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Jim earns utility from buying Jello (J) and Bobbleheads (B). He has the following utility function: ( ) ? ? . Jim has an income of $120 to spend on both goods. What is the marginal utility Jim earns by consuming Jello? What is the marginal utility Jim earns by consuming bobbleheads? If the price of Jello is $1 and the price of bobbleheads is $3, what is Jim’s budget constraint? How much Jello and how many bobbleheads will Jim purchase?
Determine the net present value of purchasing the new machine if the company has a required rate of return of 14%?
The company estimates that 80,000 direct labor and 64,000 machine hours will be worked during the year. If overhead is applied on the basis of machine hours, what will be the overhead rate per hour?
Property, plant, and equipment is normally audited in a different manner than current asset accounts. Why is this so? Discuss differences in how property, plant, and equipment is audited compared to current assets.
Complete the sales budget by filling in the missing amounts and determine the amount of sales revenue the company will report on its pro forma income statement for the first quarter?
After the 2012 financial statements were issued, the case was settled with the IRS for $1,200,000. Illustrate what amount, if any, should be reported as a liability for this contingency as of December 31, 2012?
The Hamster Stop has $93,650 in the Accrued Payroll account. Hamster's weekly payroll is $156,000 and the accrual represents payroll for 3 days. If controls are strong, determine whether additional audit work should be done on this account.
This association takes place in the CPU Assembly Department. The company freshly hired a new accountant who prepared the following report for the department for May using the weighted-average method
Your firm has sales of $628,000 and cost of goods sold of $402,000. At the beginning of the year, your inventory was $31,000. At the end of the year, the inventory balance was $33,000. What is the inventory turnover rate? Show calculations.
Particular technique of accounting for product and describe why you consider it to be better than the alternatives.
What is amount of outstanding checks at the end of May - wrote checks in the amount of $37,000. In June, checks in amount of $50,632 were written.
what is its cost of common equity and what will be the firm's cost of common equity using the CAPM approach
Business emphasizes the providing of maintenance and service for customers
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