On january 1, 2016, halstead, inc., purchased 75,000 shares of sedgwick company common stock for $1,480,000, giving halstead 25 percent ownership and the ability to apply significant influence over sedgwick. any excess of cost over book value acquired was attributed solely to goodwill. sedgwick reports net income and dividends as follows. these amounts are assumed to have occurred evenly throughout these years. dividends are declared and paid in the same period. net income annual cash dividends (paid quarterly) 2016 $340,000 $120,000 2017 480,000 140,000 2018 600,000 160,000 on july 1, 2018, halstead sells 12,000 shares of this investment for $25 per share, thus reducing its interest from 25 to 21 percent, but maintaining its significant influence. determine the amounts that would appear on halstead's 2018 income statement relating to its ownership and partial sale of its investment in sedgwick's common stock.

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Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.

Refer to the payoff matrix. suppose that speedy bike and power bike are the only two bicycle manufacturing firms serving the market. both can choose large or small advertising budgets. is there a nash equilibrium solution to this game?