A local school is considering having a fundraising drive to renovate the science lab. The renovation will be completed only if the school collects $20,000 total from the parents. Each parent values the renovation at $500. Suppose that there are 100 parents. To try to raise the money the school holds a raffle. Parents can buy a $200 ticket (each parent can buy at most 1 ticket). The proceeds go to the school. The winner of the raffle gets season tickets to the local football team, worth $100. Suppose the school gets to keep all proceeds, regardless of what happens. If the proceeds do not sum up to $20,000, then the school uses the money for an end of year party that teachers value much less than a renovated science lab. If the proceeds do sum up to $20,000, the school renovates the lab. Required:
a. What is the Pareto efficient outcome?
b. Write down all Nash equilibria of the game among the parents.
c. What social dilemma is present in this scenario?

Concrete consulting co. has the following accounts in its ledger: cash; accounts receivable; supplies; office equipment; accounts payable; jason payne, capital; jason payne, drawing; fees earned; rent expense; advertising expense; utilities expense; miscellaneous expense. transactions oct. 1 paid rent for the month, $3,600. 3 paid advertising expense, $1,200. 5 paid cash for supplies, $750. 6 purchased office equipment on account, $8,000. 10 received cash from customers on account, $14,800. 15 paid creditors on account, $7,110. 27 paid cash for miscellaneous expenses, $400. 30 paid telephone bill (utility expense) for the month, $250. 31 fees earned and billed to customers for the month, $33,100. 31 paid electricity bill (utility expense) for the month, $1,050. 31 withdrew cash for personal use, $2,500. journalize the following selected transactions for october 2019 in a two-column journal. refer to the chart of accounts for exact wording of account titles

Diversity is an obstacle all marketers face: true false

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%