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1. The demand function for a firm with market power is estimated to be Q = 127,000 - 600P + 4M +11,000PR, where Q is output, P is price per unit, M is income, and PR the price of a related good. The manager estimates the values of M and PR will be $32,000 and $4, respectively, in 2008. The firm faces an average variable cost function estimated to be AVC = 600 - 0.05Q + 0.000001Q2. For 2008, determine the inverse demand function and the marginal revenue function, and the marginal cost function. Determine what the optimal level of output is for the firm and the firm's profit if fixed costs are expected to be $4.0 million.
Recognize which costing system - job order or process cost - the following companies would use:
the following financial data for the year ended
Prepare an income statement for fiscal 2011 Ignore income taxes.
So far our discussion and focus has been on business combinations where 100% of another company has been acquired.
Formulate a linear program to determine the expected mix of conference rooms to ensure the maximum profit for CRSL. Show all supporting calculations and derive the optimum solution using a computer package.
Write down the difference between the budget and Comprehensive Annual Financial Report (CAFR)? Describe and provide examples.
budgeting is an unnecessary burden on many managers. it takes time away from important day-to-day problems. do you
What is the minimum price Fastenalt should accept from Hank's for the special order and discuss the strategic implications of accepting Hank's offer.
Prepare a report showing the spending variances for April. Explain what these variances mean.
Indicate what accounts are debited or credited - The company uses a perpetual inventory system. All prepayments are initially recorded in permanent accounts.
Compute the cost assigned to ending inventory using (a) FIFO, (b)LIFO, (c) weighted average, and(d)specific identification. For specific identification, the March 9 sale consisted of 100 units from beginning inventory and 230 units from the March 5 p..
Simon Company's year end balance sheets follow. Express the balance sheets in common size percents. Round amounts to the nearest one tenth of a percent.
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