Few years ago, a well known liberal arts college decided to lower tuitions to make education more affordable to its students. Very much to the surprise of the administration, the following year enrollment declined. Taking note, the college decided to raise tuition back to the previous level and use the extra money to provide students with laptops, tablets, etc, in effect maintaining the cost of college at the intended, lower level. The result: enrollment increased. Is this a violation of the law of demand? What could explain the observed changes in enrollment?

The 2019 financial reporting season saw many Australian companies issue their first annual reports applying the new revenue standard, IFRS/AASB 15 Revenue from contracts with customers. The objective of the new standard was to provide greater clarity and better disclosure of a company’s revenue, as well as more consistency between companies.

Required

Write the impact of applying AASB 15 with reference to the Qantas Group’s 2019 Financial Report.

1. Outline the key changes under the AASB 15, with reference to the Qantas Group Annual Report and AASB 15

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For Each of the following situations,

i) Write the Indirect Utility Function

ii) Write the Expenditure Function

iii) Calculate the Compensating Variation

iv) Calculate the Equivalent Variation

a) U(X,Y) = X^1/2*Y^1/2. M = $288. Initially, PX = 16 and PY = 1. Then the Price of X changes to PX = 9.

i) Indirect Utility Function: __________________________

ii) Expenditure Function: ____________________________

iii) CV = ________________

iv) EV = ________________

Please show your calculations

A company is considering the purchase of an industrial laser for $150,000. The device has a useful life of five years and a salvage (market) value of $30,000 at the end of those five years. Annual revenues are estimated to be $55,000 per year. Annual expenses are guaranteed to be $10,000 per year. Using a MARR = 18%, determine how sensitive the decision is to changes in the estimate of annual revenues? Express your answer as a percent change from the estimated value of $55,000. Write a sentence explaining the meaning of your answer.

In 2017, X Company had the following selling price and per-unit variable cost information:

In 2017, total fixed costs were $643,000.

In 2018, there are only two expected changes. Direct material costs are expected to decrease by $8 per unit, and fixed selling and administrative costs are expected to increase by $10,000. What must unit sales be in order for X Company to break even in 2018?

1. What are the three inventory accounts? List them, describe them and provide an example of the types of costs included in each inventory account.

2. What is the relevant range? Why would cost behaviour changes outside the relevant range? In your answer, describe an example (or examples) in your response.

3. Compare and contrast committed fixed costs and discretionary fixed costs. in your answer, provide at least one example of each type of cost and explain why it is a committed fixed cost or a discretionary fixed cost.

HR Industries (HRI) has a beta of 1.5, while LR Industries's (LRI) beta is 0.7. The risk-free rate is 6%, and the required rate of return on an average stock is 13%. The expected rate of inflation built into r_RF falls by 1.5 percentage points; the real risk-free rate remains constant; the required return on the market falls to 10.5%; and all betas remain constant. After all of these changes, what will be the difference in the required returns for HRI and LRI? Round your answer to two decimal places.

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: A suspension of colloids at room temperature (25°C) contains CaS0₄ in (a) 3 mM and (b) 30 mM concentration. Find the Debye length (in nm) for both the cases. Use relevant data given in lecture 12-13. (c) Why do you suppose the Debye length changes with change in salt concentration? Provide reasoning from colloidal science to support your answer. (d) If NaCI was used instead of CaS0₄, how would the Debye length values change for cases (a) and (b)? (No calculation necessary for part (d))

Mr. and Mrs. B have four children. All were seemingly healthy pregnancies, without complications. When the last child was tested for PKU shortly after birth (as required by law), the results indicated toxic levels of phenylalanine breakdown products in the blood.

Explain how dietary changes can affect the expression of PKU. (See Autosomal Recessive Disorders—Phenylketonuria.)

Discuss the cause of the disease and the probable percentages of inheritance of the disease in children the couple might have in the future. (See Autosomal Recessive Disorders—PKU.)

For each of the following statements, please indicate if it is TRUE or FALSE. Then provide a justification or explanation of your answer to each question in less than 30 words.

1. The golden-rule state for an economy with constant population but where the effective supply of labour grows at a steady rate refers to a condition such that consumption of the total population is maximised.
2. The equation, Y = MV/P, implies that, if the velocity (V) does not change when the money supply (M) changes, then the government can raise national income (Y) by printing more money (M).