UNEMPLOYMENT AND THE MACRO ECONOMY
The overall

UNEMPLOYMENT AND THE MACRO ECONOMY The overall The overall macro economy is most fundamentally driven by demand, and constrained by supply. If wishes were horses, poor men would ride, and we might all live in villas, with Gulfstream jets to whisk us off for the weekend. Our ability to fulfill our potentially unlimited demand for goods and services is constrained by the limited supply of these things. We go to work to produce the supply, and our paycheck determines how much of that supply we can afford to consume. When the macro economy is described in this way, it might seem that unemployment is inherently contradictory. We all want more…
Read More

A Propoganda Model and the Media

A Propoganda Model and the Media The problem of the influence of the free-market economics model of media is explored by Edward S. Herman and Noam Chomsky in Manufacturing Consent: The Political Economy of the Mass Media. The authors utilize a series of case studies and their own extensive research over a long period of time to assess the mass media in the United States. They explain their methodology in the Introduction; to employ a propaganda model that is ôan analytical framework that attempts to explain the performance of the U.S. media in terms of the basic institutional structures and relationships within which they operateö (xi). The book therefore centers…
Read More

Managerial Economics

Managerial Economics Introduction: Every day managers make many decisions that affect the survival prospects of their firm. These include deciding how much of a particular product to produce, what price to charge for that product, hiring additional workers, how much effort should be invested in developing new products or improving the production process, and what amount should be bid in an auction. An understanding of economic concepts can improve such decision making within a firm.ß Acs Zoltan and Daniel Gerlowski writing in Financial Practice and Education note that managerial economics courses in most business schools blend topics from microeconomics and the decision sciences in recognition of the firm's role as…
Read More

Monopolistic Competition

Monopolistic Competition Most Americans have only a rudimentary understanding of monopolies, but they associate monopolies with "bad" companies. While it is true that monopolies can exercise a considerable amount of market power, it is also true that there are few true monopolies in the American economy; the threat of additional competition makes it difficult to sustain a monopoly for a long period of time. However, one of the most notorious monopolies, in part because it was sanctioned by the government, was that of American Telephone and Telegraph (now AT&T). This research examines the nature of competition and considers the current state of the domestic long distance market. A complete monopoly…
Read More

Arthur Andersen and Company

Arthur Andersen and Company Historical Background: The CPA firm of Anderson, DeLany & Company was founded in 1913. Eventually, this company began to offer consulting services in addition to its traditional accounting services. By 1984, the consulting business was more profitable on a per-partner basis than the traditional accounting business. By 1987, consulting had growth to represent more than 36 percent of worldwide revenues for Andersen and Company. As their contributions to the company increased, Anderson's consultants began to become more vocal in their complaints and to demand more control over the company and over the direction of their business operations. The Andersen consultants continued to complain about their employer,…
Read More

The APR of Trade Credit Offers

The APR of Trade Credit Offers Effective Rate = (1+(%discount/(100-%discount))(365/ndaysearly) - 1 (includes the daily compounding of interest) The APR of a trade credit offer will increase either with an increase in the percentage rate or with a decrease in the number of days left after the due date to pay the bill. Since these are extremely high, it is nearly always better to borrow enough money to be able to pay bills in the discount period. A company that is failing to do so is usually in a very serious cash position. ...
Read More

Air Transportation Industry

Air Transportation Industry In the early years of the twenty-first century, the air transportation industry is in a state of chaotic transition on a global basis. A souring of the global economy that began in late-2000, followed by the terrorist attacks in the United States in September 2001, wars in the Middle East, and continued deteriorations in economic activity in most areas of the world are cited frequently as the causes of the calamitous mess in the global air transportation industry. There are justifications to support each of the factors mentioned in the preceding paragraph as a causal factor of the instability in the air transportation industry. There are, however,…
Read More

Investment Planning: Savings & Annuity

Investment Planning: Savings & Annuity Case 3.1: Preparing Carolyn Bowen's Investment Plan Bowen current has available the following funds: Life Insurance Proceeds $30,000 Savings Account $25,000 Total $55,000 Placing these currently available funds in a savings account at six-percent will yield the following values at the time of retirement: These funds plus the proceeds from the sale of her house will be available to Bowen at the time of her retirement. Projected funds available at the time or retirement are as follows: Savings Account: $ 82,720 House Sale Proceeds: $ 75,000 Total $157,720 Savings Account: $ 98,505 House Sale Proceeds: $ 85,000 Total $183,505 The level amount of income that…
Read More

Monetary Policy Report

Monetary Policy Report According to Alan Greenspan in his testimony March 2, 2005, before the Committee on the Budget, U.S. House of Representatives, economic activity ôappears to be expanding at a reasonably good pace.ö He stated, however, that there is some concern about the deficits running 3.5% of GDP. Since homeland security spending is not expected to continue at the current pace, an effort should be undertaken to reduce the deficit (Greenspan, 2005). The Monetary Policy Report to the Congress echoed Mr. GreenspanÆs sentiments, pointing to a rise in employment and ôbuoyantö household spending (Monetary Policy Report, 2005). The overall economic outlook is favorable. The Federal Reserve seems to be…
Read More

Fuel Costs & the Transportation System

Fuel Costs & the Transportation System The purpose of this research was to examine the effects on transportation systems of increases of significant proportions in fuel costs. In this research, these effects were examined through a focus on such effects experienced by the passenger hauling segment of the air transportation industry. It was found that the effects of increases of significant proportions of fuel costs on transportation systems is a phenomenon with an historical precedent which is well within the memory range of most Americans, as the last experience with the phenomenon occurred only 11 years ago. It was found further that the indirect effects deriving from economic recession and…
Read More

UNEMPLOYMENT AND THE MACRO ECONOMY
The overall

UNEMPLOYMENT AND THE MACRO ECONOMY The overall The overall macro economy is most fundamentally driven by demand, and constrained by supply. If wishes were horses, poor men would ride, and we might all live in villas, with Gulfstream jets to whisk us off for the weekend. Our ability to fulfill our potentially unlimited demand for goods and services is constrained by the limited supply of these things. We go to work to produce the supply, and our paycheck determines how much of that supply we can afford to consume. When the macro economy is described in this way, it might seem that unemployment is inherently contradictory. We all want more…
Read More

A Propoganda Model and the Media

A Propoganda Model and the Media The problem of the influence of the free-market economics model of media is explored by Edward S. Herman and Noam Chomsky in Manufacturing Consent: The Political Economy of the Mass Media. The authors utilize a series of case studies and their own extensive research over a long period of time to assess the mass media in the United States. They explain their methodology in the Introduction; to employ a propaganda model that is ôan analytical framework that attempts to explain the performance of the U.S. media in terms of the basic institutional structures and relationships within which they operateö (xi). The book therefore centers…
Read More

Managerial Economics

Managerial Economics Introduction: Every day managers make many decisions that affect the survival prospects of their firm. These include deciding how much of a particular product to produce, what price to charge for that product, hiring additional workers, how much effort should be invested in developing new products or improving the production process, and what amount should be bid in an auction. An understanding of economic concepts can improve such decision making within a firm.ß Acs Zoltan and Daniel Gerlowski writing in Financial Practice and Education note that managerial economics courses in most business schools blend topics from microeconomics and the decision sciences in recognition of the firm's role as…
Read More

Monopolistic Competition

Monopolistic Competition Most Americans have only a rudimentary understanding of monopolies, but they associate monopolies with "bad" companies. While it is true that monopolies can exercise a considerable amount of market power, it is also true that there are few true monopolies in the American economy; the threat of additional competition makes it difficult to sustain a monopoly for a long period of time. However, one of the most notorious monopolies, in part because it was sanctioned by the government, was that of American Telephone and Telegraph (now AT&T). This research examines the nature of competition and considers the current state of the domestic long distance market. A complete monopoly…
Read More

Arthur Andersen and Company

Arthur Andersen and Company Historical Background: The CPA firm of Anderson, DeLany & Company was founded in 1913. Eventually, this company began to offer consulting services in addition to its traditional accounting services. By 1984, the consulting business was more profitable on a per-partner basis than the traditional accounting business. By 1987, consulting had growth to represent more than 36 percent of worldwide revenues for Andersen and Company. As their contributions to the company increased, Anderson's consultants began to become more vocal in their complaints and to demand more control over the company and over the direction of their business operations. The Andersen consultants continued to complain about their employer,…
Read More

The APR of Trade Credit Offers

The APR of Trade Credit Offers Effective Rate = (1+(%discount/(100-%discount))(365/ndaysearly) - 1 (includes the daily compounding of interest) The APR of a trade credit offer will increase either with an increase in the percentage rate or with a decrease in the number of days left after the due date to pay the bill. Since these are extremely high, it is nearly always better to borrow enough money to be able to pay bills in the discount period. A company that is failing to do so is usually in a very serious cash position. ...
Read More

Air Transportation Industry

Air Transportation Industry In the early years of the twenty-first century, the air transportation industry is in a state of chaotic transition on a global basis. A souring of the global economy that began in late-2000, followed by the terrorist attacks in the United States in September 2001, wars in the Middle East, and continued deteriorations in economic activity in most areas of the world are cited frequently as the causes of the calamitous mess in the global air transportation industry. There are justifications to support each of the factors mentioned in the preceding paragraph as a causal factor of the instability in the air transportation industry. There are, however,…
Read More

Investment Planning: Savings & Annuity

Investment Planning: Savings & Annuity Case 3.1: Preparing Carolyn Bowen's Investment Plan Bowen current has available the following funds: Life Insurance Proceeds $30,000 Savings Account $25,000 Total $55,000 Placing these currently available funds in a savings account at six-percent will yield the following values at the time of retirement: These funds plus the proceeds from the sale of her house will be available to Bowen at the time of her retirement. Projected funds available at the time or retirement are as follows: Savings Account: $ 82,720 House Sale Proceeds: $ 75,000 Total $157,720 Savings Account: $ 98,505 House Sale Proceeds: $ 85,000 Total $183,505 The level amount of income that…
Read More

Monetary Policy Report

Monetary Policy Report According to Alan Greenspan in his testimony March 2, 2005, before the Committee on the Budget, U.S. House of Representatives, economic activity ôappears to be expanding at a reasonably good pace.ö He stated, however, that there is some concern about the deficits running 3.5% of GDP. Since homeland security spending is not expected to continue at the current pace, an effort should be undertaken to reduce the deficit (Greenspan, 2005). The Monetary Policy Report to the Congress echoed Mr. GreenspanÆs sentiments, pointing to a rise in employment and ôbuoyantö household spending (Monetary Policy Report, 2005). The overall economic outlook is favorable. The Federal Reserve seems to be…
Read More

Fuel Costs & the Transportation System

Fuel Costs & the Transportation System The purpose of this research was to examine the effects on transportation systems of increases of significant proportions in fuel costs. In this research, these effects were examined through a focus on such effects experienced by the passenger hauling segment of the air transportation industry. It was found that the effects of increases of significant proportions of fuel costs on transportation systems is a phenomenon with an historical precedent which is well within the memory range of most Americans, as the last experience with the phenomenon occurred only 11 years ago. It was found further that the indirect effects deriving from economic recession and…
Read More

UNEMPLOYMENT AND THE MACRO ECONOMY
The overall

UNEMPLOYMENT AND THE MACRO ECONOMY The overall The overall macro economy is most fundamentally driven by demand, and constrained by supply. If wishes were horses, poor men would ride, and we might all live in villas, with Gulfstream jets to whisk us off for the weekend. Our ability to fulfill our potentially unlimited demand for goods and services is constrained by the limited supply of these things. We go to work to produce the supply, and our paycheck determines how much of that supply we can afford to consume. When the macro economy is described in this way, it might seem that unemployment is inherently contradictory. We all want more…
Read More

A Propoganda Model and the Media

A Propoganda Model and the Media The problem of the influence of the free-market economics model of media is explored by Edward S. Herman and Noam Chomsky in Manufacturing Consent: The Political Economy of the Mass Media. The authors utilize a series of case studies and their own extensive research over a long period of time to assess the mass media in the United States. They explain their methodology in the Introduction; to employ a propaganda model that is ôan analytical framework that attempts to explain the performance of the U.S. media in terms of the basic institutional structures and relationships within which they operateö (xi). The book therefore centers…
Read More

Managerial Economics

Managerial Economics Introduction: Every day managers make many decisions that affect the survival prospects of their firm. These include deciding how much of a particular product to produce, what price to charge for that product, hiring additional workers, how much effort should be invested in developing new products or improving the production process, and what amount should be bid in an auction. An understanding of economic concepts can improve such decision making within a firm.ß Acs Zoltan and Daniel Gerlowski writing in Financial Practice and Education note that managerial economics courses in most business schools blend topics from microeconomics and the decision sciences in recognition of the firm's role as…
Read More

Monopolistic Competition

Monopolistic Competition Most Americans have only a rudimentary understanding of monopolies, but they associate monopolies with "bad" companies. While it is true that monopolies can exercise a considerable amount of market power, it is also true that there are few true monopolies in the American economy; the threat of additional competition makes it difficult to sustain a monopoly for a long period of time. However, one of the most notorious monopolies, in part because it was sanctioned by the government, was that of American Telephone and Telegraph (now AT&T). This research examines the nature of competition and considers the current state of the domestic long distance market. A complete monopoly…
Read More

Arthur Andersen and Company

Arthur Andersen and Company Historical Background: The CPA firm of Anderson, DeLany & Company was founded in 1913. Eventually, this company began to offer consulting services in addition to its traditional accounting services. By 1984, the consulting business was more profitable on a per-partner basis than the traditional accounting business. By 1987, consulting had growth to represent more than 36 percent of worldwide revenues for Andersen and Company. As their contributions to the company increased, Anderson's consultants began to become more vocal in their complaints and to demand more control over the company and over the direction of their business operations. The Andersen consultants continued to complain about their employer,…
Read More

The APR of Trade Credit Offers

The APR of Trade Credit Offers Effective Rate = (1+(%discount/(100-%discount))(365/ndaysearly) - 1 (includes the daily compounding of interest) The APR of a trade credit offer will increase either with an increase in the percentage rate or with a decrease in the number of days left after the due date to pay the bill. Since these are extremely high, it is nearly always better to borrow enough money to be able to pay bills in the discount period. A company that is failing to do so is usually in a very serious cash position. ...
Read More

Air Transportation Industry

Air Transportation Industry In the early years of the twenty-first century, the air transportation industry is in a state of chaotic transition on a global basis. A souring of the global economy that began in late-2000, followed by the terrorist attacks in the United States in September 2001, wars in the Middle East, and continued deteriorations in economic activity in most areas of the world are cited frequently as the causes of the calamitous mess in the global air transportation industry. There are justifications to support each of the factors mentioned in the preceding paragraph as a causal factor of the instability in the air transportation industry. There are, however,…
Read More

Investment Planning: Savings & Annuity

Investment Planning: Savings & Annuity Case 3.1: Preparing Carolyn Bowen's Investment Plan Bowen current has available the following funds: Life Insurance Proceeds $30,000 Savings Account $25,000 Total $55,000 Placing these currently available funds in a savings account at six-percent will yield the following values at the time of retirement: These funds plus the proceeds from the sale of her house will be available to Bowen at the time of her retirement. Projected funds available at the time or retirement are as follows: Savings Account: $ 82,720 House Sale Proceeds: $ 75,000 Total $157,720 Savings Account: $ 98,505 House Sale Proceeds: $ 85,000 Total $183,505 The level amount of income that…
Read More

Monetary Policy Report

Monetary Policy Report According to Alan Greenspan in his testimony March 2, 2005, before the Committee on the Budget, U.S. House of Representatives, economic activity ôappears to be expanding at a reasonably good pace.ö He stated, however, that there is some concern about the deficits running 3.5% of GDP. Since homeland security spending is not expected to continue at the current pace, an effort should be undertaken to reduce the deficit (Greenspan, 2005). The Monetary Policy Report to the Congress echoed Mr. GreenspanÆs sentiments, pointing to a rise in employment and ôbuoyantö household spending (Monetary Policy Report, 2005). The overall economic outlook is favorable. The Federal Reserve seems to be…
Read More

Fuel Costs & the Transportation System

Fuel Costs & the Transportation System The purpose of this research was to examine the effects on transportation systems of increases of significant proportions in fuel costs. In this research, these effects were examined through a focus on such effects experienced by the passenger hauling segment of the air transportation industry. It was found that the effects of increases of significant proportions of fuel costs on transportation systems is a phenomenon with an historical precedent which is well within the memory range of most Americans, as the last experience with the phenomenon occurred only 11 years ago. It was found further that the indirect effects deriving from economic recession and…
Read More

UNEMPLOYMENT AND THE MACRO ECONOMY
The overall

UNEMPLOYMENT AND THE MACRO ECONOMY The overall The overall macro economy is most fundamentally driven by demand, and constrained by supply. If wishes were horses, poor men would ride, and we might all live in villas, with Gulfstream jets to whisk us off for the weekend. Our ability to fulfill our potentially unlimited demand for goods and services is constrained by the limited supply of these things. We go to work to produce the supply, and our paycheck determines how much of that supply we can afford to consume. When the macro economy is described in this way, it might seem that unemployment is inherently contradictory. We all want more…
Read More

A Propoganda Model and the Media

A Propoganda Model and the Media The problem of the influence of the free-market economics model of media is explored by Edward S. Herman and Noam Chomsky in Manufacturing Consent: The Political Economy of the Mass Media. The authors utilize a series of case studies and their own extensive research over a long period of time to assess the mass media in the United States. They explain their methodology in the Introduction; to employ a propaganda model that is ôan analytical framework that attempts to explain the performance of the U.S. media in terms of the basic institutional structures and relationships within which they operateö (xi). The book therefore centers…
Read More

Managerial Economics

Managerial Economics Introduction: Every day managers make many decisions that affect the survival prospects of their firm. These include deciding how much of a particular product to produce, what price to charge for that product, hiring additional workers, how much effort should be invested in developing new products or improving the production process, and what amount should be bid in an auction. An understanding of economic concepts can improve such decision making within a firm.ß Acs Zoltan and Daniel Gerlowski writing in Financial Practice and Education note that managerial economics courses in most business schools blend topics from microeconomics and the decision sciences in recognition of the firm's role as…
Read More

Monopolistic Competition

Monopolistic Competition Most Americans have only a rudimentary understanding of monopolies, but they associate monopolies with "bad" companies. While it is true that monopolies can exercise a considerable amount of market power, it is also true that there are few true monopolies in the American economy; the threat of additional competition makes it difficult to sustain a monopoly for a long period of time. However, one of the most notorious monopolies, in part because it was sanctioned by the government, was that of American Telephone and Telegraph (now AT&T). This research examines the nature of competition and considers the current state of the domestic long distance market. A complete monopoly…
Read More

Arthur Andersen and Company

Arthur Andersen and Company Historical Background: The CPA firm of Anderson, DeLany & Company was founded in 1913. Eventually, this company began to offer consulting services in addition to its traditional accounting services. By 1984, the consulting business was more profitable on a per-partner basis than the traditional accounting business. By 1987, consulting had growth to represent more than 36 percent of worldwide revenues for Andersen and Company. As their contributions to the company increased, Anderson's consultants began to become more vocal in their complaints and to demand more control over the company and over the direction of their business operations. The Andersen consultants continued to complain about their employer,…
Read More

The APR of Trade Credit Offers

The APR of Trade Credit Offers Effective Rate = (1+(%discount/(100-%discount))(365/ndaysearly) - 1 (includes the daily compounding of interest) The APR of a trade credit offer will increase either with an increase in the percentage rate or with a decrease in the number of days left after the due date to pay the bill. Since these are extremely high, it is nearly always better to borrow enough money to be able to pay bills in the discount period. A company that is failing to do so is usually in a very serious cash position. ...
Read More

Air Transportation Industry

Air Transportation Industry In the early years of the twenty-first century, the air transportation industry is in a state of chaotic transition on a global basis. A souring of the global economy that began in late-2000, followed by the terrorist attacks in the United States in September 2001, wars in the Middle East, and continued deteriorations in economic activity in most areas of the world are cited frequently as the causes of the calamitous mess in the global air transportation industry. There are justifications to support each of the factors mentioned in the preceding paragraph as a causal factor of the instability in the air transportation industry. There are, however,…
Read More

Investment Planning: Savings & Annuity

Investment Planning: Savings & Annuity Case 3.1: Preparing Carolyn Bowen's Investment Plan Bowen current has available the following funds: Life Insurance Proceeds $30,000 Savings Account $25,000 Total $55,000 Placing these currently available funds in a savings account at six-percent will yield the following values at the time of retirement: These funds plus the proceeds from the sale of her house will be available to Bowen at the time of her retirement. Projected funds available at the time or retirement are as follows: Savings Account: $ 82,720 House Sale Proceeds: $ 75,000 Total $157,720 Savings Account: $ 98,505 House Sale Proceeds: $ 85,000 Total $183,505 The level amount of income that…
Read More

Monetary Policy Report

Monetary Policy Report According to Alan Greenspan in his testimony March 2, 2005, before the Committee on the Budget, U.S. House of Representatives, economic activity ôappears to be expanding at a reasonably good pace.ö He stated, however, that there is some concern about the deficits running 3.5% of GDP. Since homeland security spending is not expected to continue at the current pace, an effort should be undertaken to reduce the deficit (Greenspan, 2005). The Monetary Policy Report to the Congress echoed Mr. GreenspanÆs sentiments, pointing to a rise in employment and ôbuoyantö household spending (Monetary Policy Report, 2005). The overall economic outlook is favorable. The Federal Reserve seems to be…
Read More

Fuel Costs & the Transportation System

Fuel Costs & the Transportation System The purpose of this research was to examine the effects on transportation systems of increases of significant proportions in fuel costs. In this research, these effects were examined through a focus on such effects experienced by the passenger hauling segment of the air transportation industry. It was found that the effects of increases of significant proportions of fuel costs on transportation systems is a phenomenon with an historical precedent which is well within the memory range of most Americans, as the last experience with the phenomenon occurred only 11 years ago. It was found further that the indirect effects deriving from economic recession and…
Read More

UNEMPLOYMENT AND THE MACRO ECONOMY
The overall

UNEMPLOYMENT AND THE MACRO ECONOMY The overall The overall macro economy is most fundamentally driven by demand, and constrained by supply. If wishes were horses, poor men would ride, and we might all live in villas, with Gulfstream jets to whisk us off for the weekend. Our ability to fulfill our potentially unlimited demand for goods and services is constrained by the limited supply of these things. We go to work to produce the supply, and our paycheck determines how much of that supply we can afford to consume. When the macro economy is described in this way, it might seem that unemployment is inherently contradictory. We all want more…
Read More

A Propoganda Model and the Media

A Propoganda Model and the Media The problem of the influence of the free-market economics model of media is explored by Edward S. Herman and Noam Chomsky in Manufacturing Consent: The Political Economy of the Mass Media. The authors utilize a series of case studies and their own extensive research over a long period of time to assess the mass media in the United States. They explain their methodology in the Introduction; to employ a propaganda model that is ôan analytical framework that attempts to explain the performance of the U.S. media in terms of the basic institutional structures and relationships within which they operateö (xi). The book therefore centers…
Read More

Managerial Economics

Managerial Economics Introduction: Every day managers make many decisions that affect the survival prospects of their firm. These include deciding how much of a particular product to produce, what price to charge for that product, hiring additional workers, how much effort should be invested in developing new products or improving the production process, and what amount should be bid in an auction. An understanding of economic concepts can improve such decision making within a firm.ß Acs Zoltan and Daniel Gerlowski writing in Financial Practice and Education note that managerial economics courses in most business schools blend topics from microeconomics and the decision sciences in recognition of the firm's role as…
Read More

Monopolistic Competition

Monopolistic Competition Most Americans have only a rudimentary understanding of monopolies, but they associate monopolies with "bad" companies. While it is true that monopolies can exercise a considerable amount of market power, it is also true that there are few true monopolies in the American economy; the threat of additional competition makes it difficult to sustain a monopoly for a long period of time. However, one of the most notorious monopolies, in part because it was sanctioned by the government, was that of American Telephone and Telegraph (now AT&T). This research examines the nature of competition and considers the current state of the domestic long distance market. A complete monopoly…
Read More

Arthur Andersen and Company

Arthur Andersen and Company Historical Background: The CPA firm of Anderson, DeLany & Company was founded in 1913. Eventually, this company began to offer consulting services in addition to its traditional accounting services. By 1984, the consulting business was more profitable on a per-partner basis than the traditional accounting business. By 1987, consulting had growth to represent more than 36 percent of worldwide revenues for Andersen and Company. As their contributions to the company increased, Anderson's consultants began to become more vocal in their complaints and to demand more control over the company and over the direction of their business operations. The Andersen consultants continued to complain about their employer,…
Read More

The APR of Trade Credit Offers

The APR of Trade Credit Offers Effective Rate = (1+(%discount/(100-%discount))(365/ndaysearly) - 1 (includes the daily compounding of interest) The APR of a trade credit offer will increase either with an increase in the percentage rate or with a decrease in the number of days left after the due date to pay the bill. Since these are extremely high, it is nearly always better to borrow enough money to be able to pay bills in the discount period. A company that is failing to do so is usually in a very serious cash position. ...
Read More

Air Transportation Industry

Air Transportation Industry In the early years of the twenty-first century, the air transportation industry is in a state of chaotic transition on a global basis. A souring of the global economy that began in late-2000, followed by the terrorist attacks in the United States in September 2001, wars in the Middle East, and continued deteriorations in economic activity in most areas of the world are cited frequently as the causes of the calamitous mess in the global air transportation industry. There are justifications to support each of the factors mentioned in the preceding paragraph as a causal factor of the instability in the air transportation industry. There are, however,…
Read More

Investment Planning: Savings & Annuity

Investment Planning: Savings & Annuity Case 3.1: Preparing Carolyn Bowen's Investment Plan Bowen current has available the following funds: Life Insurance Proceeds $30,000 Savings Account $25,000 Total $55,000 Placing these currently available funds in a savings account at six-percent will yield the following values at the time of retirement: These funds plus the proceeds from the sale of her house will be available to Bowen at the time of her retirement. Projected funds available at the time or retirement are as follows: Savings Account: $ 82,720 House Sale Proceeds: $ 75,000 Total $157,720 Savings Account: $ 98,505 House Sale Proceeds: $ 85,000 Total $183,505 The level amount of income that…
Read More

Monetary Policy Report

Monetary Policy Report According to Alan Greenspan in his testimony March 2, 2005, before the Committee on the Budget, U.S. House of Representatives, economic activity ôappears to be expanding at a reasonably good pace.ö He stated, however, that there is some concern about the deficits running 3.5% of GDP. Since homeland security spending is not expected to continue at the current pace, an effort should be undertaken to reduce the deficit (Greenspan, 2005). The Monetary Policy Report to the Congress echoed Mr. GreenspanÆs sentiments, pointing to a rise in employment and ôbuoyantö household spending (Monetary Policy Report, 2005). The overall economic outlook is favorable. The Federal Reserve seems to be…
Read More

Fuel Costs & the Transportation System

Fuel Costs & the Transportation System The purpose of this research was to examine the effects on transportation systems of increases of significant proportions in fuel costs. In this research, these effects were examined through a focus on such effects experienced by the passenger hauling segment of the air transportation industry. It was found that the effects of increases of significant proportions of fuel costs on transportation systems is a phenomenon with an historical precedent which is well within the memory range of most Americans, as the last experience with the phenomenon occurred only 11 years ago. It was found further that the indirect effects deriving from economic recession and…
Read More

UNEMPLOYMENT AND THE MACRO ECONOMY
The overall

UNEMPLOYMENT AND THE MACRO ECONOMY The overall The overall macro economy is most fundamentally driven by demand, and constrained by supply. If wishes were horses, poor men would ride, and we might all live in villas, with Gulfstream jets to whisk us off for the weekend. Our ability to fulfill our potentially unlimited demand for goods and services is constrained by the limited supply of these things. We go to work to produce the supply, and our paycheck determines how much of that supply we can afford to consume. When the macro economy is described in this way, it might seem that unemployment is inherently contradictory. We all want more…
Read More

A Propoganda Model and the Media

A Propoganda Model and the Media The problem of the influence of the free-market economics model of media is explored by Edward S. Herman and Noam Chomsky in Manufacturing Consent: The Political Economy of the Mass Media. The authors utilize a series of case studies and their own extensive research over a long period of time to assess the mass media in the United States. They explain their methodology in the Introduction; to employ a propaganda model that is ôan analytical framework that attempts to explain the performance of the U.S. media in terms of the basic institutional structures and relationships within which they operateö (xi). The book therefore centers…
Read More

Managerial Economics

Managerial Economics Introduction: Every day managers make many decisions that affect the survival prospects of their firm. These include deciding how much of a particular product to produce, what price to charge for that product, hiring additional workers, how much effort should be invested in developing new products or improving the production process, and what amount should be bid in an auction. An understanding of economic concepts can improve such decision making within a firm.ß Acs Zoltan and Daniel Gerlowski writing in Financial Practice and Education note that managerial economics courses in most business schools blend topics from microeconomics and the decision sciences in recognition of the firm's role as…
Read More

Monopolistic Competition

Monopolistic Competition Most Americans have only a rudimentary understanding of monopolies, but they associate monopolies with "bad" companies. While it is true that monopolies can exercise a considerable amount of market power, it is also true that there are few true monopolies in the American economy; the threat of additional competition makes it difficult to sustain a monopoly for a long period of time. However, one of the most notorious monopolies, in part because it was sanctioned by the government, was that of American Telephone and Telegraph (now AT&T). This research examines the nature of competition and considers the current state of the domestic long distance market. A complete monopoly…
Read More

Arthur Andersen and Company

Arthur Andersen and Company Historical Background: The CPA firm of Anderson, DeLany & Company was founded in 1913. Eventually, this company began to offer consulting services in addition to its traditional accounting services. By 1984, the consulting business was more profitable on a per-partner basis than the traditional accounting business. By 1987, consulting had growth to represent more than 36 percent of worldwide revenues for Andersen and Company. As their contributions to the company increased, Anderson's consultants began to become more vocal in their complaints and to demand more control over the company and over the direction of their business operations. The Andersen consultants continued to complain about their employer,…
Read More

The APR of Trade Credit Offers

The APR of Trade Credit Offers Effective Rate = (1+(%discount/(100-%discount))(365/ndaysearly) - 1 (includes the daily compounding of interest) The APR of a trade credit offer will increase either with an increase in the percentage rate or with a decrease in the number of days left after the due date to pay the bill. Since these are extremely high, it is nearly always better to borrow enough money to be able to pay bills in the discount period. A company that is failing to do so is usually in a very serious cash position. ...
Read More

Air Transportation Industry

Air Transportation Industry In the early years of the twenty-first century, the air transportation industry is in a state of chaotic transition on a global basis. A souring of the global economy that began in late-2000, followed by the terrorist attacks in the United States in September 2001, wars in the Middle East, and continued deteriorations in economic activity in most areas of the world are cited frequently as the causes of the calamitous mess in the global air transportation industry. There are justifications to support each of the factors mentioned in the preceding paragraph as a causal factor of the instability in the air transportation industry. There are, however,…
Read More

Investment Planning: Savings & Annuity

Investment Planning: Savings & Annuity Case 3.1: Preparing Carolyn Bowen's Investment Plan Bowen current has available the following funds: Life Insurance Proceeds $30,000 Savings Account $25,000 Total $55,000 Placing these currently available funds in a savings account at six-percent will yield the following values at the time of retirement: These funds plus the proceeds from the sale of her house will be available to Bowen at the time of her retirement. Projected funds available at the time or retirement are as follows: Savings Account: $ 82,720 House Sale Proceeds: $ 75,000 Total $157,720 Savings Account: $ 98,505 House Sale Proceeds: $ 85,000 Total $183,505 The level amount of income that…
Read More

Monetary Policy Report

Monetary Policy Report According to Alan Greenspan in his testimony March 2, 2005, before the Committee on the Budget, U.S. House of Representatives, economic activity ôappears to be expanding at a reasonably good pace.ö He stated, however, that there is some concern about the deficits running 3.5% of GDP. Since homeland security spending is not expected to continue at the current pace, an effort should be undertaken to reduce the deficit (Greenspan, 2005). The Monetary Policy Report to the Congress echoed Mr. GreenspanÆs sentiments, pointing to a rise in employment and ôbuoyantö household spending (Monetary Policy Report, 2005). The overall economic outlook is favorable. The Federal Reserve seems to be…
Read More

Fuel Costs & the Transportation System

Fuel Costs & the Transportation System The purpose of this research was to examine the effects on transportation systems of increases of significant proportions in fuel costs. In this research, these effects were examined through a focus on such effects experienced by the passenger hauling segment of the air transportation industry. It was found that the effects of increases of significant proportions of fuel costs on transportation systems is a phenomenon with an historical precedent which is well within the memory range of most Americans, as the last experience with the phenomenon occurred only 11 years ago. It was found further that the indirect effects deriving from economic recession and…
Read More

UNEMPLOYMENT AND THE MACRO ECONOMY
The overall

UNEMPLOYMENT AND THE MACRO ECONOMY The overall The overall macro economy is most fundamentally driven by demand, and constrained by supply. If wishes were horses, poor men would ride, and we might all live in villas, with Gulfstream jets to whisk us off for the weekend. Our ability to fulfill our potentially unlimited demand for goods and services is constrained by the limited supply of these things. We go to work to produce the supply, and our paycheck determines how much of that supply we can afford to consume. When the macro economy is described in this way, it might seem that unemployment is inherently contradictory. We all want more…
Read More

A Propoganda Model and the Media

A Propoganda Model and the Media The problem of the influence of the free-market economics model of media is explored by Edward S. Herman and Noam Chomsky in Manufacturing Consent: The Political Economy of the Mass Media. The authors utilize a series of case studies and their own extensive research over a long period of time to assess the mass media in the United States. They explain their methodology in the Introduction; to employ a propaganda model that is ôan analytical framework that attempts to explain the performance of the U.S. media in terms of the basic institutional structures and relationships within which they operateö (xi). The book therefore centers…
Read More

Managerial Economics

Managerial Economics Introduction: Every day managers make many decisions that affect the survival prospects of their firm. These include deciding how much of a particular product to produce, what price to charge for that product, hiring additional workers, how much effort should be invested in developing new products or improving the production process, and what amount should be bid in an auction. An understanding of economic concepts can improve such decision making within a firm.ß Acs Zoltan and Daniel Gerlowski writing in Financial Practice and Education note that managerial economics courses in most business schools blend topics from microeconomics and the decision sciences in recognition of the firm's role as…
Read More

Monopolistic Competition

Monopolistic Competition Most Americans have only a rudimentary understanding of monopolies, but they associate monopolies with "bad" companies. While it is true that monopolies can exercise a considerable amount of market power, it is also true that there are few true monopolies in the American economy; the threat of additional competition makes it difficult to sustain a monopoly for a long period of time. However, one of the most notorious monopolies, in part because it was sanctioned by the government, was that of American Telephone and Telegraph (now AT&T). This research examines the nature of competition and considers the current state of the domestic long distance market. A complete monopoly…
Read More

Arthur Andersen and Company

Arthur Andersen and Company Historical Background: The CPA firm of Anderson, DeLany & Company was founded in 1913. Eventually, this company began to offer consulting services in addition to its traditional accounting services. By 1984, the consulting business was more profitable on a per-partner basis than the traditional accounting business. By 1987, consulting had growth to represent more than 36 percent of worldwide revenues for Andersen and Company. As their contributions to the company increased, Anderson's consultants began to become more vocal in their complaints and to demand more control over the company and over the direction of their business operations. The Andersen consultants continued to complain about their employer,…
Read More

The APR of Trade Credit Offers

The APR of Trade Credit Offers Effective Rate = (1+(%discount/(100-%discount))(365/ndaysearly) - 1 (includes the daily compounding of interest) The APR of a trade credit offer will increase either with an increase in the percentage rate or with a decrease in the number of days left after the due date to pay the bill. Since these are extremely high, it is nearly always better to borrow enough money to be able to pay bills in the discount period. A company that is failing to do so is usually in a very serious cash position. ...
Read More

Air Transportation Industry

Air Transportation Industry In the early years of the twenty-first century, the air transportation industry is in a state of chaotic transition on a global basis. A souring of the global economy that began in late-2000, followed by the terrorist attacks in the United States in September 2001, wars in the Middle East, and continued deteriorations in economic activity in most areas of the world are cited frequently as the causes of the calamitous mess in the global air transportation industry. There are justifications to support each of the factors mentioned in the preceding paragraph as a causal factor of the instability in the air transportation industry. There are, however,…
Read More

Investment Planning: Savings & Annuity

Investment Planning: Savings & Annuity Case 3.1: Preparing Carolyn Bowen's Investment Plan Bowen current has available the following funds: Life Insurance Proceeds $30,000 Savings Account $25,000 Total $55,000 Placing these currently available funds in a savings account at six-percent will yield the following values at the time of retirement: These funds plus the proceeds from the sale of her house will be available to Bowen at the time of her retirement. Projected funds available at the time or retirement are as follows: Savings Account: $ 82,720 House Sale Proceeds: $ 75,000 Total $157,720 Savings Account: $ 98,505 House Sale Proceeds: $ 85,000 Total $183,505 The level amount of income that…
Read More

Monetary Policy Report

Monetary Policy Report According to Alan Greenspan in his testimony March 2, 2005, before the Committee on the Budget, U.S. House of Representatives, economic activity ôappears to be expanding at a reasonably good pace.ö He stated, however, that there is some concern about the deficits running 3.5% of GDP. Since homeland security spending is not expected to continue at the current pace, an effort should be undertaken to reduce the deficit (Greenspan, 2005). The Monetary Policy Report to the Congress echoed Mr. GreenspanÆs sentiments, pointing to a rise in employment and ôbuoyantö household spending (Monetary Policy Report, 2005). The overall economic outlook is favorable. The Federal Reserve seems to be…
Read More

Fuel Costs & the Transportation System

Fuel Costs & the Transportation System The purpose of this research was to examine the effects on transportation systems of increases of significant proportions in fuel costs. In this research, these effects were examined through a focus on such effects experienced by the passenger hauling segment of the air transportation industry. It was found that the effects of increases of significant proportions of fuel costs on transportation systems is a phenomenon with an historical precedent which is well within the memory range of most Americans, as the last experience with the phenomenon occurred only 11 years ago. It was found further that the indirect effects deriving from economic recession and…
Read More

UNEMPLOYMENT AND THE MACRO ECONOMY
The overall

UNEMPLOYMENT AND THE MACRO ECONOMY The overall The overall macro economy is most fundamentally driven by demand, and constrained by supply. If wishes were horses, poor men would ride, and we might all live in villas, with Gulfstream jets to whisk us off for the weekend. Our ability to fulfill our potentially unlimited demand for goods and services is constrained by the limited supply of these things. We go to work to produce the supply, and our paycheck determines how much of that supply we can afford to consume. When the macro economy is described in this way, it might seem that unemployment is inherently contradictory. We all want more…
Read More

A Propoganda Model and the Media

A Propoganda Model and the Media The problem of the influence of the free-market economics model of media is explored by Edward S. Herman and Noam Chomsky in Manufacturing Consent: The Political Economy of the Mass Media. The authors utilize a series of case studies and their own extensive research over a long period of time to assess the mass media in the United States. They explain their methodology in the Introduction; to employ a propaganda model that is ôan analytical framework that attempts to explain the performance of the U.S. media in terms of the basic institutional structures and relationships within which they operateö (xi). The book therefore centers…
Read More

Managerial Economics

Managerial Economics Introduction: Every day managers make many decisions that affect the survival prospects of their firm. These include deciding how much of a particular product to produce, what price to charge for that product, hiring additional workers, how much effort should be invested in developing new products or improving the production process, and what amount should be bid in an auction. An understanding of economic concepts can improve such decision making within a firm.ß Acs Zoltan and Daniel Gerlowski writing in Financial Practice and Education note that managerial economics courses in most business schools blend topics from microeconomics and the decision sciences in recognition of the firm's role as…
Read More

Monopolistic Competition

Monopolistic Competition Most Americans have only a rudimentary understanding of monopolies, but they associate monopolies with "bad" companies. While it is true that monopolies can exercise a considerable amount of market power, it is also true that there are few true monopolies in the American economy; the threat of additional competition makes it difficult to sustain a monopoly for a long period of time. However, one of the most notorious monopolies, in part because it was sanctioned by the government, was that of American Telephone and Telegraph (now AT&T). This research examines the nature of competition and considers the current state of the domestic long distance market. A complete monopoly…
Read More

Arthur Andersen and Company

Arthur Andersen and Company Historical Background: The CPA firm of Anderson, DeLany & Company was founded in 1913. Eventually, this company began to offer consulting services in addition to its traditional accounting services. By 1984, the consulting business was more profitable on a per-partner basis than the traditional accounting business. By 1987, consulting had growth to represent more than 36 percent of worldwide revenues for Andersen and Company. As their contributions to the company increased, Anderson's consultants began to become more vocal in their complaints and to demand more control over the company and over the direction of their business operations. The Andersen consultants continued to complain about their employer,…
Read More

The APR of Trade Credit Offers

The APR of Trade Credit Offers Effective Rate = (1+(%discount/(100-%discount))(365/ndaysearly) - 1 (includes the daily compounding of interest) The APR of a trade credit offer will increase either with an increase in the percentage rate or with a decrease in the number of days left after the due date to pay the bill. Since these are extremely high, it is nearly always better to borrow enough money to be able to pay bills in the discount period. A company that is failing to do so is usually in a very serious cash position. ...
Read More

Air Transportation Industry

Air Transportation Industry In the early years of the twenty-first century, the air transportation industry is in a state of chaotic transition on a global basis. A souring of the global economy that began in late-2000, followed by the terrorist attacks in the United States in September 2001, wars in the Middle East, and continued deteriorations in economic activity in most areas of the world are cited frequently as the causes of the calamitous mess in the global air transportation industry. There are justifications to support each of the factors mentioned in the preceding paragraph as a causal factor of the instability in the air transportation industry. There are, however,…
Read More

Investment Planning: Savings & Annuity

Investment Planning: Savings & Annuity Case 3.1: Preparing Carolyn Bowen's Investment Plan Bowen current has available the following funds: Life Insurance Proceeds $30,000 Savings Account $25,000 Total $55,000 Placing these currently available funds in a savings account at six-percent will yield the following values at the time of retirement: These funds plus the proceeds from the sale of her house will be available to Bowen at the time of her retirement. Projected funds available at the time or retirement are as follows: Savings Account: $ 82,720 House Sale Proceeds: $ 75,000 Total $157,720 Savings Account: $ 98,505 House Sale Proceeds: $ 85,000 Total $183,505 The level amount of income that…
Read More

Monetary Policy Report

Monetary Policy Report According to Alan Greenspan in his testimony March 2, 2005, before the Committee on the Budget, U.S. House of Representatives, economic activity ôappears to be expanding at a reasonably good pace.ö He stated, however, that there is some concern about the deficits running 3.5% of GDP. Since homeland security spending is not expected to continue at the current pace, an effort should be undertaken to reduce the deficit (Greenspan, 2005). The Monetary Policy Report to the Congress echoed Mr. GreenspanÆs sentiments, pointing to a rise in employment and ôbuoyantö household spending (Monetary Policy Report, 2005). The overall economic outlook is favorable. The Federal Reserve seems to be…
Read More

Fuel Costs & the Transportation System

Fuel Costs & the Transportation System The purpose of this research was to examine the effects on transportation systems of increases of significant proportions in fuel costs. In this research, these effects were examined through a focus on such effects experienced by the passenger hauling segment of the air transportation industry. It was found that the effects of increases of significant proportions of fuel costs on transportation systems is a phenomenon with an historical precedent which is well within the memory range of most Americans, as the last experience with the phenomenon occurred only 11 years ago. It was found further that the indirect effects deriving from economic recession and…
Read More

UNEMPLOYMENT AND THE MACRO ECONOMY
The overall

UNEMPLOYMENT AND THE MACRO ECONOMY The overall The overall macro economy is most fundamentally driven by demand, and constrained by supply. If wishes were horses, poor men would ride, and we might all live in villas, with Gulfstream jets to whisk us off for the weekend. Our ability to fulfill our potentially unlimited demand for goods and services is constrained by the limited supply of these things. We go to work to produce the supply, and our paycheck determines how much of that supply we can afford to consume. When the macro economy is described in this way, it might seem that unemployment is inherently contradictory. We all want more…
Read More

A Propoganda Model and the Media

A Propoganda Model and the Media The problem of the influence of the free-market economics model of media is explored by Edward S. Herman and Noam Chomsky in Manufacturing Consent: The Political Economy of the Mass Media. The authors utilize a series of case studies and their own extensive research over a long period of time to assess the mass media in the United States. They explain their methodology in the Introduction; to employ a propaganda model that is ôan analytical framework that attempts to explain the performance of the U.S. media in terms of the basic institutional structures and relationships within which they operateö (xi). The book therefore centers…
Read More

Managerial Economics

Managerial Economics Introduction: Every day managers make many decisions that affect the survival prospects of their firm. These include deciding how much of a particular product to produce, what price to charge for that product, hiring additional workers, how much effort should be invested in developing new products or improving the production process, and what amount should be bid in an auction. An understanding of economic concepts can improve such decision making within a firm.ß Acs Zoltan and Daniel Gerlowski writing in Financial Practice and Education note that managerial economics courses in most business schools blend topics from microeconomics and the decision sciences in recognition of the firm's role as…
Read More

Monopolistic Competition

Monopolistic Competition Most Americans have only a rudimentary understanding of monopolies, but they associate monopolies with "bad" companies. While it is true that monopolies can exercise a considerable amount of market power, it is also true that there are few true monopolies in the American economy; the threat of additional competition makes it difficult to sustain a monopoly for a long period of time. However, one of the most notorious monopolies, in part because it was sanctioned by the government, was that of American Telephone and Telegraph (now AT&T). This research examines the nature of competition and considers the current state of the domestic long distance market. A complete monopoly…
Read More

Arthur Andersen and Company

Arthur Andersen and Company Historical Background: The CPA firm of Anderson, DeLany & Company was founded in 1913. Eventually, this company began to offer consulting services in addition to its traditional accounting services. By 1984, the consulting business was more profitable on a per-partner basis than the traditional accounting business. By 1987, consulting had growth to represent more than 36 percent of worldwide revenues for Andersen and Company. As their contributions to the company increased, Anderson's consultants began to become more vocal in their complaints and to demand more control over the company and over the direction of their business operations. The Andersen consultants continued to complain about their employer,…
Read More

The APR of Trade Credit Offers

The APR of Trade Credit Offers Effective Rate = (1+(%discount/(100-%discount))(365/ndaysearly) - 1 (includes the daily compounding of interest) The APR of a trade credit offer will increase either with an increase in the percentage rate or with a decrease in the number of days left after the due date to pay the bill. Since these are extremely high, it is nearly always better to borrow enough money to be able to pay bills in the discount period. A company that is failing to do so is usually in a very serious cash position. ...
Read More

Air Transportation Industry

Air Transportation Industry In the early years of the twenty-first century, the air transportation industry is in a state of chaotic transition on a global basis. A souring of the global economy that began in late-2000, followed by the terrorist attacks in the United States in September 2001, wars in the Middle East, and continued deteriorations in economic activity in most areas of the world are cited frequently as the causes of the calamitous mess in the global air transportation industry. There are justifications to support each of the factors mentioned in the preceding paragraph as a causal factor of the instability in the air transportation industry. There are, however,…
Read More

Investment Planning: Savings & Annuity

Investment Planning: Savings & Annuity Case 3.1: Preparing Carolyn Bowen's Investment Plan Bowen current has available the following funds: Life Insurance Proceeds $30,000 Savings Account $25,000 Total $55,000 Placing these currently available funds in a savings account at six-percent will yield the following values at the time of retirement: These funds plus the proceeds from the sale of her house will be available to Bowen at the time of her retirement. Projected funds available at the time or retirement are as follows: Savings Account: $ 82,720 House Sale Proceeds: $ 75,000 Total $157,720 Savings Account: $ 98,505 House Sale Proceeds: $ 85,000 Total $183,505 The level amount of income that…
Read More

Monetary Policy Report

Monetary Policy Report According to Alan Greenspan in his testimony March 2, 2005, before the Committee on the Budget, U.S. House of Representatives, economic activity ôappears to be expanding at a reasonably good pace.ö He stated, however, that there is some concern about the deficits running 3.5% of GDP. Since homeland security spending is not expected to continue at the current pace, an effort should be undertaken to reduce the deficit (Greenspan, 2005). The Monetary Policy Report to the Congress echoed Mr. GreenspanÆs sentiments, pointing to a rise in employment and ôbuoyantö household spending (Monetary Policy Report, 2005). The overall economic outlook is favorable. The Federal Reserve seems to be…
Read More

Fuel Costs & the Transportation System

Fuel Costs & the Transportation System The purpose of this research was to examine the effects on transportation systems of increases of significant proportions in fuel costs. In this research, these effects were examined through a focus on such effects experienced by the passenger hauling segment of the air transportation industry. It was found that the effects of increases of significant proportions of fuel costs on transportation systems is a phenomenon with an historical precedent which is well within the memory range of most Americans, as the last experience with the phenomenon occurred only 11 years ago. It was found further that the indirect effects deriving from economic recession and…
Read More

UNEMPLOYMENT AND THE MACRO ECONOMY
The overall

UNEMPLOYMENT AND THE MACRO ECONOMY The overall The overall macro economy is most fundamentally driven by demand, and constrained by supply. If wishes were horses, poor men would ride, and we might all live in villas, with Gulfstream jets to whisk us off for the weekend. Our ability to fulfill our potentially unlimited demand for goods and services is constrained by the limited supply of these things. We go to work to produce the supply, and our paycheck determines how much of that supply we can afford to consume. When the macro economy is described in this way, it might seem that unemployment is inherently contradictory. We all want more…
Read More

A Propoganda Model and the Media

A Propoganda Model and the Media The problem of the influence of the free-market economics model of media is explored by Edward S. Herman and Noam Chomsky in Manufacturing Consent: The Political Economy of the Mass Media. The authors utilize a series of case studies and their own extensive research over a long period of time to assess the mass media in the United States. They explain their methodology in the Introduction; to employ a propaganda model that is ôan analytical framework that attempts to explain the performance of the U.S. media in terms of the basic institutional structures and relationships within which they operateö (xi). The book therefore centers…
Read More

Managerial Economics

Managerial Economics Introduction: Every day managers make many decisions that affect the survival prospects of their firm. These include deciding how much of a particular product to produce, what price to charge for that product, hiring additional workers, how much effort should be invested in developing new products or improving the production process, and what amount should be bid in an auction. An understanding of economic concepts can improve such decision making within a firm.ß Acs Zoltan and Daniel Gerlowski writing in Financial Practice and Education note that managerial economics courses in most business schools blend topics from microeconomics and the decision sciences in recognition of the firm's role as…
Read More

Monopolistic Competition

Monopolistic Competition Most Americans have only a rudimentary understanding of monopolies, but they associate monopolies with "bad" companies. While it is true that monopolies can exercise a considerable amount of market power, it is also true that there are few true monopolies in the American economy; the threat of additional competition makes it difficult to sustain a monopoly for a long period of time. However, one of the most notorious monopolies, in part because it was sanctioned by the government, was that of American Telephone and Telegraph (now AT&T). This research examines the nature of competition and considers the current state of the domestic long distance market. A complete monopoly…
Read More

Arthur Andersen and Company

Arthur Andersen and Company Historical Background: The CPA firm of Anderson, DeLany & Company was founded in 1913. Eventually, this company began to offer consulting services in addition to its traditional accounting services. By 1984, the consulting business was more profitable on a per-partner basis than the traditional accounting business. By 1987, consulting had growth to represent more than 36 percent of worldwide revenues for Andersen and Company. As their contributions to the company increased, Anderson's consultants began to become more vocal in their complaints and to demand more control over the company and over the direction of their business operations. The Andersen consultants continued to complain about their employer,…
Read More

The APR of Trade Credit Offers

The APR of Trade Credit Offers Effective Rate = (1+(%discount/(100-%discount))(365/ndaysearly) - 1 (includes the daily compounding of interest) The APR of a trade credit offer will increase either with an increase in the percentage rate or with a decrease in the number of days left after the due date to pay the bill. Since these are extremely high, it is nearly always better to borrow enough money to be able to pay bills in the discount period. A company that is failing to do so is usually in a very serious cash position. ...
Read More

Air Transportation Industry

Air Transportation Industry In the early years of the twenty-first century, the air transportation industry is in a state of chaotic transition on a global basis. A souring of the global economy that began in late-2000, followed by the terrorist attacks in the United States in September 2001, wars in the Middle East, and continued deteriorations in economic activity in most areas of the world are cited frequently as the causes of the calamitous mess in the global air transportation industry. There are justifications to support each of the factors mentioned in the preceding paragraph as a causal factor of the instability in the air transportation industry. There are, however,…
Read More

Investment Planning: Savings & Annuity

Investment Planning: Savings & Annuity Case 3.1: Preparing Carolyn Bowen's Investment Plan Bowen current has available the following funds: Life Insurance Proceeds $30,000 Savings Account $25,000 Total $55,000 Placing these currently available funds in a savings account at six-percent will yield the following values at the time of retirement: These funds plus the proceeds from the sale of her house will be available to Bowen at the time of her retirement. Projected funds available at the time or retirement are as follows: Savings Account: $ 82,720 House Sale Proceeds: $ 75,000 Total $157,720 Savings Account: $ 98,505 House Sale Proceeds: $ 85,000 Total $183,505 The level amount of income that…
Read More

Monetary Policy Report

Monetary Policy Report According to Alan Greenspan in his testimony March 2, 2005, before the Committee on the Budget, U.S. House of Representatives, economic activity ôappears to be expanding at a reasonably good pace.ö He stated, however, that there is some concern about the deficits running 3.5% of GDP. Since homeland security spending is not expected to continue at the current pace, an effort should be undertaken to reduce the deficit (Greenspan, 2005). The Monetary Policy Report to the Congress echoed Mr. GreenspanÆs sentiments, pointing to a rise in employment and ôbuoyantö household spending (Monetary Policy Report, 2005). The overall economic outlook is favorable. The Federal Reserve seems to be…
Read More

Fuel Costs & the Transportation System

Fuel Costs & the Transportation System The purpose of this research was to examine the effects on transportation systems of increases of significant proportions in fuel costs. In this research, these effects were examined through a focus on such effects experienced by the passenger hauling segment of the air transportation industry. It was found that the effects of increases of significant proportions of fuel costs on transportation systems is a phenomenon with an historical precedent which is well within the memory range of most Americans, as the last experience with the phenomenon occurred only 11 years ago. It was found further that the indirect effects deriving from economic recession and…
Read More