Answer:
The answer is given below;
Explanation:
Inventory Dr.$5,240
Accounts Payable-Ivanhole Cr.$5,240
Accounts Payable-Ivanhole Dr.$640
Inventory Cr.$640
The scrap value given is irrelevant as the metlock will set off the account payable of ivanhole as the goods are returned to him.
Answer:
c. $1.0 million for Lopes and by $1.5 million for HomeMax.
Explanation:
If Lopes and HomeMax both wants to maximize their profits they should choose a strategy which is beneficial for both of them. If both choose to increase the size of store and parking lot this will bring them maximum returns according to the matrix. They will be Nash equilibrium state which is a stable state.