Mike and Pam own a cabin near Teluride, Colorado. In the current year the cabin was rented for 31 days to friends. Mike and Pam used the cabin a total of 14 days during the same year. After allocating the expenses between personal and rental use, the following rental loss was determined:Rental income $700Property taxes (250)Mortgage interest (300)Repairs and maintenance (100)Utilities (150)Rental loss (100)Required:1. How should Mike and Pam report the rental income and expenses for last year? a. Report the $100 loss for AGI. b. Include the $700 in gross income, but no deductions are allowed. c. Only expenses up to the amount of $700 rental income may be deducted. d. Report the interest ($300) and taxes ($250) as itemized deductions and the other expenses for AGI. e. No reporting for the rental activity is necessary.

conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?

Over the past year, three of the star salesmen at family resorts international's corporate office have been lured away to competitors. on top of that, karina, the general manager of the sales department, has noticed that most employees come in, do their jobs, and leave. family resorts offers a good salary, benefits, and tuition reimbursement, as well as a number of development and training programs. most employees seem contented enough, but karina would like to do something to increase the level of engagement among her staff. what do you think karina should do?