A company has a permit to operate for five seasons. It can manufacturer only during the first four seasons and in the fifth period, it is only allowed to sell any leftover products. It can manufacture two types of products. One unit of product 1 requires five man-hours in preparatory shop and three man-hours in finishing shop. Each unit of product 2 requires six man-hours in preparatory shop and one man-hour in finishing shop. During each season, the company has at most 1200 man-hours in preparatory and 15000 man-hours in the finishing shop (only during the first four seasons). The product manufacturers during some season can be sold anytime from the next season onward. However, selling requires some marketing effort and it is expected that 0.1 and 0.2 man-hours of marketing effort are required to sell 10 units of products 1 and 2, respectively. Man-hours for marketing effort can be hired at the rates given in the table at the top. There is no limit on the number of man-hours that can be hired for marketing efforts at the overtime rate. If a unit of product is available for sale during a season, but is not sold in that season, the manufacturer has to pay carryover charges of $2 per unit to put it up for sale again in the next season. The selling prices in the various seasons are given in the table below. How should the company operate in order to maximize its total profit? Season Normal Rate Max Man-Hrs Overtime Rate Expected Selling Price per
Per Man-Hr at Normal Rate per Man-Hour Product 1 unit of Product2
2 $2 400 $20 $20 $45
3 $4 300 $20 $25 $40
4 $1 600 $20 $30 $40
5 $10 1000 $20 $15 $30

Elon musk is the ceo of tesla motors. musk also serves as chairman of tesla's board. according to corporate governance theory, which of the following is a logical reason why musk should serve on the board? 1. he serves on many other boards, including that of a major client of tesla.2. his is an independent director who is well positioned to monitor the company's management.3. he can easily fire board members that are shirking their duties.4. he can provide the board with valuable inside information about the firm and the industry.

On april 1, 2017, jiro nozomi created a new travel agency, adventure travel. the following transactions occurred during the company’s first month. april 1 nozomi invested $30,000 cash and computer equipment worth $20,000 in the company in exchange for common stock.2 the company rented furnished office space by paying $1,800 cash for the first month's (april) rent.3 the company purchased $1,000 of office supplies for cash.10 the company paid $2,400 cash for the premium on a 12-month insurance policy. coverage begins on april 11.14 the company paid $1,600 cash for two weeks' salaries earned by employees.24 the company collected $8,000 cash on commissions from airlines on tickets obtained for customers.28 the company paid $1,600 cash for two weeks' salaries earned by employees.29 the company paid $350 cash for minor repairs to the company's computer.30 the company paid $750 cash for this month's telephone bill.30 the company paid $1,500 cash in dividends. the company's chart of accounts follows: 101 cash 405 commissions earned106 accounts receivable 612 depreciation expense—computer equip.124 office supplies 622 salaries expense128 prepaid insurance 637 insurance expense167 computer equipment 640 rent expense168 accumulated depreciation—computer equip. 650 office supplies expense209 salaries payable 684 repairs expense307 common stock 688 telephone expense318 retained earnings 901 income summary319 dividends use the following information: two-thirds (or $133) of one month’s insurance coverage has expired.at the end of the month, $600 of office supplies are still available.this month’s depreciation on the computer equipment is $500.employees earned $420 of unpaid and unrecorded salaries as of month-end.the company earned $1,750 of commissions that are not yet billed at month-end. required: 1. & 2. prepare journal entries to record the transactions for april and post them to the ledger accounts in requirement 6b. the company records prepaid and unearned items in balance sheet accounts.3. using account balances from requirement 6b, prepare an unadjusted trial balance as of april 30.4. journalize and post the adjusting entries for the month and prepare the adjusted trial balance.5a. prepare the income statement for the month of april 30, 2017.5b. prepare the statement of retained earnings for the month of april 30, 2017.5c. prepare the balance sheet at april 30, 2017.6a. prepare journal entries to close the temporary accounts and then post to requirement 6b.6b. post the journal entries to the ledger.7. prepare a post-closing trial balance.

4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms.a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.