Use the space below and the back to write out and clearly indicate your answers. in a small mid-western college town, students and faculty members are the only people who like donuts. the students’ inverse demand for donuts is represented by the equation, while the faculty members’ inverse demand is represented by the equation 1) write down a conditional function that represents the total demand for donuts. be careful to account for the demand function when price is below 156 and when price is above 156. show your work. (3pts)

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.