For each separate case, record the necessary adjusting entry. on july 1, lopez company paid $1,200 for six months of insurance coverage. no adjustments have been made to the prepaid insurance account, and it is now december 31. zim company has a supplies account balance of $5,000 at the beginning of the year. during the year, it purchased $2,000 of supplies. as of december 31, a physical count of supplies shows $800 of supplies available. prepare the year-end adjusting entries to reflect expiration of the insurance and correctly report the balance of the supplies account and the supplies expense account as of december 31.

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

Technology corp. is considering a $238,160 investment in a new marketing campaign that it anticipates will provide annual cash flows of $52,000 for the next five years. the firm has a 6% cost of capital. what should the analysis indicate to the firm's managers?

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is