Economics Assignment - 6708 Words

Chapter: 5 Question: Categorize each seller below on the basis of the type of market it operates in. Explain each of your answers: a. A Cattle farmer b. A Computer market c. A picture framing shop is a large metropolitan area. d. A seller of Canadian dollars in a foreign currency markets. e. A life insurance company f. A liquor store in a remote village g. A visual Artist h. A Country that produces a valuable radioactive mineral found in no other part of the world. Answer to the question no. 1 a. A Cattle farmer This is a Perfect Competition Market. There are many sellers and buyers, product is standardized and there are almost no entry or exit barriers. b. A Computer market Monopolistic Competition Market: Computer†¦show more content†¦We can find this point at the graph, the highest point in the graph. And the corresponding output is the vertically downward on the horizontal axis. Answer to the question no. 4.a 1 2 3 4 5 6 7 8 9 10 Price, $/kg Quantity, kg/Day Total Revenue $ Fixed Costs $ Variable Costs $ Total Costs $ Average Fixed Cost, $/kg Average Variable Cost, $/kg Average Cost, $/kg Marginal Cost, $/kg 0.80 90 72.00 400 55 455 4.44 0.61 5.05 0.61 0.80 220 176.00 400 110 510 1.82 0.50 2.31 0.42 0.80 307 245.60 400 165 565 1.30 0.52 1.83 0.63 0.80 360 288.00 400 220 620 1.11 0.61 1.72 1.03 0.80 385 308.00 400 275 675 1.04 0.71 1.74 2.20 0.80 400 320.00 400 330 730 1.00 0.82 1.82 3.60 Answer to the question no. 4.b Fisherman’s Marginal Cost, Average Fixed Cost, Average Variable Cost and Average Cost Curve. Answer to the question no. 4.c In the following table Marginal Revenue and Marginal Cost is at the closest relation at the output quantity of 307kg. And at this point Average cost is higher than Price. So the fisherman’s loss minimization quantity of output is 307. At this output quantity fisherman’s total loss is $319 ($246-$565). Price, $/kg Quantity, kg/Day Total Revenue $ Fixed Costs $ Variable Costs $ Total Costs $ Average Fixed Cost, $/kg Average Variable Cost, $/kg Average Cost, $/kg Marginal Cost, $/kg Marginal Revenue 0.00 0 400 0 400 0.80 90 72 400 55 455 4.44 0.61 5.05 0.61 0.80 0.80 220 176Show MoreRelatedEconomics For Business Assignment : Economics1362 Words   |  6 PagesEconomics for business assignment This is a two sided argument which needs complex and in-depth analysis to make a final judgement. The degree of government intervention may depend on many factors affecting the economy as a whole, a specific market and the businesses operating within it. The nature of different government regulations may have a restrictive nature, however some government action may have a beneficial effect on business activity and positively impact their objectives. 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Thinking Errors Found and Fixed Free Essays

The Franklin Reality Model is a modeling technique that works to restructure thinging errors by way of cognitive thinking. Process is a step by step process where as you have a decision to make and you are given a few decisions, you make the one that you think will work, for whatever reason. Step two of this process is deciphering what effects come about from that decision, effectively you will begin to see a ripple effect based upon your choice. We will write a custom essay sample on Thinking Errors Found and Fixed or any similar topic only for you Order Now This ripple effect can be positive or negative, once again depending upon your choice but the technique gets one to thinking about the simple effects of what seems to be a simple solution until they learn to start thinking ahead about their actions before they act. To live, to love and be loved, to feel important, and variety are the basic components of this model. There are also seven natural laws within this model and they are 1. If the results of your behavior do not meet your needs, there is an incorrect principle on your belief window. 2) Results take time to measure. 3) Growth is the process of changing principles on your belief window. 4) If your self-worth is dependent on anything external, you are in big trouble. 5) Addictive behavior is the result of deep and unmet needs (of the four human needs mentioned above). 6) The mind will naturally seek harmony when presented with two opposing principles. 7) When the results of your behavior do meet your needs you experience inner peace. (Franklin Reality Model) In this model we place principles upon our beliefs. For example Saving money is a waste because I’m going to spend it anyway is a belief on a principle. With this thought then you can be assured that you won’t save any money and there will come a time when a repair on a vehicle is needed, or you lose a job and have no money to pay your bills; when this happens then what? This model has been effectively used and has effectively altered people’s way of thinking. Those with behaviorial issues to those with addiction issues have benefitted from this and the developers of this program use it with a high rate of recidivism within the prison systems. This gets to the root of an issue, of a bad thought pattern, how can one ignore this and at least not try. It is an eye opener exercise for everyone. References FRANKLIN REALITY MODEL. AS COGNITIVE RESTRUCTURING. 1986. http://www. gwcinc. com/C_Reddick/FranklinRealityModelAsCognitiveRestructuring. htm How to cite Thinking Errors Found and Fixed, Papers

Stock Based Compensation

Question: Discuss about the Stock Based Compensation? Answer: 1: Total net income $ in million rate forfeited amount $ in million forfeited expenses 2014 Restricted Stock 10% 25 25% 6.25 26 25% 6.5 27 25% 6.75 28 25% 7 Total 26.5 Forfeited Expense $ 2.65 million The company forfeited 25% every quarter. The forfeited expense rate is 10% per year. So it is calculated 25% of the total amount is forfeited amount and 10% of the forfeited amount is forfeited expense. 2: item Compensation rate Net Compensation Options 75000 20% 60000 2014 Restricted Stock 84000 10% 75600 2015 Restricted Stock 166000 20% 132800 The number of restricted share in 2014 is 84000 and in 2015 are 166000. The forfeited expense rate is 10% and 20% respectively. The total compensation is the difference between total numbers of share forfeited expenses rate. 3: 2014 price per share amount in million $ Number of option stock 75000 12 900000 number of restricted share 84000 12 1008000 Total 1.908 Actual forfeited amount in 2014 2.65 Difference 0.742 4: Journal entry $ amount total number of share 500000 forfeited share 125000 face value 1 application money 0.25 allotment money 0.25 first call money 0.25 final call money 0.25 journal entry Dr. Cr. share capital A/C Dr. 125000 To share allotment A/c 31250 share first call A/C 31250 share final call A/C 31250 Forfeited A/C 31250 share capital A/C Dr. 125000 To share first call A/C 31250 share final call A/C 31250 Forfeited A/C 62500 share capital A/C Dr. 125000 To share final call A/C 31250 Forfeited share A/C 93750 share capital A/C Dr. 125000 To Forfeited A/C 125000 5: item Compensation rate Net Compensation Expense Expected Remaining Options 75,000 20% 60,000 25,000 35,000 19 2014 Restricted Stock 84,000 10% 75,600 50,000 25,600 12 2015 Restricted Stock 1,66,000 20% 1,32,800 80,000 52,800 7 Monthly Janurary15 Feburary15 March15 April -15 May-15 June-15 July-15 1,842 1,842 1,842 1,842 1,842 1,842 1,842 1,842 2,133 2,133 2,133 2,133 2,133 2,133 7,543 7,543 7,543 7,543 7,543 7,543 7,543 7,543 Total 11,518 11,518 11,518 11,518 11,518 9,385 9,385 Total x months until vesting 11,518 23,037 34,555 46,073 57,591 56,310 65,695 Auguest-15 September-15 October-15 November-15 December-15 1,842 1,842 1,842 1,842 1,842 1,842 1,842 1,842 1,842 1,842 14,737 16,579 18,421 20,263 22,105 Total of row 12 3,86,884 Total Expected to be recognized 1,13,400 Weighted-average period 3.41 Years Reference List Kieso, D., Weygandt, J. and Warfield, T. (2012). Intermediate accounting. Hoboken, NJ: Wiley. Libby, R., Libby, P. and Short, D. (2011). Financial accounting. New York: McGraw-Hill/Irwin. Media, B. (2013). CFA Navigator - Level 2 Question Bank. London: BPP Learning Media. North, C. and Caes, C. (2012). The stock market. New York, NY: Rosen Pub