1. A company make profits of $22,000 on each of its five low end products $50,000 for each of the two mid end ones and $270,000 from one top product. The number of products contributing less than the mean profit is

a) 4 b) 7 c) 5 d) 6 e) 0

2. Of most of the prices in a large data set are of approximately the same magnitude except for a few observations that are quite a bit larger, how would the mean and median of the data set compare and what shape would a histogram of the data set have?

a) the mean would be equal to the median and the histogram would be symmetrical

b) the mean would be smaller than the median and the histogram would be skewed with a long right tail.

c) the mean would be larger than the median and the histogram would be skewed with a long left tail

d) the mean would be larger than the median and the histogram would be skewed with a long right tail

e) the mean would be smaller than the median and the histogram would be skewed with a long left tail

3. What are the assumptions behind the two pricing strategies and what are their strength and weakness?

4. Suppose a university decides to raise tuition fees to increase the total revenue it receives from students. This strategy will work if the demand for education at the university is..

a) unit elastic b) inversely related to price c) elastic d) inelastic e) perfectly elastic

Identify the pricing policy(ies) used by the producers in each case. Give reasons and important conditions to support
your arguments.
(e) The customer who purchases up to 1,000 Baht in one day may use the receipt to buy products from the store at 5
percent discount.
(f) Monday special offer at See Fa Restaurant : Order 2 dishes + one dessert costs only 64 Baht.
(g) The price for genuine HP Laser printer cartridges is a lot more expensive than the imitated or recycled ones.
(h) MS Office Suit (Words+Excel+Access+PowerPoint) is cheaper than the combined purchase price of each individual
computer software package.
(i) Just Talk from TA Orange offers many pre-paid cellular phone services ranging from 300 Baht, 500 Baht, and 1,000 baht

Topic : monopoly

1. Consider the cyanobacteria Anabaena. Individual cells grow attached to each other in long chains. Most perform photosynthesis, using photosystems I and II to generate ATP and NADPH that they use to power the fixation of carbon dioxide via the Calvin cycle. However, a small number form heterocysts, cell that instead of performing photosynthesis, fix nitrogen into ammonium. Heterocyts share their nitrogen compounds with their photosynthetic neighbors, who in turn share sugars with the heterocysts.

a)If you extracted all the RNA from a single heterocyst, and all the RNA from single photosynthetic cell, what information would this give you?

b)Would you find RNA that is the same between the two cell types? If yes suggest three examples.

c)Would you find RNA that is different between these two cell types? If yes, suggest three examples.

Populism is a development that has exponentially been growing. Yet, globally there is much criticism of populist leaders. In preparation for this discussion, take a look at the concept of populism and Google it. Also, Google a couple of global leaders who are identified as populist.

Now, armed with that information, particularly in the midst of the critiques of democracy being taken away from the people by populist leaders, how do you think the concept of groupthink plays out in our society and how do you believe that trend towards groupthink can that trend be reversed?

Last, but not least, how do you believe groupthink will play into how the world navigates through this pandemic that is impacting people on a global basis? Can groupthink be a positive or a negative construct as we move through these times? How can groupthink contribute to the individual and collective stress of people?

This is just a general question from Organizational Development Perspective.

2. Your text talks about free trade areas, customs unions and common markets. It also discusses basic principles of the WTO, including trade should not be discriminatory and should head in the direction of fewer rather than more barriers. And finally it discusses the welfare impacts of tariffs and other trade barriers on a country, including consumers, producers and government. Suppose three countries US ($8), Mexico ($6) and China ($4) make a good at the prices in parenthesis. Now consider the following alternative scenarios:  Scenario 1: The current tariff rate is $5 a. If there are no free trade arrangements, from which country’s producers will US consumers buy the product? (1 point) b. If we now signed NAFTA, from which country’s producers will US consumers buy the product? (1 point) c. Are US consumers and the country as a whole better off or worse off with NAFTA and why? (1 point)  Scenario 2: The current tariff rate is $3 d. If there are no free trade agreements, from which country’s producers will US consumers buy the product? (1 point) e. If we now signed NAFTA, from which country’s producers will US consumers buy the product? (1 point) f. Are US consumers and the country as a whole better off or worse off with NAFTA and why? (1 points) g. What is the difference in the two scenarios? What does that tell you about the impact of free trade agreements? (2 points)

The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December, the corporation entered into the following transactions.

Data for Adjusting Entries

The advance payment of rent on December 1 covered a period of three months.

The annual interest rate on the note payable to Rent-It is 6 percent.

The rental equipment is being depreciated by the straight-line method over a period of eight years.

Office supplies on hand at December 31 are estimated at $620.

During December, the company earned $4,600 of the rental fees paid in advance by McNamer Construction Company on December 8.

As of December 31, six days’ rent on the backhoe rented to Mission Landscaping on December 26 has been earned.

Salaries earned by employees since the last payroll date (December 26) amounted to $1,900 at month-end.

It is estimated that the company is subject to a combined federal and state income tax rate of 40 percent of income before income taxes (total revenue minus all expenses other than income taxes). These taxes will be payable in Year 2.

1. Record the rent expense for December.

2. Record the interest on note payable to Rent-It.

3. Record the depreciation for December.

4. Record the office supplies used during the month.

5. Record the portion of advance payment by McNamer Construction Co.

6. Record the fees earned from Mission Landscaping on backhoe rental

7. Record the accrued salaries payable at month-end.

8. Record the income taxes for December.

Debit and Credit all 8 problems individually

For each transaction below, enter its value and sign, and whether it belongs to the current or financial accounts. Compute the Current Account Balance, the Financial Account Balance, and indicate whether there is a Balance of Payment surplus or a Balance of Payments deficit (i.e. compute the Balance of Official Settlements).

a. A French wine consultant is hired to advise wineries in Napa on wine tasting. The Napa wineries pay the consultant $300, which the (French) consultant keeps in a bank account in Napa.

b. The United States Treasury pays interest on T-bills held by Black Rock, a British Bank, for $200. The bank holds the US dollars in a London account.

c. The European Central Bank purchases $100 from a New York bank, paying with euros that the New York bank holds in a bank in Frankfurt.

d. A Chinese holding company buys IMB, and American company, by acquiring its shares in the American stock market. The Chinese firm pays $400 to acquire IMB, and it pays with US dollars it had in its accounts.

e. The import of kimonos from Japan to the United States for $100. The American importer pays for the kimonos in Japanese yen, which the importer held in an account in Tokyo.

The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid for the $1,000 purchase with cash. The goods cost Evergreen Company $600. 15 Sold merchandise to Claudio’s Chair Company at a selling price of $5,000 on terms 3/10, n/30. The goods cost Evergreen Company $3,500. 20 Sold merchandise to Otto’s Ottomans at a selling price of $3,000 on terms 3/10, n/30. The goods cost Evergreen Company $1,900. 23 Collected payment from Claudio’s Chair Company from the July 15 sale. Aug. 25 Collected payment from Otto’s Ottomans from the July 20 sale. Required: Prepare journal entries to record the transactions, assuming Evergreen Company uses a perpetual inventory system.

Following to questions answer the following:

- Provide the null and alternative hypotheses with the appropriate symbols.

- The significance level of the test. If it is not given use a significance level of 0.05.

- The P-value for the test. State whether you reject or fail to reject the null hypothesis. In other words, compare the P-value to the significance level to decide whether to reject or fail to reject the null hypothesis.

Question 1:

The body mass index or BMI of an individual is a measure used to judge whether an individual is overweight . A BMI between 20 and 25 indicates a normal weight. In a survey of 750 men and 750 women, the Gallup organization found that 203 men and 270 women were normal weight. Using a significance level of 0.10, determine whether there is a difference in the proportion of men compared the proportion of women who are normal weight.

Question 2:

In a Gallup poll, 513 national adults who consider themselves to be Democrat were asked, "Of every tax dollar that goes to the federal government, how many cents of each dollar would you say are wasted?" The sample mean for the Democrats was found to be 41 cents with a sample standard deviation of 2.6 cents. The same question was asked of 513 national adults who consider themselves to be Republican. The sample mean for the Republicans was found to be 54 cents with a standard deviation of 2.9 cents. Use this information to determine if Democrats believe fewer tax dollars are wasted compared to Republicans.