The following items were among those that were reported on lee co.’s income statement for the year ended december 31, year 1: legal and audit fees $170,000 rent for office space 240,000 interest on inventory floor plan 210,000 loss on abandoned data processing equipment used in operations 35,000 the office space is used equally by lee’s sales and accounting departments. what amount of the above-listed items should be classified as general and administrative expenses in lee’s multiple-step income statement?

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer