During 2018 belair company was encountering financial difficulties and seemed likely to default on a $600,000, 10%, four-year note dated january 1, 2016, payable to second bank. interest was last paid on december 31, 2017. on december 31, 2018, second bank accepted $500,000 in settlement of the note. ignoring income taxes, what amount should belair report as a gain from the debt restructuring in its 2018 income statement?

Suppose life expectancy in years (l) is a function of two inputs, health expenditures (h) and nutrition expenditures (n) in hundreds of dollars per year. the production function is upper l equals ch superscript 0.40 baseline upper n superscript 0.60l=ch0.40n0.60. beginning with c = 1, a health input of $400400 per year (hequals=44) and a nutrition input of $400400 per year (nequals=44), show that the marginal product of health expenditures and the marginal product of nutrition expenditures are both decreasing. the marginal product of health expenditures when h goes from 44 to 55 is nothing, and the marginal product of health when h goes from 66 to 77 is nothing. (round your answers to three decimal places.)