Evelyn makes $15,000 per year and Tami makes $150,000 per year. They are both buying roast beef at the grocery store. Evelyn asks for $10 worth of roast beef, and Tami asks for 10 pounds of roast beef.

What is each consumer’s price elasticity of demand?

Identify examples of situations that would affect the marginal utility of roast beef for each consumer. Explain how each consumer’s marginal utility of roast beef would be affected by each factor.

Google has paid $2 in dividends one year ago and this year has just paid $4 yesterday. In the next three years the dividends are expected to be $1, $5, and $4 at the end of year three. From there on, the dividend will grow with a yearly growth rate g. What is this implied growth rate that shareholders expect if the stock price today is $40? (The required rate of return for this stock is 10%.)

Google has paid $2 in dividends one year ago and this year has just paid $4 yesterday. In the next three years the dividends are expected to be $1, $5, and $4 at the end of year three. From there on, the dividend will grow with a yearly growth rate g. What is this implied growth rate that shareholders expect if the stock price today is $40? (The required rate of return for this stock is 10%.)

Nicki Corporation (a calendar year corporation) purchased a new machine (7 year property) in July 2015 for $20,000. Nicko did not elect section 179 for this asset but did claim 50% bonus depreciation. In November 2018, Nicko sells the machine. What is the machines adjusted basis at the date of sale?

A company has two investment possibilities, with the following cash inflows: Investment Year 1 Year 2 Year 3 A $1,600 1,800 2,000 B $1,200 1,200 1,200 If the firm can earn 7 percent in other investments, what is the present value of investments A and B? Use Appendix B and Appendix D to answer the question. Round your answers to the nearest dollar. PV(Investment A): $ PV(Investment B): $ If each investment costs $4,000, is the present value of each investment greater than the cost of the investment? The present value of investment A is -Select- the cost. The present value of investment B is -Select- the cost.

On July 1, Year 1, Danzer Industries Inc. issued $40,000,000 of 10-year, 7% bonds at a market (effective) interest rate of 8%, receiving cash of $37,282,062. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.

Required:

. The Rangaletta Company issues a five-year, zero-coupon bond on January 1, Year One. The bond has a face value of $200,000 and is issued to yield an effective interest rate of 9 percent. Rangaletta receives $129,986. On January 1, Year Three, Rangaletta pays off the bond early by making a payment of $155,000 to the bondholder. Make all journal entries from January 1, Year One, through January 1, Year Three assuming the effective rate method is applied. 6. Do problem 5 again but assume that the straight-line method is used.

Hummus Company began operations on January 1, Year 1. Selected ending balances for Year 1 are:

Accounts receivable, $5,600

Allowance for doubtful accounts, $790

Hummus Company experienced the following events during Year 2:

              Earned $225,000 of revenue on account

              Collected $175,000 cash from accounts receivable

              Paid in advance a one-year lease for office rent, $12,000; rental period began May 1, Year 2

Salary expense was $45,000, of which $40,000 had been paid at the end of Year 2

              Operating expenses were $125,000, of which $100,000 had been paid at the end of Year 2

              Wrote off $2,000 of uncollectible accounts

Adjusted the accounting records to reflect management’s belief that 3% of sales on account will be

uncollectible. Hummus Company uses the allowance method for accounting for bad debts.

Collected $500 from accounts that had been previously written off

(3 points) Question 1 – What is Hummus Company’s net income for Year 2?

(3 points) Question 2 – What is the net realizable value that Hummus Company will report on its Year 2 balance sheet (after all adjusting entries have been made)?

Private nonprofit four-year colleges charge, on average, $26,755 per year in tuition and fees. The standard deviation is $6,752. Assume the distribution is normal. Let X be the cost for a randomly selected college. Round all answers to 4 decimal places where possible.

a. What is the distribution of X? X ~ N(

b. Find the probability that a randomly selected Private nonprofit four-year college will cost less than 25,013 per year.

c. Find the 66th percentile for this distribution. $ (Round to the nearest dollar.)

c. Find the 66th percentile for this distribution. $Incorrect (Round to the nearest dollar.) 29540

Please show step by step.