As the Size of a Tax rises, the deadweight loss_________ A) Rises, and Tax revenue first rises, and then Falls. Please Give a Detailed Explanation to this Answer

1. The Department of Revenue wants to add more people to the unit that attempts to collect unpaid taxes through telephone contact. As a budget analyst, what questions would you ask after you receive and review the following request? Be specific, look at the data carefully.

Date: June 19, 2017

Subject: Collection Telephone Pursuit

Currently there are 19 employees working on telephone pursuits on a full-time basis. Each employee can make an average of 25 to 40 phone calls per day. The amount collected by the 19 employees for the past year is $17,858,623. If we could add an automated phone system and increase our staff by 10 full-time employees, we could double the number of phone calls made and increase our collections by 59 percent, or $8,900,000.

2. City Library Performance Measures (2013-2016)

Please refer to the above table and answer the following questions:

• 2 (a): What does the table tell us about performance of the city’s library?
• 2 (b): In your opinion, what kind of performance information is useful in this table?
• 2 (c): How could these performance measures be used in budget decisions?

19.

A firm is considering a new project that will generate cash revenue of $1,300,000 and cash expenses of $700,000 per year for five years. The equipment necessary for the project will cost $300,000 and will be depreciated straight line over four years. What is the expected free cash flow in the second year of the project if the firm's marginal tax rate is 35%?

In a lease that is recorded as a sales-type lease by the lessor, interest revenue
Select one:
a. Does not arise.
b. Should be recognized over the life of the lease by the effective interest method.
c. Should be recognized over the life of the lease by the straight-line method.
d. Should be recognized in full as revenue at the lease's inception.

What is the difference between gain and revenue? Are they reported differently on the income statement?

Describe the importance of revenue cycle management in the acute care environment and the impact it can have on the healthcare organization. In your description be sure to identify the consequences of improper revenue cycle management as it pertains to the healthcare organization as a whole.

1. For the following total revenue and total cost functions of a firm:
   TR = 802.5Q – 10Q²
   TC = (2/3)Q³ -30Q² + 672Q +4000
   

1. Determine the level of output at which the firm maximizes total profit
2. Calculate the profit
   (20 points)

• Reference problem on pp. 104-106 and graphs on p. 77.

1. Solution writes a total profit equation (TR equation minus the TC equation and simplify) and takes its derivative to get a marginal profit equation.
2. If you set the marginal profit or derivative equation equal to zero you find the points where the rate of change is zero; i.e., the peak or trough (see diagram of profit function in text).
3. To solve it you will probably want to use the Quadratic Formula. If you are unfamiliar with the Quadratic see http://www.purplemath.com/modules/quadform.htm
4. The quadratic formula gives two values of Q for which the marginal profit is zero. In the text example, they take the second derivative (the derivative of the marginal profit function) and plug in each quantity. If the 2^nd derivative is negative you have reached a peak, if negative, a trough. You can take the 2^nd derivative if you prefer but for the functions you will encounter in this course, the answer is ALWAYS THE LARGER ONE. Note that on the total profit graph (p. 77) there is both a peak and a trough. The peak occurs at the larger quantity.

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During production - If revenue is recognized during production than the prudence concept of accounting is not followed that is to provide for future losses but not for future incomes. The risk is during production it is not certain that whether goods shall be sold in current period or not so correct revenue recognition shall not be possible. As per accrual basis transaction is not been incurred and revenue must not  be recognized.

Production complete -

If revenue is recognized when production is complete than the prudence concept of accounting is not followed that is provide for future losses but not for future incomes. The risk is that it is not certain that whether goods shall be sold in current period or not so correct revenue recognition shall not be possible. As per accrual basis transaction has not been incurred and revenue must not be recognized.

Receiving order from customer - This is also not a correct stage to recognize sale, receiving order do not guarantee that sales will in current accounting period or order might get cancelled too thus it is not good basis to recognize sales. As per accrual basis transaction has not been incurred and revenue must not be recognized.

Point of sales - This is correct stage to recognize sales as per accrual basis transaction has bees incurred and revenue must be recognized.

Cash collections - Cash collection does not guarantee recognition of sales as cash can be collected in different accounting period other than period in which transaction is incurred. Thus it has risk of not recognizing revenue in proper accounting period.

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My role in Professional Services for a SAAS company.  

What is the relative share of Google and Facebook in regard to “attention” vs “revenue?”

Discuss how to distinguish between the accounting for capital expenditures and revenue expenditures.