1. Lael wants to summarize data for all student groups in a PivotTable. To do so, she must first update the AllGroups table. Switch to the All Groups worksheet then edit the record for the Astronomy Society to use 76 as the 2023 field value. 2. Switch to the All Groups PivotTable worksheet. Refresh the PivotTable data, then verify that the 2023 Membership value for the Astronomy Society in row 6 reflects the change you made in the previous step.
Group Name Type Activities Office 2021 2022 2023
Accounting and
Finance Forum Academic Professional None 5 6 5
Alpha Chi Omega Greek Fraternal Private 13 12 13
Alpha Phi Greek Fraternal Private 54 49 61
Alpha Phi Alpha Greek Fraternal Private 6 6 6
Arab Students
Association Cultural Educational Private 4 3 4
Astronomy Society Academic Field Private 37 51 42
Badminton Club Recreational Field None 28 36 47
Black Students
Association Cultural Educational Private 35 35 33
Broomstick Ball Recreational Field None 34 41 38
Camping and
Excursion Club Recreational Field Public 14 17 14
Chi Omega Greek Fraternal Private 27 30 36
College
Democrats Cultural Political Private 7 10 10

Jorge is a manager at starbucks. his operational plan includes achieving annual sales of $4,000,000 for his store. with only one month left to end of the fiscal year, jorge realizes that he won't reach his annual sales goal. what are his options?

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?