Beginning inventory, purchases, and sales for Item ER27 are as follows:

Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on July 28 and (b) the inventory on July 31.

Beginning inventory, purchases, and sales for Item ER27 are as follows:

Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on January 21 and (b) the inventory on January 31.

Beginning inventory, purchases, and sales for Meta-B1 are as follows:

a. Assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the July 23 purchase.
$per unit

b. Assuming a perpetual inventory system and using the weighted average method, determine the cost of the merchandise sold on July 26.
$

c. Assuming a perpetual inventory system and using the weighted average method, determine the inventory on July 31.
$

The units of an item available for sale during the year were as follows:

There are 16 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out (FIFO) method; (b) the last-in, first-out (LIFO) method; and (c) the weighted average cost method (round per unit cost to two decimal places and your final answer to the nearest whole dollar).

On the basis of the data shown below:

Determine the value of the inventory at the lower of cost or market by applying lower of cost or market to each inventory item, as shown in Exhibit 9.

$

Write a JAVA program that allow a user to enter 2 number, starting point and end point. For example a user me enter 1 and

100. Your program will

Add numbers from 1 to 100, add all the even number, and add all the odd numbers

Output:

The sum of number 1 to 100 is:

The sum of even number 1 to 100 is:

The sum of odd number 1 to 100 is:

5. Assume you are given the following information for the economy of Macroland:

            GDP          C             S             I             G         (X – M)         AE              

                  0            200        _____    _____     _____          0          _____

            500            600        _____      200          100           0          _____

            1000          1000        _____    _____    _____           0          _____

            1500          ____        _____    _____     _____           0            _____

            2000          1800        _____       200          100           0            _____

            2500          2200        _____       200          100           0            _____

            3000          2600        _____       200          100           0            _____

            3500          ____        _____       200          100           0            _____

            4000          3400        _____       200          100           0            _____

            a. What is the MPC in this model? The MPS?

            b. Fill in the blanks in the table above.

            c. What is the level of equilibrium GDP? How do you know?

            d. If investment spending increases by $100, what is the new level of equilibrium

     GDP?

Describe impacts on the 3 financial statements (balance sheet, income statement and cash flow statement) of:

a. An increase of accounts receivables by $100

b. An increase of accrued expenses by $100

c. A decrease of prepaid expenses by $100
d. An increase in inventory by $100 (paid in cash)

e. An increase in depreciation by $100

f. A sale of equipment for $200 (value on the balance sheet: $170)

g. An asset write-down (impairment) of $100
h. A debt write-down (impairment) of $100
i. An issue of new shares for $500

j. An issue of new shares to employees as stock-based compensation for $500
k. A payment of dividends for $100
l. An expense of $50 of interest on a debt, 50% in cash and 50% in PIK (Paid-In-Kind I.e. accrued) interest

Remark: consider all above questions as independent of each other.

1a)When you purchase low-cost goods repeatedly, you usually use ____ (internal search or external search); when you purchase expensive goods for the first time, you usually use _____ (internal search or external search).

b)After you recognize a need, the next step is to evaluate alternatives before making a purchase. (True or False)

c)You have saved enough money to buy a $800,000 house, this is ______ (needs, wants, or demands). A basic shelter is _____ (needs, wants, or demands). A multi-million-dollar house is _____ (needs, wants, or demands).

d)According to information theory, you would search for information until cost of additional search ____ (>, =, or <) expected savings from additional search.

e)You are a long-time smoker and you understand that smoking is not healthy. You tell yourself there are many smokers who don’t get cancer, so you will be fine. Then you continue smoking 2 packs a day. This is an example of ______.

f)You decide to buy a $50,000 car instead of investing in a mutual fund that earns 7% return, the mutual fund is an example of _____ (incremental cost, opportunity cost, or sunk cost). You have paid $800 for a 12-week art class, you feel this class is not good after 4 weeks, however, you have passed the deadline for a refund, so you decide to continue attending the class, this is an example of _____ (incremental cost, opportunity cost, or sunk cost).

g)One way to prevent impulse buying is to wait 3 days to cool down before making the purchase (or not) decision. (True or False)

h)H&M has a promotion for T-shirts – buy two get one free. This is ____ (first degree, second degree, or third degree) price discrimination.

i)You must fly to New York for a job interview on Thursday. Your price elasticity of demand is ___ (high or low), so you are willing to pay ____ (higher or lower) price for airline ticket.

j)Gasoline has a ____ (high or low) price elasticity of demand due to the lack of alternatives.

Wilderness Products, Inc., has designed a self-inflating sleeping pad for use by backpackers and campers. The following information is available about the new product: An investment of $1,900,000 will be necessary to carry inventories and accounts receivable and to purchase some new equipment needed in the manufacturing process. The company’s required rate of return is 26% on all investments. A standard cost card has been prepared for the sleeping pad, as shown below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 5 yards $ 3.80 per yard $ 19.00 Direct labor 3 hours $ 9.00 per hour 27.00 Manufacturing overhead (20% variable) 3 hours $ 13.00 per hour 39.00 Total standard cost per pad $ 85.00 The only variable selling and administrative expense will be a sales commission of $9 per pad. The fixed selling and administrative expenses will be $2,761,000 per year. Because the company manufactures many products, no more than 105,000 direct labor-hours per year can be devoted to production of the new sleeping pads. Manufacturing overhead costs are allocated to products on the basis of direct labor-hours. Required: 1. Assume that the company uses the absorption approach to cost-plus pricing. a. Compute the markup percentage that the company needs on the pads to achieve a 26% return on investment (ROI) if it sells all of the pads it can produce. b. What selling price per sleeping pad will the company establish if it uses a markup percentage on absorption cost? (Round intermediate calculations and final answer to 2 decimal places.) c. Assume that the company is able to sell all of the pads that it can produce. Prepare an income statement for the first year of activity. Compute the company’s ROI based on the first year of activity. 2. After marketing the sleeping pads for several years, the company is experiencing a falloff in demand due to an economic recession. A large retail outlet will make a bulk purchase of pads if its label is sewn in and if an acceptable price can be worked out. What is the minimum acceptable price for this special order? (Round your answer to 2 decimal places.)

You are CEO of a new firm, DUNSMED, Inc. which has invented a successful Covid-19 vaccine. The US government has given you an exclusive patent on the drug for 10 years. The government, in exchange for granting this exclusive patent, wants all 100,000 doses manufactured for the first year. As CEO of the company, you are in charge of pricing for the drug and the Marginal Cost is equal to the Marginal Revenue at a price of $2,000 per dose. Demand is extremely high for the drug as your firm is the only company that has invented a Covid-19 vaccine and the Marginal Cost is equal Demand at the price of $10,000 per dose but you can only fill the government's order of 100,000 doses. Please answer the following questions given this information.

a. For the first year, what type of market environment is your firm operating in? What characteristics lead you to believe that and why? Explain clearly and thoroughly (5 sentences minimum are required).

b. What is the minimum price your firm should charge for the drug per dose? Why and how did you come up with the pricing? Explain clearly and thoroughly (5 sentences minimum are required).

c. After the patent expires and the drug is no longer in strong demand, assume 10 other companies all create generic versions of the same vaccine. Your competitors are all charging $11 per dose. Marginal Revenue equals Marginal Cost at $11 per dose. What type of market environment is your firm operating in and why? What price should you charge now? Explain clearly and thoroughly (5 sentences minimum are required).

d. Given that 10 other companies are already creating the same vaccine. Would your firm earn an economic profit assuming you priced the vaccine at the same level as your competitors? Additionally, what would happen if your firm would charge more than your competitors? What would happen if you charge less than your competitors? Explain clearly and thoroughly (5 sentences minimum are required).

Designing A New Arena :

You work for a company that has been tasked with designing a proposed seating plan for an NHL team’s new arena. Currently the NHL team plays in a rink similar to the one shown here:
Parameters of the Plan

• One ring of seats all the way around the rink is considered a row
• Row 1 is considered to be the row closest to the ice.
• The number of seats in the arena has to be between 18 000 and 22 500
• There cannot be more than 40 rows in the arena.
• The number of seats in each row must form an arithmetic sequence, increasing by the same number in each subsequent row.

PART A – SEATS AND ROWS

Using the parameters above, and your understanding of sequences and series:

1. Begin by selecting a total number of seats in the arena
2. Choose a realistic number of rows required for the entire arena
3. Choose a number of seats by which each row will increase
4. Based on your choices for 1 – 3, determine the number of seats in the first row
5. Based on the information from 1 – 4, determine the number of seats in the last row
6. Clearly summarize all of the information that you found in this part of your proposal in an organized list of a few bullet points.

Be sure to explain in detail any assumptions you make.

PART B – TICKET PRICES

The team’s current arena charges:

• $6000 for a season seat in rows 1-10
• $4000 for a season seat in rows 11-20
• $3000 for a season seat in rows 21-30
• $2000 for a season seat in rows 31-40.

The team has suggested modifying their current plan to use a geometric sequence, and decrease the price for a seat in each subsequent row by the same factor based on the price of a seat in the row in front of it.

Using the team’s current arena charges, your work from PART A, and your understanding of sequences and series:

1. Determine a reasonable price for a season ticket in the first row
2. Determine a reasonable factor by which the cost of each seat per game will decrease in each subsequent row behind row 1.
3. Determine the price per game of a season ticket in the last row

Your company offers a denied-benefit pension plan to each of its employees. The plan will make a monthly payment to each retiree of $4 thousand, next month. In each subsequent month, the payment will grow by an annualized rate of 2% to adjust for inflation. There are currently 100 retirees, and you estimate that this number will remain the same, indefinitely. The government mandates that (i) pension liabilities must be discounted at an annualized rate of 4%, and (ii) pension liabilities must be 75% funded (that is, the pension fund must be funded at 75% of the present value of the liabilities). (a) How much money must your rm contribute to its pension fund. (b) Consider the following variation on (a). Yours is a young company { a sexy startup. You don't have any retirees right now, but you do make pension promises to your young workers. You estimate that 20 years from now the first cohort of 50 workers will retire, receiving their first monthly payment one month after retiring (received in 241 months). Going forward, you expect the pool of retirees to remain stable, at 50. How much money must your firm contribute now in order to fulfil the government mandate?

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