Mar. 1 beginning inventory 100 units @ $50.00 per unit mar. 5 purchase 400 units @ $55.00 per unit mar. 9 sales 420 units @ $85.00 per unit mar. 18 purchase 120 units @ $60.00 per unit mar. 25 purchase 200 units @ $62.00 per unit mar. 29 sales 160 units @ $95.00 per unit totals 820 units 580 units problem 5-1a part 4 4. compute gross profit earned by the company for each of the four costing methods. for specific identification, the march 9 sale consisted of 80 units from beginning inventory and 340 units from the march 5 purchase; the march 29 sale consisted of 40 units from the march 18 purchase and 120 units from the march 25 purchase. (round weighted average cost per unit to two decimals.)

Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive