The payoff matrix below represents hypothetical profits that could be earned by two milk sellers who have formed a cartel. each seller must decide if they want to cheat or not to cheat on the production quotas in the cartel agreement. use the payoff matrix to answer the questions below. does either member have an incentive to cheat? heifer's gold will cheat, but milky moo will not. no, neither has an incentive to cheat, yes, both will cheat. milky moo's will cheat, but heifer's gold will not. how does cheating impact the cartel members? cheating all the cartel members by increasing their profits. cheating does not impact the other members. cheating hurts the members who do not cheat by decreasing their profits.

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.

At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?