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Question 10 The percent of your company's locations that experience a profit in the first year...
Suppose your submarine company's profit function for this year is given by P(x,y)--x2 + 6x-y. 10y...
suppose your submarine company's profit function for this year is given by P(x,y)--x2 + 6x-y. 10y millions of dollars where x the number of red submarines produced, and y the number of blue submarines produced. Suppose further that your sales manager says you need to deliver a total of 10 submarines (any combination of red & blue), that is, x+y-10 this year. Determine your company's maximum profit subject to this constraint. Lastly, if this constraint is not required, recalculate the...
1. The following table gives the probability distribution for a company's projected profits (r profit in $1000s) fo...
1. The following table gives the probability distribution for a company's projected profits (r profit in $1000s) for the first year of operation, with a single value missing (note that the negative value denotes a loss) S -100 0 50 100 150 200 Р(X %3D т) 0.2 0.25 0.15 0.15 0.2 : Р(X %—D 200)? (a) What is the missing value a (b) What is the probability that the company will be profitable? (c) Compute x = E(X) and interpret...
1 pts Question 47 **Sam took $500,000 out of the bank and used it to start...
1 pts Question 47 **Sam took $500,000 out of the bank and used it to start his new cookie business. The bank account pays 4 percent interest per year. During the first year of his business, Sam sold 12.000 boxes of cookies for $3 per box Also, during the first year, the cookie business incurred costs that required outlays of money amounting to $14,000 Sam's economic profit for the year was $ - 478,000 $- 56,000 $2.000 $22.000 None of...
Question 8 1 pts On January 1, Year 1, ABC Merchandising Company was started. The company...
Question 8 1 pts On January 1, Year 1, ABC Merchandising Company was started. The company experienced the following events during the first year of operation: 1. Started the business by issue common stock for $1,000 cash. 2. Purchased $950 of inventory on account. 3. Sold merchandise costing $370 for $440 on account. 4. Collected $160 cash from accounts receivable. 5. Pald $700 of outstanding accounts payable. What is the value of ABC Merchandising Company's ending Accounts Receivable for Year...
Question 7 1 pts On January 1, Year 1, ABC Merchandising Company was started. The company...
Question 7 1 pts On January 1, Year 1, ABC Merchandising Company was started. The company experienced the following events during the first year of operation: 1. Started the business by Issue common stock for $1,000 cash. 2. Purchased $250 of inventory on account. 3. Sold merchandise costing $200 for $220 on account. 4. Collected $140 cash from accounts receivable. 5. Pald $180 of outstanding accounts payable. What is the value of ABC Merchandising Company's Cost of Goods Sold expense...
2. At 12/31/20, the end of Jenner Company's first year of business, inventory was $6,100 and...
2. At 12/31/20, the end of Jenner Company's first year of business, inventory was $6,100 and $5,100 at cost and at market, respectively. Following is data relative to the 12/31/21 inventory of Jenner: Original Net Net Realizable Appropriate Cost Replacement Realizable Value Less Inventory Item Per Unit Value Normal Profit Value $.65 $.45 45 .70 .75 .75 .65 .90 Cost .40 .85 Selling price is $1.00/unit for all items. Disposal costs amount to 10% of selling price and a "normal"...
2. At 12/31/20, the end of Jenner Company's first year of business, inventory was $6,100 and...
2. At 12/31/20, the end of Jenner Company's first year of business, inventory was $6,100 and $5,100 at cost and at market, respectively. Following is data relative to the 12/31/21 inventory of Jenner: Original Net Net Realizable Appropriate Cost Replacement Realizable Value Less Inventory Item Per Unit Value Normal Profit Value $.65 $.45 .45 .70 .75 .75 .65 .90 Cost .40 Selling price is $1.00/unit for all items. Disposal costs amount to 10% of selling price and a "normal" profit...
Problem 2 You are considering starting a walk-in clinic. Your financial projections for the first year...
Problem 2 You are considering starting a walk-in clinic. Your financial projections for the first year of operations are as follows” Revenues (10,000 visits) $400,000 Wages and benefits 220,000 Rent 5,000 Depreciation 30,000 Utilities 2,500 Medical supplies 50,000 Administrative supplies 10,000 Assume that all costs are fixed, except medical supplies and administrative supplies, which are variable. Furthermore, assume that the clinic must pay taxes at 30 percent rate. a. Construct the clinic’s projected P&L statement. EXPENSES AMOUNT INCOME AMOUNT Wages...
Question 10 O out of 1.5 points Alexa Company was started in Year 1. At the...
Question 10 O out of 1.5 points Alexa Company was started in Year 1. At the end of Year 1 the Company's had the following accounting equation, Assets Liabilities Stockholders' Equity + Cash + Land = Notes Payable + Common Stock + Retained Earnings 700 + 2,100 1.000 + 1,200 + 600 During Year 2, the company experienced the following accounting events. • Paid off $675 of its note payable. • Eamed $2,600 of cash revenue • Paid $1,150 of...
On January 1, 2015, P Corporation acquired 70 percent of Sea-Gull Company's common stock for $150...
On January 1, 2015, P Corporation acquired 70 percent of Sea-Gull Company's common stock for $150,000 cash. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: P Cor S Cor Cash 160,000 80,000 100,000 10,000 220,000 100,000 150,000 $620,000 30,000 10,000 30,000 30,000 190,000 20,000 0 270,000 Invento Goodwill PP&E Investment in sub Total Assets Bonds Pavable Common Stock Retained Earnings Total Liabilities & 180,000 90,000 100,000 250,000 25,000 70,000...
suppose your submarine company's profit function for this year is given by P(x,y)--x2 + 6x-y. 10y millions of dollars where x the number of red submarines produced, and y the number of blue submarines produced. Suppose further that your sales manager says you need to deliver a total of 10 submarines (any combination of red & blue), that is, x+y-10 this year. Determine your company's maximum profit subject to this constraint. Lastly, if this constraint is not required, recalculate the...
1. The following table gives the probability distribution for a company's projected profits (r profit in $1000s) for the first year of operation, with a single value missing (note that the negative value denotes a loss) S -100 0 50 100 150 200 Р(X %3D т) 0.2 0.25 0.15 0.15 0.2 : Р(X %—D 200)? (a) What is the missing value a (b) What is the probability that the company will be profitable? (c) Compute x = E(X) and interpret...
1 pts Question 47 **Sam took $500,000 out of the bank and used it to start his new cookie business. The bank account pays 4 percent interest per year. During the first year of his business, Sam sold 12.000 boxes of cookies for $3 per box Also, during the first year, the cookie business incurred costs that required outlays of money amounting to $14,000 Sam's economic profit for the year was $ - 478,000 $- 56,000 $2.000 $22.000 None of...
Question 8 1 pts On January 1, Year 1, ABC Merchandising Company was started. The company experienced the following events during the first year of operation: 1. Started the business by issue common stock for $1,000 cash. 2. Purchased $950 of inventory on account. 3. Sold merchandise costing $370 for $440 on account. 4. Collected $160 cash from accounts receivable. 5. Pald $700 of outstanding accounts payable. What is the value of ABC Merchandising Company's ending Accounts Receivable for Year...
Question 7 1 pts On January 1, Year 1, ABC Merchandising Company was started. The company experienced the following events during the first year of operation: 1. Started the business by Issue common stock for $1,000 cash. 2. Purchased $250 of inventory on account. 3. Sold merchandise costing $200 for $220 on account. 4. Collected $140 cash from accounts receivable. 5. Pald $180 of outstanding accounts payable. What is the value of ABC Merchandising Company's Cost of Goods Sold expense...
2. At 12/31/20, the end of Jenner Company's first year of business, inventory was $6,100 and $5,100 at cost and at market, respectively. Following is data relative to the 12/31/21 inventory of Jenner: Original Net Net Realizable Appropriate Cost Replacement Realizable Value Less Inventory Item Per Unit Value Normal Profit Value $.65 $.45 45 .70 .75 .75 .65 .90 Cost .40 .85 Selling price is $1.00/unit for all items. Disposal costs amount to 10% of selling price and a "normal"...
2. At 12/31/20, the end of Jenner Company's first year of business, inventory was $6,100 and $5,100 at cost and at market, respectively. Following is data relative to the 12/31/21 inventory of Jenner: Original Net Net Realizable Appropriate Cost Replacement Realizable Value Less Inventory Item Per Unit Value Normal Profit Value $.65 $.45 .45 .70 .75 .75 .65 .90 Cost .40 Selling price is $1.00/unit for all items. Disposal costs amount to 10% of selling price and a "normal" profit...
Question 10 O out of 1.5 points Alexa Company was started in Year 1. At the end of Year 1 the Company's had the following accounting equation, Assets Liabilities Stockholders' Equity + Cash + Land = Notes Payable + Common Stock + Retained Earnings 700 + 2,100 1.000 + 1,200 + 600 During Year 2, the company experienced the following accounting events. • Paid off $675 of its note payable. • Eamed $2,600 of cash revenue • Paid $1,150 of...
On January 1, 2015, P Corporation acquired 70 percent of Sea-Gull Company's common stock for $150,000 cash. Data from the balance sheets of the two companies included the following amounts as of the date of acquisition: P Cor S Cor Cash 160,000 80,000 100,000 10,000 220,000 100,000 150,000 $620,000 30,000 10,000 30,000 30,000 190,000 20,000 0 270,000 Invento Goodwill PP&E Investment in sub Total Assets Bonds Pavable Common Stock Retained Earnings Total Liabilities & 180,000 90,000 100,000 250,000 25,000 70,000...
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