This information relates to Metlock Co.
1. On April 5, purchased merchandise from Ivanhoe Company for $26,300, terms 2/10, n/30.
2. On April 6, paid freight costs of $640 on merchandise purchased from Ivanhoe.
3. On April 7, purchased equipment on account for $33,500.
4. On April 8, returned $3,700 of April 5 merchandise to Ivanhoe Company.
5. On April 15, paid the amount due to Ivanhoe Company in full.
Required:
a. Prepare the journal entries to record the transactions listed above on Metlock Co.âs books. Metlock Co. uses a perpetual inventory system.

Karen is working on classifying all her company’s products in terms of whether they have strong or weak market share and whether this share is in a slow or growing market. what type of strategic framework is she using?

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld

Alarge tank is filled to capacity with 500 gallons of pure water. brine containing 2 pounds of salt per gallon is pumped into the tank at a rate of 5 gal/min. the well-mixed solution is pumped out at the same rate. find the number a(t) of pounds of salt in the tank at time t.