Journalize the following transactions for armour inc. using both the periodic inventory system and the perpetual inventory system, presented in a side-by-side format shown at the end of this exercise. oct.7 sold merchandise on credit to rondo distributors, terms n/30, fob destination, $1,200; the cost of the merchandise was $720.oct. 8 purchased merchandise, $10,000, terms fob shipping point, 2/15, n/30, with prepaid freight charges of $525 added to the invoice.

Match each feature with the savings account type

Awell-written business plan can improve your chances of getting funding and give you more free time. improved logistics. greater negotiating power.

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.