Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. the journal entry to record the sale would include aa-debit to cash for $5,000b-debit to sales discounts for $100c-credit to sales for $4,900d-debit to accounts receivable for $4,880

Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow

Atrough in the business cycle occurs when