As a direct result of your committee's work, quality significantly improved during the latest year while costs and rework decreased. Titan Computer Company also reduced manufacturing capacity because of lowered rework support needs. Sales of AllPad have increased in tandem with a decrease in unit price (following the intent to increase market share). Information about the current period (2016) and prior period (2015) follows. Type of Data 2015 2016 Units of AIIPad produced and sold 800 900 Selling price $450 $430 Pounds of direct material used 3,200 3,300 Direct material cost per pound $35 $35 Manufacturing capacity in units 12,000 11,000 Total conversion costs $1,800,000 $1,650,000 Conversion cost per unit of capacity $150 $150 Selling and customer service capacity customers 90 customers Total selling and customer service costs $495,000 $495,000 Selling and customer service capacity cost and customer $500 $550 Assuming Titan had 70 customers in 2015 and 80 customers in 2016, 1. calculate the operating income of Titan for 2015 and 2016; Particulars 2015 2016 Revenue; 800*450;900*430 360,000 387,000 Direct Material Cost 3200*35;3300*35 112,000 115,500 Conversion Cost 1,800,000 1,650,000 Selling and Customer Service cost 495,000 495,000 Total Cost 2,407,000 2,260,500 Profit/Loss (2,047,000) (1,873,500) Hence, the operating loss for 2015 is $2,047,000 and 2016 is 1,873,500 2) calculate the growth, price recovery, and productivity components that explain the change in operating income from 2015 and 2016; and comment on your answer. What do these components indicate?

I need help with #2

Essay: Do not add graphing.

1. Explain the concept of profit maximization when the marginal revenue equals marginal cost.

2. Differentiate: Average Fixed Cost, Average Variable Cost, and Average Total Cost.

3. Discuss the relationship between utility and price.

Please provide an example of a company that has an effective customer retention program and describe the components of effectiveness. Describe the potential impact of the company's customer service on their generation of revenue. Do you believe there is a correlation between the company's program and its financial success? Why or why not?

Chapter 13

1) Describe the general types of barriers.

2) Competition keeps prices lower for consumers. So why do we have patent laws?

3) What is the relationship between the marginal revenue curve and the demand curve for a single-price monopolist?

Suppose the preliteracy scores of three-year-old students in the United States are normally distributed. Shelia, a preschool teacher, wants to estimate the mean score on preliteracy tests for the population of three-year-olds. She draws a simple random sample of 20 students from her class of three-year-olds and records their preliteracy scores (in points).

80,82,83,85,86,91,91,92,92,93,95,97,99,100,100,103,107,108,111,112

a) Calculate the sample mean, sample standard deviation, and standard error (SE) of the students' scores. Round your answers to four decimal places.
b) Determine the t-critical value (t) and margin of error (m) for a 95% confidence interval. Round your answers to three decimal places.
c) What are the lower and upper limits of a 95% confidence interval? Round your answers to three decimal places.
d) Which is the correct interpretation of the confidence interval:

Shelia is 95% confident that the true population mean is between 91.129 points and 99.571 points.

There is a 95% chance that the true population mean is between 91.129 points and 99.571 points.

Shelia is 95% confident that the true population mean is between 90.842 points and 99.858 points.

There is a 95% chance that the population mean is between 90.842 points and 99.858 points.

Shelia is certain that the true population mean is between 90.842 points and 99.858 points.

a) Does the AD curve shift to the right more or less than the LRAS curve in a dynamic AD-AS model from 2006 to 2007? Explain why verbally.

b) Explain why the Federate Funds Rate declines from 2007 to 2009 using Taylor Rule. Based on the Federate Funds Rate data in the table, explain the limitation of monetary policy that is implemented through open market operation during severe recession.

c) Suppose a military operation that costs $200 billion in 2011 can help the real GDP recover to $16.2 trillion one year earlier. What is the minimal required MPC of households in the Aggregate Expenditure model if there is no tax wedge on household income? What if the tax wedge is 1/3 of the pretax household income? What is the difference between the answer based on the Aggregate Expenditure model and the answer based on the static AD-AS model.

d) There was large fiscal stimulus during 2009-2011. People believe that fiscal stimulus is more powerful in 2011 compared to 2017. Explain why this can be true using the Federal Funds Rate data.

Journal Entries and Trial Balance

On October 1, 2018, Jay Pryor established an interior decorating business, Pioneer Designs. During the month, Jay completed the following transactions related to the business:

Enter the following transactions on Page 2 of the two-column journal:

A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $900 per month for the next two years and then $1,800 per month for three years after that. If the bank is charging customers 8.5 percent APR, how much would it be willing to lend the business owner? (Round your answer to two decimal places.)

A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $900 per month for the next two years and then $1,800 per month for three years after that. If the bank is charging customers 8.5 percent APR, how much would it be willing to lend the business owner? (Round your answer to two decimal places.)

A small business owner visits her bank to ask for a loan. The owner states that she can repay a loan at $900 per month for the next two years and then $1,800 per month for three years after that. If the bank is charging customers 8.5 percent APR, how much would it be willing to lend the business owner? (Round your answer to two decimal places.)