2. Suppose an individual has quasi-linear preferences goods forxandydescribed by U (x, y) = 4√x+y. Recall this means that MUx=2√x and MU y= 1. Suppose that Px=1,Py= 2 and I= 24.
(a) Plot the income consumption curve associated with a change in income from I= 24 to I= 34.(To do this problem, you would need to calculate the optimal consumption associated with eachof these incomes. Or you could look at the solutions to HW #3.)
(b) What shape would the Engel curve have?
(c) Now we are back to considering only an income of I= 24. What utility level is associated with that at the old prices.
(d) Suppose the price of x increases to 4. Find the optimal level of x and y at the old utility level but the new prices.
(e) Now find the optimal level of x and y at the new price level.
(f) Having done this, calculate for good x the substitution effect, the income effect, and the total effect of the price change.
In: Economics
The plant H(s)=40/(S^2+4) is now put in a unity-feedback connection with a proportionalderivative compensator
Cpd(s) = K(1 + sT), where K and T are real constants to be determined. The closed-loop is stable with a constant step-response error of +20% in steady state. Ignore implementation issues arising from the improperness of the compensator. (a)Determine K.
(b)What range of values can T take?
(c) What is the gain margin?
(d) If the gain cross-over frequency is 10 rad/s, determine the phase margin in radians.
(e) Assuming gain cross-over at 10 rad/s, sketch the Bode diagrams for the open-loop transfer function. Indicate and evaluate all relevant features: asymptotes, asymptotic slopes, any breakpoints, and the exact magnitude and phase at each breakpoint.
(f) Suppose there is a delay ∆ > 0 (s) in the plant, in series with H(s). i. Briefly explain whether or not this this would change the gain cross-over frequency. ii. What range of ∆ could be tolerated? What would happen to the closed-loop system for ∆ values outside this range?
(g) A colleague of yours decides to instead use an alternative compensator of form Ca(s) = k(1 + sτ )(s 2 + 4) (1 + sτ0) 3 in a unity-feedback configuration with H(s). He claims this effectively ‘removes’ the plant dynamics, and simplifies his controller design. He chooses positive constants k, τ and τ0 that ensure stability of the transfer function from the reference r to output y, and implements his design on the physical plant. However, the physical system does not behave as he anticipated. Explain what he observes, and why.
In: Physics
Exercise 11-7 Net Present Value Analysis and Simple Rate of Return [LO11-2, LO11-4]
|
Derrick Iverson is a divisional manager for Holston Company. His annual pay raises are largely determined by his division’s return on investment (ROI), which has been above 20% each of the last three years. Derrick is considering a capital budgeting project that would require a $4,200,000 investment in equipment with a useful life of five years and no salvage value. Holston Company’s discount rate is 18%. The project would provide net operating income each year for five years as follows: |
| Sales | $ | 3,600,000 | |
| Variable expenses | 1,550,000 | ||
| Contribution margin | 2,050,000 | ||
| Fixed expenses: | |||
|
Advertising, salaries, and other fixed out-of-pocket costs |
$700,000 | ||
| Depreciation | 700,000 | ||
| Total fixed expenses | 1,400,000 | ||
| Net operating income | $ | 650,000 | |
|
Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables. |
| Required: |
| 1. |
Compute the project's net present value. (Use the appropriate table to determine the discount factor(s), intermediate calculations and final answer to the nearest dollar amount.) |
| 2. |
Compute the project's simple rate of return. (Round your answer to 1 decimal place. i.e. 0.123 should be considered as 12.3%.) |
| 3-a. | Would the company want Derrick to pursue this investment opportunity? | ||||
|
| 3-b. | Would Derrick be inclined to pursue this investment opportunity? | ||||
|
In: Accounting
| July | 3 | Purchase CDs on account from Wholesale Music for $2,050, terms 2/10, n/30. | ||
| July | 4 | Pay cash for freight charges related to the July 3 purchase from Wholesale Music, $120. | ||
| July | 9 | Return incorrectly ordered CDs to Wholesale Music and receive credit, $200. | ||
| July | 11 | Pay Wholesale Music in full. | ||
| July | 12 | Sell CDs to customers on account, $5,300, that had a cost of $2,750. | ||
| July | 15 | Receive full payment from customers related to the sale on July 12. | ||
| July | 18 | Purchase CDs on account from Music Supply for $2,850, terms 2/10, n/30. | ||
| July | 22 | Sell CDs to customers for cash, $3,950, that had a cost of $2,250. | ||
| July | 28 | Return CDs to Music Supply and receive credit of $250. | ||
| July | 30 | Pay Music Supply in full. |
Required:
1. Assuming that CD City uses a perpetual inventory system, record the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) ONLY need for JULY 11st.
2. Prepare the top section of the multiple-step income statement through gross profit for the month of July.
In: Accounting
| Clan | ||||
| Village | Ravena | Namo | Faea | Total |
| Kifika | 31 | 2 | 43 | 76 |
| Tafua | 4 | 16 | 46 | 66 |
| Taumako | 39 | 6 | 16 | 61 |
| Fanarere | 10 | 3 | 2 | 15 |
| Total | 84 | 27 | 107 |
218 |
Calculate the expected values of the null hypothesis, and put these into a table.
Calculate the Chi-Squared value for the observed data.
Calculate the degree of freedom.
Find the critical value using the Chi-Square critical value
In: Statistics and Probability
| Peoples | ||||
| Towns | River | King | Top | Total |
| Thurs | 31 | 2 | 43 | 76 |
| Sac | 4 | 16 | 46 | 66 |
| Roading | 39 | 6 | 16 | 61 |
| Fandom | 10 | 3 | 2 | 15 |
| Total | 84 | 27 | 107 | 218 |
1.Calculate the Chi-Squared value for the observed data
2. Calculate the degree of freedom
3. Find the critical value using the Chi-Square critical value table linked below
In: Statistics and Probability
explain safe food storage temperature
2) ways to keep food safe.
3)food danger zones
4)definition of organic food and risks of genetically modified foods.
In: Anatomy and Physiology
CP8-4 Accounting for Accounts and Notes Receivable Transactions [LO 8-2, LO 8-3]
[The following information applies to the questions displayed below.]
|
Execusmart Consultants has provided business consulting services for several years. The company uses the percentage of credit sales method to estimate bad debts for internal monthly reporting purposes. At the end of each quarter, the company adjusts its records using the aging of accounts receivable method. The company entered into the following partial list of transactions. |
| a. |
During January, the company provided services for $300,000 on credit. |
| b. | On January 31, the company estimated bad debts using 1 percent of credit sales. |
| c. | On February 4, the company collected $150,000 of accounts receivable. |
| d. | On February 15, the company wrote off a $650 account receivable. |
| e. | During February, the company provided services for $250,000 on credit. |
| f. |
On February 28, the company estimated bad debts using 1 percent of credit sales. |
| g. |
On March 1, the company loaned $11,000 to an employee, who signed a 12% note due in 3 months. |
| h. | On March 15, the company collected $650 on the account written off one month earlier. |
| i. | On March 31, the company accrued interest earned on the note. |
| j. |
On March 31, the company adjusted for uncollectible accounts, based on the following aging analysis. Allowance for Doubtful Accounts has an unadjusted credit balance of $8,000. |
| Number of Days Unpaid | |||||||||||||||
| Customer | Total | 0–30 | 31–60 | 61–90 | Over 90 | ||||||||||
| Arrow Ergonomics | $ | 2,200 | $ | 900 | $ | 800 | $ | 500 | |||||||
| Asymmetry Architecture | 3,000 | $ | 3,000 | ||||||||||||
| Others (not shown to save space) | 97,100 | 37,100 | 49,000 | 6,000 | 5,000 | ||||||||||
| Weight Whittlers | 3,000 | 3,000 | |||||||||||||
| Total Accounts Receivable | $ | 105,300 | $ | 41,000 | $ | 49,800 | $ | 6,500 | $ | 8,000 | |||||
| Estimated Uncollectible (%) | 4 | % | 10 | % | 20 | % | 40 | % | |||||||
| 1. |
For items (a)–(j), analyze the amount and direction (+ or –) of effects on specific financial statement accounts and the overall accounting equation. TIP: In item (j), you must first calculate the desired ending balance before adjusting the Allowance for Doubtful Accounts. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign.) |
|
| 2. |
Prepare the journal entries for items (a)–(j). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) |
| 3. |
Show how Accounts Receivable, Notes Receivable, and their related accounts would be reported in the current assets section of a classified balance sheet at the end of the quarter on March 31. |
| 4. |
Sales Revenue and Service Revenue are two income statement accounts that relate to Accounts Receivable. Name two other accounts related to Accounts Receivable and Note Receivable that would be reported on the income statement and indicate whether each would appear before, or after, Income from Operations for Execusmart Consultants. |
In: Accounting
Please write 4 paragraphs with each paragraph containing 50-60 words.
2. How does accounts receivable differ from the revenue cycle?
In: Operations Management
Given P=+3.0%, q=-2% station of PI= 4+350 and
elevation of PI=190.500m if L=250m,determine the station and
elevation of the PC and PT
Calculate the elevation at every 20m station and locate the station
and elevation of the highest point of the curve , plot the profile
of the curve
In: Civil Engineering