Use the table to answer the following questions

a) What is the price of the product? b) What is the marginal revenue from the fourth unit output? c) What is the profit, when firm produce 5 units?

Money matters -- and it really matters in the nonprofit sector. Yet a proper system of accessing capital does not exist in the nonprofit sector the way it does in the private sector. Through a combination of philanthropy, government support and/or contracts, and if applicable, earned revenue, nonprofits cobble together revenue to survive and deliver services.

• But is this any way to grow or sustain a sector?
• Is there a better way?
• Please include 3-5 paragraphs.

3. What is the relationship between cash flows from operations and Income for the year of the statement?

4. Explain the difference between the direct method and the indirect method of disclosing cash flows from operations.

5. Do you believe that cash inflows and outflows associated with nonoperating items such as interest expense, interest revenue, and dividend revenue, should be separated from operating cash flows? Explain.

During the classic period the court lifted the veil on a number of occasions - from the list below select the correct answers (you may choose more than one answer)

Group of answer choices

When groups of companies should be viewed as one single entity. (DHN Food Distributors)

Defendant set up a company to solicit customers he was prohibited from soliciting due to previous employment contract (Gilford Motor Co v Horne)

Setting up a company to avoid an estate contract (Jones v Lipman);

Setting up a company to force compulsory purchase of minority shareholdings (Re Bugle Press).

Dealing with the enemy (Daimler v Continential Tyre);

Lord Denning argued in DHN Food Distributors v Tower Hamlets that groups of companies should be viewed as one single entity.

Group of answer choices

True

False

The key question in the case of Adams v Cape Industries was ?

Group of answer choices

It is possible for a company to be held as a mere facade even though it was not originally set up as a sham.

The company was used for some impropriety unconnected to the corporate form.

If there was an existence of an agent-principal relationship.

Whether Cape, the parent company, had a presence in the US through it subsidiaries.

The three situations where the case of Adams v Cape limited veil lifting to are :-

1. Where the interpretation of a statute or document shows that the group of companies is to be treated as one;
2. Where a company is being used as a sham or mere facade;
3. Where there is no agent-principal relationship

1. Find x and y so that the ordered data set has a mean of 42 and a median of 35, hence compute the harmonic mean and geometric mean of the data sample.

       17, 22, 26, 29, 34, x, 42, 67, 70, y                                                         

2. The lengths, in centimeters, of 18 snakes are given below. Draw an ordered stem-and-leaf diagram for the data.                                                                                                                                    

24, 62, 20, 65, 27, 67, 69, 32, 40, 53, 55, 47, 33, 45, 55, 56, 49, 58

3. Costs of production have been monitored for some time within a company and the following data found:

1. Calculate the correlation coefficient.                                                                        
2. Calculate the coefficient of determination and explain its significance for the company.                                                                                                                                                   

4. Using the following frequency distribution table;

Find

1. The mean                                                                                                       
2. Median                                                                                                           
3. Standard deviation                                                                                         
4. Coefficient of skewness and comment                                                          

5. A single fair die is tossed. What is the probability that the score is a prime number?                
6. The following data represents the comparison made between the price of a consumer product and the corresponding demand.

      Determine the linear regression equation of the form y= a+bx that relates price (x) and demand (y).                                                                                                                                                                        

7. An integer is randomly selected between 1 and 50, inclusively. Find the probability that the number is not divisible by 7.                                                                                                                              

There are three arrangements of the word DAD, namely DAD, ADD, and DDA. How many arrangements are there of the word PROBABILITY?            

MegaCorp's corporate headquarters, built in 1970, has asbestos in its insulation. The company's financial statements reflect a $5 million asset retirement obligation (ARO) for the eventual remediation of the asbestos. This ARO was initially estimated and recorded in 2005 when the company adopted FIN 45, Accounting for conditional Asset Retirement obligations. (note: amounts recorded for ARO are generally estimated because it is not always possible to know how much remediating asbestos - or other like issues - will ultimately cost) MegaCorp is a public company with a calendar year-end.

While performing routing maintenance work on the facility, additional sampling identified that presence of asbestos in more places than the company had documented during its initial estimate. The company now believes that total cost to remediate the asbestos will be $9 million. The initial estimate ($5 million) was based on sampling around the plant for areas containing asbestos. The newly discovered areas wutg asbestis were in a part of the facility that was not sampled.

Required: Assume that you are in the controller's group of MegaCorp and have been asked to prepare an accounting issues memorandum documenting your consideration of the following issues. this should be complete memorandum with all sections and appropriate headings, etc.

1. the company's controller is questioning whether this liability for asbestos disposal is even necessary at all. He argues that asbestos must only be remediated if its is disturberd (such as through renovations), and points out that the company does not have any immediate plans to renovate the building. Respond to his question using authoritative guidance. is a liability even necessary if the company plans for disposal or renovation of this builidng are uncertan?

Determine whether the additional liability for the newly discovered asbestos is considered a change in accounting estimate or an error. Note that this is not a change in accounting principle. support your answer using authoritative guidance.

Describe how the company should record this $4 million change (prospectively, or through a retrospective adjustment). What accounts should be debited/credited? you can disregard the use of present value for this example.

Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $8,797). $11,200 b. Received merchandise returned by customers as unsatisfactory (but in perfect condition), for cash refund (original cost of merchandise $60). 100 c. Sold merchandise (costing $2,375) to a customer, on account with terms 2/10, n/30. 5,000 d. Collected half of the balance owed by the customer in (c) within the discount period. 2,450 e. Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid 80

1.

The general ledger of Zips Storage at January 1, 2021, includes the following account balances:

The following is a summary of the transactions for the year:

2. Record each of the summary transactions listed above. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Prepare an unadjusted trial balance, as well.