Willy and buck forsythe are brothers who often engage in shady business deals and regularly swindle honest people out of their money. willy and buck have de- cided to take their business to a new level. there is a small hardware store in town with a good reputation for honesty and friendly service. with the large amounts of money they have accumulated from other schemes, willy and buck decide to buy the hardware store. they make the owner an offer he can’t refuse, and they are soon in the hardware business. as new managers of the store, willy and buck make some changes. they begin to order bigger ship- ments from suppliers, paying them off promptly, using money acquired through loans. they sell off a lot of these shipments at cost to their unruly friend, billy the kid. as orders get larger and payments re- main prompt, the suppliers are willing to extend more and more credit to the hardware store. also, because it appears that business is good, the bank is willing to lend more money. things are going just as planned for our crooked friends, willy and buck. just as they had planned to do all along, when they have a lot of money on loan fromthe bank and have just sold huge amounts of inventory to billy that they had purchased on credit, they file for bankruptcy. the suppliers and the bank are perplexed. upon investigation, they find that willy and buck have neither the money to pay them back nor the inventory to liquidate in order to pay them. willy and buck have suc- cessfully "sold" their inventory or hidden their cash in other bank accounts, so it appears they don’t have the means to pay back their creditors. what kind of scheme are willy and buck involved in, and how could the bank and the suppliers have detected it sooner?

Gino's restaurant is a popular restaurant in boston, massachusetts. the owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. the intern, in consultation with the owner, identified the following major activities: activity cost pool activity measure serving a party of diners number of parties served serving a diner number of diners served serving drinks number of drinks ordered some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. other costs, such as washing plates and glasses, depends on the number of diners served or the number of drinks served. data concerning these activities are shown below. serving a party serving a dinner serving drinks total total cost $47,600 $153,000 $59,800 $260,400 total activity 7,000 parties 30,000 diners 46,000 drinks prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. she knew that the total cost for the month was $260,400 and that 30,000 diners had been served. therefore, the average cost per diner was $8.68.required: 1. compute the activity rates for each of the three activities 2. according to the activity-based costing system, what is the total cost of serving each of the following parties of diners? a. a party of four diners who ordered three drinks in total b. a party of two diners who do not order any drinks c. a lone diner who orders two drinks 3. convert the total costs you computed in part (1) above to costs per diner. in other words, what is the average cost per diner for serving each of the following parties: a. a party of four diners who order three drinks in total b. a party of two diner who do not order any drinks c. a lone diner who orders two drinks 4. why do the costs per diner for the three different parties differ from each other and from the overall average coast of $9.80 per diner?

What is the equity method balance in the investment in lindman account at the end of 2018?

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.