John Doe is a solo lawyer. He has been married for 15 years to a professional helicopter pilot and together they have two children ages 10 and 8 who both play soccer in the local pee-wee league. John’s office is on the same floor as two of his closest professional friends, Bob and Mary. Bob works about 50 hours a week and struggles to take home $75,000 per year “because of the economy”. Mary works half as much and grossed $450,000 last year. John’s stated goals are to net $150,000 per year, working 45 weeks per year while averaging 45 hours per week. He comes to you with the following situation and asks you for guidance, help, coaching and advice on what to do:

It’s July 15th and John’s gross revenue year-to-date is $200,000.

He has $15,000 in a/r and his year-to-date weekly average is 55 hours per week.

John’s book keeper has just informed him that in about 30 days the firm is going to exhaust cash-on-hand.

Stephen barrett,md previous writing experience ?

Onsider the following subscription behavior information from genie, a web site that provides tools for constructing a family tree (ancestor search). subscriptions cost $9.99 per month, but you are charged for the entire year at the time of purchase. there is a one-year minimum term when you sign up for the service. once purchased, subscriptions are set to renew automatically unless the subscriber cancels them. when a membership renews, it renews for a one-year term and again you are charged for the entire year. there are no variable costs associated with providing this service to an individual customer, but genie does engage in customer relationship activities that they believe will increase customer retention. these customer relationship activities cost genie about $10 per year per customer. based on a sample of 1000 customers that joined genie five years ago, near the time when the company was founded, they were able to determine how many of those customers remained subscribers in the second year, third year etc. based on this information, genie calculated the average annual retention rate to be 20%. genie uses an annual discount rate of 8%. a. last year, genie spent $10,000 placing advertisements on google. genie management believes that these advertisements were responsible for about 300 new subscribers. would you recommend to genie management that they purchase more google ads? b. suppose a newly-introduced loyalty program increases the number of customers that remained to 30%. does this new data change your answer to 9.a? c. do you have any hesitations or concerns about making recommendations to management based on your above estimate of customer lifetime value?

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false