Myers and company sold $1,800 of merchandise on account to oscar, inc. on march 1 with credit terms of 2/10, n/30. oscar returned $500 of the merchandise due to poor quality on march 3. if oscar pays for the purchase on march 11, what entry does myers make to record receipt of the payment?

entry field with correct answer

cash 1,800

sales discount 36

accounts receivable 1,764

cash 1,764

accounts receivable 1,764

cash 1,800

sales returns and allowances 500

accounts receivable 1,300

cash 1,274

sales discount 26

accounts receivable 1,300

What is the purpose of taking a personality inventory assessment? a. to find out what personality traits you should acquire for a successful career b. to identify your personality traits and relate them to a suitable career c. to compare your personality traits with those of successful people in different careers d. to identify aspects of your personality that you can improve with the of a counselor

Match the given situations to the type of risks that a business may face while taking credit. 1. beta ltd. had taken a loan from a bank for a period of 15 years, but its sales are gradually showing a decline. 2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any research before making this decision. 3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession. 4. delphi ltd. has taken a short-term loan from the bank, but its supply chain logistics are not in place. a. foreign exchange risk b. operational risk c. term of loan risk d. revenue projections risk

You decide to invest in a portfolio consisting of 25 percent stock a, 25 percent stock b, and the remainder in stock c. based on the following information, what is the expected return of your portfolio? state of economy probability of state return if state occurs of economy stock a stock b stock c recession .16 - 16.4 % - 2.7 % - 21.6 % normal .55 12.6 % 7.3 % 15.9 % boom .29 26.2 % 14.6 % 30.5 %