Landon Jewelers uses the perpetual inventory system. On April 2, Landon sold merchandise with a cost of $ 3 comma 500 for $ 7 comma 000 to a customer on account with terms of 1/15, n/30. The journal entry to record the cost of goods sold would be:

A. Merchandise Inventory - 2,500, Cost of Goods Sold - 2,500

B. Cost of Goods - 2,500, Accounts Receivable - 2,500

C. Cost of Goods Sold - 2,500, Merchandise Inventory - 2,500

D. Sales Revenue - 2,500, Cost of Goods Sold - 2,500

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.

As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage