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The Australian skiing industry operates out of a very narrow seasonal base-approximately three months in a good season. In a good year, providers of accommodation, ski hire and tow operators stand to benefit from increased usage of services and more people taking part in ski and après-ski activities. In a poor year, with the late arrival of snow and the early finish to the season, and hence fewer visitors to the ski slopes, many operators need to meet their operating costs plus profits in a shorter period of time.With a reduced ski season, how would you describe the elasticity of demand for ski hire facilities?Illustrate two possible outcomes by reducing the hiring price to encourage more customers or increasing price to increase total revenue.the introduction of snow-generating machines can extend the ski season. What will be the impact on the supply curve of restaurants on the mountain by extending the ski season?On the cereal breakfast shelf in a local Melbourne supermarket one can find a number of brands such as Corn flakes, Vita Brits, Weet-Bix, Puffed Wheat, Rice Bubbles, Uncle Toby's and Coco Pops. Each brand is different from the other. Would you regard the breakfast cereal industry's market structure as monopolistic competition or as an oligopoly? Is the number of brands sufficient information to identify the market structure? Discuss.
Routine functions For the efficient execution of the managerial finance functions, routine functions have to be executed. Such decisions concern procedures and systems and incl
The financial ratios of a firm are given: Current ratio = 1.33 Acid-test ratio = 0.80 Current liabilities = 40,000 Inventory turnover ratio = 6 What is the
challenges that the finance manager face in fulfilling the managerial function
Q. Show Certificates of Deposits? Certificates of Deposits: Certificate of deposits is papers issued by banks acknowledging fixed deposits for a specified period of time. CPs i
An accounting technique that identifies the activities that a firm does, and then allocates indirect costs to products. An activity based costing (ABC) system finds the relationshi
1. CompuSystems was supposed to pay a manufacturer $19,000 four month ago and another $14,000 two months from now. CompuSystems is proposing to pay $10,000 today and the balance i
Comment on the subsequent statement: “Since the U.S. imports more than it exports, it is essential for the U.S. to import capital from foreign countries to finance its current acco
Johnson & Johnson (JNJ) is trading at 68.15 (Sep 12th 2012 close). JNJ is a large health care conglomerate. It has done well so far this year (though not as well as the market) and
Federal Reserve Board The Federal Reserve Board controls the nation's monetary policy, regulates banks, and searches to keep the financial stability of the United States. Its t
Assume that we have the following data: C=100+0.50Y Ip=100-20r Mt=0.10Y Ms=100-10r M=80 a. Build the IS-LM function. b. If we assume an increase in Investments by 100 units, p
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