During the 2008 recession the demand for ice cream went down, the demand for shampoo stayed the same, and the demand for beer increased. The increase in the demand for beer caused the price of beer to increase. The increase in the price of beer caused the demand for wine to decrease and the demand for soda to increase. Based on this information, match each product or pair of products to the term that best describes the product or the relationship between the 2 products. - A. B. C. D. E.
Ice Cream
- A. B. C. D. E.
Shampoo
- A. B. C. D. E.
Beer
- A. B. C. D. E.
Beer and Wine
- A. B. C. D. E.
Cheese and Wine
A. Inferior
B. Neutral
C. Normal
D. Substitutes
E. Complements

You are president of a large corporation. at a typical monthly meeting, each of your vice presidents gives standard area reports. in the past, these reports have been good, and the vps seem satisfied about their work. based on situational approach to leadership, which leadership style should you exhibit at the next meeting?

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?

An outside supplier has offered to sell talbot similar wheels for $1.25 per wheel. if the wheels are purchased from the outside supplier, $15,000 of annual fixed overhead could be avoided and the facilities now being used could be rented to another company for $45,000 per year. direct labor is a variable cost. if talbot chooses to buy the wheel from the outside supplier, then annual net operating income would: