. Hoverboards and the Factory Market Area: Suppose there is a single shoe factory in the region. The factory competes with homemade shoes and will sell shoes to any household for which the net price of factory shoes is less than the cost of homemade shoes. The cost of a homemade shoe is the opportunity cost of the time required to make the shoe at home, that is, the one gallon of milk that could be produced instead. Suppose the higher cost of living and commuting requires compensation of 0.80 gallons of milk per hour. Each worker produces 10 shoes per hour, so the average labor and capital cost are 0.18 gallons of milk and 0.12 gallons of milk respectively. The factory price of shoe (equal to the average production cost, sum of the average labor cost and the average capital cost) is 0.30 gallons of milk. A round-trip mile involves one mile of travel to a location and one mile back, for a total distance of two miles. Linear travel cost 20 miles /hour. Therefore, the typical person takes 1/10 of an hour per round- trip mile. The changes are not cumulative.

a) Calculate the market area of the shoe factory. Draw the graph.
b) Suppose hoverboards decrease travel time for consumers from 1/10 per round-trip mile to 1/20 per round-trip mile. Illustrate the implications for the radius of the market area of the factory, including a value for the new radius. Draw the graph.
c) Suppose hoverboards also decrease the commuting cost of factory workers, decreasing the cost of urban living from 0.80 gallons to 0.30 gallons. Illustrate the effect on radius of the market area of the factory, including a value for the new radius. Draw the graph.

Bardi Trucking Co., located in Cleveland, Ohio, makes deliveries in the Great Lakes region, the Southeast, and the Northeast. Jim Bardi, the president, is studying the relationship between the distance a shipment must travel and the length of time, in days, it takes the shipment to arrive at its destination. To investigate, Mr. Bardi selected a random sample of 20 shipments made last month. Shipping distance is the independent variable and shipping time is the dependent variable. The results are as follows:

1. b-1. Fill in the blanks. (Round your answers to 3 decimal places. Negative values should be indicated by minus sign.)

1. b-2. State the decision rule for 0.10 significance level: H₀: ρ ≤ 0; H₁: ρ > 0. (Round your answer to 3 decimal places.)

1. b-3. Compute the value of the test statistic. (Negative value should be indicated by a minus sign. Round your answer to 3 decimal places.)

1. b-4. Can we conclude that there is a positive correlation between distance and time? Use the 0.10 significance level.

Problem 9-2A In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected. Information concerning the buses is summarized as follows.

Bus Acquired Cost Salvage Value Useful Life in Years Depreciation Method

1 1/1/15 $ 98,300 $ 7,000 5 Straight-line

2 1/1/15 118,000 10,000 4 Declining-balance

3 1/1/16 88,640 8,000 4 Units-of-activity

For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 126,000. Actual miles of use in the first 3 years were 2016, 24,000; 2017, 31,500; and 2018, 30,000.

For Bus #3, calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.)

Depreciation expense $________ per mile

Compute the amount of accumulated depreciation on each bus at December 31, 2017. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to 0 decimal places, e.g. 15%. Round final answers to 0 decimal places, e.g. 2,125.)

Accumulated depreciation

BUS 1 $ ________

BUS 2 $ ________

BUS 3 $ ________

If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in (1) 2015 and (2) 2016? (Round answers to 0 decimal places, e.g. 2,125.)

(1) 2015 (2) 2016

Depreciation expense $_____ $_____

Based on your teams determination of the number of airplanes needed, ExpressJet is considering multiple options for acquiring the Embraer 170 airplanes at a price of $10.9 million each. The executives in charge of capital acquisitions at ExpressJet are relying on you to show and explain which option will place the company in the best financial position based on your Net Present Value calculations. In the past, all acquisitions have been in cash. However with the current trend of the company, the options being considered are as follows: ExpressJet will borrow the funds necessary on a 5-year note from Bank of America. This will cause the marginal tax rate to be 35% ExpressJet will lease the planes for 10 years from LeaseCo. This will be an operating lease. This will cause the marginal tax rate to be 35%. Calculate Net Present Value for all the scenarios as compared to a cash purchase. Use the below data to fill in the spreadsheet. Cost of new equipment: $10,900,000 Expected life of equipment in years: 30 Disposal value in 5 years: $1,090,000 Lifetime miles per plane: 1,575,000,000 Annual miles per year: 52,500,000 Number of workers needed: 3 Annual hours to be worked per employee: 2,000 Earnings per hour for employees: $35 Annual health benefits per employee: $2,000 Other annual benefits per employee—% of wages: 15% Cost per Passenger Seat Mile: $0.06 Other variable costs per Seat Mile: $0.10 Costs to purchase cans—per can: $0.50 Required rate of return: 11% Tax rate: 35% Monthly lease payments: $95,000 Lease term: 10 years Monthly Note payments: ($203,208.91) Note Term: 5 years Down payment: $1,000,000

Exercise 9-7 Linton Company purchased a delivery truck for $29,000 on January 1, 2017. The truck has an expected salvage value of $1,100, and is expected to be driven 109,000 miles over its estimated useful life of 5 years. Actual miles driven were 12,200 in 2017 and 10,000 in 2018.

Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.52.)

Depreciation expense $___________ per mile

Compute depreciation expense for 2017 and 2018 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method. (Round depreciation cost per unit to 2 decimal places, e.g. 0.50 and depreciation rate to 0 decimal places, e.g. 15%. Round final answers to 0 decimal places, e.g. 2,125.)'

Depreciation Expense: 2017 2018

(1) Straight-line method $ $

(2) Units-of-activity method $ $

(3) Double-declining-balance method $ $

Assume that Linton uses the straight-line method. Prepare the journal entry to record 2017 depreciation. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 2,125.)

Account Titles and Explanation Debit Credit

Assume that Linton uses the straight-line method. Show how the truck would be reported in the December 31, 2017, balance sheet. (Round answers to 0 decimal places, e.g. 2,125.)

LINTON COMPANY Partial Balance Sheet

$ :

$

10-12 please answered with work please? The multivariate demand function (below) is needed for questions 6 – 12. Setting: U.S. Auto manufacturers are trying to develop a multivariate function with which to estimate the demand for their gas-electric hybrid compact cars. Here is one that Motors General developed for its Jolt: Qj = 65000 – 20Pj + 20Pf + 35Pt – 5Pb + 0.2Tc + 0.05Y + 10Mg + 0.04A Where Qj = the number of Jolts demanded per week. Pj = the price of each new Jolt (in $). Pf = the price of each new Ford gas-electric hybrid (in $). Pt = the price of each new Toyota gas-electric hybrid (in $). Pb = the price of replacement batteries for the Jolt (in $). Tc = the amount of tax credit incentive offered with the purchase of a new hybrid (in $). Y = average weekly disposable income of a typical Jolt purchaser (in $). Mg = the miles per gallon of gas rating of the Jolt (in miles per gallon). A = average weekly Jolt advertising expenditure (in $).

10. Enter the following values into your Jolt demand function (be very careful with the calculation because the resulting quantity of Jolts demanded will be used in several questions to follow). Circle your answer on the answer sheet. Pj = $45000 Pf = $40000 Pt = $45000 Pb = $7000 Tc = $8000 Y = $1000 Mg = 55 A =$20000

11. What is the point cross-price elasticity of Jolt demand with respect to the Toyota price (Pt) of $45000? Work out completely and show the sign (+ or -); carry out to 3 decimal places.

12. What is the point elasticity of Jolt demand with respect to the advertising expenditure (A) of $20000. Work out completely and show the sign (+ or -); carry out to four decimal places.

You are hoping to get an estimate of the number of birch trees in a local park. You have a satellite image of the park, and plan to use quadrat sampling to estimate the number of birch trees in the park. The park is 1000m by 1000m. Describe how you can set up your quadrat and how you would then use the data you collect to estimate the number of trees in the entire park. (Include a sample calculation).

A theater is presenting a program on drinking and driving for students and their parents or other responsible adults. The proceeds will be donated to a local alcohol information center. Admission is

$ 2.00$2.00

for adults and

$ 1.00$1.00

for students.​ However, this situation has two​ constraints: The theater can hold no more than

150150

people and for every two​ adults, there must be at least one student. How many adults and students should attend to raise the maximum amount of​ money?

Problem 2: The average Saturday attendance at a movie theater is 974 people with a standard deviation of 54 people. A random sample of 39 Saturdays is selected

Part A: What is the probability that a sample mean will be either less than 954 people or greater than 970 people?

Part B: There is a 97% chance that a sample mean will be above what attendance level?

Part C: What is the probability that more than 1000 people will attend the theater this Saturday?