On december 1, macy company sold merchandise with a selling price of $9,000 on account to mrs. jorgensen, with terms 4/10, n/30. on december 3, mrs. jorgensen returned merchandise with a selling price of $700. mrs. jorgensen paid the amount due on december 9. what journal entry did macy company prepare on december 9 assuming the gross method is used?
a) debit cash for $7,968 and credit accounts receivable for $7,968.
b) debit sales revenue for $7,968, debit sales discounts for $332, and credit accounts receivable for $8,300.
c) debit sales revenue for $8,300, credit sales discount for $332 and credit cash for $7,968.
d) debit cash for $7,968, debit sales discounts for $332, and credit accounts receivable for $8,300.

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

8. problems and applications q8there are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the following costs: consumers' willingness to payyvette: $35cho: $15sean: $45bob: $25firms' costsfirm a: $40firm b: $20firm c: $10firm d: $30each firm has the capacity to produce only one haircut.for should be given.which businesses should cut hair? check all that apply.firm afirm bfirm cfirm dwhich consumers should have their hair cut? check all that apply.bobchoseanyvettethe maximum possible total surplus is

Asap! the following information is given for tripp company which uses the indirect method.