Acompany general ledger shows a checking account balance of $22,810 on july 31, year 1. the july cash receipts of $1,725, included in the general ledger balance, are placed in the night depository at the bank on july 31 and processed by the bank on august 1. the bank statement dated july 31 shows bank service fees of $39. the bank processes all checks written by the company by july 31 and lists them on the bank statement, except for one check totaling $1,300. the bank statement shows a balance of $22,346 on july 31. required: 1. prepare a bank reconciliation to calculate the correct ending balance of cash on july 31, year 1. (amounts to be deducted should be indicated with a minus sign.)

Will you use single-entry bookkeeping or double-entry bookkeeping? explain why.

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

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?