Purchases Transactions Barans Company purchased merchandise on account from Springhill Company for $13,500, terms 2/10, n/30. Barans returned merchandise with an invoice
amount of $3,400 and received full credit.
a. If Barans Company pays the invoice within the discount period, what is the amount of cash required for the payment? If required, round the answer to the
nearest dollar
b. What account is debited by Barans Company to record the return?
Accounts Payable-Springhill Company

If a bond is issued at a premium the effective interest rate is most likely

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.