JCPenny entered into a contract with Emma. The contract begins on May 1 and ends on November 31, 2020. JCpenny will exchange 100 of their most popular watches at a discount as well as 100 glasses for brand-specific marketing. The regular wholesale price of the shirts is $65. JcPenny expects the cost to produce each mask will be $6. All goods that they sell have a profit margin of about 54%. Being able to carry these exclusive products is important to Emma so they have agreed to pay $7,000 in marketing over the life of the contract. JcPenny management recognizes $7,000 as revenue when the contract is signed on April 1st. Fifty shirt and mask sets will be delivered on May 1, twenty-five on June 1, and twenty-five on August 1.

1) Transaction price of Contract?

2) Estimate of Wholesale price  of glasses and Discount company Emma recieved on Watches

3)Allocation of Transaction price

Rapid Industries has multiple divisions. One division, Iron Products, makes a component that another division, Austin, is currently purchasing on the open market. Iron Products currently has a capacity to produce 510,000 components at a variable cost of $5.50 and a full cost of $9.00. Iron Products has outside sales of 480,000 components at a price of $14.00 per unit. Austin currently purchases 40,000 units from an outside supplier at a price of $11.00 per unit. Assume that Austin desires to use a single supplier for its component. a. What will be the effect on Rapid Industries’ operating profit if the transfer is made internally? Assume the 40,000 units Austin needs are either purchased 100% internally or 100% externally. b. What is the minimum transfer price? (Round your answer to 2 decimal places.) c. What is the maximum transfer price? (Round your answer to 2 decimal places.)

1. Two types of customers make up the market for Armoyas. There are 100 type A customers, each of whom is willing to pay up to $10 for an Armoya. There are 50 type B customers, each willing to pay up to $8 for an Armoya. No customer wishes to buy more than a single Armoya. The monopolist cannot differentiate between the types of customer. The average and marginal cost of production is constant at $6/Armoya.

a)What is the selling price of the good, and how much profit does the monopolist make?

b) The monopolist is offered the opportunity to advertise Armoyas at a cost of $80. The advertisement is predicted to attract another 100 type B customers. Will the advertisement be placed? What is the selling price of the good, and how much profit does the monopolist make?

c) Suppose the advertisement attracts no new customers, but raises the price all existing customers are willing to pay by $1. Will the advertisement be placed? What is the selling price of the good, and how much profit does the monopolist make?

5. You own goods A and B. You are considering increasing price of good A by 10%. Here is the information you have

Pa = 20

Qa = 1000

For each $1 increase in Pa, Qa will decrease by 100.

Pb = 12

Qb = 750

For each $1 increase in Pa, Qb will increase by 100.

(The point of this exercise is to have you do everything the long way then use the delta r formula so you can see the difference)

h. What is the own price elasticity for good A?

i. What is the cross price elasticity of A and B?

j. Calculate the change of revenue using the formula provided in class.

k. Explain why the two methods have different answers.

l. To calculate the change in total revenue from the price change, which method do you prefer? Doing parts a-g or doing part h-j? Briefly explain.

You want to see graphically the effect of changing the standard deviation of a Normal distribution. Let μ = 100 for both distributions, but let σ = 10 for one and σ = 16 for the other distribution. Recall that for each distribution the first value should be 3σ below the mean of 100, and the last value should be 3σ above the mean of 100. When MINITAB creates the X values for you, for both distributions this time set the data IN STEPS OF 2. Overlay the two density functions on the same graph (in MINITAB), and paste in the box below. [PLEASE SHOW STEPS ON HOW TO DO THIS IN MINITAB]

Widget Inc. is just starting operations. Following are the first week’s financial transactions. Set up the ending B/S and the period I/S for Widget Inc.

1. Sell $10,000 worth of common stock
2. Buy 10 widgets for $100
3. Purchase $1,500 worth of equipment
4. Sell 5 widgets at $150 each to Smith on credit
5. Buy $10 widgets on credit from Jones Supply for $100 each
6. Borrow $500 from National Bank and Trust
7. Pay wages of $100
8. Pay federal tax of $20
1. Pay rent of $50
10. Pay dividends of $30
11. End of month

You are given the sample mean and the population standard deviation. Use this information to construct the​ 90% and​ 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. If​ convenient, use technology to construct the confidence intervals.

A random sample of 55 home theater systems has a mean price of ​$136.00. Assume the population standard deviation is ​$18.60.

a) The​ 90% confidence interval is ​____

b) The​ 95% confidence interval is ____

c) Interpret the results. Choose the correct answer below.

a.

With​ 90% confidence, it can be said that the population mean price lies in the first interval. With​ 95% confidence, it can be said that the population mean price lies in the second interval. The​ 95% confidence interval is wider than the​ 90%.

b.

With​ 90% confidence, it can be said that the sample mean price lies in the first interval. With​ 95% confidence, it can be said that the sample mean price lies in the second interval. The​ 95% confidence interval is wider than the​ 90%.

c.

With​ 90% confidence, it can be said that the population mean price lies in the first interval. With​ 95% confidence, it can be said that the population mean price lies in the second interval. The​ 95% confidence interval is narrower than the​ 90%.

Assume there are two firms in two different industries. The marginal cost of the first firm is $30, and its price is $38. The marginal cost of the second firm is $22, and its price is $26. Calculate first the Lerner Index for each firm. Then use it to calculate the markup factor for each firm. Which firm has a higher markup factor over marginal cost?

Please explain your answer

Need assistance with this! Thanks in advance!

• Label all axes (P, Q)
• Label all lines/curves (Demand, Supply)
• Label all relevant equilibrium points
• Label intercepts for your linear demand and supply. (Intercepts are the points where the lines intersect the axes. For example, if a demand curve intersects the price axis at P=100, indicating that at P=100, 0 units are demanded, you should label that point on the axis with the price of 100).
• Please limit your depictions of supply and demand only to the non-negative values of P and Q (e.g., utilize only Quadrant 1 of the coordinate plane)

Question 1

Suppose you have been hired by a research firm trying to understand the market for Widgets (a hypothetical product). Your analysis of the data indicates that the Demand curve for Widgets is estimated to be linear and given by equation Q_d = 100 – P and the Supply curve for Widgets appears to be linear as well and is estimated as Q_s = 3P – 20. Graphically draw these two curves, labeling all relevant points (such as intercepts for each line) on the horizontal and vertical axes.

Question 2

Given that Demand is Q_d = 100 –P and Supply is Q_s = 3P – 20, your next assignment is to compute the equilibrium Price and Quantity in the market for Widgets. Indicate these values on the graph.

Question 3

The firm that hired you has estimated that improvements in Widget quality tastes will cause the Demand curve to change to Q_d = 140 –P.   If the Supply curve remains the same (Q_s = 3P – 20), graphically draw these two curves, labeling all relevant points on the horizontal and vertical axes.

Question 4

Given that New Demand is Q_d = 140 – P and Supply is Q_s = 3P – 20, your next assignment is to compute the new equilibrium Price and Quantity in the market for Widgets. Indicate these values on the graph.

Please utilize well-executed, clearly constructed one graph for showing responses to all questions. You do not have to reproduce the graph for each question. Please remember to: · Label all axes (P, Q) · Label all lines/curves (Demand, Supply) · Label all relevant equilibrium points · Label intercepts for your linear demand and supply. (Intercepts are the points where the lines intersect the axes. For example, if a demand curve intersects the price axis at P=100, indicating that at P=100, 0 units are purchased, you should label that point on the axis with the price of 100).

Question 1 Suppose you have been hired by a research firm trying to understand the market for Widgets (a hypothetical product). Your analysis of the data indicates that the Demand curve for Widgets is estimated to be linear and given by equation Qd = 100 - 2P and the Supply curve for Widgets appears to be linear as well and is estimated as Qs = 2P - 20. Graphically draw these two curves, labeling all relevant points (such as intercepts for each line) on the horizontal and vertical axes.

Question 2 Given that Demand is Qd = 100 - 2P and Supply is Qs = 2P - 20, your next assignment is to compute the equilibrium Price and Quantity in the market for Widgets. Indicate these values on the graph.

Question 3 The firm that hired you has estimated that improvements in Widget quality tastes will cause the Demand curve to change to Qd = 140 - 2P. If the Supply curve remains the same (Qs = 2P - 20), graphically draw these two curves, labeling all relevant points on the horizontal and vertical axes.

Question 4 Given that New Demand is Qd = 140 - 2P and Supply is Qs = 2P - 20, your next assignment is to compute the new equilibrium Price and Quantity in the market for Widgets. Indicate these values on the graph.