Kinkaid co. is incorporated at the beginning of this year and engages in a number of transactions. the following journal entries impacted its stockholders’ equity during its first year of operations. general journaldebitcredita. cash280,000 common stock, $25 par value235,000 paid-in capital in excess of par value, common stock45,000b. organization expenses160,000 common stock, $25 par value126,000 paid-in capital in excess of par value, common stock34,000c. cash43,500 accounts receivable15,500 building82,100 notes payable59,600 common stock, $25 par value51,500 paid-in capital in excess of par value, common stock30,000d. cash133,000 common stock, $25 par value77,000 paid-in capital in excess of par value, common stock56,000

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