Ruddy is a retail company specializing in men’s hats. its budget director prepared the list of expected operating expenses that follows. all items are paid when incurred except sales commissions and utilities, which are paid in the month following their incurrence. july is the first month of operations, so there are no beginning account balances. july august september salary expense $ 17,300 $ 17,300 $ 17,300 sales commissions (4 percent of sales) 3,400 3,400 3,400 supplies expense 310 340 370 utilities 2,400 2,400 2,400 depreciation on store equipment 3,500 3,500 3,500 rent 7,300 7,300 7,300 miscellaneous 600 600 600 total s& a expenses before interest $ 34,810 $ 34,840 $ 34,870a. prepare a schedule of cash payments for selling and administrative expenses for july, august, septembersalary expensesales commissionsupplies on store payments for s& a expensesb. determine the amount of utilities payable as of september 30.utilities payable = ? c. determine the amount of sales commissions payable as of september 30.sales commissions payable = ?

Why is the cournot equilibrium an​ equilibrium? a. there are​ short-run barriers to exit in a cournot​ duopoly, so both firms cannot alter their output levels. b. given the other​ firm's level of​ production, both firms are maximizing profits and cannot improve their situation by unilaterally altering their level of output. c. both firms operate at zero profit under a cournot​ equilibrium, so they would face negative profits if they change output. d. both firms operate at minimum​ long-run average cost under a cournot​ equilibrium, so changes to output would reduce​ long-run profits. even if they​ can't collude, why​ don't firms set their outputs at the joint​ profit-maximizing levels​ (i.e., the levels they would have chosen had they​ colluded)? a. given that other firm produces at the collusive​ level, a firm could increase their own profits by increasing output above the collusive level. b. the midpoint of the collusion curve​ (i.e., the collusive​ outcome) lies below the reaction​ curves, so both firms have an incentive to increase output under the cournot duopoly. c. both a and b are correct d. both a and b are incorrect