Darlington company entered into the following business events during its first month of operations. the company uses the perpetual inventory system.

1) the company purchased $12,500 of merchandise on account under terms 3/10, n/30.
2) the company returned $2000 of merchandise to the supplier before payment was made.
3) the liability was paid within the discount period.
4) all of the merchandise purchased was sold for $19,000 cash.
what effect will the return of merchandise to the supplier in event (2) have on darlington's financial statements?

a. assets and stockholders' equity decrease by $2000.
b. none.
c. it is an asset exchange transaction.
d. assets and liabilities decrease by $1940.
e. assets and liabilities decrease by $2000.

The largest elements of community corrections are

Suppose life expectancy in years (l) is a function of two inputs, health expenditures (h) and nutrition expenditures (n) in hundreds of dollars per year. the production function is upper l equals ch superscript 0.40 baseline upper n superscript 0.60l=ch0.40n0.60. beginning with c = 1, a health input of $400400 per year (hequals=44) and a nutrition input of $400400 per year (nequals=44), show that the marginal product of health expenditures and the marginal product of nutrition expenditures are both decreasing. the marginal product of health expenditures when h goes from 44 to 55 is nothing, and the marginal product of health when h goes from 66 to 77 is nothing. (round your answers to three decimal places.)

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold. mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)