On May 10, 2020, Tamarisk Co. enters into a contract to deliver a product to Greig Inc. on June 15, 2020. Greig agrees to pay the full contract price of $1,840 on July 15, 2020. The cost of the goods is $1,080. Tamarisk delivers the product to Greig on June 15, 2020, and receives payment on July 15, 2020. Prepare the journal entries for Tamarisk related to this contract. Either party may terminate the contract without compensation until one of the parties performs.

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.