Econ 2

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DUE 1/26/17 @ 10PM CST IN APA FORMAT write 600–800 words

Additional Information: The board of directors at AutoEdge is actively discussing several options to address flagging revenue. One option continues to surface during each board meeting; that is, relocating the manufacturing operation back to the United States. Longtime Chief Financial Officer, Ingrid Adams, leads the group that is in favor of this option.

Ingrid Adams approaches you in the company break room.

“Hello,” she says. “I’m glad I saw you.”

“Hi,” you say. “What can I do for you?”

“I have a question about economics,” she says. “I think you can help me explain something to some shareholders on the board.”

“Economics! My favorite subject,” you say. “What’s your question?”

“If AutoEdge decided to increase its prices and return to the United States,” she says, “how would this action affect consumer demand? I want to know your opinion about elasticity.”

“Sure,” you say. “So you want to know if the elasticity for auto parts is considered to be relatively inelastic, relatively elastic, unitary elastic, perfectly elastic, or perfectly inelastic. Right?”

“Exactly,” she says.

“I have an opinion,” you say. “Do you want to talk about it now, or do you want something in writing?”

“Something in writing would be best,” she says. “Would you explain your opinion so that I can respond to questions from other members of the board, too?”

“I’d be glad to,” you say. “I’ll put something together this afternoon and get it to you before I leave today. Is that soon enough?”

“Perfect,” she says. “Thanks for your help.”

Excel Case study

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I don’t understand this Excel question and need help to study.

Please read the case below and solve it in Excel

after the excel do a powerpoint and add screenshots and short explanation for each step you did! “one screenshot for each slide, slides numbers depend on the steps you did in Excel” maximum slides is 7 slides only!

theres an example in the attachments file!

The grading rubric is in the attachments also!

RISK ANALYSIS CASE

ESTABLISHING A PERFORMANCE MANAGEMENT OFFICE

Introduction

An individual was recently hired as an organization’s new Chief Information Officer (CIO).
This is a large IT organization, and has two sites of about 50 people each where software is developed continuously throughout the year. Much of this software is enhancements to reflect changing government regulations, laws, company policies, and customer requirements, and much of this software is new development. The IT organization also has cybersecurity, hardware, and help desk components. After being in the office for a few weeks, he realizes that although the IT team is very talented in their technology, the operation of the business side of the IT organization needs significant improvement.

The CIO wants to consider establishing a Performance Management Office (PMO). This office would be tasked to measure the return on investment of IT investments, to measure the quality of software, to perform internal audits to ensure that software development money is being spent wisely, measure productivity rates of project teams, measure the CIO’s contribution to the organization’s Strategic Plan, collect and publish IT statistics, etc. The proposed organizationwill include a PMO manager, a senior Operations Research (Analytics) Analyst, a senior Business Case/Financial Analyst, and an experienced Admin Assistant. The purpose of this case study is to recommend to the CIO a 95% confidence interval for the first year costs of running the kind of PMO he is considering. Assume that the PMO people needed have been identified from the parent organization and would start together at the start of the calendar year.

When building the risk analysis model, assume that all probabilistic costs are modeled by the PERT method.

Office Space

Existing organizational office space will be used, so there will be no expense incurred for this.

Salaries

Those forming the PMO would retain their current salaries. The PMO manager salary is $160,000, the Operations Research Analyst salary is $145,000, the Business Case/Financial Analyst salary is $130,000, and the Admin Assistant salary is $85,000. The Admin Assistant is

senior to the position and may leave the PMO due to promotion at any time after the PMO is started up. The replacement salary could run anywhere between $67,500 and $82,500. Staff performance awards are expected to be $8300, with a range of between $6000 and $9000.

Travel Expenses

There are two software development sites. One is on the main property of where the PMO will be located, and the other is about 100 miles away. There is a standard automobile mileage rate, which is $.465 per mile. There is a daily per diem travel expense of $172 for that location which includes meals, personal items, and hotel room. The PMO Manager probably will make between 7 and 12 trips to the offsite location, expecting to make 10 trips. These trips will take an average 3 days each. The Operations Research Analyst will make between 5 and 10 trips to the off-site location, expecting to make 6; these should average 2 days each. The Business Case/Financial Analyst probably will make between 5 and 10 trips to the off-site location, expecting to make 7; these trips should average 2 days each. The Admin Assistant is not expected to make any trips to the off-site location.

Training/Conferences

All organizational employees are expected to attend about two weeks of conference or training session annually for professional development. These are usually out of town. Although there may be multiple sessions to take up all or most of the two weeks, each session should cost (tuition/conference fees) an average of $2200. Travel expenses (air fare, taxi, etc.) average $550 per trip. Trip lengths should average 5 days. The PMO Manager will take between 0 and 2 sessions, most likely taking 2. The Operations Research Analyst will take either 1 or 2 sessions, expecting to take 2; the same goes for the Business Case/Financial Analyst.

The Admin Assistant will usually obtain professional development locally, with a travel reimbursement of $14 for each leg of the trip each day. Therefore, there is no other per diem expense incurred. Tuition/conference fees should average $1850. The number of sessions should be 2. The number of days per session should run 2 days.

New Software

Several version of a new software type are currently being tested, and will be bought during the forecast year. Each version will be installed at 4 seats in the PMO, and costs range from a low of $450, to a high of $1000, with an expected cost of $650.

Requirements

1. Recommend to the CIO a 95% confidence interval for the first year costs of running the kind of PMO his is considering. Develop a spreadsheet showing all logic and calculations.

2. Also explain why this probabilistic approach was used instead of the traditional single estimate for each line item and the added value it brings.

3. Upload two documents into Canvas. One is the spreadsheet with your forecast model, and the second is a Word file with the answer to question 2 and any further explanatory material for the model. Explain your decision(s) on how to interpret any “gray areas” in the model.

Write a report in APA format

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I need support with this Business question so I can learn better.

You are the Director of Research & Development for a large firm that produces biomedical equipment. In order to remain competitive, you need to determine if you should redesign existing products, or scrap some product lines and develop entirely new products. Use concepts such as synectics, paradigm breakthroughs, techniques of creative problem-solving such as storyboarding, scenario writing, etc. to develop a plan for your company to remain competitive. You have much flexibility in answering this assignment. Please justify your response using your textbook, LIRN-based research, and the Internet.Please write a report in 4-5 pages report in APA format with a minimum of 6 peer reviewed sources.

the concept of Tokenization. Three important protocols discussed were Secure Multi-Party Computation (SMPC), Policy-Backed Token (PBT) and Open Asset Protocol (OAP). Compare and contrast these three

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the concept of Tokenization.  Three important protocols discussed were Secure Multi-Party Computation (SMPC), Policy-Backed Token (PBT) and Open Asset Protocol (OAP).  Compare and contrast these three protocols and explain which industries can benefit the most from each of these protocols.

Please make your initial post and two response posts substantive. A substantive post will do at least two  of the following:

  • Ask an interesting, thoughtful question pertaining to the topic
  • Answer a question (in detail) posted by another student or the instructor
  • Provide extensive additional information on the topic
  • Explain, define, or analyze the topic in detail
  • Share an applicable personal experience
  • Provide an outside source that applies to the topic, along with additional information about the topic or the source (please cite properly in APA)
  • Make an argument concerning the topic.

At least one scholarly source should be used in the initial discussion thread. Use proper citations and references in your post.

With respect to the given data of Problem 11, (a) find the publisher’s breakthrough in printing, the publisher was able to lower its TFC to $40,000….

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12. With respect to the given data of Problem 11, (a) find the publisher’s breakthrough in printing, the publisher was able to lower its TFC to $40,000. Draw a chart showing your answer. (b) Find the publisher’s breakeven output and the output that would lead to a total profit of $60, 000 if total fixed costs remained at $100,000 but average variable costs declined to $10. Draw a chart to show your answer. (c) Find the breakeven output at which the publisher earns a profit of $60,000 if the publisher’s total fixed costs remained at $100,000 and its average variable costs at $20 but the publisher charged a price of $40. Draw a chart showing your answer.

Break even Q= TFC/ (P-AVC)a.TFC= 40000P=30AVC= 20Q= 4000/(30-20)= 400 unitsFor a chart we need data on output as well. This is not given by you.BProfits= TR-TFc-TVC= 30Q-10000-10*Q =60000…

Law case help

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I’m studying for my Law class and need an explanation.

Hi there,

Please see the attached for the document. I need help from chapter 1 to 6 and write case summary for each case. Please include four parts in the case.

The summary of the case

facts: who suing whom and for what

Issue: a legal question which is the foundation of a case. It requires a court’s decision.

Holdings: a court’s determination of a matter of law based on the issue presented in the particular case.

Please keep all the cases to one file.

intro to research

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you have 5 hours to answer question 1 to 3. each questions 1 to 3 sentances (not an essay or parghraph) answer them from (6) files that I uplode:

Respond to the following briefly AND clearly:

1.  describe basic experimental design?

2.  explain time series analysis or factorial design?

3.  Identify one threat to experimental design validity?

assume an econoland produces haircuts and shirts with input of labour hour.Econoland has 1000 labour houravailable.A haircuts requires 1/2…

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assume an econoland produces haircuts and shirts with input of labour hour.Econoland has 1000 labour houravailable.A haircuts requires 1/2 hour,shirta requires 5 hours. illustrait the PPF of econoland

2-3 PAGES DUE MIDNIGHT TODAY

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  1. Answer the assignment questions directly.
  2. Stay focused on the precise assignment questions. Do not go off on tangents or devote a lot of space to summarizing general background materials.
  3. For computational problems, make sure to show your work and explain your steps.

Part A: Conceptual questions

  1. Suppose you own a pet shop.  Your sales are decent but a marketing consultant tells you that you could increase your sales and be able to charge a higher price if you spend some money on local television ads.  If the consultant is right, will advertising lead to an increase in quantity demanded?  Or a shift in the demand curve?  Both?  Neither?  Explain your answer and make sure to cite at least one of the required readings in your answer.
  2. You are the owner of a furniture factory.  You normally produce 100 pieces of furniture a day because that is how much you can produce given the amount of qualified workers in your town and the amount of reasonably priced wood that you can purchase locally.  Then one day you get an order from a large national retail chain who wants to purchase 200 pieces of furniture a day from you.  You are hesitant, as you will have to pay higher wages to get some qualified workers to move to your town.  You also will need to pay higher prices for wood because you will no longer be able to rely solely on local suppliers and will have to spend more on shipping wood from other towns.  But you drive a hard bargain and the retail chain agrees to pay one and a half times your normal price.  Does this situation describe a change in quantity supplied?  A shift in the supply curve?  Both?  Neither? Explain your answer and make sure to cite at least one of the required readings in your answer.
  3. Suppose marijuana has just been legalized in your state.  Nobody in your home town wants to start a marijuana business, as this would be too much of a stigma.  But being an MBA student, you know a good business opportunity when you see one and decide to take a stab.  Shortly after starting up your business, you gain a loyal following of customers and start raking in some steep profits.  However, the local government decides that they want a cut of your profits and starts charging a 20% sales tax on marijuana.  Do you think this would lead to a 20% or greater loss in sales?  Do you think marijuana in this situation would be facing inelastic or elastic demand?  Explain your reasoning, and make sure to cite at least one of the required readings regarding elasticity.

Part B Quantitative Problem

Suppose the demand function for a new smartphone can be expressed as QD =  1000 – 1.5P with QD being quantity demanded and P being price.  The supply function can be expressed as QS = 50 + 2P

Fill out the following table using the above equations:

Now answer the following questions:

  1. What is the equilibrium price?  You can compute this either using Microsoft Excel, or by using algebra from the equations above and solving for a price where quantity supplied equals quantity demanded. Show your work by either showing the algebra steps or by showing how you used Excel to calculate.
  2. Suppose the supply function changes to 100 + 2P.  What is the new equilibrium? Show your work by either showing the algebra steps or by showing how you used Excel to calculate.