Barton health services provided care to a patient worth $1,200. because the patient was over the age of 65, barton granted the patient a 20% discount and the customer paid the correct amount in cash. how would barton record the service transaction?
a. cash 960
service revenue 960
b. cash 960
trade discount 240
service revenue 1,200
c. cash 1,200
service revenue 1,200
d. cash 1,200
trade discount 240
service revenue 960

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.