On june 10, metlock company purchased $6,300 of merchandise from ivanhoe company, on account, terms 3/10, n/30. metlock pays the freight costs of $390 on june 11. goods totaling $300 are returned to ivanhoe for credit on june 12. on june 19, metlock company pays ivanhoe company in full, less the purchase discount. both companies use a perpetual inventory system. part a. prepare separate entries for each transaction on the books of purcey company

part b. prepare separate entries for each transaction for guyer company. the merchandise purchased by purcey on june 10 cost guyer $2,430, and the goods returned cost guyer $260.

Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.

Read the following scenario and answer the question in 5-10 sentences. you are the owner of a small business that is a defendant in a lawsuit in federal court. you received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. your lawyer tells you that it is within your legal right to hire him to file an appeal with the united states court of appeals. if the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. evaluate your lawyer’s suggestion about appealing the decision.

What should a food worker use to retrieve ice from an ice machine?