Philadelphia fun-cycles (PFC) is buying new cycles for rentals during the next summer season for tourists visiting Fairmount park. It has a budget of has $90,000 that can be used to purchase new rental cycles that can have 1, 2, or 4 seats. The cycles can be purchased from two different manufacturers. PFC would like to purchase at least 60 cycles in total. These cycles can be any mix of 1, 2, or 4 seaters. PFC wants a total seating capacity of at least 150. PFC also wants to buy at least 15 one-seaters, 15 two-seaters and 15 four-seaters They would like to purchase the same number of cycles from both manufacturers to maintain goodwill. Cycle Builder Cost Seating Expected Daily
Capacity Profit
The Roadie Mighty Cycles $500 1 $100
The Doubler Mighty Cycles $900 2 $140
The Rickshaw Mighty Cycles $1800 4 $200
The Speedy S&K Cycles $800 1 $115
The Cozy S&K Cycles $1000 2 $150
The Caravan S&K Cycles $1500 4 $180
How many cycles and which type of cycles should PFC purchase? Formulate this problem as a linear program and solve it.

Balance sheet baggett company's balance sheet accounts and amounts as of december 31, 2016, are shown in random order as follows: account debit (credit) account debit (credit) income taxes payable $(3,800) additional paid-in capital on preferred prepaid items 1,800 stock $(7,900) additional paid-in capital on common stock (9,300) allowance for doubtful accounts (1,600) land 12,200 bonds payable (due 2020) (23,000) notes payable (due 2019) (6,000) buildings 57,400 notes receivable (due 2018) 16,400 sinking fund to retire bonds payable 5,000 accounts receivable 12,600 advances from customers (long-term) (2,600) premium on bonds payable (1,400) cash 4,300 accounts payable (13,100) accumulated depreciation: equipment (9,700) inventory 7,400 retained earnings (18,300) accumulated depreciation: buildings (21,000) preferred stock, $100 par (18,600) patents (net) 4,600 wages payable (1,400) equipment 28,700 common stock, $10 par (12,700) required: 1. prepare a december 31, 2016 balance sheet for the baggett. baggett company balance sheet december 31, 2016 assets current assets: $ $ $ long-term investments: $ property, plant, and equipment: $ $ $ intangible assets: liabilities current liabilities: $ $ long-term liabilities: $ $ other liabilities: shareholders' equity contributed capital: $ $ $ $ 2. compute the debt-to-assets ratio. round to one decimal place. do not enter a percent sign (%) as part of your answer. %

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

What role do business cycles play in a market economy