The Griggs Corporation has credit sales of $826,200.

Using the above ratios, complete the balance sheet. (Round your answers to the nearest whole number.)

Cash    current debt

Accounts receivable                                                                long term debt

Inventory                                                                                 total debt

Total current assets                                                                 equity

fixed Assets                                                                            total debt and stockholders equity

Total Assets

Q1. What is:

Quality? Total Quality? Total Quality Management? And Quality Culture?

Q2. Explain the role of the leadership and top management in total quality.

Q3. Explain the role of the customer in total quality.

Q4. Explain the role of the employees in total quality.

Q5. List four benefits of total quality management.

home / study / business / economics / economics questions and answers / 4. exercise 16.6 the industry demand function for bulk plastics is represented by the following ... Question: 4. Exercise 16.6 The industry demand function for bulk plastics is represented by the following e... 4. Exercise 16.6 The industry demand function for bulk plastics is represented by the following equation: P=800−20Q where Q represents millions of pounds of plastic. The total cost function for the industry, exclusive of a required return on invested capital, is TC=300+500Q+10Q2 If this industry acts like a monopolist in the determination of price and output, the profit-maximizing level of price and output will be(------) $ and (------) million respectively. The total profit at this price-output level is ($-------) million. Assume that this industry is composed of many (500) small firms, such that the demand function facing any individual firm is P=$620 . Under these conditions, the profit-maximizing level of price and (total industry) output will be($------------) and (-------)million respectively. (Hint: The industry’s total cost function remains unchanged.) The total profit at this price-output level is ($----------) million. Because of the risk of this industry, investors require a 15 percent rate of return on investment. Total industry investment amounts to $2 billion. If the monopoly solution prevails, the total industry profit is ($------------) million.

If the competitive solution most accurately describes the industry, which of the following is most likely to happen?

a) New firms will enter the market.

b) Number of firms remains unchanged.

c) Some firms will exit the market. Suppose the Clean Water Coalition proposes pollution control standards for the industry that would change the industry cost curve to the following: TC=400+560Q+10Q2

What is the impact of this change on price, output, and total profits under the monopoly solution?

Price: Increase or Decrease or No change

Output: Increase or Decrease or No Change

Total Profits: Increase or Decrease or No change

Aruz Berhad sells its product at RM45 per unit. Fixed cost per year is RM220,000 while variable cost is RM15 per unit. The firm has debt capital of RM450,000 and its interest rate is 7%. Firm tax rate is 30% and the total number of shares issued is 300,000 units.

You are required to:

1. Calculate earnings before interest and tax (EBIT) and earnings per share (EPS) at total sales of 15,000 units.                   

2. Calculate the degree of financial leverage at sales level of 15,000 units.       

(

At the beginning of 2012, Massachusetts Road Construction entered into a contract to build a road for the government. Construction will take 3 years. The following information as of December 31st, 2012 is available for the contract:

Assume that the company estimates percentage complete based on costs incurred as a percentage of total estimated costs. Under the Percentage-of-Completion method, how much revenue will be reported in 2012?

$6,000,000

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

The firm uses the perpetual inventory system, and there are 26 units of the item on hand at the end of the year.

a. What is the total cost of the ending inventory according to FIFO?
$

b. What is the total cost of the ending inventory according to LIFO?
$

1. Below are the marginal abatement costs of two sources: MAC1 = 60Q1 MAC2 = 40Q2 where Q1 and Q2 are, respectively, the amount of emissions reduced by the first and second firms. Assume that with no control at all, each firm would be emitting 60 units of emissions or a total of 120 units for both firms. 1) Compute the cost-effective allocation of control responsibility if a total reduction of 90 units of emissions is necessary. 2) Draw two firms control cost graphs. Label the efficient level of pollution reduction on the graphs.\

CISCO SYSTEMS INC had the following balance sheet information (in millions) at the end of July, 2014 and 2015. Total assets were $105,134.0, and $113,481.0, respectively. Total liabilities were $48,473.0, and $53,774.0, respectively. For the years ended July, 2014 and 2015 CISCO SYS's sales were $47,142.0 and $49,161.0, and its net income was $7,854.0 and $8,979.0, respectively. Assume that the company has an effective tax rate of 30% and an average cost of debt financing of 10%, calculate the cost of financing for CISCO SYS for 2015?

The following units of an item were available for sale during the year: Beginning inventory 20 units @ $44 Sale 12 units @ $68 First purchase 29 units @ $46 Sale 23 units @ $69 Second purchase 23 units @ $49 Sale 15 units @ $70 The firm uses the perpetual inventory system, and there are 22 units of the item on hand at the end of the year.

a. What is the total cost of the ending inventory according to FIFO? $

b. What is the total cost of the ending inventory according to LIFO? $

The following information is available concerning a firm’s cash

       Total amount of cash needed for transaction balances      : $2,600,000/month

       Current interest rate on marketable securities            : 10 percent

       Cost per transaction of buying and selling securities : $1,000

       Assume the firm does not carry any safety cash balances. Find the optimal cash     balances, average cash balances and the total cost of carry cash using Baumol model.

Draw and explain the model using your numbers and indicate decisions concerning buying and selling securities.