the first category known as the "Great Man" phase, focused on the traits that make an effective leader. this period range from circa 450 B.C. to the 1940s, and includes classic examples such as the aforementioned Egyptian period and the expansive influence of the Roman Empire.
need your help
In: Operations Management
INSTRUCTIONS FOR TABLE 1 and Two Graphs-21 points
1) Calculate the Total Cost (TC) for each level of output. (3 points)
2) Calculate the Average Fixed Cost (AFC) for each level of output. (3 points)
3) Calculate the Average Variable Cost (AVC) for each level of output. (3 points)
4) Calculate the Average Total Cost (ATC) for each level of output. (3 points)
5) Calculate the Marginal Cost (MC) for each level of output. (3 points)
Using the data from Table 1 draw two graphs:
Draw a graph showing the Total Fixed Cost, Total Variable Cost, and Total Cost curves. (3 points)
Draw a graph showing the Average Fixed Cost, Average Variable Cost, and Average Total Cost curves and Marginal Cost curve. (3 points)
TABLE 1
(1) (2) (3) (4) (5) (6) (7) (8)
Total Total Total Total Average Average Average Marginal
Product Fixed Variable Cost Fixed Variable Total Cost
Cost Cost Cost Cost Cost
(Q) (TFC) (TVC) (TC) (AFC) (AVC) (ATC) (MC)
0 $100 0 $______ ______
1 100 90 ______ ______ ______ ______ ______
2 100 170 ______ ______ ______ ______ ______
3 100 240 ______ ______ ______ ______ ______
4 100 300 ______ ______ ______ ______ ______
5 100 370 ______ ______ ______ ______ ______
6 100 450 ______ ______ ______ ______ ______
7 100 540 ______ ______ ______ ______ ______
8 100 650 ______ ______ ______ ______ ______
9 100 780 ______ ______ ______ ______ ______
10 100 930 ______ ______ ______ ______ ______
In: Economics
Phillip is planning on opening an electronics store. He will run it for only 1 year. The initial cost for opening a store is 500K and it will generate an EBIT of 800k at the end of year for sure. Risk-free rate is 5%, tax rate is 35%. Suppose Phillip has enough wealth to cover the initial cost of 500k. Assume that he can’t borrow money.
In this situation, would he want to open the electronic store? What is the value of his equity of the electronic store (at t=0) if he opens it?
If he opens the restaurant at t=0 and sell entire ownership of the electronic store to Zach at t=0, with what price can Phillip sell the ownership? How much return did Phillip make relative to his initial investment at t=0?
In: Accounting
Case:
Rent Relief Caravans4Hire Ltd1 provides short-term rental of caravans to tourists for camping holidays throughout Australia. Caravans4Hire Ltd leases several large properties in Adelaide, Perth and Sydney, which it needs to park its caravans when not in use.
Due to border restrictions, travel restrictions, localised lockdowns and Government advice to stay home, Caravans4Hire Ltd has suffered a significant loss of revenue and cash flow. On 1 May 2020 the National Hotel and Tourism Industry Association which is a non-government, not-for-profit industry association. It supports its members, who are businesses operating in the hospitality and tourism industry awarded Caravans4Hire Ltd a grant of $360 000 in total for rent relief for the three months ended 31 July 2020. The grant was received in cash on 1 May 2020. Caravans4Hire Ltd is under no obligation to repay the money received.
REQUIRED
All questions should be answered from the perspective of Caravans4Hire Ltd. The word lengths are a suggestion only, i.e., they are NOT strict word limits for each part.
a) What is the main accounting policy issue(s) that need to be resolved to account for the grant from the National Hotel and Tourism Industry Association? (20%) (part a) 15 – 50 words)
b) i) Identify one principle that is relevant to the accounting policy issue that you identified in part a) by providing a reference for that principle (e.g., AASB XXX, para. zz; or Conceptual Framework, Chapter X, para. x.xx) AND explain why you chose that principle. (20%)
ii) identify another principle that is relevant to the accounting policy issue that you identified in part a) by providing a reference for that principle.(10%) (part b) 50 – 100 words).
c) Describe an accounting policy to account for the grant from the National Hotel and Tourism Industry Association. Do not justify your policy. Just describe it. (50%) (part c) 20 - 80 words)
In: Accounting
1. What is the exact amount that account receivables increased during the year? Hint: Use the Statement of Cash Flow.
2. What is the total Cost of Sales for the year?
3. How much did Park Systems invest in radio facilities?
4. What is EBITDA (Net Income before Interest Expense, Taxes, Depreciation and Amortization are deducted)?
5. How much did the company pay down its Note Payable?
Park Systems
Balance Sheet
Years Ended December 31
(in thousands)
Assets
Current Assets
Cash $ 23,283
Accounts Receivable, net 38,316
Prepaid Expenses 3,655
SIM Inventory 6,881
Total Current Assets 72,135
Long-Term Assets
Property & Equipment, net 462,602
Total Assets $ 534,737
Liabilities and Equity
Current Liabilities
Accounts Payable $ 14,807
Accrued Payroll 5,863
Accrued Expenses 14,659
Note Payable, current 26,972
Total Current Liabilities 62,301
Long-Term Liabilities
Note Payable, non-current 296,849
Total Liabilities 359,150
Stockholders Equity
Common Stock 134
Retained Earnings 175,453
Total Stockholders Equity 175,587
Total Liabilities & Stockholders Equity $ 534,737
Park Systems
Income Statement
Years Ended December 31
(in thousands)
Revenues
Data $ 201,663
SIM Subscription 120,998
SMS (texting) 40,333
SIM Purchase & Activation 19,113
Other Revenue 1,053
Total Revenues 383,160
Cost of Sales
GSM Roaming & Local Data 110,915
Carrier SMS Fees 24,200
SIM Manufacturing 8,601
Direct Labor 19,158
Total Cost of Sales 162,873
Gross Profit 220,287
Operating Expenses
Core Telecom Network Ops 66,086
Sales and Marketing 32,575
Research and Development 9,772
Radio Tower Facilities 4,886
General & Administrative 65,149
Total Operating Expenses 178,468
Operating Income 41,818
Investment Income 1,685
Interest Expense (9,715)
Foreign Exchange Gain (Loss) (1,836)
Tax Provision Expense (3,904)
Other Income (Expense) 1,051
Net Income $ 29,100
Park Systems
Statement of Cash Flows
Year Ended December 31
(in thousands)
Operating Activities
Consolidated net income $ 29,100
Adjustments
Depreciation and amortization 4,819
Changes in assets and liabilities:
Accounts receivable (3,483)
Inventory (9,891)
Accounts payable 888
Accrued expenses 20,670
Net cash provided by operating activities 42,103
Investing Activities
Investment in radio facilities (17,102)
Capital Equipment expenditure (5,783)
Net cash (used in) investing activities (22,884)
Financing Activities
Payments on note payable (6,476)
Net cash provided by financing activities (6,476)
Net increase (decrease) in cash and equivalents 12,743
Cash and equivalents, beginning of year 10,540
Cash and equivalents, end of year $ 23,283
In: Finance
| Labor | Q | Total Fixed Cost | Total Variable Cost | Total Cost | Marginal Cost | Average Fixed Cost | Average Variable Cost | Average Total Cost |
| 0 | 0 | 25 | 0 | |||||
| 1 | 4 | 25 | 25 | |||||
| 2 | 10 | 25 | 50 | |||||
| 3 | 13 | 25 | 75 | |||||
| 4 | 15 | 25 | 100 | |||||
| 5 | 16 | 25 | 125 |
(a) Complete the blank columns.
(b) Assume the price of this product equals $10. What’s the profit-maximizing output (q)? Note: managers maximize profits by setting MR=MC and under perfectly competitive markets, MR=Price. Thus, maximize profit by producing q where P=MC.
(c) What is the profit?
In: Economics
4. Assume you own and operate a hotel near a busy international airport. Your property caters directly to business travelers. Assume also that your historical records indicate a complete room’s sellout every Tuesday and Wednesday night for the past six months. Your hotel’s director of sales (DOS) informs you that she forecasts Tuesday and Wednesday night sellouts for the coming six months as well. What does that information tell you about business traveler’s willingness to purchase rooms on those specific nights? Would you encounter an ethical dilemma instituting a differential pricing strategy that valued the rooms you have available for sale on Tuesday and Wednesday nights higher than those rooms you sell on other nights? Explain your position
In: Finance
1. What effect, if any, does each of the following events have on the price elasticity of demand for corporate-owned jets?
a. The cost of manufacturing corporate jets rises.
b. Reduced corporate earnings lead to cuts in travel budgets and increase the share of expenditures on corporate jet travel.
2. 3-D movies have been popular and charged at a higher price, compared with the traditional 2-D movies. Please analyze the impact of 3-D movies (in the language of economics) on
a. The price elasticity of demand on 2-D movies
b. The total revenue of movie theater box offices
In: Economics
You’ve been assigned to set the price at the local movie theater. You know that market demand can be broken into two groups, students and non-students. Those functions are: Students: p = 12 − 1/4q Non-Students: p = 22 − q (if you aggregated those functions, you would obtain p = 22 − q if p > 12 and p = 14 −1/5q if p ≤ 12). You’ve also been given the total cost and marginal cost for the theater. TC = 6 + 2q + q^2, MC = 2 + 2q
a) Plot the inverse demand curves for students and non-students. Make sure to also include both marginal revenue curves and supply curves, as well as labeling correctly.
b) Now, let’s assume that you can only charge one price for tickets. What is the equilibrium price, quantity and profits if you choose to act as a monopolist?
c) You’ve decided to try price discrimination for each group. What is the equilibrium price and quantity for students and non-students? What is your new total profit? Round answers to two decimal places.
d) Do the prices in part (c) make sense? Why would the price for one group be higher than the price for the other group?
e) What kind of price discrimination is this? Is there any way you can prevent arbitrage in this case? If so, how? Why is it important to prevent arbitrage in price discrimination?
In: Economics
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $205 per night (USA Today, April 30, 2012). Assume that room rates are normally distributed with a standard deviation of $55. Use Table 1 in Appendix B.
a. What is the probability that a hotel room costs $227 or more per night (to 4 decimals)?
b. What is the probability that a hotel room costs less than $143 per night (to 4 decimals)?
c. What is the probability that a hotel room costs between $201 and $299 per night (to 4 decimals)?
d. What is the cost of the 20% most expensive
hotel rooms in New York City? Round up to the next dollar.
$ or - Select your answer -more less
In: Statistics and Probability