You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. College Computers is not the only firm that builds computers to meet this university’s specifications; indeed, it competes with many manufacturers online and through traditional retail outlets. To attract its large student clientele, College Computers runs a weekly ad in the student paper advertising its “free service after the sale” policy in an attempt to differentiate itself from the competition. The weekly demand for computers produced by College Computers is given by Q = 800 – 2P, and its weekly cost of producing computers is C(Q) = 1,200 + 2Q2. If other firms in the industry sell PCs at $300, what price and quantity of computers should you produce to maximize your firm’s profits? Price: $ Quantity: computers

Mel O’Conner operates rental properties in Michigan. Each property has a manager who collects rent, arranges for repairs, and runs advertisements in the local newspaper. The property managers transfer cash to O’Conner monthly and prepare their own bank reconciliations. The manager in Lansing has been stealing from the company. To cover the theft, he overstates the amount of the outstanding checks on the monthly bank reconciliation. As a result, each monthly bank reconciliation appears to balance. However, the balance sheet reports more cash than O’Conner actually has in the bank. O’Conner is currently putting his entire business up for sale. In negotiating the sale of the business, O’Conner is showing the balance sheet to prospective buyers.

Requirements

1. Identify who, other than O’Conner, could be harmed by this theft. In what ways could they be harmed?
2. Discuss the role accounting plays in this situation.

Mount Snow operates a mountain ski resort. The company is planning its lift ticket pricing for the coming ski season. Investors would like to earn a 16% return on the company’s $109 375 000 of assets. The company primarily incurs fixed costs to groom the runs and operate the lifts. Mount Snow projects fixed costs to be $35 000 000 for the ski season. The resort serves about 700 000 skiers and snowboarders each season. Variable costs are about $12 per guest. Currently, the resort has such a favourable reputation among skiers and snowboarders that it has some control over the lift ticket prices.

Required

1. Would Mount Snow emphasise target pricing or cost-plus pricing. Why?
2. If other resorts in the area charge $83 per day, what price should Mount Snow charge?

You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. College Computers is not the only firm that builds computers to meet this university’s specifications; indeed, it competes with many manufacturers online and through traditional retail outlets. To attract its large student clientele, College Computers runs a weekly ad in the student paper advertising its “free service after the sale” policy in an attempt to differentiate itself from the competition. The weekly demand for computers produced by College Computers is given by Q = 800 – 2P, and its weekly cost of producing computers is C(Q) = 1,200 + 2Q².

If other firms in the industry sell PCs at $300, what price and quantity of computers should you produce to maximize your firm’s profits?

Price: $

Quantity:  

Which of following organisations is least likely to be exempt from income tax?

(a)      A croquet club established to promote the sport of croquet where no entertainment is provided to members.

(b)      A tennis club established to promote the sport of tennis where the club has poker machines on the premises to assist in funding the sporting activities of the members.

(c)      A swimming club originally established to promote swimming, but the club currently has extensive entertainment facilities available to the general public and earns substantial amounts from the entertainment activities.

(d)      A darts club originally established to promote darts where the club runs lotteries to assist in funding the sport of darts.

(e)      A trotting club originally established to promote horse racing and which currently receives income from the sale of the rights to televise the races. The funds received for the racing rights are used to improve track facilities.

Jennifer decides that she will go into the tourist industry on Lake Geneva, and buy a concession to hire out canoes on the lake. She borrows CHF40,000 (CHF is swiss currency) from her parents and puts CHF20,000 in herself. The arrangment with the Canton is that she pays CHF50,000 at the start for the concession, which runs five years, but must also pay an annual rental of CHF10,000 at the end of the season in october. She negotiates a deal with a canoe supplier who sells her 20 canoes for CHF 30,000 but agrees that she should pay CHF10,000 on delivery and the rest a year later. During the season she receives CHF 90,000 (cash) in canoe rentals.

Task: Making and specifying whatever assumptions you wish, you are asked to draw up a simple statement of profit or loss for the first year and statement of finacial postiton at the end of the year.

A tank initially contains 150 gal of brine in which 20lb of salt are dissolved. A brine containing 3 ​lb/gal of salt runs into the tank at the rate of 4 gal/min.The mixture is kept uniform by stirring and flows out of the tank at the rate of 3 gal/min. Let y represent the amount of salt at time t. Complete parts a through e.

a. At what rate​ (pounds per​ minute) does salt enter the tank at time​ t?

b. What is the volume of brine in the tank at time​ t?

c. At what rate​ (pounds per​ minute) does salt leave the tank at time​ t?

d.Write down and solve the initial value problem describing the mixing process. What is the solution to the initial value​ problem?

e. Find the concentration of salt in the tank 28 min after the process starts.

Write python 3 code to define a function that uses three arguments, and returns a result.

The function returns True if the first argument is more than or equal to the second argument and less than or equal to the third argument, otherwise it returns False.

Write a python 3 code for function main, that does the following:

• creates a variable and assign it the value True.
• uses a while loop which runs as long as the variable of the previous step is True,
• inside the while loop, get a number from the user and
• if passing that number to the function of the previous question along with 0 and 10, results in a True value returned, then add that number to a running sum. Otherwise make the loop stop without using break.
• After the loop stops, print the running sum of all the values the user entered.

Call main at the end.

Make sure to use conversion or casting functions as needed.

You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. College Computers is not the only firm that builds computers to meet this university’s specifications; indeed, it competes with many manufacturers online and through traditional retail outlets. To attract its large student clientele, College Computers runs a weekly ad in the student paper advertising its “free service after the sale” policy in an attempt to differentiate itself from the competition. The weekly demand for computers produced by College Computers is given by Q = 800 – 2P, and its weekly cost of producing computers is C(Q) = 1,200 + 2Q2. If other firms in the industry sell PCs at $300, what price and quantity of computers should you produce to maximize your firm’s profits?

Price: $

Quantity: computers