There are two countries, Home and Foreign, which produce cheese (Qc) and wine (Qw). Home has a fixed labor supply of 4000 hours. In Home, the unit labor requirement for Qc is 4 hours/Qc and the unit labor requirement for Qw is 2 hours/Qw. Foreign also has a fixed labor supply of 4000 hours. In Foreign, the unit labor requirement for Qc is 5 hours/Qc and the unit labor requirement for Qw is 1 hour/Qw. a. Draw the production possibilities frontiers (PPFs) for each country with Qc on the x-axis.
b. Draw the relative supply (RS) curve for the world market on a new graph.
c. Assume the relative demand (RD) curve takes the form [Pc/Pw]w = Qw + Q+w/Qc + Q*c]. Draw an RD curve on the graph in part (b) and identify the world equilibrium relative price of cheese.
d. On the PPFs graphs you drew for part (a), draw the lines that represent the consumption possibilities for these countries at the equilibrium world relative price of cheese.
e. Assuming the optimal ratio for consumption is described by Pc/Pw=Qw/Qc, solve for each country's optimal consumption point after trade (and show your work). Mark it on the graph and draw the associated (generalized) indifference curves for each country.

Symantec corp., located in cupertino, california, is one of the world's largest producers of security and systems management software. the company's consolidated balance sheets for the 2009 and 2008 fiscal years included the following ($ in thousands): current assets: receivables, less allowances of $21,766 in 2009 and $24,089 in 2008 $ 838,010 $ 758,700 a disclosure note accompanying the financial statements reported the following ($ in thousands): year ended 2009 2008 (in thousands) trade accounts receivable, net: receivables $ 859,776 $ 782,789 less: allowance for doubtful accounts (8,938) (8,990) less: reserve for product returns (12,828) (15,099) trade accounts receivable, net: $ 838,010 $ 758,700 assume that the company reported bad debt expense in 2009 of $2,000 and had products returned for credit totaling $3,230 (sales price). net sales for 2009 were $6,174,800 (all numbers in thousands).required: what is the amount of accounts receivable due from customers at the end of 2009 and 2008? what amount of accounts receivable did symentec write off during 2009? what is the amount of symentec’s gross sales for the 2009 fiscal year? assuming that all sales are made on a credit basis, what is the amount of cash symentec collected from customers during the 2009 fiscal year?

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was: