1. Discuss how price discriminating monopolists stop products or services leaking from one market to another.
2. Explain why only normal profit may be earned in the long run in perfect competition

The following information pertains to Wayde’s Fish Tanks and Theresa’s Critter Control at the end of 2016:

ACCOUNT TITLE WAYDE’S FISH THERESA’S CRITTER

TANKS CONTROL

Compute each company’s debt to asset ratio, current ratio and times interest earned (EBIT must be computed…Earnings Before Interest and Taxes). Identify the company with the greater financial risk.

Compute each company’s return on equity ratio and return on assets ratio. Use EBIT instead of net income when computing the return on assets ratio. Identify the company that is managing its assets more effectively. Identify the company that is producing the higher return from the stockholders’ perspective. Explain how one company was able to produce a higher return on equity than the other.

Jack quit his job at Canadian Tire where he earned $28,000 a year. He cashed in $30,000 of corporate bonds that were paying him 10% annual interest. He used the proceeds to buy a mini-bus. Jack decided to buy the mini-bus in order to set up a commuter service between Delta and Vancouver. There are 200 people who will pay $800 a year for this commuter service. Out of the $800, $650 from each person goes to cover expenses such as: gas, maintenance, insurance and depreciation. A. What are Jack’s total revenues? B. What are Jack’s explicit costs? C. What is Jack’s accounting profit? D. List two important implicit costs that Jack has not included. E. What is Jack’s pure economic profit (loss)? What actions should Jack take based on his pure economic profit (loss)? F. What self-owned economic resource is not included in this question?

THE SMITH COMPANY

Using the business transactions below, complete t-accounts for the Smith Company. I have provided

a blank sheet of t-accounts as an attachment to this assignment. The company started business on

June 1, 2019.

a. John Smith, owner, invested $120,000 cash in the company.

b. The company purchased $10,000 of office equipment on credit.

c. The company billed a customer $2,000 as fees for services provided.

d. The company paid $1,000 cash for the monthly rent.

e. The company purchased office supplies for $500 cash.

f. The company paid $300 for the utilities for the month.

g. The company received $15,000 cash as fees for services provided to a customer.

h. The company paid the secretary’s salary for the month, $3,000.

i. John Smith withdrew $6,000 cash from the company for personal use.

As you work this problem, be sure to label entries with the appropriate “letter” associated with the

transaction. Also, be sure to compute the t-account balances when all transactions have been posted

to the t-accounts. And finally, prepare a trial balance. Use the Chart of Accounts provided for

account names.

CHART OF ACCOUNTS

ASSETS

Cash

Accounts Receivable

Office Supplies

Office Equipment

LIABILITIES

Accounts Payable

EQUITY

J. Smith, Capital

J. Smith, Drawing

REVENUES

Service Fees Earned

EXPENSES

Rent Expense

Utilities Expense

Salary Expense

Miscellaneous Expense

Q3. A or B?

A pharmaceutical company is testing two new medication that alleviates rheumatism symptoms. 35 random patients tested drug A and 71% of them reported their symptoms are alleviated. 60 random patients (who are different from patients who tried drug A) tried drug B and 73% of them reported they felt better after taking the medication. Suppose, the pharmaceutical company would launch an advertising campaign if more then 70% of the patients report the medication is effective.

1. What is the probability that drug A will be launched in the advertising campaign? (4 points)
2. What is the probability that drug B will be launched in the advertising campaign? (4 points)
3. What assumptions did you make to do the calculations? ( 2 points)

Discussion: (Minimum one page is required)

This Discussion is on emerging submarkets in the fast food industry and creating alternative responses. We also discuss competition in the high growth markets of sports drinks and electronic PDAs. This discussion is also on the future of the fax machine and scenario analysis on hybrid/alternative fuel automobiles.

Please answer all questions associated with the discussion. Some are opinion-based and just require that you weigh in with your thoughts or perspective.

Scenario: Hybrid cars will continue to improve and take 15% of the automotive market in a few years. Analyze it from the point of view of an energy company like Shell, a car company like Mercedes (who makes diesel cars) and Chrysler (who does not).

Dunne, Inc. a U.S. corporation, earned $500,000 in total taxable income, including $50,000 in foreign-source taxable income from its branch manufacturing operations in Brazil and $20,000 in foreign-source income from interest earned on bonds issued by Dutch corporations. Dunne paid $25,000 in Brazilian income taxes and $3,000 in Dutch income taxes. Dunne's U.S. tax rate is 21%.

a. The FTC limit related to the Brazilian manufacturing branch is $ and of this amount, Dunne is allowed
$.

b. The FTC limit related to the Dutch bonds is $ and of this amount Dunne is allowed $.

c. Dunne's U.S. tax liability (after any available FTC) is $.

d.   Dunne has a $ carryback/carryforward in the foreign branch basket.

SOCIAL MEDIA ALGORITHM

In today’s evolving world where technology takes a big part in our lives, social media is one of the essential part of one’s daily activity. It’s good to have a background of what shows up on our feed, may it be on Facebook, Twitter, Instagram, or even Tiktok. Social media algorithm is a very controversial topic nowadays, knowing that there are a lot of what we so called “Influencers” that their main goal is to get more views, more likes, more shares, or even comments on their posts. Social algorithm is a way of sorting every posts that the users’ sees on their feed based on the relevancy instead of the published time. What do I mean by relevancy? It is about what interests us as users of the social media platform. One good example of this is when you have searched for a particular item on Facebook, after sometime, you tend to see more posts from people for that specific item. Another example of this is that Facebook or Twitter put posts from your closest friends and family front-and-center in your feed because those are the accounts you interact with most often. Why is it controversial? As people believe at this time of pandemic, one of the means for us to acquire news is through Facebook and Twitter because we are too dependent on the social media that we tend to believe everything we see in it. People tend to share posts that are not real or fake. A user who always sees fake news on their timeline, tends to see more and more fake news due to this algorithm, which is a bad thing. If one user who is highly respectable, have lots of followers, and friends on their social media account, shares a post that is not true or is fake, knowing that that person is an influencer, those people that will be reached by that certain post might believe that it is true because the user has high respect for that person who shared the post. And if this happens, many users will share the said post making them believe it is true and the cycle goes on. And we do not want that to occur because it brings panic to some which leads to many more unwanted things. You see, users must understand that this algorithm is an important factor in our daily lives as well. We do not want going around sharing posts that isn’t true or are not verified with facts. We need to learn that when we use the social media, we’re not just simply scrolling or sharing posts because it can affect a whole lot of more things. By default, social media algorithm take the reins of determining which content to deliver to us users based on one’s behavior. As technology becomes more advanced, algorithm-based feeds will become more intelligent and engagement will be the only metric that matters. Love them or hate them, social algorithms are here to stay. Anything you can do to stay in good graces of each network’s algorithm is a plus and a must.

Most individual consumers in the consumer market buy goods and services for the purpose of personal consumption or to give as gifts to others for personal consumption too. However, in the business to business or industrial market, organizations buy some fundamental things from other organizations for various direct business operational purposes relevant for their main business offerings. (a) List out only 4 direct business operational purposes for which organizations buy what they buy from other companies in the B2B market . (b) Then, using 4 different real company-examples in different B2B buying situations, explain the 4 fundamental purposes by describing what each organization does with what it buys for the operation of business

sub ject : Marketing

• The analysis of the 10 types of Innovation – Individual Project

You have to choose one of these industries

1. Fashion Industry
2. Sport Industry
3. Information Technology Industry
4. Food & Beverage Industry
5. Education Industry
6. Transportation industry (Car, Motorcycle etc.)
7. Hotel & Tourism Industry
8. Household Industry (Furniture / Kitchen etc.)
9. Consumer products (e.g., Shampoo, Bath etc.)

• Please analyze the selected business with 10 Types of Innovation
• You have to select the most innovative business case from the selected industry
• Please give the detailed explanation of the ten types of innovation from the company.
• How many types of innovation do they have?

• What are they?
• And how do they apply these types of innovation in details? Please give a clear example with clear explanation