Sticky Co. sold merchandise on August 5 at a $1,000 invoice price, net $980, with terms of 2/10,n/30 and received cash payment on August 14, within the discount period. Determine its entry to record this sale and the subsequent receipt of cash under both the gross method and the net method by matching the action on the left with the method on the right. (Assume a perpetual inventory system.)

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?