Each one of two ice cream stores charges its own price for an ice cream cone: either $2, $4, or $6. It is expected that 6000 ice cream cones per month are purchased by tourists who choose one of the two ice cream stands at random, and 4000 ice cream cones per month are purchased by natives who choose the stand with the lowest price and split evenly in case both stands offer the same price. The costs of obtaining and serving an ice cream cone can be ignored. Draw on Nash equilibria and Pareto optimal strategies to justify what each ice cream store should charge.

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.

Which of the following is least likely to a team solve problems together