During 2016, hardy merchandising company purchased $19,000 of inventory on account. hardy sold inventory on account that cost $14,300 for $21,400. cash payments on accounts payable were $11,900. there was $19,000 cash collected from accounts receivable. hardy also paid $3,900 cash for operating expenses. assume that hardy started the accounting period with $22,500 in both cash and common stock.

required
a.
identify the events described in the preceding paragraph and record them in a horizontal statements model. the first event is recorded as an example. (in the cash flow column, use the initials "oa" for operating activities, "fa" for financing activities, "nc" for net change in cash and "na" for not affect. enter any decreases to account balances with a minus sign.)

cash+acct rec+inv=acct pay. +common stock+retained earnings

$22,500 $22,500 na

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