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- Our agriculture industry is incredibly important since it provides our food. Unfortunately, some of the practices currently being used in the industry are not very sustainable from an environmental perspective. As our population grows, and so does our food demand, it is becoming increasingly important that we manage this industry in a sustainable way. Assume a local farmer normally brings in crop revenues of $100,000/year. Erosion causes a 1% loss in yield each year. How does the discount rate affect the farmer's decision of whether or not to utilize erosion control methods?Darren Mack owns the Gas n’ Go convenience store and gas station. After hearing a marketing lecture, he realizes that it might be possible to draw more customers to his high-margin convenience store by selling his gas at a lower price. However, the Gas n’ Go is unable to qualify for volume discounts on its gas purchases, and therefore, cannot sell gas for profit if the price is lowered. Each new pump will cost $95,000 to install but will increase customer traffic in the store by 12,000 customers per year. Also, because the Gas n’ Go would be selling its gasoline at no profit, Darren plans on increasing the profit margin on convenience store items incrementally over the next 5 years. Assume a discount rate of 7%. The projected convenience store sales per customer and the projected profit margin for the next 5 years are as follows: Year Projected Convenience Store Sales Per Customer Projected Profit Margin 1 $5.00 20% 2 $6.50 25% 3 $8.00 30% 4…4. What is a Break-even Point and why do managers calculate it? 5. Branton Electric is considering the purchase of an entire cargo container filled with upgraded utility meters for $20,000. Branton can charge $50 for the installation of each upgraded meter, while the actual cost of the installation would be only $15. How many utility meter upgrades are necessary for Branton Electric to break even on this purchase? (Quick Start #16) 6. What are the advantages and disadvantages of using a conservative strategy of Capacity versus an Aggressive strategy?
- You have a factory that produces light bulbs. Your old machine is costing a lot of money lately inrepairs and you are considering replacing it. You have two offers: You sell each light bulb for $0.40, the discount rate is 12%, and the corporate tax rate 40%.(a) Which machine would you prefer to buy if your annual production is 1,000,000 light bulbs!(b) At what level of production will you change your answer?Suppose the government is considering a policy proposal that would subsidize the consumption of food for needy individuals by 10%. To assess the cost of this policy, you identify the amount spent on food by this group of individuals currently and then take 10% of that amount to be the cost of the policy. According to the Lucas critique, the cost calculated this way would be (choose one) O roughly right. over-stating the cost. understating the cost irrelevant.Corn is an essential commodity in a small Central American country and the government intends to impose a tax on rich consumers in order to subsidize the consumption by the poor. The demands of these two groups are defined by P = 105 - qr and P = 50 - qp, respectively. The supply curve is infinitely elastic at P = 20. a. If the government wants to give a subsidy S = 10 for each unit sold to the poor, how much would the government have to spend? 100 400 300 600 None of the options
- CT Corp. is considering a project that has an up-front cost at t = 0 of P24,000. The project’s subsequent cash flows are critically dependent on whether a competitor’s product is approved by the Food and Drug Administration. If the FDA rejects the competitive product, Mano's product will have high sales and cash flows, but if the competitive product is approved, that will negatively impact Mano. There is a 75% chance that the competitive product will be rejected, in which case Mano's expected cash flows will be P8,000 at the end of each of the next seven years (t = 1 to 7). There is a 25% chance that the competitor’s product will be approved, in which case the expected cash flows will be only P600 at the end of each of the next seven years (t = 1 to 7). Mano will know for sure one year from today whether the competitor’s product has been approved. CT Corp. is considering whether to make the investment today or to wait a year to find out about the FDA’s decision. If it waits a year,…2. The Coldmarket government is considering several excise taxes on wool. They need to generate at least $1,150 in revenue to fund the construction of the fort, but they also wish to minimize the loss of surplus to consumers and producers. They are considering the following excise tax amounts: $1.50 $3.00 $4.50 $6.00Last year, a mother In a small African nation could buy a pound of flour for the U.S equivalent of $1.30. Six months ago, an identical pound of flour costs $3.40. Today she would need $5.60 to buy that pound of flour. This example of the general upward movement of prices is called: a. Deflation b. Inflation c. Supply-side pricing d. Discretionary pricing e. Profit maximization pricing
- Earl Massey, director of marketing, wants to reduce the selling price of his company’s products by 15% to increase market share. He says, “I know this will reduce our gross profit rate, but the increased number of units sold will make up for the lost margin.” Before this action is taken, what other factors does the company need to consider?Darren Mack owns the Gas n’ Go convenience store and gasstation. After hearing a marketing lecture, he realizes thatit might be possible to draw more customers to his high-margin convenience store by selling his gasoline at a lowerprice. However, the Gas n’ Go is unable to qualify for volumediscounts on its gasoline purchases, and therefore cannot sellgasoline for profit if the price is lowered. Each new pump willcost $95,000 to install, but will increase customer traffic in thestore by 1,000 customers per year. Also, because the Gas n’Go would be selling its gasoline at no profit, Darren plans onincreasing the profit margin on convenience store items in-crementally over the next five years. Assume a discount rateof 8 percent. The projected convenience store sales per cus-tomer and the projected profit margin for the next five yearsare as follows: a. What is the NPV of the next five years of cash flows ifDarren had four new pumps installed?b. If Darren required a payback period of four…Darren Mack owns the Gas n’ Go convenience store and gasstation. After hearing a marketing lecture, he realizes thatit might be possible to draw more customers to his high-margin convenience store by selling his gasoline at a lowerprice. However, the Gas n’ Go is unable to qualify for volumediscounts on its gasoline purchases, and therefore cannot sellgasoline for profit if the price is lowered. Each new pump willcost $95,000 to install, but will increase customer traffic in thestore by 1,000 customers per year. Also, because the Gas n’Go would be selling its gasoline at no profit, Darren plans onincreasing the profit margin on convenience store items in-crementally over the next five years. Assume a discount rateof 8 percent. The projected convenience store sales per cus-tomer and the projected profit margin for the next five yearsare as follows:a. What is the NPV of the next five years of cash flows ifDarren had four new pumps installed?b. If Darren required a payback period of four…