X-mart uses the perpetual inventory system to account for its merchandise. on june 1, it sold $7,000 of merchandise for cash. the original cost of the merchandise to x-mart was $500. demonstrate the required journal entry to record the sale and the cost of the sale by selecting all of the correct actions below.

Pursuant to the video, if the news reporter had challenged the reasonableness of her detention by the coach store, coach could have claimed the which is also known as merchant protection statutes according to the book.

Amanda rice has just arranged to purchase a $640,000 vacation home in the bahamas with a 20 percent down payment. the mortgage has a 7 percent apr compounded monthly and calls for equal monthly payments over the next 30 years. her first payment will be due one month from now. however, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of year 8. there were no other transaction costs or finance charges. how much will amanda’s balloon payment be in eight years

Why has the free enterprise system been modified to include some government intervention?