A hotel has 210 units. All rooms are occupied when the hotel charges $90 per day for a room. For every increase of x dollars in the daily room rate, there are x rooms vacant. Each occupied room costs $ 36 per day to service and maintain. What should the hotel charge per day in order to maximize daily profit?
In: Math
Regarding Anne Moody's autobiography answer the following questions:
Why didn’t more southern blacks join the movement?
2. Why did Anne Moody become a civil rights activist? Was it a case of nature or nurture?
3. What were Anne Moody’s frustrations with the civil rights movement? Why had she become disillusioned by 1963?
4. How has Anne Moody’s autobiography added to your understanding of the history of race relations in the South during the 1940s and 1950s as well as the civil rights movement’s efforts to improved conditions? Be specific.
In: Psychology
Prepare Governmental Activities Journal:
Riverside began work on an outdoor amphitheater and concession stand at the city's park. It is to be financed by a $3,500,000 bond issue and supplemented by a $500,000 General Fund transfer. The following transactions occurred in 2017:
1. The General Fund transferred $500,000 to the Park Building Capital Projects Fund.
2. A contract was signed with Restin Construction Company for the major part of the project on a bid of $2,700,000.
3. Preliminary planning and engineering costs of $69,000 were vouchered for the Great Pacific Engineering Company. (This cost had not been encumbered.)
4. A payable was recorded for an $18,500 billing from the Water and Sewer enterprise fund for the cost of extending water pipes to the new concession stand.
5. An invoice in the amount of $1,000,000 was received from Restin for progress to date on the project.
6. The $3,500,000 bonds were issued at par.
7. The amount billed by the contractor (see Transaction 5) less 5 percent retainage was paid.
8. Temporary investments were purchased at a cost of $1,800,000.
In: Accounting
Please prepare Governmental Activities Journal,
not General Fund.
Riverside began work on an outdoor amphitheater and concession
stand at the city's park. It is to be financed by a $3,500,000 bond
issue and supplemented by a $500,000 General Fund transfer. The
following transactions occurred in 2017:
1. The General Fund transferred $500,000 to the Park Building Capital Projects Fund.
2. A contract was signed with Restin Construction Company for the major part of the project on a bid of $2,700,000.
3. Preliminary planning and engineering costs of $69,000 were vouchered for the Great Pacific Engineering Company. (This cost had not been encumbered.)
4. A payable was recorded for an $18,500 billing from the Water and Sewer enterprise fund for the cost of extending water pipes to the new concession stand.
5. An invoice in the amount of $1,000,000 was received from Restin for progress to date on the project.
6. The $3,500,000 bonds were issued at par.
7. The amount billed by the contractor (see Transaction 5) less 5 percent retainage was paid.
8. Temporary investments were purchased at a cost of $1,800,000.
In: Accounting
alpha lumber co. has the following short-run total
costs:
total explicit cost=$40,000
total implicit cost=$20,000
how profitable (economic profit, normal profit or economic loss) is
the company in each of the following cases:
A. Total revenue=$65,000
B. Total revenue=$60,000
C. Total revenue=$55,000
In: Economics
A survey of 1320 people who took trips revealed that 108 of them included a visit to a theme park. Based on those survey results, a management consultant claims that less than 9 % of trips include a theme park visit. Test this claim using the ?=0.05
significance level.
Find
(a) The test statistic
(b) The P-value
(c) A or B in conclusion
A. There is not sufficient evidence to support the
claim that less than 9 % of trips include a theme park visit.
B. There is sufficient evidence to support the
claim that less than 9 % of trips include a theme park visit.
In: Math
Consider the following “Total Cost” function:
Total Cost = 4Q3 – 204Q2 + 700Q + 2500
a.) Solve for the “inflection point” of this function ( show your work).
b.) Which Q has the LOWEST “Marginal Cost” ( give a numerical answer; briefly
explain how your answer to a.) is relevant).
In: Economics
COST OF PRODUCTION ASSIGNMENT
Total Total Average Average Average
Total Fixed Variable Total Fixed Variable Total Marginal
Product Cost Cost Cost Cost Cost Cost Cost
(Q) (TFC) (TVC) (TFC+TVC) (TFC/Q) TVC/Q) (TC/Q) (DTC)
0 $________ $0 $________ $________ $________ $________ $________
1 $________ $85 $________ $________ $________ $________ $________
2 $________ $125 $________ $________ $________ $________ $________
3 $________ $150 $________ $________ $________ $________ $________
4 $________ $240 $________ $________ $________ $________ $________
5 $________ $350 $________ $________ $________ $________ $________
6 $________ $550 $________ $________ $________ $________ $________
7 $________ $760 $________ $________ $________ $________ $________
1.A firm has fixed costs of $120 and variable costs as indicated on the table above. Complete the table.
2.Graph the Fixed Costs, Variable Costs, and Total Costs.
3.Graph the AFC, AVC, ATC, and MC.
4.How would each curve differ if Fixed Costs were $200 rather than $120.
In: Economics
A manufacturing company produces three products: A, B, and C. The following data is available for the year:
Product A: 10,000 units produced, direct materials cost per unit $5, direct labor cost per unit $10, manufacturing overhead cost per unit $8.
Product B: 5,000 units produced, direct materials cost per unit $8, direct labor cost per unit $12, manufacturing overhead cost per unit $10.
Product C: 3,000 units produced, direct materials cost per unit $12, direct labor cost per unit $15, manufacturing overhead cost per unit $12.
The company had total manufacturing overhead costs of $80,000 for the year. Using activity-based costing (ABC), calculate the total cost of producing each product, including both direct and indirect costs.
In: Accounting
(8-3)
[The following information applies to the questions
displayed below.]
In January 2017, Mitzu Co. pays $2,700,000 for a tract of land with
two buildings on it. It plans to demolish Building 1 and build a
new store in its place. Building 2 will be a company office; it is
appraised at $678,500, with a useful life of 20 years and a $75,000
salvage value. A lighted parking lot near Building 1 has
improvements (Land Improvements 1) valued at $501,500 that are
expected to last another 17 years with no salvage value. Without
the buildings and improvements, the tract of land is valued at
$1,770,000. The company also incurs the following additional
costs:
| Cost to demolish Building 1 | $ | 341,400 | |
| Cost of additional land grading | 187,400 | ||
| Cost to construct new building (Building 3), having a useful life of 25 years and a $402,000 salvage value | 2,202,000 | ||
| Cost of new land improvements (Land Improvements 2) near Building 2 having a 20-year useful life and no salvage value | 173,000 | ||
Required:
1. Allocate the costs incurred by Mitzu to the appropriate columns and total each column.
2. Prepare a single journal entry to record all the incurred costs assuming they are paid in cash on January 1, 2017.
3. Using the straight-line method, prepare the December 31 adjusting entries to record depreciation for the 12 months of 2017 when these assets were in use.
In: Accounting