Suppose a firm has the following production function: Q(L, K)=4K1/2L1/2 Recall that the isocost line is as follows: C=wL+rK What is the (long run) optimal choice of L and K for a given Q, w, and r? In other words, provide a formula for the optimal choice of labor L∗(w, r,Q) and capital K∗(w, r,Q) as a function of the parameters Q, w, and r. Given Q=16, w=4, and r=1, what are the optimal levels of labor and capital, L∗ and K∗? What is the cost of producing Q=16 at these input prices? Suppose now that you are in the short run, Q=16, w=4, r=1, and the capital level is fixed at K¯=16. What is the optimal level of labor in the short run? What is the cost of producing Q=16 in the short run at these input prices?

On july 1, 2016, killearn company acquired 103,000 of the outstanding shares of shaun company for $21 per share. this acquisition gave killearn a 40 percent ownership of shaun and allowed killearn to significantly influence the investee's decisions. as of july 1, 2016, the investee had assets with a book value of $6 million and liabilities of $1,468,500. at the time, shaun held equipment appraised at $140,000 above book value; it was considered to have a seven-year remaining life with no salvage value. shaun also held a copyright with a five-year remaining life on its books that was undervalued by $562,500. any remaining excess cost was attributable to goodwill. depreciation and amortization are computed using the straight-line method. killearn applies the equity method for its investment in shaun. shaun's policy is to declare and pay a $1 per share cash dividend every april 1 and october 1. shaun's income, earned evenly throughout each year, was $580,000 in 2016, $606,600 in 2017, and $649,200 in 2018. in addition, killearn sold inventory costing $93,000 to shaun for $155,000 during 2017. shaun resold $97,500 of this inventory during 2017 and the remaining $57,500 during 2018.a. determine the equity income to be recognized by killearn during each of these years. 2016 2017 2018b. compute killearn’s investment in shaun company’s balance as of december 31, 2018.

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?