The demand function for a good is Q=1200-P while the supply functions is Q=-200+P. World price is $300 and the nation is is imposing a quota of 200 units.

a. Graph the demand and supply function to scale and label axis and intercepts.

b. Determine the quantity demanded before and after the quota.

c. Determine the quantity supplied before and after the quota.

d. Determine the quantity imported before and after the quota.

e. Determine the consumer surplus before and after the quota.

f. Determine the producer surplus before and after the quota.

g. Determine government cost of the quota.

h. Determine the dead weight loss.

i. Identify on the graph in part (a) the dead weight loss.

Manal Pvt.Ltd. budgeted income statement for 1st quarter 2020
Description
JANUARY
FEBRUARY
MARCH
Sales
285,000
323,000
221,000
Purchases
129,000
168,000
95,000
Wages
35,000
37,000
30,000
Supplies
26,000
23,000
21,500
Utilities
6,500
8,700
7,200
Rent
15,000
12,800
13,600
Insurance
12,000
12,000
12,000
Advertising
24,500
28,500
18,000
Depreciation
20,000
20,000
20,000
Net Profit
17,000
13,000
3,700

Manal Receivable Trend:
30% of Sales are collected in the month of sale, 30% of Sales are collected after the month of sale. 40% of Sales are collected two months after the sale is made

Manal Payable Trend:
10% of Purchases are paid for in the month of purchase, 35% of Purchases are paid after the month of purchase, and 55% of Purchases are paid two months after the purchase is made

Additional Information:

Rent and Insurance expense were prepaid at the end of 2020
All other expenses are paid for in the month they were incurred

November Sales = 195,000 November Purchases = 100,000
December Sales = 250,000 December Purchases = 165,000

Please see attached Budgeted Income Statement for 1st Quarter 2020

Required:
Calculate to show Jan-Mar 2020 cash collection from sale, cash payment of purchases and total expenses each month separately on the basis of above given data.

How did you feel about your new position as programmer Analyst? Do you feel your academic preparation which is MBA has been sufficient for you to be able to fulfil your current job expectations? Explain why or why not.

PLEASE ANSWER IN 350 WORDS AND IN WORD FORMAT ONLY.

THANKS

For some reason another programmer has asked you to write a function.

The function is called getWarYear ( ) It has one parameter , an integer.

if it is 1 return a random number in the range of 1914 to 1919.

if it is 2 return a random number in the range of 1938 to 1945.

Since the function is returning an year the data type of the return value is an integer.

Question 2.
A programmer has to develop an instant messaging app used in mobile phone. He is considering the computer instruction set architecture of either RISC or CISC and the programming method of either translation or interpretation.
(a) Suggest and justify the most suitable instruction set architecture.
(b) Suggest and justify the most suitable programming method

Riverbed Inc. applies ASPE and had the following statement of financial position at the end of operations for 2019: RIVERBED INC. Statement of Financial Position December 31, 2019 Cash $50,500 Accounts payable $ 93,000 Accounts receivable 90,000 Long-term debt 85,000 Inventory 82,000 Common shares 100,000 Machinery (net) 125,000 Retained earnings 89,500 Trademarks 20,000 $367,500 $367,500 During 2020, the following occurred: 1. Jia Inc. sold some of its trademarks. The trademarks had an unlimited useful life and a cost of $10,000. They were sold for proceeds of $19,500. 2. Machinery was purchased in exchange for long-term debt of $40,000. 3. Long-term debt in the amount of $15,200 was retired before maturity by paying $15,200 cash. 4. An additional $12,000 in common shares was issued. 5. Dividends totalling $13,500 were declared and paid to shareholders. 6. Net income for 2020 was $44,000 after allowing for depreciation of $19,000. 7. Machinery with a carrying value of $18,000 was sold at a gain of $7,000. 8. At December 31, 2020, Cash was $68,800; Accounts Receivable was $111,000; Accounts Payable was $83,000 and Inventory increased to $107,000. Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show 2.Prepare the statement of financial position as it would appear at December 31, 2020. (List Assets in order of liquidity.) 3. Calculate the following ratios: (Round current cash debt coverage ratio and cash debt coverage ratio answers to 2 decimal places, e.g. 52.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 1. Free cash flow $ 2. Current cash debt coverage ratio to 1 3. Cash debt coverage ratio to 1

Before the audit report was signed, the audit team encountered the following situation. Treat each situation independently and assume the remaining financial statements are fine. The audit report was signed on 5 August 2020, The financial statements were signed by the BoD on the same day, which was subsequently released to shareholders on 12 August 2020.

1) A property owned by Cook’s Furniture Ltd was sold to Lidia Preston, the wife of Howard Cook in June 2020 (refer to case description in part A). The property has a market value of four million and was sold at 3.2 million. Management did not disclose this in the financial statement because they believed this was a private matter. The disposal of this asset has been appropriately accounted for on the financial statements (e.g. the asset was removed from PPE and the loss of disposal was correctly recognised as an expense).

2) The subsequent selling price of the ready-made furniture range suggests the inventory valuation as at 30 June 2020 should be written down by $48,000 but management only wrote $38,000 off as per the financial statements because they were confident that they can increase the selling price again in 2021 after people settling back to normality.

3) Carl Cook decided to retire in 2021 due to health reasons, Carl is willing to sell his shareholding to the remaining shareholders. However, the BoD decided to explore the potential of selling the business. By the time to sign the 2020 financial statements, the company has not commenced a negotiation with any potential buyer. The BoD said to the auditor that they may not sell the business if they cannot get a good deal. Carl’s retirement decision is disclosed on the financial statements, but not the intention to sell the business.

REQUIRED:

For each of the above situation:

a) Discuss the audit procedure that the auditor needs to perform in relation to each situation.

b) Explain which audit opinion is appropriate for each situation.

From inception, 3M has been an innovator, bringing a stream of new products and services to market, creating value for customers, having sustainable advantage over competitors, and delivering sizable returns for investors. Thanks to the predecessor, 3M had lower costs, was highly efficient, and much more profitable. But it no longer ranks among the most innovative firms in the world. In fact, the use of Six Sigma procedures appears to be inversely related to product innovation. If that’s the case, should 3M continue to focus on using Six Sigma procedures to reduce costs and increase efficiencies, or should it strive again to encourage its scientists and managers to focus on innovation? Which of these will make 3M more competitive in the long run?

When people think of innovation, they tend to think of game-changing advances that render current products obsolete, for example, comparing the iPhone to text-based “smartphones.” Innovation, however, also occurs with lots of incremental changes over time. What are the advantages and disadvantages for 3M of each approach (experiential and compression), and when and where would each be more likely to work?

Finally, some companies innovate from within by successfully implementing creative ideas in their products or services. Sometimes, though, innovation is acquired by purchasing other companies that have made innovative advances. For example, although Google is generally rated as one of the most innovative companies in the world, most people have forgotten that Google bought YouTube to combine its search expertise with YouTube’s online video capabilities. Over time, how much should companies like 3M rely on acquisitions for innovation? Should 3M acquire half, one-third, ten percent, or five percent of its new products through acquisitions? What makes the most sense and why?

If you were in charge at 3M, what would you do?

Classify each of the following thermodynamic systems as “open”, “closed”, or “isolated”. For “open” or “closed”, specify how matter or energy can be transferred between the system and surroundings.

(a) Root beer in an unopened can

(b) Root beer in an open can

(c) A LED lamp (off)

(d) A LED lamp (lit by an external electrical circuit)

(e) A frog.

(f) Ice, liquid water, water vapor, and air in a sealed, perfectly insulated thermos bottle

(g) The Sun.

If you were a worker member of a union involved in collective bargaining for a new labor contract with management, and the union representatives and management representatives could not agree and were at an impasse, and your union representatives held a meeting of all the workers, including you, and presented the option to the workers to go on strike, discuss all of your concerns, both pro and con, as to whether you would vote to go on strike or to not go on strike.What measures can an employer take to prepare for a possibility of a strike?What are the pros and cons a worker faces today as to whether or he/she should join a union? Discuss in some detail the options of a strike, a lockout, a work slowdown, and a contract provision for the use of arbitration.