Questions
Based on the information below, answer questions (a)-(g) Price (P) Quantity (Q) Revenue Marginal Revenue 20...

  1. Based on the information below, answer questions (a)-(g)

Price (P)

Quantity (Q)

Revenue

Marginal Revenue

20

0

18

2

16

4

14

6

12

8

10

10

8

12

6

14

4

16

2

18

0

20

(a) Based on the information above write down the demand equation.

(b) Write down the marginal revenue equation.

(c) Given that the marginal cost is Q, what would be the profit maximizing level of Q?

(d) What would be the profit maximizing level of P?

(e) What would be the price elasticity at the profit maximizing P?

(f) What would be the maximized profit?

(g) Draw a well-labeled graph that shows your answers from questions (a)-(f).

In: Economics

Assume Domino's Pizza has the following monthly revenue and cost functions: Total Revenue= $10.00x Total Cost=...

Assume Domino's Pizza has the following monthly revenue and cost functions:

Total Revenue= $10.00x Total Cost= $16000+$4.00x

a. Prepare a graph illistrating Domino's cost-volume-profit relationship. The vertical axis should range from $0 to $72,000, in increments os $12,000. The horizontal axis should range from 0 units to 6,000 units, in increments of 2,000 units.

b. Prepare a graph illustrating Domino's profit-volume relationship. The horizontal axis should range from 0 units to 6,000 units, in increments of 2,000 units.

c. When is it most appropriate to use a profit-volume graph?

In: Accounting

Multiple Choice 1) A classified balance sheet: • Organizes assets and liabilities into important subgroups that...

Multiple Choice

1) A classified balance sheet:

• Organizes assets and liabilities into important subgroups that provide more information.
• Broadly groups items into assets, liabilities and equity.
• Measures a company's ability to pay its bills on time.
• Reports the effect of profit and dividends on retained earnings.
• Reports operating, investing, and financing activities.

2) A credit entry:

• Is recorded on the left side of a T-account.
• Decreases asset and expense accounts, and increases liability, stockholders' equity, and revenue accounts.
• Is always an increase in an account.
• Is always a decrease in an account.
• Increases asset and expense accounts, and decreases liability, stockholders' equity, and revenue accounts.

3) A debit:

• ls the left-hand side of a T-account.
• Is the right-hand side of a T-account.
• Is not need to record a transaction.
• Always decreases an account.
• Always increases an account.

4) A double-entry accounting system is an accounting system:

• That records each transaction twice.
• That insures that errors never occur.
• That may only be used if T-accounts are used.
• In which each transaction affects and is recorded in two or more accounts but that could include two debits and no
credits.
• That records the effects of transactions and other events in at least two accounts with equal debits and credits.

5) Accounting is an information and measurement system that does all of the following except:

• Communicates business activities.
• Records business activities.
• Helps people make better decisions.
• ldentifies business activities.
• Eliminates the need for interpreting financial data.

6) An account linked with another account that has an opposite normal balance and is subtracted from
the balance of the related account is a(n):

• Adjunct account.
• Accrued expense
• Accrued revenue.
• Intangible asset.
• Contra account.

7) Closing the temporary accounts at the end of each accounting period does all of the following except:

• Brings the revenue and expense accounts to zero balances.
• Serves to trarnsfer the effects of these accounts to the retained earnings account on the balance sheet.
• Causes retained earnings to reflect increases from revenues and decreases from expenses and dividends.
• Prepares the dividends account for use in the next period.
• Has no effect on the retained earnings account.

8) Fragmental Co. leased a portion of its store to another company for eight months beginning on
October 1, at a monthly rate of $800. Fragmental collected the entire $6,400 cash on October 1 and
recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, the adjusting
entry made by Fragmental Co. on December 31 would be

• Adebit to Rent Revenue anda credit to Unearned Rent for $2,400.
• A debit to Unearned Rent and a credit to Rent Revenue for $2,400.
• A debit to Rent Revenue and a credit to Cash for $2,400.
• A debit to Cash and a credit to Rent Revenue for $6,400.
• A debit to Unearned Rent and a credit to Rent Revenue for $4,000.

9) Holman Company owns equipment with an original cost of $95,000 and an estimated salvage value of
$5,000 that is being depreciated at $15,000 per year using the straight-ine depreciation method, and
only prepares adjustments at year-end. The adjusting entry needed to record annual depreciation is

• Debit Depreciation Expense, $10,000; credit Accumulated Depreciation, $10,000.
• Debit Equipment, $15,000: credit Accumulated Depreciation, $15,000.
• Debit Depreciation Expense, $10,000; credit Equipment, $10,000.
• Debit Depreciation Expense, $15,000; credit Equipment, $15,000.
• Debit Depreciation Expense, $15,000; credit Accumulated Depreciation, $15,000.

10) It is obvious that an error occurred in the preparation and/or posting of closing entries if:

• the income summary account is debited for the amount of net income for the period.
• all revenue and expense accounts have zero balances.
• all balance sheet accounts have zero balances.
• only permanent accounts appear on the post-closing trial balance.
• the retained earnings account is debited for the amount of the net loss for the period.

In: Accounting

1. All of the following are examples of barriers to entry, except: A: Legal restrictions B:...

1. All of the following are examples of barriers to entry, except:

A: Legal restrictions

B: Many small firms

C: Patents

D: Licenses

2. When demand is inelastic, what can we infer about marginal revenue?

A: Marginal revenue is positive

B: Marginal revenue is constant.

C: Marginal revenue is zero.

D: Marginal revenue is negative.

3. A monopolist will stop producing when:

A: Marginal revenue equals marginal cost.

B: Total revenue exceeds total cost.

C: Marginal revenue is greater than marginal cost.

D: Marginal revenue is less than marginal cost.

4. All of the following are true statements comparing perfectly competitive markets and monopoly markets, except:

A: Monopoly markets produce less output than PC markets.

B: For PC markets MR = MC, and for Monopoly markets MR > MC.

C: For monopoly markets, P > MR, and for PC markets P = MC.

D: Monopoly markets charge a higher price than PC markets.

5. All of the following are conditions that must be met before a firm can exercise price discrimination, except:

A: Demand curve must be downward sloping.

B: At least two distinct groups of consumers with differing elasticities.

C: The firm must be very large in size.

D: The firm must be able to prevent re-sale of the product.

In: Economics

Risky Investor Group is opening an office in​ Portland, Oregon. Fixed monthly costs are office rent...

Risky Investor Group is opening an office in​ Portland, Oregon. Fixed monthly costs are office rent ​($ 8500​), depreciation on office furniture ($ 1600), utilities ​($ 2 400​), special telephone lines ​($ 1200​), a connection with an online brokerage service ​($ 2500​), and the salary of a financial planner ​($ 18800​). Variable costs include payments to the financial planner ​(9​% of​ revenue), advertising (11 % of​ revenue), supplies and postage ​(4​% of​ revenue), and usage fees for the telephone lines and computerized brokerage service (6 % of​ revenue).

1. Use the contribution margin ratio approach to compute Risky's break even revenue in dollars. If the average trade leads to $ 1250 in revenue for Risky how many trades must be made to break​ even?

2. Use the equation approach to compute the dollar revenues needed to earn a monthly target profit of $14,000.

3. Graph Risky​'s CVP relationships. Assume that an average trade leads to $1250 in revenue for Risky. Show the breakeven​ point, the sales revenue line, the fixed cost​ line, the total cost​ line, the operating loss​ area, the operating income​ area, and the sales in units​ (trades) and dollars when monthly operating income of $14000 is earned.

4. Suppose that the average revenue Risky earns increases to $2,500 per trade. Compute the new breakeven point in trades. How does this affect the breakeven​ point?

In: Accounting

Question: Please open “PERFORMANCE” data. Data is about a survey result of manager who is planning...

Question: Please open “PERFORMANCE” data. Data is about a survey result of manager who is planning to make a research on influence of competence and motivation on employees’ performance. However; he suspects whether there is a multicollinearity or not in his regression model he is planning to construct and he requested your help. Please support him with implementing multi collinearity analysis and report your findings. Your report must contain scatter plot matrix, correlation matrix, and a regression output including the VIF values. (Please perform it on spss)

No Competence Motivation Performance
1 32 34 36
2 35 37 39
3 38 45 49
4 31 41 41
5 36 40 38
6 32 38 36
7 33 39 37
8 31 40 41
9 30 37 40
10 35 37 43
11 31 34 36
12 34 32 35
13 31 42 34
14 25 36 40
15 35 42 40
16 36 41 44
17 30 38 32
18 34 41 41
19 34 41 44
20 22 27 26
21 27 26 33
22 30 30 35
23 30 35 37
24 37 39 44
25 29 35 36
26 31 35 29
27 31 45 41
28 29 30 32
29 29 35 36
30 31 37 37
31 36 45 42
32 32 44 39
33 27 26 31
34 33 39 35
35 20 25 28
36 30 36 39
37 27 37 39
38 25 39 36
39 32 38 38
40 32 38 35

In: Statistics and Probability

Part 2 Please open “PERFORMANCE” data. Data is about a survey result of manager who is...

Part 2 Please open “PERFORMANCE” data. Data is about a survey result of manager who is planning to make a research on influence of competence and motivation on employees’ performance. However; he suspects whether there is a multicollinearity or not in his regression model he is planning to construct and he requested your help. Please support him with implementing multi collinearity analysis and report your findings. Your report must contain scatter plot matrix, correlation matrix, and a regression output including the VIF values.

Performance Dataset
No Competence Motivation Performance
1 32 34 36
2 35 37 39
3 38 45 49
4 31 41 41
5 36 40 38
6 32 38 36
7 33 39 37
8 31 40 41
9 30 37 40
10 35 37 43
11 31 34 36
12 34 32 35
13 31 42 34
14 25 36 40
15 35 42 40
16 36 41 44
17 30 38 32
18 34 41 41
19 34 41 44
20 22 27 26
21 27 26 33
22 30 30 35
23 30 35 37
24 37 39 44
25 29 35 36
26 31 35 29
27 31 45 41
28 29 30 32
29 29 35 36
30 31 37 37
31 36 45 42
32 32 44 39
33 27 26 31
34 33 39 35
35 20 25 28
36 30 36 39
37 27 37 39
38 25 39 36
39 32 38 38
40 32 38 35

In: Statistics and Probability

QUESTION 13 Psychology Final Question 1 A professor teaches two sections of a Psychology class. The...

QUESTION 13
Psychology Final Question 1
A professor teaches two sections of a Psychology class. The placement of the enrolled students in the two sections is done randomly. In Section 1, students are required to participate in weekly study groups. In Section 2, there is no such requirement. The data file FINAL.MWX (for Minitab 19) or FINAL.MTW (for Minitab 18) contains the final exam scores of students in these two sections. Let µ1 and µ2 denote the average score in Section 1 and Section 2, respectively.
Find a 90% confidence interval for µ2-µ1.
a. (-6.38, -0.82)   
b. (9.43, 14.52)   
c. (-14.46, -9.49)
d. (-5.61, -0.05)
e. (1.27, 7.89)

Class 1 Class 2
50 74
73 79
54 68
90 62
63 55
70 76
70 66
47 81
81 64
93 88
69 97
62 72
38 78
65 81
82 77
48 81
38 85
57 78
65 79
40 62
62 95
44 52
60 100
67 78
63 82
85 67
71 80
69 70
95 72
85 83
90 73
60 68
49 90
55 70
35 76
82 81
82 86
85 63
51 65
78 77
42 82
40 54
82 85
82 59
60 97
76 81
79 76
69 71
90 78
39 85
41 80
42 75
59 48
47 66
61 75
59 94
38 62
44 92
48 86
66 68
71 58
64 95
84 61
60 72
77 83
63 87
62 94
42 94
60 59
73 53
38 67
52 68
40 64
42 65
86 74
83 91
94 68
73 78
42 86
60 74
65 68
57 82
94 62
44 83
39 62
76 78
37 77
62 72
51 61
40 60
55 65
74 69
35 82
90 45
78 70
44 89
66 73
78 92
84 78
52 71
63 85
62 56
88 91
80 53
88 91
65 67
91 87
66 49
36 64
86 79
82 73
73 66
38 66
42 80
39 92
73 80
73 87
93 61
75 83
51 71
47 86
75 73
57 70
66 76
41 56
40 71
59 83
81 84
56 92
41 69
81 88
80 72
49 62
69 75
79 57
69 78
62 83
93 73
76 80
36 84
95 90
80 99
66 78
74 94
68 74
67 64
79 97
37 69
66 89
52 87
81 79
42 57
73 75
55 79
46 88
81 85
92 64
84 66
76 84
36 75
65 97
35 76
61 62
38 82
48 90
44 52
64 81
78 43
61 88
71 67
49 77
65 83
72 85
67 58
40 86
56
71
75
80
94
74
87
89
70
73
66
66
90
84
87
76
94
61
69
78
51
76
87
62
78

In: Statistics and Probability

You are given the following market supply and demand curves in the Widget industry: QD =...

You are given the following market supply and demand curves in the Widget industry:

QD = 250 – 5p

QS = 10p – 100

Next, assume that the government has granted a monopoly to ABC Company to produce widgets. Answer the following questions based on this information:

(a) What is the marginal cost curve for ABC Company?

(b) What is the equation for the marginal revenue curve for ABC Company?

(c) Given your answers to parts (a) & (b), what quantity should ABC Company produce to maximize profits?

(d) What price would ABC Company be charging at the profit maximizing level of output?

In: Economics

Purchase-Related Transactions Using Periodic Inventory System The following selected transactions were completed by Niles Co. during...

Purchase-Related Transactions Using Periodic Inventory System

The following selected transactions were completed by Niles Co. during March of the current year:

Mar. 1. Purchased merchandise from Haas Co., $43,250, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $650 was added to the invoice.
5. Purchased merchandise from Whitman Co., $19,175, terms FOB destination, n/30.
10. Paid Haas Co. for invoice of March 1.
13. Purchased merchandise from Jost Co., $15,550, terms FOB destination, 2/10, n/30.
14. Issued debit memo to Jost Co. for $3,750 of merchandise returned from purchase on March 13.
18. Purchased merchandise from Fairhurst Company, $13,560, terms FOB shipping point, n/eom.
18. Paid freight of $140 on March 18 purchase from Fairhurst Company.
19. Purchased merchandise from Bickle Co., $6,500, terms FOB destination, 2/10, n/30.
23. Paid Jost Co. for invoice of March 13 less debit memo of March 14.
29. Paid Bickle Co. for invoice of March 19.
31. Paid Fairhurst Company for invoice of March 18.
31. Paid Whitman Co. for invoice of March 5.

Required:

Journalize the entries to record the transactions of Niles Co. for March using the periodic inventory system. If an amount box does not require an entry, leave it blank.

Mar. 1 fill in the blank 2 fill in the blank 3
fill in the blank 5 fill in the blank 6
fill in the blank 8 fill in the blank 9
Mar. 5 fill in the blank 11 fill in the blank 12
fill in the blank 14 fill in the blank 15
Mar. 10 fill in the blank 17 fill in the blank 18
fill in the blank 20 fill in the blank 21
fill in the blank 23 fill in the blank 24
Mar. 13 fill in the blank 26 fill in the blank 27
fill in the blank 29 fill in the blank 30
Mar. 14 fill in the blank 32 fill in the blank 33
fill in the blank 35 fill in the blank 36
Mar. 18-purchase fill in the blank 38 fill in the blank 39
fill in the blank 41 fill in the blank 42
Mar. 18-freight fill in the blank 44 fill in the blank 45
fill in the blank 47 fill in the blank 48
Mar. 19 fill in the blank 50 fill in the blank 51
fill in the blank 53 fill in the blank 54
Mar. 23 fill in the blank 56 fill in the blank 57
fill in the blank 59 fill in the blank 60
fill in the blank 62 fill in the blank 63
Mar. 29 fill in the blank 65 fill in the blank 66
fill in the blank 68 fill in the blank 69
fill in the blank 71 fill in the blank 72
Mar. 31-Fairhurst fill in the blank 74 fill in the blank 75
fill in the blank 77 fill in the blank 78
Mar. 31-Whitman fill in the blank 80 fill in the blank 81
fill in the blank 83 fill in the blank 84

In: Accounting