Consulting Project

timer Asked: Feb 5th, 2019
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Question Description

hi, there are two word files, ec and minicase. there are two different works. Sanders--Convention Center is resource for ec.

just like u did before.

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Consulting Project This project requires two stages for completion – first you are to act as a consultant and second you will take on the role of a mayor who has to communicate the action plan as a result of the consultant recommendation. Part A: Consultant 1. You are employed as a consultant for a city that is investigating the possibility of building a convention center to attract tourists. Provide your recommendation to the mayor’s office regarding the construction of the center. (One recommended source for your work is a report by Professor Heywood Sanders, produced for the Brookings Institute. The report contains information about the demand for conventions and the supply of convention centers, and is provided as a link below.) I have also included some additional references to assist you with this project. You are required to find two additional sources to use in your analysis. Conflicting sources are also acceptable so long as they use sound economics in the analysis. 2. Students are required to submit a one-page executive summary with a recommendation for or against the project and you must defend your decision using economic arguments/data. A single page forces students to be concise and to think clearly about what they want to say. Use the tools that you have learned in the course for full credit (opportunity cost for example). Students may not submit more than the one page executive summary. References should be listed on a separate page. Part B: City Mayor 1. You are the Mayor of the city who is tasked with the job of conveying the final decision on the convention center project to residents and stakeholders. You must discuss both the decision itself and the justification for the decision. Utilizing evidence and data provided by the consultant, a successful communiqué should be informative and persuasive such that residents and stakeholders ultimately support the policy decision. 2. For this portion of the assignment, students are required to submit a onepage press release. Students may not submit more than the one page. Note: Your submission should be no longer than three pages – one page for the consultants executive summary, a reference page, and the one page press release. Resources: THE DECISION TO LEASE OR BUY AT WARF COMPUTERS Warf Computers has decided to proceed with the manufacture and distribution of the virtual keyboard (VK) the company has developed. To undertake this venture, the company needs to obtain equipment for the production of the microphone for the keyboard. Because of the required sensitivity of the microphone and its small size, the company needs specialized equipment for production. Nick Warf, the company president, has found a vendor for the equipment. Clapton Acoustical Equipment has offered to sell Warf Computers the necessary equipment at a price of $6.1 million. Because of the rapid development of new technology, the equipment falls in the three-year MACRS depreciation class. At the end of four years, the market value of the equipment is expected to be $780,000. Alternatively, the company can lease the equipment from Hendrix Leasing. The lease contract calls for four annual payments of $1.48 million due at the beginning of the year. Additionally, Warf Computers must make a security deposit of $400,000 that will be returned when the lease expires. Warf Computers can issue bonds with a yield of 11 percent, and the company has a marginal tax rate of 21 percent. QUESTIONS 1. Should Warf buy or lease the equipment? 2. In the leasing discussion, James informs Nick that the contract could include a purchase option for the equipment at the end of the lease. Hendrix Leasing offers three purchase options: a. An option to purchase the equipment at the fair market value. b. An option to purchase the equipment at a fixed price. The price will be negotiated before the lease is signed. c. An option to purchase the equipment at a price of $250,000. How would the inclusion of a purchase option affect the value of the lease? 3. James also informs Nick that the lease contract can include a cancellation option. The cancellation option would allow Warf Computers to cancel the lease on any anniversary date of the contract. To cancel the lease, Warf Computers would be required to give 30 days’ notice prior to the anniversary date. How would the inclusion of a cancellation option affect the value of the lease? ...
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Tutor Answer

School: Cornell University

Here you go. In case of any further inputs, please let me know.All the best!I appreciate working with you!



Consulting Project



Executive Summary
Conventions for the longest time has been the biggest fascination in the cities. Visitors tend to
spend profusely on meals, recreations, lodgings and even entertainment without due regard to
spending caps. Towns and cities with long histories of hosting conventions carry the bigger
burden of national GDPs. However, an objective analysis of the business conventions reveals
against expenses that the state and city management on putting down enviable host arrangements
reveals that profitability of hosting conventions is very much unlikely given the decline of the
overall convention market place. The decline has hugely been contributed towards by challenges
of terrorism and mass shootings that have gained attraction towards mass gatherings. Cited
specific incidences of terror and mass shooting are the 911 and the Las Vegas sporadic crowd
shootings. The two incidences are argued to have contributed to convention business market
decline in cities and major towns by 18%.
Technology has been another contributing factor. People believe they can converge and interact
through virtual connectivity aiding tools such as video conferencing and live streaming. The
excitement that technology-aided platforms come with is full filling the purpose at almost 90%
less cost compared to travelling to the convention destinations. Currently, records show that the
best-attended tradeshows compare to the early 1990s events. No, amount of energy and fanfare
can cause a magical turnaround required to get the...

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Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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