Exercise 8.12 recording purchases with purchase returns and purchases discounts. lo 8-7 record the following transactions of j. min designs in a general journal. the company uses the perpetual inventory system. date transactions 2019 april 1 purchased merchandise on credit from o’rourke fabricators, invoice 885, $3,850, terms 2/10, n/30; freight of $105 prepaid by o’rourke fabricators and added to the invoice (total invoice amount, $3,955). 9 paid amount due to o’rourke fabricators for the purchase of april 1, less the 2 percent discount, check 457. 15 purchased merchandise on credit from kroll company, invoice 145, $2,100, terms 1/10, n/30; freight of $160 prepaid by kroll and added to the invoice. 17 returned damaged merchandise purchased on april 15 from kroll company; received credit memorandum 332 for $135. 24 paid the amount due to kroll company for the purchase of april 15, less the return on april 17, taking the 1 percent discount, check 470. record these transactions in a general journal. (round final answers to the nearest whole dollar value.)

Sara is a manager at a restaurant with employees from different cultural backgrounds. which action of sara could employees perceive as an act of favoritism?

Morgana company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $168,000, $315,900, an $97,200, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,100, machine hours 24,300, and number of inspections 1,800. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection

David burdick is the ceo of acme bubblegum, a successful public company. as one of the cofounders of the company, burdick has enjoyed speaking and writing about the success of acme bubblegum for several years. typically, he speaks at conferences or directly to the press, but recently, he has been blogging about his firm anonymously. specifically, he defended a recent advertising campaign that was unpopular among consumers and pointedly attacked one of acme bubblegum’s competitors. burdick deeply enjoys his anonymous blogging and believes that none of his readers actually know that he works for acme bubblegum.should burdick be allowed to praise his company’s performance anonymously online? should he be allowed to attack his competitors without disclosing his relationship with the company? how would you feel if the ceo of a company at which you shopped was secretly writing criticisms of his or her competition? how would you feel if you knew a writer for your favorite blog was actually closely involved in a company that the blog discussed? 1. define the ethical issue? 2. who are the primary stakeholders? 3. what are the possible alternatives? 4. how could you evaluate the ethical implications of the alternative actions (use appropriate decision rules)? 5. what action would you recommend and why?