methods of payments, such as cash and card, in a single transaction. Suppose a customer

decides to pay using cash and card. The customer first pays a portion of the full amount through

cash and then the balance using the card. In this case, it has been identified that the system

incorrectly charges the amount paid in cash from the card instead of the balance and completes

the transaction.

a. Specify what categories of system maintenance are described above.

b. Assume that you are performing an impact analysis of the changes. Identify a

consequence that could occur due to each of changes requested above.

We are evaluating a project that costs $880,000, has a life of 14 years, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 146,000 units per year. Price per unit is $38, variable cost per unit is $23, and fixed costs are $894,080 per year. The tax rate is 22 percent, and we require a return of 11 percent on this project.

1a. Calculate the accounting break-even point.

1b. What is the degree of operating leverage at the accounting break-even point?

2a. Calculate the base-case cash flow.

2b. Calculate the NPV.

2c. What is the sensitivity of NPV to changes in the quantity sold?

2d. What your answer tells you about a 500-unit decrease in the quantity sold?

3a. What is the sensitivity of OCF to changes in the variable cost figure?

3b. How much will OCF change if variable costs decrease by $1?

Cows are munching down zucchini, yellow squash and cabbage that Southern Valley Fruit and Vegetable farms grew and picked for restaurants and other institutions.

It’s one way the company is trying to make use of the glut of south Georgia vegetables caused by the closure of dining spots, schools and other big buyers. South Georgia farmers ship food from Florida to Canada, but the closures cost them 40- to 50% of their market. Growers are caught between being unable to sell all their crop and selling what they can in a flooded market with dropping prices. [Atlanta Journal and Constitution, May 3, 2020]

1. Draw a demand and supply diagram that illustrates the changes taking place in the vegetable market. Explain any changes you draw.
2. Assume vegetable farms operate in a perfectly competitive market. Draw a cost and revenue diagram that shows the effect on farms profits of “dropping prices"

Please don't copy other Chegg answers, thank you!

Towing Company manufactures and sells a single product for $40 per unit.
Variable costs are $30 per unit and fixed costs total $168,000. During
2019, the company sold 26,500 units of this product to customers. In
order to improve profitability, the president of Towing Company believes
the following changes should be made in 2020:

1. decrease the selling price of the product by 10%

2. automate a portion of the production process which will reduce
   variable costs by 5% per unit but will add an additional fixed
   cost of $16,310 per year

3. increase advertising by $49,420

Assume these changes are made. 
A) Calculate the number of units that Towing Company must sell in 2020 in order to earn a net income that is 20% greater than the net income earned in 2019.

B) Calculate the number of units that Towing Company must sell in 2020 in order to earn a target profit equal to 12% of sales.

QUESTION 43

1. When money functions as a means of telling you that your textbook costs $150, then it is performing as a:

   		medium of exchange.
   		unit of account.
   		store of value.
   		standard of investment.

1 points   

QUESTION 44

1. Which of the following is an example of money serving as a store of value?

   		buying a hamburger
   		a $35 price tag
   		a collection of $10 bills hidden in your sock drawer.
   		paying your friend for his car

1 points   

QUESTION 45

1. “Liquidity” refers to:

   		the relative ease with which an asset can be converted to something else without loss of value.
   		the relative ease with which an asset can be transported.
   		how easy it is to increase the supply of an asset, especially that of money.
   		how quickly the value of an asset changes in response to changes in supply and/or demand.

1 points   

QUESTION 46

1. Banks hold reserves in order to:

   		cover their customers' withdrawal needs.
   		cover the banks' investments.
   		offset their liabilities.
   		satisfy stockholders.

1. You are asked to analyze each of the following events using the Solow growth model (the events all happen at time 0): a) The investment rate rises in Tanzania. b) Immigration increases the population of France by 10%. c) An earthquake destroys 10% of the capital stock of Chile. (Hint: does steady state GDP per capita change in Chile?) d) Malaysia realizes a 10% rise in TFP due to technology transfer.

For each of these: Draw a Solow diagram to show what happens when the economy is initially in steady state. Explain how steady-state GDP per capita changes. Use algebra to help in your explanation. Does steady-state capital per capita change? Explain how the growth rate of GDP per capita changes at time 0. Explain how the economy adjusts from the short run to the long run after the change

1. Match with the proper definition

A. CFO

B. Fixed Cost

C. Indirect Cost

D. Management by exception

E. Non - Controllable Cost

F. Opportunity Cost

G. Sunk Cost

H. Supply Chain Management Systems

I. Value Chain

J. Variable Cost

_____The benefits forgone when one alternative is selected over another

_____Organize the activities between a company and its suppliers

_____A cost that does not change, in total, with changes in the level of business activity

_____investigating departures from the plan that are significant

_____ A cost that was incurred in the past

_____A cost that cannot be easily traced to a particular cost object

_____A cost that does not change on per unit basis with changes in the level of business activity

_____The senior executive responsible for accounting and financial operations

_____ A company internal operations and its relationships and interactions with suppliers and customers

_____ A cost that a manager cannot Influence