Suppose a company has fixed costs of $48,000 and variable cost per unit of

x + 333 dollars,

where x is the total number of units produced. Suppose further that the selling price of its product is

2357 −

x dollars per unit.

(a) Find the break-even points. (Enter your answers as a comma-separated list.)
x =

(b) Find the maximum revenue. (Round your answer to the nearest cent.)
$

(c) Form the profit function P(x) from the cost and revenue functions.
P(x) =

Find maximum profit.
$

(d) What price will maximize the profit? (Round your answer to the nearest cent.)
$

Q. Describe and demonstrate the five differences between managerial and financial accounting. Your answer should include: the difference, a real-world example of the difference and Internet research to support the difference.

A.?

Q. Give at least ten different examples of the types of costs and/or revenue from the text. Your answer should include: The name of the cost/revenue, the definition, a real world example and Internet research to support the real world example.

A.?

Q. Define Process Costing and Job Order Costing. Discuss at least five terms/concepts related to either/both of the costing methods. Giver real world examples to support you terms/concepts and include internet research.

A.?

In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2020. Information related to the contract is as follows: 2018 2019 2020 Cost incurred during the year $ 2,580,000 $ 4,042,000 $ 2,175,800 Estimated costs to complete as of year-end 6,020,000 1,978,000 0 Billings during the year 2,060,000 4,562,000 3,378,000 Cash collections during the year 1,830,000 4,200,000 3,970,000 Westgate recognizes revenue over time according to percentage of completion. rev: 09_15_2017_QC_CS-99734 4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information.

E4–6 Michael’s Esports Tutoring reported the following partial list of accounts in its June 30, 2020, financial records:

Required

1. Prepare the company’s closing entries. Include explanations.

2. Prepare a T-account for Michael Lucas, Capital. What is the ending Capital balance at June 30, 2020?

The following information relates to YogaGuru for the year ended 30 June 2020. Prepaid rent 14,500 Accounts payable 52,700 Electricity expense 7,500 Unearned revenue 11,600 Wages payable 12,500 Accumulated depreciation- Equipment 8,600 Capital ? Rent expense 32,000 Cash at bank 75,800 Wages expense 135,400 Supplies 3,900 Service revenue 282,600 Bank Loan (due in 2025) 38,000 Accounts receivable 7,500 Drawings 4,000 Equipment 235,200 Depreciation expense-Equipment 8,600 Required: Prepare an Income Statement , a fully classified Balance Sheet in narrative format and a Statement of Changes in Equity for the year ended 30 June 2020 for YogaGuru.

The following information relates to YogaGuru for the year ended 30 June 2020.

Required: Prepare an Income Statement , a fully classified Balance Sheet in narrative format and a Statement of Changes in Equity for the year ended 30 June 2020 for YogaGuru.

Great Adventures obtains a $42,000 low-interest loan for the company from the city council, which has recently passed an initiative encouraging business development related to outdoor activities. The loan is due in three years, and 6% annual interest is due each year on July 31. Record adjusting entries as of December 31, 2018.

Assume the following ending balances for the month of July.

Cash $ 27,250 Prepaid insurance 5,640 Supplies (Office) 1,800 Equipment (Bikes) 15,700 Accounts payable 1,800 Deferred revenue 6,500 Common stock 39,000 Service revenue (Clinic) 5,350 Advertising expense 1,060 Legal fees expense 1,200

An income statement for the first year of operations for Patti Company appears below:

Additional information:

1. Accounts payable, end of year, $13,000.

2. Salaries payable, end of year, $8,450.

3. Inventories, end of year, $26,000.

4. Accounts receivable, end of year, $32,500.

Required:

Use the direct approach to calculate the cash provided (used) by operating activities for Patti Company. (Net cash outflows and amounts to be deducted should be indicated by a minus sign.)

Pls do not handwritten for easy reading === ===
Question:-
1a) The Singapore "Conceptual Framework for Financial Reporting" on qualitative characteristics deals with the attributes that make financial information useful.
Explain the following 2 qualitative characteristics: (i) Relevance and (ii) Verifiability
1b)Under FRS 115 Revenue from contracts with customers an entity recognizes revenue over time when it transfers control of a good or service over time and, therefore, satisfies a performance obligation over time. For measuring progress towards complete satisfaction of a performance obligation over time, the entity can choose to use the output or input method. Explain and illustrate with suitable examples of what these methods are.

Answer True, False or Uncertain. Brieáy explain your answer

Please explain

1. A permanent increase in money supply cannot affect any variable in the OLG model of money.

2. In the OLG model of money, Fiat money does not pay interest, so money's rate of return is 1.

3. Suppose that the government finances its expenditure through seigniorage revenue. There exists an upper limit on the amount of the seigniorage revenue that can be generated.

4. The original Phillips curve finds that there is a negative correlation between inflation and output growth.

5. The Lucas critique indicates that the government can use a random monetary policy to stimulate output.