Are America's top chief executive officers (CEOs) really worth all that money? One way to answer this question is to look at row B, the annual company percentage increase in revenue, versus row A, the CEO's annual percentage salary increase in that same company. Suppose that a random sample of companies yielded the following data:

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Do these data indicate that the population mean percentage increase in corporate revenue (row B) is different from the population mean percentage increase in CEO salary? Assume that the distribution of differences is approximately normal, mound-shaped and symmetric. Use a 10% level of significance. Find (or estimate) the P-value.

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Please compose three full paragraphs (one page single spaced) with any graphical or technical analysis as appropriate for each question 4) Suppose the legislature was considering an increase in the tax on cigarettes of 50 cents per pack. Assume the current price of a pack of cigarettes of $4.00, and sales in your state are five million packs per year. The estimated short-run elasticity of demand for cigarettes at the current price and quantity is 0.4. The long-run elasticity of demand (one year or longer) is 0.75.

a) Calculate and explain how much additional revenue the government can expect to receive in the first year (assuming no growth in the number of people smoking)? How much will smoking be reduced by?

b) Calculate and explain how much additional revenue the government can expect to receive in the second year (assuming no growth in the number of people smoking)? How much will smoking be reduced by?

a. Suppose that a 20 percent increase in the price of jet fuel causes a 5 percent decrease in the consumption of jet fuel. What is the price elasticity of demand and do you think this is a realistic number? Explain why (hint: discuss the determinants of elasticity).

b. In a recent fare war, WestJet reduced the price of its one-way airfare from Vancouver to Winnipeg from $198 to $138 to match Air Canada. WestJet matched the fare reluctantly, saying it would cost the company millions of dollars in revenue for those tickets to be sold for less. Air Canada, on the other hand, believed the fare cut would increase its revenue even if rival airlines matched the lower fares. What different assumptions about the underlying price elasticity of demand for airline tickets on that route did each airline believe true?

As vice president of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force (from its current level of 60 national salespeople). You are considering hiring from five to 10 additional personnel. How would you estimate the additional dollar cost of each additional salesperson? Based on your company’s past sales experience, how would you estimate the expected net revenue generated by an additional salesperson? (Be specific about the information you might use to derive this estimate.) How would you use these cost and revenue estimates to determine whether a sales force increase (or possibly a decrease) is warranted? Complete this essay in a Microsoft Word document, APA formatted and then submit it by midnight, Day 7. Your assignment should be about two pages, double spaced.

Recall from the lectures that the first fundamental welfare theorem states that equilibrium in competitive markets is Pareto Optimal. The second fundamental welfare theorem states that any Pareto efficient allocation can be achieve by the competitive equilibrium with the appropriate redistribution of initial endowments.

Now consider a situation of a small country that is considering opening to international trade. You are the leader of this country and your economists are telling you that if you open up to international trade, the natural resource sector will gain over a billion dollars in annual revenue. However, your economists are also telling you that the manufacturing sector will lose half a billion in revenue.
With what you have learned so far in this course and in the economics program, what decision would you make? Make sure to make some reference to competitive markets and logic expressed in the first and second welfare theorem.

Loki Labs is experience rapid growth due the increased demand for dog treat products that are low in calories and high in nutrition. Current sales of $125,000, which increased from $90,000 the previous month, are expected to grow at a 25 percent rate. Costs of sales are stable at 75% of sales revenue. Loki's sales are for 30 percent cash with the remaining 70 percent collected the following month. Inventory-on-hand is maintained at a level to support the following month's sales. Inventory is paid in full at the time of receipt. Loki's cash balance at the start of the period was $75,000.
A. For the current month and the following three months, determine Loki's
Revenue
Inventory
Cost of sales
Accounts receivable
Cash collections
Cash disbursements

B. Is Loki's gross profit increasing or declining?

C. Is Loki's cash flow increasing or declining?

D. What is Loki's cash balance at the end of the four-month period?

The Bradford Company issued 8% bonds, dated January 1, with a face amount of $75 million on January 1, 2018 to Saxton-Bose Corporation. The bonds mature on December 31, 2022 (5 years). For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.): Required: 1. to 3. Prepare the journal entry to record the purchase of the bonds by Saxton-Bose on January 1, 2018, interest revenue on June 30, 2018 and interest revenue on December 31, 2018 (at the effective rate). (Enter your answers in whole dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

How does grading work?

Ensemble Co.

UNADJUSTED TRIAL BALANCE

Allegience Insurance Company’s management is considering an advertising program that would require an initial expenditure of $177,085 and bring in additional sales over the next five years. The projected additional sales revenue in year 1 is $82,000, with associated expenses of $28,500. The additional sales revenue and expenses from the advertising program are projected to increase by 10 percent each year. Allegience’s tax rate is 30 percent. (Hint: The $177,085 advertising cost is an expense.)

Use Appendix A for your reference. (Use appropriate factor(s) from the tables provided.)

Required:
1. Compute the payback period for the advertising program.
2. Calculate the advertising program’s net present value, assuming an after-tax hurdle rate of 10 percent. (Round your intermediate calculations and final answer to the nearest whole dollar.)

The trial balance of Rollins Inc. included the following accounts as of December 31, 2021:

Debits            Credits

Sales revenue                                                     5,900,000

Interest revenue                                                   40,000

Loss on sale of investments                        10,000

Loss on debt investments                          160,000

Gain on projected benefit obligation                                  260,000

Cost of goods sold                              4,400,000

Selling expense                                  400,000

Restructuring costs                               190,000

Interest expense                                  20,000

General and administrative expense                 300,000

The loss on debt investments represents a decrease in the fair value of debt securities and is classified as part of other comprehensive income. Rollins had 100,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%.

3) Required: Prepare a 2021 multiple-step income statement for Rollins Inc. with earnings per share disclosure. (4 points)