Jo's market makes a credit sale for $1,000 with terms of 2/10,n/30. the cost of the merchandise is $400. the required journal entry to record the sale and cost of the sale is: debit accounts receivable $1,000 and credit sales 1,000 debit accounts receivable $1,000; credit sales $1,000; debit cost of goods sold $400; and credit merchandise inventory $400 debit accounts payable $1,000; and credit sales $1,000 debit accounts receivable $600; credit sales $600; debit cost of goods sold $400; and credit merchandise inventory $400

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups.b. we cannot infer anything from these data since the distribution of salaries is likely right skewed.c. you cannot draw any valid conclusions because the sample sizes are different.d. more students should complete internships because having an internship produces a higher salary.

Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled: