Assume the following: - Pediatrics exam, total fixed = $36,000, variable cost per visit = $8, total projected visits = 5,000 - Geriatrics exam, total fixed = $50,000, variable cost per visit = $5, total projected visits = 3,000 - Adult physical, total fixed = $44,000, variable cost per visit = $6, total projected visits = 5,000 A) What should the fee schedule be for each service to break even? iv. Pediatrics = ________________________ v. Geriatrics = ________________________ vi. Adult = ____________________ b) What should the fee schedule be for each to achieve $8,000 in revenue? i. Pediatrics = _______________________ ii. Geriatrics = _______________________ iii. Adult =___________________________

Assume there are two firms in the bean sprouts industry and they play Cournot. The inverse market demand curve is given by p(y) = 100−2y_T, where y_T is the total output of all the firms. The total cost function for each firm in the industry is given by c(y) = 4y.

i . Find the marginal revenue and marginal cost equations for the firms.

ii. Determine the best response functions for each firm.

iii. Calculate the Nash equilibrium levels of output for each firm. What is the equilibrium price?

iv. Draw the best response functions in a graph and then show the Nash equilibrium from (ii).

v. Calculate the profits of the firms.

Green Forest Technology is considering a project that would last for 2 years. The project would involve an initial investment of 76,000 dollars for new equipment that would be sold for an expected price of 77,000 dollars at the end of the project in 2 years. The equipment would be depreciated to 22,000 dollars over 6 years using straight-line depreciation. In years 1 and 2, relevant annual revenue for the project is expected to be 65,000 dollars per year and relevant annual costs for the project are expected to be 28,000 dollars per year. The tax rate is 50 percent and the cost of capital for the project is 5.27 percent. What is the net present value of the project?

A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $10,456 per month and variable costs of $0.79 per unit produced. Each item is sold to retailers at a price that averages $0.92

a) The volume per month is required in order to break even =  (in whole number)
  
b) The profit or loss would be realized on a monthly volume of 61,000 units =  

c) The volume is needed to obtain a profit of $16,000 per month =  (in whole number)
  
d) The volume is needed to provide revenue of $23,000 per month =  (in whole number)

Required information

A survey asks a random sample of 1500 adults in Ohio if they support an increase in the state sales tax from 5% to 6%, with the additional revenue going to education. Let P denote the proportion in the sample who say they support the increase. Suppose that 25% of all adults in Ohio support the increase. The standard deviation of the sampling distribution is_____ . Round your answer to four decimal places.

Suppose that 83% of all dialysis patients will survive for at least 5 years. In a simple random sample of 100 new dialysis patients, what is the probability that the proportion surviving for at least five years will exceed 80%, rounded to 5 decimal places? _____

Your consulting firm was just granted an exclusive contract for Vanda-Laye Corporation. You now must decide your pricing policy. The firm will encounter no fixed costs, and all revenue is after taxes. As your firm has been granted an exclusive contract, your pricing and output decisions will be those of a monopolist. Tasks: Analyze what a monopolist is and the effects it could have on the consulting firm. Evaluate if any antitrust policies need to be put into place. How will your pricing policy be justified? Explain the implications of increasing the price you will charge Vanda-Laye Corporation verses what it was previously charged.

E3-28 Journalizing adjusting entries and analyzing their effect on the income statement

Learning Objectives 3, 5 The following data at July 31, 2018, are given for RCO:

Depreciation, $600.

Prepaid rent expires, $200.

Interest expense accrued, $700.

Employee salaries owed for Monday through Thursday of a five-day workweek; weekly payroll, $8,000.

Unearned revenue earned, $1,000.

Office supplies used, $150.

Requirements Journalize the adjusting entries needed on July 31, 2018. Suppose the adjustments made in Requirement 1 were not made. Compute the overall overstatement or understatement of net income as a result of the omission of these adjustments.

On January 1, Espinoza Moving and Storage leased a truck for a four-year period, at which time possession of the truck will revert back to the lessor. Annual lease payments are $10,000 due on December 31 of each year, calculated by the lessor using a 5% discount rate. If Espinoza’s revenues exceed a specified amount during the lease term, Espinoza will pay an additional $4,000 lease payment at the end of the lease. Espinoza estimates a 60% probability of meeting the target revenue amount.

What amount, if any, should be added to the right-of-use asset and lease liability under the contingent rent agreement?

Amount to be added: ___________

Why are adjustments required?

Describe the two categories of adjustments

Provide two examples of each category and what accounts (i.e. asset, liability, expense or revenue) will be affected by these adjustments.

Describe the expense recognition principle. What is another name for this principle.

Describe and list the purpose of a contra-account. Provide an example to explain your description.

What is the adjusted trial balance and why is it critical to the accounting cycle?

Describe the difference between temporary and permanent accounts. Give and example of each.

What accounts will have a zero balance at the end of the accounting cycle and why?

In what order are the financial statements created and why is the order important?