Tommy Shelby lives in Mahebourg. On 15 June 2020, he lost his
job as bartender in a hotel in the southern part of Mauritius, due
to the COVID-19 pandemic. He was offered Rs200,000 as severance
allowance, for his 5 years of loyal service to the hotel. Taking
into consideration the craze which online purchases took during the
national confinement period, he is now thinking of investing the
severance allowance money, to launch an e-commerce website for the
sales of products. He is thinking of selling all types of tangible
products that can be ordered online. He intends to earn a
percentage of all sales made online, through his platform.
However, Tommy Shelby neither has any knowledge of information
systems, nor any experience in electronic business. Therefore, your
contribution is required to help Tommy Shelby set up his business
by working out the following assignment.
1. Use the Porter 5 Forces Model to analyse the market viability
for Tommy Shelby’s business.
2. Discuss how the STEEPLED factors can influence
internationalization of Tommy Shelby’s e-commerce platform.
3. Define the strategies that Tommy Shelby need to put in place for
his business to succeed and sustain.
In: Economics
In: Accounting
Question 2 – ALL CALCULATIONS MUST BE SHOWN
A local theme park is losing money. The current price of admission is $60 per person with an average daily attendance of 750 people. You are an independent consultant employed to recommend a pricing strategy. The demand schedule estimated by the consultant is shown in the table below.
|
Price |
Quantity of tickets sold per day |
Elasticity |
|
0 |
1200 |
-- |
|
20 |
1050 |
|
|
40 |
900 |
|
|
60 |
750 |
|
|
80 |
600 |
|
|
100 |
450 |
|
|
120 |
300 |
|
|
140 |
150 |
|
|
160 |
0 |
Infinity |
a. Fill in the blanks in the table above. There are 7 empty cells [marked as 0.5 marks per cell correctly filled]. Use the point method (ΔQ/ΔP)*(P/Q) to calculate the own-price elasticity of demand. (3.5 marks)
b. As a consultant what would be your recommendation regarding pricing strategy? Should the theme park change the price from $60? Justify your answer based on the price elasticity of demand. .
c. From the information in the table write the equation for the daily demand for theme park tickets in price dependent form (P=a-bQ). (2.5 marks)
d. Use the midpoint method to calculate the price elasticity of demand from $85 to $90. Explain whether demand is price elastic or price inelastic and interpret the value of this elasticity.
e. Theme park customers are able to purchase a $15 photographic package. At the current ticket price of $60, 34% of customers purchase photographic packages. The theme park estimates that a $3 price increase in theme park tickets would result in a 20% reduction in photographic packages purchased. Provide the name of, and calculate the value of, this elasticity. Interpret its value. What does this elasticity value tell the theme park managers about the relationship between theme park ticket prices and photographic packages? How many customers would purchase the photographic packages if theme park tickets increased by $3?
In: Economics
Georgia Movie Company has a capital structure with 43.00% debt and 57.00% equity. The cost of debt for the firm is 8.00%, while the cost of equity is 15.00%. The tax rate facing the firm is 35.00%.
The firm is considering opening a new theater chain in a local college town. The project is expected to cost $12.00 million to initiate in year 0. Georgia Movie expects cash flows in the first year to be $3.45 million, and it also expects cash flows from the movie operation to increase by 4.00% each year going forward. The company wants to examine the project over a 10.00-year period.
What is the NPV of this project? (express answer in millions, so 1,000,000 would be 1.00)
Submit
Answer format: Currency: Round to: 2 decimal places.
In: Finance
In: Accounting
Question:5
September 2019
Mean $372.40
Standard deviation $26.10
Sample size 36
In the previous year the average cost of each holiday was $356.20.
The company wishes to adopt a more scientific approach to estimating customer satisfaction.
What sample size would be needed to estimate the proportion of customers’ views to within 2% of the true figure at the 95% confidence limit and Interval
In: Statistics and Probability
Use JAVA
Program #1: Hotel Occupancy: Write a program that calculates the occupancy rate for a hotel. The program should start by asking the user how many floors the hotel has. A for loop should then iterate once for each floor. In each iteration of the for loop, the program should ask the user for the number of rooms of the floor and how many of them are occupied. After all of the iterations are complete the program should display how many rooms the hotel has, how many of them are occupied, and the percentage of rooms that are occupied.
It is traditional that most hotels do not have a 13thfloor. The for loop in this program should skip the entire thirteenth loop iteration.
Input validation: Do not accept a value of less than one for the number of floors. Do not accept a value of less than 10 for the number of rooms on a floor. Do not accept a value for occupied that is greater than rooms.
EXAMPLE INPUT TO USE FOR TESTING (just an example your program should work for all different inputs):
If the Number of Floors in the Hotel: 16
And the user to INPUT the following information for total rooms and occupied rooms:
Floor # | Total Rooms | Occupied Rooms |
1 | 200 | 180 |
2 | 170 | 100 |
3 | 50 | 20 |
4 | 125 | 125 |
5 | 100 | 80 |
6 | 200 | 80 |
7 | 80 | 40 |
8 | 90 | 45 |
9 | 95 | 0 |
10 | 115 | 103 |
11 | 125 | 17 |
12 | 140 | 128 |
14 | 130 | 129 |
15 | 100 | 99 |
16 | 60 | 24 |
The output of your program for the above example should be (do NOT print the above chart!):
The Hotel has 1780 Total Rooms.
1170 of the Rooms are Occupied.
66 % of the Rooms are Occupied.
Program #2: Pennies: For the first day worked a person earns $1.00 for the entire day. For the second day worked the person’s daily pay is doubled to $2.00. For the third day worked the person’s daily pay is doubled again to $4.00. For each consecutive day a person works their daily pay is doubled in this way.
Write a program that asks a user to enter the number of days they worked and then calculates the pay they earned for each day along with the total pay they earned for all of the days. The program output should be the pay for each day and the total pay earned for all the days.
Input Validation: Do not let the user enter a number of days that is less than 1. Use a loop to prompt them to enter another number for the number of days if they enter a number that is less than 1.
Make sure and format your output.
Example: This would be the output for a person who worked 4 days
Pay for Day 1: $1.00
Pay for Day 2: $2.00
Pay for Day 3: $4.00
Pay for Day 4: $8.00
TOTAL PAY FOR 4 DAYS: $15.00
In: Computer Science
In the 2009 film 2012, there is a scene in which a supervolcano erupts under Yellowstone National Park. It has been fairly recently discovered that in at least some volcanic eruptions, the magnetic field of the earth is reversed in the region of the volcano (only while it is erupting). The magnetic field during this eruption would have a magnitude of 5.3 ⋅ 10−4 ? and be oriented 68.6∘ south of down. During the eruption, there is a pyroclastic flow (this is the fast lava-looking “liquid” that flows down the volcano first), which can move at speeds upwards of 200 ?⁄?. One particular rock flowing in this has a mass of 150 ????? and an electric charge of +1.2 ⋅ 104 ?.
Find the Lorentz (magnetic) force (magnitude and direction) acting on this rock when it has just started flowing near the top of the volcano. At this point, it flows at a speed of 50 ?⁄? vertically downward.
Find the Lorentz (magnetic) force (magnitude and direction) acting on this rock when it has just reached the bottom of the volcano. At this point, it flows at a speed of 200 ?⁄? horizontally east.
In: Physics
Montgomery Industries spent $500,000 in 2017 on a construction project to build a library. Montgomery also capitalized $25,000 of interest on the project in 2017. Montgomery financed 100% of the construction with a 8% construction loan. The project was completed on September 30, 2018. Additional expenditures in 2018 were as follows:
Feb. 28 $ 81,000
Apr. 30 171,000
Jul. 1 27,000
Sept. 30 55,000
Required: Determine the completed cost of the library. (Do not round intermediate calculations)
In: Accounting
Consider the movie ticket and popcorn example discussed in
Section 17.7. The theater sells two products, tickets and popcorn.
Suppose the weekly demand for movie tickets is
Qdtix=500−25Ptix−20Ppopcorn,
where Ptix and
Ppopcorn are the prices of a ticket
and a bag of popcorn, respectively. Suppose that each time a
moviegoer buys a ticket, his demand for popcorn is
Qdpopcorn=3−0.4Ppopcorn,
where Qdpopcorn is the number of
bags of popcorn the moviegoer buys. Suppose further that the
theater's marginal cost of a ticket is $2, while the marginal cost
of popcorn is $3.
Instructions: Round your answer to 2 decimal
places.
a. What is the profit-maximizing price of a movie ticket if a bag
of popcorn sells for $5 a bag?
$.
In: Advanced Math