1. Average Cost for Producing Microwaves
Let the total cost function C(x) be defined as follows.
C(x) = 0.0003x3 − 0.02x2 + 103x + 3,600
Find the average cost function C.
C(x) =
Find the marginal average cost function C '.
C '(x) =
2. Marginal Revenue for Producing Loudspeakers
The management of Acrosonic plans to market the ElectroStat, an electrostatic speaker system. The marketing department has determined that the demand for these speakers is represented by the following function, where p denotes the speaker's unit price (in dollars) and x denotes the quantity demanded. Find the following functions (in dollars), find the value (in dollars) and interpret your results.
p = −0.02x + 890 (0 ≤ x ≤ 20,000)
(a)
Find the revenue function R.
R(x) =
(b)
Find the marginal revenue function R'(x).
R'(x) =
(c)
Compute the following value.
R'(8,200) =
Interpret your results.
When the level of production is units, the production of the next speaker system will bring an additional revenue of dollars.
3.Marginal Cost, Revenus, and Profit for Producing LCD TVs
A company manufactures a series of 20-in. flat-tube LCD televisions. The quantity x of these sets demanded each week is related to the wholesale unit price p by the following equation.
p = −0.007x + 190
The weekly total cost (in dollars) incurred by Pulsar for producing x sets is represented by the following equation. Find the following functions (in dollars) and compute the following values.
C(x) = 0.000001x3 − 0.02x2 + 140x + 75,000
(a)
Find the revenue function R.
R(x) =
Find the profit function P.
P(x) =
(b)
Find the marginal cost function C'.
C'(x) =
Find the marginal revenue function R'.
R'(x) =
Find the marginal profit function P'.
P'(x) =
(c)
Compute the following values. (Round your answers to two decimal places.)
C'(1,500)=R'(1,500)=P'(1,500)=
In: Math
As you know, for environmental taxes to be optimal, they should be based on the marginal external cost (marginal damages) at the optimum level of pollution. However, proposals for environmental taxes are often based on other criteria. The questions below prompt you to explore why these alternative proposals—-while perhaps having, at first, some intuitive appeal—are likely to be inefficient.
please answer each question clearly.
1. “If it costs $100/ton to sequester carbon (i.e. take carbon out of the atmosphere), carbon should be taxed at $100/ton” Is it true ? Why ?
2. “I wouldn’t mind paying a tax on pollution if the revenue went to taking care of the problem. They should base the tax on how much revenue is needed to clean up pollution.” Suppose that the nature of pollution damage was such that the marginal damages were due to the costs that society faced from cleaning up these damages.
(a) Show that, if marginal external costs are constant, the optimal tax will lead to tax revenue being exactly equal to the (equilibrium) costs of clean up. Hint : use a graph and compare areas
(b) Show that, if marginal external costs are rising, the optimal tax will lead to tax revenue being more than enough to clean up the damage. Hint : to make areas easy to compare, use linear curves.
(c) Show that, if marginal external costs are rising, a tax based on raising the revenue required to clean up damage will be too low.
3. “II wouldn’t mind paying a tax on pollution if the revenue went to taking care of the problem. They should use a tax on carbon emissions to subsidize tree planting to soak up carbon.” Under some proposed policies for aforestation, the carbon tax rate and the aforestation subsidy rate would be coordinated so that the revenues obtained from the carbon tax are just used up by the tree-planting subsidy. Does this policy make sense from the point of view of efficiency ?
In: Economics
Manning Delivery Service Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Account Title Debit Credit Cash 22,750 Accounts Receivable 1,200 Office Supplies 600 (d) 250 (d) 350 Prepaid Insurance 450 (c) 450 Truck 17,000 Acc. Dep.—Truck Accounts Payable 0 Salaries Payable Unearned Revenue 1,700 (e) 600 (e) 1100 Common Stock 34,000 Dividends 2,700 Service Revenue 12,500 (e) 12500 Salaries Expense 1,500 (a) 1500 Dep. Exp.—Truck (b) 1600 Insurance Expense Fuel Expense 200 200 Rent Expense 1,800 1800 Supplies Expense 48,200 48,200 1900 Net income or loss Choose from any list or enter any number in the input fields and then click Check Answer.
|
a. |
Accrued Salaries Expense,
$ 1,500. |
|
b. |
Depreciation was recorded on the truck using the straight-line method. Assume a useful life of 5 years and a salvage value of $8,000. |
|
c. |
Prepaid Insurance for the month has expired $450. |
|
d. |
Office
supplies on hand,
$250. |
|
e. |
Unearned Revenue earned during the month,
$600. |
|
f. |
Accrued Service Revenue,
$850. |
|
Manning Delivery Service |
|||||||||||||
|
Worksheet |
|||||||||||||
|
December 31, 2016 |
|
Unadjusted |
|||||||
|
Trial Balance |
Adjustments |
||||||
|
Account Title |
Debit |
Credit |
|||||
|
Cash |
22,750 |
||||||
|
Accounts Receivable |
1,200 |
||||||
|
Office Supplies |
600 |
||||||
|
Prepaid Insurance |
450 |
||||||
|
Truck |
17,000 |
||||||
|
Acc. Dep.—Truck |
|||||||
|
Accounts Payable |
0 |
||||||
|
Salaries Payable |
|||||||
|
Unearned Revenue |
1,700 |
||||||
|
Common Stock |
34,000 |
||||||
|
Dividends |
2,700 |
||||||
|
Service Revenue |
12,500 |
||||||
|
Salaries Expense |
1,500 |
(a) |
1500 |
||||
|
Dep. Exp.—Truck |
(b) |
1600 |
|||||
|
Insurance Expense |
|||||||
|
Fuel Expense |
200 |
200 |
|||||
|
Rent Expense |
1,800 |
1800 |
|||||
|
Supplies Expense |
|||||||
|
48,200 |
48,200 |
1900 |
|||||
|
Net income or loss |
|||||||
Choose from any list or enter any number in the input fields and then click Check Answer.
In: Accounting
Stock Market Valuation and Success - IPO
The business I’ve chosen is DocuSign Inc (DOCU). The company makes software for digitally signing documents, and has been on CNBC’s list of startups revolutionizing the technology industry three times. They went public in April 2018 after raising $629.3 million in IPO. The stock opened at $38 per share, above the estimates of between $24 and $26 per share, and closed at $39.73 per share. DocuSign planned to offer 16.1 million shares but initially sold 21.7 million shares giving them a total of 152.1 million shares, valuing the company at $4.41 billion, which is above the original $3 billion valuation estimated. The IPO money has been spent on major investments in infrastructure and security, and creating a company culture that’ll attract top talent (Novet, 2018).
The market at the time seemed very favorable for the tech company’s. DocuSign was the eighth cloud based company to go public in 2018 following Dropbox and Zscaler Inc. In recent years leading up to going public in 2018 the company struggled with revenue loss, but its revenue has risen 39% overall. The revenue losses have been $52 million for the fiscal year ending 2017, $115 million in 2016, and $123 million in 2015. In good news for shareholders the revenue in fiscal year 2019 was over $700 million and the company grew 35%. There was some fear the company may not be profitable in the future because most of their revenue is from customer subscriptions, but they’ve done a good job at partnering with companies to use their services creating more revenue, and more profit value for shareholders (Bary, 2018).
For Chegg: explain whether you agree or disagree with the above assessments of my Selected IPO that occurred in the last five years . Can you identify additional economic and market factors that may have influenced the results of the IPO?
In: Finance
Run two regressions using Excel from the data below. Find the following information: 1. estimated regression equations for both regressions 2. both coefficients of determination. 3. significance of each independent variable 4.Report the significance of both models. 5.Predict y for a fictitious set of x values for both
| Years | Weekend | Daily Tour Income | Daily Gross Revenue | Number of Tourists |
| 1 | Friday | 3378 | 4838.95 | 432 |
| 1 | Saturday | 1198 | 3487.78 | 139 |
| 1 | Sunday | 3630 | 4371.3 | 467 |
| 2 | Friday | 4550 | 6486.48 | 546 |
| 2 | 2467 | 3437.39 | 198 | |
| 2 | Sunday | 3593 | 4571.43 | 452 |
| 3 | Friday | 898 | 2515.15 | 119 |
| 3 | Saturday | 2812 | 5462.11 | 342 |
| 3 | Sunday | 2650 | 5498.89 | 321 |
| 4 | Friday | 3230 | 5071.14 | 402 |
| 4 | Saturday | 4798 | 8051.43 | 523 |
| 4 | Sunday | 3253 | 4291.95 | 353 |
| 5 | Friday | 2848 | 4545 | 347 |
| 5 | Saturday | 4632 | 8865.01 | 534 |
| 5 | Sunday | 3767 | 4710.64 | 412 |
| 6 | Friday | 4499 | 10752.74 | 529 |
| 6 | Saturday | 3868 | 6435.63 | 422 |
| 6 | Sunday | 2489 | 3389.37 | 288 |
| 7 | Friday | 3448 | 6129.58 | 367 |
| 7 | Saturday | 3612 | 7357.12 | 406 |
| 7 | Sunday | 1937 | 2121.76 | 216 |
| 8 | Friday | 2548 | 4738.86 | 294 |
| 8 | Saturday | 2833 | 4141.98 | 317 |
| 8 | Sunday | 2214 | 4878.35 | 284 |
| 9 | Friday | 1520 | 4102.49 | 169 |
| 9 | Saturday | 4322 | 8639.55 | 462 |
| 9 | Sunday | 1833 | 3946.71 | 203 |
| 10 | Friday | 2271.63 | 4236.31 | 235 |
| 10 | Saturday | 2407.88 | 5613.27 | 266 |
| 10 | Sunday | 1772.17 | 5580.17 | 182 |
| 11 | Friday | 1494 | 3833.52 | 177 |
| 11 | Saturday | 1998 | 3986.57 | 213 |
| 11 | Sunday | 1388 | 2721.56 | 165 |
| 12 | Friday | 1925 | 3952.19 | 190 |
| 12 | Saturday | 2695 | 6281.3 | 243 |
| 12 | Sunday | 1525 | 3356.14 | 172 |
| 13 | Friday | 1725 | 3822.59 | 187 |
| 13 | Saturday | 2450 | 4141.75 | 253 |
| 13 | Sunday | 1407.5 | 3312.41 | 173 |
| 14 | Friday | 2394 | 4571.5 | 242 |
| 14 | Saturday | 3012 | 6363.3 | 311 |
| 14 | Sunday | 2058 | 3502.22 | 239 |
| 15 | Friday | 2427 | 5881.13 | 267 |
| 15 | Saturday | 3189 | 10409.13 | 336 |
| 15 | Sunday | 2109 | 4955.05 | 178 |
| 16 | Friday | 2244 | 4347.41 | 184 |
| 16 | Saturday | 3195 | 4935.17 | 274 |
| 16 | Sunday | 1017 | 3486.27 | 114 |
| 17 | Friday | 3470 | 6290.99 | 325 |
| 17 | Saturday | 5323 | 13132.55 | 478 |
| 17 | Sunday | 2345 | 5014.45 | 242 |
| 18 | Friday | 1671 | 2740.23 | 177 |
| 18 | Saturday | 2321.94 | 4423.31 | 246 |
| 18 | Sunday | 1542 | 2650.48 | 182 |
In: Statistics and Probability
Description: budget
Students will create a real-life budget that utilizes the mathematical operators to show monthly income, semiannual income, and an annual income. Students will use correct recognizable variables to describe each budgeted item. Please do not use single letter variables points will be deducted. Be sure to use proper documentation regarding comments to identify what you are doing in each part of your code.
List of budgeted items:
Monthly donations such as charities, special-needs, offerings, homeless.
Other items that may be included in the budget: food, restaurants, entertainment, animal care, mortgage, rent, property tax, household repairs, Utilities, cell phone, cable bill, internet, shopping and this may be broken into categories in itself, fuel, car maintenance, parking fees, medical in this can be broken into categories such as primary care, dental, medications, Insurance this may include car insurance, homeowners insurance, identity theft protection, and long term care for those who have aging parents, next category can be household items such as toiletries, laundry detergent, cleaning supplies, tools, next we have personal care this may include gym memberships, streaming memberships, salon services, Babysitting services, child support, alimony, this category can be Credit card services, personal loans, student loans, may also want to add School supplies, any professional conferences, Financial coaching, also possibly savings accounts, and finally such as birthdays, weddings, anniversaries and Christmas.
You do not have to use every single item in every single possible category because not everyone has the same expenses.
Your monthly budget might look like the following example:
Monthly= food, Rent, babysitter, groceries, car payments, car insurance, donations, utilities, cell phone, Health insurance, and entertainment
Semiannual = car_ maintenance, water_ bill, optical _visit, property _ tax, school_ supplies
Annual = special occasion, birthday Celebration, holiday spending
To find out your Weekly and monthly income you would do the following multiply hourly wage by hours _worked per week. To find your annual salary multiply your weekly income by 52 or 26 and maybe 12 if you get paid monthly.
Students should make sure to include the following print statements at the end of your assignment:
Four print statements that display the following: Weekly income, monthly income, semiannual income, and annual income.
The Final print statement we’ll include your monthly budget minus your monthly income and your annual income minus your semiannual budget.
Please be sure to use the proper format when printing a dollar amount.
(Python Coding)
In: Computer Science
Amalgamated General Corporation is a consulting firm that also
offers financial services through its credit division. From time to
time the company buys and sells securities. The following selected
transactions relate to Amalgamated’s investment activities during
the last quarter of 2021 and the first month of 2022. The only
securities held by Amalgamated at October 1, 2021 were $40 million
of 10% bonds of Kansas Abstractors, Inc., purchased on May 1, 2021
at face value and held in Amalgamated’s trading securities
portfolio. The company’s fiscal year ends on December 31.
| 2021 | ||||
| Oct. | 18 | Purchased 2 million shares of Millwork Ventures Company common stock for $63 million. Millwork has a total of 62 million shares issued. | ||
| 31 | Received semiannual interest of $2.4 million from the Kansas Abstractors bonds. | |||
| Nov. | 1 | Purchased 10% bonds of Holistic Entertainment Enterprises at their $18 million face value, to be held until they mature in 2031. Semiannual interest is payable April 30 and October 31. | ||
| 1 | Sold the Kansas Abstractors bonds for $37 million because rising interest rates are expected to cause their fair value to continue to fall. No unrealized gains and losses had been recorded on these bonds previously. | |||
| Dec. | 1 | Purchased 12% bonds of Household Plastics Corporation at their $60 million face value, to be held until they mature in 2031. Semiannual interest is payable May 31 and November 30. | ||
| 20 | Purchased U. S. Treasury bonds for $7.2 million as trading securities, hoping to earn profits on short-term differences in prices. | |||
| 21 | Purchased 4 million shares of NXS Corporation's 48 million shares of common stock for $48 million, planning to hold these shares until market conditions encourage their sale. | |||
| 23 | Sold the Treasury bonds for $7.5 million. | |||
| 29 | Received cash dividends of $9 million from the Millwork Ventures Company shares of common stock. | |||
| 31 | Recorded any necessary adjusting entries relating to the investments. The market price of the Millwork Ventures Company common stock was $27.00 per share and $14.00 per share for the NXS Corporation common stock. The fair values of the bond investments were $58.9 million for Household Plastics Corporation and $16.5 million for Holistic Entertainment Enterprises. |
| 2022 | ||||
| Jan. | 7 | Sold the NXS Corporation common stock shares for $47 million. |
Required:
Prepare the appropriate journal entry for each transaction or
event. Use one summary entry on December 31 to adjust the portfolio
of equity investments to fair value. (If no entry is
required for a transaction/event, select "No journal entry
required" in the first account field. Do not round intermediate
calculations. Enter your answers in millions rounded to 1 decimal
place, (i.e., 5,500,000 should be entered as 5.5).)
In: Accounting
Amalgamated General Corporation is a consulting firm that also
offers financial services through its credit division. From time to
time the company buys and sells securities. The following selected
transactions relate to Amalgamated’s investment activities during
the last quarter of 2021 and the first month of 2022. The only
securities held by Amalgamated at October 1, 2021 were $55 million
of 10% bonds of Kansas Abstractors, Inc., purchased on May 1, 2021
at face value and held in Amalgamated’s trading securities
portfolio. The company’s fiscal year ends on December 31.
| 2021 | ||||
| Oct. | 18 | Purchased 2 million shares of Millwork Ventures Company common stock for $66 million. Millwork has a total of 68 million shares issued. | ||
| 31 | Received semiannual interest of $3.3 million from the Kansas Abstractors bonds. | |||
| Nov. | 1 | Purchased 10% bonds of Holistic Entertainment Enterprises at their $18 million face value, to be held until they mature in 2031. Semiannual interest is payable April 30 and October 31. | ||
| 1 | Sold the Kansas Abstractors bonds for $49 million because rising interest rates are expected to cause their fair value to continue to fall. No unrealized gains and losses had been recorded on these bonds previously. | |||
| Dec. | 1 | Purchased 12% bonds of Household Plastics Corporation at their $60 million face value, to be held until they mature in 2031. Semiannual interest is payable May 31 and November 30. | ||
| 20 | Purchased U. S. Treasury bonds for $7.5 million as trading securities, hoping to earn profits on short-term differences in prices. | |||
| 21 | Purchased 4 million shares of NXS Corporation's 54 million shares of common stock for $54 million, planning to hold these shares until market conditions encourage their sale. | |||
| 23 | Sold the Treasury bonds for $8.1 million. | |||
| 29 | Received cash dividends of $9 million from the Millwork Ventures Company shares of common stock. | |||
| 31 | Recorded any necessary adjusting entries relating to the investments. The market price of the Millwork Ventures Company common stock was $28.50 per share and $15.50 per share for the NXS Corporation common stock. The fair values of the bond investments were $59.3 million for Household Plastics Corporation and $16.7 million for Holistic Entertainment Enterprises. |
| 2022 | ||||
| Jan. | 7 | Sold the NXS Corporation common stock shares for $52 million. |
Required:
Prepare the appropriate journal entry for each transaction or
event. Use one summary entry on December 31 to adjust the portfolio
of equity investments to fair value. (If no entry is
required for a transaction/event, select "No journal entry
required" in the first account field. Do not round intermediate
calculations. Enter your answers in millions rounded to 1 decimal
place, (i.e., 5,500,000 should be entered as
5.5).)
In: Accounting
17. Which of the following would appear on the statement of financial position as a current liability?
|
|
a. |
a probable loss in the amount of $4 million from an ongoing lawsuit |
|
|
b. |
a possible loss in the amount of $4 million from an ongoing lawsuit |
|
|
c. |
a probable loss from an ongoing lawsuit, the amount of which is not yet determinable |
|
|
d. |
a lawsuit for $4 million for which the likelihood of loss is remote |
|
18. Chastain Park Entertainment paid salaries expense of $350,000 during Year 1. However, additional salaries of $20,000 had been earned by employees, but not paid or recorded at December 31, Year 1. |
||||||||||||
|
Refer to Chastain Park Entertainment. Under the accrual basis of accounting, what is the total amount of salaries payable to be reported at December 31, Year 1?
|
|
19. Fiona’s Italian Market purchased a delivery truck for $25,000 at the beginning of Year 1. The truck has an estimated life of five years and an estimated residual value of $5,000. The company plans to use the straight-line depreciation method. At the beginning of Year 2, the company spent $4,000 to replace the truck’s transmission. This resulted in a two-year extension of useful life, but no change in residual value. |
||||||||||||
|
Refer to Fiona’s Italian Market. What is the amount of depreciation expense for Year 2?
|
||||||||||||
|
20. On January 1, Year 1, Kaleidoscope Paint issued $500,000, 10-year, 9% bonds for $480,745. The bonds pay interest on June 30 and December 31. The market rate is 10%. The company plans to use the effective interest method of amortizing bond discounts and premiums. |
||||||||||||
|
Refer to Kaleidoscope Paint. What will be the cash payment on June 30, Year 1?
|
|
21. Selected financial data for Rescue Rooter are presented
below:
|
|||||||||||||||
|
Refer to Rescue Rooter. What does the debt-to-equity ratio for Year 2 indicate?
|
22. Dietz Inc. sells merchandise on credit. If a customer pays its balance due within the discount period, what is the effect of the payment on Dietz’s accounting equation, assuming the sale has already been appropriately recorded?
|
|
a. |
Assets and shareholders’ equity decrease. |
|
|
b. |
Assets and shareholders’ equity increase. |
|
|
c. |
Assets decrease and liabilities increase. |
|
|
d. |
Shareholders’ equity decreases and liabilities increase. |
In: Accounting
The following list of accounts and their balances represents the
unadjusted trial balance of A$AP LLC at
October 31, 2017 the end of their fiscal year:
Cash $ 6,550
Accounts Receivable 60,000
Inventory 58,000
Prepaid Insurance 7,500
Notes receivable ( 9 % ,5 year note due 6/1/2022) 20,000
Land 10,000
Plant & Equipment 80,000
Accounts Payable 38,810
Prior Period Adjustment (refund of 2014 taxes) 12,000
Common Stock 140,000
Retained Earnings 80,660
Sales 236,826
Rental Expense 13,991
Cost of Goods Sold 170,400
Repairs & Maintenance 15,617
Entertainment expense 7,500
Miniature golf expense 500
DWI fines 5,000
Salaries & Wages 45,600
Interest Expense 2,500
Advertising Expense 3,000
Miscellaneous Expense 1,098
Additional data:
1. On October 1, 2017, A$AP received $13,500 rent from its lessee
for a 12-month lease beginning on
that date, crediting Rent Expense.
2. The regular rate of depreciation is 10% per year. Acquisitions
and retirements during a year are
depreciated at half this rate. On 10/31/16, the balance of Plant
& Equipment was $85,000. During the
2017 fiscal year $20,000 of depreciable plant & equipment was
charged to Inventory.
3. A$AP estimates that 5% of the Accounts Receivable balances on
10/31/17 will become uncollectible.
On 10/28/17, the bookkeeper incorrectly credited Sales for a
receipt on account in the amount of
$10,000.
4. Per a physical inventory, inventory on hand at 10/31/17 was
$95,000.
5. Prepaid insurance contains the premium costs of two policies:
Policy A, original cost of $4,500,
3-year term taken out on 7/1/16; Policy B, original cost of $3,000,
2-year term, taken out on 4/1/17.
6. On 5/31/16, A$AP rented a warehouse for $1,100 per month. No
rental payments were ever made.
7. A$AP likes to play miniature golf. He purchased five coupon
books for $40 each. Each book
contains ten coupons that enable the holder to play one round of
golf. At the end of the fiscal year 25
tickets were unused.
8. In December the company received and recorded $45,000 in advance
payments for the sale of a
A$AP doll. Shipments of this doll will take place during the first
week in December.
9. A$AP failed to bill certain customers for $2,000 relating to
services scheduled for election day.
10. Entertainment expense represents a donation to The Salvation
Army for their annual Thanksgiving
meals.
11. The company did not obtain the annual permits to operate. The
fee of $2,500 covers the calender
year.
Required:
(a) All necessary adjusting/correcting entries in accordance with
GAAP using the information above.
(b) Indicate in the right margin using an R the entries that are
candidates for reversal.
In: Accounting