You and a fellow investor are investigating the possibility of starting a new casino in los angeles. it has been your lifelong dream. you have won a lottery and are trying to decide if this is what you want to do with your prize money. you decide to do an analysis of the competitive environment. after your analysis, you discover several important issues. first, it will cost most of your lottery winnings to finance a casino in los angeles. second, it will be difficult to attract new customers because they have so many choices available to them in los angeles and the surrounding small towns. finally, the competition in the casino industry is considered "fierce" by industry analysts, and this is frightening to someone who has never worked in the casino industry.

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Providing a great shopping experience to customers is one of the important objectives of purple fashions inc., a clothing store. to achieve this objective, the company has a team of committed customer service professionals whose job is to ensure that customers get exactly what they want. this scenario illustrates that purple fashions is trying to achieve