Imagine the year is 2018, long before COVID-19 . Your family has started a new venture: operating a car wash near a popular lakeside resort, just outside of Prince George. There are many other car wash ventures nearby, and there seem to be new ventures opening and closing all the time. You can see that the customers care only about finding the cheapest price for car washes; they do not care which car wash they use. Your family purchased the equipment and the building for the car wash. You were able to spend $1,000 of your savings to go towards this purchase. To cover the rest of this expense, you took out a small business loan. The cost of the loan comes to $15 per day for the next 3 years. Your venture must hire labor and purchase cleaning solutions, car wax, etc. to operate the car wash. After some research you have figured out that the cost for labor and supplies is as follows: Number of car washes sold per day Total cost for labour and supplies 1 $10.67 2 $12.67 3 $16.00 4 $20.67 5 $26.67 6 $34.00 7 $42.67 8 $52.67 9 $64.00 10 $76.67 11 $90.67 12 $106.00 13 $122.67 14 $140.67 15 $160.00 16 $180.67 17 $202.67 18 $226.00 19 $250.67 20 $276.67 ECON 201 Introduction to Microeconomics 2 • When the lakeside resort is open, you observe that you can charge a price of $15.00 per car wash. • When the resort is closed, the demand for car washes is much lower. You are only able to charge a price $6 per car wash. Right now the resort is open. Currently you are selling 17 car washes per day. Your family wants your advice. Prepare a 1-2 page report to advise your family what to do now AND what to do when the resort is closed. Use the report to help them understand why they should follow your advice. Remember that this report should be written as if it is advice to your family, and it must show your family how you came up with the advice. What do you suggest, and why do you make the suggestions you do?
In: Economics
I am working on an accounting assignment and am having problems. Firstly,
1.I need to journalize these entries and post the closing entries
2. i need to prepare Dalhanis multi-step income statement and statement of owners equity for August 2010
3. i need to prepare the blance sheet at august 31,2010
4. i need to prepare a post-closing trial balance at august 31,2010
DALHANI makes all
credit sales on terms 2/10 n/30 and uses the Perpetual Inventory
System
Aug 1 Issued check no 682 for august office rent 2,000
Aug 2 Issued chek no 683 to pay salaries of 3,240, which includes
salary payable of 930 from july 31. The company does not use
reversing entries.
Aug 2* Issued invoice no 503 for sale on account to R.T. Loeb $600
Dalhani's cost of this merchandise was $190.
Aug 3 Purchased inventory on credit terms of 1/15 n/60 from grant
ltd $1,400
Aug 4 recieved net amount of cash on account from fullam corp,
$4,116 within the discount period.
Aug 4 sold inventory for cash $2,330 (cost $1,104)
Aug 5 received from park-hee inc. merchandise that had been sold
earlier for $550 (cost $174). the wrong merchandise had been
sent
Aug 5 issued check no 684 to purchase supplies for cash $780
Aug 6 collected interest revenue of $1,100
Aug 7 issued invoice no 504 for sale on account to k.d. skipper inc
$2,400 (cost $760)
Aug 8 issued check no 685 to pay fayda corp $2,600 of the amount
owed at july 31st. This payment occurred after the end of the
discount period
Aug 11 issued check no 686 to pay grant led the net amount owed
from august 3.
Aug 12* received cash from r.t. loeb in full settlement of her
account from aug 2nd. r.t. loeb notified dalhani that only one
quarter of the goods ordered had been received, but agreed to pay
now if dalhani held the remaining goods in his warehouse until
september.
* dalhani distributors sold inventory on account to r.t. loeb on august 2 and collected in full on august 12th. loeb indicated that the shipment was incomplete and arranged with dalhani that he would ship the goods to loeb in september. at august 31, $450 of unearned sales revenue needs to be recorded and the cost of this merchandise (142) needs to be removed from cost of goods sold and returned to inventory.
Aug 16 issued check no
687 to pay salary expense of $1,240
Aug 19 purchased inventory for cash $850, issuing check no
688
Aug 22 purchased furniture on credit terms of 3/15 n/60 from beaver
corporation, $510
Aug 23 sold inventory on account to fullam corp, issuing invoice no
505 for 9,966 (cost 3,152)
Aug 24 received half the july 31st amount receivable from k.d.
skipper inc. after the discount period
Aug 25 issued check no 689 to pay utilities $2,432
Aug 26 purchased supplies on credit terms of 2/10 n/30 from fayda
corp $180
Aug 30 returned damaged inventory to company from whom dalhani made
the cash purchase on august 19th, receiving cash of $850
Aug 30 granted a sales allowance of $176 to k.d. skipper inc.
Aug 31 purchased inventory on credit terms of 1/10 n/30 from
suncrest supply ltd $10,330
Aug 31 issued check no 690 to jack west, owner of dalhani for
$1,700
In: Accounting
(This is a continuation of the Waterways Problem from Chapters 1 through 13.)
WCP14 The comparative balance sheets of Waterways Corporation’s Irrigation Installation
Division for the years 2016 and 2017 and the income statements for the year 2016 and
2017 are presented below.
Additional information:
85% of the sales for Waterways were credit sales. There are 5,000 shares outstanding for
both years. This is a private corporation, whose shares are not available to the public.
WATERWAYS CORPORATION—INSTALLATION DIVISION
Balance Sheets
December 31
Assets 2017 2016
Current assets
Cash $ 836,797 $ 746,681
Accounts receivable 680,750 542,685
Work in process 702,159 —
Inventory 16,766 7,500
Prepaid expenses 76,550 42,590
Total current assets 2,313,022 1,339,456
Property, plant, and equipment
Land 300,000 300,000
Buildings 450,000 450,000
Equipment 929,400 800,200
Furnishings 40,416 40,416
Accumulated depreciation (482,523) (485,204)
Total property, plant, and equipment 1,237,293 1,105,412
Total assets $3,550,315 $2,444,868
Liabilities and Stockholders’ Equity
2017 2016
Current liabilities
Accounts payable $ 157,095 $ 128,360
Income taxes payable 101,344 79,989
Wages payable 4,517 1,984
Interest payable 1,187 —
Other current liabilities 14,515 15,246
Revolving bank loan payable 15,000 —
Total current liabilities 293,658 225,579
Long-term liabilities
Note payable 140,000 —
Total liabilities 433,658 225,579
Stockholders’ equity
Common stock 1,250,000 1,250,000
Retained earnings 1,866,657 969,289
Total stockholders’ equity 3,116,657 2,219,289
Total liabilities and stockholders’ equity $3,550,315 $2,444,868
WATERWAYS CORPORATION—INSTALLATION DIVISION
Income Statements
For the Year Ending December 31
2017 2016
Sales $5,536,077 $4,957,266
Less: Cost of goods sold 3,132,777 2,807,316
Gross profit 2,403,300 2,149,950
Operating expenses
Advertising 50,000 48,000
Insurance 400,000 400,000
Salaries and wages 584,640 554,640
Depreciation 71,319 62,319
Other operating expenses 21,200 18,476
Total operating expenses 1,127,159 1,083,435
Income from operations 1,276,141 1,066,515
Other income
Gain on sale of equipment 18,000 —
Other expenses
Interest expense (12,187) —
Income before income tax 1,281,954 1,066,515
Income tax expense 384,586 319,955
Net income $ 897,368 $ 746,56
Instructions
(a) Prepare a horizontal analysis of the income statement using 2016 as the base year.
(b) Prepare a vertical analysis of the income statement for 2017.
(c) Calculate the following ratios for 2017 and indicate whether the ratio is a liquidity,
solvency, or profitability ratio.
(1) Asset turnover ratio.
(2) Receivables turnover ratio.
(3) Average collection period.
(4) Current ratio.
(5) Debt to total assets ratio.
(6) Earnings per share.
(7) Profit margin rate.
(9) Return on assets ratio.
(10) Return on common stockholders’ equity ratio.
(11) Times interest earned ratio.
(d) Comment on your findings.
In: Accounting
The Australian Prime Minister recently announced measure to help the economy from the Covid19 pandemic. The Australian government have introduced a financial grant for people to build their first home. The grant is worth $25,000. The owners must live in the house once its completed, and they must use local workers to build the house. How do you think this will help the Australian economy? Be specific, and provide examples in your answer.
Consider an economy. The growth rate of nominal GDP in the recent year was 8% and the growth rate of real GDP was 5%. What does such difference indicate? What do you think the government of this country should do next year?
There is a lot of construction happening in Bangkok Metropolitan area these days, both residential property and business objects are being built. Explain how they affect GDP now and how they will contribute to Thailand’s GDP in the future. Specify the elements of GDP they affect.
In: Economics
In: Physics
Step 1. Access a dataset with store records at AmazingMartEU2.xlsx and view in Excel
Step 2. Describe the dataset in your own words.
Step 3. Come up with questions to answer using this dataset:
Which products are sales leaders by quantity?
Which products are profit leaders by state and by country?
Which products are loss leaders by state and by country??
Sales target met by category by year?
Which customer segment is most profitable overall and by country?
Which products are trending high in profitability by season (3 month quarters, Jan-Mar, …, Oct-Dec)?
Step 4. Import the data into Tableau (see instructions at http://onlinehelp.tableau.com/current/pro/desktop/en-us/examples_excel.html).
Step 5. Try and use filtering, built-in functions, and visualizations to answer the questions. Take screenshots and paste into this document below. Add language to explain each screenshot as you answer the question.
In: Statistics and Probability
VBA
In this assignment you will create a Word Macro-Enabled Document. The document will contain procedures with the following declarations:
• Sub Main()
• Sub GetGrades(grades() As Integer, total As Integer)
• Sub CreateOutput(className As String, grades() As Integer, total As Integer)
The Main sub-procedure will be the macro that initializes the task. In this procedure you will declare all necessary variables, prompt the user to enter the name of the class and the number of students, resize the grades array appropriately, then make calls to each of the other procedures in the order they are listed at the beginning of these instructions.
The GetGrades procedure will use a loop to prompt the user for the grade for each student. Also within the loop a running total of all grades will be kept.
The CreateOutput procedure will create the output shown in the demo video linked below. Think about building a single string that contains all the output information. You can then assign that string to the Text property of the ActiveDocument Range. Use the built in
In: Computer Science
In this exercise we will utilize the tables for superheated water vapor, (D-3). All graphs should be generated using plotting software, e.g. Excel, MatLab, etc. (If you use NIST, do NOT utilize the built-in plotting software to generate your graphs.) Plot the specific internal energy and the specific enthalpy Vs T(K) at 1 bar. (Use a reasonable number of available temperature values but include the maximum and minimum values.) The lower limit of the ordinate should be 2500kJ/kg and the lower limit of the abscissa should be 300K. Observe the nature of the relationships and based on these calculate the ratio of specific heats, gamma. Plot the compressibility factor as a function of temperature for 1 bar and 120 bar and comment on the significance of intermolecular forces. The compressibility factor of a gas is 0.94152 when the temperature, pressure and specific volume are -50 degree F, 30atm and 0.018317m^3/kg, respectively. Which gas is it?
In: Mechanical Engineering
Many countries and experts around the world are arguing that current mixed economies and the economics that justifies them are no longer sustainable because they are built on predominantly fossil fuel use. Combined with the production/consumption processes that generate a great deal of highly destructive and biosphere-threatening waste, they are no longer effective. Over the next couple of decades, we must transition those economies to a new state where they run predominantly on renewable energy and operate in a circular fashion that eliminates most waste and cooperates with nature. This includes developing a new economy focused on collaboration, resilience, regeneration, and sharing.
You are a newly appointed advisor to the President. Your brief is to develop a plausible challenge to this view and suggest market-based solutions that address the concerns raised. Using concepts and resources from inside the course and online to support your approach, discuss how you would go about doing this or explain why you can’t.
In: Economics
Imagine that the net present value of a hydroelectric plant with a life of 70 years is $23.73 million and that the net present value of a thermal electric plant with a life of 35 years is $18.77 million. Rolling the thermal plant over twice to match the life of the hydroelectric plant thus has a net present value of ($18.77 million) + ($18.77 million)/(1 + 0.05)35 = $22.17 million.
Now assume that at the end of the first 35 years, there will be an improved second 35-year plant. Specifically, there is a 30 percent chance that an advanced solar or nuclear alternative will be available that will increase the net benefits by a factor of three; a 60 percent chance that a major improvement in thermal technology will increase net benefits by 50 percent; and a 10 percent chance that more modest improvements in thermal technology will increase net benefits by 10 percent.
a. Should the hydroelectric or thermal plant be built today?
b. What is the quasi-option value of the thermal plant?
In: Finance