5. John the plumber has the following weekly demand for repairs by his business: Q = 2,000 – 10(P) Q = quantity of repairs demanded by customers per week. P = average price per repair. John chooses the price to charge to his customers (cause). The result (effect) will be the total number of repairs his customers want per week.

A. Draw the demand curve faced by John the plumber. Numerically label its two end points. B. Create the table of numbers: P Q TR MR P = average price per repair. You may skip numbers for price changes by $10 at a time. TR = Total Revenue = PQ MR = Marginal Revenue = (change in TR)/(change in Q) Draw the MR curve on the diagram, as well/ C. The MC (Marginal Cost) to John per repair is $20. What price (P) will be charged per repair, and how many repairs (Q) per week? Show it on your diagram with solved numbers. D. Label the Consumer Surplus on your diagram. Define Consumer Surplus, as well.

5. John the plumber has the following weekly demand for repairs by his business:

Q = 2,000 – 10(P)

Q = quantity of repairs demanded by customers per week.

P = average price per repair.

John chooses the price to charge to his customers (cause). The result (effect) will be the total number of repairs his customers want per week.

A.      Draw the demand curve faced by John the plumber. Numerically label its two end points.

B.      Create the table of numbers: P Q TR MR

P = average price per repair. You may skip numbers for price changes by $10 at a time.

TR = Total Revenue = PQ

MR = Marginal Revenue = (change in TR)/(change in Q)

Draw the MR curve on the diagram, as well/

C.      The MC (Marginal Cost) to John per repair is $20. What price (P) will be charged per repair, and how many repairs (Q) per week? Show it on your diagram with solved numbers.

D.      Label the Consumer Surplus on your diagram. Define Consumer Surplus, as well.

Clarks Inc., a shoe retailer, sells boots in different styles. In early November the company starts selling “SunBoots” to customers for $65 per pair. When a customer purchases a pair of SunBoots, Clarks also gives the customer a 30% discount coupon for any additional future purchases made in the next 30 days. Customers can’t obtain the discount coupon otherwise. Clarks anticipates that approximately 20% of customers will utilize the coupon, and that on average those customers will purchase additional goods that normally sell for $110.

Required:
1. How many performance obligations are in a contract to buy a pair of SunBoots?
2. Prepare a journal entry to record revenue for the sale of 1,500 pairs of SunBoots, assuming that Clarks uses the residual method to estimate the stand-alone selling price of SunBoots sold without the discount coupon.

(7) On the Histogram worksheet, calculate all frequencies of the distribution using the table shown. (To three decimal places) The relative frequency of all values in the (X ≤ 7) range is ______.

(8) On the Histogram worksheet, calculate all frequencies of the distribution using the table shown. (To three decimal places) The relative frequency of all values in the (9 ≤ X ≤ 18) range is ______.

(9) On the Histogram worksheet, calculate all frequencies of the distribution using the table shown. (To three decimal places) The relative frequency of all values in the (X ≥ 15) range is ______.

(10) On the Histogram worksheet, calculate all frequencies of the distribution using the table shown. (To three decimal places) The relative frequency of all values in the (12 ≤ X < 20) range is ______.

You want to assist customers in building trust with your company. Discuss with your manager three VPN deployment trust building measures that can be used to support these customers, and comment on the related cost to achieve them.

Scores of an IQ test have a​ bell-shaped distribution with a mean of

100

and a standard deviation of

13

Use the empirical rule to determine the following.

​(a) What percentage of people has an IQ score between

87

and

113​?

​(b) What percentage of people has an IQ score less than

74

or greater than

126​?

​(c) What percentage of people has an IQ score greater than

126​?

Scores of an IQ test have a​ bell-shaped distribution with a mean of 100 and a standard deviation of 13. Use the empirical rule to determine the following. ​

(a) What percentage of people has an IQ score between 61 and 139?

​(b) What percentage of people has an IQ score less than 74 or greater than 126? ​

(c) What percentage of people has an IQ score greater than 113? ​

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux’s accounting records is provided also.

DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 000s) 2018 2017

Assets Cash $ 57 $ 32

Accounts receivable 56 71

Less: Allowance for uncollectible accounts (5 ) (4 )

Dividends receivable 5 3

Inventory 79 62

Long-term investment 39 22

Land 123 64

Buildings and equipment 213 274

Less: Accumulated depreciation (37 ) (74 )

$ 530 $ 450

Liabilities

Accounts payable $ 25 $ 44

Salaries payable 5 6

Interest payable 7 4

Income tax payable 19 22

Notes payable 59 0

Bonds payable 119 82

Less: Discount on bonds (14 ) (27 )

Shareholders' Equity Common stock 222 212

Paid-in capital—excess of par 36 32

Retained earnings 67 75

Less: Treasury stock (15 ) 0

$ 530 $ 450

DUX COMPANY Income Statement For Year Ended December 31, 2018 ($ in 000s)

Revenues

Sales revenue $ 310

Dividend revenue 7

$ 317

Expenses

Cost of goods sold 132

Salaries expense 37

Depreciation expense 29

Bad debt expense 1

Interest expense 20

Loss on sale of building 7

Income tax expense 29

255

Net income $ 62

Additional information from the accounting records: A building that originally cost $88,000, and which was three-fourths depreciated, was sold for $15,000.

The common stock of Byrd Corporation was purchased for $17,000 as a long-term investment.

Property was acquired by issuing a 12%, seven-year, $59,000 note payable to the seller.

New equipment was purchased for $27,000 cash. On January 1, 2018, bonds were sold at their $37,000 face value.

On January 19, Dux issued a 3% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time.

Cash dividends of $56,000 were paid to shareholders.

On November 30,000 shares of common stock were repurchased as treasury stock at a cost of $15,000.

Required: Prepare the statement of cash flows for Dux Company using the indirect method. (Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. (i.e., 10,000 should be entered as 10).))