PROBLEM SOLVING QUESTIONS (4 points per question) 1. Below are the 2007 and 2008 year-end balance sheets for Tran Enterprises: Assets: 2008 2007 Cash $ 200‚000 $ 170‚000 Accounts receivable 864‚000 700‚000 Inventories 2‚000‚000 1‚400‚000 Total current assets $3‚064‚000 $2‚270‚000 Net fixed assets 6‚000‚000 5‚600‚000 Total assets $9‚064‚000 $7‚870‚000 Liabilities and equity: Accounts payable $1‚400‚000 $1‚090‚000 Notes payable 1‚600‚000 1‚800‚000 Total current liabilities
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THE UTILITY CONCEPT THE term utility refers to satisfaction a consumer gets from whatever goods and services he consumes. It will be useful to discuss between two utility concepts: (i) total utility (ii) marginal utility Total utility attained from a commodity refers to the sum total of satisfaction which a consumer receives by consuming the various units of the commodity. The more units he consumes‚ the greater will be his total satisfaction upto a certain point. As he keeps on
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Managerial Economics Course Assessment 1 Transaction Cost of Economics (TCE) theory is to explain a firm’s structure and TCE’s key features are the determinants of the level of vertical integration. The process that begins with the acquisition of raw materials and ends with the distribution and sale of finished goods and services is known as the vertical chain[i]. A central issue in business strategy is how to organize the vertical chain. TCE‚ which was first contended by Coase in 1937 and developed
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they become more togetherness. In this essay‚ it will describe teamwork experience in Writing course and analyses problems and the solutions that the teamwork met. In the writing course‚ there was an assignment to let the group to discussion and completed it in limiting time. The students who in this group come from different country and the members didn’t know mutually. One of the problems with the teamwork is‚ however‚ that a lack of communication can happen. For example‚ the students have their own
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Solving 2- step word problem s involving multiplication and any of addition or subtraction I. Learning Objectives Cognitive: Solves 2- step word problems involving multiplication and any of addition or subtraction. Psychomotor: Wrote the solution accurately. Affective: work cooperatively with the group. II. Learning Content Skill: Solving 2- step word problem s involving multiplication and any of addition or subtraction. Reference: BEC – PELC I D 8.1-textbooks Materials: textbook‚ fleshcards
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"Managerial decisions are an important cog in the working wheel of an organisation. The success or failure of a business is contingent upon the decisions taken by managers. Increasing complexity in the business world has spewed forth greater challenges for managers. Today‚ no business decision is bereft of influences from areas other than the economy. Decisions pertinent to production and marketing of goods are shaped with a view of the world both inside as well as outside the economy. Rapid changes
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com/capacity/ [Accessed: 23 April 2014]. Cruisemarketwatch.com‚ 2014. Cruise Growth | Cruise Market Watch. [online] Available at: [Accessed: 22 April 2014]. Griffin Consulting Group (2014). Carnival Corporation Strategy [online] Available at: http://economics-files.pomona.edu/jlikens/SeniorSeminars/Likens2012/reports/Carnival [Accessed: 24 April 2014] Harvard Business Review (2010) Lines‚ C.‚ 2014. [online] Carnival Cruise Lines. Available at: [Accessed: 22 April 2014]. Phx.corporate-ir.net‚ 2014. Carnival
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PBL 3 GSM 5000 MANAGERIAL ECONOMICS You have been appointed as a member of a consultation team who is working on this very important assignment for a soft drink company. The main task is to evaluate factors affecting the soft drink consumption. Therefore‚ you should revise the knowledge of demand analysis and carry out an investigation on the possible determinants of the demand for the product. The consultant should also describe the methodology of a multiple linear regression and its purpose
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chapter 1. introduction to managerial economics 1. what is managerial economics? Managerial economics = the science of directing scarce resources to manage effectively → each needs to understand how they can influence the demand through price and advertising‚ what is the best organizational architecture and how to compete Differences between ‘new’ and ‘old’ economy * Network effects in demand = the benefit provided to any user depends on the
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Computational modeling‚ problem solving strategy & FDM approach in CFD aMunish Gupta‚ bGulshan Sachdeva. cKinshuk Kalia‚ dAnkur Puri. a‚ b: Lecturer‚ Department of Mechanical Engineering. c‚ d: U.G students‚ Department of Mechanical Engineering. Guru Jambheshwar University of Science & Technology‚ Hisar‚ Haryana. ________________________________________________ ABSTRACT With so much development in numerical methods‚ the field of computational mechanics has become
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