Rusty hardware makes only cash sales. it began 2021 with a credit balance of $32,000 in the refund liability account. sales during 2021 were $600,000. rusty estimates that 6% of all sales will be returned. during 2021, customers returned merchandise for credit of $28,000 to their accounts. what is the balance in the allowance for sales returns account at the end of 2021? a. $32,000. b. $39,000. c. $43,000. d. $40,000.

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

Why should managers invest any excess cash

Frugala is when sylvestor puts $2,000 into 10-year state bonds and $3,000 into 5-year aaa-rated bonds in steady hand hardware, inc. he buys the four state bonds at a 5 percent interest rate and the three steady hand bonds at a 6.5 percent rate. sylvestor also buys $1,500 worth of blue chip stocks, and $800 worth of stock in a promising new sportswear company that reinvests its earnings in new growth. 1. (a) what is the maturity for each of the bond groups sylvestor buys? (b) the coupon rate? (c) the par value?