NFL-sponsored studies of the economic impact of the Super Bowl on host communities typically generate large numbers. They report the impact of the 1999 Super Bowl on the Miami area was $396 million. However, studies that compared January spending in six Super Bowl host cities to spending in those cities during a series of non Super Bowl years before and after the event found the net economic impact of a Super Bowl is virtually zero. EXPLAIN.

Further discuss how your answer may change for a Super Bowl in Seattle.

1. The long-run cost function for LeAnn's telecommunication firm is: C(q)=0.03q². A local telecommunication tax of $0.01 has been implemented for each unit LeAnn sells. This implies the marginal cost function becomes: MC(q,t)=0.06q+t
   1. If LeAnn can sell all the units she produces at the market price of $0.70, calculate LeAnn's optimal output before and after the tax.
   2. What effect did the tax have on LeAnn's output level?
   3. How did LeAnn's profits change?

You are graduating from college at the end of this semester and after reading the The Business of Life box in this​ chapter, you have decided to invest $5100 at the end of each year into a Roth IRA for the next 47 years. If you earn 9 percent compounded annually on your investment, how much will you have when you retire in 47 years? How much will you have if you wait 10 years before beginning to save and only make 37 payments into your retirement account?

This chapter looks at personal selling, the oldest form of marketing and one of the oldest professions.   One of the key points this week concerns the difference between "transaction-oriented" personal selling and "relationship-oriented" personal selling. One of the reasons this distinction has become so important is that consumers are using other information to do initial research into the product or service before engaging the seller. After studying this concept in the text, try to come up with an example of a company that has succeeded in migrating to this new form of personal selling. Explain your choice.

A project requires an initial investment of $100,000 and is expected to produce a cash inflow before tax of $27,200 per year for five years. Company A has substantial accumulated tax losses and is unlikely to pay taxes in the foreseeable future. Company B pays corporate taxes at a rate of 21% and can claim 100% bonus depreciation on the investment. Suppose the opportunity cost of capital is 10%. Ignore inflation. a. Calculate project NPV for each company. b. What is the IRR of the after-tax cash flows for each company?

Suppose that Ally Financial Inc. issued a bond with 10 years until​ maturity, a face value of $ 1,000​, and a coupon rate of 6 % ​(annual payments). The yield to maturity on this bond when it was issued was 5 %.

a. What was the price of this bond when it was​ issued? b. Assuming the yield to maturity remains​ constant, what is the price of the bond immediately before it makes its first coupon​ payment? c. Assuming the yield to maturity remains​ constant, what is the price of the bond immediately after it makes its first coupon​ payment?

You are graduating from college at the end of this semester and after reading the The Business of Life box in this​ chapter, you have decided to invest ​$5,600 at the end of each year into a Roth IRA for the next 41 years. If you earn 10 percent compounded annually on your​ investment, how much will you have when you retire in 41 ​years? How much will you have if you wait 10 years before beginning to save and only make 31 payments into your retirement​ account?

During an earthquake, a floor oscillates horizontally in approximately simple harmonic motion. Assume it oscillates at a single frequency with a period of 0.67 s.

(a) After the earthquake, you are in charge of examining the video of the floor motion and discover that a box on the floor started to slip when the amplitude reached 11 cm. From your data, determine the coefficient of static friction between the box and the floor.

______________

(b) If the coefficient of friction between the box and floor were 0.39, what would be the maximum amplitude of vibration before the box would slip?

_______________cm

Question 4

Ghana Post Company Ltd has two divisions, EMS and the Postal division. Ghana Post Company Ltd intends to increase its investment in EMS and Postal division by GHS10,000 each. The increase in investment is expected to increase net income by GHS18,000 and GHS20,000 in EMS and Postal respectively. Currently, the assets structure of both EMS and Postal is analysed below:

                                              EMS                         Postal

                                             GHS                          GHS

                                    Investment

Motor vehicles                            70,000                     180,000

Buildings                                         30,000                     120,000

Scales/Equipment                         20,000                     100,000

                                                         120,000                     400,000

                                    Current Asset

                                     Stamps                            25,000                          50,000

                                     Stationary                       45,000                         80,000

                                      Debtors                           80,000                          70,000

                                      Bank                                                                     130,000

       60,000                         330,000

                                     Current liabilities         210,000

Creditors                         10,000    200,000     20,000        310,000

                                                            320,000                          710,000

Current Revenue for both EMS and Postal are GHS364,000 and GHS692,000 respectively. Total expenses as a percentage of revenue are 80.2% and 88.2% for EMS and Postal respectively. Assume cost of Ghana Post is 15% and the company evaluates its managers based on return on investment (ROI) and Residual Income (RI).

Required:

1. Calculate ROI before and after the expansion.
2. Using the cost of capital, determine the residual income before and after the expansion.
3. Should management of Ghana Post invest in the expansion? Give reasons

1. Describe the main characteristics and objective of profit and investment centres.
2. Explain conditions necessary for the successful introduction of both profit and investment centres.