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Problem 1: Define a price taker and explain, using numerical example, why the average revenue and marginal revenue are equal to the price that the firm charges.
Problem 2: Graphically represent normal profit and explain why making normal profit is a requirement for any firm who wishes to remain in business in the long run.
Problem 3: Why does the share market closely reflects a perfectly competitive market?
Problem 4: Why is a perfectly competitive market structure very unlikely to exist in the real world?
Problem 5: Frank owns a Café and for the last 2 months his total revenue was not sufficient to cover his average total cost resulting in an economic lost. What are Frank's options in the short run to minimise his loss. NOTE: There are two options available to him.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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