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What type of tax is this? Explain.

Question
	
The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, such as obesity and heart disease. Answer the following:
•What type of tax is this? Explain.
•What happens to the supply of cookbooks?
•What happens to the equilibrium price?
•Who pays the tax at the end?
•Is this a good way to finance programs to improve health?
•What other types of tax can the government use to increase revenues?
Part IV
Deliverable Length: 600–850 words
Justcookbooks.com becomes wildly successful in the United States, and you decide to export overseas. Answer the following:
•Does this reflect an absolute or a comparative advantage?
•Name 4 issues that you will encounter as you become a multinational corporation.
•What happens to your marginal utility as you buy your third luxury automobile? Why?
Part V
Deliverable Length: 600–850 words
In the article entitled "The Economic Effects of Labor Unions Revisited," Vedder and Galloway attempt to prove statistically, using historical data, that labor unions do not have a good effect on the economy. Read the article, and explain the following microeconomic concepts that the authors discuss and how they are related to unions:
•Demand, supply, and equilibrium wage rates of labor
•Unemployment
•Deadweight welfare loss
•Elasticity
•Real GDP and economic growth
•Income per capita
•Population growth and aging
•Marginal costs, marginal revenues, and profits
The article focuses on harmful economic effects, but also mentions some positive aspects. What are they? Does moral hazard apply to unions? Why or why not?
	

Business ad

Question
	Assignment 1: Corporate Responsibility and Marketing Strategies


Use the Internet to research the Apple Corporation, its current position and reputation regarding ethical and social responsibility, and the strategies that it currently employs to market its products.



Write a six to eight (6-8) page paper in which you:

1.Examine Apple’s current position on the company’s ethical and social responsibilities, and determine whether or not the company has met these responsibilities. Provide two (2) examples that support your position.
2.Determine the impact that the publication of ethics and social responsibilities violations made by Apple’s suppliers has had on Apple’s reputation. Support your response with examples of the impact in question.
3.Suggest two (2) methods that Apple can utilize to ensure that its suppliers adhere to wage and benefits standards going forward. Justify your response.
4.Determine whether or not you believe that Apple’s customers would be willing to pay more for its products if Apple had to increase selling prices in order to provide better wages and benefits for suppliers’ workers. Provide a rationale for your position.
5.Analyze Apple’s current overall marketing strategy. Recommend two (2) actions that Apple can take in order to improve its competitive advantage in the global marketplace. Support your response with examples of instances where your recommendations yielded the desired results.
6.Use at least five (5) quality academic resources in this assignment. Note: Wikipedia does not qualify as an academic resource.


Your assignment must follow these formatting requirements:

•Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
•Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.


The specific course learning outcomes associated with this assignment are:

•Examine the private enterprise systems, drivers of change on the system, ethical and social responsibilities of business, and the requirements for success in today’s business environment.
•Analyze the factors that drive supply and demand, different types of market structures in a free enterprise system, and factors of stability in a nation’s economy.
•Use technology and information resources to research issues in contemporary business.
•Write clearly and concisely about contemporary business using proper writing mechanics.


Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric found here.
	

The following account appears in the ledger prior to recognizing the jobs completed in June

Question
	1. Entry for Jobs Completed; Cost of Unfinished Jobs
The following account appears in the ledger prior to recognizing the jobs completed in June:

Jobs finished during June are summarized as follows:

a. Journalize the entry to record the jobs completed

b. Determine the cost of the unfinished jobs at June 30.

2. Job Order Cost Accounting Entries for a Service Business
The law firm of Clark and Lankau accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during May:

a. Provide the journal entries for each of the above transactions.

May 2

May 7

May 11

May 16

May 21


May 31 Admin. sal.


May 31 Supplies

May 31 Prof. sal.

May 31 Billed
May 31 Cost


b. How much office overhead is over- or underapplied? Enter your answer as a positive number.
$
c. Determine the gross profit on the Peterson case, assuming that over- or underapplied office overhead is closed monthly to cost of services.
$

3. Predetermined Factory Overhead Rate
Reithofer Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be:


The overhead costs will be assigned to procedures, based on the number of surgical room hours. Reithofer Medical Center expects to use the operating room an average of eight hours per day, seven days per week. In addition, the operating room will be shut down four weeks per year for general repairs.
a. Determine the predetermined operating room overhead rate for the year.
$ per hour
b. Wayne Lawrence had a four-hour procedure on January 15. How much operating room overhead would be charged to his procedure, using the rate determined in part (a)?
$
c. During January, the operating room was used 232 hours. The actual overhead costs incurred for January were $65,500. Determine the overapplied operating overhead or underapplied operating overhead for the period.
$
	

post university acc 111 week 6 exercise

Question
	Chapter 7: Complete exercise E7-2, E7-3 and E7-5
Chapter 8: Complete mini exercise M8-10, M8-11 and M8-13
Chapter 7: Complete exercise E7-2, E7-3 and E7-5
Chapter 8: Complete mini exercise M8-10, M8-11 and M8-13


	
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Attachments
		
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An operations manager needs to keep the correct inventory in place to support the business

Question
	

1. An operations manager needs to keep the correct inventory in place to support the business. Why is inventory control important to the bottom line? 
2. What is an event that forced American businesses to focus on quality? What are two methods American businesses use to improve the quality of their products and services? Describe the methods. 
3. What are the factors a business considers before finding the right location? What are the many reasons facility location is important to a business? Give an example of where a Walmart may be located. 
4. It is very important that companies hire the right people for jobs. What is the process for hiring a person in order to fill a specific position? Explain the steps in the process. Identify and describe the two types of software. 
Your response should be at least 250 words in length. APA Information 1.In-text and reference citations are required for all written responses. You are required to use at least your textbook as a source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations
	

There are probably a thousand macro economic indicators, some measure the overall national economy,

Question
	There are probably a thousand macro economic indicators, some measure the overall national economy, some are more  limited in scope. The three most often quoted and publicized are the Gross Domestic Production Index (GDP), the  Consumer Price Inflation Index (CPI) and the Unemployment Index. Please complete the short answer questions regarding
these three indicators:
1. Use the table below:
Table 6­1


Value (in billions)

Personal consumption expenditures

$1,000

Gross private domestic investment

$500

Net exports

$300

Imports

$18

Government purchases of goods and services

$280

Transfer Payments

$90


a. What is the value of GDP?
b. In each of the following cases, indicate if GDP is affected, under what category and what happens to GDP. Be sure to  explain why or why it is not included.
 You buy a used textbook from one of your classmates.
 You buy a new umbrella.
 Ella, a French tourist, has a haircut in a salon in San Francisco.
 Oklahoma cleans up after a devastating tornado.
 A pension payment to a retired military person	

Stas assignment

Question
	
PART 1: Confidence Intervals (#1 – 3)



1) To estimate the
mean size of maple trees in a certain area of the Adirondacks. A sample of 12
maple tree heights is collected. (Assume that the population of tree heights is
normally distributed)


 

 

 
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44

 

 
37

 

 
54

 

 
45

 

 
50

 

 
28

 

 
49

 

 
37

 

 
46

 

 
41








a) Create a 95% confidence interval for the population
mean of maple tree


heights. 
b) Create a 98% confidence interval for the population
mean of maple tree


heights.































2) Suppose a
simple random sample of 20,000 Americans were surveyed and 8,600 of them said
they have blue colored eyes.



a) Create a 90% confidence interval estimator
for the population proportion of Americans that have blue colored eyes.



































What
is the minimum sample size that would be required to estimate the population’s
proportion 
b) Create a 98% confidence interval for the population
mean of maple tree with an error of .025 at a 95% level of confidence?
(Note: assume we have a preliminary estimate of )

3) Estimating Fuel
Efficiency:



a) In order to
determine the fuel efficiency for the Toyota Corolla a SRS of 36 Corollas were
driven yielding a sample mean of 34.3 miles per gallon and a sample standard
deviation of 2.4 miles per gallon create a 99% confidence interval estimate for
the population mean miles per gallon for the Toyota Corolla.
b) What is the minimum sample size that would be required to
estimate the population’s mean with an error of 0.1 miles per gallon at a 90%
level of confidence? (Assumes = 2.4)









































PART 2: Hypothesis Testing (#4 – 6)





For each of
the questions of Part 2 you MUST show each of the four steps below to obtain
full credit:



A) State the null and alternate hypothesis.

B) Determine the rejection region (use either
classical approach or p value approach).

 For
example “if , then reject ” or “if , then reject ”

C) Calculate the Test Statistic and determine the
p-value of the test.

D) Conclude either “Reject ” or “Do not reject”



You must show work to obtain
credit. Each question will also have a YES/NO
option. Please circle the choice that answers the question correctly based on
your analysis.







4) A Tire Company has created a new type
of rubber that they believe could increase the tread life of their tires. In
the past the population mean tread life of their tires was 50,000 miles. To
test this hypothesis, a SRS of 30 tires were tested that had a sample mean
tread life of 50,480 miles and a sample standard deviation of 1,200 miles.



Does this sample provide
sufficient evidence to suggest that the new rubber has increased mean tread
life at the 5% Significance Level? (Circle either Yes or No).



 YES NO



Please show the four steps of your
analysis in the space provided below…

the past the population mean tread life
of their tires was 50,000 miles. To test this hypothesis, a SRS of 30 tires
were tested that had a sample mean tread life of 50,480 miles and a sample
standard deviation of 1,200 miles.



Does this sample provide
sufficient evidence to suggest that the new rubber has increased mean tread
life at the 5% Significance Level? (Circle either Yes or No).



 YES NO



Please show the four steps of your
analysis in the space provided below…









































5) The National Center for Health Statistics reports that the population
mean systolic blood pressure for males 35 to 44 years of age is exactly 130.
The medical director of a large company believes that the executives at her
company are different from the population. To gather evidence, she collects a
SRS of 11 medical records of male executives in this age group. (Assume that
the population of systolic blood pressures is normally distributed)






 

 

 
130

 

 
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148








Does the data suggest that the
average blood pressure of male executives is different from the population mean
at the 1% significance level? (Circle either Yes or No).

YES NO



Please
show the four steps of your analysis in the space provided below…



































































6) It is
believed that less than 50% of American adults eat breakfast every day. To test
this claim a researcher surveys SRS of 850 American adults where 400 of them
said that they ate breakfast every day.



Does
this sample evidence suggest that less than 50% of American adults eat
breakfast everyday at the 10% significance level? (Circle either Yes or No).



 YES NO

















Please show
the four steps of your analysis in the space provided below…

	

Accounting – Jessica and David

Question
	

Jessica and David are student interns at Balanced Books Bookkeeping. They have taken several business math and accounting classes and are now applying what they have learned to real-life situations. They enjoy their internship, but they are sometimes surprised by the assignments they are given. Luckily, they work together, so they share the assignments and learn from each other. Their most recent assignment is to take a listing of accounts provided by one of Balanced Books’ clients and turn them into a balance sheet and income statement. David suggests that their client might appreciate it if they also performed a vertical analysis of each statement. Jessica suggests that they should also compute the current ratio and the acid-test ratio.

1. Create the financial statements for December 31, 2011, depict them in vertical format, and compute the current and acid test ratios.
Account title Amount Account title Amount
Cash $4,000 Accounts payable $3,500
Depreciation 2,000 Merchandise inventory 15,000
Carlton, equity 34,500 Accounts receivable 6,000
Cost of goods sold 85,000 Net sales 120,000
Rent expense 15,000 Insurance payable 500
Wages payable 1,500 Equipment 15,000
Utilities 6,500 Wages 8,000
Miscellaneous expenses 1,500
	

Bob The Builder, CEO of Worldwide Paper Company (WPC) is considering

Question
	Bob The Builder, CEO of Worldwide Paper Company (WPC) is considering the addition of a new on-site longwood woodyard. The addition would have two primary benefits: it would eliminate the need to purchase shortwood from an outside supplier and would create the opportunity to sell shortwood on the open market as a new revenue opportunity for WPC.

The new woodyard would allow the company not only to reduce its operating costs but also to increase its revenues. The proposed woodyard utilizes new technology that allows tree-length logs, called longwood, to be processed directly, whereas the current process requires shortwood, which has to be purchased from the Shenandoah Mill. This nearby mill, owned by a competitor, has excess capacity that allows it to produce more shortwood than it needs for its own pulp production. The excess is sold to several different mills, including WPC. Thus adding the new longwood equipment would mean that Bob would no longer need to use the Shenandoah Mill as a shortwood supplier and that WPC would instead compete with the Shenandoah Mill by selling on the shortwood market.

The question for Bob is whether these expected benefits are enough to justify the $19.00 million capital outlay plus the incremental investment in working capital over the 8-year life of the investment.

Construction would start within a few months, and the investment outlay would be spent over two calendar years: $12.00 million in 2014 and the remaining $7.00 million in 2015. When operation begins in 2015, the new woodyard would significantly reduce the operating costs of the mill. These operating savings would come mostly from the difference in the cost of producing shortwood on-site versus buying it on the open market and are estimated to be $2.00 million for 2015 and $3.50 million per year thereafter.

Bob also plans on taking advantage of the excess production capacity offered by the new facility by selling shortwood on the open market as soon as possible. For 2015, he expects to show revenues of approximately $4 million, as the facility comes on-line and begins to break into the new market. He expects shortwoood sales to reach $10 million in 2015 and continue at the $10 million level through the useful life of the project. Bob estimates that the cost of goods sold (before including depreciation expenses) would be 68.00% of revenues, and SG&A would be 6.00% of revenues.

In addition to the capital outlay of $19.00 million, the increased revenues would require higher levels of inventories and accounts receivable. The total working capital would average 10% of annual revenues. Therefore the amount of working capital investment, each year, would equal 10% of incremental sales for the year. At the end of the life of the equipment, all the net working capital on the books could be recovered at cost, whereas only 10% (before tax) of the capital investment would be recovered.

Taxes is paid at a 40.00% rate, and depreciation is calculated on a straight-line basis over the useful life, with a $3.80 million salvage value. WPC accountants told Bob that the depreciation charges could not begin until the whole capital investment had been spent, and the machinery was in service.

WPC has a company policy to use 15% as the hurdle rate for such investment opportunities.

Question:
A.
Under "Section A. Provided Data", complete the list of value drivers.

B.
a.Under "Section B. DCF Model", following the appropriate time line, calculate the annual FCFs and the project's internal rate of return.

b.Write a short interpretation of the results and a brief investment recommendation addressed to Bob The Builder.

C.
Show your work under "Section C. Analysis".
Pick two independent variables of your choice and replace those variables with combo boxes. Each combo box should offer at least 5 different choices. Make sure that all the choices maintain the model integrity.

Explain how sensitive WPC's investment project is to the two chosen independent variables.

*I have completed question A and B(a)*
*Please do B(b) and C*
*Please use Scenario tool and any financial functions if necessary* 
	

Firm A has $10,000 in assets entirely financed with equity

Question
	

1. Firm A has $10,000 in assets entirely financed with equity. Firm B also has $10,000 in assets, but these assets are financed by $5,000 in debt (with a 10 percent rate of interest) and $5,000 in equity. Both firms sell 10,000 units of output at $2.50 per unit. The variable costs of production are $1, and fixed production costs are $12,000. (To ease the calculation, assume no income tax.)
a. What is the operating income (EBIT ) for both firms?
b. What are the earnings after interest?
c. If sales increase by 10 percent to 11,000 units, by what percentage will each firm’s earnings after interest increase? To answer the question, determine the earnings after taxes and compute the percentage increase in these earnings from the answers you derived in part b .
d. Why are the percentage changes different?
2. The specialty chemical Company operates a crude oil refinery located in New Iberia, LA. The company refines crude oil and sells the by-products to companies that make plastic bottles and jugs. The firm is currently planning for its refining needs for one year hence. Specifically, the firms analysts estimate that specialty will need to purchase 1 million barrels of crude oil at the end of of the current year to provide the feed stock for its refining needs for the coming year. The 1 million barrels of crude oil will be converted into by products at an average cost of $25 per barrel that Specialty expects to sell for $190 million, or $190 per barrel of crude used. The current spot price of oil is $135 per barrel and Specialty has been offered a forward contract by its investment banker to purchase the needed oil for a delivery price in one year of $140 per barrel.
a. Ignoring taxes, what will Specialty's profits be if oil prices in one year are as low as $120 or as high as $160, assuming that the firm does not enter into the forward contract?
b. If the firm were to enter into forward contract, demonstrate how this would be effectively lock in the firm's cost of fuel today, thus hedging the risk of fluctuating crude oil prices on the firm's profits for the next year.
a. Ignoring taxes, what will specialty's profits be if oil prices in one year are as low as $120 or as high as $160, assuming that the firm does not enter into forward contract? Round to the nearest dollar.
Price of Oil/ bbl Unhedged Annual Profits
$120 _________
$125 _________
$130 _________
$135 _________
$140 _________
$145 _________
$150 _________
$155 _________
$160 _________
b. If the firm were to enter into forward contract, demonstrate how this would be effectively lock in the firm's cost of fuel today, thus hedging the risk of fluctuating crude oil prices on the firm's profits for the next year.

A B C D E F G
Price Total cost of Total Revenues Total Refining Unhedged Profits/loss Hedged Annual
of Oil/ Oil (Ax1m) =$190x1m Costs Annual Forward Profits
bbl =$25x1m Profits Contracts =E+F
=C+B+D =(A-$140)x1m
120 120,000,000 190,000,000 25,000,000 45,000,000 
125 125,000,000 190,000,000 25,000,000 40,000,000 
130 130,000,000 190,000,000 25,000,000 35,000,000 
135 135,000,000 190,000,000 25,000,000 30,000,000 
140 140,000,000 190,000,000 25,000,000 25,000,000 
145 145,000,000 190,000,000 25,000,000 20,000,000 
150 150,000,000 190,000,000 25,000,000 15,000,000 
155 155,000,000 190,000,000 25,000,000 10,000,000 
160 160,000,000 190,000,000 25,000,000 5,000,000