The following is the unadjusted trial balance for Panorama Resort Inc. at its year end, December 31, 2018. The company adjusts its accounts annually.

Additional information is provided below:

1. A count of supplies on December 31st shows $4,150 of supplies on hand.
2. The building has an estimated 20 year life with no residual value and straight-line depreciation is used.
3. Salaries of $1,640 were unpaid on December 31st.
4. Rental revenue for 5 nights at $150 per night during the last week of December has not been paid (received) or recorded.
5. A two year insurance policy was purchased September 1, 2018.
6. Income tax payable is estimated to be $1,920.
7. Of the unearned revenue, it was determined that $28,500 remains unearned.
8. Interest on the note payable is $785 per month and was last paid on October 31, 201
9. The December utility bill of $3,380 has not year been recorded or paid.

REQUIRED:

Prepare all necessary adjusting journal entries for their year-end, December 31, 2018. Omit explanations but show calculations. Round all calculations to the nearest dollar.

The program prompts a user for the number of contestants entered in this year’s and last year’s Greenville Idol competition, and then it displays the revenue expected for this year’s competition if each contestant pays a $25 entrance fee.

The programs also display a statement that compares the number of contestants each year. Now, replace that statement with one of the following messages:

• If the competition has more than twice as many contestants as last year, display The competition is more than twice as big this year!

• If the competition is bigger than last year’s but not more than twice as big, display The competition is bigger than ever!

• If the competition is smaller than last year’s, display, A tighter race this year! Come out and cast your vote!

Below is the source code.

using System;
using static System.Console;
class GreenvilleRevenue
{
   static void Main()
   {
      const int ENTRANCE_FEE = 25;
      string entryString;
      int numThisYear;
      int numLastYear;
      int revenue;
      bool isThisYearGreater;
      Write("Enter number of contestants last year >> ");
      entryString = ReadLine();
      numLastYear = Convert.ToInt32(entryString);
      Write("Enter number of contestants this year >> ");
      entryString = ReadLine();
      numThisYear = Convert.ToInt32(entryString);
      revenue = numThisYear * ENTRANCE_FEE;
      isThisYearGreater = numThisYear > numLastYear;
      WriteLine("Last year's competition had {0} contestants, and this year's has {1} contestants",
         numLastYear, numThisYear);
      WriteLine("Revenue expected this year is {0}", revenue.ToString("C"));
      WriteLine("It is {0} that this year's competition is bigger than last year's.", isThisYearGreater);
   }
}

Please show output and source code of how to get the displayed text.

1. JOBCO produces two products on two machines. A unit of product 1 requires 2 hours on machine 1 and 1 hour on machine 2. For product 2, a unit requires 1 hour on machine 1 and 3 hours on machine 2. The revenues per unit of products 1 and 2 are $30 and $20, respectively. The total daily processing time available for each machine is 8 hours. Letting x1 and x2 represent the daily number of units of products 1 and 2, respectively, the LP model is given as

max z=30x1+20x2

s.t.

2x1+x2 ≤8

x1+3x2 ≤8

x1,x2 ≥ 0

(a) Solve the LP graphically.

(b) If JOBCO can increase the capacity of both machines, which machine should receive higher priority?

(c) A suggestion is made to increase the capacities of machines 1 and 2 at the additional cost of $10/hr. Is this advisable?

(d) . If the capacity of machine 1 is increased from the present 8 hours to 13 hours, how will this increase impact the optimum revenue?

(e) Suppose that the capacity of machine 1 is increased to 20 hours, how will this increase impact the optimum revenue?

(f) Suppose that the unit revenues for products 1 and 2 are changed to $35 and $25, respectively. Will the current optimum remain the same?

(g) Suppose that the unit revenue of product 2 is fixed at its current value of c2 = $20.00. What is the associated range for c1, the unit revenue for product 1 that will keep the optimum unchanged?

1.Marginal profit is equal to marginal revenue plus marginal cost.

True or false

Spacely Sprockets' short-run cost curve is C(q,K)=25q2K+15KC(q,K)=25q2K+15K, where q is the number of Sprockets produced and K is the number of robot hours Spacely hires. Currently, Spacely 2.hires 10 robot hours per period. The short-run marginal cost curve is MC(q,K)=50qKMC(q,K)=50qK. If Spacely receives $250 for every sprocket he produces, his profit maximizing output level is 50.

True or False

3.Consider a competitive market in which the market demand for the product is expressed as P = 75 - 1.5Q, and the supply of the product is expressed as P = 25 + 0.5Q. Price, P, is in dollars per unit sold, and Q represents the rate of production and sales in hundreds of units per day. The typical firm in this market has a marginal cost of MC=2.5+10qMC=2.5+10q.

In this case, the typical firm will maximize its profit at the point where MC = P =

True or False

4. Revenue is equal to price times quantity.

True or false

5. The table below lists the short-run costs for One Guy's Pizza. If One Guy's can sell all the output it produces for $12 per unit, One Guy's should produce 58 pizzas to maximize profits.

True or false

6. Producer surplus in a perfectly competitive industry is the difference between revenue and variable cost. True or false

7. he following table contains information for a price-taking competitive firm. The maximum profit is $13.

True or false

8. Average total cost for the firm in the following table is U-shaped.

True or false

9. Consider the following diagram, where a perfectly competitive firm faces a price of $40. At the profit-maximizing level of output, total revenue is $2,400.

True or false

1.Table 27

Refer to Table 27. How many workers should the firm hire?

A.1

B. 2

C. 3

D. 4

2. If education produces positive externalities and the government does not intervene in the market, we would expect

Group of answer choices

A. ​the market equilibrium price to be higher than the efficient equilibrium price.

​B. the market equilibrium quantity to be lower than the efficient equilibrium output level.

C.​the market equilibrium quantity to be higher than the efficient equilibrium output level.

D.​none of the above

3.Which of the following is false?

A. ​The nature of public goods is such that the government cannot accurately assess the benefits of those affected.

​B. National defense and flood control are illustrations of public goods.

C. ​Just as in the case of external costs, public goods tend to be underprovided by the private sector.

D. ​All of the above are true.

For planning purposes, senior executives at a large national clothing maker and retailer need to understand and forecast quarterly sales revenue. The available data are contained in the table attached below. The data is in units of hundreds of millions of dollars ($100M).

You have been tasked with describing the historical data and with developing preliminary forecasts for 2018 based on the historical data from the first quarter of 2011 (quarter 1) through the last quarter of 2017 (quarter 28).

a. Perform a linear time series regression (“Trend Analysis” in Minitab or “Trendline” in Excel) of the historical data using excel or minitab

b.   State the equation of the fitted regression line.

c. On the basis of this regression analysis, calculate and state the sales revenue forecasts for all four quarters of 2018.

d. Calculate and state the RMSE of this simple linear regression. [Hint: Different from forecasting, for regression RMSE = ?SSE/?(n-2).]

e. Calculate and state the forecast values for all four quarters of 2018 by the following time series decompositions. Perform the time series decompositions in Minitab. (Go to Stat > Time Series > Decomposition; for all decompositions, set the seasonal length)

e1.   Additive with seasonal only.

e2.   Additive with trend plus seasonal.

e3.   Multiplicative with seasonal only.

e4.   Multiplicative with trend plus seasonal.

e5.   On the basis of the Minitab time series decomposition plots, do you recommend forecasting with the trend component alone (as you were asked to do in part d above), the seasonal component alone (parts e(1) and e(3), or with both the trend and seasonal components together (parts e(2) and e(4). Briefly state why.

f. Calculate and state the accuracy of each of the forecasting methods in part e using the RMSE as the measure. (Note: MSE is stated on the Minitab graphs as “MSD.” RMSE is the square root of this value.)

f1. Which is the most accurate method of the decomposition methods used in part e? Briefly state why.

   f2. What are the most accurate forecasts? Briefly state why

Please determine the following values for all quarters: 1) gross margin 2) SGA 3) inventory turnover ratio 4) ROI