Presented below are the ending balances of accounts for the Kansas Instruments Corporation at December 31, 2021.

Additional Information:

1. The notes receivable, along with any accrued interest, are due on November 22, 2022.
2. The notes payable are due in 2025. Interest is payable annually.
3. The investment in debt securities consist of treasury bills, all of which mature next year.
4. Deferred revenue will be recognized as revenue equally over the next two years.

Required:
Determine the company’s working capital (current assets minus current liabilities) at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)

12.The table below shows cost data for a firm operating in a perfectly competitive market:

What is the firm’s total revenue when four units are produced?

14.If a perfectly competitive firm is earning positive profits, then

15.In the short run, the fixed costs of a firm

16.In the short run, the fixed costs of a firm

Jim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demand for these two cameras are as follows (D_S = demand for the Sky Eagle, P_s is the selling price of the Sky Eagle, D_H is the demand for the Horizon and P_H is the selling price of the Horizon):

D_s = 215 - 0.6 P_s + 0.25 P_H

D_H = 270 + 0.1 P_s - 0.55 P_H

The store wishes to determine the selling price that maximizes revenue for these two products. Select the revenue function for these two models. Choose the correct answer below.

- Select your answer -Option (i)Option (ii)Option (iii)Option (iv)Item 1

Find the prices that maximize revenue.

If required, round your answers to two decimal places.

Optimal Solution:

Selling price of the Sky Eagle (P_s): $

Selling price of the Horizon (P_H): $

Revenue: $

Kramerica Industries has successfully completed production of its “tip calculators” and would like to perform a break-even profit model analysis. The combination of equipment purchase cost and other resource and facility fixed costs total $550,000. Each calculator costs $12 to produce, but will sell for $38.

a.) How many calculators does Kramerica need to sell in order to achieve a volume break-even point?

b.) What is the corresponding revenue break-even point?

c.) How can Kramerica use the volume break-even point value calculated in part (a)? NOTE: The Excel spreadsheet can be very useful for this part as it performs many of these calculations.). In other words:

a.) What types of recommendations would you make to America if the expected number of calculator sales is 22,000 over the next year? (i.e., Are they going to be profitable; if so, by how much?

b.) Is there going to be a loss; if so, how much? If there is a loss, what might you recommend?).

d.) Please sketch a plot of the “Revenues and Costs” versus the “Number of Calculators”, and include both the total revenue and total cost lines, and also the volume and revenue break-even points (you can do this manually). Clearly label the x-axis and y-axis, and indicate the points of Fixed Costs, volume break-even point, and revenue break-even point.

Suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if each is equipped with a shovel, a machete, and a chainsaw. Clearing one acre brings in $1,300 in revenue. Each worker’s equipment costs the worker’s employer $235 per month to rent and each worker toils 40 hours per week for 4 weeks each month. Instructions: In part a, enter your answer as a whole number. In parts b-e, round your answers to 2 decimal places. a. What is the marginal revenue product of hiring one low-skilled worker to clear woodland for one month? How much revenue per hour does each worker bring in? c. If the minimum wage were $8.03, would the revenue per hour in part b exceed the minimum wage? If so, by how much per hour? d. Consider the employer’s total costs. These include the equipment costs as well as a normal profit of $50 per acre. If the firm pays workers the minimum wage of $8.03 per hour, what will the firm’s economic profit or loss be per acre? The firm's per acre will be: e. At what value would the minimum wage have to be set so that the firm would make zero economic profit from employing an additional low-skilled worker to clear woodland?

Question:

(a) Calculate the free cash flow generated by a firm which has earnings before interest and taxes of £30m, has depreciated its fixed assets by £1m, has invested £10m in new fixed assets and £5m in working capital during 2019 when it paid corporate tax at 20%. Explain what you have assumed about the firm’s asset base.

(b) During 2019 the firm in (a) generated revenue of £60m, its cost of goods sold was £20m and its selling, general and administrative costs were £10m. You anticipate that over the next five years revenue will grow at 5% each year, the cost of goods sold will continue to be a fixed percentage of revenue, but due to managerial efficiencies administrative costs will not change. All forms of investment, together with depreciation will have a consistent relationship with revenue. At the end of this five-year period you believe that free cash flow will grow at 2% each year. What is the company worth at the end of 2019, assuming that its weighted average cost of capital is 5%?

(c) How would the company’s weighted average cost of capital and hence value change if it were to issue additional debt in order to repurchase equity?

(d) Explain how you could value this company using multiples, and what assumptions you would have to make.

61. The law that specifically prohibits payments to foreign officials in order to attain business is known as ________.

Group of answer choices

A) FCPA

B )BICPA

C) SOX

D) IFRS

62. The managers of an organization are responsible for performing several broad functions. They are ________.

Group of answer choices

A)planning, controlling, and selling

B)directing, controlling, and evaluating

C)planning, controlling, and evaluating

D)planning, evaluating, and manufacturing

63. The stockholders of a company are:

Group of answer choices

A)the owners

B)responsible and liable for the financial well-being of the company

C)operating within the company as independent shareholders

D)policy setters

78. Variable costs are expenses that ________.

Group of answer choices

A) remain constant on a per-unit basis and remain constant in total regardless of activity level

B) remain constant in total regardless of activity level within a relevant range

C) remain constant on a per-unit basis but change in total based on activity level

D) decrease on a per-unit basis as activity level increases

64 Which of the following represents the components of the income statement for a manufacturing business?

Group of answer choices

A) Service Revenue - Operating Expenses = gross profit

B) Sales Revenue - Cost of Goods Manufactured = gross

C) Sales Revenue - Cost of Goods Sold = gross profit

D) Service Revenue - Cost of Goods Manufactured = gross profit

I) A company bills customers for services rendered on account. Which of the following is part of recording this transaction?

a) Decrese service revenue

b) Decrease cash ; c) Increase account receivable ; d) Increase Unearned revenue

II) Adjusting entries always impact the income statement and the cash account

True or False?

III) Denise's Donuts has 12 Employees who are paid $15 per houir. At December 31, 2016, each of Denise's Donuts's employees had worked 20 hours which had not been paid or recorded. prior to adjustments, the company's trial balance showed $171400 in the wages expenses account. If Denise's Donuts makes the appropriate adjusting entry, how much will be reported on the December 31,2016 income statement as wage expense?

a) $167,800

b) $ 175,000

c) $3,600

d)$173,992

IV) A company provides services to clients during the period that are neither paid for, nor billed ( Invoiced) to the clients. What must the company do?

a) Collect the cash owed from the customer in order to recognize the revenue

b) record the revenues as a liability at the end of the year

c) Accrue revenue by making an adjusting entry at the end of the period

d) All provided answers are true

V) when adjusting for depreciation, which of the following is one effect of the adjustment

a) Accumulated depreciation is decreased

b) The asset's book value declines

c) The cost of the equipment declines

d) The market value of the equipment declines

Your company has estimated its total cost to be TC = 54,000 + 2Q + 0.012Q²; its marginal cost is thus MC = 2 + 0.024Q, where Q is the quantity of units produced and TC is in dollars. Since your market is relatively competitive, your company is able to sell its output for $122.00 each (which thus yields MR = 122 and TR = 122Q).

a.   Produce a chart in Excel showing TC and TR with Q on the horizontal axis. Have Q go from 0 to 10,000 units (each row of your Q column can increase by a relatively large number so that your table isn’t huge). Produce a second chart showing MC and MR with Q again on the horizontal axis.

b.   What is the optimal level of output for your company to produce/sell? What is the marginal revenue from the last unit sold?

c.   What are the total revenue, total cost, and profit (net benefit/net revenue/etc.) from selling the optimal number of units?

d.   An eager intern at your company suggests that, since the company earns $122 revenue for each unit sold, then the company could make still more profit by selling more than the level chosen in part b; why would your company not want to produce and sell more output than the level you chose in part b?

1. A company makes a deferral adjustment that decreased a liability. This must

mean that a(n):

A expense account was decreased by the same amount.

B expense account was increased by the same amount.

C revenue account was increased by the same amount.

D revenue account was decreased by the same amount.

2. When a deferral adjustment is made to an asset account, that asset becomes

a(n):

A liability.

B other asset.

C revenue

D expense.

3. At the end of the year, accrual adjustments could include a:

A debit to an expense and a credit to an asset.

B credit to a revenue and a debit to an expense.

C debit to cash and a credit to Common Stock.

D debit to an expense and a credit to a liability.

4. One major difference between deferral and accrual adjustments is that

A accrual adjustments affect income statement accounts and deferral adjustments affect balance

sheet accounts.

B deferral adjustments increase net income and accrual adjustments decrease net income.

C deferral adjustments are made under the cash basis of accounting and accrual adjustments are

made under the accrual basis of accounting.

D accounts affected by an accrual adjustment always go in the same direction (i.e., both accounts are

increased or both accounts are decreased) and accounts affected by a deferral adjustment always

go in opposite directions (one account is increased and one account is decreased).