You manage a donut shop that sells two goods – donuts and coffee. You also face two types of customers – customer type A and customer type B, and you see 100 customers of each type. Their respective values for the 2 goods you sell are:

If you sell donuts and coffee separately, what prices should you charge for each?

Donuts: $______________

Coffee: $______________

If you sell the 2 goods together as a bundle, what price should you charge for the bundle?

Bundle: $_______________


ANSWERS IN BOLD ONLY TO RECEIVE RATING. THANKS!

1. 1. A supermarket chain wanted to obtain information on the length of time (in minutes) required to service customers. They need to decide on the number of service counters needed for stores to be built in the future. To find the distribution of customer service times, a sample of 60 customers’ service times were recorded and are shown here:      

3.6        1.9        2.1        .3          .8         .2         1.0        1.4        1.8        1.6

1.4        .2         1.3        3.1        .4         2.3        1.8        4.5        .9         .7

1.6        1.9        5.2        .5          1.8        .3          1.1         .6         .7          .6

Find the mode and the 20^th percentile of the above data set.    

2. Dee Pressants owns Dee’s Pharmacy located in a small medical office building. Dee estimates that 20% of her prescription business comes from referrals from Dr. Mel Practice. For the next 25 prescription customers, what is the probability that a. 6 or less were referred by Mel? b. Between 3 and 6 were referred by Mel? c. At least 4 were referred by Mel? d. Exactly 5 were referred by Mel? e. Dee makes $10 profit per prescription but has to pay Mel a $3 kickback on any referrals. What is the expected profit from the 25 customers?

Knowledge, skill, experience

Instructions: answer the questions below based on your experience in one of the following situations: (1)

a team lead, (2) a manager or supervisor, or (3) a member of a team.

1.     What knowledge, skills, and experience can I acquire that benefit my project team and customers

(internal or external customers)?

2.     What knowledge, skills, or experiences would make my job more rewarding in terms of job

satisfaction or job promotion?

3.     What steps can I take to acquire the needed knowledge, skills, or experience?

Immediately (30 days)                                              Longer-range ( 6 months to 1 year)

1.

2.

3.

4.

At a student café, there are equal numbers of two types of customers with the following values. The café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (i.e., she cannot price-discriminate).

The marginal cost of coffee is 5 and the marginal cost of a banana is 20.

The café owner is considering three pricing strategies:

Assume that if the price of an item or bundle is no more than exactly equal to a student's willingness to pay, then the student will purchase the item or bundle.

For simplicity, assume there is just one student with an early class, and one student without an early class.

Pricing strategy   yields the highest profit for the café owner

At a student café, there are equal numbers of two types of customers with the following values. The café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (i.e., she cannot price-discriminate).

The marginal cost of coffee is 10 and the marginal cost of a banana is 40.

The café owner is considering three pricing strategies:

Assume that if the price of an item or bundle is no more than exactly equal to a student's willingness to pay, then the student will purchase the item or bundle.

For simplicity, assume there is just one student with an early class, and one student without an early class.

Pricing strategy ?  yields the highest profit for the café owner.

Briggs Excavation Company is planning an investment of $154,500 for a bulldozer. The bulldozer is expected to operate for 2,000 hours per year for five years. Customers will be charged $110 per hour for bulldozer work. The bulldozer operator costs $33 per hour in wages and benefits. The bulldozer is expected to require annual maintenance costing $20,000. The bulldozer uses fuel that is expected to cost $43 per hour of bulldozer operation.

a. Determine the equal annual net cash flows from operating the bulldozer. Use a minus sign to indicate cash outflows. this is an input table. Need the numbers to go with each.

Determine the net present value of the investment, assuming that the desired rate of return is 15%. Use the present value of an annuity of $1 table above. Round to the nearest dollar. If required, use the minus sign to indicate a negative net present value.

c. Should Briggs Excavation invest in the bulldozer, based on this analysis?
Yes , because the bulldozer cost is more than  the present value of the cash flows at the minimum desired rate of return of 15%.

d. Determine the number of operating hours such that the present value of cash flows equals the amount to be invested. Round interim calculations and final answer to the nearest whole number.
?? hours

where there '??' are the numbers that I am missing and cant figure out

1)        Sales Budget and Expected Cash Collections

The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account):

The selling price of the company’s product is $18.00 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made, 30% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $70,200.

Required:

1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole.
2. Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole.

2)        Prepare a Flexible Budget

Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company’s static budget for May appears below:

During May, the company’s actual activity was 105 diving-hours.

Required:

Prepare a flexible budget for May.

3)        Prepare a Flexible Budget Performance Report

Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company’s operations in July appear below:

The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount.

Required:

1. Prepare a flexible budget performance report for July that includes flexible-budget variances and sales-volume variances.
2. Which of the variances should be of concern to management? Explain.

Part I: Soft Drink Case (randomized block ANOVA) A soft drink producer has developed four new products with different flavors. The company wants to know whether customers have different preferences for these four products. Six persons were asked to sample taste and rate each flavor on a scale of 1- 20. The data are given in the Excel dataset “drink.xls” which is attached. Based on the data given, with a significance level of α = 0.05, conduct a formal hypothesis test to check whether there exists different preferences.

On February 1, 2018, Cromley Motor Products issued 6% bonds, dated February 1, with a face amount of $95 million. The bonds mature on January 31, 2022 (4 years). The market yield for bonds of similar risk and maturity was 8%. Interest is paid semiannually on July 31 and January 31. Barnwell Industries acquired $95,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:
1. Determine the price of the bonds issued on February 1, 2018.
2-a. Prepare amortization schedules that indicate Cromley’s effective interest expense for each interest period during the term to maturity.
2-b. Prepare amortization schedules that indicate Barnwell’s effective interest revenue for each interest period during the term to maturity.
3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell’s investment on February 1, 2018.
4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2020.

(Req-3 JE's: FEB 1, 2018: Record the issuance of the bonds by Cromley. FEB 1 2018: Record the Bond investment by Barnwell.)

(Req-4(Cromley): 1 Record the payment of interest for Cromley Company. 2 Record the accrued interest for Cromley Company. 3 Record the payment of interest for Cromley Company. 4 Record the payment of interest for Cromley Company. 5 Record the accrued interest for Cromley Company. 6 Record the payment of interest for Cromley Company.)

(Req-4(Barnwell): 1 Record the receipt of interest for Barnwell Company. 2 Record the accrued interest for Barnwell Company. 3 Record the receipt of interest for Barnwell Company. 4 Record the receipt of interest for Barnwell Company. 5 Record the accrued interest for Barnwell Company. 6 Record the receipt of interest for Barnwell Company.)