The response should be  2 to 3 paragraphs for the following question.

What is the difference between general obligation bonds and revenue bonds? What are the advantages and disadvantages of each? Give an example

A barber charges $12 per haircut and works Saturday through Thursday. He can perform up to 20 haircuts a day. He currently performs an average of 12 haircuts per day during the weekdays (Monday through Thursday). On Saturdays and Sundays, he does 20 haircuts per day and turns 10 potential customers away each day. These customers all go to the competition. The barber is considering raising his prices on weekends. He estimates that for every $1 he raises his price, he will lose an additional 10% of his customer base (including his turnaways). He estimates that 20% of his remaining weekend customers would move to a weekday in order to save $1, 40% would move to a weekday in order to save $2, and 60% would move to a weekday in order to save $3. Assuming he needs to price in increments of $1, should he charge a differential weekend price? If so, what should the weekend price be? (Assume he continues to charge $12 on weekdays.) How much revenue (if any) would he gain from his policy?

Solve using Excel

What are complementary and alternative medicine (CAM) therapies? What are some documented herb-drug interactions (pg 109).

What is a prototype drug?

What is the difference between generic and trade name drugs?

What is the difference between prescription and OTC medications?

What is Pharmacology?

What is a Black Box warning?

What are Drug Regulations?

What are the four phases of approval for therapeutic and biologic drugs?

What are the drug schedules?

What does dependence mean? What does tolerance mean?

What are the patient’s five rights? Why should you always check them prior to giving medications?

What is the difference between adverse effect and side effect?

What is an allergic reaction? What does anaphylaxis mean?

Why do numerous medications have a warning against grapefruit juice?

Review and understand: enteral drug administration – pg 27, topical drug administration pg 30, parental drug admin pg 33, and intravenous administration pg 34

What are drug-protein complexes?

What are the things that affect absorption (pg 40).

What are the types of drug drug interaction?

What is first pass effect?

What is the minimum effective concentration, toxic concentration, and therapeutic range?

What does the onset of drug action mean? What is the peak plasma level? What can affect the duration of drug action?

What is plasma half-life?

What is the difference between loading and maintenance doses?

What is the median effective dose, therapeutic index and median lethal dose?

What is potency?

What is efficacy?

What is agonist, antagonist?

The nursing process in Pharmacology: review the nursing process, assessment, nursing diagnoses, goals, outcomes, implementation and evaluation in Chapter 6.

What is a medication error? What is medication error index?

What are the factors that contribute to medication errors?

Do medication errors need to be reported? Why or why not?

What is a sentinel event?

What is polypharmacy?

What are some things we can do to minimize medication errors?

How does physiological changes in pregnancy affect pharmacotherapy?

What does teratogen mean?

What are the pregnancy drug categories and what do they mean?

How dose lactation affect pharmacotherapy?

What are some nursing interventions/parental teaching points for pharmacotherapy in infants, toddlers, school aged children?

What are the normal physiological changes that affect pharmacotherapy in the older adult (absorption, distribution, metabolism, and excretion)?

What does holistic mean?

How does cultural and ethnic influence pharmacotherapy?

What is polymorphism? How does it impact the patient?

What are some gender influences on pharmacotherapy?

8. At the beginning of 2014, Mask Ltd. had a Retained Earnings balance of $31,860. For the next three years, the firm reported the following net income (loss) and cash dividends declared and paid:

What would be the balance of Retained Earnings reported on the year-end balance sheet as of 12/31/2016?

-2.

Consider the following list of accounts:

• Service Revenue
• Deferred Revenue
• Inventory
• Prepaid Rent
• Common Stock
• Cost of Goods Sold
• Accumulated Depreciation-Equipment
• Rent Expense
• Retained Earnings
• Sales Revenue

How many of these accounts are reported on the income statement?

-3. LPM Ltd. uses units produced as its measure of activity. During August, the company budgeted for 48,900 units of output, but actually produced 46,700 units of output. The company uses the following revenue and cost formulas in its budgeting, where q is the number of units of output:

Revenue: $11.60q

Salaries: $31,050 + $2.45q

Supplies: $1.25q

Utilities: $0.60q

Insurance: $23,090

Miscellaneous expenses: $13,800 + $0.21q

The company reported the following actual results for August:

The spending variance in August for ‘Supplies’ is:

Suppose that Company A had three paying consumers in the month of April 2016. The customer journey of these three consumers and the respective revenue from the sale is presented in the table below.

Assume that the company uses the time decay attribution model to ascertain revenue sharing across the digital marketing channels. The time decay is set up such that the channel closest to the sale is given and attribution of 50%, followed by 30%, 15% and 5% attributed respectively to channels preceding it in decreasing order of closeness to sale as shown in the table below:

A. For the scenario depicted in the document the share of revenue for Paid Search channel is ... a. $190 b. $210 c. $180 d. $200

B. For the scenario depicted in the document which channel gets the highest share of revenue?....a. direct b. paid search ad C. organic D. email

C. IF the company had employed a linear attribution model the share of revenue for direct channel would have been: A. $158 b. $206.25 c. $190.25 d. $190

D. For the scenario depicted in the document which channel gets the lowest share of the revenue? a. Organic b. Direct c. Paid Search Ad d. Email

Marion Boats, Inc. (The following contains the only given information)

           Fred Cunningham was a fire truck salesman for may years, while Bill, his brother, worked as a book salesman for a major publishing house. Although they had done fairly well financially, they wanted to “be their own bosses,” so they decided to go into business together.

           They agreed that selling small fishing and recreational boats would be a good line for them to go into as both had been interested in fishing and boating for many years. Also, the small town Marion, Mississippi, where they lived, did not have any boat dealerships. The nearest dealer was some 95 miles away.

           After some searching, they chose a suitable site for their proposed operation. It was situated at a popular local dock. A dilapidated building which had been condemned by the local authorities stood on the site.

           At this point in time, the brothers decided to incorporate the business. The services of a lawyer were obtained to draw up the legal papers and to handle all aspects of the execution of the incorporation. The fee for this service was $800, and each of the brothers paid half of it.

           On October 1, 2005, Fred purchased 1,800 shares of the company’s stock for $72,000, and Bill purchased 500 shares for $20,000. The payment for legal services was considered part of these company’s shares could be made only at the prevailing book per share at the time of the sell his shares back to the company, this transaction would also be conducted at the prevailing book value of the shares. The brothers also agreed that they should each receive salaries of $24,000 per year at all times during which they were engaged in the company’s business on a full-time basis. Both knew this amount was less than they could earn in other jobs, but they realized a small salary was needed at this time to ensure that the dealership could pay its bill on time.

           On November 1, 2005 with the aid of a $40,000 bank loan and $32,000 of the company’s money, Fred purchased the property which had been selected. The same day, he left his job to devote his full attention to the new enterprise.

           First, Fred arranged to have the old building demolished. A cursory examination revealed there was nothing of any significance that could be salvaged, except for some building stone. Mr. Mahoney, the wrecker, agreed to clear the site for $7,000, provided he could have the stone. Otherwise, he would want $9,000. Fred was convinced he could get a better price for the stone, so he instructed Mr. Mahoney to clear the site and store the stone in a corner of it. This work was started immediately and completed before Christmas. Mr. Mahoney agreed to defer collection of payment until May 31, 2006.

           In the meantime, Fred got in touch with a large boat manufacturer, Sport Boats, Inc., who had previously indicated interest in the projected dealership. Fred asked Sport Boats for financial help to construct the buildings needed to carry on business. Sport Boats agreed to provide all the financing needed for the building through a loan repayable in 10 equal annual installments, provided Marion Boats sold only Sport Boats models. The loan carried an interest rate of 10% per year, payable from April 1, 2006. The first repayment, including interest, would fall due on March 31, 2007.

           On December 31, 2005, Sport Boats sent a check for $40,000 to get Marion Boats started. Fred deposited the check in the business’s bank account. The remainder of the loan would be forthcoming when the building was completed.

           Next, Fred arranged through a consulting architect for several construction companies to bid for the job. The lowest bidder was the Birkett and Snell Company. They agreed to construct the specified building for $124,000. On the advice of his architect, however, Fred decided to accept the Holmes Brothers Construction Company bid of $140,000; the architect believed Birkett and Snell was less reliable than Holmes in meeting promised completion dates.

           The construction was started immediately, Holmes promising completion by the end of March 2006. Progress payments on certificates from the architects were to be made at the end of January, the end of February, and the date of completion in amounts of $40,000, $40,000, and $60,000.

           During early 2006, Fred tried to obtain some orders for boats which he planned to deliver directly to customers from Sport Boat’s warehouse in Cleveland. Fred has some success with the model he had recently bought himself. Between January 1 and March 30, Fred sold 17 of this model at an average cash cost to Marion of $9,000. Nothing was paid to Sport Boats for these boats during the period. These 17 sales realized $183,600, whereof $58,000 represented trade-in allowances, $112,000 in cash, and the rest was outstanding at March 30. Fred sold all the trade-in boats for $54,800 cash before March 31. Previously, Bill and Fred agreed that the latter should receive $40 for every new boat sale as compensation for using his private boat as a display model.

           At the end of March, the building was completed. However, there was an additional charge of $2,4000 for materials, which Marion had to pay according to the provisions of the building contract. At the same time, the architect’s bill for $2,600 arrived.

           Fred sent the progress payments to the builder as previously arranged, making the January payment with $40,000 of the company’s money and the February payment with the Sport Boats loan. On March 31, the last $60,000 progress payment and the $2,400 materials surcharge were paid. The $40,000 bank loan plus interest of $2,000 was repaid by check on March 30.

           On March 30, Bill quit his job with the publishing house and joined Marion on a full-time basis. At Bill’s request, it was agreed that financial statements would be prepared, to allow the two brothers to see where they stood at the end of March. Sport Boats asked that a portion of the amount under the building contract, and Fred accepted this arrangement on behalf of Marion. The two brothers agreed that they would invite Mr. William Hurley, an accountant who was a mutual friend of theirs, to prepare the accounts.

Questions

1. As Mr. Hurley, prepare journal entries to record the events that have taken place in the business up to March 31, 2006.

2. From these journal entries, prepare a balance sheet as of March 31, 2006, and an income statement for the operation period to that date.

3. Based on your financial statements, what is the value of each brother’s equity in the company?

4. Using the cash account data, prepare a statement showing the receipts and disbursement of cash during the period from the formation of the business until March 31, 2006.

Between about December 2007 and June 2009, the United States was considered to be in a recession. The U.S. Gross Domestic Product fell approximately 3% from the third quarter of 2008 to the third quarter of 2009. Also, during December 2007 and June 2009, the Standard and Poor’s 500 index dropped by 38% and the unemployment rate climbed from 5% to 9.5%.

The macroeconomic situation affected almost all companies since higher unemployment affected personal consumption, which dropped from 10,140.3 Billion Dollars in Aug 2008 to 9,807 Billion Dollars in June 2009, a drop of 3.8 percent.

Starbucks is one of the companies affected by the December 2007 recession. The following table shows several ratios for Starbucks corresponding to the years 2006, 2007, and 2008. Use a stock price of 10.9 dollars per share for the year 2009.

By using the financial statements provided, calculate the ratios presented in the table for the year 2009 and answer the following questions:

e-      In what ratio can you see the change in the mix of debt and equity reflected?

g-       Did the quick ratio increase or decrease between the years 2007 and 2009?

h-      Explain why you expect the quick ratio to increase or decrease during a recession?

j-        What areas should Starbucks improve for the years 2010 onwards, if any?

Annual report:

http://media.corporate-ir.net/media_files/irol/99/99518/SBUX_AR.pdf

Expert Answer

A company is evaluating a revenue arrangement to determine proper revenue recognition. The contract is for manufacturing 20 race cars. The customer needs the cars by May 1, 2021. The customer provides a bonus payment of $320,000 if all cars are delivered by the May 1 deadline. The bonus is reduced by a fourth of the total available bonus amount (i.e., reduced by $320,000 divided by 4) each week that the cars are delivered after the deadline until no bonus is paid if the cars are delivered after May 22nd, 2021. The company has good historical data for estimating the probabilities of completion at different dates. It estimates an equal probability (20%) for each full delivery outcome. How much should the company recognize as revenue related to this bonus?

The revenue and cost functions for a particular product are given below. The cost and revenue are given in dollars, and x represents the number of units .

R(x) = −0.8x² + 704x

C(x) = 264x + 57120

(a) How many items must be sold to maximize the revenue?
________________
(b) What is the maximum revenue?
________________

(c) Find the profit function.
P(x) = ___________

(d) How many items must be sold to maximize the profit?

_______________

(e) What is the maximum profit?

________________

(f) At what production level(s) will the company break even on this product? (Enter your answers as a comma-separated list.)
units

________________

Explain revenue, marginal revenue, and marginal cost. Provide some examples.