a. If price of Food increases, show the IE and SE on a separate diagram if F is a normal good.
b. If price of Food increases, show the IE and SE on a separate diagram if F is an inferior good.
c. If price of Food increases, show the IE and SE on a separate diagram if F is a Giffen good.
d. If price of Food decreases, show the IE and SE on a separate diagram if F is a normal good.
e. If price of Food decreases, show the IE and SE on a separate diagram if F is an inferior good.
f. If price of Food decreases, show the IE and SE on a separate diagram if F is a Giffen good.
2. Suppose two goods X and Y are perfect complements. (2 points for each part)
a. If price of X increases, show the IE and SE.
b. If price of X decreases, show the IE and SE.
c. Is X a normal good, inferior good, or Giffen good. Why? What about Y?
3. (Bonus) Suppose two goods X and Y are perfect substitutes. You have $100 to spend between these two goods. The price of X is $1 and the price of Y is $1. The MRSx,y=2.
(2 points for each part)
a. Show the BL1 and IC (label this U1) on a diagram. How much X and Y do you consume to maximize your utility? Label this point A.
b. Using the same diagram, show the IE and SE if price of X is $1.5.
c. Using the same diagram, show the IE and SE if price of X is $3.
In: Economics
DFC Post Work (SOAP Notes)
Background
Today you are meeting with Laura, a 34 year old woman who is 30 weeks pregnant. Laura has had one previous pregnancy that resulted in the birth of a 4400 g healthy baby, Sarah, who is now 16 months old. Laura is married, and her husband, David, is with her at this visit. David works full time as a Physician Assistant, but the practice that he works for has recently been purchased by a health plan and he is unsure about his job's future right now. Laura works half time as a legal secretary.
Laura and David carefully planned for their first pregnancy. They were married several years ago, but waited to have their first child until they were financially secure enough that Laura could work part time after the baby came. They both made a point of making healthy food choices and avoiding alcohol when they were trying to conceive their first child. They attended both a preconception health education class and a prepared childbirth class.
Sarah proved to be a challenging baby. She is only now beginning to sleep through the night. She had "colic" symptoms until she was almost 6 months old. Laura and David felt strongly about breastfeeding, and had been to classes and read books about breastfeeding. However, they encountered some difficulties with breastfeeding for the first few weeks. These included sore nipples, a breast infection, and a perceived lack of an adequate milk supply. When Laura went back to work 3 months post partum Sarah eagerly took bottles of formula while her mother was at work. Despite Laura's plan to maintain exclusive breastfeeding and pumping of breastmilk for several months, Sarah was soon just nursing a couple of times a day, and stopped nursing altogether 2 to 3 weeks after Laura discovered that she was pregnant again.
Laura and David had wanted another child at some point, but this current pregnancy was not intended. Although they have accepted the pregnancy, they state that they have concerns about the effect that a new baby will have on Sarah, their marriage, and their finances.
Laura and David have good health insurance coverage, but Laura has only been seen 4 times for prenatal care for this pregnancy.
Anthropometric Data
Laura's prepregnancy weight with this pregnancy was 175 #. She is 61 " tall. She gained 55 pounds in her first pregnancy, and lost 20 of those pounds before she became pregnant again. Today her weight is 200#.
Health History
Laura's health history is unremarkable. Her blood pressure today is within normal limits. She denies use of drugs, tobacco.
Laura states that she does not like to exercise. She joined a health club a few years ago, but stopped going after about 6 weeks because she felt out of place and she thought that it was boring. She started a walking program after her first pregnancy with another new mother from her mom’s group, but her friend moved away and Laura doesn’t like to walk alone.
At the beginning of both of her pregnancies Laura experienced considerable nausea and occasional vomiting as well as overwhelming fatigue. Today Laura complains of the onset of several pregnancy discomforts that also bothered her toward the end of her first pregnancy. These include heartburn, intermittent diarrhea and constipation, fatigue, and edema in her ankles.
Laboratory Values
Last week Laura had a 50 gram oral glucose screen. Results at one hour were 120 mg/100 ml. Laura's hematocrit today is 31%.
Supplements
Laura is intermittently taking a standard prenatal vitamin and mineral supplement that contains 30 mg per day of elemental iron. She feels that this supplement has contributed to some of her pregnancy related discomforts. David has recently been to a continuing education conference on nutrition and reproductive health. There were several vendors of nutritional supplements who displayed products at the conference. He is asking your advice today about fish oil, zinc, and calcium supplements in pregnancy.
Answers the following Assessment and plan for patient
a. Synthesis of subjective and objective?
b. Not a medical diagnosis, but discusses problems or issues to be addressed?
c. Risks – injury, fall, infection?
d. Nurse concerns – anxious, depressed, s/s of infection?
e. Interventions
f. Education
g. Consults needed
In: Biology
I wrote this code and just realized I need to put it into at least 6 different functions and I don't know how. No specific ones but recommended is: Read Data, Calculate Installation Price, Calculate Subtotal, Calculate Total, Print -> 1) Print Measurements & 2) Print Charges. Can somebody help?
#include <stdio.h>
// Function Declarations
int length, width, area, discount;
int main ()
{
// Local Declarations
double price, cost, charge, laborCharge, installed, amtDiscount,
subtotal, amtTax, total;
const double tax = 8.5;
const double labor = .35;
printf("Enter length in feet: ");
scanf("%d", &length);
printf("Enter width in feet: ");
scanf("%d", &width);
printf("Enter the percentage discount: ");
scanf("%d", &discount);
printf("Enter carpet price per foot: ");
scanf("%lf", &price);
area = length * width;
charge = price * area;
laborCharge = labor * area;
installed = charge + laborCharge;
amtDiscount = installed * (discount / 100.);
subtotal = installed - amtDiscount;
amtTax = tax / 100. * subtotal;
total = subtotal + amtTax;
printf("\n\t\tMEASUREMENT\n\n");
printf("Length \t%4d feet\n", length);
printf("Width \t%4d feet\n", width);
printf("Area \t%4d sq. ft\n", area);
printf("\n\t\tCHARGES\n\n");
printf("DESCRIPTION COST/SQ.FT. CHARGE/ROOM\n");
printf("----------- ----------- -----------\n");
printf("Carpet %5.2f $%7.2f\n", price, charge);
printf("Labor %.2f $%7.2f\n", labor, laborCharge);
printf("\t\t\t-----------\n");
printf("INSTALLED PRICE \t$%7.2f\n", installed);
printf("Discount %2d%% \t\t$%7.2f\n", discount, amtDiscount);
printf("\t\t\t-----------\n");
printf("SUBTOTAL \t\t$%7.2f\n", subtotal);
printf("Tax \t\t\t$%7.2f\n", amtTax);
printf("TOTAL \t\t\t$%7.2f\n", total);
return 0;
}
In: Computer Science
Sheffield Corporation was organized on January 1, 2020. It is authorized to issue 11,000 shares of 8%, $100 par value preferred stock, and 520,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year.
| Jan. | 10 | Issued 75,500 shares of common stock for cash at $6 per share. | |
| Mar. | 1 | Issued 5,500 shares of preferred stock for cash at $110 per share. | |
| Apr. | 1 | Issued 22,500 shares of common stock for land. The asking price of the land was $85,500. The fair value of the land was $80,000. | |
| May | 1 | Issued 81,500 shares of common stock for cash at $4.25 per share. | |
| Aug. | 1 | Issued 11,500 shares of common stock to attorneys in payment of their bill of $39,500 for services performed in helping the company organize. | |
| Sept. | 1 | Issued 12,000 shares of common stock for cash at $6 per share. | |
| Nov. | 1 |
Issued 2,000 shares of preferred stock for cash at $110 per share. |
a) Journalize the transactions
b) Post to the stockholders’ equity accounts.
c) Prepare the paid-in capital section of stockholders’ equity at December 31, 2020.
In: Accounting
Bridgeport Corporation was organized on January 1, 2020. It is
authorized to issue 14,500 shares of 8%, $100 par value preferred
stock, and 464,000 shares of no-par common stock with a stated
value of $3 per share. The following stock transactions were
completed during the first year.
| Jan. | 10 | Issued 81,500 shares of common stock for cash at $6 per share. | |
| Mar. | 1 | Issued 4,300 shares of preferred stock for cash at $110 per share. | |
| Apr. | 1 | Issued 22,500 shares of common stock for land. The asking price of the land was $87,000. The fair value of the land was $83,500. | |
| May | 1 | Issued 85,000 shares of common stock for cash at $4.25 per share. | |
| Aug. | 1 | Issued 12,000 shares of common stock to attorneys in payment of their bill of $40,500 for services performed in helping the company organize. | |
| Sept. | 1 | Issued 12,000 shares of common stock for cash at $6 per share. | |
| Nov. | 1 | Issued 2,500 shares of preferred stock for cash at $114 per share. |
1- Journalize the transactions.
2-Post to the stockholders’ equity accounts.
3-Prepare the paid-in capital section of stockholders’ equity at December 31, 2020.
In: Accounting
The Pig Case
Suppose that there was a one person butcher shop where each day, for $300, the butcher could buy an identical pig weighing 200 pounds. Each 200 pound pig can be cut into the following five products: Selling Price per pound Weight (a) Pork Chops $ 4.00 30 pounds (b) Ham 3.00 50 pounds (c) Bacon 1.60 100 pounds (d) Pig's Feet 1.00 15 pounds (e) Hide 10.00 5 pounds 200 pounds
Required: 1. Compute the financial accounting gross profit for the butcher shop for the first day, assuming everything is sold.
2. Allocate the cost of the pig to each of the five products based on their relative weights (e.g., 30/200 to pork chops). Compute the gross profit for each of the five products.
3. Repeat requirement #2 for day #2. If any of the products had a negative gross profit in the previous day, throw out that product immediately. Sell only the remaining products. Allocate the pig's cost to the remaining products based on the relative weights of those products.
4. Repeat requirement #3 for days 3 through 6.
5. Explain what is going on.
In: Accounting
DeLong Corporation was organized on January 1, 2017. It is
authorized to issue 14,000 shares of 8%, $100 par value preferred
stock, and 514,000 shares of no-par common stock with a stated
value of $2 per share. The following stock transactions were
completed during the first year.
| Jan. | 10 | Issued 78,000 shares of common stock for cash at $4 per share. | |
| Mar. | 1 | Issued 5,300 shares of preferred stock for cash at $110 per share. | |
| Apr. | 1 | Issued 23,500 shares of common stock for land. The asking price of the land was $86,000. The fair value of the land was $88,000. | |
| May | 1 | Issued 83,000 shares of common stock for cash at $4.75 per share. | |
| Aug. | 1 | Issued 11,500 shares of common stock to attorneys in payment of their bill of $43,000 for services performed in helping the company organize. | |
| Sept. | 1 | Issued 11,000 shares of common stock for cash at $5 per share. | |
| Nov. | 1 | Issued 1,000 shares of preferred stock for cash at $111 per share |
Journalize the transactions.
Post to the stockholders’ equity accounts.
Prepare the paid-in capital section of stockholders’ equity at December 31, 2017.
In: Accounting
On May 1, 2020, Spencer Industries purchased the machine for use in its production process. The cash price of this machine was $35,000, sales tax $2,200, insurance during shipping $80, shipping costs $150, installation and testing costs $70, and $100 of oil and lubricants to be used with the machinery during its first year of operations.
Instructions:
1. Prepare the journal entry to record its purchase on May 1, 2020.
2. Compute depreciation on December 31, 2020 under the methods bellow:
A. The straight-line method of depreciation, estimates the useful life of the machine is 4 years with a $5,000 residual value remaining at the end of that time period.
B. The declining-balance method, estimates the useful life of the machine is 4 years with a $5,000 residual value remaining at the end of that time period. The rate used is twice the straight-line rate.
C. The units-of-activity method, estimates that the useful life of the machine is 125,000 units. Actual usage is as follows: 2020, 28,000 units; 2021, 37,000 units; 2022, 42,000 units; and 2023, 18,000 units.
3. The adjusting entry to record annual depreciation using straight-line method on December 31, 2020.
In: Accounting
|
Movies |
Books |
||||||
|
No. /month |
TU |
MU |
MU/$ |
No. /month |
TU |
MU |
MU/$ |
|
0 |
0 |
------- |
---------- |
0 |
0 |
--------- |
----------- |
|
1 |
22 |
1 |
50 |
||||
|
2 |
42 |
2 |
80 |
||||
|
3 |
52 |
3 |
100 |
||||
|
4 |
57 |
4 |
110 |
||||
|
5 |
60 |
5 |
116 |
||||
|
6 |
62 |
6 |
121 |
||||
|
7 |
63 |
7 |
123 |
||||
A. Fill the missing figures for marginal utility and marginal utility /$ for both movies and books.
B. Are these preferences consistent with the law of diminishing marginal utility? Why or why not?
Answer : Yes / No
Reason:……………………………………………………………………………………………………………………………………
………………………………………………………………………………………………………………………………………………..
C. Given Tom’s income ($190), what combination of books and movies will maximize Tom’s utility during a month?
|
Order of choice |
Choice |
Price |
Total cost |
|
First Choice |
|||
|
Second Choice |
|||
|
Third Choice |
|||
|
Forth Choice |
|||
|
Fifth Choice |
|||
|
Sixth Choice |
|||
|
Seventh Choice |
|||
|
Eighth Choice |
|||
|
Ninth Choice |
|||
|
Tenth Choice |
|||
|
Eleventh Choice |
Number of movies Tom will see in a month :………………… …………………
Number of books Tom will buy in a month :………………… …………………
In: Economics
Peyton Smith enjoys listening to all types of music and owns countless CDs. Over the years, Peyton has gained a local reputation for knowledge of music from classical to rap and the ability to put together sets of recordings that appeal to all ages.
During the last several months, Peyton served as a guest disc jockey on a local radio station. In addition, Peyton has entertained at several friends’ parties as the host deejay.
On June 1, 2016, Peyton established a corporation known as PS Music. Using an extensive collection of music MP3 files, Peyton will serve as a disc jockey on a fee basis for weddings, college parties, and other events. During June, Peyton entered into the following transactions:
| Jun. | 1 | Deposited $4,000 in a checking account in the name of PS Music in exchange for common stock. |
| 2 | Received $3,500 from a local radio station for serving as the guest disc jockey for June. | |
| 2 | Agreed to share office space with a local real estate agency, Pinnacle Realty. PS Music will pay one-fourth of the rent. In addition, PS Music agreed to pay a portion of the wages of the receptionist and to pay one-fourth of the utilities. Paid $800 for the rent of the office. | |
| 4 | Purchased supplies from City Office Supply Co. for $350. Agreed to pay $100 within 10 days and the remainder by July 5, 2016. | |
| 6 | Paid $500 to a local radio station to advertise the services of PS Music twice daily for two weeks. | |
| 8 | Paid $675 to a local electronics store for renting digital recording equipment. | |
| 12 | Paid $350 (music expense) to Cool Music for the use of its current music demos to make various music sets. | |
| 13 | Paid City Office Supply Co. $100 on account. | |
| 16 | Received $300 from a dentist for providing two music sets for the dentist to play for her patients. | |
| 22 | Served as disc jockey for a wedding party. The father of the bride agreed to pay $1,000 in July. | |
| 25 | Received $500 for serving as the disc jockey for a cancer charity ball hosted by the local hospital. | |
| 29 | Paid $240 (music expense) to Galaxy Music for the use of its library of music demos. | |
| 30 | Received $900 for serving as PS disc jockey for a local club’s monthly dance. | |
| 30 | Paid Pinnacle Realty $400 for PS Music’s share of the receptionist’s wages for June. | |
| 30 | Paid Pinnacle Realty $300 for PS Music’s share of the utilities for June. | |
| 30 | Determined that the cost of supplies on hand is $170. Therefore, the cost of supplies used during the month was $180. | |
| 30 | Paid for miscellaneous expenses, $415. | |
| 30 | Paid $1,000 royalties (music expense) to National Music Clearing for use of various artists’ music during the month. | |
| 30 | Paid dividends, $500. |
| Required: | |||||||||||||
| 1. | Indicate the effect of each transaction and the balances after each transaction, using the grid provided. | ||||||||||||
|
Part 2, a separate homework item, contains the remaining requirements.
|
In: Accounting