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
|
Probability of scenario |
Number of guests PER DAY (assume 20 working days per month) |
|
|
Good scenario |
55% |
40 |
|
Almost good scenario |
45% |
30 |
Required:
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)
Calculate her expected profit for the quarter
Name what are the variable and fixed costs from the above listed cost elements? Explain your answer.
Give two examples: one example of semi variable and one example of stepped costs that can be linked to the operation of the cafe?
In: Finance
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)
In: Computer Science
In: Finance
Rework Problem 24-5 using the Black-Scholes model to estimate the value of the option. The risk-free rate is 6%.
Data from problem 24-5:
Fethe's Funny Hats is considering selling trademarked curly purple-haired wigs for University of Western Ontario football games. The purchase cost for a 2-year franchise to sell the wigs is $20,000. If demand is good (40% probability), then the net cash flows will be $28,000 per year for 2 years. If demand is bad (60% probability), then the net cash flows will be $8,000 per year for 2 years. Fethe's cost of capital is 10%.
In: Finance
Part 1: summarize the article, just one paragraph
Retirees head to Latin America, where middle-class money can buy upper-class lifestyle
http://www.miamiherald.com/news/nation-world/world/americas/colombia/article154093359.html#storylink=cpy
Part 2: Link the article to two concepts from chapter 11 (Consumer Identity: social class and lifestyles)
Book: Consumers Behavior, Buying, Having, and Being, Student Value Edition, 11/E Michael R. Solomon, Saint Josephs University
ISBN-10: 0133451151 ISBN-13: 9780133451153
In: Psychology
Assume that a simple random sample has been selected from a normally distributed population. We want to test the claim that for the population of female college students at a particular university, the mean weight is given by µ=132lb. The sample data are summarized as follow: n=20, x=137lb, and s=14.2 lb. Use a significant level of α=0.1.
a. Identify the relevant variable and parameter
b. State null and alternative hypothesis
c. Find the test statistic value
d. Find and interpret the P-value and interpret the conclusion
e. Is there a probability of making type II error (Yes or No).
In: Statistics and Probability
According to a recent report, 48% of college student internships are unpaid. A recent survey of 100 college interns at a local university found that 52 had unpaid internships. a. Use the five-step p-value approach to hypothesis testing and a 0.10 level of significance to determine whether the proportion of college interns that had unpaid internships is different from 0.48. b. Assume that the study found that 59 of the 100 college interns had unpaid internships and repeat (a). Are the conclusions the same? a. Let π be the population proportion. Determine the null hypothesis, H0, and the alternative hypothesis, H1. H0:π ____ H1: π ____
In: Statistics and Probability
College students were asked to rate the spring festivals at
university in years 2016, 2017, and 2018. The following table shows
the students’ ratings on a scale from 0 to 100 where larger values
are assigned to better activities. Construct an ANOVA table and
determine whether there is a significant difference among the student
appreciation of spring festivals for different years. Assume a
significance level of α = 0.05.
| 2016 | 2017 | 2018 |
| 72 | 93 | 87 |
| 58 | 70 | 70 |
| 71 | 76 | 90 |
| 56 | 69 | 85 |
| 45 | 86 | 76 |
| 73 | 65 | 94 |
| 68 | 70 | 85 |
In: Statistics and Probability
Using javascript, Display the following two statements about Plagiarism and Attendance in 2 paragraphs. Display a button “Switch paragraphs” between these two paragraphs. Whenever the user clicks the switch button, the 2 paragraphs switch their places. Plagiarism statement: I have read the policy for plagiarism at Wollongong University. I declare that this assignment solution is entirely my work. Button “Switch paragraphs” appears HERE. Attendance statement: I acknowledge that this assignment is scheduled to be marked in the computer lab in Week 8 and Week 9, and absence from the labs may result in zero mark.
In: Computer Science
A recent headline announced / impeachment causes a dip in a
President’s Approval Rating.
This conclusion was based on a University poll of 100 adults. In
the poll, 41.1% of respondents approved of the president’s job
performance.
(a) Based on this poll, what is the probability that more than 50%
of the population approve of the president’s job performance?
(b) Form a 90% confidence interval for this estimate.
(c) Assume we know without sampling error the population support was 42% before the impeachment story broke in September. Test whether the impeachment proceedings have actually caused a dip in approval from the 42% baseline at the .05 significance level.
In: Math