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The following data were provided by Mystery Incorporated for the year ended December 31:

1. 2-a. What was the amount of gross profit?

2. 2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.)

1. The demand function in a duopoly is: P = 100 – 2(Q₁ + Q₂). If the first firm decides to sell 10 units while the second firm sells 20 units, which of the following will be true?

   		The second firm will earn twice as much revenue as the first firm.
   		The second firm will sell at a lower price than the first firm.
   		An increase in one firm’s output will not affect the other firm’s revenue.
   		The first firm will earn a higher profit than the second firm.
   		The market price will be determined by the second firm’s output which is larger than the first firm’s output.

Sharp and Townson had capital balances of $80,000 and $150,000, respectively on January 1, 2014 of the current year. On May 8, Sharp invested an additional $20,000 in the partnership (already entered). During the year, Sharp and Townson withdrew $35,000 and $55,000, respectively (Already entered). At the end of the year, there was $500,000 balance in the 'Revenue' account and $380,000 in the 'Expenses' account. Sharp and Townson have agreed to split on a 2:1 basis, respectively. (xx.xx%)

1. Journalize the entries to close the revenue and expenses and the drawing accounts.

2. Prepare the statement of partner's equity for the current year.

2.

The inverse demand curve of a monopolist is given by:   

P = 200 − Q

and the marginal cost is constant at ​$10, how does charging the monopoly a specific tax of τ=​$12 per unit affect the monopoly optimum and the welfare of​ consumers, the​ monopoly, and society​ (where society's welfare includes the tax​ revenue)?

Calculate the following:

1. equilibrium price and quantity before the tax
2. equilibrium price and quantity after the tax
3. the change in consumer surplus
4. the change in producer surplus
5. the tax revenue
6. the change in society’s welfare
7. the incidence of the tax on​ consumers

Please show numeric work

A firm sells a product in a perfectly competitive market, at a price of $50. The firm has a fixed cost of $30. Fill in the following table and indicate the level of output that maximizes profit. How would the profit-maximizing choice of output change if the fixed cost increased from $40 to $60? More generally, explain how the level of fixed cost affects the choice of output

A breakeven analysis for net present worth is performed with a MARR of 15% and a useful life of 20 years with the following data:
Initial Cost: $750,000
Annual Cost (O&M): $60,000/ year with an annual increase of $5,000 each year
Annual Revenue: $80,000/ year with an annual increase of $1,000 each year
Salvage Value: $475,000
Determine the following:
a. If the project is viable (i.e. if the profit is larger than the cost using net present worth).
b. The gradient annual revenue increase to make the project viable.
c. The salvage value to make the project viable.

United Airlines plan to buy 34 airplanes for $120,000,000. Flight operations and ground costs are expected to be $7,000,000 per year and $4,000,000 per year respectively. United expects to sell 300,000 tickets and variable costs are expected to be 20 percent of revenue. With a 14 percent required rate of return, what minimum price per ticket are needed to justify the purchase of the airplanes? (Assume a 20- year life and no salvage value for the airplane at the end of 20 years)(Hint: Income = Rev. - Variable cost-Fixed Cost, find annual revenue).

Perform a horizontal analysis for Mazzic Inc. Use 2010 as the base year.

Do not enter dollar signs or commas in the input boxes.
Round your answers to 2 decimal places.

I have calculated everything but the something with the roundup must be wrong. Thank you!

Prepare statement of profit and loss and statement of financial position