Manning corporation uses the periodic inventory system. on april 1, manning corporation sells merchandise on account for $15,000 with terms 1/15, n/30. manning corporation had paid $6,000 to acquire the merchandise. the buyer is not satisfied with some of the merchandise and on april 7 returns merchandise with an invoice price of $1,000 to manning corporation. the merchandise returned to manning corporation had cost manning corporation $600. on april 10, the buyer pays for the merchandise it retains. how would manning corporation record the buyer’s return of merchandise on april 7?

4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms.a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.

Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:

Provide an example of open-ended credit account that caroline has. caroline blue's credit report worksheet.