review the financial statements of the march of dimes for 2013 as presented in table 12-8. comment as you can (even in the absence of guidelines as to what constitutes norms for comparable foundations) on the fiscal strength of the organization as of Dec. 21, 2013 with respect to: liquidity, burden of debt relative to assets, adequacy of available resources to meet expenditures, current fiscal performance as indicated by surpluses or deficits and riskiness of revenue stream

Suppose that market demand can be represented as p = 100 - 3Q. There are 10 identical firms producing an undifferentiated product, each with the marginal cost function MC = 3q. If the firms form a cartel, the marginal revenue for the cartel is MR = 100 - 6Q. Compare the competitive outcome with the cartel outcome. What is the individual firm's incentive to cheat on the cartel? (show the procedure you reach your conclusion)

Lamar Advertising is considering investing in a project that requires an after-tax initial investment of $128 million and is expected to produce after-tax cash inflows of $29 million in advertising revenue for each of the next five years. The firm's cost of capital is 11%. Based on this information, the NPV of the project is _________ million and the firm should _________ the project

5.1 How can the government stimulate the economy in the short run?

5.2. What tends to happen to tax revenue and social security payments over the course of a business cycle?

5.3. Draw the Keynesian income-expenditure model of the economy showing the equilibrium level of real GDP below the full employment level of output. How could the RBA eliminate the cyclical unemployment? Show the effect diagrammatically.

Discuss the problems of measuring productivity in actual work situations.

How might productivity be measured for each of the following industries?

a. Education(e.g.,elementaryandsecondaryeducation,highereducation—undergraduate and graduate)

b. Government (e.g., the Social Security Office, the Internal Revenue Service)

c. Manufacturing (e.g., soap and toothpaste, computers, heavy machinery)

d. Finance and insurance (e.g., banks, insurance companies, brokerage houses)

1. For competitive firms, they set marginal cost equal to market price at profit-maximizing level of output.
2. In the short run, marginal revenue curve faced by a competitive firm is downward-sloping.
3. Competitive firms always produce a positive amount of output in the short run (q > 0).
4. Competitive firms earn zero economic profit in the long run equilibrium.

All these are True False Questions

To avoid harm to society, the government often becomes the supplier of a good or service when the respective market

a, would be a natural monopoly, and the good or service is considered essential

b, would be competitive enough to cause surpluses to develop

c, has been engaging in illegal activities that the government seek to eliminate

d, has a high profit, and the government can use those to replace tax revenue

Companies can gain efficiencies by implementing effective ongoing monitoring of their internal control processes. Identify the important onging monitoring procedures that an organization might use in assessing its controls over revenue recognition in each of the following situations:

a. A convenience store such as 7-Eleven

b. A chain restaurant such as Olive Garden

c. A manufacturing division of a larger company that makes rubberized containers for the consumer market

Let us say that long-term debt has an interest rate and short-term debt does not. Then why not finance your entire operation with non interest bearing short-term payables? Could save you money! What does the current ratio really measure and should it vary depending on the certainty of sales revenue? Note: textbooks probably get this wrong in my opinion.

On July 1, 2019, the Renaissance Hotel collected a deposit of $1,335 from a customer for a banquet room and catering services for a wedding which will occur on June 30, 2021, the market rate of interest is 6%.

Required:

1. Record the collection of the cash on 7/1/19.
2. Record any required adjusting entries for December 31, 2019 and 2020.
3. Record the recognition of revenue on June 20, 2021.