Solomon's passion is baking, and he would love to open his own pastry shop even though he knows that most new pastry shops fail in their first year of business. His retired parents have offered him their retirement savings in order to pursue his business. Solomon really wants to pursue his dream but if he takes his parents' money and the pastry shop fails, his parents will lose their retirement funds entirely. When presented with this scenario in a group, participants are likely toa. engage in a conservative shift rather than a risky shift. b. unknowingly encourage group members to engage in self-censorship. c. engage in less systematic decision making.

Lincoln company has an accounting policy for internal reporting purposes whereby the costs of any research and development projects that are over 70 percent likely to succeed are capitalized and then depreciated over a five-year period with a full year of depreciation in the year of capitalization. in the current year, $400,000 was spent on project one, and it was 55 percent likely to succeed, $600,000 was spent on project two, and it was 65 percent likely to succeed, and $900,000 was spent on project three, and it was 75 percent likely to succeed. in converting the internal financial statements to external financial statements, by how much will net income for the current year have to be reduced? a. $180,000b. $380,000c. $720,000d. $900,000

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?

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