Handy hiking produces backpacks. in 2007, its highest and lowest production levels occurred in july and january, respectively. in july, it produced 4,000 backpacks at a total cost of $110,000. in january, it produced 2,500 backpacks at a total cost of $87,500. using the high/low method, the average variable cost of producing a backpack was:

The capital balances, prior to the liquidation of the benjamin, gaynor, megan partnership, were as follows: benjamin, capital $100,000gaynor, capital $120,000megan, capital $175,000benjamin, gaynor, and megan share profits and losses in the ratio of 25%, 40%, 35%. as a result of a loan, the partnership owes gaynor $80,000. using the information above, which partner has the highest loss absorption power (lap) prior to liquidation? a. gaynorb. meganc. benjamind. both gaynor and megan have the same lap