The grading of roadways requires both labor and machine time. Assume that from empirical experience, the number of miles of roadway H that can be graded as a function of L hours of labor and M hours of machine time is given by: H = 0.6L0.25 M0.6 Labor costs $70/hr, machine time costs $400/hr, and 24 miles of road must be graded. a) State this problem in terms of an objective function and constraint(s). b) Solve this problem by hand using the Lagrange multiplier method. Find the optimal values of L, M, and the Lagrange multiplier. c) Check your answer by enumeration using a programming language (Python) and by using Excel Solver. d) At the last minute, before your total cost estimate must be delivered, y

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)

Aminor has the legal right to repudiate

Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker