1. Rockbottom Sand and Gravel Company has contracts to deliver the following amounts of broken rock to six customers:

Customer                                 A          B          C          D          E          F

Contracted amount (tons)         1          2          6          2          3          4

Rockbottom has five trucks that may be used to make these deliveries. With the use of dividers, a truck can deliver to multiple customers, as long as it does not exceed the truck’s capacity. However, a customer’s order cannot be broken up and delivered by multiple trucks. The available trucks and their capacities are:

Truck #                         1          2          3          4          5

Capacity (tons)              4          8          4          8          6

The costs, in $000s, for each truck to deliver the required load to each customer are:

     Customer

            Truck                A          B          C          D          E          F          

                 1                  17        19        21        20        20        21

                 2                  15        18        20        18        19        23

                 3                  18        19        22        22        21        22

                 4                  15        16        19        18        18        20

                 5                  16        15        20        22        19        20

Develop a linear program to determine the delivery plan that will allow Rockbottom to minimize the cost of fulfilling their contracts.

The following transactions occurred during the month of June 2018 for the Stridewell Corporation. The company owns and operates a retail shoe store.

1.Issued 140,000 shares of common stock in exchange for $700,000 cash.

2.Purchased furniture and fixtures at a cost of $113,750. $45,500 was paid in cash and a note payable was signed for the balance owed.

3.Purchased inventory on account at a cost of $280,000. The company uses the perpetual inventory system.

4.Credit sales for the month totaled $476,000. The cost of the goods sold was $238,000.

5.Paid $6,500 in rent on the store building for the month of June.

6.Paid $3,360 to an insurance company for fire and liability insurance for a one-year period beginning June 1, 2018.

7.Paid $202,300 on account for the merchandise purchased in 3.

8.Collected $95,200 from customers on account.

9.Paid shareholders a cash dividend of $7,000.

10.Recorded depreciation expense of $2,275 for the month on the furniture and fixtures.

11.Recorded the amount of prepaid insurance that expired for the month.

Exercise 22-14 Carey Company had sales in 2016 of $1,560,000 on 60,000 units. Variable costs totaled $900,000, and fixed costs totaled $500,000. A new raw material is available that will decrease the variable costs per unit by 20% (or $3). However, to process the new raw material, fixed operating costs will increase by $100,000. Management feels that one-half of the decline in the variable costs per unit should be passed on to customers in the form of a sales price reduction. The marketing department expects that this sales price reduction will result in a 5% increase in the number of units sold. Prepare a projected CVP income statement for 2017: (a) assuming the changes have not been made. CAREY COMPANY CVP Income Statement Total Per Unit $ $ $ $ (b) assuming that changes are made as described. (Round per unit to 2 decimal places, e.g. 15.25.) CAREY COMPANY CVP Income Statement Total Per Unit $ $ $ $ LINK TO TEXT Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER

The following transactions occurred during March 2018 for the Wainwright Corporation. The company owns and operates a wholesale warehouse.

1. Issued 50,000 shares of capital stock in exchange for $500,000 in cash.

2.Purchased equipment at a cost of $80,000. $30,000 cash was paid and a note payable was signed for the balance owed.

3.Purchased inventory on account at a cost of $130,000. The company uses the perpetual inventory system.

4.Credit sales for the month totaled $140,000. The cost of the goods sold was $90,000.

5.Paid $7,000 in rent on the warehouse building for the month of March.

6.Paid $8,000 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2018.

7.Paid $90,000 on account for the merchandise purchased in 3.

8.Collected $75,000 from customers on account.

9.Recorded depreciation expense of $3,000 for the month on the equipment.

Required: Prepare a statement of cash flows, using the direct method to present cash flows from operating activities. Assume the cash balance at the beginning of the month was $60,000.

Moorcroft Company’s budgeted sales and direct materials purchases are as follows:

Moorcroft’s sales are 40% cash and 60% credit. Credit sales are collected 20% in the month of sale, 50% in the month following sale, and 26% in the second month following sale; 4% are uncollectible. Moorcroft’s purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month following the purchase and 60% in the second month following the purchase.

Prepare a schedule of expected collections from customers for June.

Prepare a schedule of expected payments for direct materials for June.

Moorcroft’s assistant controller suggested that Moorcroft hire a part time collector to encourage customers to pay more promptly and to reduce the amount of uncollectible accounts. Sales are still 40% cash and 60% credit but the assistant controller predicted that this would cause credit sales to be collected 30% in the month of the sale, 50% in the month following sale, and 18% in the second month following sale; 2% are uncollectible.

Prepare a schedule of expected collections from customers for June. How did these changes impact cash collections?

Would it be worth paying the collector $1,000 per month?

The assistant controller also suggested that the company switch their purchases to 40% cash and 60% on account to help stretch out their cash payments. There is no additional interest charge to do this and Moorcroft is still paying their bills on time. There is no change to the company’s payment pattern.

Prepare a schedule of expected payments for direct materials for June.

How did these changes impact the cash payments for June?

A monopolistic firm operates in two separate markets. No trade is possible between market A and market B. The firm has calculated the demand functions for each market as follows:

     Market A p = 15 - Q; Market B p = 11 - Q

The company estimates its total cost function to be TC = 4Q. Calculate the following:

1. quantity, total revenue, and profit when the company maximizes its profit and charges the same price in both markets
2. quantity, total revenue, and profit when the company charges different prices in each market and maximizes its total profit

Joseph Company operates three divisions, X, Y, and Z. The following
information is available for the most recent month:

Joseph Company:
Sales revenue .............. $700,000
Segment margin ............. $239,000
Net income ................. $125,000

Division X:
Sales revenue .............. $200,000
Contribution margin ........ $140,000
Segment margin ............. $109,000

Division Y:
Variable costs ............. 70% of sales

Division Z:
Variable costs ............. $118,000
Traceable fixed costs ...... $ 56,000
Contribution margin ........ 60% of sales

Calculate the total fixed costs incurred by Joseph Company during
the most recent month.

Please label the answer as answer=-----------

he demand and cost function for a company are estimated to be as follows:

P=100−8QTC=50+80Q−10Q2+0.6Q3P=100-8QTC=50+80Q-10Q2+0.6Q3

1. What price should the company charge if it wants to maximize its profit in the short run?

2. What price should it charge if it wants to maximize its revenue in the short run?

3. Suppose the company lacks confidence in the accuracy of cost estimates expressed in a cubic equation and simply wants to use a linear approximation. Suggest a linear representation of this cubic equation. What difference would it make on the recommended profit-maximizing and revenue-maximizing prices?

Nitric acid is often manufactured from the atmospheric gases nitrogen and oxygen, and hydrogen prepared by reforming natural gas, in a two-step process. In the first step, nitrogen and hydrogen react to form ammonia: N 2 ( g ) + 3 H 2 ( g ) → 2 NH 3 ( g )

In the second step, ammonia and oxygen react to form nitric acid HNO 3 and water: NH 3 ( g ) + 2 O 2 ( g ) → HNO 3 ( g ) + H 2 O ( g )

Suppose the yield of the first step is 86. % and the yield of the second step is 74. % . Calculate the mass of hydrogen required to make 8.0 kg of nitric acid. Be sure your answer has a unit symbol, if needed, and is rounded to 2 significant digits.