Journalize the following merchandise transactions: a. Sold merchandise on account, $18,150 with terms 2/10, n/30. The cost of the goods sold was $10,890. Sale Accounts Receivable 17,787 Sales 17,787 Cost Cost of Goods Sold 10,890 Inventory 10,890 b. Received payment less the discount. Cash 17,787 Accounts Receivable 17,787 c. Refunded $360 to customer for defective merchandise that was not returned.

You are opening a new store and must project in your business plan the amount of inventory shrinkage. you have forecasted $1,200,000 in sales for the first year. assuming your shrinkage will be 5%, the high end of the national average, calculate the projected annual shrinkage for your business plan. you are opening a new store and must project in your business plan the amount of inventory shrinkage. you have forecasted $1,200,000 in sales for the first year. assuming your shrinkage will be 5%, the high end of the national average, calculate the projected annual shrinkage for your business plan.

Arecession is defined as a period in which

What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories