Presented below is information related to Aaron Rodgers Corporation for the current year. Beginning inventory was $600,000. Purchases was 1,500,000. Sales revenue was 2,500,000. Required: Fill in the blanks to compute the ending inventory, assuming that gross profit is 45% of sales.

Suppose the demand for good X can be represented by the following equation: Q_X = 35 - 2P. Furthermore, suppose that the demand for good Y can be represented by    Q_Y = 25 - 0.1P.

a. Find the elasticity of demand for both good X and good Y when the price of X is $15 and the price of Y is $10.

b.If the community’s goal is to raise tax revenue as efficiently as possible, what should be the ratio of the tax on X to the tax on Y?

Green Co. issued note receivable in January, 2017. Assuming the market interest rate is 10% per annum, how much would Green Co. record as an interest revenue for 2017 if the terms of the note are that it would be a two-year, $120,000 note bearing interest at 8 percent annually? (The present value of $1 for one and two period at 10% is 0.90909 and 0.82645).

a. $9,267.

b. $11,584.

c. $0.

d. $9,600.

The Excel file Store and Regional Sales Database provides sales data for computers and peripherals showing the store identification number, sales region, item number, item description, unit price, units sold, and month when the sales were made during the fourth quarter of last year.3 Modify the spreadsheet to calculate the total sales revenue for each of the eight stores as well as each of the three sales regions.

The trial balance before adjustment of Wildhorse Inc. shows the following balances.

Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 5% of gross accounts receivable and (b) 6% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,689 credit balance.

October 1993 Marriott Corporation announced
plans to divide its operations into two separate
businesses (spin off of hotel mgt’ business)

– Marriott International: manage Marriott’s hotel chain and receive most of the revenue

– Host Marriott: own all the company’s real estate and be responsible for servicing essentially all of the old company’s $3 billion of debt

What will happen to Marriott’s stock price and
bond price after this announcement?

Lessor leases asset to lessee. Lease term is 5 years. Lease payment is $20,000/month +
greater of $5,000 or 2% of lessee’s monthly sales revenue. Lessor’s implicit rate is 12%/year and this
rate is known by lessee. Payments are due at the end of the month. No payment was due at the signing of
the lease.

Required
1. Calculate the present value of the lease payments that will be used in measuring the lessee's lease
payable.

Please show calculations/explain.

LHD Group ( international courier) has operations in USA, UK & CH.

On static revenues profits fell from $0.3m Half Year Apr – Sep 2007 to $1.500,000 loss for the following Half Year Oct 2007 to March 2008

Derive emergency action plan to bring Group back into profit. FYI First HY is normally 55% of annual revenue. The Board demands answers not requests for more research, detail.

Consider Ford Motor Company’s statement that appeared in its 2010 Annual Report:

The company’s four-point plan consists of: balancing our cost structure with our revenue and market share; accelerating development of new vehicles that customers want and value; financing our plan and rebuilding our balance sheet; and working together to leverage our resources around the world.

What are the implications of this strategy for financial management of Ford?

A CNC machine has an initial cost of $75,000. It is expected that its market value will be lower by $4000 every year. The net annual revenue is estimated as $11,000 in the first year, but it is also expected to increase by $950 every year. The equipment will have a maximum useful life of 5 years. The company's MARR is 10% per year. When is the best time to abandon the equipment? Explain your answer showing all of your calculations.