The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 50 students enrolled in those two courses. Data concerning the company’s cost formulas appear below: Fixed Cost per Month Cost per Course Cost per Student Instructor wages $ 3,080 Classroom supplies $ 260 Utilities $ 870 $ 130 Campus rent $ 4,200 Insurance $ 1,890 Administrative expenses $ 3,270 $ 15 $ 4 For example, administrative expenses should be $3,270 per month plus $15 per course plus $4 per student. The company’s sales should average $800 per student. The company planned to run three courses with a total of 45 students; however, it actually ran three courses with a total of only 42 students. The actual operating results for September appear below: Actual Revenue $ 32,400 Instructor wages $ 9,080 Classroom supplies $ 8,540 Utilities $ 1,530 Campus rent $ 4,200 Insurance $ 1,890 Administrative expenses $ 3,790 Required: 1. Prepare the company’s planning budget for September. 2. Prepare the company’s flexible budget for September. 3. Calculate the revenue and spending variances for September.

Suppose that one individual’s demand curve is D1(p) = 20−p and another individual’s is D2(p) = 10−2p. What is the market demand function? We have to be a little careful here about what we mean by “linear” demand functions. Since a negative amount of a good usually has no meaning, we really mean that the individual demand functions have the form D1(p) = max{20 − p, 0} D2(p) = max{10 − 2p, 0}. What economists call “linear” demand curves actually aren’t linear functions! The sum of the two demand curves looks like the curve depicted in Figure 15.2 (intermediate economics hal varian 8th edition). Note the kink at p = 5.

1) Consider the example of "Adding up Linear Demand Curves" discussed in Ch 15. Choose new numeric values of the two parameters in the individual demand functions, and solve for the resulting market demand curve. Choose numeric values for parameters "a" and "b" in an inverse linear demand curve of the following form: P=a-bQ. If you were in charge of setting the price for a product your company produces, and you had a good estimate of the demand for your product, you could determine an estimate of the total revenue you would make at each price. If you total costs are zero, what price would you set? What is the equation of the marginal revenue curve?

The Freeman Manufacturing Company is considering a new investment. Financial projections for the investment are tabulated below. The corporate tax rate is 40 percent. Assume all sales revenue is received in cash, all operating costs and income taxes are paid in cash, and all cash flows occur at the end of the year. All net working capital is recovered at the end of the project.

a. Compute the incremental net income of the investment for each year. (Do not round intermediate calculations.)

b. Compute the incremental cash flows of the investment for each year. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)

c. Suppose the appropriate discount rate is 11 percent. What is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
  
NPV           $

Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzeria’s owner has determined that the shop has two major cost drivers—the number of pizzas sold and the number of deliveries made.

The pizzeria’s cost formulas appear below:

In November, the pizzeria budgeted for 2,130 pizzas at an average selling price of $18 per pizza and for 250 deliveries.

Data concerning the pizzeria’s actual results in November appear below:

Required:

1. Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reports—the number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 64 students enrolled in those two courses. Data concerning the company’s cost formulas appear below:

For example, administrative expenses should be $3,800 per month plus $41 per course plus $4 per student. The company’s sales should average $890 per student.

The company planned to run four courses with a total of 64 students; however, it actually ran four courses with a total of only 60 students. The actual operating results for September appear below:

Required:

1. Prepare the company’s planning budget for September.

2. Prepare the company’s flexible budget for September.

3. Calculate the revenue and spending variances for September.

ewqrwfqffwefQFWEeqwfqwfwf.ewfqwfio2qjojoefqi.qw5788

The following is a list of balance obtained from Pagoda Enterprise as at 31 ^st. August 2002.

Additional information:

1 .     Inventory on 31 ^st August 2002 was valued at RM2,462.

2. Accrued revenue and expenses during the year were as follows:

i. Discount received RM173

ii. Rent payable RM400

3.         Prepaid revenue and expenses during the year were as follows:

i. Rent received RM330

ii. Carriage outwards     RM80

4.         Vehicles are depreciated at 20% per annum.

5.         Provision for doubtful debts is 10% of accounts receivables

From the above information, you are required to:

1. Prepare Statements of Profit or Loss (Income Statement) for Pagoda Enterprise for the year ended 31 st August 2002.
2. Prepare Statements of Financial Position (balance Sheet) as at that date.

*** How is it incomplete, pls be specific. I have checked the question again from the source i get. What you see is what i get from the source.

qewrwfieaHOJIOFJOJW261erokgpwarofaw1615646w4489f84q9fw1e56

The following is the Trial Balance obtained from Round Enterprise as at 31 ^st. December 2009.

Additional information:

1 .     Inventory as at 31 ^st December 2009 was valued at RM 13,440.

2. Accrued revenue and expenses during the year were as follows:
   1. Commission received RM200 ii. Carriage inwards RM440
3. Prepaid revenue and expenses during the year were as follows:
   1. Discount received RM 330

ii. Carriage outwards RM 150

4. Vehicles are depreciated at 10% per annum.
5. Provision for doubtful debts is 5% of accounts receivables.

From the above information, you are required to:

1. Prepare Statements of Profit or Loss (Income Statement) for Round Enterprise for the year ended 31 ^st December 2009.
2. Prepare Statements of Financial Position (Balance Sheet) as at that date. Thanks appreciate your help.

On January 1, 2021, Ithaca Corp. purchases Cortland Inc. bonds that have a face value of $230,000. The Cortland bonds have a stated interest rate of 6%. Interest is paid semiannually on June 30 and December 31, and the bonds mature in 10 years. For bonds of similar risk and maturity, the market yield on particular dates is as follows: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.):

Required:
1. Calculate the price Ithaca would have paid for the Cortland bonds on January 1, 2021 (ignoring brokerage fees), and prepare a journal entry to record the purchase.
2. Prepare all appropriate journal entries related to the bond investment during 2021, assuming Ithaca accounts for the bonds as a held-to-maturity investment. Ithaca calculates interest revenue at the effective interest rate as of the date it purchased the bonds.
3. Prepare all appropriate journal entries related to the bond investment during 2021, assuming that Ithaca chose the fair value option when the bonds were purchased, and that Ithaca determines fair value of the bonds semiannually. Ithaca calculates interest revenue at the effective interest rate as of the date it purchased the bonds.

Until recently, hamburgers at the city sports arena cost $ 2.50 each. The food concessionaire sold an average of 2250 hamburgers on game night. When the price was raised to $2.80 hamburger sales dropped off to an average of 2,100 per night. The concessionaire's fixed costs were $1725.20 per night and the variable cost was $1.70 per hamburger. Answer the following questions (A) through (F).

(A) Assume that the relationship between price p and demand x is linear. Express p as a function of x and find the domain of this function.

p=

The domain of p is (Type a compound? inequality.)

(B) Find the revenue function in terms of x and state its domain.

R(x)=

The domain of R(x) is (Type a compound? inequality.)

(C) Assume that the cost function is linear. Express the cost function in terms of x.

C(x)=

(D) Graph the cost function and the revenue function in the same coordinate system.

Find the break-even points:

The break-even points are:

(Simplify your answer. Type an ordered pair. Use a comma to separate answers as? needed.)

(E) Find the profit function in terms of x.

P(x)=

(F) Evaluate the marginal profit at x=600 and interpret the results.

The marginal profit at x=150 is $:

a)At a production level of 150 hamburgers, the profit is decreasing at a rate of $ per hamburger.

b)At a production level of 150 hamburgers, the profit is increasing at a rate of $ per hamburger.

QUESTION 42

1. Below is a list of items (all with normal balances) from the Bearkat Company adjusted trial balance as of 12/31/19. The accounts are presented in random order. Additional information is also provided below.

   Unearned Service Revenue	80,000		Salaries Expense	60,000
   Rent Revenue	115,000		Accounts Payable	33,000
   Accounts Receivable	60,000		Cost of Goods Sold	39,500
   Notes Payable	100,000		Land	260,000
   Accumulated Depreciation - Building	22,000		Building	92,000
   Sales	400,000		Retained Earnings	?
   Bonds Payable	90,000		Prepaid Advertising	8,000
   Common Stock	200,000		Allowance for Doubtful Accounts	12,000
   Depreciation Expense	30,000		Cash	175,000

   
   Additional Information:

   • The Cash balance of $175,000 includes $50,000 of restricted funds set aside to retire bonds that mature in 2022.
   • On 12/31/19, Bearkat Company purchased a plot of land for $260,000, shown in the adjusted trial balance above. The land is being held for investment.
   • The Notes Payable account consists of a $100,000 note due in four annual installments of $25,000 each. The first installment is due on 6/30/20, with remaining installments due on 6/30 of 2021-2023.
   • 200,000 shares of $1 par common stock are authorized and outstanding.

   What is the balance of total current liabilities?

   	A.	$138,000.
   	B.	$228,000.
   	C.	$113,000.
   	D.	$58,000.