Journalize the entries for the following transactions: (If an amount box does not require an entry, leave it blank.) a. Sold merchandise for cash, $24,750. The cost of the goods sold was $14,850. (Record the sale first.) b. Sold merchandise on account, $8,800. The cost of the goods sold was $5,280. (Record the sale first.) c. Sold merchandise to customers who used MasterCard and VISA, $104,710. The cost of the goods sold was $62,830. (Record the sale first.) d. Sold merchandise to customers who used American Express, $37,690. The cost of the goods sold was $22,610. (Record the sale first.) e. Received and paid an invoice from National Clearing House Credit Co. for $7,670, representing a service fee paid for processing MasterCard, VISA, and American Express sales.

Which of the following statements accurately describes how costs and benefits are calculated?

Acompetitive market in healthcare would a. overprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers b. underprovide healthcare because it would eliminate medicare and medicaid c. underprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers d. overprovide healthcare because it would be similar to the approach used in canada

Asmall town wants to build some new recreational facilities. the proposed facilities include a swimming pool, recreation center, basketball court and baseball field. the town council wants to provide the facilities which will be used by the most people, but they face budget and land limitations. the town has $400,000 and 14 acres of land. the pool requires locker facilities which would be in the recreation center, so if the swimming pool is built the recreation center must also be built. also, the council has only enough flat land to build the basketball court or the baseball field. the daily usage and cost of the facilities (in $1,000) are shown below. which facilities should they build? facilityusagecost ($1,000)landswimming pool4001002recreation center5002003basketball court3001504baseball field2001005