Questions
Assets are used to generate revenue and may incur some costs. Explain how the NPV method...

Assets are used to generate revenue and may incur some costs. Explain how the NPV method could be used to value assets, like a house for example.

In: Finance

Beginning account balances for 2019 Cash 150.000 , Land 20,000 , supplies 50,000 , unearned revenue...

Beginning account balances for 2019

Cash 150.000 , Land 20,000 , supplies 50,000 , unearned revenue 100,000 , common stock , 100,000 , retaines earnings 20,000

The following are the general journal information of Maxwell Company for 2019.

Maxwell Company

General Journal, 2019

Event

Account Titles

Debit

Credit

1.

Cash

30,000

                               Bank Loan

30,000

2.

Office Equipment

15,000

                               Cash

15,000

3

Account Receivable

35,000

                               Service Revenue

35,000

4.

Cash

15,000

                               Account Receivable

15,000

5.

Dividends

5,000

                               Cash

5,000

6.

Prepaid Rent

12,000

                               Cash

12,000

7.

Unearned Revenue

50,000

                               Service Revenue

50,000

8.

Rent Expense

      6,000

                               Prepaid Rent

       6,000

9.

Supplies Expense

10,000

                                 Supplies

10,000

Required: [ 13 Marks]

  1. Prepare T- Account [5 Marks]                                                                                    
  2. Prepare Trial Balance [3 Marks]
  3. Prepare Income Statement [2 Marks]
  4. Prepare Balance Sheet [3 Marks]

In: Accounting

An estimate of total revenue, costs and profits from producing ventilators for the COVID-19 pandemic. Please...

An estimate of total revenue, costs and profits from producing ventilators for the COVID-19 pandemic. Please provide references.

In: Economics

A University of Iowa revenue bond pays an 4.5% level-coupon, matures in twenty years, and offers...

A University of Iowa revenue bond pays an 4.5% level-coupon, matures in twenty years, and offers an effective annual yield (i.e., true yield) of 4%. The bond has a principal value of $1000 and pays interest semiannually. What is the value of this bond, to the nearest dollar?

In: Finance

Sweet Tooth Inc has a thriving PEZ dispenser business. Most of their revenue comes from the...

Sweet Tooth Inc has a thriving PEZ dispenser business. Most of their revenue comes from the variety of refill flavours they offer. Sweet tooth orders Pez refills by the case.

Each case contains 50 packages of Pez Refills and each package contains 10 pez candies. They sell each package for $2 each.

They have found that they sell on average 50,000 candies per month.

All their orders are phoned in, in the interest of speed and efficiency. They have found that the price of the phone call and related costs such as employee’s time, office overhead, etc. average around $20.00 per purchase order.

The annual carrying cost per package totals 10% of the cost per package.

They have also found that a 5-days lead time is required.

Do not mix up candies and packages or months and years.

In: Accounting

Discuss the pros and cons of having a strong dollar. Until recently, Los Angeles lost revenue...

Discuss the pros and cons of having a strong dollar. Until recently, Los Angeles lost revenue and jobs to Canada because the strength of the American dollar made it cost-efficient to move movie and television production out of the country. (It should be noted that Canada also made some fiscal concessions to encourage this change of venue.) However, by 2008, the dollar had weakened so significantly that China was persuaded to announce it could no longer export rice profitably to the United States. Clearly, whether the dollar is weak or strong, there will be winners and losers in the equation. Can you think of any suggestions for equalizing the gains and losses experienced on both sides?

In: Finance

Based on information from California Revenue Board spokesperson, Aisha, the mean tax refund for the year...

Based on information from California Revenue Board spokesperson, Aisha, the mean tax refund for the year 2015 was $5,000. Assume the standard deviation is $750 and that the amounts refunded follow a normal probability distribution. What percent of the refunds are more than $3,500? What percent of the refunds are more than $1250 but less than $2,000? What percent of the refunds are more than $2,750 but less than $3,500? The Board whats to find out the refund paid to 68% of Californians. What is the range of refund paid by 68% of Californians?

In: Statistics and Probability

Please answer the below questions 1. Explain how the Marginal Revenue Product of Labor is derived...

Please answer the below questions

1. Explain how the Marginal Revenue Product of Labor is derived mathematically and explain what it means.

2. Explain the concept of Economic Rent and how it works with regard to wages.

3. Briefly explain how two interdependent markets move to general equilibrium.

4.. What does it mean when goods are allocated inefficiently and when they are allocated efficiently.

5. Briefly explain how to internalize positive and negative externalities.

In: Economics

A suburban hotel derives its revenue from its hotel and restaurant operations. The owners are interested...

A suburban hotel derives its revenue from its hotel and restaurant operations. The owners are interested in the relationship between the number of rooms occupied on a nightly basis and the revenue per day in the restaurant. Below is a sample of 25 days (Monday through Thursday) from last year showing the restaurant income and number of rooms occupied.

Day Revenue Occupied Day Revenue Occupied
1 $ 1,452 40 14 $ 1,425 31
2 1,361 20 15 1,445 51
3 1,426 21 16 1,439 62
4 1,470 54 17 1,348 45
5 1,456 62 18 1,450 41
6 1,430 29 19 1,431 62
7 1,354 22 20 1,446 47
8 1,442 21 21 1,485 43
9 1,394 15 22 1,405 38
10 1,459 65 23 1,461 36
11 1,399 41 24 1,490 61
12 1,458 35 25 1,426 65
13 1,537 51

Determine the coefficient of correlation between the two variables. (Round your answer to 3 decimal places.)

c-1. State the decision rule for 0.025 significance level: H0: ρ ≤ 0; H1: ρ > 0. (Round your answer to 3 decimal places.)

c-2. Compute the value of the test statistic. (Round your answer to 2 decimal places.)

c-3. Is it reasonable to conclude that there is a positive relationship between revenue and occupied rooms? Use the 0.02 significance level.

What percent of the variation in revenue in the restaurant is accounted for by the number of rooms occupied? (Round your answer to 1 decimal place.)

In: Statistics and Probability

Display and explain the average variable cost curve. Display and explain marginal revenue, marginal cost and...

Display and explain the average variable cost curve.

Display and explain marginal revenue, marginal cost and profit maximization.

In: Economics