Please provide a short, one paragraph analysis any concerns you have about David in the following situation David, a purchasing agent for Acme Industries, received two tickets from a supplier, Beta Corp., to the upcoming USC v UCLA football game. David routinely authorizes purchases from suppliers including Beta Corp. These tickets sell for over $500 each. What problems, if any, do you see with this?

The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.

Investors who put their own money into a startup are known as a. mannequins b. obligators c. angels d. borrowers

Activity-based costing (abc) is not truly a cost collection mechanism as much as it is an inventory valuation method. the main purpose for implementing an activity-based cost system is to try to overcome some of the cost distortions that occur in traditional costing from product differences when there are variations in size and complexity. however, one of the disadvantages of utilizing abc is that the additional information gathering necessary to implement costing with that level of detail might be beyond the reach of some companies with resource or financial constraints. with this in mind, what kinds of industries or companies do you think would benefit most from using activity-based costing and why? in designing or modifying an accounting system to capture appropriate costs for abc, what considerations do you think would need to be made?