you are the curator of a museum. the museum is running short of funds, so you decided to increase revenue. should you increase or decrease the price of admission? explain

Income tax rates schedule “ (1) for the Personal Income Tax Net income which does not exceed 300,000 baht 5 percent Net income which only the amount in excess of    300,000 baht but not exceeding    500,000 baht 10 percent Net income which only the amount in excess of    500,000 baht but not exceeding    750,000 baht    15 percent Net income which only the amount in excess of    750,000 baht   but not exceeding 1,000,000 baht   20 percent Net income which only the amount in excess of    1,000,000 baht but not exceeding 2,000,000 baht     25 percent Net income which only the amount in excess of    2,000,000 baht but not exceeding 5,000,000 baht 30 percent       Net income which only the amount in excess of    5,000,000 baht 35 percent   (the Revenue Code as amended by the Revenue Code Amendment Act (No. 45) B.E.2560) which is applicable for assessable income in the tax year 2560 which tax return shall be filed in 2561 onwards) “ (2) for the Corporate Income Tax “ (a) The tax on net profits of a company or juristic partnership is 20 percent” (Amended by the Revenue Code Amendment Act (No.42) B.E. 2559 (2016) which is applicable for the accounting periods on or after 1 january B.E. 2559 (2016)) “(b) The tax under section 70 not specified in (c) is 15 percent” “(c) The tax under section 70 specified in the case of the payment of assessable income under section 40(4)(b) is 10 percent (d) The tax under section 70 Bis is 10 percent” (Amended by the Revenue Code Amendment Emergency Decree (No.16) B.E. 2534 (1991) which has come into force as from 1 may B.E. 2535 (1992)) “(e) The tax on revenue before deducting any expense of a foundation or association which carries on business that produces revenue not be revenue under section 65 Bis (13) is 10 percent” (Amended by the Revenue Code Amendment Emergency Decree (No.16) B.E. 2534 (1991) which is applicable for the accounting periods on or after 1 january B.E. 2535 (1992))

PRACTICE: Mr. A = Man = husband = employee Mrs. B = Woman = wife = entrepreneur Both are married with 2 children aged 15 and 13. In the year 2017, Mr. A worked as a teacher earning a salary of 50,000 baht per month. The wife engaged in real estate sales brokerage as an entrepreneur and earned a commission of 2.5% on each sale. For the entire 2017, Mrs. B earned 500,000 Baht in commission from real estate sales. The couple paid 5,000 each for life insurance premium. Mrs. B also paid 1,000 Baht per month on health insurance for herself. The couple made a contribution of 5,000 Baht per month to retirement account under Mr. A's name because his employer has a individual retirement account. In the middle of 2017, the couple rented their condo for 10,000 Baht per month. The money from rent was put into a savings account earning 2.5% interest. Each year in December, the couple attend the Red Cross fund raising event. In 2017, the couple donated 50,000 Baht to the Red Cross. QUESTION: What is the income tax liability for the couple if they file a joint return?

Witholding form

https://drive.google.com/file/d/1uVdK6lnPASeZj2DC-9OQRNnYyi4u5Epy/view?usp=drivesdk

Personal income tax https://drive.google.com/file/d/1Vhn1jm6eo7uKSP74CNa2z0OixIUd5-FX/view?usp=drivesdk

Since the computer hard drive was invented in 1956, a con- stantly increasing data storage capacity has been available at an ever-decreasing cost. Use the historical data of hard drive capacities and prices shown in Figure 3-29 (or download the Excel file named CH03Ex01). Modify the spreadsheet so that it includes a new column containing formulas that calculate a common measure of disk size (GB) and a second new column that computes the cost per GB for each year. (Recall 1 gigabyte = 1,024 megabytes; 1 terabyte = 1,024 gigabytes.) Now, create one line graph to show the cost per gigabyte from the period 1995 to 2016. Create a second line graph to show changes in the size of hard disks across the same period. (Tip: Use the “Hide” function to cover the columns you don’t need for each graph.) Write a brief summary of the trends you found. What factors have contributed to these trends? What are the implications of these trends? 1980 26 MB $5,000 1981 63 MB $2,895 1983 20 MB $3,495 1984 20 MB $2,399 1987 40 MB $1,799 1989 20 MB $899 1995 1.7 GB $1,499 1996 3.2 GB $469 1997 7.0 GB $670 1998 8.4 GB $382 1999 19.2 GB $512 2000 27.3 GB $375 2001 40 GB $238 2002 100 GB $230 2003 120 GB $168 2004 250 GB $250 2006 390 GB $106 2008 1 TB $200 2010 1.5 TB $220

Exhibit 1

Flight Plan Consulting, Inc.

Sales and Earnings Trend

Exhibit 2

Flight Plan Consulting, Inc.

Balance Sheet

December 31, 2001

($000’s)

Exhibit 3

Flight Plan Consulting

Selected Capital Market & Industry Data [1]

[1] The long-term debt on FPC’s balance sheet carried a coupon rate of 7% and will mature in 5 years. The firm was in the 30% (combined) tax bracket, and had a dividend payout ratio of 30%. The present market price of the firm’s common stock is $18.

What are FPC's historical (book) costs of debt and equity?

What is FPC's historical weighted average cost of capital (WACC)?

Exhibit 1

Flight Plan Consulting, Inc.

Sales and Earnings Trend

Exhibit 2

Flight Plan Consulting, Inc.

Balance Sheet

December 31, 2001

($000’s)

Exhibit 3

Flight Plan Consulting

Selected Capital Market & Industry Data [1]

[1] The long-term debt on FPC’s balance sheet carried a coupon rate of 7% and will mature in 5 years. The firm was in the 30% (combined) tax bracket, and had a dividend payout ratio of 30%. The present market price of the firm’s common stock is $18.

What are FPC's historical (book) costs of debt and equity?

What is FPC's historical weighted average cost of capital (WACC)?

3.

(5.15) Manatees are large, gentle, slow-moving creatures found along the coast of Florida. Many manatees are injured or killed by boats. below contains data on the number of boats registered in Florida (in thousands) and the number of manatees killed by boats for the years between 1977 and 2013. (data are distorted):

(a) Find the correlation rr (±±0.001)

rr =

(b) Find the equation of the least-squares line (±±0.001) for predicting manatees killed from thousands of boats registered.

yˆy^ = +xx

(c) What would you predict (±±0.1) number of manatees killed by boats to be if there are 900,000 boats registered?

(d) Predict (±±0.1) manatee deaths if there were no boats registered in Florida.

                                                                       Assignment 1( New Version)

You have the following   data on quantity demand of commodity X and its price and other factors during 1991-2005:-

Based on the above data:-

1. Draw the relationship between Q & P?
2. Using the OLS, estimate the demand function in linear form.
3. Comments on the results by taking into account any prior expectations you have about demand functions.

      4) Compute the predictable value of the dependent variable & the residuals?

     5) How much the change in Px, Py and Expenditures ( M) explains the variations in Q?

       6) Interpret the empirical results of the estimated equation?

        7) Calculate demand elasticities at the mean.

        8) Construct a confidence internal at 95% of estimated own price elasticity at the

            mean   and in the year of 2005?

         10) Construct a confidence interval of the quantity demanded in the years 2005 and in

         the year 2008 when Px=7, Py=3.5 ,Expenditures =1900

Above is a CSV file from the file do the following:

(a) Subset the data to include only those from 1947 to 1964.

(b) Fit a linear regression model, M1, to model population as a function of the year using this data from 1947 to 1964.
(c) Predict the population for the missing years 1955 and 1960.
(d) Plot the population versus Year including the predicted values for 1955 and 1960 in the range 1947 to 1964. The predicted values must be annotated (marke

The following table contains the historic returns from a portfolio consisting of large stocks and a portfolio consisting of long-term Treasury bonds over the last 20 years. T-bills returns represent risk-free returns. Analyze the risk-return trade-off that would have characterized these portfolios. The following dataset is also available in Excel format in Module 3 Resources on Canvas. Returns in the dataset are in percents. For example, 31.33 means 31.33% per year.

a. Estimate the annual risk premium of large stocks and T-bonds, respectively.

b. Estimate the annual volatility of large stocks and long-term T-bonds, respectively.

c. Estimate the Sharpe ratio of large stocks and long-term T-bonds, respectively.

d. Now assume that you have always invested half of your wealth in the stock and the other half in the T-bonds. Estimate the Sharpe ratio of your portfolio.