Monopoly Discussion Total Revenue and Elasticity:

The total revenue test shows that the monopolist will avoid the inelastic segment of its demand schedule. As long as demand is elastic, total revenue will rise when the monopoly lowers its price, but this will not be true when demand becomes inelastic.

• At this point (inelastic), what happens to total revenue? Explain in detail use examples, data, and facts to support your argument.
• Monopolists will expand output only in the elastic portion of its demand curve. Why?
• How does the decision impact the firm's output, revenue, and or profit.

6. A project has the following total (or net) cash flows.

__________________________________________

Year Total (or net) cash flow

_________________________________________

1- $20,000

2- 30,000

3- 50,000

4- 60,000

_________________________________________

The required rate of return on the project is 15 percent. The initial investment (or initial cost or initial outlay) of the project is $80,000.

a) Find the net present value (NPV) of the project.

b) Find the profitability index (PI) of the project.

c) Calculate the modified internal rate of return (MIRR) of the project.

1.TOTAL MOTIVATION of Employees is crucial in any organization.

Illustrate the framework of the TOTAL MOTIVATION MODEL of organizational behavior in the organization.

For a moist soil sample the following are given: Total volume = 1.15 m3 Total mass = 2300 kg Moisture content = 7.4 % Gs = 2.69 Determine the following: 1. Moist unit weight (γwet) 2. Dry unit weight (γd) 3. Void ratio (e) and Porosity (n) 4. Degree of saturation (Sr) 5. Volume of water in the soil sample

An industrial wastewater contains a total cyanide concentration of 10-3M and a total nickel concentration of 210-4M. Calculate the concentrationof all species (HCN, CN-, Ni2+, and all cyanide and hydroxy complexes of nickel) at pH 9.0. State and verify all assumptions.

1. Assets total $100,000 and liabilities total $20,000. What is the equity of the business?  
   1. $800  
   2. $8,000  
   3. $80,000  
   4. $88,000
   5. None of the above
2. If during the accounting period the assets decreased by $10,000, and equity increased by $2,000, then how did liabilities change?  

1. Increased by $12,000  
2. Increased by $8,000  
3. Decreased by $12,000
4. Decreased by $8,000  
5. Decreased by $6,000

3. If during the accounting period the assets increased by $14,000, and equity increased by $4,000, then how did liabilities change?  

1. Increased by $10,000  
2. Increased by $4,000  
3. Decreased by $4,000
4. Decreased by $10,000  
5. Decreased by $18,000

4. Purchasing equipment on account will have what effect on the accounting equation?  

1. Increase in equipment and a decrease in equity  
2. Increase in equipment and an increase in equity  
3. Increase in equipment and an increase in liabilities  
4. Increase in equipment and a decrease in liabilities  
5. None of the above

5. Services rendered for which cash has not yet been received will have what effect on the components of the accounting equation?  

1. Increase in accounts receivable and a decrease in equity  
2. Increase in accounts receivable and an increase in equity  
3. Decrease in accounts receivable and an increase in equity  
4. Increase in fees earned and a decrease in equity  
5. Decrease in accounts receivable and a decrease in equity

6. Problem #1 Professor Quark opens his own company, Electronic Tutorial Services, and completes the following transactions in June:

• 6/1 Quark invests $12,000 into the business.
• 6/3 Purchased $1,800 of equipment on account.
• 6/4 Paid $360 for a two-year insurance policy.
• 6/6 Purchased office supplies for cash, $300.
• 6/9 Purchased a new computer for $7,500. Paid $1,500 cash agreed to pay the remainder in 30 days.
• 6/10 Billed student Fiona Smith $40 for tutorial services that were performed.
• 6/14 Paid for the equipment purchased on June 3rd.
• 6/25 Received $35 cash from student Bert Bantrum for tutorial services performed.
• 6/30 Student billed on June 10 pays the amount due to Quark.
• 6/30 Quark withdraws $500 for personal use.

Required: Prepare the journal entries to record these transactions. How much cash did Professor Quark have at the end of June?

7. Problem #2 Maria Sanchez started the Merry Mowers lawncare business. She began operations on May 1st and completed the following transactions, which included her initial investment of $8,000 cash. After these transactions, the ledger included the following accounts with normal balances.

• Cash $ 9,440     
• Office Supplies 500        
• Equipment 3,000     
• Accounts Payable 500        
• Notes Payable 2,000     
• Maria Sanchez, Capital 8,000     
• Lawncare Revenue 3,200     
• Gas and Oil Expense 210        

Required: Prepare a balance sheet and income statement for this business at the end of May.

8. Problem #3 Below are accounts listed for September for PC Partners, a company that installs/repairs home computers for customers. The business is owned by Ed Connor. The accounts are listed in alphabetical order. For the month of September, prepare an income statement and a balance sheet.

ACCOUNT BALANCE

Accounts Payable 4,200

Accounts Receivable 8,480

Advertising expense 420

Capital (Ed Connor) at 08/31/04 56,000

Cash 35,460

Entertainment Expense 600

Equipment 15,700

Installation Revenue 15,600

Miscellaneous Revenue 800

Photocopying Expense 150

Rent Expense 1,300

Repair Revenue 8,650

Supplies 8,400

Truck 8,500

Unearned Revenue 760

9. At the end of the accounting period, the business had $4,500 of office supplies on hand. At the beginning of the period, the amount of supplies on hand was $3,000. If the business purchased $12,000 of office supplies during the year, what amount of office supplies were used during year?

1. $16,500  
2. $14,250  
3. $10,500  
4. $ 9,750  
5. None of the above

10. Zach LLP wrote a check to pay an advertising bill for services for the next month. What is the entry?
    1. Debit – Loan Note Payable, Credit – Cash
    2. Debit – Cash, Credit – Account Payable
    3. Debit – Prepaid Advertising, Credit – Cash
    4. Debit – Cash, Credit – Advertising Expense

1. In a uniform open channel flow:
   1. The total energy remains constant along the channel
   2. The total energy line either rises or falls along the channel depending on the state of the flow
   3. The specific energy decreases along the channel
   4. The line representing the total energy is parallel to the bed of the channel

2. In which of the following situations, the flow is uniform?
   1. Flow in channel contraction or expansion
   2. Flow in the vicinity of a bridge pier
   3. Flow at the middle of a long prismatic channel far away from the obstruction

3. Uniform flow in an open channel exists when the flow is steady, and the channel is
   1. Prismatic
   2. Non-prismatic and the depth of the flow is constant along the channel
   3. Prismatic and the depth of the flow is constant along the channel
   4. Frictionless

4. In uniform flow, there is a balance between:
   1. Gravity and frictional forces
   2. Gravity and inertial forces
   3. Inertial and frictional forces
   4. Inertial and viscous forces

5. The water depth in a wide channel is equal to 1.2m (For a very wide channel R is approximately equal to y). If the Chezy coefficient is equal to 49 (metric), then Manning coefficient n (metric) is equal to:
   1. 0.024
   2. 0.021
   3. 0.026

Green Lumber has - Total sales of $387,200, - Total assets of $429,600, - Current liabilities of $45,000, - Dividends paid of $24,000, - Net income of $57,700.

Assume that all costs, assets, and current liabilities change spontaneously with sales. The tax rate and dividend payout ratios remain constant. Assume the firm is currently operating at full capacity.

If the firm's managers project a firm growth rate of 12 percent for next year, what will be the amount of external financing needed to support this level of growth?

Please explain how to calculate Total Social Welfare (total surplus) with and without the presence of an excise tax, without the use of imagery.