Question is the following: Arena advertising: Burger Bills, a national fast food restaurant, purchases advertising rights to advertise in-ice during hockey games at Jensen Arena. Recall that Jensen Arena is still owned by the town of Springfield. In exchange for $60,000 per season, Burger Bills's logo will be displayed in the center ice for all games held at the Arena for 2 consecutive seasons. Burger Bill must pay for this rights at the beginning of each season. Four logos are displayed in the center ice at any given time., and Burger Bill's logo will be displayed per the contract in the upper-right location. 1.You will need to decide if the agreement meets the scope of the lease topic before you will decide how it should be recognized. 2. How should Burger Bills account for the advertising rights? 3. How should Jensen Arena account for the advertising rights? Note: This question I asked you before and somebody answered with journal entry back, but this question is an accounting research and is not necessarily required a journal entry, but it is required an appropriate related Codification citation paragraph to support each answer specially, (scope and recognition).

Rose is a police officer who must decide whether to search for known robber and wanted suspect, Colin, or patrol the streets on traffic duty. Colin must decide between staying out of sight and continue prowling the streets and committing crimes. Rose’s payoff for patrolling the streets on traffic duty is 10 (utility) units, while her payoff for looking for Colin depends on whether she catches him. If Colin prowls the streets when Rose is looking for him, then she will certainly catch him and she will obtain a payoff of 25 (utility) units. (The significant increase in payoff units comes from the benefit of getting Crimin’ Colin off of the streets and the fame that results from being the officer responsible for the take down.) If Colin is caught by Rose, then will result in a payoff of -20 units for Colin. If Colin prowls the streets while Rose is on traffic duty, then she will not catch him and he has his run of the town, obtaining a payoff of 20 units. If Colin is hiding while Rose is looking for him, then she will not catch him and her payoff will be 0 units. If Colin stays hidden, then his payoff is 0 units.

2. From a sample of size 250, number of females is 173. What is the point estimate of population proportion? Provide an answer with 3 decimal points.

3. Which one is the point estimate of population mean? a. sample mean b. sample proportion c. sample median d. sample maximum

4. A survey of 1,206 people asked: “What would you do with an unexpected tax refund?” Forty-seven percent responded that they would pay off debts (Vanity Fair, June 2010). if the population size is 5000, then write down the upper bound of 95% confidence interval of the population proportion.

5. An article in the National Geographic News (“U.S. Racking Up Huge Sleep Debt,” February 24, 2005) argues that Americans are increasingly skimping on their sleep. A researcher in a small Midwestern town wants to estimate the mean weekday sleep time of its adult residents. He takes a random sample of 80 adult residents and records their weekday mean sleep time as 6.4 hours. Assume that the population standard deviation is fairly stable at 1.8 hours. Write down the upper bound of 95% confidence interval.

This week you will explore descriptive statistics. You may not have noticed how often you

are presented with statistics in the media and in everyday conversations. It is common for people to make

statements like “Statistics show that… [insert claim].”

You are surrounded by statistics every day. You see them on news shows, hear them on the radio, read about them in magazines, newspaper and the internet.

Tell about two that you have seen recently. Write if you think if the statistic was based on a biased or unbiased sample.

A sample is biased if it systematically favors some outcome over others.

Example: A toothpaste advertisement states that 3 or 4 people prefer their product. This could be a biased survey, one that is not based on a random sample. They could have asked exactly 4 people about their product.

An unbiased sample accurately represents the population. Each member of the population is equally to be chosen

A person wants to find out how many people prefer chocolate of vanilla ice cream. To get an unbiased sample, she would pick out a few of the ice cream shops in her town and survey people leaving the establishment.

Problem 2: Bertrand or Monopoly? How can you tell?

After your time in Collegeville, you move on to Adultville - a much bigger town. You are again the economic advisor to the mayor of Adultville. You see that in Adultville there is only one firm selling widgets, and that

Q = 25, P= 20, and ϵ = −2.

You also know (from your predecessor) that demand is linear,

Q = A − BP,

and that the technology for producing widgets in Adultville is linear, or that marginal costs are constant,

mc = c.

Also, there are no other costs of production, such as licensing fees. You are naturally concerned!

Part 1: Suppose you believe that the widgets seller is a monopolist. What is her markup? Specifically, what is P − mc?

Part 2: Suppose you believe that the widgets seller is a Bertrand competitor. Can you say something about the seller’s markup (P - mc)?

a. No, this gives no information on her markup

b. Yes, her markup is at least $6

c. Yes, her markup is $0

d. Yes, her markup is at most $12

e. Yes, her markup is at most $20

f. Yes, her markup is $10

The Chocolate Ice Cream Company and the Vanilla Ice Cream Company have agreed to merge and form Fudge Swirl Consolidated. Both companies are exactly alike except that they are located in different towns. The end-of-period value of each firm is determined by the weather, as shown below. There will be no synergy to the merger.

The weather conditions in each town are independent of those in the other. Furthermore, each company has an outstanding debt claim of $500,000. Assume that no premiums are paid in the merger.

a. What are the possible values of the combined company?

b. What are the possible values of end-of-period debt and stock after the merger?

c. How much do stockholders and bondholders each gain or lose if the merger is undertaken?

To what degree does the age profile of Hillsboro County resemble the overall age profile demographic of the United States? Which towns in the county are the oldest and the youngest? (The overall age profile demographic in the United States is 37.9 years.

2. Island Water Sports is a business that provides rental equipment and instruction for a variety of water sports in a resort town. On one particular morning, a decision must be made of how many Wildlife Raft Trips and how many Group Sailing Lessons should be scheduled. Each Wildlife Raft Trip requires one captain and one crew person, and can accommodate six passengers. The revenue per raft trip is $120. Ten rafts are available, and at least 30 people are on the list for reservations this morning. Each Group Sailing Lesson requires one captain and two crew people for instruction. Two boats are needed for each group. Four students form each group. There are 12 sailboats available, and at least 20 people are on the list for sailing instruction this morning. The revenue per group sailing lesson is $160. The company has 12 captains and 18 crew available this morning. Develop the linear programming problem and solve the linear programming model to maximize the number of customers served while generating at most $1800 in revenue and honoring all reservations. (Hint: You need 2 decision variables to develop this LP problem.)

Young screenwriter Carl Draper has just finished his first script. It has action, drama, and humor, and he thinks it will be a blockbuster. He takes the script to every motion picture studio in town and tries to sell it but to no avail. Finally, ACME studios offers to buy the script for either (a) $10,000 or (b) 1 percent of the movie’s profits. There are two decisions the studio will have to make. The first is to decide if the script is good or bad; the second is to decide if the movie is good or bad. First, there is a 90 percent chance that the script is bad. If it is bad, the studio does nothing more and throws the script out. If the script is good, it will shoot the movie. After the movie is shot, the studio will review it, and there is a 60 percent chance that the movie is bad. If the movie is bad, the movie will not be promoted and will not turn a profit. If the movie is good, the studio will promote heavily; the average profit for this type of movie is $14.2 million. Carl rejects the $10,000 and says he wants the 1 percent of profits.

What is value of accepting 1 percent of the profits? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32..)