The citizens of Kings Landing enjoyed both honey cakes and lemon cakes and each kind of cake had many bakeries that specialized in each. Unfortunately for the lemon cake makers, an early freeze in Dorne damaged the lemon crop, driving the price of lemons up and increasing the cost of lemon cakes from 8 pennies a cake to 10 pennies a cake. The bad news for lemon cake bakers was good news for honey cake bakers. The honey cake bakers saw sales from honey cakes increase from 1000 a day to 1200 a day and the price of a honey cake increase from 6 pennies to 8 pennies. Compute the cross price elasticity of honey cakes and the price of lemon cakes from the information you have available
Your calculated cross price elasticity includes both the impact of the increase in lemon cake prices and the impact of the increase in honey cake prices. Is your calculated cross price elasticity too high or too low?
What additional information would you need in order to correct your estimate of the cross price elasticity for honey cakes?

Acompany manufactures hair dryers. it buys some of the components, but it makes the heating element, which it can produce at the rate of 920 per day. hair dryers are assembled daily, 250 days a year, at a rate of 360 per day. because of the disparity between the production and usage rates, the heating elements are periodically produced in batches of 2,300 units. a. approximately how many batches of heating elements are produced annually? b. if production on a batch begins when there is no inventory of heating elements on hand, how much inventory will be on hand 4 days later? c. what is the average inventory of elements, assuming each production cycle begins when there are none on hand?

Beck company had the following accounts and balances at the end of the year. what is net income or net loss for the year? cash $ 74 comma 000 accounts payable $12,000 common stock $21,000 dividends $12,000 operating expenses $ 13 comma 000 accounts receivable $ 49 comma 000 inventory $ 47 comma 000 longminusterm notes payable $33,000 revenues $ 91 comma 000 salaries payable $ 30 comma 000

crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?