Journalize the entries for the following transactions. refer to the chart of accounts for exact wording of account titles. (note: the company uses a clearinghouse to take care of all bank as well as non-bank credit cards used by its customers. ) mar. 1 sold merchandise for cash, $116,300. the cost of the merchandise sold was $72,000. 10 sold merchandise on account, $755,000. the cost of the merchandise sold was $400,000. 12 sold merchandise to customers who used mastercard and visa, $1,950,000. the cost of the merchandise sold was $1,250,000. 17 sold merchandise to customers who used american express, $330,000. the cost of the merchandise sold was $230,000. 31 paid $81,500 to national clearing house credit co. for service fees for processing mastercard, visa, and american express sales.

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

Alandowner and his neighbor purchased adjoining undeveloped lots. after both built homes on their respective lots, the landowner suggested to the neighbor that a common driveway be built where the two lots joined. the neighbor agreed. the landowner and the neighbor split the cost of constructing the driveway and entered into a written agreement to equally share the costs of its upkeep and maintenance. the agreement was recorded in the county recorder's office. two years later, the neighbor built a new driveway located entirely on his lot. the common driveway, which the landowner continued to use but which the neighbor no longer used, began to deteriorate. the landowner asked the neighbor for money to maintain the common driveway, but the neighbor refused to contribute. three years later, the neighbor conveyed his lot to a friend. the friend entered into possession and used only the driveway built by the neighbor. by this time, the common driveway had deteriorated badly and contained numerous potholes. the landowner asked the friend to pay half of what it would take to repair the common driveway. the friend refused. the landowner repaired the driveway and sued the friend for 50% of the cost of repairs. will the landowner prevail?

Salt corporation's contribution margin ratio is 78% and its fixed monthly expenses are $30,000. assume that the company's sales for may are expected to be $89,000. required: estimate the company's net operating income for may, assuming that the fixed monthly expenses do not change.