The following transactions are july activities of bennett’s bowling, inc., which operates several bowling centers, offering customers lanes for games and merchandise for sale. bennett’s provided to customers bowling merchandise inventory costing bennett’s $680. (consider only the effect on cost of goods sold [expense] here.) bennett’s paid $500 on the electricity bill for june (recorded as an expense in june). bennett’s paid $3,600 to employees for work in july. bennett’s purchased $1,500 in insurance for coverage from august 1 to november 1. bennett’s paid $700 to plumbers for repairing a broken pipe in the restrooms. bennett’s received the july electricity bill for $900 to be paid in august. if expenses are not recognized in july, choose 'none' for the account affected. if expense is to be recognized in july, indicate the expense account title and amount.

Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

How much are you willing to pay for a zero that matures in 10 years, has a face value of $1,000 and your required rate of return is 7%? round to the nearest cent. do not include a dollar sign in your answer. (i.e. if your answer is $432.51, then type 432.51 without $ sign)