Presented below is information related to Skysong Company. Date Ending Inventory (End-of-Year Prices) Price Index December 31, 2017 $ 87,400 100 December 31, 2018 152,755 137 December 31, 2019 148,824 156 December 31, 2020 168,493 169 December 31, 2021 200,018 182 December 31, 2022 238,140 189 Compute the ending inventory for Skysong Company for 2017 through 2022 using the dollar-value LIFO method.
Ending Inventory 2017:
Ending Inventory 2018:
Ending Inventory 2019:
Ending Inventory 2020:
Ending Inventory 2021:
Ending Inventory 2022:
In: Accounting
Assignment 1
Willy's Widget, a monopoly, faces the following demand schedule (sales in widgets per month):
| Price | Quantity |
| 80 | 0 |
| 75 | 10 |
| 70 | 20 |
| 65 | 30 |
| 60 | 40 |
| 55 | 50 |
| 50 | 60 |
| 45 | 70 |
| 40 | 80 |
| 35 | 90 |
| 30 | 100 |
| 25 | 110 |
| 20 | 120 |
Calculate marginal revenue over each interval in the schedule. If marginal cost is constant at $40 and fixed cost is $300, what is the profit maximizing level of output? What is the level of profit? Explain your answer using marginal cost and marginal revenue.
Repeat the exercise for MC = $18
In: Economics
| date | activities | units | cost | total | units sold | retail price | total |
| aug 1 | beginning inventory | 150 | $8.00 | $1,200.00 | |||
| aug 10 | sales | 70 | $80.00 | $5,600.00 | |||
| aug 20 | purchases | 50 | $9.00 | $450.00 | |||
| aug 25 | sales | 100 | $80.00 | $8,000.00 | |||
| aug 31 | purchases | 50 | $9.25 | $475.00 | |||
| totals | 250 | $2125.00 | 170 |
Corey Church is a seller of designer sunglasses. Following is a summary of Corey Church’s purchases and sales for the month of August, 2020. Calculate the cost of the ending inventory under the A) FIFO and B) LIFO methods. Show your answer on the following tables.
In: Accounting
| he following are the transactions for the month of July. |
| Units | Unit Cost | Unit Selling Price |
||||||||
| July 1 | Beginning Inventory | 55 | $ | 10 | ||||||
| July 13 | Purchase | 275 | 11 | |||||||
| July 25 | Sold | ( | 100 | ) | $ | 14 | ||||
| July 31 | Ending Inventory | 230 | ||||||||
Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under (a) FIFO, (b) LIFO, and (c) weighted average cost. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.)
In: Accounting
The production manager of a clothing manufacturer estimates that the total annual cost of producing men’s suits is given by the equation: C = 5,000 + 4,100Q – 4.4Q2 + .004Q3. What is the minimum price the firm can accept to not shut down in the short run? Hint: Write your answer to two decimal places.
A firm produces 100 units of good A at a total cost of $1,500 and separately 200 units of good B at a cost of $2,000. By combining the production of A and B, it is possible to produce the same quantities of A and B respectively at a combined total cost of $2,250. Compute the economies of scope experienced by this firm. Hint: Write your answer to two decimal places.
In: Economics
Suppose you are a monopoly in the market for a
specific video game. Your demand curve is given by P = 100 - Q /
2,
and your marginal cost curve is Cm = 20. Your fixed costs are $
300.
a. Graph the demand and the marginal cost curves.
b. Derive and plot the marginal income curve on the
same graphic above.
c. Calculate and indicate on the graph the price and quantity
monopolistic.
d. What is your profit?
e. What is the level of consumer surplus?
f. What would be the level of consumer surplus with a
perfect competition and what is the difference after
monopoly?
g. Please give a conclusion and explain your answer in detail.
In: Economics
Dozier Corporation is a fast-growing supplier of office products. Analysts project the following free cash flows(FCFs) during the next 3 years, after which FCF is expected to grow at a constant 8% rate. Dozier's weighted average cost of capital is WACC = 17%.
| Year | Free Cash Flow ($ Millions) |
| 1 | -$20 |
| 2 | $30 |
| 3 | $40 |
a.) What is Dozier's horizon value?
b.) What is the current value of operations for Dozier?
c.) Suppose Dozier has $10 million in marketable securities, $100 million in debt, and 10 million shares of stock. What is the intrinsic price per share?
In: Finance
In: Accounting
Required information
[The following information applies to the questions displayed below.]
The following are the transactions for the month of July.
| Units | Unit Cost | Unit Selling Price | ||||||||
| July 1 | Beginning Inventory | 54 | $ | 10 | ||||||
| July 13 | Purchase | 270 | 12 | |||||||
| July 25 | Sold | (100 | ) | $ | 16 | |||||
| July 31 | Ending Inventory | 224 | ||||||||
Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under weighted average cost. Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole dollar amount.)
In: Accounting
In: Economics