Assets such as receivables, inventory, and property, plant, and equipment are the key resources used to help an organization generate revenue. Select a specific asset within these three types and discuss how a company can use this to generate revenue.

further explanation

select one of the asset accounts in the discussion topic. Provide an illustration/example of a transaction that would occur from the organization generating revenue. Clearly describe an example and reflect both the debit and credit entries one would record. Then, explain how those entries (both the debit and the credit) affect the income statement and the balance sheet. Then describe how the transaction generates revenue for the company.

First, provide a description of each of the accounts noted in the topic and explain what each one represents. Second, provide the illustration/example, and third, explain how it represents the generation of revenue. 2-3 paragraphs, minimum of 2 citations

The Ajax Manufacturing Company is selling in a purely competitive market. Its output is 100 units, which sell at $4 each. At this level of output, total cost is $600, total fixed cost is $100, and marginal cost is $4. The firm should

A purely competitive seller should produce (rather than shut down) in the short run

More images for certain company produces and sells frozen pizzas to public schools throughout the eastern United States. Using a very aggressive marketing strategy, they have been able to increase their annual revenue by approximately $10 million over the past 10 years. But increased competition has slowed their growth rate in the past few years. The annual revenue, in millions of dollars, for the previous 10 years is shown.

Year Revenue

1. 8.43

2. 10.94

3. 13.08

4. 14.11

5. 16.21

6. 17.21

7. 18.37

8. 18.55

9. 18.50

10. 18.33

(a.) construct a time series plot, determine the appropriateness of the linear trend.

(b.) develop a quadratic trend equation that can be used to forecast revenue.

(c) Using the trend equation developed in part (b), forecast revenue (in millions of dollars) in year 11.

Surprise! Jamie Lee and Ross were stunned to find that their family of two has grown to a family of five! They were expecting twins, but when the babies were born, they discovered that they were actually the parents of triplets!

Ross immediately had worries of being able to provide for the growing family: diapers, formula, college expenses times three! What if something happened to him or Jamie Lee? How would the surviving parent be able to provide for such a large family?

Jamie Lee and Ross decided to purchase life insurance for Ross because his is the higher income at this time and because it would be more devastating if his income was lost due to his death. They have allowed $8,500 for funeral costs.

Calculate their living expenses for 6 months to include all monthly expenses, excluding credit card debt and entertainment. Note that Ross's mother lives close and will be providing childcare to their triplets once Jamie Lee goes back to work at the bakery for half days. His mom will have a hired nanny to assist, which will cost them $1,200 a month. Use the table below to determine the amount Jamie Lee and Ross should use when shopping for life insurance. Each answer must have a value for the assignment to be complete. Enter "0" for any unused categories.

Current Financial Situation

Surprise! Jamie Lee and Ross were stunned to find that their family of two has grown to a family of five! They were expecting twins, but when the babies were born, they discovered that they were actually the parents of triplets!

Ross immediately had worries of being able to provide for the growing family: diapers, formula, college expenses times three! What if something happened to him or Jamie Lee? How would the surviving parent be able to provide for such a large family?

Jamie Lee and Ross decided to purchase life insurance for Ross because his is the higher income at this time and because it would be more devastating if his income was lost due to his death. They have allowed $8,500 for funeral costs.

Calculate their living expenses for 6 months to include all monthly expenses, excluding credit card debt and entertainment. Note that Ross's mother lives close and will be providing childcare to their triplets once Jamie Lee goes back to work at the bakery for half days. His mom will have a hired nanny to assist, which will cost them $1,200 a month. Use the table below to determine the amount Jamie Lee and Ross should use when shopping for life insurance. Each answer must have a value for the assignment to be complete. Enter "0" for any unused categories.

Current Financial Situation

2) A certain company does research and believes that the quantity, Q, that will be demanded by consumers is related to the price by the function ?(?) = 25000 − 320?2.

a) Find a formula for revenue, R(p). Then use your formula to find the total revenue when selling the items at $1.50 each, and find the total revenue when selling the items at $8.50 each. Show your work.

b) Use the revenue function and calculus to solve for the price that creates the highest revenue.
Show all work/clearly explain all steps to use calculus to solve the problem. You can use Excel to solve the equation, but you must clearly show what equation is being solved and explain your process. Write a complete sentence to explain what your answer tells us about the revenue.

c) Find a formula for elasticity of demand E(p). Then use your formula to find the elasticity when
the price of each item is $1.50, and find the elasticity when the price of each item is $8.50. Show your work. Then write a complete sentence to interpret the meaning in context including an explanation of whether or not it is elastic or inelastic at each price as well as whether or not they should or should not raise the price.

d) Use the elasticity function to solve for when the price elasticity of demand is equal to −1. Show the equation you are solving. You can solve the equation using Excel or you can solve by hand. Write a complete sentence to explain what your answer tells us about the revenue.

e) What do you notice about your answers to part ii) and part iv)? Write a short paragraph describing two methods that can be used to solve for the maximum revenue if we have a revenue function.

Target Case (Static) [LO6-2, 6-6, 6-7]

Target Corporation prepares its financial statements according to U.S. GAAP. Target’s financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material also is available under the Investor Relations link at the company’s website (www.target.com).

Required:
1. On what line of Target’s income statement is revenue reported? What was the amount of revenue Target reported for the fiscal year ended February 3, 2018?



2. Disclosure Note 2 indicates that Target generally records revenue in retail stores at the point of sale. Does that suggest that Target generally records revenue at a point in time or over a period of time? Explain.



3. Disclosure Note 2 indicates that customers (“guests”) can return some merchandise within 90 days of purchase and can return other merchandise within a year of purchase. How is Target’s revenue and net income affected by returns, given that it does not know at the time a sale is made which items will be returned?



4. Disclosure Note 2 indicates that “Commissions earned on sales generated by leased departments are included within sales and were $44 million . . . in 2017.” Do you think it likely that Target is accounting for those sales as a principal or an agent? Explain.



5. Disclosure Note 2 discusses Target’s accounting for gift card sales. Does Target recognize revenue when it sells a gift card to a customer? If not, when does it recognize revenue? Explain.



6. Disclosure Note 4 discussed how Target accounts for consideration received from vendors, which they call “vendor income.” Does that consideration produce revenue for Target? Does that consideration produce revenue for Target’s vendors? Explain.

Target Case (Static) [LO6-2, 6-6, 6-7]

Target Corporation prepares its financial statements according to U.S. GAAP. Target’s financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material also is available under the Investor Relations link at the company’s website (www.target.com).

Required:
1. On what line of Target’s income statement is revenue reported? What was the amount of revenue Target reported for the fiscal year ended February 3, 2018?



2. Disclosure Note 2 indicates that Target generally records revenue in retail stores at the point of sale. Does that suggest that Target generally records revenue at a point in time or over a period of time? Explain.



3. Disclosure Note 2 indicates that customers (“guests”) can return some merchandise within 90 days of purchase and can return other merchandise within a year of purchase. How is Target’s revenue and net income affected by returns, given that it does not know at the time a sale is made which items will be returned?



4. Disclosure Note 2 indicates that “Commissions earned on sales generated by leased departments are included within sales and were $44 million . . . in 2017.” Do you think it likely that Target is accounting for those sales as a principal or an agent? Explain.



5. Disclosure Note 2 discusses Target’s accounting for gift card sales. Does Target recognize revenue when it sells a gift card to a customer? If not, when does it recognize revenue? Explain.



6. Disclosure Note 4 discussed how Target accounts for consideration received from vendors, which they call “vendor income.” Does that consideration produce revenue for Target? Does that consideration produce revenue for Target’s vendors? Explain.

1. Given the function M(t) = 2t3 - 3t2 - 36t, find the critical values and determine, using both the second derivative test and a sign chart, the nature of these values.
2. A projectile is launched with a velocity of 22 m/s at 50° to the ground. Determine its horizontal and vertical velocities.
3. Two trains start from the same point at the same time, one going east at a rate of 40 km/h and the other going south at 60 km/h, as shown in the diagram at right. Find the rate at which they are separating after 1 h of travel.
4. A professional basketball team plays in a stadium that holds 23,000 spectators. With ticket prices at $60, the average attendance had been 18,000. When ticket prices were lowered to $55, the average attendance rose to 20,000. Based on this pattern, how should ticket prices be set to maximize ticket revenue?
5. Corey is asked to find the maximum value of a function. Not having a complete understanding of the process, Corey decides to find the derivative of the function, set it equal to zero, and solve. The resulting value, Corey reasons, will yield the maximum point. Explain fully why Corey's method is flawed.
6. A 5,000 m_ rectangular area of a field is to be enclosed by a fence, with a moveable inner fence built across the narrow part of the field, as shown.The perimeter fence costs $10/m and the inner fence costs $4/m. Determine the dimensions of the field to minimize the cost.
7. The following table displays the number of HIV diagnoses per year in a particular country.
Year 1997 1998 1999 2000 2001 2002 2003 2004 2005
Diagnoses 2512 2343 2230 2113 2178 2495 2496 2538 2518
a. Using Curve Expert or another curve modelling program, determine an equation that can be used to model this data.
b. Using this model, estimate the number of diagnoses in 1996 and in 2006.
c. At what rate would the number of diagnoses be changing in 2006?
d. Halfway through 2006, the number of new HIV diagnoses was found to be 1232. Assuming this rate stays fairly constant for the remainder of the year, does this new information change the modelling equation? If so, how would this change your answer to part (c)? If you were an advocate for furthering HIV and AIDS research and treatment programs, would you be encouraged or discouraged by these results?

In a competitive market which of the following is the firm’s demand curve?

The average total cost curve

The average revenue curve

The marginal revenue curve

The marginal cost curve