In 2018 the nfl football team, the carolina panthers, have an owner accused of sexual harassment. the fans’ demand for team jerseys has dropped with the scandal this year. at about the same time the cost to manufacture the jerseys in china increased by 20%. describe what the new equilibrium price and quantity is like compared with the prior year’s panthers’ jersey market before the scandal and increased manufacturing costs? supply and demand curves have shifted to the left and the equilibrium price and quantity for panthers’ jersey market has decreased since 2017. the demand curve shifted to the right, the supply curve shifted to the left, the equilibrium price and quantity increased from 2017. supply and demand curves have shifted to the left and the equilibrium quantity has decreased from 2017 but it is impossible to determine the effect on the equilibrium price.

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.

Upon completion of the northwest-corner rule, which source-destination cell is guaranteed to be occupied? a. top-leftb. the cell with the lowest shipping costc. bottom-leftd. top-righte. bottom-right

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