1. You are given the following demand equations:

Q 450 16P

Q 360 80P

Q 1,500 500P

a. Determine each equation’s total revenue and marginal revenue equations.

b. Plot the demand equation and the marginal and total revenue equations on a graph.

c. Use calculus to determine the prices and quantities that maximize the revenue foreach equation. Show the points of revenue maximization on the graphs that you have constructed.

2. You are given the following cost equations:

TC 1,500 300Q 25Q2 1.5Q3

TC 1,500 300Q 25Q2

TC 1,500 300Q

a. Determine each equation’s average variable cost, average cost, and marginal cost.

b. Plot each equation on a graph. On separate graphs, plot each equation’s average variable cost, average cost, and marginal cost.

c. Use calculus to determine the minimum point on the marginal cost curve.

3. Given the demand equation shown, perform the following tasks:

Q 10 .004P

a. Combine this equation with each cost equation listed in question 3. Use calculus to find the price that will maximize the short-run profit for each of the cost equations.

b. Plot the profit curve for each of the cost equations.

c. Use calculus to determine the minimum point on the marginal cost curve.

4. Given the demand equation shown, perform the following tasks:

Q 10 .004P

a. Combine this equation with each cost equation listed in question 3. Use calculus to find the price that will maximize the short-run profit for each of the cost equations.

b. Plot the profit curve for each of the cost equations.

43. A company is involved in  financing activities when these:

31. Expenses

24. A decrease in accounts receivable turnover ratio is indicative of:

23. Which of the following is  not an expense?

13. The unadjusted trial balance:

12. When cash is paid  before the expense is incurred to generate revenue, costs are stated as:

11.Company A receives $10,000 in advance this month for work to be performed next month. This month, the company should:

Information need from Case 3 for the year end December 31, 2007 need for this question.

Total sales revenue: $639,111

Food operations sales revenue: $458,602 and Beverage operations sales revenue: $180,509

Average check for food and beverages: $9.59 Average check for food: $6.88 Average check for beverages: $2.71

In the case at the end of Chapter 3, you calculated the average food and beverage check for the 4C Company’s 84-seat restaurant in Year 2004. The restaurant was open for 52 weeks, 6 days a week for lunch, and 5 days a week for dinner. An analysis of sales checks indicated that the average turnover was 1.5 times for lunch and 1.25 times for dinner. Lunch contributes about 45 percent of total sales revenue and dinner, 55 percent. Total beverage sales revenue is 20 percent at lunch and 80 percent at dinner. a. Calculate the average lunch and average dinner checks for food and beverages.

This is how I think you solve the question. Is this correct?

Ave Lunch Check = (45% * $639,111) / (84 seats * 1.5 * 312days) = $7.3158 then of this $7.3158, 20% is from beverage sales and 80% is from food sales therefore:

Average lunch beverage check = $7.3158 * .2 = $1.46

Average lunch food check = $7.3158 * .8 = $5.85

Ave Dinner check = (55% * $639,111) / (84 seats * 1.25 * 260days) = $12.87586 then of this $12.87586, 80% is from beverage sales and 20% is from food sales therefore:

Average dinner beverage check = $12.87586 * .8 = $10.30

Average lunch food check = $12.87586 * .2 = $2.57

ou are currently a worker earning $60,000 per year but are considering becoming an entrepreneur. You will not switch unless you earn an accounting profit that is on average at least as great as your current salary. You look into opening a small grocery store. Suppose that the store has annual costs of $150,000 for labor, $50,000 for rent, and $30,000 for equipment. There is a one-half probability that revenues will be $200,000 and a one-half probability that revenues will be $410,000.

Instructions: For all parts, enter a loss as a negative number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.

a. In the low-revenue situation, what will your accounting profit or loss be?

In the high-revenue situation, what will your accounting profit or loss be?

b. On average, how much do you expect your revenue to be?

Your accounting profit?

Your economic profit?

Will you quit your job and try your hand at being an entrepreneur?

   (Click to select)  No  Yes

c. Suppose the government imposes a 25 percent tax on accounting profits. This tax is only levied if a firm is earning positive accounting profits. What will your after-tax accounting profit be in the low-revenue case?

In the high-revenue case?

What will your average after-tax accounting profit be?

What about your average after-tax economic profit?

Will you now want to quit your job and try your hand at being an entrepreneur?

   (Click to select)  No  Yes

d. Other things equal, does the imposition of the 25 percent profit tax increase or decrease the supply of entrepreneurship in the economy?

   (Click to select)  Decrease  Increase

PLEASE HELP FILLING OUT THE ANALYSIS TAB

Using the information from the requirements above, complete the 'Analysis' tab.

Background

Getswift Ltd (“Getswift”) is a newly listed company involved that provides a software distribution solution. The board has heard that a new revenue standard has been issued and as none of the board has a financial background, they are unsure what it means for them. They have heard though that the impact of the new standard on most businesses will be significant.

As a result, they have engaged your consultancy firm to provide them with a letter of advice to explain the impact that the new standard will have on the income recognition of Getswift.

REQUIRED

You are required to provide a letter of advice to the board of Getswift explaining the requirements of the new revenue standard with a focus on how it will impact their particular revenue recognition.  

In addition, you are required to write a short transmittal email enclosing the letter of advice.  

Important Additional Information

You are expected to research this company and gain an understanding of what they do so that you understand the nature of their revenue. The 2016/2017 annual report should be used as a starting point but you are expected to go further than this.

This assessment requires much more than copying the requirements from the new standard and those students that just do this will be marked poorly. The majority of the marks will be for the application of the standard to Getswift’s revenue sources. Therefore, you need an understanding of what they do.

The language of your letter of advice should be tailored to the audience and their level of financial literacy.

Required Format and additional requirements

You are required to produce:

1. A transmittal email to the Board

2. A Letter of Advice, addressed to the Board, which includes references

This is the website for Getswift Financial Report year ended 30 June 2017:

https://www.asx.com.au/asxpdf/20170831/pdf/43lxn9xg34pp4q.pdf

Problem 3-03A a, b1-b3, c (Video) (Part Level Submission)

Marigold Corp. was organized on July 1, 2020. Quarterly financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown as follows.

A)Journalize the adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

(a)

Journalize the adjusting entries that were made. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Group Exercise #7

The tourist industry is subject to enormous seasonal variation.   A hotel in Bermuda has recorded its occupancy rate for each quarter over a 5-year period.    These data are shown in the following table:

1. Calculate the seasonal indices for each quarter in order to measure seasonal variation.     Also, include the Trend Line Equation. (Hint:   Because the regression line yt = β0 + β1t    represents trend, it follows that the time series divided by the predicted values produces ytyt = S_t X R_tà seasonal & random variation.   And, because there is no cyclical effect, use this method to compute seasonal indices.)

2. What can you infer from the Seasonal Indices?

3. Deseasonalize the occupancy rates and assess.   (Hint:   Graphically compare the original and adjusted data sets.   Accordingly, provide data-supported inference/s.)

4. Forecast each quarter’s occupancy rate for 2000.

5. As an alternative to calculating and using seasonal indices to measure seasonal variations, indicator variables can be used in a multiple regression model.   Accordingly, use indicator variables and regression analysis to forecast hotel occupancy in 2000.   How does this compare to the forecast produced by using seasonal indices?