Assume that an investor bought a stock today (t=0) for $105 and sold it for $140 at t=3. during the last year of his ownership the stock paid a dividend of $6. the price of the stock at t=1 was $115 and $130 at t=2. if the price of the stock had been $125 at t=2, then the geometric mean rate of return would have been

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.