Joe is the owner of the 7-11 mini mart, sam is the owner of the super america mini mart, and together they are the only two gas stations in town. currently, they both charge $3 per gallon, and each earns a profit of $1,000. if joe cuts his price to $2.90 and sam continues to charge $3, then joe's profit will be $1,350, and sam's profit will be $500. similarly, if sam cuts his price to $2.90 and joe continues to charge $3, then sam's profit will be $1,350, and joe's profit will be $500.

if sam and joe both cut their price to $2.90, then they will each earn a profit of $900.

if both players choose their dominated strategy they will each and if both players choose their dominant strategy they will each

1. $900; $1,000

2. $500; $1,350

3. $900; $1,350

4. $1,000; $900

Regarding competitive strategies, advertising is used in which strategy? a. global operations b. focused differentiation c. differentiation d. low-cost leadership

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z

The following are the current month's balances for abc financial services, inc. before preparing the trial balance. accounts payable $ 10,000 revenue 6,000 cash 3,000 expenses 17,500 furniture 10,000 accounts receivable 14,000 common stock ? notes payable 6,500 what amount should be shown for common stock on the trial balance? a. $48.000b. $12.500c. $27.000d. $28.000