The market demand for a hamburger is given by the equation Qd=6-0.5P

1. Derive the market demand schedule and the toral revenue if the price per hamburger takes the following values: $12, $10, $6, $6, $4, $2, $0.
2. Using this information about demand and the total revenue, draw the demand and TR revenue curves.
3. Use the point elasticity formula, compute the price elasticity of demand at each hamburger price and show the relationship between the price elasticity of demand and the total revenue for each price on the demand curve you have drawn.   

As an economist working for the Minnesota Department of Natural Resources, you project the state will collect $1.7 million every year in revenue from cross-country ski passes. All ski pass revenue collected during the year is deposited in an account that earns 7.5 percent nominal return per year. Assuming inflation is projected at 3.3 percent per year over the next 15 years:

A. What is the nominal value of the account after 15 years of collecting ski pass revenue (each year, you collect $1.7 million)? Assume the first deposit of ski pass revenue will be made into this account in one year. (4 pts)

B. What is the real (inflation adjusted) interest rate earned on this account? Note: looking for a rate, not a value the ski pass revenue in the account.

Vernon Company has an opportunity to purchase a forklift to use in its heavy equipment rental business. The forklift would be leased on an annual basis during its first two years of operation. Thereafter, it would be leased to the general public on demand. Vernon would sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow: Year Nature of Item Cash Inflow Cash Outflow 2018 Purchase price $ 94,800 2018 Revenue $ 38,500 2019 Revenue 38,500 2020 Revenue 27,500 2020 Major overhaul 9,700 2021 Revenue 24,500 2022 Revenue 22,500 2022 Salvage value 8,500 Required a.&b. Determine the payback period using the accumulated and average cash flows approaches.

The Brew House needs to decide which of two coffee maker designs is better environmentally. Using the following? tables, determine which model is the better design alternative.

Revenue retrieval for Brew Master= $

Revenue retrieval for Brew Mini= $

The best design alternative is

?(round your response to two decimal? places).

Kay Company receives a cash payment of $4,000 on November 12 for services it will perform in December. Assume that December 31 is Kay Company’s fiscal year end. What adjusting journal entry should Kay record at December 31 related to the payment received in November?

Question 3 options:

Question 4 (1 point)

The employees of Kay Company work during the last week of the December and earn $5,000 of wages. Kay Company’s regular payroll cycle will pay the paychecks for the December work in January. According to the expense recognition principle (accrual accounting), when will Kay Company recognize the expense from the employees’ labor?

Question 4 options:

Exercise 6-19 (Algo) Long-term contract; revenue recognition over time and at a point in time [LO6-9] Assume Nortel Networks contracted to provide a customer with Internet infrastructure for $2,100,000. The project began in 2021 and was completed in 2022. Data relating to the contract are summarized below: 2021 2022 Costs incurred during the year $ 308,000 $ 1,615,000 Estimated costs to complete as of 12/31 1,232,000 0 Billings during the year 390,000 1,640,000 Cash collections during the year 270,000 1,760,000 Required: 1. Compute the amount of revenue and gross profit or loss to be recognized in 2021 and 2022 assuming Nortel recognizes revenue over time according to percentage of completion. 2. Compute the amount of revenue and gross profit or loss to be recognized in 2021 and 2022 assuming this project does not qualify for revenue recognition over time. 3. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2021 assuming Nortel recognizes revenue over time according to percentage of completion. 4. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2021 assuming this project does not qualify for revenue recognition over time.

You are evaluating a s project that develops AI cars. You dont have firm-level data,. For this project, you will need take a top-down valuation approach.
• The revenue of the transportation market is $50 billion dollars in the year of 2019. Its growth rate in 2020 is -5, in 2021 it is 3%, and goes 0%, 0%, 1%, 1%, 2%,2%,2%,2%,2% which ends in 2030.
• The current revenue share of the AI industry in the transportation market is 0%. The revenue share will rise in the year of 2025. It will then stabilize to 40% in the year of 2030.
• 10% is the discount rate in the industry

a. You use linear interpolation to estimate the AI car industry’s revenue share between 2025 to 2030. In 2024 the market share is 0; in 2030, the market share is 40%. From 2025 to 2030 (including 2025 and 2030), the increase in the revenue share relative to the previous year is a constant. What is the AI car industry’s market share as of 2029?
b. What is the AI car industry’s total revenue in 2030?
c. What is the present value of the AI car industry’s total revenue from 2020 to 2030? Discount all cash flows back to the year of 2019 (in billions $)?