The basf chemical company in germany has developed a new rubberized coating. the product has an application for cell phones and other hand-held electronic devices that gives them protection from falls and scratches. basf plans to market the product directly to businesses that manufacture the casings for these types of products. basf currently uses a system of salespeople headquartered in germany, while its primary business customers are in china. refer to scenario 19.2. basf has decided to offer discounts to its businesses customers in the form of the following: for each order of $100,000 or more during the next 90 days, the buyer will receive a rebate of 5 percent. this type of pricing would be an example of discounts.

He moto hotel opened for business on may 1, 2017. here is its trial balance before adjustment on may 31. moto hotel trial balance may 31, 2017 debit credit cash $ 2,283 supplies 2,600 prepaid insurance 1,800 land 14,783 buildings 72,400 equipment 16,800 accounts payable $ 4,483 unearned rent revenue 3,300 mortgage payable 38,400 common stock 59,783 rent revenue 9,000 salaries and wages expense 3,000 utilities expense 800 advertising expense 500 $114,966 $114,966 other data: 1. insurance expires at the rate of $360 per month. 2. a count of supplies shows $1,050 of unused supplies on may 31. 3. (a) annual depreciation is $2,760 on the building. (b) annual depreciation is $2,160 on equipment. 4. the mortgage interest rate is 5%. (the mortgage was taken out on may 1.) 5. unearned rent of $2,580 has been earned. 6. salaries of $810 are accrued and unpaid at may 31