Assume that there are no fishing restrictions on the Pond. A fisherman on the pond can catch 100 fish per day if he is the only one to fish in the pond. Two fishermen can each catch 95 fish per day, and three can each catch 90 per day, four can each catch 85 per day, five can each catch 75 per day, six can each catch 65 per day, seven can each catch 55 per day, eight can each catch 40 per day, nine can each catch 25 per day, and ten can each catch 5 per day. Also assume if a fisherman was not fishing in the pond, their alternative activity will be worth 25 fish (i. e. the ‘other’ job the fisherman could be doing would pay them as well as catching 25 fish). A) How many fishermen will decide to go fish on the pond?B) How many fish will be caught per day on the pond?C) At this number of fishermen (i. e. the answer to part a), how many additional fish does this last fisherman add to the total number of fish caught per day?D) Could this be the optimal number of fishermen? Why or why not?

Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.

Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?

Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows.direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow.fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.