Exercise 14-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2

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Section BreakExercise 14-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2

4.

value:
3.12 points

Required information

Exercise 14-8 Part 1

A hypothetical economy produces two goods: Capital goods and Consumer good. Provide its resource limit, the economy is able to produce any of the following combinations of capital ad consumer goods.

1. Using the data above, graph the PPC
2. Comment on the nature of opportunity cost (i.e. Increasing, decreasing, or a constant opportunity cost?)
3. Depict the inefficient, unattainable and efficient points of production for this economy.
4. What is the opportunity cost of producing 500 units of capital goods?
5. Consider the economy’s production possibility capacity for the combinations of capital goods (K) and Consumer goods ( C) is given by: C=10-X³/4. Give this, draw the Production Possibility Frontier for this economy and identify if the economy is operating an increasing, decreasing or constant opportunity cost. Support your argument with proof

Total Demand for Private Goods vs Public Goods.

Consider the following individual demand functions:

Q₁ = 10 – P               Q₂ = 8 – P                  Q₃ = 7 - P

Rival & Excludable

1. Complete the following table assuming the product is rival and excludable:

WTP= willing to pay

Nonrival & Nonexcludable

2. If the above product becomes a public good, calculate the total demand for the product and complete the following table:

Are luxury good inferior goods? Why lower price luxury goods will not attract people? Can you use graph to explain?

In an amusement park ride called The Roundup, passengers stand inside a 19.0 m -diameter rotating ring. After the ring has acquired sufficient speed, it tilts into a vertical plane

a)Suppose the ring rotates once every 4.50 s . If a rider's mass is 55.0 kg , with how much force does the ring push on her at the top of the ride?

b)Suppose the ring rotates once every 4.50 s . If a rider's mass is 55.0 kg , with how much force does the ring push on her at the bottom of the ride?

c)What is the longest rotation period of the wheel that will prevent the riders from falling off at the top?

In an online viral video, a truck rolls down an incline and off a vertical cliff, falling into a valley below. The truck starts from rest and rolls down the incline, which makes an angle of 21.0° below the horizontal, with a constant acceleration of 3.37 m/s². After rolling down the incline a distance of 30.0 m, it reaches the edge of the cliff, which is 35.0 m above ground level.

How much time (in s) does it take the truck to fall from the edge of the cliff to the landing point? _____

At the point where the truck crashes into the ground, how far is it horizontally from the edge of the cliff (in m)? _____

Hampton Industries had $71,000 in cash at year-end 2018 and $22,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $280,000 — the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$240,000. Round your answers to the nearest dollar, if necessary.

1. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign.

   $  

2. If accruals increased by $20,000, receivables and inventories increased by $155,000, and depreciation and amortization totaled $9,000, what was the firm's net income?

   $  

1. We are living in interesting times.  Over the past 2 weeks, the S&P 500 Index has dropped over 10%.  At the same time, the short-end of the U.S. Treasury yield curve is approaching zero and long-dated yields are at all-time lows. Please evaluate the dynamics of this situation.  If the risk-free rate is falling, why aren’t asset prices increasing?  How would you describe the flow of funds and the direction of causality?  What does CAPM say about equity beta (β) in the current environment?  What predictions can you make based upon the current U.S. Treasury yield curve?

1. True or False: The central limit theorem justifies the common assumption that the distribution of a
product’s parameters is normal.

2. True or false: An X bar chart with points falling above the upper control limit is in control.

3.True or False: One or more points that fall outside control limits indicates that a process is NOT capable

4. One-third of the units produced by a particular process step do not meet customer-specific tolerances.
Which of the following statements, in the language of SPC, is true?
__a. The process is in control.
__b. The process is out of control.
__c. The process is capable.
__d. The process is not capable.
__e. None of the answers are correct.