Flathead Artifacts (a retailer) has the following sales budget for next year. Flathead has a gross margin of 40%. Flathead sells everything on credit. Accounts are expected to be collected as follows: 35% in the quarter of the sales; 55% in the quarter following the sale; 10% in the second quarter following the sale.

A. What is budgeted cost of goods sold for Quarter 3?

B. What is accounts receivable on the balance sheet at the end of Quarter 4?

Enter a number (no punctuation or other characters).

Emerald Motors is an automobile dealer. The controller consults with you about the type of accounting used for a special offer to its new car customers. Emerald has offered to provide at no charge to the customer the first four recommended service visits (i.e., at 3,000, 6,000, 9,000, and 12,000 miles). It is a virtual certainty that all customers will exercise their rights to the service, and the cost of the services can be accurately estimated. The controller reasons that the estimated cost should be accrued when the sale of an automobile is made so that all of the costs of the sale can be matched with the revenue. How would you respond to the controller?

CF and NPV for a project: Midland Ltd is considering buying a new farm that it plans to operate for 10 years. The farm will require an initial investment of $12,000,000. The investment will consist of $2,000,000 for land and $10,000,000 for trucks and other equipment. The land, all trucks, and all other equipment are expected to be sold at the end of 10 years at a price of $5 million, $2 million above book value. The farm is expected to produce revenue of $1,800,000 each year, and an after tax annual cash flow from operations of $1,551,600. The tax rate is 35 percent, and the appropriate discount rate is 13.80 percent. NPV = $________

Conscious Capitalism - Bikes Simulation I am sure individually each of you are happy/unhappy about the performance on certain measure(s) (net profit, market share, balanced scorecard, cumulative balanced scorecard, revenue, expense, cost, etc) of your team/company.  Individually identify the performance criteria on which your company is performing below expectation and on which it's performing above expectation. Also, provide reasons for each of them. Next, describe if you personally could have done anything to help the performance. (Also, your response needs to be at least 3 paragraphs)

Projecting revenues, cost of goods sold, and inventory

use the following data for Walgreens in years 11 and 12 to project revenues, cost of goods sold, and inventory for year +1. Assume that Walgreen's year +1 revenue growth rate, gross profit margin and inventory turnover will be identical to year 12. Project the average inventory balance in year+1 and use it to compute the implied ending inventory balance.

Walgreens (data in millions) Year 11 Year 12

Sales revenues $53,762 $59,034

Cost of goods sold $38,518 $42,391

Ending inventory $ 6,791 $ 7,249

Based on market research, a monopolist obtains the following information about the market demand and production costs:

Demand: ? = 1,000 − 10?

Marginal Revenue: ?? = 1,000 − 20?

Marginal Cost: ?? = 100 + 10?

where ? is the quantity and ? is the price.

a. Draw demand, MR and MC curves. Clearly display the price and quantity the monopolist chooses. Y-axis measures costs ($) and X-axis measures quantity in your graph.

b. Find the price and quantity that maximize the firm’s profit.

c. Calculate the total surplus and deadweight loss from monopoly.

d. Find the price and quantity that maximize social welfare (total surplus).

Markets are separated into two broad categories based on their level of competition. On the one hand there are perfectly competitive markets and on the other hand, there are all other market structures which are grouped under imperfect competition. Markets under imperfect competition are generally described by fewer firms with each firm having some degree of market power depending on the number of firms in the market. Discuss the fundamental differences between perfect competition and imperfect competition (include a discussion of marginal revenue). In addition, discuss how the degree of market power effects the welfare of producers, consumers, and society. 20 Points

1.) You would expect to find product differentiation in which market structures?

a. Natural monopoly and oligopoly

b. Oligopoly and monopolistic competition

c. Monopolistic competition and monopoly

d. Very competitive markets only

2.)A firm should not shut down if

a. It can cover variable costs

b. All of these

c. Variable costs are greater than fixed costs

d. Fixed costs are very low

3.)If marginal cost is greater than marginal revenue the firm should

a. Exit the market

b. Shutdown

c. Reduce output

d. Increase output

Markets are separated into two broad categories based on their level of competition. On the one hand there are perfectly competitive markets and on the other hand, there are all other market structures which are grouped under imperfect competition. Markets under imperfect competition are generally described by fewer firms with each firm having some degree of market power depending on the number of firms in the market. Discuss the fundamental differences between perfect competition and imperfect competition (include a discussion of marginal revenue). In addition, discuss how the degree of market power effects the welfare of producers, consumers, and society. 20 Points

Suppose that the market demand for expensive steak dinners is given​ by:

Q = 1,000−10P​,

so that the marginal revenue​ is:

MR = 100−0.2Q​,

where Q is the number of steak dinners per day and P is the price of a dinner. The marginal cost and average total cost are both constant and equal to ​$40 per dinner.

Suppose that there is only one firm in the market.

Suppose that a second firm that produces identical steaks and has identical costs enters the market and acts according to the Cournot oligopoly model.

The equilibrium price is?

The total equilibrium quantity is how many dinners?

Each​ firm's economic profit is?