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Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below:

When preparing its planning budget the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers.

11. What amount of employee salaries and wages would be included in Adger’s planning budget for May?

12. What amount of travel expenses would be included in Adger’s planning budget for May?

13. What amount of other expenses would be included in Adger’s planning budget for May?

14. What activity variance would Adger report in May with respect to its revenue? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

15. What activity variances would Adger report with respect to each of its expenses for May? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all

TotsPoses, Inc., a profit-maximizing business, is the only photography business in town that specializes in portraits of small children. George, who owns and runs TotsPoses, expects to encounter an average of eight customers per day, each with a reservation price shown in the following table. Assume George has no fixed costs, and his cost of producing each portrait is $35.

a. Complete the following table.

Instructions: If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Enter your responses as whole numbers.

How much should George charge if he must charge a single price to all customers? $__

At this price, how many portraits will George produce each day? __ portraits

What will be his economic profit? $__ per day

b. How much consumer surplus is generated each day at this price? $__

c. What is the socially efficient number of portraits? __ portraits

d. George is very experienced in the business and knows the reservation price of each of his customers. If he is allowed to charge any price he likes to any consumer, how many portraits will he produce each day? __ portraits.

What will his economic profit be? $__ per day

e. In this case, how much consumer surplus is generated each day? $__

Imagine yourself as the accountant of Chong Berhad. Your managing director has approached you regarding some issues about contract.

His doubt included:- (i) A modification to existing contract should be treated as a separate contact. (ii) If the agreed date of payment by a customer is later than the date on which services are transferred to that customer, part of the consideration should be treated as interest and not revenue. (iii) If a contract with customer provided warranty after service, the warranty represents a separate performance obligation, thus part of transaction price should be allocated for warranty.

Required:- In accordance with Malaysian Financial Reporting Standards (MFRS) 15 Revenue from Contracts with Customers, discuss the above issues. [8 marks]

A New York City daily newspaper called "Manhattan Today" charges an annual subscription fee of $108. Customers prepay their subscriptions and receive 270 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $110 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $100 per hour. The company estimates that approximately 30% of the coupons will be redeemed.

Required:

Prepare the journal entry to recognize the sale of 10 new subscriptions, clearly identifying the revenue or unearned revenue associated with each performance obligation.

The following data are from a completely randomized design. In the following calculations, use

α = 0.05.

Find the value of the test statistic. (Round your answer to two decimal places.)___

Find the p-value. (Round your answer to three decimal places.)

p-value = ____

+Use Fisher's LSD procedure to determine which means are different.

Find the value of LSD. (Round your answer to two decimal places.)

LSD = ____

Find the pairwise absolute difference between sample means for each pair of treatments
x₁ − x₂₌

x₁ − x₃=

x₂ − x₃₌

To test whether the mean time needed to mix a batch of material is the same for machines produced by three manufacturers, a chemical company obtained the following data on the time (in minutes) needed to mix the material.

Find the value of the test statistic. (Round your answer to two decimal places.)___

Find the p-value. (Round your answer to three decimal places.)

p-value = ____

At the α = 0.05 level of significance, use Fisher's LSD procedure to test for the equality of the means for manufacturers 1 and 3.

Find the value of LSD. (Round your answer to two decimal places.)

LSD = ____

Find the pairwise absolute difference between sample means for manufacturers 1 and 3.

x₁ − x₃ =___

An employee of a small software company in Minneapolis bikes to work during the summer months. He can travel to work using one of three routes and wonders whether the average commute times (in minutes) differ between the three routes. He obtains the following data after traveling each route for one week.

a-1. Construct an ANOVA table. (Round "Sum Sq" to 1 decimal place, "Mean Sq" and "F value" to 2, and round the "p-value" to 4 decimal places.)

ANOVA

a-2. At the 5% significance level, do the average commute times differ significantly between the three routes. Assume that commute times are normally distributed.

• Yes, since the p-value is less than significance level.

• Yes, since the p-value is not less than significance level.

• No, since the p-value is less than significance level.

• No, since the p-value is not less than significance level.

b. Use Tukey’s HSD method at the 5% significance level to determine which routes' average times differ. (Round difference to 1 decimal place, confidence interval bounds to 2 decimal places, and p-values to 3.)

Assume that a bus company increased costs and fears that it will make a loss. What should it do, if to rise the fares may be a wrong policy.
To help it decide what to do it commissions a survey to estimate passenger demand at three different fares: the current face of 10c per km, a higher fare of 12c per km, and a lower fare of 8c. The results of the survey are shown in the first two columns:

Demand turns to be elastic. TR can be increased by reducing the price from current 10 to 8$.

What will happen to the company profits? Its profit is the difference between the total revenue from passengers and its total costs of operating the service. If buses are currently under-utilised , then is possible that the extra passengers can be carried without the need for extra buses with no extra cost..

At the fare of 10c , old profit was 40000. After the rase, a 10c now gives a loss of 40.000$. By raising the fare to 12c- loss increased to 80000$.

Questions:

1) Estimate the price elasticity of demand between 8c and 10c and between 10c and 12c. Show all detailed calculations.

2) 10c fare the best fare originally? Explain your answer detailed.

3) If the company considers lowering the fare to 6c and estimates the demand will be 8.5 million passenger km. What is your opinion, it is good idea? How should it decide?

A $3500 bond paying interest at j1 = 10% matures on June 1, 2030. On July 22, 2004, it was purchased for $3551 plus bond interest. On April 3, 2009, it was sold for $3443 plus bond interest. Estimate the yield j1 by the method of averages.

2) 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?

You have joined a company as a network security analyst. Your CTO came to know you are a graduate from MIT Melbourne/Sydney and successfully completed a VPN unit. Therefore, you have been asked to develop a security plan for your customers and remote managers for their Internet access to the business. You need to analyse the following cases and recommend the solutions for the question

quen-1) 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.