During december, the company completed the following summary transactions. dec. 6 paid $1,950 for salaries and wages due employees, of which $850 is for december and $1,100 is for november salaries and wages payable. 8 received $2,000 cash from customers in payment of account (no discount allowed). 10 sold merchandise for cash $6,300. the cost of the merchandise sold was $4,000. 13 purchased merchandise on account from maglio co. $9,100, terms 2/10, n/30. 15 purchased supplies for cash $1,700. 18 sold merchandise on account $12,900, terms 3/10, n/30. the cost of the merchandise sold was $8,000. 20 paid salaries and wages $1,900. 23 paid maglio co. in full, less discount. 27 received collections in full, less discounts, from customers billed on december 18.a. journalize the december transactions using a perpetual inventory system.

Stocks a, b, and c are similar in some respects: each has an expected return of 10% and a standard deviation of 25%. stocks a and b have returns that are independent of one another; i.e., their correlation coefficient, r, equals zero. stocks a and c have returns that are negatively correlated with one another; i.e., r is less than 0. portfolio ab is a portfolio with half of its money invested in stock a and half in stock b. portfolio ac is a portfolio with half of its money invested in stock a and half invested in stock c. which of the following statements is correct? a. portfolio ab has a standard deviation that is greater than 25%.b. portfolio ac has an expected return that is less than 10%.c. portfolio ac has a standard deviation that is less than 25%.d. portfolio ab has a standard deviation that is equal to 25%.e. portfolio ac has an expected return that is greater than 25%.

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?

Joe pays ann to mow his lawn and ann mows vanna's lawn by mistake. vanna peers out her window and sees ann mowing, yet says nothing to ann about her mistake since vanna needs to have her lawn mowed. when ann approaches vanna for payment, vanna refuses, arguing that she never asked ann to mow her lawn. under these circumstances, ann can recover payment from vanna under: