Mead Company uses a perpetual inventory system and engaged in the following transactions during the month of May: May 1 Made cash sales of $8,800; the cost of the inventory was $3,300.
5 Purchased $2,700 of inventory on credit.
9 Made credit sales of $3,500; the cost of the inventory sold was $1,800.
13 Paid sales salaries of $900 and office salaries of $500.
14 Paid for the May 5 purchases.
18 Purchased sales equipment costing $6,800; made a down payment of $1,600 and agreed to pay the balance in 60 days.
21 Purchased $700 of inventory for cash.
27 Sold land that had originally cost $2,000 for $3,100.

Required:
Record the preceding transactions in a general journal.

Select the correct answer. which is a benefit of planning for your future career? a.being less prepared after high school. b.having higher tuition in college. c.earning college credits in high school. d.ruining your chances of having a successful career.

Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?

Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $