Q1: Demand in a market is represented by Q = 500 – 50P where P is measured in dollars per unit and Q is measured in units per week. Note: Demand in this question is identical to that in Q1 of Assignment #10.

a) Complete the following table. Find elasticity between $10 and $8, between $8 and $6, between $6 and $4, between $4 and $2, and between $2 and $0. Show elasticity to two decimal places. Do not round your answers too early or your final result will be less accurate.

b) Graph the relationship between the quantity demanded and total revenue using the grid on the next page.

c) Is total revenue positively related, negatively related or unrelated to the price of the product when demand is elastic?

d) Is demand perfectly elastic, elastic, unit elastic, inelastic or perfectly inelastic when total revenue is at its maximum?

Q2: The demand for a product is represented by Q = 210 – 3P. At what price is demand unit elastic? Show clearly how you arrived at your answer.

Lemon Ltd. offers executive training seminars using, in part, recorded lectures of a well-known speaker. The agreement calls for Lemon to pay a royalty for the use of the lectures. The lecturer's agent offers Lemon two options. The first option is revenue-based and Lemon agrees to pay 25 percent of its revenues to the speaker. The second option is a flat rate of $358,800 annually for the use of the lectures in these seminars. The royalty agreement will run one year and the royalty option chosen cannot be changed during the agreement. All other royalty terms are the same.

Lemon charges $1,600 for the seminar and the variable costs for the seminar (excluding any royalty) is $400. Annual fixed costs (excluding any royalties) are $538,200.

Required:

a. What is the annual break-even level assuming:

1. 1. The revenue-based royalty agreement?
2. 2. The flat-rate royalty agreement?

b. At what annual volume would the operating profit be the same regardless of the royalty option chosen?

c. Assume an annual volume of 1,500 seminars. What is the operating leverage assuming:

1. 1. The revenue-based royalty agreement?
2. 2. The flat-rate royalty agreement?

d. Assume an annual volume of 1,500 seminars. What is the margin of safety assuming:

1. 1. The revenue-based royalty agreement?
2. 2. The flat-rate royalty agreement?

The unadjusted trial balance for Sunland Engineering at its year end, December 31, 2017, is as follows: SUNLAND ENGINEERING Trial Balance December 31, 2017 Debit Credit Cash $8,400 Accounts receivable 5,850 Supplies 4,750 Prepaid insurance 7,560 Notes receivable 12,300Equipment 27,400Accumulated depreciation—equipment $8,220 Accounts payable 4,600 H. Duguay, capital 39,440 H. Duguay, drawings 52,500 Service revenue 106,000 Salaries expense 39,500 $158,260 $158,260 Additional information: 1. Revenue of $10,550 was earned but unrecorded and uncollected as at December 31, 2017. 2. On June 1, the company purchased a one-year insurance policy. 3. Depreciation on the equipment for 2017 is $2,740. 4.A count on December 31, 2017, showed $1,800 of supplies on hand. 5.The four-month, 4% note receivable was issued on October 1, 2017. Interest and principal are payable on the maturity date. Make adjusting entries for the year ended December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To accrue revenue earned but not billed or collected)Dec. 31 (To record insurance expired)Dec. 31 (To record depreciation)Dec. 31 (To record supplies used)Dec. 31 (To record accrued interest) Post the adjusting entries. (Post entries in the order of journal entries presented in the previous part.) Accounts Receivable Interest Receivable Prepaid Insurance Supplies Accumulated Depreciation-Equipment Service Revenue Interest Revenue Supplies Expense Depreciation Expense Insurance Expense Make closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue accounts)Dec. 31 (To close expense accounts)Dec. 31 (To close profit to capital)Dec. 31 (To close drawings account)

The following scenario is to be used to complete Case Study 2 – Regression Analysis. Please create your output in Excel, Copy it to Microsoft Word and answer the questions below. Everything should be in one word file. Please copy and paste the excel output created as the last page of the assignment, after the answers to the questions.

The owner of Showtime Movie Theaters, Inc., would like to estimate weekly gross revenue as a function of advertising expenditures. Historical data for a sample of eight weeks follows.

How many independent variables are there?

3 independent variables

List and label each independent variable (x?, x?, etc.)

X1 = Weekly gross revenue

X2= Television Advertising

X3= Newspaper advertising

Develop a simple linear regression equation using ONLY the amount of television as the independent variable. (Include this output)

Develop a simple linear regression equation using ONLY the newspaper advertising as the independent variable. (Include this output)

Develop a multiple regression equation using the amount of television and newspaper advertising as the independent variables. (Include this output)

Answer the following questions based on the multiple regression output ONLY!!

What is the proportion of variation in Weekly Gross Revenue due to television advertising and newspaper advertising?

What is the strength of the linear relationship between the amount of television, newspaper advertising and weekly gross revenue?

List the SSR, SSE, SST, MSR, MSE.

Give the value of F.

What is the p value for this regression model? P = (two decimal places)

Is this model useful? If so, why and if not, why not. If the model is useful, proceed to question 12.

If the model is useful, estimate the weekly gross revenue for a week when $3500 is spent on television advertising and $1800 is spent on newspaper advertising?

Are each of the variables good for the model? List their p values and explain your answer.

Need assistance on answering please

In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2023. Information related to the contract is as follows:

3. Complete the information required below to prepare a partial balance sheet for 2021 and 2022 showing any items related to the contract.
4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information.

5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information.

3.

Complete the information required below to prepare a partial balance sheet for 2021 and 2022 showing any items related to the contract.

4.

Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years using the above information. (Leave no cells blank - be certain to enter "0" wherever required. Loss amounts should be indicated with a minus sign.)

5.

Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years using the above information. (Leave no cells blank - be certain to enter "0" wherever required. Loss amounts should be indicated with a minus sign.)

3. Relationship between tax revenues, deadweight loss, and demandelasticity

The government is considering levying a tax of $100 per unit on suppliers of either leather jackets or smartphones. The supply curve for each of these two goods is identical, as you can see on each of the following graphs. The demand for leather jackets is shown by DLDL (on the first graph), and the demand for smartphones is shown by DSDS (on the second graph).

Suppose the government taxes leather jackets. The following graph shows the annual supply and demand for this good. It also shows the supply curve (S+TaxS+Tax) shifted up by the amount of the proposed tax ($100 per jacket).

On the following graph, use the green rectangle (triangle symbols) to shade the area that represents tax revenue for leather jackets. Then use the black triangle (plus symbols) to shade the area that represents the deadweight loss associated with the tax.

Leather Jackets MarketTax RevenueDeadweight Loss050100150200250300350400450500550600240220200180160140120100806040200PRICE (Dollars per jacket)QUANTITY (Jackets)DLSupplyS+Tax

Instead, suppose the government taxes smartphones. The following graph shows the annual supply and demand for this good, as well as the supply curve shifted up by the amount of the proposed tax ($100 per phone).

On the following graph, do for smartphones the same thing you did previously on the graph for leather jackets. Use the green rectangle (triangle symbols) to shade the area that represents tax revenue for smartphones. Then, use the black triangle (plus symbols) to shade the area that represents the deadweight loss associated with the tax.

Smartphones MarketTax RevenueDeadweight Loss050100150200250300350400450500550600240220200180160140120100806040200PRICE (Dollars per phone)QUANTITY (Phones)DSSupplyS+Tax

Complete the following table with the tax revenue collected and deadweight loss caused by each of the tax proposals.

Suppose the government wants to tax the good that will generate more tax revenue at a lower welfare cost. In this case, it should tax   because, all else held constant, taxing a good with a relatively   elastic demand generates larger tax revenue and smaller deadweight loss.

Terms of a lease agreement and related facts were as follows:

1. The lease asset had a retail cash selling price of $124,000. Its useful life was six years with no residual value (straight-line depreciation).
2. Annual lease payments at the beginning of each year were $25,883, beginning January 1.
3. Lessor’s implicit rate when calculating annual rental payments was 10%.
4. Costs of $2,561 for legal fees for the lease execution were the responsibility of the lessor.

Required:
Prepare the appropriate entries for the lessor to record the lease, the initial payment at its beginning, and at the December 31 fiscal year-end under each of the following three independent assumptions:

1. The lease term is three years and the lessor paid $124,000 to acquire the asset (operating lease).
2. The lease term is six years and the lessor paid $124,000 to acquire the asset (sales-type lease). Also assume that adjusting the lease receivable (net investment) by initial direct costs reduces the effective rate of interest to 9%.
3. The lease term is six years and the lessor paid $97,000 to acquire the asset (sales-type lease).

Required 1

1. 01/01: Record the gross lease revenue received by lessor.

2. 01/01: Record the negotiating costs incurred by lessor.

3. 12/31: Record the lease revenue for lessor.

4. 12/31: Record the cost of the lease to the lessor.

5. 12/31: Record the depreciation for lessor.

Required 2

1. 01/01: Record the beginning of the lease for lessor.

2. 01/01: Record the negotiating costs incurred by lessor.

3. 01/01: Record the gross lease revenue received by lessor.

4. 12/31: Record the interest revenue for lessor.

Required 3

1. 01/01: Record the beginning of the lease for lessor.

2. 01/01: Record the negotiating costs incurred by lessor.

3. 01/01: Record the gross lease revenue received by lessor.

4. 12/31: Record the interest revenue for lessor.

(2 pts) Accrual basis vs. basis – revenue and expense recognition: Suppose Capaldi Corp. provides travel services to customers and noted the following transactions for May 2018:

For each transaction, determine the amount of revenue or (expense), if any, that is recorded under accrual-basis accounting and under cash-basis accounting for May 2018. I have completed transaction a. for you as an example.

(2 pts) Accrual Based Accounting: Prepaid expenses – Depreciation of Fixed Assets. Moving On, Inc. purchases a new moving truck (e.g. ‘equipment’) for $56,000 on October 1^st, 2017. At the time of its purchase, the truck is expected to be used in operations for 4 years and will have no resale or scrap value at the end of its life. Assume Moving On, Inc. uses straight-line depreciation (i.e. the asset depreciates evenly) over the expected life of the truck.

Record the journal entry for the original purchase of the truck that occurs on October 1^st, 2017.

Record the adjusting entry to recognize Depreciation Expense on December 31, 2017.

What will the ending balance of the Accumulated Depreciation account be on December 31, 2018 (Assume the beginning balance of Accumulated Depreciation on January 1^st, 2017 is $0 and Moving On, Inc. has no other assets that depreciate)?

What will the net book value of the truck be on December 31, 2018?

Landcaster Inc. sells its products with a 2-year service-type warranty. On January 1, Year 1, Landcaster sells 60 machines for $2,500 each, on account. Landcaster determines that the machines normally sell for $2,275 each and the service-type warranty could be purchased for $225 per machine. In Year 1, Landcaster pays $5,000 for warranty costs.

Required:

GENERAL JOURNAL

1. Convert the following code shown below to C++ code: