Assignment 1 You are the chief analyst to monitor an eastern city’s government consumption expenditures. Using the city’s quarterly government consumption data {yt} measured in billion dollars from 2007-Q1 to 2014-Q3‚ you are trying to estimate the linear trend model: yt = + t + ut‚ where ut ~ N(0‚ ). (A) Supposing t = 1 for the starting quarter (i.e.‚ 2007-Q1)‚ then what is t for 2014-Q3? (1 mark) (B) Suppose your OLS (ordinary least squares) estimates for the trend model are = 1.62
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Gustafson Business Ethics Mark Matthews‚ Ph.D. February 10‚ 2004 Applying Ethics to the Merck Case The purpose of my essay is to show whether the business decisions made by the management team of Merck pharmaceutical are ethical. Using corporate assets for charitable purposes‚ the company manufactures and distributes a drug called Mectizan at no charge to impoverished nations and their inhabitants. I will expound on three ethical theories and then analyze the Merck case according to each theory
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Q1. Based on the data in case Exhibit I‚ what inferences can be drawn from the survey responses regarding the herbal shampoo category? As per Exhibit 1 the following inferences can be drawn from the survey regarding herbal shampoo category: * The respondents felt that herbal shampoos need to be used in large quantity for lather and that the protein content is important for making hair strong‚ shiny and soft. * Respondents chose their shampoo based on their hair type and texture. * They feel that
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Case 16-1: Hospital Supply‚ Inc. Question 1: Total fixed costs (TFC) = fixed costs per unit times normal volume =($660 + $770)*3‚000 = $4‚290‚000. Contribution margin per unit = unit price minus unit variable costs = $4‚350 - $2‚070 = $2‚280. $4‚290‚000 Break - even volume = ------------------ = 1‚882 units $2‚280 Break - even sales =1‚882 units x $4‚350 = $8‚186‚700 Question 2: Effects on monthly shares‚ costs and income. [pic]
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used. They were also self-sufficient‚ so there was little need for packaging of goods‚ either for storage or transportation. When containers were needed‚ nature provided gourds‚ shells‚ and leaves. Later‚ containers were fashioned from natural materials‚ such as hollowed logs‚ woven grasses and animal organs. As ores and chemical compounds were discovered‚ metals and pottery were developed‚ leading to other packaging forms. Packaging is used for several purposes: • Contain products‚ defining the amount
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Food Packaging Food packaging draws on disciplines like chemistry‚ microbiology‚ food science and engineering. About 25% of the ex-factory cost is for packaging and thus provides the challenge for food packaging technologists to design and develop functional packages at low cost. Today packaging is pervasive and essential. It surrounds‚ enhances and protects the goods from processing and manufacturing through handing and storage to final consumption without packing‚ materials would be messy
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Chapter 9 Five Branches are discussed in Ch.9: 1. Therapeutic Recreation 2. Armed Forces Recreation 3. Employee Services & Recreation Programs 4. Campus Recreation 5. Private Membership Recreation Organizations What is Therapeutic Recreation? Isn’t all recreation therapeutic? TR Models and Process The Leisure Ability Model p. 199 Three components: Functional interventions – Leisure education Recreation participation The Health Protection-Health Promotion Model p.199 Prescriptive activity Recreation
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CASE 9-1: LOW NAIL COMPANY Question 1: Using the EOQ methods outlined in chapter 9‚ how many kegs of nails should Low order at one time? The EOQ formula is: EOQ = √ 2 (annual use in units) (cost of placing an order) / annual carrying cost per item per year = √ 2 (2000) (60) / 2 = √ 120‚000 = 345 kegs per order Note the 2 in the denominator. That is because‚ on average‚ the rented warehouse space is only half full‚ which‚ makes the average warehousing cost per keg be $2. Question 2: Assume
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The following costs were incurred in September: Direct materials $42‚700 Direct labor $29‚400 Manufacturing overhead $27‚300 Selling expenses $23‚600 Administrative expenses $33‚700 Conversion costs during the month totaled: → $56‚700 $70‚000 $72‚100 $156‚700 Conversion cost = Direct labor + Manufacturing overhead = $29‚400 + $27‚300 In September direct labor was 25% of conversion cost. If the manufacturing overhead for the month was $108‚750 and the direct materials cost was $25
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Criteria of Packaging Consumer packaging serves to contain and communicate. A product’s "packaging mix" is the result of several requirements that determine how a package accomplishes those two basic functions A package must: protect the product‚ be adaptable to production-line speeds‚ promote or sell the item‚ increase the product’s density‚ help the consumer use the product‚ provide reusable value to the user‚ satisfy legal requirements‚ and keep packaging-related expenses low. Two classes of
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