Business, 12.08.2020 07:01 steph76812

Suppose you are Chris Oliver. You have just confirmed that, for all practical purposes, Mrs. Bella will be unable to work at all during the next ten years, including all of 2006. Write a report, addressed to Alex Ivy, Chief Administrator of Craft Supplies, which covers the questions below. Be sure to follow the guidelines for writing a report found in the Gateway Web Site. 1. The data from Exhibit 3 is also in the Excel file income. xls on the course website. Use Excel, along with this file, to determine Mrs. Bella’s real income for the last fifteen years. Do this by first converting each price index from percent by dividing by 100. Then, divide gross income by your converted (adjusted) price index. Using Excel, find the mean, median, standard deviation, and variance of her past real income. Explain the meaning of these statistics. Can you use mean income to forecast future earnings? Take into account both statistical and non-statistical considerations.
2. How do you interpret the price indices in Exhibit 3? How do economists construct them?
Use Excel regression to analyze the relationship between the adjusted price index (dependent variable and year (independent variable). Interpret your regression findings by discussing the coefficient of determination (R-squared), the regression coefficient, the regression equation, and the p value. Can you use the regression equation to predict the price indices? Take into account statistical, macroeconomic, and other considerations.
3. Assume that Mrs. Bella’s real income will not change over the next ten years. Use the mean real income from question 1 to determine projected real income for the future ten years of Mrs. Bella’s work expectancy. Use the regression equation from question 2 to project adjusted price indices for the next ten years. Assume that Mrs. Bella pays 20% of her actual income in taxes and that Green will not provide significant state assistance. Use the projected real income and adjusted price indices to estimate Mrs. Bella’s net actual income for the next ten years. What would be the likely amount of an award to Mrs. Bella based on a present value rate of 8%? Discuss the factors that could cause Mrs. Bella’s future income to differ from your estimate.
4. Would the merchant’s defense relieve Craft Supplies from liability under the cause of action of false imprisonment?
5. Assuming that Craft Supplies is liable for false imprisonment and assuming that Mrs. Bella is deemed unable to locate another job for life due to her present medical condition, is a court likely to award her compensation for loss of future income? What standard will a court consider in determining whether Mrs. Bella is entitled to compensation? In your opinion, is Mrs. Bella’s settlement offer reasonable? Is she entitled to anything else in her damage claims? Support your opinions with a discussion of the legal and practical possibilities.
6. What actions would you recommend should be taken to prevent a reoccurrence of a situation similar to that involving Mrs. Bella? What company policies need to changed or added? Discuss the relevant management issues.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 21:30, tonta22

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

Answers: 3

continue

Business, 22.06.2019 06:00, milak23

Select the correct answer a research organization conducts certain chemical tests on samples. they have data available on the standard results. some of the samples give results outside the boundary of the standard results. which data mining method follows a similar approach? o a. data cleansing ob. network intrusion o c. fraud detection od. customer classification o e. deviation detection

Answers: 1

continue

Business, 22.06.2019 21:10, chrisraptorofficial

This problem has been solved! see the answerthe xyz corporation is interested in possible differences in days worked by salaried employees in three departments in the financial area. a survey of 23 randomly chosen employees reveals the data shown below. because of the casual sampling methodology in this survey, the sample sizes are unequal. research question: are the mean annual attendance rates the same for employees in these three departments? days worked last year by 23 employees department days worked budgets (5 workers) 278 260 265 245 258 payables (10 workers) 205 270 220 240 255 217 266 239 240 228 pricing (8 workers) 240 258 233 256 233 242 244 249 picture click here for the excel data filefill in the missing data. (round your p-value to 4 decimal places, mean values to 1 decimal place and other answers to 2group mean n std. dev variancesbudgets payables pricing total one factor anova source ss df ms f p-value treatment error total

Answers: 2

continue

Business, 23.06.2019 00:00, rozalee14

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business. true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.

Answers: 1

continue

You know the right answer?

Suppose you are Chris Oliver. You have just confirmed that, for all practical purposes, Mrs. Bella w...