Jubilee, Inc., owns 40 percent of JPW Company and applies the equity method. During the current year, Jubilee buys inventory costing $109,200 and then sells it to JPW for $182,000. At the end of the year, JPW still holds only $26,700 of merchandise. What amount of gross profit must Jubilee defer in reporting this investment using the equity method

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively