1.-The Belmount Company produces boots that sell for $ 20 a pair. During 2019, their sales volume was 10,000 pairs per month. In January 2020, a competitor, the V.R. Nelson Company cut the prices of its boots from $ 25 to $ 18 a pair. The following month, Belmount sold just 7,000 pairs of boots.
a) Determine the cross-arc elasticity of demand between Belmount and Nelson boots (assume that the Belmount price remains constant).
b) Suppose the price arc elasticity for Belmount boots is -2.0. Also, that Nelson kept the price of her boots at $ 18. How much price reduction will Belmount need to establish to increase its sales volume to the previous figure of 10,000 pairs per month?
c) Compare the total revenue of Belmount with sales volumes of 7,000 and 10,000 pairs after the Nelson Company's price reduction.
d) Does the analysis suggest the boots of the two companies are good or bad substitutes?

The Belmount Company produces boots that sell for $ 20 a pair. During 2019, their sales volume was 10,000 pairs per month. In January 2020, a competitor, the V.R. Nelson Company cut the prices of its boots from $ 25 to $ 18 a pair. The following month, Belmount sold just 7,000 pairs of boots.

a) Determine the cross-arc elasticity of demand between Belmount and Nelson boots (assume that the Belmount price remains constant).

b) Suppose the price arc elasticity for Belmount boots is -2.0. Also, that Nelson kept the price of her boots at $ 18. How much price reduction will Belmount need to establish to increase its sales volume to the previous figure of 10,000 pairs per month?

c) Compare the total revenue of Belmount with sales volumes of 7,000 and 10,000 pairs after the Nelson Company's price reduction.

d) Does the analysis suggest the boots of the two companies are good or bad substitutes?

1.Short Case A

In December 2019, Donald Trench, the CMO of Green Light Trucks, identified three new segments that the company wanted to enter in 2020. As the third quarter comes to an end, Donald would like to assess their performance in each of the new segments they penetrated. Donald needs your help!

1. Let’s say that the company has a Marketing Information System. What information do you need to extract from the system for you to analyze the third quarter performance?
2. For each segment, how would you know if it performed well or not?

2. Short Case B

You are a marketing consultant. A client of yours, a CMO wants your advice. Her project is to create a dashboard of indicators that show the contribution of marketing to the performance of the business. She wants to create this but unsure on the criteria she should use in designing the dashboard to make it effective.

What would you advise her?

1. In females, the urethra opens:

   		at the tip of the clito ris
   		posterior to the an us
   		between the vag ina and an us
   		between the clito ris and the vagi na
   		anterior to the clito ris

1 points   

QUESTION 17

1. The labia major develops from the same source as the _____ in males.

   		prostate
   		scr otum
   		urethra
   		glans

1 points   

QUESTION 18

1. Most tissues of the gonad develop from the:

   		epimere
   		hypomere
   		ectoderm
   		mesomere
   		endoderm

1 points   

QUESTION 19

1. Urine in the collecting duct then proceeds to the:

   		calyxes
   		renal pelvis
   		ureter
   		distal convoluted tubule

1 points   

QUESTION 20

1. In females, the gonad is the:

   		mammary glands
   		ov ary
   		vagi na
   		ute rus

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Problem 5-1A Part 3

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 85 units from beginning inventory and 215 units from the March 5 purchase; the March 29 sale consisted of 65 units from the March 18 purchase and 105 units from the March 25 purchase.

Complete this questions by entering your answers in the below tabs.

-Perpetual FIFO

-Perpetal LIFO

-Weighted Average

-Specific ID

Required information

[The following information applies to the questions displayed below.]

Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.

For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 420 units from the March 5 purchase; the March 29 sale consisted of 100 units from the March 18 purchase and 180 units from the March 25 purchase.

3. Compute the cost assigned to ending inventory using

(a) FIFO,

(b) LIFO,

(c) weighted average (Round your average cost per unit to 2 decimal places.)

(d) specific identification.

The following information applies to the questions displayed below.]

Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.  

For specific identification, the March 9 sale consisted of 40 units from beginning inventory and 430 units from the March 5 purchase; the March 29 sale consisted of 90 units from the March 18 purchase and 170 units from the March 25 purchase.

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d)specific identification. (Round your average cost per unit to 2 decimal places.)

Highland, Lowland and Midland are three countries in a continent. The countries engage heavily in trade with each other and have almost identical facilities provided to consumers by both the private sector and public sector. In 2005, Highland had a Nominal bill of its Economy which amounted to 750 million Krona out of which 89% are from traded goods, Midland had a Nominal bill that amounted to 1.4 trillion Dinar out of which 78% are from traded goods and Lowland had a Nominal bill which amounted to 300 million Rand out of which 100% is from traded goods. The following information is given:

E (KRONA|DINAR) = 0.7

E (DINAR|RAND) = 0.495

E (RAND|US DOLLAR) = 1.2

All the above rates are official exchange rates.

Globally, the living standards of all the countries are measured against the living standards in the United States. In order to see that, the BIG MAC Index is used to determine how much the MAC would cost in each of these countries in USD. In Highland, a MAC approximately costs 2 Krona, in Midland, a MAC costs twice as much as in Highlands, In Lowland, a MAC costs around 1.2 Rand and In US, the MAC costs around $6.32.

1. Calculate the Exchange rate of all the currencies per US Dollar at the official rates.
2. Calculate the Nominal GDP and PPP GDP of Highland, Midland and Lowland in US Dollars.
3. What can you conclude from your answers in part B.?
4. In 2006, Highland and Midland jointly invaded Lowland and took over the country. If Highland took 60% of the Nominal GDP and Midland took 40% of the Nominal GDP. What are the percentage increases in their PPP GDP? (Assume all the exchange rates are unchanged)

ABC, Inc. provides its employees with a defined benefit pension plan. In 2020, the company made the mistake of not amortizing the cost of prior period services (PSC). Which of the following statements is correct?

a. Total equity is underestimated.

b. The company's net income is overstated.

c. Total debt is overstated.

d. The company's net income is underestimated.

QUESTION 2 In Derry v Peek 14 App.Cas. 337 (House of Lords, 1889) the Court held that there was not a fraudulent representation made by the tramway company. With reference to the issues before the court in that case, do you think that in 2020 it would be more desirable to sue under S 18 of the Australian Consumer Law? Explain your reasons.