John’s specialty store uses a perpetual inventory system. the following are some inventory transactions for the month of may:
(1) john’s purchased merchandise on account for $6,100. freight charges of $850 were paid in cash.
(2) john’s returned some of the merchandise purchased in (1). the cost of the merchandise was $1,150 and john’s account was credited by the supplier.
(3) merchandise costing $3,350 was sold for $6,300 in cash.

prepare the necessary journal entries to record these transactions.

Ben collins plans to buy a house for $166,000. if the real estate in his area is expected to increase in value by 2 percent each year, what will its approximate value be five years from now?

The company is experiencing an increase in competition, and at the same time they are building more production facilities in southeast asia. in this scenario, the top management team is most likely to multiple choice increase the cost of their products. restructure to reflect a more bureaucratic, stable organization. pull decision-making responsibility from low-level management, taking it on themselves. give lower-level managers the authority to make decisions to benefit the firm. rid themselves of all buffering product.

Miami incorporated estimates that its retained earnings break point (bpre) is $21 million, and its wacc is 13.40 percent if common equity comes from retained earnings. however, if the company issues new stock to raise new common equity, it estimates that its wacc will rise to 13.88 percent. the company is considering the following investment projects: project size irr a $4 million 14.00% b 5 million 15.10 c 4 million 16.20 d 6 million 14.20 e 1 million 13.42 f 6 million 13.75 what is the firm's optimal capital budget?