Auto Resales, Inc. started business on January 1, 20X1 (beginning inventory balance is zero). On January 1, 20X1 the company purchased all of the inventory for their used car sales lot. Purchase information is:

Types of cars, number of cars, and sales price per car are as follows:

During the year, Auto Resales, Inc. sold the following cars:

Using the relative sales value approach, what is the cost allocated to each Lexus car?

Using the relative sales value approach, what is the total cost of goods sold for 20X1?

A company manufactures and sells one product. At the end of the year, the managers were disappointed that the profit had decreased. The details are:-

                                                            BUDGET                                ACTUAL

                                                                              £                                             £

Sales                                        1 200 units      36 000           1 000 units      40 000

Material (variable cost)              500 kg              3 000              500 kg             3 600

Labour (variable cost)             1 200 hours       12 000           1 100 hours      12 100

Fixed overheads                                                 9 000                                     7 000

Total costs                                                       24 000                                   22 700

Profit / (Loss)                                                  12 000                                   17 300

(a)        Calculate the following variances:_

1. Material price and usage
2. Labour rate and efficiency
3. Overhead spending and volume
4. Sales volume and price

(b)       Prepare a report to explain the difference between the expected profit of £12 000 and        the actual reported profit of £22 700 for the year.

2. Discuss the reports that should be provided to the managers of:-
   1. cost centres
   2. profit centres
   3. investment centres

Tomorrow is the ex-dividend date for the shares of firm Alpha. The dividends will be $1 per share, and there are 20,000 shares outstanding. The balance sheet in market values is as follows:

a- What is the share price of Alpha today?

b- What is the expected price of a share tomorrow?

c- Consider that Alpha announces a share buyback of $20,000 instead of paying out a dividend:

i. How will a shareholder with 100 shares, willing to sell two of his shares, be affected by the share buyback operation?

ii. Compare the effects for the firm and shareholders of the two alternatives, the share buyback and the cash dividend.

d- Consider now that Alpha changes its mind again and decides to issue a 2% dividend in shares. How would a shareholder with 100 shares be affected by the share dividend? Compare this situation with the alternative cash dividend and share buyback.

On May 10, Mr. Evans has 100 shares of Kimpo Corporation. Kimpo Corporation has 10,000 shares outstanding. The total equity of the company is 1,670,000. The market price of the stock on May 10 is $250 per share. A) What is the book value per share? $ B) What is the total book value of Mr. Evans 100 shares? $ C) What is the market value of Mr. Evans shares? $ On June 5, the company declares a 2 for 1 stock split. After the stock split on June 5, the market price of the stock is $130 per share. D) What is the book value per share on June 5? $ E) How many shares does Mr. Evans have on June 5? F) What is the total book value of Mr. Evans shares on June 5? $ G) What is the market value of Mr. Evans shares on June 5? $

Macro Economics

Table contains some data about the economy of Potsteel. Assume that this is a complete record of the economy. Some parts of this question ask for numerical solutions. You must include both the final answer, and how you found that answer

Using the data in Table 1, find the growth rate in real GDP each year from 2017 to 2019 taking (i) 2016 as the base year, and (ii) 2019 as the base year. (iii) Explain why there is a difference in your answers to parts (i) and (ii).

Consider the following situation: The world price of oranges is $15 per bushel. The domestic supply of oranges is 100 + 2(P) and the domestic demand for oranges is 500 – 5(P). Assume for now that this is a small nation that is not able to affect the world market. Show specific results (75 points)

1. How would a tariff of $10 per bushel affect this nation? (Consider gains and losses)
2. How would a quota of 100 bushels affect the nation?
3. What if there is a social benefit (not captured in the price) of $5 per bushel to people eating oranges? How does this affect your answer to (a) above?
4. How would your answer to (c) change if the nation were importing something to which there was an associated negative externality?
5. Assume now that the nation is large and that it CAN affect the world market. Explain what happens to the world market for oranges when the tariff is passed. Be sure to discuss terms of trade, gains and losses, impact on the factor markets.

In this problem you will calculate the CPI for the average urban consumer and for Jane using the prices for year 1 and year 2. The basket numbers represent the percentage of each dollar that is devoted to each good (written in decimal form). Assume year 1 is the base year. Round to two decimal places.

For the average person, the cost of the basket in year 1 is $ __ and the cost of the basket in year 2 is $ __ .

For the average person, the CPI in year 1 is __ and the CPI in year 2 is __ .

For the Jane, the cost of the basket in year 1 is $ __ and the cost of the basket in year 2 is $ __ .

For the Jane, the CPI in year 1 is __ and the CPI in year 2 is __ .

Please do it by type not pics.

1.Purple Cow Inc. uses the perpetual first-in-first-out method to account for their inventory. Using the following information calculate the ending inventory?

2.Purple Cow Inc. uses the periodic first-in-first-out method to account for their inventory. Using the following information calculate the cost of goods sold for the period?

MARGINAL ANALYSIS - Economics for Business Decision

You are a business owner of a firm that services trucks. A customer would like to rent a truck from you for one week, while you service his truck. You must decide whether or not to rent him a truck. You have an extra truck that you will not use for any other purpose during this week. This truck is leased for a full year from another company for $350/ week plus $.50 for every mile driven. You also have paid an annual insurance premium, which costs $70/ week to insure the truck. The truck has a full 100-gallon fuel tank. The customer has offered you $500 to rent the truck for a week. The price includes the 100 gallons of fuel that is in the tank. It also includes up to 500 miles of driving. The customer will pay $.50 for each additional mile that he drives above the 500 miles. You anticipate that the customer will bring back the truck with an empty fuel tank and will have driven more than 500 miles. You sell fuel to truckers at a retail price $3.35/gallon. Any fuel you sell or use can be replaced at a wholesale price of $2.95/gallon. The customer will rent a truck from another company if you do not accept the proposed deal. In either case, you will service his truck. You know the customer and are confident that he will pay all charges incurred under the agreement.

1. Should you accept or reject the proposed deal? Why, or why not? Show calculations.

2. Would your answer change if your fuel supplier limited the amount of fuel up to 100 gallons/ week you could purchase from him at the wholesale price? Explain.