How do changes in market prices relate to scarcity? Why do economists typically not favor price controls?

What is tax incidence? How does it relate to price elasticity of supply/demand? How might understanding tax incidence be important when evaluating public policy proposals?

Problem 5.4 (LO1, 2) Variable and Full Costing: Earnings Management with Full Costing; Changes in Production and Sales Sampson Steel produces high-quality worktables. The company has been in operation for three years, and sales have declined each year due to increased competition. The following information is available:

Required

1. Calculate profit and the value of ending inventory for each year under full costing.
2. Calculate profit and the value of ending inventory for each year under variable costing.
3. Explain how management of Sampson could manipulate earnings in 2021 by producing more units than are actually needed to meet demand. Could this approach to earnings management be repeated year after year?

Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $3,130,000 (all on credit), and its net profit margin was 7%. Its inventory turnover was 5.0 times during the year, and its DSO was 39 days. Its annual cost of goods sold was $1,750,000. The firm had fixed assets totaling $505,000. Strickler's payables deferral period is 41 days. Assume a 365-day year. Do not round intermediate calculations.

1. Calculate Strickler's cash conversion cycle. Do not round intermediate calculations. Round your answer to two decimal places.

     days

2. Assuming Strickler holds negligible amounts of cash and marketable securities, calculate its total assets turnover and ROA. Do not round intermediate calculations. Round your answers to two decimal places.

   Total assets turnover:  ×

   ROA:   %

3. Suppose Strickler's managers believe the annual inventory turnover can be raised to 8 times without affecting sale or profit margins. What would Strickler's cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 8 for the year? Do not round intermediate calculations. Round your answers to two decimal places.

   Cash conversion cycle:   days

   Total assets turnover:    ×

   ROA:    %

Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $2,180,000 (all on credit), and its net profit margin was 7%. Its inventory turnover was 6.0 times during the year, and its DSO was 37 days. Its annual cost of goods sold was $1,200,000. The firm had fixed assets totaling $355,000. Strickler's payables deferral period is 43 days. Assume a 365-day year. Do not round intermediate calculations.

1. Calculate Strickler's cash conversion cycle. Do not round intermediate calculations. Round your answer to two decimal places.

   days

2. Assuming Strickler holds negligible amounts of cash and marketable securities, calculate its total assets turnover and ROA. Do not round intermediate calculations. Round your answers to two decimal places.

   Total assets turnover: ×

   ROA: %

3. Suppose Strickler's managers believe the annual inventory turnover can be raised to 10 times without affecting sale or profit margins. What would Strickler's cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 10 for the year? Do not round intermediate calculations. Round your answers to two decimal places.

   Cash conversion cycle: days

   Total assets turnover: ×

   ROA: %

BONUS: Create the detailed outline of this compare/contrast essay (10%)

‘Each small innovation generated changes in his life and in everyone’s. Whether it is a language system or a poem, they make the universe a different place’. let us compare between Nikola Tesla and Thomas Alva Edison. discoverer contributed to the event of the alternating-current (AC) electrical system which is widely used today and to the rotating flux, which is that the basis of most AC machinery while Edison invented the DC which is a smaller amount widely utilized in the current but he has many great inventions just like the electric bulb the phonograph and lots of more.

Edison and tesla worked together before tesla parted ways because of business scientific conflict. While Edison was an influential figure who focused on marketing and financial success, Tesla wasn't business-minded and was somewhat vulnerable because of which tesla suffered plenty to run his company. Edison managed to convince his investors about his inventions but tesla couldn't so he suffered.

In the end, Edison held 1,093 patents and Tesla held but 300 worldwide. Of course, Edison had a bunch of assistants helping him devise inventions and had also bought a number of these patients.

Tesla's inventions are the backbone of contemporary power and communication systems, but he faded into anonymity later within the 20th century. But later his invention caught the attention of an engineer and acquired his patents he saw that it's a future. But Edison had dispelled Tesla's AC system of electrical power transmission, calling it 'impractical', instead of promoting his simpler yet less efficient DC system.

Tesla didn't get the celebrity he deserved besides his inventions was of great practical use. Edison also launched a negative press-campaign in a trial to undermine the interest in AC power. With its repeated success and favorable press, the alternating-current system became the leading facility of the 20th century and it's remained the worldwide standard since.

Tesla suffered a breakdown and eventually returned to the figure as a consultant primarily. But as time passed, his ideas progressively became strange and impractical. He also grew increasingly eccentric and devoted much of his time in caring for wold pigeons in the big apple City's parks. He even drew the FBI's attention for his mouth building a robust "death beam", which had also received some interest from the state during warfare II.

Describe the physical changes both boys and girls go through during puberty. How does the increase in hormone production affect them? Physically, teenagers are sexually mature, however, are often not cognitive, socially, or emotionally ready for sex. One reason is brain development. Describe how frontal lobe development in the brain compares to hormone production. How might the delay of the frontal lobe development affect a teenager’s decisions about sex? Could it lead to risky decision making?

What are FOUR important immigration trends over the last 40 years? How have these changes contributed to increasing anti-immigrant sentiment among some in the U.S.?

(To get full credit, you must tie the trends to why anti-immigrant sentiments have increased.)

In pumping lemma I know how to prove 0^n 1^n is not regular but what changes when I have 0^n 1^n 2^n (three variables). Do I need to check 6 variations

of 0,1 and 2 instead of only 3 in 0^n 1^n?

thanks.

Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $2,955,000 (all on credit), and its net profit margin was 7%. Its inventory turnover was 5 times during the year, and its DSO was 36 days. Its annual cost of goods sold was $1,750,000. The firm had fixed assets totaling $540,000. Strickler's payables deferral period is 41 days. Assume a 365-day year. Do not round intermediate calculations.

1. Calculate Strickler's cash conversion cycle. Round your answer to two decimal places.

     days =

2. Assuming Strickler holds negligible amounts of cash and marketable securities, calculate its total assets turnover and ROA. Round your answers to two decimal places.

   Total assets turnover:  ×

   ROA:   % =

3. Suppose Strickler's managers believe the annual inventory turnover can be raised to 9 times without affecting sale or profit margins. What would Strickler's cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 9 for the year? Round your answers to two decimal places.

   Cash conversion cycle:   days =

   Total assets turnover:    ×

   ROA:    % =

Merton Analytics is considering changes in its working capital policies to improve its cash flow cycle. Merton’s sales last year were $4,250,000 (all on credit), and its net profit margin was 7%. Its inventory turnover was 7.5 times during the year, and its DSO was 41 days. Its annual cost of goods sold was $2,200,000. The firm had fixed assets totaling $585,000. Merton’s payables deferral period is 42 days.

a.         Calculate Merton’s cash conversion cycle.

b.         Assuming Merton holds negligible amounts of cash and marketable securities,

calculate its total assets turnover and ROA.

c.         Suppose Merton’s managers believe the annual inventory turnover can be raised to 9.5 times without affecting sales. What would Merton’s cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 9.5 for the year?