Completed ACCT 346 Project for Students v1.5a
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Completed ACCT 346 Project for Students v1.5a

Course Number: ACCT 346, Spring 2012

College/University: DeVry Buckhead

Word Count: 2685

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ACCT 346 Student Name Bravo Baking Company began operations in May of 2010 with the production and sales of specialty breads. The company has experienced a good market demand for its high protein, low carbohydrate product called "Hi-Lo" Hi-Lo's success has required that Bravo continue to make only this one product, however, Bravo's customers, the local retailers, have been asking for more specialty...

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346 Student ACCT Name Bravo Baking Company began operations in May of 2010 with the production and sales of specialty breads. The company has experienced a good market demand for its high protein, low carbohydrate product called "Hi-Lo" Hi-Lo's success has required that Bravo continue to make only this one product, however, Bravo's customers, the local retailers, have been asking for more specialty breads from the company. The decision to expand will be made in the coming weeks. Weekly Assignments: Complete the assigned Tab each week. In each worksheet there are several Green colored cells. These cells must be filled in with your response. Points Points Due Available Earned Tab1) Product vs. Period Costs Week 1 10 10.00 Tab 2) Cost of Goods Manufactured Schedule Week 2 30 30.00 Tab 3) Break Even Analysis Week 3 40 40.00 Tab 4) Incremental Analysis Week 5 40 40.00 Tab 5) Capital Budgeting Week 6 40 40.00 Tab 6) Variance Analysis Week 7 40 40.00 200 200.00 Total ACCT 346 Student Name For Tables A : From the list below, identify if the cost item is a For Table B: From the list below, identify if the cost item is a "Direct "Product Cost" or "Period Cost" by typing "Product" or "Period" in Cost" or "Indirect Cost" by typing "Direct" or "Indirect" in the the appropriate box. 10 points appropriate box. Table A Flour used in baking bread Factory Supervisor Salaries Bakers wages Rent for Executive Offices Sales Commissions Utilities used in the factory Advertising costs Delivery truck costs Paper wrappers for bread Depreciation on bake ovens Eggs, salt, water used for baking Interest on bank loan Factory Insurance Enter either "Product" or "Period" product product product period period product period period product product product period product Table B ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ### Correct ### Flour used in baking bread Factory Supervisor Salaries Bakers wages Factory Insurance Rent for Factory Utilities used in the factory Cleaning Bake Ovens Insurance on Factory Paper wrappers for bread Depreciation on bake ovens Eggs used for baking Small amounts of salt used Factory Maintenance Enter either "Direct" or "Indirect" direct Correct indirect Correct direct Correct indirect Correct indirect Correct indirect Correct indirect Correct indirect Correct direct Correct indirect Correct direct Correct indirect Correct indirect Correct Points 10.00 ACCT 346 Student Name Use the information provided below to prepare the Cost of Good Manufactured Schedule:Bravo had the following costs as of Dec 31, 2010. Enter the correct values in the Green shaded cells. 30 points Table C Materials used in baking bread Bakers wages Rent for Executive Offices Sales Commissions Utilities used in the factory Advertising costs Delivery truck costs Depreciation on bake ovens Interest on bank loan Beginning Inventory Materials Beginning Work in Process Ending Inventory Materials Inventory Purchases Ending Work in Process Other Overhead costs Beginning Finished Goods Inventory Ending Finished Goods Inventory Rent for Factory 32,000 Correct $32,000 36,000 10000 5000 12000 25000 500 250 10,000 8000 4000 26000 2500 1200 7500 6000 7500 Correct Cost of Goods Manufactured Schedule Beginning Work In Process Materials Beginning Inventory Materials $10,000 Plus: Purchases $26,000 Materials Available $36,000 Less: Ending Inventory Materials $4,000 Materials Used Direct Labor Overhead Factory Rent $7,500 Depreciation on bake ovens $500 Utilities used in Factory $5,000 Other Overhead costs $1,200 Total Overhead Total Manufacturing Costs Total Work in Process Less: Ending Work in Process Cost of Goods Manufactured $8,000 Correct ### Correct### Correct### Correct### Correct### Correct### Correct### Correct### $32,000 $32,000 Correct### Correct### Correct### Correct### Correct### Correct### Correct### Correct### Correct### $14,200 $78,200 $86,200 $2,500 $83,700 Complete only the Green cells. Values in Red are from the schedule above. Cost of Goods Sold Schedule Beginning Finished Goods Inventory $7,500 Correct### Beginning Work In Process $8,000 Correct Materials Beginning Inventory Materials $10,000 Correct Plus: Purchases $26,000 Correct Materials Available $36,000 Correct Less: Ending Inventory Materials $4,000 Correct Materials Used $32,000 Correct Direct Labor $32,000 Correct Overhead Factory Rent $7,500 Correct Depreciation on bake ovens $500 Correct Utilities used in Factory $5,000 Correct Other Overhead costs $1,200 Correct Total Overhead $14,200 Total Manufacturing Costs $78,200 Total Work in Process $86,200 Correct Less: Ending Work in Process $2,500 Correct Cost of Goods Manufactured $83,700 Goods Available for Sale $91,200 Correct### Less: Ending Finished Goods Inventory $6,000 Correct### Cost of Goods Sold Schedule $85,200 Correct### Points ### 30 ACCT 346 Student Name Bravo Baking identified the costs below to determine its cost of one unit of product and its monthly operating costs. (TCO 4) Units produced 14,000 Part I Enter your solution in the green cells for each of the following: Table A Materials used in baking bread Sales Commissions Bakers wages Rent for Executive Offices Factory Supervisor Salaries Utilities used in the factory Advertising costs Delivery truck depreciation Depreciation on bake ovens Interest on bank loan Variable Fixed 2.29 0.12 2.29 3,000 3500 0.50 1000 400 0.07 500 Total Costs $5.27 Price Charged per unit Using the costs from Table A compute A) Breakeven units (rounded to 2 decimal places) B) Break-even sales dollars C) Contribution Margin D) Contribution Margin Ratio (enter as % for example 51% or decimal .51) Part II Complete the following requirements A) If Bravo requires a profit of $5,000 how many units must it sell? B) What is the total revenue from A above? C) If Bravo actually sells 8,000 units (Hint: Use Break Even $ from B Above) 1) What is the margin of safety in Dollars? 2) What is the margin of safety percentage? 40 Points 3360.00 Correct $26,107.20 Correct $2.50 Correct $0.32 Correct ### ### ### ### 5360.00 Correct ### $41,647.20 Correct ### $36,052.80 Correct ### 58% Correct ### $8,400.00 $7.77 Total Correct Points 40 ### ACCT 346 Student Name Bravo Baking Co has expanded its product line to include several other specialty breads. The operating results for the last quarter are provided below. (TCO 7) Product Revenues Variable product costs Variable Selling & Administrative costs Contribution Margin Fixed Product Costs Fixed Selling and Administrative Costs Allocated Common Costs Net Income 40 Points Hi-Lo Whole Grain Fruit & Nuts Total $67,575 $31,800 $15,900 $115,275 $27,030 $12,720 $6,360 $46,110 $13,515 $6,360 $3,180 $23,055 $27,030 $12,720 $6,360 $46,110 $5,000 $5,000 $5,000 $15,000 $5,700 $2,850 $2,850 $11,400 $5,000 $2,500 $2,500 $10,000 $11,330 $2,370 ($3,990) $9,710 Required: Bravo wants to know the effect on Net Income if it decides to discontinue the Fruit & Nuts product. If Bravo eliminates Fruit & Nuts 50% of fixed costs can be avoided. Prepare and incremental analysis showing the Net Income Effect of eliminating the Fruit & Nuts product. What would you advise Bravo to do? Using the Table below, compute the Net Income for Bravo Baking after eliminating the Fruit & Nuts product. Product Hi-Lo Whole Grain Fruit & Nuts Total Revenues $67,575 $31,800 $99,375 Correct### Variable product costs $27,030 $12,720 $39,750 Correct### Variable Selling & Administrative costs $13,515 $6,360 $19,875 Correct### Contribution Margin $27,030 $12,720 $39,750 Correct### Fixed Product Costs $7,500 $5,000 $12,500 Correct### Fixed Selling and Administrative Costs $7,125 $2,850 $9,975 Correct### Allocated Common Costs $6,250 $3,750 $10,000 Correct### Net Income $6,155 $1,120 $7,275 Correct### Points ### 40 Based on your analysis, what recommendation would you make about Fruit & Nuts? Explain. Based on the numbers that I see here, even with costs reallocated to the other two itesm, it seems that fruits and nuts still yields almost $2500 more in profits and by removing them that income is lost. My recommendation based on this analysis would be to keep the product. ACCT 346 Student Name Bravo Baking Co is considering replacing an older freezer with a larger unit to freeze some of its bread. The new unit has a larger capacity and Bravo estimates it can produce and sell more bread each year. From these additional sales the annual after-tax cash flow is expected to be $4,000. In addition to more sales, the new freezer will save $1,200 in electricity each year. However, the new freezer will an cost additional $2,000 each year for maintenance. The cost of the new unit is $25,000 and it is expected to last 10 years. The salvage value at the end of its life is $6,000. The old unit is fully depreciated and can be disposed at cost. Determine the Net Present Value of purchasing the new freezer using a required rate of return of 14%. Should Bravo purchase the freezer? Use the format below to complete the NPV computations: Note: Use PV Tables found in the PV tabs in the workbook. Be sure to enter 4 decimal places. Also, be sure to show costs as negative values. Cash Flow PV Factors PV Amounts Cost of new refrigeration unit $25,000.00 1 $(25,000.00) Correct ### After tax cash flow $4,000.00 5.2161 Correct $20,864.40 Correct ### Annual electricity savings $1,200.00 5.2161 Correct $6,259.32 Correct ### Additional annual maintenance costs $2,000.00 5.2161 Correct $(10,432.20) Correct ### Amount collected from disposal of unit $6,000.00 0.2697 Correct $1,618.20 Correct ### Net present value $(6,690.28) Correct ### Points Based on your analysis, what is your recommendation regarding the new freezer? Explain I do not believe we should buy THIS new freezer because at the end of the 10th year we are still owe on the machine. Our IRR is less the the required rate of return. 40.00 ### TCO 9 40 Points ACCT 346 Student Name TCO 10 Erdmann, Amy 40 Points Bravo Baking uses standard costing to analyze its performance. The data below is provided for your use in determining Bravo's variances. Standard Cost per unit Cost /Unit Amount/Unit Standard Cost Material Cost (Ingredients) (.5 lbs) 2.29 .5 lbs $4.58 Direct Labor( .25 hrs * $9/hr) 2.25 .25 hrs $9.00 Overhead 0.57 Total 5.11 During the month, Bravo sold 9,000 loaves of bread and used 4,650 pounds of ingredients. Also during the month, Bravo purchased 5,000 pounds of ingredients at a cost of $22,500. Employees worked a total of 2200 hours and actual labor costs were $19,998 Required: Part a. Compute the material price and quantity variance. Material Price Variance = = ( = 4.50 (400.00) Correct Fav/Unf > - 4,650.00 $687.00 Correct Fav/Unf 9.09 198.00 Correct Fav/Unf > 2,200.00 ($450.00) Correct 4.58 Fav/Unf ) * 5,000.00 fav Correct Material Quantity Variance = = ( = - 4,500.00 ) * 4.58 unf Correct Labor Rate Variance = = ( = - $9.00 ) * 2,200.00 unf Correct Labor Efficiency Variance = = = ( - 2,250.00 ) * 9.00 fav Correct Points 40 ### Present Value of $1 to be Received at the End of N Periods (PVIF) Period 1.00% 2.00% 3.00% 4.00% 5.00% 1.00 0.9901 0.9804 0.9709 0.9615 0.9524 2.00 0.9803 0.9612 0.9426 0.9246 0.9070 3.00 0.9706 0.9423 0.9151 0.8890 0.8638 4.00 0.9610 0.9238 0.8885 0.8548 0.8227 5.00 0.9515 0.9057 0.8626 0.8219 0.7835 6.00 0.9420 0.8880 0.8375 0.7903 0.7462 7.00 0.9327 0.8706 0.8131 0.7599 0.7107 8.00 0.9235 0.8535 0.7894 0.7307 0.6768 9.00 0.9143 0.8368 0.7664 0.7026 0.6446 10.00 0.9053 0.8203 0.7441 0.6756 0.6139 11.00 0.8963 0.8043 0.7224 0.6496 0.5847 12.00 0.8874 0.7885 0.7014 0.6246 0.5568 13.00 0.8787 0.7730 0.6810 0.6006 0.5303 14.00 0.8700 0.7579 0.6611 0.5775 0.5051 15.00 0.8613 0.7430 0.6419 0.5553 0.4810 16.00 0.8528 0.7284 0.6232 0.5339 0.4581 17.00 0.8444 0.7142 0.6050 0.5134 0.4363 18.00 0.8360 0.7002 0.5874 0.4936 0.4155 19.00 0.8277 0.6864 0.5703 0.4746 0.3957 20.00 0.8195 0.6730 0.5537 0.4564 0.3769 21.00 0.8114 0.6598 0.5375 0.4388 0.3589 22.00 0.8034 0.6468 0.5219 0.4220 0.3418 23.00 0.7954 0.6342 0.5067 0.4057 0.3256 24.00 0.7876 0.6217 0.4919 0.3901 0.3101 25.00 0.7798 0.6095 0.4776 0.3751 0.2953 26.00 0.7720 0.5976 0.4637 0.3607 0.2812 27.00 0.7644 0.5859 0.4502 0.3468 0.2678 28.00 0.7568 0.5744 0.4371 0.3335 0.2551 29.00 0.7493 0.5631 0.4243 0.3207 0.2429 30.00 0.7419 0.5521 0.4120 0.3083 0.2314 31.00 0.7346 0.5412 0.4000 0.2965 0.2204 32.00 0.7273 0.5306 0.3883 0.2851 0.2099 33.00 0.7201 0.5202 0.3770 0.2741 0.1999 34.00 0.7130 0.5100 0.3660 0.2636 0.1904 6.00% 0.9434 0.8900 0.8396 0.7921 0.7473 0.7050 0.6651 0.6274 0.5919 0.5584 0.5268 0.4970 0.4688 0.4423 0.4173 0.3936 0.3714 0.3503 0.3305 0.3118 0.2942 0.2775 0.2618 0.2470 0.2330 0.2198 0.2074 0.1956 0.1846 0.1741 0.1643 0.1550 0.1462 0.1379 7.00% 0.9346 0.8734 0.8163 0.7629 0.7130 0.6663 0.6227 0.5820 0.5439 0.5083 0.4751 0.4440 0.4150 0.3878 0.3624 0.3387 0.3166 0.2959 0.2765 0.2584 0.2415 0.2257 0.2109 0.1971 0.1842 0.1722 0.1609 0.1504 0.1406 0.1314 0.1228 0.1147 0.1072 0.1002 8.00% 0.9259 0.8573 0.7938 0.7350 0.6806 0.6302 0.5835 0.5403 0.5002 0.4632 0.4289 0.3971 0.3677 0.3405 0.3152 0.2919 0.2703 0.2502 0.2317 0.2145 0.1987 0.1839 0.1703 0.1577 0.1460 0.1352 0.1252 0.1159 0.1073 0.0994 0.0920 0.0852 0.0789 0.0730 9.00% 0.9174 0.8417 0.7722 0.7084 0.6499 0.5963 0.5470 0.5019 0.4604 0.4224 0.3875 0.3555 0.3262 0.2992 0.2745 0.2519 0.2311 0.2120 0.1945 0.1784 0.1637 0.1502 0.1378 0.1264 0.1160 0.1064 0.0976 0.0895 0.0822 0.0754 0.0691 0.0634 0.0582 0.0534 10.00% 0.9091 0.8264 0.7513 0.6830 0.6209 0.5645 0.5132 0.4665 0.4241 0.3855 0.3505 0.3186 0.2897 0.2633 0.2394 0.2176 0.1978 0.1799 0.1635 0.1486 0.1351 0.1228 0.1117 0.1015 0.0923 0.0839 0.0763 0.0693 0.0630 0.0573 0.0521 0.0474 0.0431 0.0391 11.00% 0.9009 0.8116 0.7312 0.6587 0.5935 0.5346 0.4817 0.4339 0.3909 0.3522 0.3173 0.2858 0.2575 0.2320 0.2090 0.1883 0.1696 0.1528 0.1377 0.1240 0.1117 0.1007 0.0907 0.0817 0.0736 0.0663 0.0597 0.0538 0.0485 0.0437 0.0394 0.0355 0.0319 0.0288 12.00% 0.8929 0.7972 0.7118 0.6355 0.5674 0.5066 0.4523 0.4039 0.3606 0.3220 0.2875 0.2567 0.2292 0.2046 0.1827 0.1631 0.1456 0.1300 0.1161 0.1037 0.0926 0.0826 0.0738 0.0659 0.0588 0.0525 0.0469 0.0419 0.0374 0.0334 0.0298 0.0266 0.0238 0.0212 13.00% 0.8850 0.7831 0.6931 0.6133 0.5428 0.4803 0.4251 0.3762 0.3329 0.2946 0.2607 0.2307 0.2042 0.1807 0.1599 0.1415 0.1252 0.1108 0.0981 0.0868 0.0768 0.0680 0.0601 0.0532 0.0471 0.0417 0.0369 0.0326 0.0289 0.0256 0.0226 0.0200 0.0177 0.0157 14.00% 0.8772 0.7695 0.6750 0.5921 0.5194 0.4556 0.3996 0.3506 0.3075 0.2697 0.2366 0.2076 0.1821 0.1597 0.1401 0.1229 0.1078 0.0946 0.0829 0.0728 0.0638 0.0560 0.0491 0.0431 0.0378 0.0331 0.0291 0.0255 0.0224 0.0196 0.0172 0.0151 0.0132 0.0116 15.00% 0.8696 0.7561 0.6575 0.5718 0.4972 0.4323 0.3759 0.3269 0.2843 0.2472 0.2149 0.1869 0.1625 0.1413 0.1229 0.1069 0.0929 0.0808 0.0703 0.0611 0.0531 0.0462 0.0402 0.0349 0.0304 0.0264 0.0230 0.0200 0.0174 0.0151 0.0131 0.0114 0.0099 0.0086 Present Value of an Annuity of $1 per Period for N Periods (PVIFA) Period 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 1.00 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 2.00 1.9704 1.9416 1.9135 1.8861 1.8594 1.8334 3.00 2.9410 2.8839 2.8286 2.7751 2.7232 2.6730 4.00 3.9020 3.8077 3.7171 3.6299 3.5460 3.4651 5.00 4.8534 4.7135 4.5797 4.4518 4.3295 4.2124 6.00 5.7955 5.6014 5.4172 5.2421 5.0757 4.9173 7.00 6.7282 6.4720 6.2303 6.0021 5.7864 5.5824 8.00 7.6517 7.3255 7.0197 6.7327 6.4632 6.2098 9.00 8.5660 8.1622 7.7861 7.4353 7.1078 6.8017 10.00 9.4713 8.9826 8.5302 8.1109 7.7217 7.3601 11.00 10.3676 9.7868 9.2526 8.7605 8.3064 7.8869 12.00 11.2551 10.5753 9.9540 9.3851 8.8633 8.3838 13.00 12.1337 11.3484 10.6350 9.9856 9.3936 8.8527 14.00 13.0037 12.1062 11.2961 10.5631 9.8986 9.2950 15.00 13.8651 12.8493 11.9379 11.1184 10.3797 9.7122 16.00 14.7179 13.5777 12.5611 11.6523 10.8378 10.1059 17.00 15.5623 14.2919 13.1661 12.1657 11.2741 10.4773 18.00 16.3983 14.9920 13.7535 12.6593 11.6896 10.8276 19.00 17.2260 15.6785 14.3238 13.1339 12.0853 11.1581 20.00 18.0456 16.3514 14.8775 13.5903 12.4622 11.4699 7.00% 0.9346 1.8080 2.6243 3.3872 4.1002 4.7665 5.3893 5.9713 6.5152 7.0236 7.4987 7.9427 8.3577 8.7455 9.1079 9.4466 9.7632 10.0591 10.3356 10.5940 8.00% 0.9259 1.7833 2.5771 3.3121 3.9927 4.6229 5.2064 5.7466 6.2469 6.7101 7.1390 7.5361 7.9038 8.2442 8.5595 8.8514 9.1216 9.3719 9.6036 9.8181 9.00% 0.9174 1.7591 2.5313 3.2397 3.8897 4.4859 5.0330 5.5348 5.9952 6.4177 6.8052 7.1607 7.4869 7.7862 8.0607 8.3126 8.5436 8.7556 8.9501 9.1285 10.00% 0.9091 1.7355 2.4869 3.1699 3.7908 4.3553 4.8684 5.3349 5.7590 6.1446 6.4951 6.8137 7.1034 7.3667 7.6061 7.8237 8.0216 8.2014 8.3649 8.5136 11.00% 0.9009 1.7125 2.4437 3.1024 3.6959 4.2305 4.7122 5.1461 5.5370 5.8892 6.2065 6.4924 6.7499 6.9819 7.1909 7.3792 7.5488 7.7016 7.8393 7.9633 12.00% 0.8929 1.6901 2.4018 3.0373 3.6048 4.1114 4.5638 4.9676 5.3282 5.6502 5.9377 6.1944 6.4235 6.6282 6.8109 6.9740 7.1196 7.2497 7.3658 7.4694 13.00% 0.8850 1.6681 2.3612 2.9745 3.5172 3.9975 4.4226 4.7988 5.1317 5.4262 5.6869 5.9176 6.1218 6.3025 6.4624 6.6039 6.7291 6.8399 6.9380 7.0248 14.00% 0.8772 1.6467 2.3216 2.9137 3.4331 3.8887 4.2883 4.6389 4.9464 5.2161 5.4527 5.6603 5.8424 6.0021 6.1422 6.2651 6.3729 6.4674 6.5504 6.6231 15.00% 0.8696 1.6257 2.2832 2.8550 3.3522 3.7845 4.1604 4.4873 4.7716 5.0188 5.2337 5.4206 5.5831 5.7245 5.8474 5.9542 6.0472 6.1280 6.1982 6.2593

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Economic Growth and DevelopmentProfessor Olivier de La GrandvilleMS&E 249Summer 2009Problem Set 2 Solutions1. (20 points) Assuming non-negative marginal productivity of labor, unstable equilibrium contradicts this assumption. This can be seen as foll
Stanford - MS&E - 249
Economic Growth and DevelopmentProfessor Olivier de La GrandvilleMS&E 249Summer 2009Problem Set 2To be returned Monday, August 3rd , 2009 in class1. Very often (in fact always) the literature on growth refers to so-called unstable equilibriumpoints
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F U RT H E R R E A D I N G , DATA O N G ROW T HAND REFERENCESAn excellent companion of this book, illustrating the difculties and challengesof growth and development, is William Easterly, The Elusive quest for growth:an economists adventures in the tr
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PART IPositive growth theoryEconomics was born when some people asked the questions: How can societyimprove its living standards? What are the conditions of prosperity? Those questions dene the essence of growth theory. It is no wonder that in the West
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CHAPTER 2The growth processEconomic growth is simply dened as an increase of income per person. Our aimin this chapter is to explain, rst without any formalization, the process by whichsuch an increase may be achieved in a given country. The necessity
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CHAPTER 3A production function ofcentral importanceIn 1961, Kenneth Arrow, Hollis Chenery, Bagicha Minhas and Robert Solow madea major discovery. Not only did it modify forever the way economists looked atproduction functions, but it also had a consi
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CHAPTER 4The CES production functionas a general meanThe discoverers of the CES production function, K. Arrow, H. Chenery, B. Minhasand R. Solow had observed that it was a linear transformation of a general meanof order . It turns out that income per
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CHAPTER 5Capitallabour substitution andeconomic growth(in collaboration with Robert M. Solow)Ever since its emergence in John Hickss Theory of Wages (1932), the elasticity ofsubstitution has gured primarily in the theory of distribution. The standard
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CHAPTER 6The long-term growth rate as a randomvariable, with an application tothe US economyA growth process is far from linear. The economy is submitted to random shocksand undergoes cycles, their length and amplitude hardly predictable. In this cha
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P A R T IIOptimal growth theoryIn Part I of this book we have shown how the motion of an economy is described bya differential equation whose solution depends in an essential way on three kindsof hypotheses: the structure of the production process, wh
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CHAPTER 8Other major tools for optimal growththeory: the Pontryagin maximumprinciple and the DorfmanianComplex dynamic systems, in particular those with inequality constraints, havemade it necessary to extend the classical calculus of variations. Thi
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CHAPTER 9First applications to optimal growthOur aim is now to look for optimal growth paths, given initial conditions of theeconomy. The reader will see that for most problems the calculus of variations isquite sufcient; but we feel that we should pr
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CHAPTER 10Optimal growth and the optimalsavings rateThe fall in the savings rate observed in most OECD countries in recent yearspropounds the perennial question of optimal savings, and foremost the problem ofdening an optimality criterion. For nearly
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Personal Financial PlanningSummer 2012Essay Questions (Final Exam)Question 1: Explain the differences between investing and speculating. Give anexample of each. Investors need to be aware of nine sources of risk when calculatingthe risk-return tradeo
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P A R T IIIA unied approachBethe1 had found out that if you do just the right things,if you kind of forget some things and dont forget otherthings, do it just right, you can get the right answers.Richard Feynman2In this book we have presented the th
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Copyright 2009 Pearson Education, Inc. Publishing as Prentice Hall"3/10, EOM" means a 3% discount can be taken if the bill is paid by the tenth day of the monthafter the purchase.Answer T"C" items typically comprise a minor proportion of the small firm
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CHAPTER 12From arbitrage to equilibriumIn chapter 11, we described outcomes of investing either on the nancial marketor the capital goods market. We had also made the hypothesis that market forceswould be at play to establish an equilibrium between th
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Break-even analysisSamanthaandJacquiareplanningtomakenecklacestosellinschool.Theywanttoknowhowmanytheywillhavetoselltobreakeven.Information: (on weekly basis) Theirfixedcostswillbe200Theirvariablecostsare2pernecklaceTheyaregoingtoproduce40necklaces
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CHAPTER 13Optimal savings: a general approachEnrich the time to come with smooth-faced peace,with smiling plenty and fair prosperous daysRichmond (King Richard III)In chapter 10 we described the serious difculties entailed by the use of utilityfunct
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List of business equipment:I.PLANER SERIES : AUTOMATIC PLANER(SEM-CLOSED TYPE) 4 SIDES MOUDLE. HAND JOINTER AUTOMATIC SEAT PLANER DOUBLE SURFACE PLANDERII.SAW SERIES :a. SLIDING TABLE SAWb. GANG RIP SAWc. 6 UNIT BORING MACHINE 2d. EDGE BANDIN
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Cooking ClassesI. Situation analysis:what is the firms current status? In which direction should itbe heading?a. Mission: Future picture of our business: .own the bulding with many different courses:different dishes, famous chefs.b. Strength and weak
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CHAPTER 14Problems in growth: common traitsbetween planned economies andpoor countriesPlanning the economy is just one manifestation of the perennial desire to mouldsociety into a very precise, rigid, shape. All too often, unfortunately, that shaper
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Cooking Class!8PsProduct: teaching cooking: Europe, England, Italy, Vietnamese dishesPlace: TiepThi& Gia Dinh Food (Tan Binh district)Price: course: 3 months, 6 months, hard to simple dishes -> different price.Promotion: advertising on Phu nu magazin
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CHAPTER 15From Ibn Khaldun to Adam Smith, anda proof of Smiths conjectureOur rst aim in this concluding chapter is to bring together the fundamental conditions of economic growth. As we mentioned at the outset of Part I, we believe theywere laid out i
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Class : I2BU-BInstructor : Nguyn Vit QuangStudent : Nguyn nh DuyKhangID : 01-08-0-00276A woman taxi service in Ho Chi Minh CityA.Feasible_Nowadays, the situation of sexual harassment and indecent behaviors for femalepassengers on public transport
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case 14The Swatchmobile: any colour combination, including blackIf someone asked you what a Swatch watch and a Mercedes-Benz car have in common, you would probablyanswer, not much. Perhaps youd think the question was the lead-in to a joke. After all, t
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Service marketing system: the part of the total service system where the firm has anyform of contract with its customers, from advertising to billing; it includes contracts madeat the point of delivery.Front stage: those aspects of service operations a
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IN CONCLUSION: ON THE CONVERGENCE OF IDEASA N D VA L U E S T H RO U G H C I V I L I Z AT I O N SIn the last chapter, we have shown how a conjecture of tremendous import forthe future of our societies, namely Ibn Khalduns and Adam Smiths idea that ourw
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Copyright 2009 Pearson Education, Inc. Publishing as Prentice Hall"Double taxation" refers to the fact that the corporation itself must pay taxes on its net profits,and the stockholders must also pay taxes on the portion of those same profits distribute
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MS&E249GrandvilleEconomicGrowthandDevelopmentProf.deLaHandout#4DECONOMICGROWTHbyOlivierdeLaGrandvilleErrataChapter1,p.8:thelast2linesofparagraph2shouldreadwhichisitselfdecreasinginabsolutevalue,implyingaconvextimepathr(t)everywhereChapter1,p.7,
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TRABAJO ESCALONADO USS (Mayo 2012)REDISEO GEOMETRICO DE LA CARRETERA CUICA PIMPINGOS(CUTERVO)(Tramo 1+000 2+000)DATOS:Ubicacin: Distrito: PimpingosCajamarca Centro Poblado: CuicaProvincia: CutervoDepartamento:Datos topogrficos: Orografa: Tipo
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The West Texas RanchBASIC BALANCE SHEETASSETSABCDCurrentAssetsA+B+C+D=E$-(F - G) + H=I$-FGHNet NonCurrentAssetsTotal Assets$-E+I=JLIABILITIESKLMNCurrentLiabilitiesK+L+M+N=O$-PQNon-current LiabilitiesT
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Economic GrowthHow can society improve its living standards? What are the conditions necessaryfor prosperity? These are the questions that dene the essence of growth theory. Inthis user-friendly book, Olivier de La Grandville provides a fascinating int
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INFORME DE VISITA A CAMPOI. Obra:CONSTRUCCIN PAVIMENTACIN, VEREDAS, REAS VERDES,CON MEJORAMIENTO DE REDES DE AGUA POTABLE YALCANTARILLADO CON CONEXIONES DOMICILIARIAS EN LA AV.PROLONGACION FRANCISCO BOLOGNESI, TRAMO ENTRE LA AV.JOSE L. ORTIZ Y GARIT
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Chapter 09 - Health and Disability InsuranceCHAPTER 9HEALTH AND DISABILITY INSURANCECHAPTER OVERVIEWPlanning a health insurance program needs careful study because the protection should be shaped to theneeds of the individual or the family. However,
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UNIVERSIDADSEOR DE SIPNFacultad De Ingeniera, Arquitectura y UrbanismoEscuela de Ingeniera CivilTRABAJO INDIVIDUALInstalaciones ElctricasDIAGRAMA UNIFILARDocente :Ing. Pedro Ballena del RioAlumno:Vilchez Asalde, Linda GracePimentel,Abrildel201
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MS&E 190: METHODS AND MODELS FORPOLICY AND STRATEGY ANALYSISThomas A. WeberCooperation and Incentives (Part I)Spring 2006Stanford UniversityCopyright 2006 T.A. WeberAll Rights ReservedMS&E-190-Spring-2006-TAW-1-INFRASTRUCTUREMy CoordinatesRoom
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11HEALTH, DISABILITY, AND LONG-TERM CARE INSURANCECHAPTER OVERVIEWPlanning a health insurance program needs careful study because the protection should be shaped to theneeds of the individual or the family. However, the task is simplified for many fam
Aarhus Universitet, Aarhus - ELEC - 1005
UNIVERSIDADSEOR DE SIPNFacultad De Ingeniera, Arquitectura y UrbanismoEscuela de Ingeniera CivilTRABAJO INDIVIDUALInstalaciones ElctricasDIAGRAMA UNIFILARDocente :Ing. Pedro Ballena del RioAlumno:Vilchez Asalde, Linda GracePimentel,Juniodel201
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MS&E 190: METHODS AND MODELS FORPOLICY AND STRATEGY ANALYSISThomas A. WeberCooperation and Incentives (Part II)Spring 2006Stanford UniversityMS&E-190-Spring-2006-TAWCopyright 2006 T.A. WeberAll Rights Reserved-1-COOPERATIONRequirements1.Commo