Economics of Enterprise Answers

it the income elasticity of demand for hormone-free milk is estimated as =5.0, briefly define what this means and what it implies abot th nature of the product

explain and show graphically how this market would be affected if there is an increase in the number of dairy farmers that produce hormone-free milk at the same time in south african consumers chose to be more healthy

Prepare a cash budget for three months ending on 30th June, 2012 :

Month Sales Materials Wages Overheads
February 14,000 9,600 3,000 1,700
March 15,000 9,000 3,000 1,900
April 16,000 9,200 3,200 2,000
May 17,000 10,000 3,600 2,200
June 18,000 10,400 4,000 2,300
a Credit terms are:
Sales and debtors –10% of sales are on cash, 50% of credit sales are collected in the next month and the balance in the following month:
Creditors Materials 2 months Wages ¼ month Overhead ½ Month
b Cash and bank balance on 1st April, 2012 is expected to be 6000
c Other relevant information are:
1 Plant and Machinery will be installed in February 2012 at a cost of 96000. The monthly installments of 2000 is payable from April onwards
2 Dividend @ 5% on Preference Share Capital of 200000 will be paid on 1st June
3 Advance money is to be received from sale of vehicle of 9000 in June
4 Dividends from investments amounting to 1,000 are expected to be recieved in June
5 Income tax(advance) to be paid in June is 2000

1.The world‟s largest democracy and an emerging superpower- the India shining story has captivated the world. And yet ,the truth is that Indian state has an abysmal record on vital HDI parameters, as a recent UNDP report finds. The gap in HDI between India and the developed world or even BRIC countries remains significant. So can we call Indian Economy-tied down or rising star.
Decode the India story comparing with Brazil, Russia, China, South Africa, Norway, US
on the basis of HDI ,Per Capita GDP, Educational and health status, Infrastructure (Road Network, No of Cities,Telecom ,Safe drinking water, etc)
Level of corruption, Forest cover, population living in poverty,Distribution of income and wealth,population in urban areas and any other criteria which you find interesting.(Make a Report Card )

explain the most important information you would require on which to base sound economic judgments. Explain your rationale

describing the individual, corporate, and government financial management impacts of the upcoming 2012 presidential elections

first give introduction on this topic then
factors affecting the demand for mobile phones according to college student ,old man,businessman.

oligopoli market

Bargaining outcomes in a market-related situation are in general indeterminate and not obvious to the parties in the negotiation. Develop a bargaining situation from which you would conclude that access to market-related information does in fact affect the outcomes.