Johnson Co. had sales during the most recent accounting period of $100,000. The cost of goods available for sale during this period was $96,000, and the retail selling price for these same goods was $160,000. What is the estimated cost of ending inventory using the retail method?

a. $25,600             c. $36,000
b. $56,000             d. $64,000

Gledhill Products had net sales of $500,000 during the year. Their cost of goods available for sale during the year was $400,000. If the company’s products have an average gross profit of 45 percent, calculate the estimated cost of ending inventory, using the gross profit method.
a. $525,000           c. $ 75,000
b. $125,000           d. $100,000

1. Explain at least two reasons why economists assume most goods and services are convex to the origin.

2. Use the graph to explain each statement about interior solutions for imperfect substitutes below. In your explanation, make sure you are comparing the marginal utility per dollar spent on each good.

a.) at point a, the consumer should increase their consumption of ?? and decrease their consumption of ??.

b.) at point b, the consumer should not change their behavior.

c.) at point c, the consumer should decrease their consumption of ?? and increase their consumption of ??.

Pakistan, like most countries, import considerable amount of goods and services produced in other countries. On the contrary, economic theory says, a high living standard is the result of increase in country’s production of goods and services. Can you reconcile these two facts?

Which of the following goods likely has the most inelastic demand curve?

a. Comped business flight to an important meeting that will affect your chances at a promotion

b. Vacation flight to Maui.

c. Square feet in an apartment

d. Pet Adoption e. Marijuana

If a good has an elastic demand curve, a decrease in price and movement along the demand curve will result in:

a. An increase in total revenue

b. A decrease in total revenue

c. The same amount of total revenue

d. There isn’t enough information to answer the problem

Assuming the production function for retail checkouts are the same in each country, making use of automated capital and low-skilled workers. Why does Japan have so many more vending machines compared to the US?

a. Vending machines are cheaper to make in Japan.

b. Theft is less common in Japan.

c. The opportunity cost of hiring low-skilled workers is higher in Japan than in the US.

d. The cost of both vending machines and low-skilled workers is lower in Japan

e. Americans are more outgoing.

In the short-run, rising Variable Cost eventually corresponds to:

a. Diminishing returns to variable input

b. Increasing returns to variable input

c. Constant returns to scale

d. Decreasing returns to scale

e. Increasing returns to scale

Jean runs a pig farm and sells manure. She makes $250,000 in revenue, pays $150,000 in expenses, and has land and capital that are valued at $100,000. What is her economic and accounting profit?

a. Economic $100,000 Accounting $100,000

b. Economic $100,000, Accounting $0

c. Economic $0, Accounting $100,000

d. Economic $0, Accounting $0

e. Economic $0, Accounting $150,000

A perfectly competitive firm has a Total Cost function of TC=3Q2+2. Suppose the price increases from 1 to 12. How much does Q change for the firm if it’s profit-maximizing?

a. Increase by 1

b. Increase by 2

c. Increase by 0

d. Decrease by 1

e. Decrease by 2

1. Identify a most suitable goods/services business in which innovation can be done on the basis of the customer need in the GCC countries and the kind of eco-systems in the region, and where is such eco-system located. (You need to identify goods/services plus its required eco-system and the location of the eco-system.

2. What steps could be used to scale up the business concept. Mention any five steps.

3. What could be most probably innovation in that business and what effects might appear in the society because of your innovation? Mention any three effects

. 4. Identify your current career plans. Also indicate what kind of innovation could have a major impact in your planned career field, and what would be that impact.

List the exact references as footnotes on the respective pages, for the

You are the CEO of a large, name-brand consumer packaged goods company. Some of your most well-known products include frozen foods, bottled drinks and juices, salad/food dressings and snacks. You have garnered considerable success in the domestic U.S. market, where you have commanding market shares in almost all of your food categories. On a recent trip to the international foods convention in Vegas, you meet with some investment bankers who are following your company's strategy and day-to-day events. They point out to you that they would like to see you continue to sustain the high growth rate of your company. In fact, they believe that an important way to continue growing is by entering new overseas markets. You concur, and are willing to hear what else they might have to say. The bankers realize you are somewhat risk-averse, as you are unwilling to make an outright acquisition of a company in a market or region with which you are not familiar. However, they note that are two potential alliance partners who would like to talk with you. Both of these companies are in the same industry as you, so there is no issue of industry-based friction or tension. On the other hand, the two prospective firms differ from each other along some important dimensions.
The first company (call it A) is small, managed by a young and enthusiastic management team, but is comparatively new to the food business. In fact, the young leader of company A claims to have read about you in airline magazines and other business publications, and he/she aspires to build the same kind of company that you did. He/she looks up to you and is excited that you are considering his/her company as a potential partner. Company A is well-situated in an emerging market that looks promising, but is already well-represented by the operations and subsidiaries of other highly diversified, multinational food firms. Most of company A’s business is dedicated to providing bottled drinks to its own emerging market. These bottled drinks are wildly popular, and you are thinking that they could be exported to other similar emerging markets (and even the U.S. market) if the conditions are right. The bottled drinks business offer you a nice way to get into A’s emerging market, where you can contribute important skills, but you are concerned that the A’s facilities are not quite up to your quality standards. An additional factor to consider is that the transportation infrastructure in A’s marketplace is uneven, raising the possibility that freight damage could occur, as well as perishability, due to the limited shelf-life of bottled drinks. Company A prefers to work with you in a joint venture format where the both companies form a third-party entity that would serve as the nerve center and operations base of the alliance.
The second company (call it B) is large, and highly diversified in many food businesses. It is almost two-thirds (2/3) your size and has been around for almost thirty years. It has a long history of working closely with the government in its marketplace, and at one point, was owned by the government before it was privatized. Competing in a free-market economy remains more of an abstract, than a real, tangible concept. In fact, company B is often a place where departing government officials often call home, since there are many ties with B’s management that were developed over time. Company B’s management has a marked tendency to look towards its central government for “guidance” on how it should compete. As such, the company has not evinced a high degree of urgency for profitability nor for perfection. Although B owns a number of modern, state-of-the-art bottling and food processing facilities, they are all heavily unionized, and workers are worried about competing in this post-privatization environment. Company B offers you a wide variety of possible joint food-related projects within a broad alliance, and B’smarketplace is only now beginning to be discovered by other multinational firms. Transportation in B’s marketplace is somewhat better, but company B has relied exclusively on its own set of suppliers for bottles, cans, labels, and bottle caps for a long time. There are few other suppliers of these inputs to B in that market. Company B, however, does not want to work in a joint venture alliance format with you. In fact, company B insists on a co-production arrangement that does not involve any type of third-company formation, equity sharing or the like.Being somewhat of a cautious person, you choose to investigate allying with only one of the two potential partners. Financing is easily available.

Based on the notion of differing perceptions of time, how does Company A appear to think? Also, how does Company B appear to think? What makes each company “tick?”

A company is planning to make equal quarterly deposits into a bank account. They want their
account to have 1.5 million dollars after 5 years from now because they want to buy a certain
machine. Note that the first quarterly deposit is made today and the last deposit is made at
the end of year 5.
A) If the bank’s interest rate is 14% per year compounded monthly, how much should the
company deposit each quarter? (12.5 points)
B) If the bank’s interest rate is still 14% per year but compounded continuously, how much
should the company deposit each quarter? (12.5 points)

1. Find the present value of a ten-year annuity which pays $600 at the beginning of each quarter for the first 5 years, and then $500 at the beginning of each quarter for the remaining years. The annual effective interest rate is 5%. Round your answer to two decimal places.

2. A bank makes payments continuously at a rate of $260 per year. The payments are made between times 6 and 9 (measured in years). Find the present value of these payments at time 2 using an annual effective rate of discount of 6%. Round your answer to two decimal places.

pls show all steps and work

Water is falling on a surface, wetting a circular area that is expanding at a rate of 8mm^2/s How fast is the radius of the wetted area expanding when the radius is 173mm?  (Round your answer to four decimal places.) Options are: 0.0074 mm/s 0.0462 mm/s 135.8738 mm/s 0.0147 mm/s