Katherine has an estimated Cobb-Douglas utility function of U = q1^0.25q2^0.75 for food, q1, and housing, q2. The price for food is arbitrarily set at $1 per unit and the average monthly rent near the University of Chicago , p2, is a dollar fifty per square foot. Caroline, like the average University of Chicago student spend $750 on food and housing per month.

     (a) Using calculus, solve for Katherine's optimal quantities of housing and food. Provide the marginal utility of income.

     (b) What is Katherine's utility at the optimal bundle?

     (c) Due to panic buying and logistical difficulties due to the coronavirus, suppose the per-unit price of food increases by 25% (p1= $1.25), what is Katherine's new utility facing this price increase?

     (d) How much money would Katherine need to completely offset the harm from the price increase?

     (e) How much money would one have to take from Katherine to harm her as much as the price increase?

Suppose SFU has figured out a way to deliver the lectures all around the world in a way that creates a demand for their lectures because in some way they're better than the lectures that you could get from other universities. They evaluate the demand in Korea and demand in Germany. The demands are as follows:

PK = 5,000 – 0.5QK

PG = 3,000 – 0.5QG

where PK and PG are the prices per course (per student) in Korea and Germany, respectively, and QK and QG are the number of students in Korea and Germany willing to enroll at those prices, respectively.

The cost of online delivery is C = 1,800Q, where Q is the total number of students enrolled (i.e., Q = QK + QG).

But the university probably would get the idea that it's not that difficult to distinguish students in Germany from students in Korea by checking, for instance, their citizenship documents when they register for the course and/or checking the location of their ISP (i.e., the university could solve the identification problem on the group level, i.e., tell whether a student is in Germany or in Korea and the university does not really face an arbitrage problem).

SFU decides to practice the 3rd degree (linear) price discrimination.

6. What price would SFU charge in Germany?

7. What price would SFU charge in Korea?

8. What would be their online enrollment in Korea?

9. What would be their online enrollment in Germany?

10. What would be their total online enrollment?

11. What would be the combined surplus in all the markets? I.e., what is the sum of the consumer surplus in Korea, consumer surplus in Germany, and SFU’s producer surplus from selling the instruction in both countries?

Additional information:

Calculate all possible liquidity, solvency, and profitability ratios for 2021. (Round answers for Collection period, Days sales in inventory, Operating cycle and Free cash flow to 0 decimal places, e.g. 125. Round answer for Earnings per share to 2 decimal places, e.g. 12.56. Round all other answers to 1 decimal place, e.g. 12.5 or 12.5%. )

The Angela’s home cleaning ltd provides home cleaning services. The following is the 1 March 2020 Trial Balance (TB). The company has not made all the March entries but the required info is given below. You will be asked to update the accounts as at 31 March 2020.

angela’s Cleaning COMPANY

Angela’s

Unadjusted Trial Balance

1 March 2020

            Cash...................................................................................... $ 5,700

            Accounts receivable...........................................................      1,800

            Cleaning supplies...............................................................         800

            Accounts payable...............................................................                              300

            Dividend payable................................................................                              500

            Dividends ............................................................................         500                                 Capital Stock ...............................................................................................      6,000

            Retained earnings...............................................................                           1,400

            Client revenue.....................................................................                           5,800

            Salaries expense................................................................      3,100

            Travel expense....................................................................      1,500

            Printing expense ................................................................         600

                                                                                                             $14,000       $14,000

the following transaction happened in march

1. Mar 10 Purchased a car for the business. Paid cash amounting to USD4,000
2. Mar 10 -Decided to give to its senior director gym membership for 12 months starting 1 Mar for USD600 for the year. This was paid on 10 March.
3. Mar. 15. Collected USD600 from client recorded on accounts receivable
4. Mar. 16 Issued shares for USD2,000
5. Mar. 16 Purchased cooking supplies for USD600 and paid for it via notes payable. The notes payable is due in 6 months time at interest rate of 4%.

ADJUSTING ENTRIES

6. Mar 31 Made an accrual for staff bonuses of USD1,000 payable in April.
7. Mar 31 Billed home owners on sales of USD2,000 and the amount if due in May 2020
8. Mar 31 Recorded and paid Mar salaries of USD700
9. Mar 31 Made an accrual for tax of USD400 and March telephone bill for USD120 .
10. Mar 31 wrote off bad debts of USD50 in accounts receivable.
11. Mar 31- Record interest for notes payable – item 5

Instructions

1. For each of the above data prepare journal entries and show the T accounts. 15%
2. Prepare a new trial balance after including these additional adjusting entries. 10%
3. Prepare an income statement 10%
4. Prepare a balance sheet 10%

Please show any working where required.

Eva received $57,000 in compensation payments from JAZZ Corp. during 2020. Eva incurred $8,000 in business expenses relating to her work for JAZZ Corp. JAZZ did not reimburse Eva for any of these expenses. Eva is single and she deducts a standard deduction of $12,400. Based on these facts, answer the following questions: Use Tax Rate Schedule for reference. (Leave no answer blank. Enter zero if applicable.)

Problem 8-68 Part a (Algo)

a. Assume that Eva is considered to be an employee. What amount of FICA taxes is she required to pay for the year? (Round your final answer to the

Amount of FICA taxes?_________

c. Assume that Eva is considered to be a self-employed contractor. What is her self-employment tax liability and additional Medicare tax liability for the year? (Round your intermediate computations & final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.)

Self Employment tax liability?______

Additional Medicare Tax Liability?_____

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Rasheed works for Company A, earning $382,000 in salary during 2020.

Assuming he is single and has no other sources of income, what amount of FICA tax will Rasheed pay for the year? (Round your intermediate and final answer to the nearest whole dollar amount.)

Amount of FICA TAX?_________

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Carol works for ABC Company and earned $66,000 for the entire year 2018. How much in FUTA tax is her employer required to withhold in her name? Assume that the employer receives the maximum credit for state unemployment taxes.

Multiple Choice

A.$49.40.

B.$0.

C.$450.00.

D.$42.00.

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Alice is single and self-employed in 2020. Her net business profit on her Schedule C for the year is $184,000.

What is her self-employment tax liability and additional Medicare tax liability for 2020? (Round your final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.)

Self Employment tax liability?______

Additional Medicare Tax Liability?_____

Seahawks’ Touchdowns, Inc. reported the following on its December 31, 2019 balance sheet (000’s omitted):

Accounts Receivable, net of allowance for doubtful accounts of $462                           $1,788

The company makes its adjusting entry for bad debts at the end of the year. During 2020, cash collections were $3,432. In addition, $368 in accounts receivable were written off and $3 was collected from an account written off in 2018. An aging of accounts receivable reveals the following:

Show your work and highlight your answer. T-accounts are included above if needed.

A. What were credit sales during 2020? _________________________

The next two questions are independent of each other.

B. If the company records bad debts based on the aging analysis, what is the 12/31/20 adjusting entry? NRV of A/R? Show your work and highlight your answers.

Adjusting Journal Entry:

Net Realizable Value of Accounts Receivable 12/31/20: _________________________

C. If the company records bad debts as 12.0% of credit sales, what is the 12/31/20 adjusting entry? NRV of A/R? Show your work and highlight your answers.

Adjusting Journal Entry:

Net Realizable Value of Accounts Receivable 12/31/20: _________________________

Marketing Scenario

You are the director of marketing for a company based out of Chicago IL and your firm sells custom-built athletic braces for college and pro athletes. The company wants to expand your customer base into senior citizens and begins to design and sell a new knee brace that will help older folks.

1. The new brace goes on sale JULY 1st 2020. Your company advertises on social media, their website, and senior citizens can buy the brace at local retailers like Target or Wal-Mart. The prices range from $19.99 to $34.99

2. Your company's key marketing message during the product launch is this: "Golden Brace is made for seniors who need additional support to stay active! We care about you!"

3. On September 1st 2020, your social media platform is flooded with complaints that the brace is starting to shred or fall apart after repeated use. Thankfully no person has been injured but a few customers are upset and they are sounding off.

4. Your boss tells you that they were aware of a possible manufacturing defect but decided to let it go. In addition, you are told that the marketing for the brace never stated that it should be worn all the time...only when senior citizens were choosing to be active.

5. Your boss finally tells you that it is YOUR JOB to find a solution. If not, you may be replaced.

So....

1. What is your DETAILED solution to the problem?

2. What is ethically wrong in this scenario?

**SHOW ALL WORK IN EXCEL QM**

Problem-4:

Every home football game for the past eight years at Eastern State University has been sold out. The revenues from ticket sales are significant, but the sale of food, beverages, and souvenirs has contributed greatly to the overall profitability of the football program. One particular souvenir is the football program for each game. The number of programs sold at each game is described by the following probability distribution:

Historically, Eastern has never sold fewer than 2,300 programs or more than 2,700 programs at one game. Each program costs $0.80 to produce and sells for $2.00. Any programs that are not sold are donated to a recycling center and do not produce any revenue.

1. Simulate the sales of programs at 10 football games. Use the random number table.
2. If the university decided to print 2,500 programs for each game, what would the average profits be for the 10 games simulated in part (a)?
3. If the university decided to print 2,600 programs for each game, what would the average profits be for the 10 games simulated in part (a)?

Turn the following into a structured informative abstract.

Metalinguistic awareness contributes to effective writing at university. Writing is a meaning-making process where linguistic, cognitive, social and creative factors are at play. University students need to master the skills of academic writing not only for getting their degree but also for their future career. It is also significant for lecturers to know who our students are, how they think and how we can best assist them. This study examines first-year undergraduate Australian and international engineering students as writers of academic texts in a multicultural setting at the University of Adelaide. A questionnaire and interviews were used to collect data about students’ level of metalinguistic awareness, their attitudes toward, expectations for, assumptions about and motivation for writing. The preliminary results of the research show that students from different cultures initially have different concepts about the academic genres and handle writing with different learning and writing styles, but those with a more developed metalanguage are more confident and motivated. The conclusion can also be drawn that students’ level of motivation for academic writing positively correlates with their opinion about themselves as writers. Following an in-depth multi-dimensional analysis of preliminary research results, some recommendations for writing instruction will also be presented.