An adjusted trial balance is given below. Debit Credit
Cash $12,600
Accounts Receivable 2,400
Prepaid Rent 800
Merchandise Inventory 28,000
Accounts Payable $4,200
Salaries Payable 1,000
Notes Payable 800
Smith, Capital 13,800
Smith, Withdrawals 1,000
Sales Revenue 96,000
Sales Returns and Allowances 1,600
Sales Discounts 400
Cost of Goods Sold 25,000
Salaries Expense 21,000
Rent Expense 14,000
Selling Expense 8,500
Supplies Expense      500                 
Total $115,800 $115,800
What will be the final balance in the Smith, Capital account after recording the closing entries?
A. $24,000
B. $37,800
C. $36,800
D. $12,700

What factors excluding price affect demand

Ajax corp's sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. what was the firm's times-interest-earned (tie) ratio? a. 4.72b. 4.97c. 5.23d. 5.51e. 5.80

1. consider a two-firm industry. firm 1 (the incumbent) chooses a level of output qı. firm 2 (the potential entrant) observes qı and then chooses its level of output q2. the demand for the product is p 100 q, where q is the total output sold by the two firms which equals qi +q2. assume that the marginal cost of each firm is zero. a) find the subgame perfect equilibrium levels of qi and q2 keeping in mind that firm 1 chooses qi first and firm 2 observes qi and chooses its q2. find the profits of the two firms-n1 and t2- in the subgame perfect equilibrium. how do these numbers differ from the cournot equilibrium? b) for what level of qi would firm 2 be deterred from entering? would a rational firm 1 have an incentive to choose this level of qi? which entry condition does this market have: blockaded, deterred, or accommodated? now suppose that firm 2 has to incur a fixed cost of entry, f> 0. c) for what values of f will entry be blockaded? d) find out the entry deterring level of q, denoted by q1', a expression for firm l's profit, when entry is deterred, as a function of f. for what values of f would firm 1 use an entry deterring strategy?