Prepare journal entries to record the tjuly 12 sold merchandise to wally butler, who paid the $1,000 purchase with cash. the goods cost evergreen company $600. 15 sold merchandise to claudio’s chair company at a selling price of $5,000 on terms 3/10, n/30. the goods cost evergreen company $3,500. 16 sold merchandise to otto’s ottomans at a selling price of $3,000 on terms 3/10, n/30. the goods cost evergreen company $1,900. 23 received cash from claudio’s chair company for the amount due from july 15. 31 received cash from otto’s ottomans for the amount due from july 16.ransactions, assuming evergreen company records discounts using the net method in a perpetual inventory system. forfeited discounts are recorded as other revenue

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do

Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.

What is used by accountant to analyze transactions ?