At the beginning of 2012, Massachusetts Road Construction entered into a contract to build a road for the government. Construction will take 3 years. The following information as of December 31st, 2012 is available for the contract:
|
Total revenue according to contract |
$15,000 |
|
Updated estimated cost in 2013-2014 period |
$7,200,000 |
|
Cost incurred during 2012 |
$4,800,000 |
Assume that the company estimates percentage complete based on costs incurred as a percentage of total estimated costs. Under the Percentage-of-Completion method, how much revenue will be reported in 2012?
$6,000,000
In: Finance
Question 9
At $85 , a firm can sell 4,850 stereo earphones (3.5 mm for android). At this price, elasticity is estimated at 2.6. What is the change in total revenue (+ or -) if the firm drops price by 9%? Round your answer to the nearest dollar.
Question 10 (10 points)
At $177, a firm can sell 18,520 stereo earphones (3.5 mm for android). These are premium earphones, guaranteed for 5 years. At this price, elasticity is estimated at 0.4. What is the change in total revenue (+ or -) if the firm drops price by 11%?
In: Finance
Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2018, year-end trial balance contained the following income statement items:
| Account Title | Debits | Credits |
| Sales Revenue | 12,500,000 | |
| Interest revenue | 50,000 | |
| Loss on sale of investments | 100,000 | |
| Cost of goods sold | 6,200,000 | |
| Selling expenses | 6,20,000 | |
| General & Administrative expenses | 1,520,000 | |
| Interest expense | 40,000 | |
| Research and development expense | 1,200,000 | |
| Income tax expense | 900,000 |
Calculate the company's operating income for the Year
In: Accounting
Jim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demand for these two cameras are as follows (DS = demand for the Sky Eagle, Ps is the selling price of the Sky Eagle, DH is the demand for the Horizon and PH is the selling price of the Horizon):
Ds = 230 - 0.5PS + 0.38PH
DH = 260 + 0.1Ps - 0.62PH
Find the prices that maximize revenue.
If required, round your answers to two decimal places.
Optimal Solution:
-Selling price of the Sky Eagle (Ps):_______
-Selling price of the Horizon (PH):_______
-Revenue:_______
In: Statistics and Probability
1) A Texas oil drilling company has determined that it costs $25,000 to sink a test well. If oil is hit, the revenue for the company will be $500,000. If natural gas is found, the revenue will be $150,000. If the probability of hitting oil is 3% and of hitting gas is 6%, find the expected value of sinking a test well.
2) Assume that for the next heavyweight fight the odds of Mike Tyson winning are 15 to 2. A gambler bets $10 that Mike Tyson will lose. If Mike Tyson loses, how much can the gambler hope to receive?
In: Statistics and Probability
_________ funds are awarded to sponsors through a formula, based upon the number of enplaning passengers and on cargo tonnage for cargo airports.
A __________ is a document that conveys the FAA’s intention to obligate AIP funds to an airport over a multi-year period, provided that Congressional authorization and appropriations are made.
__________ revenue can consist of personal property taxes collected on aircraft ownership and possessory interest taxes for use of government owned lands.
The primary purpose of __________ with the airlines is to grant operating rights and to provide, or attempt to guarantee, a reliable stream of revenue for the airport.
In: Operations Management
1. In an imperfect market, if a firm has market power how do they choose the amount of workers hired?
A. The base the amount on where the market wage equals the firm’s revenue product.
B. The base the amount on where the market wage equals the firm’s marginal cost product.
C. The base the amount on where the market wage equals the firm’s marginal revenue product.
2. Employment will be lower in a(n) ________ competitive industry than in a ________ competitive industry.
A. perfectly; imperfectly
B. imperfectly; normative
C. imperfectly; perfectly
In: Economics
Answer parts (a) and (b) of this question on redistribution in the context of the Tiebout model. Your answers should demonstrate an understanding of the Tiebout model, and describe the appropriate arguments regarding redistribution in both cases.
a. If the Tiebout model perfectly reflects reality, can redistributing funds from high-revenue, high spending communities to low revenue, low spending communities increase social efficiency? Why or why not?
b. If some of the assumptions of the Tiebout model fail to hold in the real world, can such redistribution increase social efficiency? Why or why not?
In: Economics
10-The demand function for a product is given by p=80-0.5Q and the supply function is p=50+0.25Q, where p is the price and Q is the quantity. Suppose that the government impose a tax of $15 on every unit sold.
please show work
In: Economics
Use the companies' financial information to answer the following questions.
a. What were Coca-Cola's and PepsiCo's net revenues (sales) for the year 2017? Which company increased its revenue more (dollars and percentage) from 2016 to 2017?
b. Are the revenue recognition policies of Coca-Cola and PepsiCo similar? Explain.
c. In which foreign countries (geographic areas) did Coca-Cola and PepsiCo experience significant revenues in 2017? Compare the amounts of foreign revenues to U.S. revenues for both Coca-Cola and PepsiCo.
In: Accounting