Skydiving – jumping out of an airplane with a parachute – is incredibly fun, but also dangerous. The risk of dying in a skydiving accident is actually very small – for this problem, we will assume it is zero. However, there is a substantial risk of other injuries.
There are standard precautions a skydive operator can take – such as using more modern equipment, hiring experienced instructors, and taking extra care in packing the parachutes – to reduce this risk. The cost of running a skydiving business is $150 per customer without these precautions; these precautions cost an additional $100 per customer and reduce the probability of injury from 1 in 100 to 1 in 300. The average skydiving injury does $30,000 worth of harm to the customer.
There are five potential customers, each with one opportunity to skydive; the joy each one would get from skydiving is worth $500, $400, $300, $200, and $100, respectively. (That is, the most enthusiastic customer would get a benefit of $500, the second-most-enthusiastic $400, and so on.)
Suppose there is perfect competitionin the skydiving industry – there are many skydive operators, with identical costs, so the price of skydiving is driven down to marginal cost plus expected liability payments (if any).
For parts (c)-(f), assume that customers correctly perceiveand consider the risk of injury when deciding whether to skydive, and can observe the level of precaution taken by each skydive operator.
For parts (g)-(j), assume instead that customers are unaware of the risk of injury, and completely ignore it when deciding whether or not to skydive – they simply weigh the financial price against the benefit. Continue to assume the skydiving industry is perfectly competitive.
In: Economics
You can use any language. You have to provide all the data, output and input.
You are to use Linked Lists to do this Program.
The XYZ Widget store receives shipments of widgets at various costs. The store’s policy is to charge a 30% markup, and to sell widgets which were received earlier before widgets which were received later. This is called a FIFO policy.
Write a program using linked lists that reads in three types of input data and does the following:
A sales record which contains an “S” in column 1 and a quantity which represents the number of Widgets sold
A receipt record which contains an “R” in column 1 and a quantity and a price which represent the receipt of a quantity of widgets at the stated cost per widget.
A promotion card which contains a “P” in column 1 and a number such as 25 which would represent a 25% discount to the next 2 buying customers (the next 2 sales cards )
The program should
Print a message after each receipt record is read in with the price of the widgets received.
Print a message after each promotion card is read in with the amount of discount the next to customers will be receiving.
After a sales record is read in print a message stating the number sold and the price of each widget and total price of the order. For example if 200 widgets were sold and there were 50 widgets at $1.00 and 100 at $2.00 and 50 at $3.00 print (recall the 30% markup and the FIFO policy)
200 Widgets sold
50 at 1.30 each Sales: $ 65.00
100 at 2.60 each Sales: $ 260.00
50 at 3.90 each Sales: $ 195.00
Total Sale: $ 520.00
If there are an insufficient number of widgets in stock to fill an order sell as many as are available and then print
“ Remainder of xxx Widgets not available”
Do not forget the promotional discount.
At the end of the data before exiting the program print out under a separate heading the widgets still left in stock and their original purchase price.
Data for program
R/S/P # widgets or Price
discount%
R 150 $1.00
R 130 $2.00
S 145
R 50 $2.50
S 75
S 180
R 50 $4.00
R 30 $5.00
R 40 $5.50
P 30%
S 50
S 30
R 50 $6.00
R 265 $10.00
S 60
P 50%
S 100
S 70
S 175
R 40 $14.00
R 75 $15.00
S 110
R 30 $16.00
R 40 $18.00
In: Computer Science
CompUSA Inc. sells computer hardware. It also markets related software and software-support services. The company prepares annual forecasts for sales, of which the first six months of 2019 are given below.
In a typical month, total sales are broken down as follows: cash sales, 30%; VISA® credit card sales, 65%; and 5% open account (the company’s own charge accounts). For budgeting purposes, assume that cash sales plus bank credit card sales are received in the month of sale; bank credit card sales are subject to a 3% processing fee, which is deducted daily at the time of deposit into CompUSA’s cash account with the bank. Cash receipts from collection of accounts receivable typically occur as follows: 20% in the month of sale, 50% in the month following the month of sale, and 27% in the second month following the month of sale. The remaining receivables generally turn out to be uncollectible.
CompUSA’s month-end inventory requirements for computer hardware units are 30% of the following month’s estimated sales. A one-month lead time is required for delivery from the hardware distributor. Thus, orders for computer hardware units are generally placed by CompUSA on the 25th of each month to ensure availability in the store on the first day of the month needed. These units are purchased on credit, under the following terms: n/45, measured from the time the units are delivered to CompUSA. Assume that CompUSA takes the maximum amount of time to pay its invoices. On average, the purchase price for hardware units runs 60% of selling price.
| CompUSA Inc. Forecasted Sales (units and dollars) January–June 2019 |
|||||||||||||||
| Number of Units |
Hardware Sales |
Software/ Support Sales |
Total Revenue |
||||||||||||
| January | 120 | $ | 360,000 | $ | 140,000 | $ | 500,000 | ||||||||
| February | 130 | 390,000 | 160,000 | 550,000 | |||||||||||
| March | 90 | 270,000 | 130,000 | 400,000 | |||||||||||
| April | 100 | 300,000 | 125,000 | 425,000 | |||||||||||
| May | 110 | 330,000 | 150,000 | 480,000 | |||||||||||
| June | 120 | 360,000 | 140,000 | 500,000 | |||||||||||
| Totals | 670 | $ | 2,010,000 | $ | 845,000 | $ | 2,855,000 | ||||||||
Required:
1. Calculate estimated cash receipts for April 2019.
2. The company is looking at the number of hardware units to order on January 25.
a. Determine the estimated number of units to be ordered.
b. Calculate the dollar cost (per unit and total) for these units.
3. Cash planning in this line of business is critical to success. Management feels that the assumption of selling price per unit ($3,000) is firm—at least for the foreseeable future. Also, it is comfortable with the 30% rate for end-of-month inventories. It is not so sure, however, about (a) the Cost of Goods Sold (CGS) rate (because of the state of flux in the supplier market) and (b) the level of predicted sales in March 2019. Discussions with marketing and purchasing suggest that three outcomes are possible for each of these two variables, as follows:
| Outcome | March Sales | CGS% | ||
| Optimistic | 100 | units | 55 | % |
| Expected | 90 | units | 60 | |
| Pessimistic | 80 | units | 65 | |
The preceding outcomes are assumed to be independent, which means that there are nine possible combinations (3 × 3). You are asked to conduct a sensitivity analysis to determine the range of possible cash outflows for April 10, under different combinations of the above. Assume, for simplicity, that sales volume for April is fixed. Complete the following table:
In: Accounting
"Consider the following bond: Coupon rate = 11% Maturity = 18 years Par value = $1,000 First par call in 13 years Only put date in five years and putable at par value Suppose that the market price for this bond is $1,169.
Show that the yield to maturity for this bond is 9.077%.
Show that the yield to first par call is 8.793%.
Show that the yield to put is 6.942%.
Suppose that the call schedule for this bond is as follows: Can be called in eight years at $1,055 Can be called in 13 years at $1,000
And suppose this bond can only be put in five years and assume that the yield to first par call is 8.535%. What is the yield to worst for this bond?"
In: Finance
Case #5: DJ John and his business of "Music on Wheels"
John has started his second year of the BAS at York University.
John was not interested in working for others so he decided to
start his own business with what is his passion: be a DJ in
parties. A family friend that works as a lending officer in one of
Canada's largest banks explained to him how the business plan has
to be presented so he can get some financing.
On January 1st 2017 John decided to set up a company to formalize
his DJ services he has been providing during last year on an
informal and sporadic basis. On January 3rd he submitted the
business plan to the bank asking for a start up loan of $25,000. On
January 5th John sets up his company: Music on Wheels Ltd with a
capital of 30,000 shares valued at $1 each. A lawyer produced all
the needed paperwork.
On January 6th John opens a bank account under the name of Music on
Wheels and on January 7th John transfers ownership of his van to
the company. The van has a fair market value of $5,000 and is
estimated to last for 50 months and then discarded. On the same day
John signs the insurance contract for the van and the music
equipment that is about to purchase. The insurance premium for the
van is $2,400 per year and for the equipment is $1,200 per
year.
On January 10th John deposited $15,000 of his personal savings in
the newly opened chequing account of his company. On the same day
the bank loan is approved and $25,000 is deposited in the bank
account.
The following is a list of transactions that occurred during the
first month of operations of "Music on Wheels":
January 11th Completed the purchase of upgraded music equipment for
$18,000; also $700 worth of music files were purchased from the
same shop. 50% was paid in cash, the other 50% will be paid in 30
days. The music equipment will be used during 24 months with no
resale value at the end, while the music files are expensed
immediately as music hits have a short life.
January 12th Great start of business being the DJ of a fundraising
event of a large international charity. Got a cheque of $1,000 for
his services and $2,000 in account to be collected on Jan
31st.
January 14th Paid a local radio $3,000 for 90 days of advertising
starting on January 15th.
January 19th Provided the music for two small events. One promised
to pay the $300 of Feb 7th, while the other will pay the $300 by
the end of January.
January 20th Hired a car painter to freshen up the look of the van
he uses to transport the equipment (this will not change the value
or the useful life of the van). The work is completed in 2 days
(Jan 21st and 22nd). John paid $200 on January 20th and promised to
pay the rest ($700) on Feb 20th.
January 20th Provided services in an afternoon event at a local
church. John collected $200 for all his services.
January 20th Paid $600 of insurance for the months of January and
February ($300 for each month).
January 23rd Paid for gasoline on the van for $80. Also did an oil
change and changed the wipes for a total of $100 that included
labour and tax.
January 24th Ordered 200 personal cards and 100 brochures. Total
cost $300.
January 26th One big event was serviced. The bill of $2,000 was
paid 50% before the beginning of the event and the rest in 30
days.
January 27th Small event was serviced collecting $300 in cash for
all fees at the end of the event.
January 28th Purchased in account music files with the last hits
for $90.
January 29th Received the bill from the lawyer that helped him to
set up the company for $1,800 payable by February 15th.
January 30th Received a deposit of $1,000 for servicing a wedding
in March. The bride wanted to reserve the date and make sure her
party will be the only one that night for Music on Wheels.
January 30th Collected the cards and brochures and paid the total.
In two days, Jan 30th and 31st, he has distributed 50 personal
cards and 25 brochures.
January 31st Collected $2,000 from the event on January 12th and
got a phone call indicating the $300 owed for the January 19th
event will be paid sometime in February.
Additional information
January 31st The online bank statement for the month of January
shows bank fees of $30.
January 31st The phone bill for $80 was received for the month of
January - payment due February 8th.
January 31st If possible pay dividends to himself of $0.10 per
share.
Prepare "T" Accounts in ACCRUAL and CASH basis for this case using
the following chart of accounts, when relevant, prepare the Income
statement, Statement of Retained Earnings and Balance Sheet and
then answer the questions.
-
Question 9:
What is the balance of Advertising Expense shown in the Income Statement for the period ended on January 31? Use accrual accounting.
less than $100
between $501 and $800
between $201 and $500
between $100 and $200
more than $800
-
Question10:
What is the balance of Phone Payable shown in the Balance Sheet as of January 31? Use accrual accounting.
between $101 and $250
between $10 and $100
more than $300
between $251 and $300
less than $10
-
Question11:
What is the balance of Office Supplies Expense shown in the Income Statement for the period ended on January 31? Use accrual accounting.
less than $10
more than $300
between $101 and $250
between $251 and $300
between $10 and $100
-
Question12:
What was the total value of depreciation (van and equipment) for the month of January? Use cash accounting.
$0
between $201 and $500
between $501 and $800
between $1 and $200
more than $800
In: Accounting
MC Qu. 132 On November 12, Higgins...
On November 12, Higgins, Inc., a U.S. Company, sold merchandise on credit to Kagome of Japan at a price of 1,670,000 yen. The exchange rate was $.00854 per yen on the date of sale. On December 31, when Higgins prepared its financial statements, the exchange rate was $.00860. Kagome paid in full on January 12, when the exchange rate was $.00878. On December 31, Higgins should prepare the following journal entry:
Multiple Choice
-Debit Foreign Exchange Loss $100; Accounts Receivable-Kagome $100.
-Debit Foreign Exchange Loss $100; credit Sales $100.
-Debit Sales $100; credit Foreign Exchange Gain $100.
-Debit Accounts Receivable-Kagome $100; credit Foreign Exchange Gain $100.
-No journal entry is required until the amount is collected.
MC Qu. 119 MotorCity, Inc. purchased...
MotorCity, Inc. purchased 59,000 shares of Shaw common stock for $270,000. This represents 40% of the outstanding stock. The entry to record the transaction includes a:
Multiple Choice
-Debit to Long-Term Investments for $4,968,000.
-Credit to Long-Term Investments for $4,968,000.
-Debit to Long-Term Investments for $270,000.
-Debit to Short-Term Investment-AFS for $270,000.
-Debit to Long-Term Investments-HTM for $270,000.
MC Qu. 123 Marjam Company owns...
Marjam Company owns 51,600 shares of MacKenzie Company's 120,000 outstanding shares of common stock. MacKenzie Company pays $120,000 in total cash dividends to its shareholders. Marjam's entry to record this transaction should include a:
Multiple Choice
-Debit to Interest Revenue for $14,190.
-Credit to Long-Term Investments for $33,000.
-Credit to Long-Term investments for $51,600.
-Credit to Dividend Revenue for $33,000.
-Debit to Dividend Revenue for $14,190.
In: Accounting
Econ 1 Price Index (E1PI)
|
Item |
Quantity in Basket |
2011 Price |
2012 Price |
2013 Price |
|
Cartoon Book |
1 |
$10 |
$12 |
$12 |
|
Blue Book |
5 |
$0.25 |
$0.50 |
$1.00 |
|
Scantron |
5 |
$0.10 |
$0.15 |
$0.25 |
|
Calculator |
1 |
$4 |
$5 |
$6 |
The table above shows the market basket for an Econ 1 student. Use this data to calculate the E1PI
Suppose the base year is 2011. What is the value of the price index in 2011?
Suppose the base year is 2011. What is the value of the price index in 2012?
Suppose the base year is 2011. What is the value of the price index in 2013?
What is the rate of inflation from 2012 to 2013?
Suppose a student’s wage is $8 per hour in 2011 and $9 per hour in 2013. In which year is this student earning more in real terms?
Equilibrium occurs where supply and demand meet. Why? (Explain what happens when price is set above equilibrium and when price is set below equilibrium.)
The most important factor in determining the quantity demanded or quantity supplied is …..? (Think about the model. What are the variables on the graph?)
Pepperoni is an input in making pizza. What happens to price and quantity in the pizza market when the price of pepperoni increases? Suppose that beer and pizza are complements. What happens in the beer market when the price of pepperoni increases?
In: Economics
|
Alcoa |
|||
|
High price |
Low price |
||
|
Kaiser |
High price |
A $400, $500 |
B $175, $575 |
|
Low price |
C $525, $200 |
D $273, $250 |
|
|
Payoffs in millions of dollars of profits per month. |
|||
Alcoa and Kaiser, duopolists in the market for primary aluminum ingot, choose prices of their 500 foot rolls of sheet aluminum on the first day of the month. The following payoff table shows their monthly payoffs resulting from the pricing decisions they can make.
In: Economics
Chapter 7 - problem 18
Activity cost Pool Activity Measure Total Activity
Removing asbestos ………………. Thousands of square feet 800 thousand square feet
Equipment and job steps…………. Number of jobs 500 jobs
Working on nonroutine jobs………. Number of jobs nonroutine jobs 100 nonroutine jobs
Other organization-sustaining costs and idle capacity costs …………… None
Note The 100 nonrountine jobs are included in the total of 500 jobs. Both nonroutine jobs and routine jobs require estimating and steps.
Cots for the Year
Wages and salaries ……………………………………………… $300,000
Disposal fees ……………………………………………………… 700,000
Equipment depreciation …………………………………………. 90,000
One-site suppliers ………………………………………………… 50,000
Office expenses …………………………………………………… 200,000
License and insurance ……………………………………………. 400,000
Total cost …………………………………………………………… 51,740,000
Distribution of Resource Consumption across Activities
Estimating Working on
Removing and job steps Nonroutine jobs
Asbestos other Total
Wages and salaries 50% 10% 30% 10% 100%
Disposal fees 60% 0% 40% 0% 100%
Equipment depreciation 40% 5% 20% 35% 100%
One-site suppliers 60% 30% 10% 0% 100%
Office expenses 10% 35% 25% 30% 100%
License and insurance 30% 0% 50% 20% 100%
Require
In: Accounting
IN C ++ PLEASE CODE FOR BUBBLE SORT---Add code to sort the bowlers. You have to sort their parallel data also. Print the sorted bowlers and all their info .
You can use a bubble sort or a shell sort. Make sure to adjust your code depending on whether or not you put data starting in row zero or row one.
Sort by Average across, lowest to highest. The highest average should then be on the last row..
When you sort the average, you also have to move the names and scores, this is the reason you can't use a built-in sort.
Names score1 score2 score3 average score
---------------------------------------------------------------------------
Linus too good 100 23 210 111.00
Charlie brown 1 2 12 5.00
Snoopy 300 300 100 233.33
Peperment Patty 223 300 221 248.00
Pig Pen 234 123 212 189.67
Red Headed Girl 123 222 111 152.00
Marcey 1 2 3 2.00
keith hallmark 222 300 180 234.00
anna hallmark 222 111 211 181.33
roxie hallmark 100 100 2 67.33
Average for first score: 152.60
Average for second score: 148.30
Average for third score: 126.20
248.0 was bowled by Peperment Patty
2.0 was bowled by Marcey
....FINAL TABLE SHOULD LOOK LIKE THIS ....
-After sort-
Names score1 score2 score3 average score
---------------------------------------------------------------------------
Marcey 1 2 3 2.00
Charlie brown 1 2 12 5.00
roxie hallmark 100 100 2 67.33
Linus too good 100 23 210 111.00
Red Headed Girl 123 222 111 152.00
anna hallmark 222 111 211 181.33
Pig Pen 234 123 212 189.67
Snoopy 300 300 100 233.33
keith hallmark 222 300 180 234.00
Peperment Patty 223 300 221 248.00
In: Computer Science