Sports Co. is considering producing two goods, cricket wickets and cricket gloves. Following table provides information on all combinations of the wickets and gloves the company can produce : Combinations A B C D E F
Wickets 0 100 200 300 400 500
Gloves 420 400 360 300 200 0

a. Plot and connect the given combinations, in a clearly labelled graph, to create an economic model of Sports Co. ( 1 Mark )
b. What does the model represent in economic terminology? Define the concept and explain the assumptions behind this model. ( 1 Mark )
c. If Sports Co. currently produces 100 wickets and 400 gloves, what is the opportunity cost of an additional 100 wickets? ( 1 Mark )
d. Is the production of 200 wickets and 200 gloves efficient? Explain. ( 1 Mark )
e. What will be the impact on the graph if Sports Co. can acquire a new machine that will increase production of gloves? Support your answer with illustration on the graph in (a) above. ( 1 Mark )

If we know that a firm has a net profit margin of 4.6 %, total asset turnover of 0.62, and a financial leverage multiplier of 1.54, what is its roe? what is the advantage to using the dupont system to calculate roe over the direct calculation of earnings available for common stockholders divided by common stock equity?

The following balance sheet for the los gatos corporation was prepared by a recently hired accountant. in reviewing the statement you notice several errors. los gatos corporation balance sheet at december 31, 2018 assets cash $ 44,000 accounts receivable 86,000 inventories 57,000 machinery (net) 122,000 franchise (net) 32,000 total assets $ 341,000 liabilities and shareholders' equity accounts payable $ 54,000 allowance for uncollectible accounts 7,000 note payable 59,000 bonds payable 112,000 shareholders' equity 109,000 total liabilities and shareholders' equity $ 341,000 additional information: cash includes a $22,000 restricted amount to be used for repayment of the bonds payable in 2022. the cost of the machinery is $194,000. accounts receivable includes a $22,000 note receivable from a customer due in 2021. the note payable includes accrued interest of $7,000. principal and interest are both due on february 1, 2019. the company began operations in 2013. income less dividends since inception of the company totals $37,000. 52,000 shares of no par common stock were issued in 2013. 200,000 shares are authorized. required: prepare a corrected, classified balance sheet. (amounts to be deducted should be indicated by a minus sign.)

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units