Millstone Company produces only one product. Normal capacity is 20,000 units per year, and the unit sales price is $5. Relevant costs are: Unit Variable Cost Total Fixed Cost Materials $1.00 Direct labor 1.20 Factory Overhead 0.50 $15000 Marketing expenses 0.30 5000 Administrative expenses 6000

Required: Compute the following: (1) The break-even point in units of product

(2) The break-even point in dollars of sales

(3) The number of units of product that must be produced and sold to achieve a profit of $10,000

(4) The sales revenue required to achieve a profit of $10,000

On January 2, 2019, Royal Class Air Conditioning and Heating sold and installed an HVAC system to Peak Co. for $2,750. The selling price is allocated as follows: (1) 90% for the HVAC unit and (2) 10% for an ongoing 4-year service contract for the HVAC unit.

a. Determine each of the following related to this sale:

1. Identify the contract between the company and the customer.

2. Identify the performance obligations of Royal Class.

3. Determine the transaction price.

4. Allocate the transaction price to the performance obligations.

b. What amount of revenue should Royal Class recognize for the year ended December 31, 2019?

You are the president of High Power Corporation. At the end of the first year of operations (December 31, 2017), the following financial data for the company are available:
  

Required:
1. Prepare an income statement for the year ended December 31, 2017.

2. Prepare a statement of retained earnings for the year ended December 31, 2017.

3. Prepare a balance sheet at December 31, 2017.

Flounder Company, which is subject to a 40% income tax rate, projected its income before taxes for next year as shown here:

1) If Flounder wants $7,650,000 in pretax earning, what is the required level of sales, in dollars?

2) If Flounder’s net assets are $61,200,000, what amount of revenue must be achieved for Flounder to earn a 10% after-tax return on assets?

3) If Flounder wants after-tax earnings of 30% of sales, what is the required level of sales in dollars and in units?

The income statement of Oriole Company for the month of July shows net income of $3,490 based on Service Revenue $7,630, Salaries and Wages Expense $2,370, Supplies Expense $980, and Utilities Expense $790. In reviewing the statement, you discover the following: 1. Insurance expired during July of $550 was omitted. 2. Supplies expense includes $410 of supplies that are still on hand at July 31. 3. Depreciation on equipment of $290 was omitted. 4. Accrued but unpaid wages at July 31 of $440 were not included. 5. Service performed but unrecorded totaled $740. Prepare a correct income statement for July 2022.

Implementing change in any organization can be a daunting task. change is inevitable, and organizations need to embrace a culture of change for long term survival. However not all changes are worthwhile. Blindly implementing change can result in sub-optimal performance and in some cases, it can diminish performance. Change initiatives must be evaluated from a business perspective. Consider an example of an automobile dealership is evaluating a new protocol in their auto-service department. The service department generates more revenue than the sales department, on an annualized basis. Sales revenues have been down in recent years, and management would like to find ways to increase service revenue to offset any shortfalls from the sales department. The service department has proposed to senior management that they can make a change to their service offerings to increase revenue. Currently, the service department offers ala carte offerings for service. Patrons can opt for separate services on an as needed basis (e.g. oil, change, spark plug change, timing belt service, transmission service and so on). A key change proposed would involve offering packaged service solutions (e.g. 10K mileage service, 30K mileage service, 75K mileage service, and so on). Each package service would bundle many of the previously offered services. If implemented, the change could yield an extra $1M of service revenue for the dealership. Without this change, substantially growing service revenue would be very unlikely for the dealership. The change implementation will involve having to re-market its services appropriately, changing advertising, increasing promotions, training staff, and so on, They would have to do so without making long-time customers feel like they are being offered more services than then need at any given time. How should the dealership go about evaluating this change? Should they embark on this change? Please explain your answer sufficiently.

Language is C# (i've got some code but it seems to not run correctly, would love a new take)

Create an Employee class with five fields: first name, last name, workID, yearStartedWked, and initSalary. It includes constructor(s) and properties to initialize values for all fields. Create an interface, SalaryCalculate, class that includes two functions: first,CalcYearWorked() function, it takes one parameter (currentyear) and calculates the number of year the worker has been working. The second function, CalcCurSalary() function that calculates the current year salary. Create a Worker classes that is derived from Employee and SalaryCalculate class. In Worker class, it includes two field, nYearWked and curSalary, and constructor(s). It defines the CalcYearWorked() function using (current year – yearStartedWked) and save it in the nYearWked variable. It also defines the CalcCurSalary() function that calculates the current year salary by using initial salary with 3% yearly increment. Create a Manager class that is derived from Worker class. In Manager class, it includes one field: yearPromo and constructor(s). Itincludes a CalcCurSalary function that calculate the current year salary by overriding the base class function using initial salary with 5% yearly increment plus 10% bonus. The manager’s salary calculates in two parts. It calculates as a worker before the year promoted and as a manager after the promotion. Write an application that reads the workers and managers information from files (“worker.txt” and “manager.txt”) and then creates the dynamic arrays of objects. Prompt the user for current year and display the workers’ and managers’ current information in separate groups: first and last name, ID, the year he/she has been working, and current salary.

Worker.txt

5
Hector
Alcoser
A001231
1999
24000
Anna
Alaniz
A001232
2001
34000
Lydia
Bean
A001233
2002
30000
Jorge
Botello
A001234
2005
40000
Pablo
Gonzalez
A001235
2007
35000

Manager.txt

3
Sam
Reza
M000411
1995
51000
2005
Jose
Perez
M000412
1998
55000
2002
Rachel
Pena
M000413
2000
48000
2010

Extensions of Demand and Supply Analysis

1. Graph the accompanying demand data, and then use the midpoint formula for Ed to determine price elasticity of demand for each of the four possible $1 price changes. What can you conclude about the relationship between the slope of a curve and its elasticity? Explain in a
   nontechnical way why demand is elastic in the northwest segment of the demand curve and inelastic in the southeast segment.

2- Calculate total-revenue data from the demand schedule in question 2. Graph total revenue below your demand curve. Generalize about the relationship between price elasticity and total revenue.

1. Suppose that depreciation expense is 3.000.000 $ and profit is 15.000.000 $. Contribution margin percentage is 60%. Breakeven revenue is 25.000.000 $. Under these conditions, what would be the profit margin?

a) 30%

b) 40%

c) 50%

d) 60%

e) Other:

2. Suppose that total fixed costs are 800.000 $ and the contribution margin percentage is 40%. What would be the degree of operating leverage in case a sales revenue of 3.000.000 $ is generated?

a) 2

b) 3

c) 4

d) 5

e) Other:

3. Suppose that total fixed costs are 800.000 $ and the contribution margin percentage is 40%. What would be the profit in case a sales revenue of 3.000.000 $ is generated?

a) 200.000 $

b) 300.000 $

c) 400.000 $

d) 500.000 $

e) Other: