why ride-sharing services have gained in popularity the financial considerations relevant to your decision the nonfinancial considerations relevant to your decision
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- Uberand Lyft are two popular ride-sharing services. Imagine that you are visiting Ne\w York City for a family vacation. You are trying to decide whether to use one of these ride-sharing services to get around the city or rent a car and drive yourself. Considering the perspectives of the passengers (your family), the drivers, and the company (Uber or Lyft), explain the following:
- why ride-sharing services have gained in popularity
- the financial considerations relevant to your decision
- the nonfinancial considerations relevant to your decision
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- When designing a study on sharing economy, we have the following research hypotheses for Airbnb: H1: The main reason to use Airbnb’s services is to get to know the life of theinhabitants of a given country. H2: The consumer, having a choice of Airbnb and a hotel—assuming the sameprice—will choose Airbnb. H3: People who use Airbnb’s services most often are people under 30, on lowincomes, solo travellers. Prepare a fragment of the questionnaire (6 questions) that will verify the above hypotheses statements. Be sure to indicate the type of question (i.e. open ended, scale, matrix, rating, etc.)Ms. Faye Santos is an accounting major at a Midwestern state university located approximately 60 miles from a major city. Ms. Faye Santos is an accounting major at a Midwestern state university located approximately 60 miles from a major city. Many of the students attending the university are from the metropolitan areas and visit their homes regularly on the weekends. Faye, an entrepreneur at heart, realizes that few good commuting alternatives are available for students doing weekend travel. She believes that a weekend commuting service could be organized and run profitably from several suburban and downtown shopping mall locations. Faye has gathered the following investment information. Five used vans would cost a total of $75,000 to purchase and would have a three-year useful life with negligible salvage value. Faye plans to use straight-line depreciation. Ten drivers would have to be employed at a total payroll expense of $48,000. 3. Other annual out-of-pocket expenses…I.M. Aruban has a sandwich shop in a downtown business district. Several ofhis customers have said that they would purchase from his shop more oftenif he offered a delivery service. I.M. is considering establishing a deliveryservice to meet the needs of his market. He believes that he will have to purchasea fax machine, install a new phone line for the fax machine, purchasea delivery van, and hire at least one delivery person. I.M. asks your advice indetermining whether he should take on the delivery service venture.a. What steps would you recommend that I.M. use in reaching a profitabledecision?b. Explain to I.M. what each step involves.
- Choose A, B, C, or D. Martin’s number one financial goal is to buy a car. The first step he should take in making this consumer purchase is to A : evaluate whether he can afford to buy and own a car. B : get preapproval from his bank for a car loan so that he can negotiate more effectively with car dealers. C : research all the different types of cars that might meet his needs to determine their safety, reliability, and fuel economy. D : evaluate whether he needs a car and, if so, what type of car he needs.A software company in Barbados is organizing a competition, inviting business ideas that promote the use of smartphone technology to conduct business. You enter your business plan, an initiative to involve unemployed teenagers and young adults from local communities to generate business and employment, and it was so well received that you were awarded a special prize of 50,000 Barbados dollars. You plan on using your prize money to implement your idea. Identify key decisions you need to make, the information you require to make these key decisions, and the five major business processes you need to engage in. b. Identify the external parties with whom you would need to exchange information and specify the information you will receive from these parties and the information that you will send to these parties.Lon Timur is an accounting major at a midwestern state university located approximately 60 miles from a major city. Many of the students attending the university are from the metropolitan area and visit their homes regularly on the weekends. Lon, an entrepreneur at heart, realizes that few good commuting alternatives are available for students doing weekend travel. He believes that a weekend commuting service could be organized and run profitably from several suburban and downtown shopping mall locations. Lon has gathered the following investment information. 1. Five used vans would cost a total of $75,551 to purchase and would have a 3-year useful life with negligible salvage value. Lon plans to use straight-line depreciation. 2. Ten drivers would have to be employed at a total payroll expense of $48,300. 3. Other annual out-of-pocket expenses associated with running the commuter service would include Gasoline $16,200, Maintenance $3,300, Repairs $3,800, Insurance…
- Rahul is an intern at a retail store. Store accountant is trying to talk the owner and is trying to convince him to purchase an integrated enterprise system (IES) for small businesses. The owner thinks the accountant is just trying find a way to charge more service fee. On what basis would Rahul convince the owner that each piece of the integrated enterprise system would help the business?A country club wants to exam the effects of a new marketing campaign that attempts to get more people within the community to become members. In many communities, when people buy a house in the area, they receive a “Welcome Wagon” gift basket containing coupons to local restaurants. The idea of the marketing campaign is to include a free two month membership to the country club in the gift basket with the hope that once “new” residents try the country club then at least a certain proportion will want to become real members. One member of the Club’s Executive Council believes that at least 81% of the people who receive the coupons for the free membership will use the coupon. In a sample of 192 new residents who received the coupon for the two month free membership, there were 138 people who actually took advantage of the free two month membership. When testing the hypothesis that at least 81% of the people that receive the coupon actually use it, what is the test statistic?Once upon a time, there was an amazing group of students who studied at Cronfwoman University. News had spread about how good these students were – both at school work, and at working with each other. They chit‐chatted with their neighbors in class, collaboratively worked with them and shared many a smiles with them. The amazing students were approached by an investor, Ms Finn Ance Major, who asked for their help. The investor was contemplating setting up a Sandwich Shop at the University and wondered if that was a good investment. What is your recommendation to Ms Finn Ance Major? Here is some information to get you started: 1. The Sandwich Shop will sell made‐to‐order cold and hot sandwiches, and non‐alcoholic beverages only 2. The University has an intake of 6,000 students for the 3‐year Undergraduate program and 1,000 students for the 2‐year Master’s Program per year 3. There are a 4 other food options on campus – but none of these offer sandwiches 4.…
- Which of the following scenarios illustrates entrepreneurship? a) Harry lives on the beach in an old VW bus. He spends his days surfing, and whenever he needs money, he simply opens his case and plays his guitar beside the boardwalk. b) Tommy works for the Bureau of Land Management but paints house exteriors on the side for extra money. He regularly tells his boss to take a hike because he hates his job. c) Mason is a banker who has been working at the same branch for 30 years. He enjoys swing jazz and World War I documentaries, as well as the security he is afforded by his position. d) Jill holds a BS in business and another in landscape architecture. While she works at a coffee shop to make ends meet, she cannot stop herself from staying up late into the night researching the landscape architecture industry and making a strategy.What finances do you need to have to achieve getting somewhere with Cosmetology? For instance to build your own salon?GradFi is a startup that aims to use the power of social communities to transform the student loan market. It connects participants through a dedicated lending pool, enabling current students to borrow from a school's alumni community. GradFi's revenue model is to take an upfront fee of 60 basis points (0.60%) each from the alumni investor and the student borrower for every loan originated on its platform. GradFi hopes to go public in the near future and is keen to ensure that its financial results are in line with that ambition. GradFi's budgeted and actual results for the third quarter of 2017 are presented below.