Swifty Inc. had beginning inventory of $11,000 at cost and $19,800 at retail. Net purchases were $122,300 at cost and $184,200 at retail. Net markups were $11,000, net markdowns were $7,000, and sales revenue was $140,100. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)

• When a seller decides to change his price for a particular good, will quantity demanded change drastically? And what will happen to the total revenue, will it increase or fall?

•Will individuals form teams or firms in all settings?

•Economic profit is usually lower than accounting profit. A firm that makes zero economic profit is said to be earning normal profit. Is zero economic profit bad for a firm?

•Discuss the difference between monopolistic competition and oligopoly.

•What makes it rare for an industry to be in a perfect competition setting?

Assume that a business was started on January 1, 2003 when it

acquired $60,000 cash from its owner(s). During 2003 the

company generated $29,000 of cash services revenue,

incurred $19,000 of cash expenses, and distributed $4,000

cash to the owner(s).

•

Prepare a statement of changes in equity for this partnership:

–

Carl Link and Bill Morgan established the business as a

partnership. Link contributed 60% of the capital, Morgan

40%. The partners agreed to share profits and withdrawals

in proportion to their capital investments

They forecast new revenues of $100 million in the first year and $200 million in year 2, growing at 2.5% per year thereafter. The cost of goods underlying these new revenues is 45 percent of the revenues.

To achieve these synergies will require an investment of $400 million initially, and 5% of the added revenue each year, to fund working capital growth.

Find the net present value of these synergies using a discount rate of 15% and a marginal tax rate of 40%.

Please show how answers are derived.

Answer all the Questions and should have included 500 words in each questions:                                                                           
1. Expenses, losses, and distribution of owners are all decreases in net assets. What are the distinctions among them?
2. Is it necessary that a trial balance be taken periodically? What purpose does it serve?
3. How does information from the balance sheet help users of the financial statements?
4. What is the relationship between current assets and current liabilities?
5. What is the difference between Accounts receivable and Revenue?

7. PDQ Corporation is considering an investment proposal that requires an initial investment of $100,000 in equipment. Fully depreciated existing equipment may be disposed of for $30,000 pre-tax. The proposed project will have a five-year life and is expected to produce additional revenue of $45,000 per year. Expenses other than depreciation will be $12,000 per year. The new equipment will be depreciated to zero over the five-year useful life, but it is expected to actually be sold for $25,000. PDQ has a 40% tax rate.

You are considering starting a walk-in clinic. Your financial projections for the first year of operations are as follows:

Assume that all costs are fixed, except supply costs, which are variable. Furthermore, assume that the clinic must pay taxes at a 31 percent rate. What number of visits is required to provide you with an after-tax profit of $85,658?

1- Exchange of goods and services?

2- telcommunication company selling talk time through scratch cards? detaild explination at least 5 lines + the example

3- magazine subscription? detaild explination at least 5 lines + the example

4- goods sold under " Sale or Return "? detaild explination at least 5 lines + the example

5- revenue recognition for MEDIA COMPANY when the advertisment are aired even if the payment is not recevied or reveived in advance? detaild explination at least 5 lines + the example

The Mount Sunburn Athletic Club has two kinds of tennis players, Acers and Netters, in its membership. A typical Ace has a weekly demand for hours of QA = 6 − P .
A typical Netter has a weekly demand of QN = 3 − P/2.

The marginal cost of a court is zero and there are one thousand players of each type. If the MSAB charges the same price per hour regardless of who plays, what price should it charge if it wishes to maximize club revenue?

Presented below is information related to Novak Company.

Cost

Retail
Beginning inventory $150,815 $283,000

Purchases 1,369,000 2,130,000
Markups 93,200
Markup cancellations 14,700
Markdowns 35,900
Markdown cancellations 4,900
Sales revenue 2,186,000

Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)

Ending inventory using conventional retail inventory method