The following information has been extracted from Universal Inc.’s financial records for its first year of operations:

Units produced                         10,000            

Beg. Finished Goods Inventory          0

Units sold                                     7,000            

Sales Price per Unit                      $100

Variable costs per unit:                                   Fixed costs for year:

Direct Materials          $8                    Overhead                    $70,000

Direct Labor                9                    Marketing & Admin   30,000

Overhead                    3

Selling                        4 per unit sold

Required:

1. Compute the manufacturing cost of one unit using the Variable Costing method.

2. Compute the manufacturing cost of one unit using the Absorption Costing method.

3. Prepare the Income Statement under both methods.

4. Reconcile the difference in Operating Income between the 2 methods (be VERY specific and use numbers to reconcile.)

You have been pricing an MP3 player in several stores. Three stores have the identical price of $400. Each store charges 12 percent APR, has a 30-day grace period, and sends out bills on the first of the month. On further investigation, you find that store A calculates the finance charge by using the average daily balance method, store B uses the adjusted balance method, and store C uses the previous balance method. Assume you purchased the MP3 player on May 5 and made a $100 payment on June 15.

What will the finance charge for June be if you made your purchase from store A? From store B? From store C? (Do not round intermediate calculations. Round your answers to 2 decimal places

Finance charge

store A =

store B=

store C=

Mr Grants wishes to purchase an apartment in new Kasama, the high cost residential area of Lusaka. The apartment is situated in a tree lined avenue. the purchase price with costs is K710,000.00 and he is able to obtain a 100% loan at an interest rate of 6% compounded monthly . the term of the loan is 20 years. the central bank has released preliminary data that the property values are expected to rise at the rate of 9% per year (0.75% per month). Mr grant intends to rent out the property after costs at a rate of K4,000 per month for the first year. Interest and rent are payable at the beginning of each year

Required

a) What is the expected value of the apartment in 20 years time

b) What is the beginning mortgage loan repayment at the beginning of each month

c) what is the next amount that Mr Grant has to pay in each month

In a rapidly growing market like energy drinks, firms need to capture the market scenario quick enough. Firms that fail to keep up the changing pace with the market can lose out to their competitors. Red bull is one of the brands in the energy drink industry. Red bull has estimated the demand of its product by the following function: Q = 12.5 P0 -1.1A 2.1Y 1.3P -1.8 Where, Q = Number of energy drink bottles sold of Red bull P0 = Price of red bull energy drink bottle (in $) A = Promotional expenditure yearly in $100 Y = Average income of the consumers per month in $100 P = Number of people using the gyms per month The current price for one bottle of Red Bull energy drink $3, promotional expenditure is $600, Average income of consumers is $500 and on an average 100 people are going to gym every month.

a) Will the revenue of Red Bull decrease, if they increase the price of their bottles?

b) If number of people going to gym increases, does it affect the sales of energy drink bottles?

c) Will the profit of Red Bull reduce, if they increase the price of their energy drink bottle?

d) Do you think Gym subscription can complement the sale of Red Bull energy drink?

C#

- count =0;
- Create a 2d array "items".
string[,] items = new string[100, 4];

- Create a do while loop, when the user enters "0", stop the loop.
- Users enter the item name, price, quantity, save this info and subtotal to array.
- increase "count++"

-convert price(decimal, Convert.ToDecimal() ) and quantity(int) to do multiplication
for subtotal

- create a for loop (with count ) to cycle through the "items", display item name, price, quantity,
and subtotal.
accumulate subtotal

- Display total items, subtotal, total at the end.

Guide:

string[,] items = new string[100, 4];
int i, j, count;

/* input each array element's value */
for (i = 0; i < 100; i++) {

items[i,0] = Console.ReadLine("Enter Item Name: ");

if items[i,0] == "0"
break;
else
count++;

items[i,1] = Console.ReadLine("Enter Item Price: ");
items[i,2] = Console.ReadLine("Enter Item Quantity: ");
items[i,3] = (Convert.ToDouble(items[i,1])*Convert.ToDouble(items[i,2])).toString();

}

/* output each array element's value */
for (i = 0; i < count; i++)
{
for (j = 0; j < 4; j++) {
Console.WriteLine(items[i,j], " ");
}
}

Along a stretch of beach are 500 children of 100 each (Labeled in clusters A,B,C,D,E, in that order.) Two ice-cream vendors are deciding simultaneously where to locate. They must choose the exact location of one of the clusters. If there is a vendor in a cluster, all 100 children will buy an ice-cream. For clusters without a vendor, 50 out of the 100 children are willing to walk to a vendor one cluster away, only 20 are willing to walk to a vendor two clusters away, and none are willing to walk to a vendor three or more clusters away. The ice-cream melts quickly, so the walkers cannot buy for nonwalkers. If the two choose the same clusters, each will get a 50% share of the total demand for ice cream. If they choose different clusters, then those children (locals and walkers) for whom one vendor is closer than the other will go to the closer one, and those for whom the two are equidistant will split 50% each. Each vendor seeks to maximize her sales.

a. Construct a five-by-five matrix for their location game; the entries stated here will give you a start and a check on your calculations:

• If both vendors choose to locate at A, each sells 85 units.

• If the first vendor chooses B and the second chooses C, the first sells 150 and the second sells 170.

• If the first vendor chooses E and the second chooses B, the first sells 150 and the second sells 200.

b. Eliminate dominated strategies as far as possible and find the NEPS

Aggregate Supply: Draw me a SRAS(AS) graph, start at the equilibrium of Price Level 5 and RGDP at 100. Assume there is minimum wage law now in effect. The minimum wage is higher that the wage rate prior. Show me this, assume the shift changes Price Level by 2 and RGDP by 20. Explain the shift.

Starting from a long run equilibrium show the short run impact of COVID 19 (short term temporary supply shock) on output and price level graphically and explain the mechanism of these changes. Suppose in the initial long run steady state equilibrium output is 22 trillion dollars and the price level is 100.

Assume that you own an exhaustible resore that is sold competitive,and the marginal cost of extraction at year t is given by:
Ct=5+0.5t+0.05t^2,
where t=0 at the beginning of 2010.it is also known that the interest rate is 7% per annum and the demand for the resource is:
Qt=100-Pt,
where Qt and Pt represent output level in,tons and price in year t respectively.
a)suppose that the price in year 2020 is anticipated to be 100, what were the prices,user costs and production level of the resource in 2015 and 2016?
b)if the market were monopolized in2017,what were the optimal production rule in that period?