Sundin Inc. ("The Company") is a manufacturer of hockey sticks in Sweden. This year is a very important year for the company, as they are considering going public in the near future. Management wants to do some scenario planning and see what the financial results would look like under different production levels.

The Company has budgeted these costs for one hockey stick (1 Unit).

Fixed overhead for The Company will be $14,000 this year

Required: Prepare a flexible budget, for the year, for the production of 3,500 and 4,000 units. Using this flexible budget, answer the following questions:

Question 26 options:

What is the total cost to The Company, excluding fixed overhead, for the production of 3,500 units?

Question 27 options:

What is the total cost per unit for the production of 3,500 units?

Question 28 options:

What is the total cost to The Company, excluding fixed overhead, for the production of 4,000 units?

Question 29 options:

What is the total cost per unit for the production of 4,000 units?

Question 30 options:

Which of the following is true regarding a flexible budget?

Question 31 options:

Using the flexible budget, what costs are included in calculating the total cost of production?

In May of 2019, Elon Musk’s Space X project launched Starlink telecommunication satellites. The initial launch included 60 satellites out of a potential 1200 satellites to orbit the earth in pursuit of providing a world-wide ultra-fast internet product. Astronomers, however, are not so pleased with this new project. In fact, the American Astronomical Society (AAS) issued a statement of concern that these satellite constellations will create “the potential for substantial adverse impacts to ground- and space-based astronomy. These impacts could include significant disruption of optical and near-infrared observations by direct detection of satellites in reflected and emitted light; contamination of radio astronomical observations by electromagnetic radiation in satellite communication bands; and collision with space-based observatories.” Suppose now that Elon Musk has two ways of dealing with the problem of his satellites interfering with the observatories: 1) to limit the number of his satellites to 100 which would cost him (in reduced profits) $5B, or 2) to shut down the project entirely for a total cost of $20B. The AAS, on the other hand, has two ways of dealing with this problem: 1) to raise funding to increase the number of their satellites, which would cost a total of $8B, or 2) to shut down all astronomical observatories, which would cost a total of $40B (when accounting for the value of the positive externality created by the research). Suppose now that there are no courts or third-party arbitrators to resolve this dispute; and, further, that Elon Musk places a value on his public image and reputation in the amount of $15B, which he loses if the conflict continues with the AAS. Suppose that you were hired to consult Musk on this issue. Using transaction cost analysis, what contractual agreement (if any) do you think would result in this case? (5 points) What might you advise him to ultimately do and why? (5 points)

1. Create a new “Area” project.
   1. Create a new Visual Studio Project and call it “Area”.
   2. This project will be used to calculate the area of certain figures, like circles, squares and rectangles.
   3. So add a title to the Form. The Form Title should say “Area”. Also add 3 labels, 3 Buttons, 3 Textboxes and 3 RadioButtons. The 3 Buttons should be near the bottom of the Form and say “Calc Area”, “Clear” and “Exit”. Make sure to give all your components names that make sense, like we did in the “GoTeam” project. The Labels and Textboxes should be near the top towards the right side. The labels should say “Radius”, “Width” and “Area” and the 3 Textboxes should be empty. And the 3 RadioButtons should be in the middle near the left side. They should read “Circle”, “Square” and “Rectangle”.
   4. Add all these components and run this project. Use the Properties window to change any colors or Fonts that you would like.

Assign 2: Add to the “Area” project from Lab #1.  

1. When the user selects the “Circle” radio button….make sure the top Label says “Radius:” and only one textbox is visible.
2. Then when the user clicks on the “Calculate” button…..calculate the area of a circle and display it in the “Area” textbox.   
3. When the user selects the “Square” radio button…. make sure the top Label says “Side:” and only one textbox is visible.
4. Then when the user clicks on the “Calculate” button…..calculate the area of a square and display it in the “Area” textbox.
5. When the user selects the “Rectangle” radio button…. make sure the top Label says “Height:” and the bottom Label say “Width:”. and only one textbox is visible.
6. Then when the user clicks on the “Calculate” button…..calculate the area of a rectangle and display it in the “Area” textbox.
7. Add an “Exit” button to this project. Make the exit button work.

Add a “Clear” button to this project. Also make the Clear button work, clear should clear all textbaoxes

1. An increase in revenue always:
   1. increases stockholders' equity.
   2. increases assets.
   3. decreases stockholders' equity.
   4. decreases assets.

2. Which of the following journal entries would decrease stockholders' equity?
   1. Debit Prepaid Insurance and credit Cash.
   2. Debit Deferred Revenue and credit Service Revenue.
   3. Debit Supplies and credit Accounts Payable.
   4. Debit Insurance Expense and credit Cash.

3. In April, the Surf and Sand Hotel books and accepts a cash payment for $25,600 for vacation services to be provided during in July. The journal entry recorded in April will include a debit to:
   1. Cash and a credit to Deferred Revenue.
   2. Accounts Payable and a credit to Service Revenue.
   3. Accounts Receivable and a credit to Service Revenue.
   4. Prepaid Expenses and a credit to Service Revenue.

discuss at least one pro and con of putting a price on a specific environmental good of your choosing. Using a specific resource or environmental amenity, discuss:

• What characteristics of the good restrict market valuation?
• In what instances would we want to put a price on the good?
• In what cases can a price actually harm the resource in question rather than help it?
• What estimation techniques did the researchers use in this National Park study and is this tool the best tool for estimating the value of your chosen amenity? Why or why not?
• In your response to a classmate's post, offer an alternative valuation method and briefly explain why it would be an acceptable tool for the amenity discussed.

200-400 Words

A New York City daily newspaper called "Manhattan Today" charges an annual subscription fee of $108. Customers prepay their subscriptions and receive 270 issues over the year. To attract more subscribers, the company offered new subscribers the ability to pay $110 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through Central Park in a horse-drawn carriage. The list price of a carriage ride is $100 per hour. The company estimates that approximately 30% of the coupons will be redeemed.

Required:

Prepare the journal entry to recognize the sale of 10 new subscriptions, clearly identifying the revenue or unearned revenue associated with each performance obligation.

Define economics. explain briefly how the economic way of thinking-interms of rational, self interested people responding to incentives- relates to each of the following situations.

a. A student deciding whether to purchase a textbook for a particular class.

b. Government officials seeking more funding for mass transit through higher taxes.

c. A muncipality taxing hotel guests to obtain funding for a new sports stadium.

1-2. Some people claim the "economic way of thinking" does not apply to issues such as health care. Explain how economics does apply to both a low-income household and a middle-income household? Can the same phrase be applied to very high-income household?

Consider the following situations and determine whether they exhibit simultaneous consumption, network effects, x-inefficiency or rent-seeking behavior. Assume the businesses referenced function as monopolies.

(a) A pharmaceutical company discovers a vaccine for the common cold. The company puts a significant effort into tests to get it FDA-approved and into hiring lawyers to obtain a patent.

(b) An Internet service provider adds thousands of new customers.

(c) The head of a family-owned, major hotel chain decides to hire his wild, socialite niece to work as an executive of the company after her reality TV career ends.

(d) An online profile company helps college and high school students from across the country to connect with each other.

2. Given a 28-acre watershed with the following land use mix: 8 acres of SFR (38% impervious) on HSG-B soils, 5 acres of SFR (30% impervious) on HSG-C soils, and 15 acres of open space (park and playground) in fair condition on HSG-C soils. Watershed time of concentration is 21 minutes. The design return period 24-hour rainfall depth is 5.25 inches.

1. The runoff-weighted average curve number (CN) =                             
2. The area-weighted unit hydrograph peak rate factor (PRF) =                                                                 

c)    The runoff volume from a rainfall of 3.25 inches (watershed inches) =                             

d)   The runoff volume from a rainfall of 0.47 inches (watershed inches) =