Daniel is planning to earn money over the summer mowing lawns in the neighborhood to buy a scooter. The scooter he wants costs $2,200. He will be charging $19.1/lawn and estimates his costs to be $2.7/lawn. How many lawns must he mow in order to pay for the scooter entirely through his earnings? a.
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5. Daniel is planning to earn money over the summer mowing lawns in the neighborhood to buy a scooter. The scooter he wants costs $2,200. He will be charging $19.1/lawn and estimates his costs to be $2.7/lawn. How many lawns must he mow in order to pay for the scooter entirely through his earnings?
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- Pricing Decisions at Madison The Madison Company manufactures and retails a certain product. The company wants to determine the price that maximizes its profit from this product. The unit cost of producing and marketing the product is 50. Madison will certainly charge at least 50 for the product to ensure that it makes some profit. However, there is a very competitive market for this product, so that Madisons demand falls sharply when it increases its price. How should the company proceed?2 In the pricing model in Example 7.1 with the constant elasticity demand function, the assumption is that all units demanded are sold. Suppose the company has the capacity to produce only 200 units. If demand is less than capacity, all of demand is sold. If demand is greater than or equal to capacity, only 200 units are sold. Use Solver to find the optimal price and the corresponding profit. Then use SolverTable to see how sensitive these answers are to the production capacity, letting it vary from 170 to 230 in increments of 10. Discuss your findings relative to the original solution in Example 7.1. In other words, what is the effect of capacity on the optimal price and profit?D & R A1 3 - 4 Question 3. Stock Futures with Dividends Today is January 3. Your friend David has just bought a futures contract on a stock index, and the contract specifies one year to expiration. The current share price is $80, and the annually compounded interest rate is 10%. The stock will pay quarterly dividends of $2 during the next year, with dividends payments on the following dates: January 25 April 25 July 25 October 25 Assume that this is a non-leap year. Suppose that, instead of paying a quarterly dividend of $2, the stock index has an annual dividend yield of 10%. The continuously compounded interest rate is 10.52%. What is the price of the index futures on January 3? What is its value on February 17 when the index turns out to be $90?7. Speaking of corporate dividend policy, the “information content” effect refers to:a) The tendency to attract investors who are sympathetic to its dividend policy.b) Companies will pay dividends from flows that cannot be reinvested in projects with a positive NPV.c) The theory that investors consider changes in dividends as forecast signals for earnings.d) Investors will be interested in those companies that pay the highest dividends.
- 1. Select the rule which determines the quantity of a rice which a consumer will demand.a) Continue to buy so long as there is no consumer surplus.b) Stop buying rice at the level of demand where the consumer surplus rises above the market price.c) Stop buying rice at the level of demand where the marginal utility falls to the price of rice.d) Continue to buy so long as demand for rice is price elastic. 2. In which of these situations might moral hazard arise?a) Insurance companies fail to calculate the risks of accident correctly.b) A company receives an exemption from pollution control legislation.c) A sports team accepts bribes which affect their performance in a game.d) A group of households makes a collective purchase of flood insuranceYou are the Chief Executive Officer for NeverEnding Tyres Inc. You have the responsibility to secure a new distribution center where you own over 1000 hectares of land near the intended distribution center. For you, this could result to ____ a. the usual decision making problems of cost versus benefitb. a wonderful, ethical opportunity to make profitc. an ethical opportunity to move the distribution center to your hometownd. a conflict of interest33- In the cash count made on 10.05.202, a cash balance of 35,000 TL was determined. As of the same date, the total debit of the cash account is TL 45,000, and the total receivable is TL 15,000. Which of the following calculations is correct in this situation? a) 197 Lack of Counting and Receipt Hs. 5,000 TL (Borrower) B) 770 General Administrative Expenses Hs. 5,000 (Borrower) NS) 760 Marketing Sales and Distribution Expenses Hs. 5,000 (Borrower) D) 397 Count and Receipt Surplus Hs. 5,000 TL (Creditor) TO) 100 Case Hs. 5,000 TL (Creditor)
- If Jensen obtains the job based on a bid of $14,300, what is the probability that he will lose money on the job?Note: Use Appendix B (link to appendix b https://cxp-cdn.cengage.info/protected/prod/assets/b6/2/b62d7c39-0b28-4359-ade6-4e056146f23e.pdf?__gda__=st=1671734492~exp=1672339292~acl=%2fprotected%2fprod%2fassets%2fb6%2f2%2fb62d7c39-0b28-4359-ade6-4e056146f23e.pdf*~hmac=6aa777d3df8bd33ffb3bbf0e849b197e2f0e6fb7a521cce4eb085aa7faf52b03) to identify the areas for the standard normal distribution. If required, round your answer to four decimal places.15. The president of Good Fortunes, Inc., states at a press conference that the company has a 30-year history of ever-increasing dividend payments. Good Fortunes is widely regarded as one of the best-run firms in its industry. Does this make the firm's stock a good buy? a) Yes, because good company stock is the most profitable one b) No, since the company is stable and one of the best-run firms in its industry, it may not be a bargainPurchase Discounts It is typically beneficial for companies to take advantage of early-paymentdiscounts allowed on purchases made on credit. To see why this is the case, determine the effectiverate of interest associated with not taking advantage of the early-payment discount for each of thefollowing situations. Assume in each case that payment is made on the 30th day of the billing cycle.Required1. What is the opportunity cost of not taking advantage of the discount associated with purchases madeunder the following terms: 2/10, n/30? (Show calculations.)2. What is the opportunity cost of not taking advantage of the discount associated with purchases madeunder the following terms: 1/10, n/30? (Show calculations.)3. To motivate managers to take early-payment discounts, what is the appropriate accounting treatment forpurchase discounts?
- If a monopolist produces q units, she can charge 100 4q dollars/unit. The fixed cost of production is $50, and thevariable per-unit cost is $2. How can the monopolistmaximize profits? If a sales tax of $2/unit must be paid bythe monopolist, then would she increase or decreaseproduction?H5. Gabriella was in the business of purchasing sculptures from Brazil and selling them in Toronto at her boutique. On one consignment listed at $2,400, she received trade discounts of 9.00%, 7.00%, and 8.00%. The overhead expenses were 16.00% of her costs and she wanted to make a profit of 34.00% on cost. a. What is the regular selling price of the sculptures? b. Calculate the profit she will make if she decides to markdown the selling price by 16.00%. c. Calculate the maximum rate of markdown that she can offer so that she breaks even on the sale.4a Holly Bing stops making her mortgage payments and her home sells at a foreclosure sale for $152,000. Holly owes $131,500 on her first mortgage and owes $31,000 on a second mortgage. How will the $152,000 be distributed. 4b How will the money be distributed if the home sells for $175,000.