There are two factories in a small town. Both of them emit carbon dioxide into the air. Factory 1 currently emits 120 tons per month, whereas factory 2 currently emits 160 tons per month. The technology of each factory is different, so their costs of reducing emissions are different as well. The tables below show the costs of reducing emissions in increments of 20 tons per month for each factory:

The existing technology does not allow for reductions in emissions beyond 100 tons/month. That is, the most each factory could reduce its emissions by is 100 tons/month.

Suppose the government in this town would like to cut monthly emissions to half of the current level. To do that, the government has decided to impose a tax for every 20 tons of pollution per month emitted by a factory. To achieve its desired goal (but not exceed the goal), the tax would have to be set between $ _____________   and $ _________________   for every 20 tons/month. (The first number should be the lower end of the tax, and the second number should be the higher end of the tax.)

Incorrect answers: 450 and 720 respectively

As a business owner, you are faced with a number of "cost curves." Two of the most important are the marginal cost curve and the average total cost curve. How does your marginal cost affect your average total cost, and how does your ATC differ in the short and long-run?

LIFO Perpetual Inventory

The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follows:

Required:

1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out method. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.

2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period.

3. Determine the ending inventory cost on June 30.
$

LIFO Perpetual Inventory

The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follows:

Required:

1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out method. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.

2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period.

3. Determine the ending inventory cost on June 30.
$

The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follows:

Required:

1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out method. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.

2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period.

3. Determine the ending inventory cost on June 30.
$

Weighted Average Cost Method with Perpetual Inventory

The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as follows:

Required:

1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 5, using the weighted average cost method. Round unit cost to two decimal places, if necessary.

2. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period.

3. Determine the ending inventory cost as of March 31.
$

Check My Work2 more Check My Work uses remaining

A recreation center would have the estimated value

• $1,000,000 if it has no public swimming pool

• $1,800,000 if it has a public swimming pool with 2 lanes

• $2,200,000 if it has a public swimming pool with 3 lanes

• $2,400,000 if it has a public swimming pool with 4 lanes

The pool costs $400,000 with 2 lanes. Each additional lane would cost $300,000. The city Park & Recreation Board is a bureaucracy that overview the center construction. The Board are the slack maximizer. Use this to answer the following 2 questions.

Answer for each questions are c and b, respectively, Please provide detail explanation ( not in handwriting form which I may not recognize it)

12. According to the Niskanen’s model of slack maximization, the Board will propose

a. to build the center with no swimming pool

b. the swimming pool with 2 lanes

c. the swimming pool with 3 lanes

d. the swimming pool with 4 lanes

13. According to the Niskanen’s model of slack maximization, the Board will request what budget for the pool?

a. $1,000,000 b. $1,200,000 c. $1,800,000 d. $2,200,000

broadway hotel inc a clendar year corporation purchased land on which to build a small resort in los gatos. the land was purchased on 12-1-10 for 255000. (which included the price of a small shed of the property, 33500, which was torn down in December at a cost of 5000. the company began to build the resort on 12-1-10 paying 852000 to a contractor. further payments to the contractor were on 7-1-11 for 650000 and on 9-1-11 for 710000. on 12-1-11 the resort was ready to be rented out, but the company merely began to advertise the resort and found only a few paying customers to rent it to in 2011. during 2010, the Company had borrowed 3800000 at 8% on 1-1-10 (maturing 2022) specifically for this building project. the company also had a long term bond for 2000000 (liability) on its books from 2006, and due in 2017, which it was paying 9% interest but no other long term liabilities. what is the book value of the land? what is the book value of the building on 12-1-11?

Four firms in an industry are considering forming a cartel. They meet in a smoke-filled hotel room to discuss the terms of the cartel and to weigh their options. Each firm has marginal cost given by MC=20+2q. Demand for the market is given by Q=400-2p.

1. What is the supply for each firm? For all four firms?

2. Suppose the firms compete. What would be the resulting market prices and quantities under competition? How much would each firm produce and what would be their producer surplus?

3. Now suppose that the firms successfully form a cartel. They agree to divide the cartel quantity equally among the four firms. How much will each firm produce under the cartel? What will be the producer surplus of each firm?

4. One of the firms is considering cheating on the cartel agreement. Discuss how the firm could cheat on the cartel agreement and what benefits the firm gets from cheating. [Hint: show with equations or a graph how the firm’s profits would change, assuming that the other three firms stick to the cartel agreement.

Pillar Drycleaners has capacity to clean up to 5000 garments per month.

Requirements

Requirement 1. Complete the following schedule for the three volumes shown. ​(Round all unit costs to the nearest cent and all total costs to the nearest whole​ dollar.)