Using the data in the supply and demand schedule, create demand and supply curves for Bond's Gym on the following graph. Be sure to use textboxes to label the supply curve as S and the
demand curve as D. (10 points)
2. Is the demand curve shallow or steep? What does this mean about the elasticity of the demand
for memberships? (5 points)
3. Is the supply curve shallow or steep? What does this mean about the elasticity of supply for

The following legal claims exist for m. finger co. identify the accounting treatment for each claim as either (a) a liability that is recorded or (b) an item described in notes to its financial statements. 1. m. finger (defendant) estimates that a pending lawsuit could result in damages of $1,250,000; it is reasonably possible that the plaintiff will win the case. an item described in notes to its financial statements. a liability that is recorded. 2. m. finger faces a probable loss on a pending lawsuit; the amount is not reasonably estimable. a liability that is recorded. an item described in notes to its financial statements. 3. m. finger estimates damages in a case at $3,500,000 with a high probability of losing the case. an item described in notes to its financial statements. a liability that is recorded. the amount that m. finger co. should record in its accounting records related to these suits is: