The ole factory, inc. sells scented beauty products and personal care items. it is currently offering a promotion in conjunction with the launch of its new consulting business: customers can purchase a deluxe beauty kit for $500, which is the normal retail price for this item, plus get one month's free access to an online beauty consultant, which normally costs $40. the free access requires that the customer agree to default auto-renewal, cancellable at any time, with the ole factory estimating that the auto-renewal option and the appeal of the service will result in customers, on average, opting for 6 months of paid access to the online beauty consultant after the expiration of the free access. for each deluxe beauty kit sold as part of this promotion, how much revenue and deferred revenue should the ole factory recognize at the time of sale and how should it be allocated

The government often provides goods that are nonrivalrous and nonexclusive to overcome which market failure

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery