Station Land Manufacturing acquired a 30% interest in the outstanding stock of Performer Fiberglass Industries on December 31, 2018. The purchase price was $3,100,000 and amounted to 100,000 shares. During 2019, Performer Industries paid just one dividend on June 30th of $1.65 per share. For yearend December 31, 2019, Performer Industries reported net income of $2,780,600. Its stock price on December 31, 2019 was $38 per share. Required
Prepare all journal entries required by Station Land Manufacturing for the time period starting with December 31, 2018 and through the next year ending December 31, 2019.
a. Assuming, they "cannot" exercise significant control, and the securities are reported as "available for sale".
b. Assuming, they "can" exercise significant control.
c. Under each of the methods used to account for the investment in Performer Industries on the previous page, what would be the amount reported on Station Land’s Balance Sheet related to the investment at December 31, 2019? In addition, what would be the total income reported on their Income Statement for the year ended 2019?
1) "Cannot" Exercise Significant Control
Balance Sheet Income Statement
2) "Can" Exercise Significant Control
Balance Sheet Income Statement

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?

Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.