In the Pandora case, a higher ad-load leads listeners to reduce their ad-supported listening time. Some listeners leave, some listen less, and some become subscribers. But we lack some numbers on the magnitudes of these effects. So, assume that at the status quo, a 5% increase in ad-load does not change ad-revenue.  True/False: Increasing ad-load by 5% will increase profits.

You developed a new drug, TheLorax, and you will be the monopolist in the market. Developing the drug cost $844.3 million over the past 6 years. You expect that if you price at $300 you can sell 10,000 units per year and if you price at $100 you can sell about 31,000 units per year. Your marginal cost of production is $0.88. You face a constant elasticity demand curve where the price elasticity of demand is -1.03. 1. What price should you set (round to nearest dollar)? 2. Do you wish to enter?

UBER Technologies earned $900 million of pretax accounting income for the year 2024. For the same period, UBER reported taxable income of $765 million. The company’s income tax rate is 25%. What is Income Tax Payable for the year 2024 (rounded, in millions)?    

If the carrying value of bonds decreases over the life of the bonds, the bonds were issued

The indirect method: I.  Arrives at the same amounts for net cash flows as the direct method. II.  Is used by companies in actual practice about equally compared to the direct method III.  Adjusts Net Income to determine net cash flows from operations IV. Presents individual cash inflows and cash outflows for operating activities                                                                                                                         Choose all statements that are true:

How can you politely say, “I’m sorry, I am actually not in the office right now.”

Manners (30 points)

For the following questions about family terms, consider the following scenario: ‘You are talking with your boss about your family and your boss’s family.’ Choose the correct word that matches each context:

Situation: You decided to do a little sightseeing in Tokyo and get lost in the subway station. You are alone and discover that your cell phone is out of battery. Write out a dialogue you may have with a helpful person in which you go through the problem solving steps to recognize the problem, explain the problem, negotiate a solution, and conclude the encounter, in Japanese. 

Describe (to a new acquaintance) the garden shown in this picture with as much detail as possible so someone hearing your descriptions could picture this garden (more or less). You should have at least 5 descriptive sentences in Japanese and be as accurate as possible in the language used.