During december, the company completed the following summary transactions. dec. 6 paid $1,950 for salaries and wages due employees, of which $850 is for december and $1,100 is for november salaries and wages payable. 8 received $2,000 cash from customers in payment of account (no discount allowed). 10 sold merchandise for cash $6,300. the cost of the merchandise sold was $4,000. 13 purchased merchandise on account from maglio co. $9,100, terms 2/10, n/30. 15 purchased supplies for cash $1,700. 18 sold merchandise on account $12,900, terms 3/10, n/30. the cost of the merchandise sold was $8,000. 20 paid salaries and wages $1,900. 23 paid maglio co. in full, less discount. 27 received collections in full, less discounts, from customers billed on december 18.a. journalize the december transactions using a perpetual inventory system.

Throne technical university is looking for three people to work in its plant-biology laboratory. the hiring manager is finding that the most suitable job candidates live in other countries and are not willing to move to the city where the university is located. which situation is the university facing? a. lack of flexible workforce b. surpluses in labor talent c. an appearance of quota systems d. deficits in minimum wage demands

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

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