Lobster Trap Company is considering automating its manufacturing facility. Company information before and after the proposed automation follows:

Required:
1. Calculate Lobster Trap’s break-even sales dollars before and after automation. (Round your contribution margin ratio to 4 decimal places and final answers to 2 decimal places.)

Sanchez, Inc. reports the following liabilities (in thousands) on its December 31, 2022, balance sheet and notes to the financial statements.

Prepare the liabilities section of Sanchez’s balance sheet as at December 31, 2022.

Bramble Corp. and its divisions are engaged solely in manufacturing operations. The following data pertain to the segments in which operations were conducted for the year ended December 31, 2021.

In its segment information for 2021, how many reportable segments does Bramble have?

13. Suppose a firm offers a divisional manager linear pay-for-performance contract based on the revenues of the division the manager leads. The manager’s pay includes a fixed yearly salary F and a fraction of the division’s revenue a that is paid to the manager. Suppose the demand for this type of divisional manager increases, meaning that the firm has to increase this manager’s pay in order to retain him or her. Should the firm do this by increasing the salary F, the commission a, or both? Explain in detail

THE ANSWER SHOULD BE TAKEN FROM"economies of strategy 6th edition"

you are kindly requested to write a detailed answer

uppose the government of Mascolia is considering replacing its income tax system with a consumption tax. Assume that the government's revenue requirement would be the same under either system.

(a) How would the base of a consumption tax compare with the base of an income tax? Does this have implications for the magnitude of the tax rate on consumption versus the magnitude of the tax rate on income? Explain.
(b) Compare the income tax and consumption tax in terms of vertical equity, assuming that both tax all people at the same rate (for example, a 20% tax on income and a 20% sales tax).

Question 3:

Comment on the following statements:

1. “The balance sheet is pretty useless for decision making. It only shows the position at a single point in time and a past point in time, at that.”

2. A company’s income statement shows an annual sales revenue of about AED 60 million and interest payable of AED 6.5 million. The auditors discovered that an employee had fraudulently paid himself AED 2,000 and charged this to ‘interest payable’ in the income statement.

Would the auditors be reasonable to conclude that the income statement fails to show a ‘fair representation’ of what happened during the year concerned?

QUESTION 1

Suppose that the government of China decided to impose a per unit tax on the suppliers of salt.

a. Using a supply and demand model, show and explain the impact that the per-unit tax had on the equilibrium price and quantity of salt.

b. Using the diagram created for your answer to (a), show and explain what effect the per unit tax had on consumer surplus, producer surplus and deadweight loss.

c. List three reasons a government may impose a tax. Discuss the link between government revenue from taxation and elasticity of demand. [max words: 250]

Find the Operating cycle and Cash cycle (show work).

"A firm is considering purchasing a computer system. The following data has been collected. - Cost of the system: $165,000 - Project life: 6 years - Salvage value at the end of year 6: $19,000 - Depreciation method: five-year MACRS - Tax rate: 32% - Annual revenue from project: $120,000 - Annual expenses (not including depreciation): $78,000 The firm will borrow the entire $165,000 at 5.5% interest to be repaid in 2 annual payments. The firm's MARR is 19%. Determine the IRR for the computer system. Enter your answer as a percentage between 0 and 100."

For this question, you need to prepare a flexible budget and offer a critical analysis of the performance of different items.

The following are the budgeted and actual income statements for Baxter Ltd for the month of July:

All of this is in pounds.