Questions
Please provide the table and answers to each question with calculations, Thank you A company producing...

Please provide the table and answers to each question with calculations, Thank you

A company producing plastic cell-phone cases uses a $5,000 blower, a $2,000 processor, and $4,200 worth of molds. The rent paid for their space in an industrial park is $5,000 per production period. The cost of materials (resins and compounds) is $10 per unit. The cell phone case market is competitive, with a market price of $25. Each unit of labor is paid $5,000 per production period. The production technology is described by Table 2.

1(a). How many cell-phone cases will the company produce to maximize profit? What is the maximum amount of profit?

1(b). Using the company's short-run cost curves (ATC, AVC, and MC) and the MR curve, demonstrate how you found your answer to Question 1(a).

1(c). What is the company's break-even price?

Labor Output
0 0
1 374
2 1000.8
3 1761.8
4 2589.08
5 3427.1
6 4226.66
7 4941.62
8 5528.13
9 5943.72
10

6147

In: Economics

Your client, Ben McDonald, has written you about his tax situation. Please assume that gross income...

Your client, Ben McDonald, has written you about his tax situation. Please assume that gross income is $172,900 (which consists only of salary) for purposes of this problem.

December 31, 2016

Dear ***** *****, CPA:

Hi, it’s Ben McDonald again. I understand you need some more information from me in order to complete my tax return. Please let me know what information you need and I’ll be happy to provide it.

I moved this year due to taking a job at SwissLog. The move was in late January and I worked my job at SwissLog for the rest of the year. I moved 650 miles away from my old house but I still live in the same state. I left a little bit early to go on a house-hunting trip that cost me a total of $450. I hired a moving company to move our stuff at a cost of $2,300, and I drove Junior in my car. Junior and I got a hotel room along the way that cost us $65. We spent $35 on meals on the way to our new home. Oh yeah, I took my little boy to a movie on the way and that cost $20.

Can you believe I’m still paying off my student loans, even after 15 years? I paid a total of $900 in interest on my old student loans this year.

Since SwissLog (my employer) never started a retirement plan, I decided I should probably start saving for my golden years. I contributed $3,000 to what the bank referred to as a regular IRA (or was it a REM?). Oh yeah. I also did a little investing this year. I bought a limited partnership interest in IGlow, Ltd. for $10,000. I thought it was going to be a real winner, but this year they took a bath. My portion of the loss was $8,000. Well, at least I did not actually do any work for IGlow, and I get the tax deduction - right?

That should be all the information you need right now. Please calculate my adjusted gross income and complete page 1 of Form 1040. You’re still doing this for free, right?

Sincerely,

Ben

Required: calculate Ben’s AGI and complete the 1st page of the 1040 form (forms can be downloaded from the IRS website).

In: Accounting

1.A firm's current ratio is below the industry average; however, the firm's quick ratio is above...

1.A firm's current ratio is below the industry average; however, the firm's quick ratio is above the industry average. These ratios suggest that the firm

A.

has relatively more total current assets and even more inventory than other firms in the industry

B.

has liquidity that is superior to the average firm in the industry

C.

has relatively less total current assets and less inventory than other firms in the industry

D.

is near technical insolvency

E.

is very efficient at managing inventories

2,The present value of growth opportunities (PVGO) is equal to

I) the difference between a stock's price and its no-growth value per share.

II) the stock's price.

III) zero if its return on equity equals the discount rate.

IV) the net present value of favourable investment opportunities.

A.

III and IV

B.

II and IV

C.

I and IV

D.

I, III, and IV

E.

II, III, and IV

In: Finance

Suppose you put positive charge on an insulated metal box (actually, remove electrons from the box)....


Suppose you put positive charge on an insulated metal box (actually, remove electrons from the box). Since it is a conductor, the charges will rearrange.
- The greatest accumulation of charges will be

nowhere- the charges will be uniformly distributedon the inside, in the center of an edge    on the outside, at the cornerson the outside, in the center of an edgeon the inside, at the center of a sideon the inside, at the cornerson the outside, at the center of a side

- The electric field inside the box will be

greatest in the center of the box zero everywhere    non-zero, the same everywheregreatest near the center of one of the edgesgreatest near the center of one of the sidesgreatest near one of the corners


2. Suppose identical metal spheres are insulated from their surroundings and touching each other. A positive charge is brought near, but not touching sphere A, and held near to sphere A as the two spheres are separated. Now, the positive charge is removed. What charge will be left on sphere A and sphere B, respectively?

A is negative, B is positiveA is positive, B is positive    A in neutral, B is neutralA is neutral, B is positiveA is positive, B is negativeA in negative, B is neutralA is negative, B is negativeA in positive, B is neutralA is neutral, B is negative


4. A pith ball is a small ball covered with a conducting metal foil. Suppose pith ball A is charged negatively.
- First, pith ball A is brought near neutral pith ball B.
- Then, the two pith balls touch and are separated.

a) Which is true of the charges on the two pith balls?
Before they touch they have no effect on each other, after they touch they have no effect on each otherBefore they touch they repel, after they touch they attract    Before they touch they attract, after they touch they have no effect on each otherBefore they touch they repel, after they touch they repelBefore they touch they attract, after they touch they attractBefore they touch they have no effect on each other, after they touch they repelBefore they touch they have no effect on each other, after they touch they attractBefore they touch they attract, after they touch they repelBefore they touch they repel, after they touch they have no effect on each other

b) Before they touch, ball A is negative and ball B is positive. After they touch
A is neutral, B is positiveA is positive, B is positive    A is positive, B is neutralA is negative, B is positive A is negative, B is negativeA is neutral, B is neutralA is positive, B is negativeA is negative, B is neutralA is neutral, B is negative

Help will be appreciated! Thank you!

In: Physics

1. Suppose the equilibrium price for an average hospital stay in the absence of insurance is...

1. Suppose the equilibrium price for an average hospital stay in the absence of insurance is $10,000. At that price, 1000 people are hospitalized each year. Now suppose an insurer offers a policy to lower the out of pocket price of a stay to $100, and at that price, 1200 people are hospitalized.

a) How much TOTAL premium revenue must be collected to finance this arrangement?

b) How much premium revenue per hospitalized person must be collected? Would the average person be willing to pay this premium if they were risk averse?

c) Now suppose there are 120,000 people near this hospital, all of whom think they have an equal chance (1%) of being hospitalized. What must the per person premium be now?

In: Advanced Math

) Randy's Pizza delivers pizzas to dormitories and apartments near a major state university. The company's...

) Randy's Pizza delivers pizzas to dormitories and apartments near a major state university. The company's annual fixed costs are $48,000. The sales price averages $9, and it costs the firm $3 to make and deliver each pizza.

Required:

A. How many pizzas must Randy's sell to break even?

B. How many pizzas must the company sell to earn a target profit of $54,000?

C. If budgeted sales total 9,900 pizzas, how much is the company's safety margin in dollars?

D. Tony's assistant manager, an accounting major, has suggested that the firm should try to increase the contribution margin per pizza. Explain the meaning of "contribution margin" in layman's terms.

In: Accounting

In Year 1, Goodnight Sleep Company began to receive complaints from physicians that patients were experiencing...

In Year 1, Goodnight Sleep Company began to receive complaints from physicians that patients were experiencing unexpected side effects from the company’s sleep apnea drug. The company took the drug off the Market near the end of Year 1. During Year 2, the company was sued by 800 customers who had a severe allergic reaction to the company’s drug and required hospitalization. At the end of Year 2, the company’s attorneys estimated a 62% chance the company would need to make payments in the range of $2,500 to $7,000 to settle each claim, with all amounts in that range being equally likely. At the end of Year 3, while none of the cases had been resolved, the company’s attorney now estimated an 80% probability the company would be required to make payments in the range of $3,000 to $10,000 to settle each claim with all amounts in that range being equally likely. In Year 400 claims were settled at a total cost of $2.5 million. Based on this experience, the company believes 30% of the remaining cases will be settled at $5,500 each, 50% will be settled for $6,000 each and 20% will be settled for $6,200 each. Required: Prepare the journal entry (in good format) for Years 1 – 4 related to this litigation.

In: Accounting

Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near...

Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company’s costs:

Fixed Costs Per Month Cost Per Car Washed
Cleaning Supplies .70
Electricity 1,100 .09
Maintenance .15
Wages And Salary 4,600 .30
Depreciation 8,100
Rent 2,000
Admin. Expense 1,300 .04

For example, electricity costs are $1,100 per month plus $0.09 per car washed. The company expected to wash 8,300 cars in August and to collect an average of $6.50 per car washed.

The actual operating results for August appear below.

Lavage Rapide
Income Statement
For the Month Ended August 31
  Actual cars washed 8,400   
  Revenue $ 56,050   
  Expenses:
      Cleaning supplies 6,310   
      Electricity 1,817   
      Maintenance 1,485   
      Wages and salaries 7,450   
      Depreciation 8,100   
      Rent 2,200   
      Administrative expenses 1,532   
  Total expense 28,894   
  Net operating income $ 27,156   

Compute the company's revenue and spending variances for August. (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.)

  

In: Accounting

Arnold Inc. is considering a proposal to manufacture high-end protein bars used as food supplements by...

Arnold Inc. is considering a proposal to manufacture high-end protein bars used as food supplements by body builders. The project requires use of an existing warehouse, which the firm acquired three years ago for £1 million and which it currently rents out for £120,000 per year. Rental rates are not expected to change in the near future. In addition to using the warehouse, the project requires an up-front investment into machines and other equipment of £1.4m. This investment can be fully depreciated straight-line over the next 10 years for tax purposes. However, Arnold Inc. expects to terminate the project at the end of eight years and to sell the machines and equipment for £500,000. Finally, the project requires an initial investment into net working capital equal to 10% of predicted first-year sales. Subsequently, net working capital is 10% of the predicted sales over the following year. Sales of protein bars are expected to be £4.8 million in the first year and to stay constant for eight years. Total manufacturing costs and operating expenses (excluding depreciation) are 80% of sales, and profits are taxed at 30%.

i. What are the free cash flows of the project? ii. If the cost of capital is 15%, what is the NPV of the project?

In: Finance

Cost Terminology; Contribution Format Income Statement

Miller Company’s total sales are $120,000. The company’s direct labor cost is $15,000, which represents 30% of its total conversion cost and 40% of its total prime cost. Its total selling and administrative expense is $18,000 and its only variable selling and administrative expense is a sales commission of 5% of sales. The company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs

Required:

1. What is the total manufacturing overhead cost?

2. What is the total direct materials cost?

3. What is the total manufacturing cost?

4. What is the total variable selling and administrative cost?

5. What is the total variable cost?

6. What is the total fixed cost?

7. What is the total contribution margin?

In: Accounting