Two different companies, Vogel and Hatcher, entered into the following inventory transactions during December. Both companies use a perpetual inventory system. December 3 – Vogel Corporation sold inventory on account to Hatcher Corp. for $489,000, terms 2/10, n/30. This inventory originally cost Vogel $306,000. December 8 – Hatcher Corp. returned inventory to Vogel Corporation for a credit of $4,800. Vogel returned this inventory to inventory at its original cost of $3,004. December 12 – Hatcher Corp. paid Vogel Corporation for the amount owed. Required: Prepare the journal entries to record these transactions on the books of Vogel Corporation. What is the amount of net sales to be reported on Vogel Corporation’s income statement? What is the Vogel Corporation’s gross profit percentage?

What is the best definition of a conclusion?

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?

Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.