On November 1, Vacation Desinations borrows $1.5 million and issues a six-month, 8% note payable. Interest is payable at maturity. Record the issuance of the note and the appropriate adjusting entry for interest expense at December 31, the end of the reporting period.
A newspaper has a monopoly on the local news market in a town. The market demand is given by P=1.70-Q/10,000. The marginal cost is constant and equal to 0.30. The fixed cost is 3,000. Variable cost is 0.30Q. Find the monopolist’s profit-maximizing quantity.(Format: answers must be within 2 of the true value to be counted […]
Assume your typical customer has the demand function q = 20 – p and your marginal cost is MC = 10 dollars, as illustrated in the graph. Then, the optimal block pricing strategy isa) block size = 10 units and price per block = 50 dollarsb) block size = 10 units and price per block […]
Why do you think B2B marketers consider producing an acceptable quantity of high quality sales leads one of their most important challenges?Describe the four steps in the lead generation and management process.In your opinion, which step is most important?
Exchange Rates, the Big Mac Price Index, and the Debate over Free TradeActions for Exchange Rates, the Big Mac Price Index, and the Debate over Free Trade1. What Price for a Big Mac?Review a recent Economist report on the Hamburger Index, at http://www.economist.com/content/big-mac-indexChoose a foreign country that you have visited – or would like to […]
Suppose a large country imposes a tariff on a good. Which of the following statements isfalse?a)The total consumer plus producer surplus decreases.b)The price for consumers rises from the pre-tariff situation by the amount of the tariff.c)If other countries do not retaliate, the country may be better off.d) If other countries do not retaliate, the country […]
This course has provided an exploration into a variety of subjects related to entrepreneurship. The paper provides an opportunity to review those and other issues related to the state of entrepreneurship in the United States.DIRECTIONS: Please provide a succinct and comprehensive answer to the following questions using material we have discussed in class or resources […]
You have the following information about a convertible bond issue: Burroughs Corporation7 ¼% Due 8-1-2010Agency rating (Moodyâs/S&P) A3/AConversionratio 12.882Market price of convertible 102Market price of common stock $ 66.00Dividend per share-common $ 2.60Call price (first call: 8-1-2000) 106Estimated floor price $ 66.50Using the information above, calculate the following values and show calculations:(a) Market conversion value.(b) […]
(1) Issued shares on January 1 for $60,000(2) Repurchased 2,000 shares on April 30(3) Reissued some treasury shares in August at a price of $10 per shareA) Prepare the journal entry recorded by company X, including the account names and amounts, for each transaction. (Note, even if you donât have the numbers, show the accounts […]
You decide to wait for five years before saving money toward retirement. You then wish to save a certain amount each year for 30 years, at which time you hope to have saved $1,500,000. If you invest in an account that earns 8% annual interest, how much must you invest each year to meet your […]