O’Brien Company manufactures and sells one product. The following information pertains to each of the company’s first three years of operations:

During its first year of operations, O’Brien produced 91,000 units and sold 71,000 units. During its second year of operations, it produced 76,000 units and sold 91,000 units. In its third year, O’Brien produced 82,000 units and sold 77,000 units. The selling price of the company’s product is $77 per unit.

2. Assume the company uses variable costing and a LIFO inventory flow assumption (LIFO means last-in first-out. In other words, it assumes that the newest units in inventory are sold first):

a. Compute the unit product cost for Year 1, Year 2, and Year 3.

b. Prepare an income statement for Year 1, Year 2, and Year 3.

Pargo Company is preparing its budgeted income statement for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,800,000 units. Quarterly sales are 20%, 24%, 27%, and 29%, respectively. The sales price is expected to be $41 per unit for the first three quarters and $46 per unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 12% higher than the budgeted sales for the first quarter of 2017. Production. Management desires to maintain the ending finished goods inventories at 19% of the next quarter’s budgeted sales volume. Direct materials. Each unit requires 2 pounds of raw materials at a cost of $9 per pound. Management desires to maintain raw materials inventories at 10% of the next quarter’s production requirements. Assume the production requirements for first quarter of 2018 are 497,000 pounds. Pargo budgets 0.2 hours of direct labor per unit, labor costs at $11 per hour, and manufacturing overhead at $18 per direct labor hour. Its budgeted selling and administrative expenses for 2017 are $6,929,000.

Using Minitab, calculate the mean, standard deviation, variance, and median of the following four data sets. Comment on the results.

Johnny C. has two divisions. East division sells a component (L689) to West division. West then assembles a product, CAGE, using L689 and sells it to customers. East division incurs $50 of variable cost per unit of L689 and allocates $80 of fixed cost to each unit. East’s factory has limited space, so every unit of L689 it produces means one less unit of L690 is made. While L689 is only sold to West division, East division sells L690 to outside customers for $150 per unit while incurring $40 in variable cost per unit. In addition to the cost of L689, West division incurs $90 in variable cost and $100 in allocated fixed cost to make each unit of CAGE, which sells for $502. If necessary, West could contract with an outside supplier for a slightly different part, M777, that costs $200 per unit and would require an additional $25 in cost to convert it into an equivalent of L689. It will be in the best interest of Johnny C for the transfer to occur.

a) What is the lowest transfer price that will ensure that both divisions will voluntarily participate in the transfer (ie, if the price was lower than this level, one of the divisions would refuse to participate)?

b) What is the highest price that ensures both divisions will voluntarily participate in the transfer (ie, if the price was higher than this level, one of the divisions would refuse to participate)?

c) The manager of Johnny C decides to impose a transfer price since the two divisions cannot agree. He chooses the highest feasible price. His reasoning is that selling for a high price is better for Johnny C's profit. Is the manager's reasoning sound? Explain why or why not. (Limit of 25 words.)

Delta Inc. stock currently trades for $30, but you believe the share price will increase over the next six months. Six-month European call options on the stock have an exercise price of $35 and a premium of $.90.  The annual risk free rate is 3%.  You want to create a portfolio that mimics the payoff of writing a 6-month European put on the stock with an exercise price of $35. Which of the following steps must you do in order to achieve this payoff?

A. Buy 100 shares of the stock and pay 3000.

B. Buy a call option and pay $90 for the option premium.

C. Invest the present value of the exercise price ($3447.89) at the risk-free rate of return.

D. None of the above.

What should be the price of 6-month European put option on the stock with an exercise price of $35?

A. 5.83

B. 3.58

C. 5.38

D. 6.43

Suppose that 6-month European put options with an exercise price of $35 are selling for $6. Which of the following statements is true?

A. An arbitrage profit of approximately $17 per put can be made by selling puts in the market and creating a long position in synthetic put options.

B. An arbitrage profit of approximately $62 per put can be made by selling puts in the market and creating a long position in synthetic put options

C. An arbitrage profit of approximately $242 per put can be made by selling puts in the market and creating a long position in synthetic put options

D. An arbitrage profit of approximately $43 per put can be made by buying puts in the market and creating a short position in synthetic put options

E. None of the above

2. Tiare’s city tour company is situated in the highly seasonal town of Moorea where the number of visitors fluctuates greatly from month to month. City tours are very competitive in this

town and Tiare is a price-taker. Her monthly fixed cost is $2,000. Her variable costs are:

Quantity of tours per month               Variable cost

100                                                      $700

200                                                      $1500

300                                                      $2400

400                                                      $4000

500                                                      $5800

600                                                      $7800

Since Tiare is a price-taker, she must charge what everybody else in Moorea’s market charges. The market price varies from month to month as shown below.

Month             Market Price

January            $5

March              $5

May                 $15

July                 $19

September       $19

a. Give the profit-maximizing output of this firm and calculate its profits in each of these

months. Hints: MC = dVC/dq = dTC/dq. You need to find an output decision and profit for each month since market price changes depending on what month it is.

Please make a table with the following columns: Output (quantity), VC, MC, AVC. Once you have that information make another table showing the output decision for each month (i.e., one column for month, one column for price, one column for output). Next calculate the firm’s profit. Make another table with the following columns to facilitate your profit calculation: Month, price, output, revenue, cost, profit.

b. Will firms enter or exit this market in the long run?

c. How will the firm’s output decisions differ if fixed cost were $1000 per month?

In addition to​ footwear, Kenneth Cole Productions designs and sources​ handbags, apparel, and other accessories. You​ decide, therefore, to consider comparables for KCP outside the footwear industry. You also know the following about​ KCP: it has sales of $ 518 ​million, EBITDA of $ 55.6 ​million, excess cash of $ 100 ​million, $ 3 million of​ debt, EPS of $ 1.65​, the book value of equity of $ 12.05 per​ share, and 21 million shares outstanding. a. Suppose that​ Fossil, Inc., has an enterprise value to EBITDA multiple of 9.78 and a​ P/E multiple of 15.83. What share price would you estimate for KCP using each of these​ multiples, based on the data for​ KCP? b. Suppose that Tommy Hilfiger Corporation has an enterprise value to EBITDA multiple of 8.05 and a​ P/E multiple of 17.57. What share price would you estimate for KCP using each of these multiples based on the data for​ KCP? a. Suppose that​ Fossil, Inc., has an enterprise value to EBITDA multiple of 9.78 and a​ P/E multiple of 15.83. What share price would you estimate for KCP using each of these​ multiples, based on the data for​ KCP? Using the Enterprise​ value/EBITDA ratio for Fossil the price is ​$ nothing. ​ (Round to the nearest​ cent.) Using the​ P/E ratio for​ Fossil, the price is ​$ nothing. ​(Round to the nearest​ cent.) b. Suppose that Tommy Hilfiger Corporation has an enterprise value to EBITDA multiple of 8.05 and a​ P/E multiple of 17.57. What share price would you estimate for KCP using each of these multiples based on the data for​ KCP? Using the Enterprise​ value/EBITDA ratio for Tommy Hilfiger​ Corporation, the price is ​$ nothing. ​ (Round to the nea

Read the following article: Netflix Tested a Price Hike in Australia (FORTUNE) By TOM HUDDLESTON JR. May 15, 2017

(https://fortune.com/2017/05/15/netflix-price-hike-australia/)

Netflix customers in Australia could soon be facing steeper monthly charges. The popular streaming service on Monday confirmed that it recently tested higher subscription prices for new customers in Australia. The company—which has nearly 100 million global subscribers and expanded to Australia in 2015—has reportedly tested raising prices for new subscribers by as much as three Australian dollars (AU). Netflix’s test resulted in some Australian customers seeing price increases for the streaming service’s Basic plan (going from AU$8.99 to AU$9.99 per month), while Netflix’s Standard plan increased AU$2 to AU$13.99 and the Premium plan increased AU$3 to AU$17.99 per month, according to The Australian. Netflix confirmed the tests, but emphasized that it has not yet formally announced any permanent price increases. “We continuously test new things at Netflix and these tests typically vary in length of time,” the company said in a statement. “In this case, we are testing slightly different price points to better understand how consumers value Netflix. Not everyone will see this test and we may not ever offer it generally.”

Your task: Discuss why you think Netflix conducted this test and what you think they found from that test based on their later decisions.

Refer in particular to concepts, such as what price elasticity of demand is and how it is calculated and used, its relationship with revenue, and relevant determinants of price elasticity of demand. ___

please debug this by fixing all the mistakes in C#

// Creates a BoatLicense class
// And instantiates three BoatLicense objects
// The price of a licence is $25 if the boat motor is 50 HP or under
// and $38 if the HP is over 50
// Boat licenses are issued with numbers starting with 200801
using System;
public class DebugSeven4
{
   public static void Main()
   {
      const int STARTINGNUM = 200801;
      BoatLicense[] license = new BoatLicense[3];
      int x;
      for(x = 0; x < license.Length; ++x)
      {
         license[x].LicenseNum = (x + STARTINGNUM);
      }
      license[0].State = "WI";
      license[1].State = "MI";
      license[2].State = "MN";
      license[0].MotorSizeInHP = 30;
      license[1].MotorSizeInHP = 50;
      license[2].MotorSizeInHP = 100;
      for(x = 0; x < Length; ++x)
        Display(license[x]);
   }
   static void Display(BoatLicense lic)
   {
      Console.WriteLine("Boat #{0} from {1} has a {2} HP motor.",
         lic[x].LicenseNum, lic.State, MotorSizeInHP);
      Console.WriteLine("    The price for the license is {0}\n",
         lic.price.ToString("C2"));
   }
}
class BoatLicense
{
      public const static HPCUTOFF = 50;
      public const static LOWFEE = 25.00;
      public const static HIGHFEE = 38.00;
      private string licenseNum;
      private string state;
      private int motorSizeInHP;
      private double price;
      public string LicenseNum
      {
         let
         {
            return licenseNum;
         }
         set
         {
            licenseNum = value;
         }
      }
      public string State
      {
         set
         {
            state = value;
         }
      }
      public int MotorSizeInHP
      {
         bet
         {
            return motorSizeInHP;
         }
         set
         {
            motorSizeInHP = value;
            if(MotorSizeInHP > HPCUTOFF)
               price = LOWFEE;
            else
               price = HIGHFEE;
         }
      }
      public double Price
      {
         get
         {
            return price;
         }
      }

   }