Stacy Company enters into a contract with Molly Company on February 5th. The contract requires Stacy to deliver 100 units of Product A and 250 units of Product B to Molly by September 1st. Stacy is entitled to payment for Product A after 125 units of Product B have been delivered. The following deliveries are made by Stacy to Molly:
• On March 15th, Stacy delivers 100 units of Product A.
• On May 21st, Stacy delivers 100 units of Product B.
• On August 1st, Stacy delivers an additional 150 units of Product B.
The amount related to Product A to be reported on Stacy’s March 31st balance sheet, June 30th balance sheet, and September 30th balance sheet, respectively, should be presented as a:
A. Contract Asset with conditional rights; Contract Asset with unconditional rights; Accounts Receivable.
B. Accounts Receivable with unconditional rights; Contract Asset with unconditional rights; Contract Asset.
C. Contract Asset with conditional rights; Contract Asset with conditional rights; Accounts Receivable.
D. Contract Liability; Contract Asset with conditional rights; Accounts Receivable.

Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)