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- Answer the following questions. Make sure to number your answers when you upload your response. Suppose Alphonso’s town raised the price of bus tickets to $2.50 per trip (while the price of burgers stayed at $3.50 and his budget remained $11.50 per week.) Draw Alphonso’s new budget constraint. What happens to the opportunity cost of bus tickets? Suppose Alphonso’s town raises the price of bus tickets from $2.50 to $5 and the price of burgers rises from $3.50 to $7. Why is the opportunity cost of bus tickets unchanged? Suppose Alphonso’s weekly spending money increases from $11.50 to $23. How is his budget constraint affected from all three changes? Explain. Use this information to answer the following 4 questions: Marie has a weekly budget of $24, which she likes to spend on magazines and pies. If the price of a magazine is $4 each, what is the maximum number of magazines she could buy in a week? If the price of a pie is $12, what is the maximum number of pies she could buy in a…Paraphrase this one. Analyze and elaborate in 120 words. Time series analysis is used for non-stationary data—things that are constantly fluctuating over time or are affected by time. Industries like finance, retail, and economics frequently use time series analysis because currency and sales are always changing. Stock market analysis is an excellent example of time series analysis in action, especially with automated trading algorithms. Likewise, time series analysis is ideal for forecasting weather changes, helping meteorologists predict everything from tomorrow’s weather report to future years of climate change. Examples of time series analysis in action include: Weather data Rainfall measurements Temperature readings Heart rate monitoring (EKG) Brain monitoring (EEG) Quarterly sales Stock prices Automated stock trading Industry forecasts Interest ratesThe IMA definition of management accounting states thata. management accounting is the process of gathering, reporting, and analyzing information for management decision making.b. management accounting is a profession that involves preparation and analysis of cost information,budgeting, and performance measurement and analysis to assist managers in decision making.c. management accounting involves partnering in management decision making, planning, and performance measurement to assist in the formulation and implementation of an organization’s strategy.d. management accounting is a set of practices in which accountants, working within companies,help managers to make better decisions based on accurate financial information.
- Finally, due to budget constraint, your inititial budget of $100,000 has been reduced to $75,000. SET YOUR CONSTRAINTS, DECIDE WHICH AREAS/TASKS BUDGET TO BE ADJUSTED AND USE EXCEL SOLVER TO CREATE YOUR FINAL BUDGET. Submit your plan and your reasoning behind the decisions and why your plan will make the event a success. Excel spreadsheet must show the distribution of your initial budget of $100,000 and your final budget of $75,000 with the constraints you set. Use the the excel spreadsheet image and show constraints.We all hate to keep track of small change. By us-ing random numbers, it is possible to eliminate the need for change and give the store and the customera fair deal. This problem indicates how it couldbe done.a. Suppose that you buy something for $0.20. Howcould you use random numbers (built into the cashregister system) to decide whether you should pay$1.00 or nothing?b. If you bought something for $9.60, how wouldyou use random numbers to eliminate the need forchange?c. In the long run, why is this method fair to both thestore and the customers? Would you personally (asa customer) be willing to abide by such a system?Write “True” if the statement is true and write “False” if the statement is false.1. With the emergence of the information era, companies need to create value from theirintangible assets as well as their physical and financial assets.2. The primary purpose of balanced scorecard is to obtain increased operating profits for thecurrent year.3. To achieve success, it is important to set non-financial objectives as well as financial objectives.4. Different value propositions lead to different balanced scorecards.5. A properly constructed balanced scorecard tells the story of a business unit’s strategy.6. Strategy is about selecting the set of activities in which the organization will excel to create asustainable difference in the market.7. The vision and mission statement set the general direction for the organization.8. To create the balanced scorecard, first measures are identified and then translated intoobjectives.9. One valuable measure for the customer perspective of the balanced…
- The model in Example 9.3 has only two market outcomes, good and bad, and two corresponding predictions, good and bad. Modify the decision tree by allowing three outcomes and three predictions: good, fair, and bad. You can change the inputs to the model (monetary values and probabilities) in any reasonable way you like. Then you will also have to modify the Bayes rule calculations. You can decide whether it is easier to modify the existing tree or start from scratch with a new tree.McKinsey 7S Model is a strategic assessment and alignment model. The 7S modelportrays seven elements of an organization as shown below:(a) Define each of these elements within the context of an organization (b) These elements are divided into two categories. Name the two categoriesI need help with everything, please. Formulate the problem and submit formulation - no need to solve. 1. An investment advisor at Shore Financial Services wants to develop a model that can be used to allocate investment funds among four alternatives: stocks, bonds, mutual funds, and cash. For the coming investment period, the company developed estimates of the annual rate of return and the associated risk for each alternative. Risk is measured using an index between 0 and 1, with higher risk values denoting more volatility and thus more uncertainty. Because cash is held in a money market fund, the annual return is lower, but it carries essentially no risk. The objective is to determine the portion of funds allocated to each investment alternative in order to maximize the total annual return for the portfolio subject to the risk level the client is willing to tolerate. Total risk is the sum of the risk for all investment alternatives. For instance, if 40% of a client’s funds are…
- Chapter 20 3. Compare and contrast the difference between the retrospective analytics approachand the predictive analytics approach to data analytics. Chapter 21 4. Knowledge of statistical and mathematical terms is very important in finance. Explain the difference in the field of mathematics and the discipline of statistics. Chapter 22 5. Organizations determine whether to take on debt and how much to take on are common and necessary parts of financial planning. Explain the sources of capital that are available to an organization to obtain funds. Chapter 23 6. Explain why an organization should buy or lease when purchasing equipment.I need help with d, e, and f. I already did a, b, and c. You do not need to use Solver or solve the problems. Just respond to the problem questions using the outputs provided in the problem. A picture in the attach image is a complete question. 1. Recall the Innis Investments problem (Chapter 2, Problem 39). Letting S= units purchased in the stock fund M= units purchased in the money market fund leads to the following formulation: Min 8S + 3M s.t. 50S + 100M≤ 1,200,000 funds available 5S + 4M≥ 60,000 Annual income M≥ 3,000 Units in money market S, M≥ 0 a. What is the optimal solution, and what is the minimum total risk? Already did this part b. Specify the objective coefficient ranges. Already did this part c. How much annual income will be earned by the portfolio? I also did this part too d. What is the rate of return for the portfolio? e. What is the dual value for the funds available constraint? f. What is the marginal rate of…Paraphrase this one. Analyze and elaborate in 120 words. Predictive analytics involves a statistical approach called regression, which helps us uncover connections between different factors. This technique is valuable for spotting trends within extensive sets of information and figuring out how various inputs relate to each other. It shines brightest when dealing with continuous information that follows an established pattern. Regression frequently comes into play when we want to understand the impact of one or more independent factors on another. For instance, it aids in grasping the effect of raising prices on product sales. This tool holds the key to unraveling hidden insights in data that might otherwise remain unnoticed.