Issued 56,000 shares of non-par common stock in exchange for $560,000 in cash. Purchased equipment at a cost of $92,000. $23,000 cash was paid and a notes payable to the seller was signed for the balance owed. Purchased inventory on account at a cost of $170,000. The company uses the perpetual inventory system. Credit sales for the month totaled $250,000. The cost of the goods sold was $150,000. Paid $7,500 in rent on the warehouse building for the month of March. Paid $7,750 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021. Paid $150,000 on account for the merchandise purchased in 3. Collected $112,500 from customers on account. Recorded depreciation expense of $2,300 for the month on the equipment.

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer