A monopolist has a demand curve given by P = 92 - 8Q and a total cost curve given by TC = 60Q.

3. The associated marginal cost curve is MC = 60. What is the monopolist's marginal revenue curve?
   1. MR = 70 - 8Q
   2. MR = 92 - 16Q
   3. MR = 70 - 8Q
   4. MR = 56 - Q
   5. none of the above

4. And what is the monopolist's profit maximizing quantity?
   1. 2
   2. 6
   3. 18
   4. 9
   5. none of the above

5. And what price will the monopolist charge?
   1. 50
   2. 76
   3. 9
   4. none of the above

6. And how much economic profit will the monopolist earn?
   1. 36
   2. 32
   3. 90
   4. d. 162
   5. e. none of the above

The following are T-accounts for Jones’s Consulting with the balances provided.

Required:
a. Prepare closing entries at December 31, 2020.

b. Post the journal entries to the T-accounts.

c. Prepare a post-closing trial balance.

• The Republicans are preparing to pass major legislation – the Tax Cut and Jobs Act – that they say will boost the growth rate for the U.S. economy from ~ 2 percent to ~4 percent. Republicans claim that the tax cuts will “pay for themselves” because all of that growth will mean higher tax revenue even as tax rates come down. Many economists argue that this is based on flawed “trickle-down” economics that comes from a belief in the Laffer Curve. Write a short essay explain how both sides think about this issue. (Keep your opinion to yourself and just explain the economic logic behind both arguments.)

A manufacture has been selling 1800 television sets a week at $390 each. A market survey indicates that for each $10 rebate offered to a buyer, the number of sets sold will increase by 100 per week.

a) Find the function representing the demand p(x), where x is the number of the television sets sold per week and p(x) is the corresponding price. p(x) =

b) How large rebate should the company offer to a buyer, in order to maximize its revenue? dollars

c) If the weekly cost function is 117000 + 130x, how should it set the size of the rebate to maximize its profit? dollars

John Mason operates a consulting business, Mason Enterprises, as a sole proprietorship. He had to transfer $100,000 of stocks and securities into Mason Enterprises’s name to show financial viability for the business. During the current year, the business had the following income and expenses from operations: Consulting revenue $125,000 Travel expenses 40,000 Transportation 3,000 Advertising 7,000 Office expense 3,000 Telephone 1,000 Dividend income 5,000 Interest income 2,000 Charitable contribution 1,000 Political contribution 6,000 Determine the Schedule C net income. How are items not included in the Schedule C net income reported?

Question 9 2 pts

The experience rate can also be

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Question 10 2 pts

The composite rate is comprised of ______ different premiums.

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Question 11 2 pts

The required report to L&I must be submitted...

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Question 12 1 pts

When applying the 160 hour rule employers deduct for vacation, sick or holiday hours.

On Jan. first, 2018, Snuff Company accepts 60000 non-interest bearing note from a customer for the sale of goods. The note is to be paid in 3 equal installments every Dec. 31st (first payment on Dec. 31, 2018). An assumed interest rate of 10% is implied. Round installment payments to the nearest dollar.

pt 1: Determine the PV of the note. Show all computations or calculator imputs.

pt 2: Prepare an amortization table in Excell to show the revenue recognized each year

pt 3: Prepare the journal entries for the dates listed below.

jan 1, 2018

Dec 31,2018

Dec 31, 2019

Question 3: (CLO 4 and 5)   

The adjusted trial balance of Miracle Company contained the following information:

                                                                                               Debit                       Credit   

Sales                                                                                                                $1,420,000

Interest Revenue                                                                                                    100,000

Sales Returns and Allowances                                                 $40,000                             

Sales Discounts                                                                         14,000                              

Cost of Goods Sold                                                                 872,000                              

Freight-out                                                                                  4,000                              

Advertising Expense                                                                 30,000                              

Interest Expense                                                                        36,000                              

Store Salaries Expense                                                             110,000                              

Utilities Expense                                                                       56,000                              

Depreciation Expense                                                                14,000                              

Dividends                                                                                 50,000

Instructions:

1. Use the above information to prepare an income statement for the year ended December 31, 2019.
2. Prepare the closing entries for Miracle Company at December 31, 2019.