The following data are available for one of the products sold by Dahlia Company, which uses a perpetual inventory system: Mar. 1 Beginning inventory, 500 units at $4.00 each 7 Purchased 2,000 units at $5.00 each 12 Sold 2,300 units 17 Purchased 1,800 units at $6.00 each 27 Sold 1,900 units 1. Calculate cost of goods sold for March and the dollar amount of ending inventory on March 31 assuming FIFO is used. 2. Calculate cost of goods sold for March and the dollar amount of ending inventory on March 31 assuming LIFO is used. 3. Calculate cost of goods sold for March and the dollar amount of ending inventory on March 31 assuming average cost is used. (Round average cost per unit to two decimal places. Round other amounts to the nearest dollar.)

VanderMeer Inc. reported the following information for the month of February:

During February, VanderMeer sold 136 units. The company uses a periodic inventory system.

Required:

What is the value of ending inventory and cost of goods sold for February under the following assumptions.

Early in 2021, the Excalibur Company began developing a new software package to be marketed. The project was completed in December 2021 at a cost of $102 million. Of this amount, $68 million was spent before technological feasibility was established. Excalibur expects a useful life of five years for the new product with total revenues of $170 million. During 2022, revenue of $51 million was recognized.

Required:
1. Prepare a journal entry to record the 2021 development costs.
2. Calculate the required amortization for 2022.
3. Determine the amount to report for the computer software costs in the December 31, 2022, balance sheet.

1- DHL Company specializes in rapid parcel delivery. Cross sectional data from DHL’s regional hub in Palestine were used to estimate the demand equation for the company’s services. Holding income and prices of other goods constant, the demand equation is estimated to be

P = 66Q -1 /3

where P is the price per pound and Q is pounds delivered. The marginal cost of delivery is constant and equal to $2 per pound.

a. What is the point-price elasticity of demand?

b. What are the profit-maximizing price and quantity?

c. What are the total revenue maximizing price and quantity?

Have you ever traded any stocks? If yes, discuss how you personally decide about your portfolio(Have you change your methods in the past few years). Do you buy the majority of your stocks for a short sell or not? Which market/s have you used for your tradings? Do you prefer riskier stocks with a higher return or do you think of yourself as a risk-averse person? Explain why you find your method of trade the best. If you have a very successful trading story feel free to share it with the class. If you never traded any stocks, Discuss which market would be your preferred place to trade. What kind of stock you would choose and how you would determine the shape of your portfolio. (Basically, think about the questions above and try to answer how you would approach them if you want to start trading) Different financial institutions use various approaches to their trades and shaping their optimum portfolios. Most of them expect their potential employees to have a clear idea about the benefits of their approach and their objectives. Thinking about these questions and learning from other’s experiences can help you practice getting ready and prepare your answers more efficiently. Some companies like Dimensional fund advisors use more advanced financial methods such as more developed versions of the 3-factor model initially introduced by Nobel winner Fama and French for their trades. More companies are getting attracted to this approach

For every question, please write down each main step before you obtain the final answer. Correct final answer with incorrect related work (calculation) or without any work may receive 0 point. On the contrary, incorrect final answer with correct related work (calculation) will receive partial credits.

Question 3 – Financial Markets [10 points]: Kampfire, Inc., a very successful manufacturer of camping equipment, is considering going public next month to raise funds to help finance the company’s future growth. The financial manager of Kampfire has approached the investment banking firm at which you work seeking help with its decision. Your boss asked you to explain the nature of the U.S. financial markets and the process of issuing equity to the financial manager. To help with this task, your boss has asked you to answer the following questions in explaining the U.S. financial system to the financial manager:

What is a financial market? How are financial markets differentiated from markets for physical assets?

Differentiate between money markets and capital markets.

Differentiate between a primary market and a secondary market. If Microsoft decided to issue additional common stock and an investor purchased 1,000 shares of this stock from Merrill Lynch, the underwriter, would this transaction be a primary market transaction or a secondary market transaction?

Describe the three primary ways in which capital is transferred between savers and borrowers.

Securities can be traded on physical exchanges or in the over-the-counter market. Define each of these markets, and describe how stocks are traded in each one.

Look at the following demand and supply schedules for the new Pepsi product just being introduced. We will assume that the units are case lots bought by an individual family within the first six months of introduction.

1.    If the price of Crystal Pepsi were $2.00 per case, how many cases would be offered for sale?       

2.    If the price of Crystal Pepsi were $2.00 per case, how many cases would people be willing to buy?           

3.    How many cases would actually be traded (go through the market) if the price were left at this $2.00 level?                     

4.    Would this constitute a surplus or a shortage?                           

5.    How much of a surplus or shortage would there be?                         

6.    If the market process were allowed to work, what would you expect to happen to the price of Crystal Pepsi?                     

7.    If the price of Crystal Pepsi rose to $8.00 per case, how many cases would be offered for sale?     

8.    If the price of Crystal Pepsi rose to $8.00 per case, how many cases would be demanded by families.     

9.    If the price remained at $8.00 per case, how many cases would actually be traded (go through the market)                     

10.    Would this constitute a surplus or a shortage?                           

11.    How much of a surplus or shortage would there be?                       

12.    If the market process were allowed to work, what would you expect to happen to the price of Crystal Pepsi?                    

Find the relative frequency for the class with lower class limit 19

Relative Frequency = %

Give your answer as a percent, rounded to two decimal places

A Frequency Distribution Table using data
This list of 16 random numbers has been sorted:

Fill in this table with the frequencies as whole numbers and the relative frequencies as decimals with 4 decimal places for the relative frequencies. Remember: relative frequencies are between 0.0 and 1.0

(This problem does not accept fractions.)

Complete the table.

In a student survey, fifty-two part-time students were asked how many courses they were taking this term. The (incomplete) results are shown below:

Please round your answer to 4 decimal places for the Relative Frequency if possible.

What percent of students take exactly one courses? %

50 part-time students were asked how many courses they were taking this term. The (incomplete) results are shown below:

a. Complete the table.

b. What percent of students take exactly two courses? %

70 adults with gum disease were asked the number of times per week they used to floss before their diagnoses. The (incomplete) results are shown below:

a. Complete the table (Use 4 decimal places when applicable)

b. What is the cumulative relative frequency for flossing 1 time per week? %

Question 6 [24] Hardware House (Pty) Ltd is a retailer of a wide range of hardware products. It has branches throughout the country and its strategy is to increase its sales revenue by opening more stores. The company rents the premises of all its stores. The executive management, however, is concerned that its strategy could be very harmful to operating profits should there be a downturn in the economy, such as a recession. One of the financial tools management wants to use to assess the vulnerability of its profits is to determine the operating leverage of the business. At the last executive management meeting, the following information was tabled, discussed and approved to be used to determine operating leverage: 2019 Actual 2020 projected increase (decrease) Revenue R25 670 000 R30 804 000 Cost of goods sold 17 110 000 20 874 200    Operating expenses 3 523 000 3 748 460 Selling expenses 1 080 000 1 004 400 General and administrative expenses 1 870 000 1 944 800 Property rent expense 350 000 549 500 Depreciation 223 000 1249 760 Required: 6.1. Complete the information in the table for 2019 and 2020, and then use the information in the table to calculate Hardware House’s degree of operating leverage (DOL) and explain its effect on operating profit. (18) 6.2. Should the company be concerned about the possible negative effect that its strategy can have on profits in poor economic conditions? Give reasons for your answer. (6)

Problem 19-8 (Part Level Submission)

The following information was disclosed during the audit of Elbert Inc.

E. Prepare the journal entry to record income taxes for 2018.

F. Draft the income tax section of the income statement for 2018, beginning with “Income before income taxes.”