In Africa, the continent where the polio epidemic has been most difficult to control, international relief efforts aimed at disease eradication often work against a backdrop of civil unrest and war. In some countries, temporary cease-fire agreements must be negotiated to allow vaccination and prevent serious outbreaks from occurring. During peacetime and during war, low incomes make paying for the vaccine a real problem among the poor. To make the oral polio vaccine more affordable, either consumer purchases (demand) or production (supply) can be subsidized. Consider the following market demand and market supply curves for a generic oral polio vaccine:
QD = 24,000 - 2,000P (Market Demand)
QS = -4,000 + 1,500P (Market Supply)
where Q is output measured in doses of oral vaccine (in thousands), and P is the market price in dollars.
c. What will happen to the price buyers pay per dose of the vaccine as a result of the subsidy?
d. What price will providers actually receive (net price) per dose yard after the subsidy?
e. How much will this subsidy cost the government?
f. Now suppose the government decides on a different policy. Calculate the equilibrium price/o\
tput solution after the institution of a voucher system whereby consumers can use a $7.00 voucher to supplement cash payments.
g. What will happen to the net price buyers pay per dose of the vaccine as a result of the vouchers?
h. What price will providers actually receive per dose after the vouchers?
i. How much will this system of vouchers cost the government?
j. Discuss the differences in these two approaches to helping solve the polio epidemic.
In: Economics
Discuss the role of motivation in enhancing the productivity of the employees. In your opinion, what kind of needs affect the motivation level of the employees? Support your answer in the preview of a motivation theory with suitable examples.
In: Operations Management
A firm that is in an oligopoly market will try to attain the
benefits (for them) of acting like a monopoly by colluding with the
other firms in the market and forming a cartel. However, these can
break down to the point where the market is more similar to a
competitive market. Explain why these agreements often break apart
(be sure to include explanation of the Nash equilibrium and
Dominate Strategy).
Why does an oligopoly market not just become a competitive
market?
In: Economics
What are the problems with the current patent laws that relate to technology? Research the Internet regarding issues being mentioned by incumbent corporations versus start-ups.
In: Economics
Information:
Consider a banking system with 3 classes: BankAccount, CheckingAccount, and SavingsAccount, that you are to design and write. Have CheckingAccount and SavingsAccount inherit from BankAccount. In BankAccount, you should include an account number, an account balance, a deposit method, a toString method, and an abstract withdraw method. Since deposits work the same way in both child classes, make sure they cannot override it. The constructor should only take an initial deposit and generate a random 5 digit account number. The toString should display the account number and the balance.
In the CheckingAccount class add a minimum balance and a standard overdraft fee of $25. Implement the withdraw method so that overdrafts are allowed, but the overdraft fee is incurred if the balance drops below the minimum balance. Override the toString method to display everything the BankAccount toString displays plus the minimum balance. Use the parent class toString to do most of the work.
In the SavingsAccount class add an annual interest rate (with a default value of 1.5%) and a method to recalculate the balance every month. Since the interest rate is annual, make sure to calculate the interest accordingly. Override the toString method to display everything the BankAccount toString displays plus the interest rate. Like the CheckingAccount toString, you should use the parent class to do most of the work.
Question: Write the Java implementation of the BankAccount. Note, no driver is required.
In: Computer Science
Suppose a typical income leisure constraint. The wage rate for a typical consumer is $20 per
hour, and she works 10 hours per day. Assume there are 52 weeks per year.
a. Construct a yearly income-leisure constraint for this consumer. Graphically show the optimal
work-leisure choice for this consumer.
b. Assume that the wage rate is increased to $25 per hour. Assuming income effect dominates,
graphically show a new possible work-leisure choice for this consumer.
c. Suppose that the government considers an income supplement program for this consumer
providing $5000 per year. Assuming holding all of the assumptions given in #b, is it a good
policy for the economy in general for this society? Explain it with the relevant economic
theoretical justifications.
In: Economics
Should there be a major national effort to restore these troubled youths using a holistic, non-punitive approach that recognizes the special needs of children? How would you convince kids to stop taking risks? (300-400 words)
In: Psychology
Q9. Explain your agreement or disagreement with the following statement: “Cyclical decoration should be restricted to rich areas only”. The answer should include a brief description of:
Cyclical decoration.
The relevance of cyclical decoration various tenants.
The items to be replaced.
The procedure to be carried out.
In: Civil Engineering
You are arguing over a cell phone while trailing an unmarked police car by 26.0 m. Both your car and the police car are traveling at 102 km/h. Your argument diverts your attention from the police car for 2.50 s (long enough for you to look at the phone and yell, "I won't do that!"). At the beginning of that 2.50 s, the police officer begins emergency braking at 5.00 m/s2.
(a) What is the separation between the two cars when your
attention finally returns?
m
(b) Suppose that you take another 0.400 s to realize your danger
and begin braking. If you too brake at 5.00 m/s2, what
is your speed when you hit the police car?
km/h
In: Physics
Procter & Gamble, explore their website to answer each of the below questions. Many times, the following website sections will contain the type of information required: about us, corporate governance/leadership, investor relations, sustainability/social responsibility, and media relations. If any of the pages or sections are not made apparent, you could also search for information using the company's search box which will sometimes provide a link to a page several layers into their website.
In: Operations Management
ccording to Mark Mendl and Jordan Kirkness (When Worlds Collide: Addressing Off-Duty Employee Misconduct):
Many believe that what employees do on their own time should not be regulated by employers, but the boundary between the workplace and an employee’s private life is not absolute. As recent high profile cases have demonstrated, some off-duty misconduct, such as criminal or morally reprehensible behaviour, may invite discipline or even dismissal of employees.
It is generally accepted that employers can regulate employees’ conduct in the workplace through the promulgation of reasonable rules, policies and procedures. Increasingly, however, employers are facing difficult decisions concerning employee misconduct that occurs outside the workplace.
Making reference to the required readings up to this point in the course and your own experiences, explain what you believe are the appropriate boundaries for the responsibilities that employees have to their employer when not in the workplace. Do you believe that when not in the workplace, employees have any responsibilities to their employer? Does it make a difference if the employees are managers?
In: Operations Management
Obesity in African Americans
1. Identiy the stakeholders for obesity in African Americans using the influence diagram to visualize both the stakeholders and their relationships to another.
2. Please make sure that the influence diagram has the following qualities:
It includes obesity in African Americans
It identifies at least 10 stakeholders
It groups/clusters the stakeholders into logical categories
It shows the influence-relationship between those stakeholders and the target population
In: Psychology
Taking the position that you are the Union President and in negotiations with your company, write a two page position paper arguing for an expanded funeral leave policy. Your company does not currently give any funeral leave.
In: Operations Management
|
Hancock Company, a merchandising company, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparation of the master budget for the second quarter. |
| a. |
As of December 31 (the end of the prior quarter), the company’s balance sheet showed the following account balances: |
| Cash | $ | 13,100 | ||
| Accounts receivable | 55,800 | |||
| Inventory | 18,620 | |||
| Buildings and equipment (net) | 135,000 | |||
| Accounts payable | $ | 47,000 | ||
| Common stock | 115,000 | |||
| Retained earnings | 60,520 | |||
| $ | 222,520 | $ | 222,520 | |
| b. | Actual and budgeted sales are as follows: |
| December(actual) | $ 93,000 |
| January | $ 133,000 |
| February | $ 194,000 |
| March | $ 102,000 |
| April | $ 100,000 |
| c. |
Sales are 40% for cash and 60% on credit. All payments on credit sales are collected in the month following the sale. The accounts receivable at December 31 are a result of December credit sales. |
| d. | The company's gross margin percentage is 30% of sales. (In other words, cost of goods sold is 70% of sales.) |
| e. |
Each month's ending inventory should equal 20% of the following month's budgeted cost of goods sold. |
| f. |
One-quarter of a month's inventory purchases is paid for in the month of purchase; the other three- quarters is paid for in the following month. The accounts payable at December 31 are the result of December purchases of inventory. |
| g. |
Monthly expenses are as follows: commissions, $27,500; rent, $4,150; other expenses (excluding depreciation), 8% of sales. Assume that these expenses are paid monthly. Depreciation is $4,050 for the quarter and includes depreciation on new assets acquired during the quarter. |
| h. |
Equipment will be acquired for cash: $5,330 in January and $9,600 in February. |
| i. |
Management would like to maintain a minimum cash balance of $7,000 at the end of each month. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $50,000. The interest rate on these loans is 1% per month, and for simplicity, we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter. |
| Required: | |
| Using the data above, complete the following statements and schedules for the second quarter: | |
| 1. | Schedule of expected cash collections: |
| 2a. |
Merchandise purchases budget. |
| 2b. |
Schedule of expected cash disbursements for merchandise purchases: |
| *Beginning balance of the accounts payable. |
| 3. | Schedule of expected cash disbursements for selling and administrative expenses: |
| 4. |
Cash budget. (Cash deficiency, repayments and interest should be indicated by a minus sign.) |
| 5. |
Prepare an absorption costing income statement for the quarter ending March 31. (Losses should be indicated by a minus sign.) |
| 6. |
Prepare a balance sheet as of March 31.(Round your answers to the nearest whole number.) |
In: Accounting
A hydraulic lift in a garage has two pistons: a small one of cross-sectional area 4.50cm2 and a large one of cross-sectional area 220cm2 .
There are two parts to this question please give CORRECT answer.
Part A If this lift is designed to raise a 3400-kg car, what minimum force must be applied to the small piston?
Part B If the force is applied through compressed air, what must be the minimum air pressure applied to the small piston?
In: Physics