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Montana Timber Company Case Study
$2.00Text: Montana Timber Company is in the process of preparing its budget For next year. Cost of rods sold has been estimated at 70 percent of sales. Lumber purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at 15 percent of sales and are paid during the month of sale. Other operating costs amounting to 10 percent of sales are to be paid in the month following the month of sale. Additionally, a monthly lease payment of $12,000 is paid to BMI for computer services. Sales revenue is forecast as follows:
prepare a schedule of cash disbursements for April may and June and totals for each month
Spirit Company, a merchandiser, recently completed…
$2.50Spirit Company, a merchandiser, recently completed its 2010 calendar year. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company’s balance sheet and income statement follow:
A. What is the net cash flows provided (used) by investing activities?
B. What is the amount of dividends declared and distributed in 2010?
C. What is the net cash flows provided (used) by financing activities?
D. Determine the cash received by Spirit for the equipment sold in item C above.(It might mean B but not sure)
Similarity and difference between the impact of induced demand and imperfect information
$2.008. Discuss the similarity and difference between the impact of induced demand and imperfect information on the amount of medical care a physician prescribes for a patient. Give at least one example of evidence from class on the existence of induced demand.
M3-19 Preparing an Income Statement [LO 3-1]
$2.00The following transactions are February 2013 activities of Swing Hard Incorporated, which offers golfing lessons in the northeastern United States.
a. Swing Hard collected $22,800 from customers for lesson services provided in February.
b. Swing Hard sold a gift card for golf lessons for $185 cash in February.
c. Swing Hard received $4,800 from credit sales made to customers in January.
d. Swing Hard collected $3,300 in advance payments for golf lessons to start in June.
e. Swing Hard billed a customer $210 for services provided between February 25 thru February 28. The bill is to be paid in March.
f. Swing Hard paid $6,600 for wages to its golf instructors for the month of February.
g. Swing Hard paid $3,400 for electricity used in the month of January.
h. Swing Hard received an electricity bill for $1,210 for the month of February, to be paid in March.
Prepare an income statement for Swing Hard Incorporated for the month ended February 28, 2013. (This income statement would be considered �preliminary� because it uses unadjusted balances.)
The size of private health insurance premiums depends on…
$2.00The size of private health insurance premiums depends on all of the following except
a)prices.
b)expected utilization volume.
c)administrative costs.
d)profit margin.
e)number of carve-outs in a plan.
Increasing the physician supply can be achieved through all the following ways except
a)increasing the number of medical schools.
b)increasing the number of foreign medical school graduates allowed to train in the U.S.
c)changing immigration laws to allow more foreign physicians to practice in U.S.
d)early retirement of practicing physicians.
e)providing more federal and state funding to medical schools which increase enrollment.
A for-profit hospital is more likely to specialize in which one of the following services?
a)immunizations
b)diagnostic radiology
c)prenatal care
d)emergency rooms
e)drug detoxification
Since the implementation of hospital payment by the DRG system,
a)cost shifting no longer occurs in hospitals.
b)use of RCCAC serves no purpose to the hospital’s management.
c)payment for hospital stays is based on a patient’s diagnosis at discharge.
d)payment for hospital stays is based on a patient’s diagnosis upon admittance to the hospital.
e)payment for hospital stays is less profitable to hospitals.
Over half of all hospital revenues are from
a)federal and state government programs.
b)private insurance.
c)Medicare.
d)Medicaid.
e)philanthropy.
. If it is shown that a newly formed large hospital, which was formed by the merger of two competing hospitals, charges more to uninsured patients than do smaller hospitals in the same market, for providing the same services,
a) the large hospital may have market power to do so.
b) the two small hospitals must be taking advantage of the economies of scale.
c) it is an example of price discrimination.
d) consumers’ welfare would not be affected.
e) the large hospital must be violating the antitrust laws.
43. A proposal to eliminate the tax deduction for charitable contributions would cause a negative impact on
a) physicians’ salaries.
b) the number of patients paying out of pocket for cosmetic surgery.
c) the number of self pay hospital patients.
d) hospitals budget for philanthropic donations.
e) nurses duties.
How does the law of diminishing marginal utility fit into an analysis of the demand for health care? Give some examples of decisions concerning health care where you personally are indifferent between getting medical care or doing without medical care.
Consider the local telephone company…
$2.00
Text:
Consider the local telephone company, a natural monopoly. The following graph shows the demand curve for phone services, the company’s marginal revenue curve (labeled MR), its marginal cost curve (labeled MC), and its average total cost curve (labeled ATC). You can hover over the points on the graph to see their exact coordinates. Assume no government regulation. If the natural monopoly provides the profit-maximizing output, it will provide Suppose that the government forces the monopolist to set the price equal to marginal cost. In the short run, under a marginal-cost pricing regulation, the monopolist will provide phone services to at a price of If the government forces the natural monopoly to set its price equal to marginal cost, how will the company react in the long run? Because the firm earns a profit under marginal-cost pricing, it will remain in the industry in the long run. Because the firm suffers an economic loss under marginal-cost pricing, it will exit the industry in the long run. O Because the firm suffers an economic loss under marginal-cost pricing, it will reduce its output to 25,000 households per month in the long run.
Suppose that the government forces the natural monopoly to set its price equal to average cost. Under an average-cost pricing policy, the monopolist would provide phone services to price of I and earn a profit of per month. True or False: Under the average-cost pricing policy, the telephone company has no incentive to cut costs.Using the birthwt data set…
$1.00Using the birthwt data set, find the point estimate and the 90% confidence interval estimation for the population mean of the number of physicians visits (Variable name: “ftv”) during the first trimester.
Please include all R code
data can be downloaded from here: http://bit.ly/HoxbZ2
Draw the average fixed cost, average variable cost, average total cost and marginal cost curve for a physician-firm
$20.001. Draw the average fixed cost, average variable cost, average total cost, and marginal cost curve for a physician-firm. Explain for each curve (4 explanations) why it has the shape that it does.
2. Assume the physician-firm is operating in a perfectly competitive market. Discuss and show graphically the firm’s output and price in the long-run.
After a successful first year, Cam and Anna decide…
$1.00After a successful first year, Cam and Anna decide to expand Front Row Entertainment’s operations by becoming a venue operator as well as a tour promoter. A venue operator contracts with promoters to rent| the venue (which can range from amphitheaters to indoor arenas to nightclubs) for specific events on specific dates. In addition to receiving revenue from renting the venue, venue operators also provide services such as concessions, parking, security, and ushering services. By vertically integrating their business, Cam and Anna can reduce the expense that they pay to rent venues. In addition, they will generate additional revenue by providing services to other tour promoters. After a little investigation, Cam and Anna locate a small venue operator that owns The Chicago Music House, a small indoor arena with a rich history in the music industry. The current owner has experienced severe health issues and has let the arena fall into a state of disrepair. However, he would like the arena to be preserved and its musical legacy to continue. After a short negotiation, on January 1, 2014, Front Row purchases the venue by paying $10,000 in cash and signing a 15-year 10% note for $380,000. In addition, Front Row purchases the right to use the “Chicago Music House” name for $25,000 cash. During the month of January 2014, Front Row incurred the following expenditures as they renovated the arena and prepared it for the first major event scheduled for February. Jan. 5 Paid $21,530 to repair damage to the roof of the arena. Jan. 10 Paid $45,720 to remodel the stage area. Jan. 21 Purchased concessions equipment (e.g., popcorn poppers, soda machines) for $12,350. Renovations were completed on January 28, and the first concert was held in the arena on February 1. The arena is expected to have a useful life of 30 years and a residual value of $35,000. The concessions equipment will have a useful life of 5 years and a residual value of $250. Required: Prepare the journal entries to record the acquisition of the arena, the concessions equipment, and the trademark. Prepare the journal entries to record the expenditures made in January. If no entry is required, leave answer boxes blank. Expenditures related to operating assets should be capitalized. Compute and record the depreciation for 2014 (11 months) on the arena (use the straight-line method) and on the concessions equipment (use the double-declining-balance method). Round all answers to the nearest dollar. Straight-line depreciation allocates the depreciable cost over the useful life of the asset. Double-declining balance is an accelerated method of depreciation in which depreciation expense equals twice the straight-line rate multiplied times the asset’s book value. See Cornerstones 7-2 and 7-3. Would amortization expense be recorded for the trademark? Why or why not? The input in the box below will not be graded, but may be reviewed and considered by your instructor.
