Five dollar stores (fds) sells merchandise for cash. it began 2021 with a refund liability of $0, made sales of $1,000,000 during 2021 which cost fds $600,000 (or 60%), estimates that 1% of all sales will be returned, and experiences $8,000 of returns during 2021. when accruing its estimate of remaining returns at the end of 2021, fds would debit sales returns and credit the refund liability for:

The new york stock exchange is an example of what type of stock market?

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

What two things do you consider when evaluating the time value of money