Sandhill Corporation uses a periodic inventory system and the gross method of accounting for purchase discounts. (a) On July 1, (1) Sandhill purchased $33,000 of inventory, terms 1/10, n/30, FOB shipping point. (2) Sandhill paid freight costs of $1,105. (b) On July 3, Sandhill returned damaged goods and received credit of $3,300. (c) On July 10, Sandhill paid for the good

During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above

Which statement best describes entrepreneurship aitmakes people very rich b it relies on large financial investments c it is only possible in the retail industry d it requires creativity and ambition

To travelers know what to expect researchers collect the prices of commodities