Please respond to all the questions below:

1. RGDP Definition:  What does real gross domestic product (RGDP) per capita measure? Is there economic production that is not captured in RGDP? Are there non-economic things or conditions that people value that are not captured in RGDP?
   
2. Real GDP Level: Research current and historical levels of RGDP in the US. Use credible Internet or other sources (e.g., government data, national newspapers) and CITE your source. Based on the data you found, what was the RGDP in the US in the most recent year you for which you could find data (in trillions of dollars)?
   
3. RGDP Growth in US: Research data on the recent growth rate of RGDP in the US. Again, please CITE your credible data source. What is the latest RGDP growth rate?
   
4. RGDP per Capita:  Research data on recent RGDP per capita in the US and other countries. CITE your source. Name some countries that have higher RGDP per capita than the US.
   
5. Characterize Economic Growth:  What do you think is the best measure of economic growth? How would you characterize economic growth in the US over the past 30 years?   

1. Jacobs & Johnson, an accounting firm, employs 15 accountants, of whom 9 are CPAs. If a delegation of 3 accountants is randomly selected from the firm to attend a conference, what is the probability that 3 CPAs will be selected? (Round your answer to three decimal places.)'

2. Among 500 freshmen pursuing a business degree at a university, 301 are enrolled in an economics course, 220 are enrolled in a mathematics course, and 130 are enrolled in both an economics and a mathematics course. What is the probability that a freshman selected at random from this group is enrolled in each of the following? (Enter your answers to three decimal places.)

(a) an economics and/or a mathematics course

(b) exactly one of these two courses

(c) neither an economics course nor a mathematics course

Now that the IOC has made the decision to postpone the Tokyo Summer 2020 Olympics until next year, one of the sponsoring organizations finds itself with Olympic merchandise that needs to be liquidated. When you heard about this opportunity you became quite excited because you are an avid collector of Olympic merchandise. In fact, when you graduate from Brock University, you plan on opening an Olympic memorabilia shop. The offer from this Olympic sponsor is such that you have the option to purchase the merchandise entirely upfront for $10,500 or to pay $2,750 per year for the next four years (with payments at the beginning of the year). Assuming a discount rate of 7%, is it advisable to pay the cost of the merchandise entirely upfront? Explain. Be sure to show your calculations

You have $600 in an account which pays 4.5 % compounded annually. How many additional dollars of interest would you earn over 4 years if you moved the money to an account earning 6.6 %?

How many additional dollars of interest would you earn over 4 years from the account that pays 6.6 %?

$___ (Round to the nearest cent.)

Andy promises to pay Opie $7,000 when Opie graduates from Mayberry University in 10 years. How much must Andy deposit today to make good on his promise, if he can earn 5 % on his investments?

How much must Andy deposit today to make good on his promise?

$ ___(Round to the nearest cent.)

1. Jessica is a graduate of a University’s business school entrepreneurship program.  As part of her final year of studies, she developed a business plan for a business that develops websites for individuals and commercial businesses.  She put her business plan into action with the help of start-up funding from family and friends, and has been operating for two and a half years.

Jessica has decided to apply the concepts in a balanced scorecard to evaluate and improve her business.  Her vision for this business is to provide clients with high quality websites that receive a relatively high number of hits. Recently, word-of-mouth advertising has led to more requests for websites with creative animated graphics.  As part of her balanced scorecard, she tracked the following measures over the last two years for her individual clients.

50       Required:

1. Based on the information above, does Jessica’s business compete on the basis of low cost or product differentiation?  Explain.
2. Your job is to assist Jessica in interpreting the data she has collected, so that she can determine where her business’ performance is satisfactory, and where she needs to concentrate her efforts in order to improve its performance.  
   1. For each performance measure, indicate how it should be classified on the balanced scorecard. There must be at least one performance measure for each classification.  There are, however, measures that can be included in more than one classification.  Select the classification that you believe is most appropriate.  Fore each performance measure, explain the reason for selecting the category chosen.
   2. Analyze the change in each performance measure from 2018 to 2019, but do not consider each performance measure in isolation.  Provide one possible explanation for the change that has been observed, making sure it is reasonable given all the information available to you.
   3. Evaluate the change in Jessica’s business as a whole from 2018 to 2019.  Identify one or two pieces of additional information needed to be able to complete this evaluation.  Describe why this information is needed.
   4. Make a recommendation as to the one thing Jessica should concentrate her efforts to improve her business in 2020.
3. Provide three reasons why a company could implement a balanced scorecard successfully but see no improvements in its profitability.   Make sure your explanation is sufficiently detailed that it is clear why improvements in profitability were not seen.

Q1, Company-wide strategic planning should ________.

a)focus solely on the products a company will sell

b)focus solely on how the company will make a profit

c)guide marketing strategy and planning

d)focus on the products a company will sell and on how the company will make a profit

e)None of the options are correct

Q2, In planning their marketing functions, companies engage in partner-relationship management, which is the process of ________.

a)working closely with competitors to evaluate potential suppliers

b)working with external stakeholders to understand market weaknesses

c)working closely with partners in other company departments to form an effective value chain that serves the customer

d)working closely with competitors to evaluate potential suppliers, and working with external stakeholders to understand market weaknesses

e)All of the options are correct

Q3, ________ is the division of a market into groups of buyers who have distinct needs, characteristics, and behaviors, and who might require separate products or marketing mixes.

a)Marketing mix

b)Market orientation

c)Market segmentation

d)Market penetration

e)Positioning

Ms. Jenny Joy is planning to open her first own business project: a little café close to the university district of the imaginary town of Brightside. She has rented a small, but nice venue for the café. She has worked hard to keep the target opening date of 1 June. There is a very important report missing from her paperwork though; she does not know how much profit she can expect during the first 3 months of operation. She remembers from university finance class that the best way to prepare a profit plan is to consider different scenarios. She has gathered all the relevant information for the profit analysis and for the sake of simplicity estimated two possible outcomes: “good” and “almost good”.

Information about costs and revenues:
- Average revenue from drinks and food: €22 per person
- Cost of drinks and food: €14 per person
- Rent fee: €1000 per month
- Utilities: €1200 per quarter
- She does not plan to hire employees in the first three months.
- Renting the coffee machine: €6000 per year
- Other costs: €3000 in the first month and 5% less in every upcoming month

Required:

1. Prepare a monthly analysis of Ms Joy’s profits based on her revenues and costs for the three months under both scenarios. (Please show all needed calculations and explanations)

2. Calculate her expected profit for the quarter

3. Name what are the variable and fixed costs from the above listed cost elements? Explain your answer.

4. Give two examples: one example of semi variable and one example of stepped costs that can be linked to the operation of the cafe?

Write a simple Java program that does the following:
1) Declare a constant of type String to hold the words "Oakland University".
2) Declare variables of the type stated, and Prompt the user to enter in the following information and store in the variables
a. Their current GPA on a 4.0 scale, into a variable of type double
b. The number of credits they have so far into a variable of type int
c. The amount of tuition they paid so far into a variable of type int
d. Their last name, into a String variable
e. Their first initial, into a char variable
3) Create a variable of type char. Determine and assign a letter grade to it using the following rules and if else statement. (Note: this is not our class grading scheme.)
a. gpa < 1 F
b. 1 <= gpa < 2.5 D
c. 2.5 <= gpa < 3 C
d. 3 <= gpa <= 3.5 B
e. 3.5 < gpa <= 4 A

4) Create a variable of type double. Cast the either of the variables tuition or credits to
double to calculate the tuition dollars per credit hour and assign it to the new variable. .
5) Print out to the system console a single String using escape characters that outputs
multiple lines with the following information, formatted the same as this example. In
other words, the first column should indicate what is being output, and the second column
shows the value. Use variable names in your output String, not literals. You can use tab
escape characters to set up the second column.
a. your first initial and last name, with a period and space following your first initial
(from problem 2)
b. your university (from problem 1)
c. your Letter GPA grade (from problem 3)
d. Your tuition cost per credit hour (from problem 4)

Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2018 year-end inventory is as follows: Inventory, by Product Category Quantity Per Unit Cost Net Realizable Value Tools: Hammers 110 $ 5.70 $ 6.20 Saws 270 10.70 9.70 Screwdrivers 370 2.70 3.30 Paint products: 1-gallon cans 570 6.70 5.70 Paint brushes 110 4.70 5.20 Required: 1. Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule is applied to (a) individual products, (b) product categories, and (c) total inventory. 2. Assuming that the company reports an inventory write-down as a line item in the income statement, for each of the LCNRV applications determine the amount of the loss.

1.