Questions
Presented below is information related to Skysong Company. Date Ending Inventory (End-of-Year Prices) Price Index December...

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):...

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...

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...

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...

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...

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)...

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

?Will you invest $40,000 in your friend’s business? Based on the calculations performed explain why or...

  1. ?Will you invest $40,000 in your friend’s business? Based on the calculations performed explain why or why not (minimum 100 words) (10 points). TAKING IN CONSIDERATION THE FOLLOWING; Margin of safety: 30,972, operaitng leverage 0.23, net profit $22,779,Calculation of Contribution per unit      
  2. Selling Price       $ 2.75
    Less: Variable costs      
    Ingredients       $ 0.20
    Bakers charges       $ 0.50
    Contribution per unit       $ 2.05
    Contribution margin ratio       75
  3. Total Fixed Costs   $ 51,021.00
    MC per unit   2.05
    CM%   75%
    Break Even Point (cupcakes)   24,888
    Break Even Point (sales)   $ 68,028.00 ?

In: Accounting

Required information [The following information applies to the questions displayed below.] The following are the transactions...

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

A certain locality wishes to build an open space and recreation facility of 100 acers. To...

A certain locality wishes to build an open space and recreation facility of 100 acers. To raise the necessary funds, the town’s treasurer suggests to derive the aggregate demand function for this facility and set it to equal the marginal costs of building the facility in order to obtain the optimal price that users should be charged.
a. Use a graph to explain the treasurer’s approach. Do you agree to it? Explain why
b. If you disagree, suggest an alternative approach, which will explicate what charges should be levied. Use a graph to that end.
c. What is the key problem with your kind suggestion?
d. What other solutions are there for the funding of such a facility?

In: Economics