Journalize the following transactions for the seller, hall company, using the gross method to account for sales discounts. assume a perpetual inventory system. make sure to enter the day for each separate transaction. august 6 sold goods costing $6,000 to johnson company on account, $10,000, terms 4/10, n/30. the goods are sold fob shipping point, freight prepaid by seller, $50. august 12 johnson company returned damaged merchandise previously purchased on account, $1,200. august 16 received the amount due from johnson company. note: the entry to record the shipping payment to the delivery company is not required in this problem.

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)

Why is following an unrelated diversification strategy especially advantageous in an emerging economy? a. it allows the conglomerate to overcome institutional weaknesses in emerging economies. b. it allows the conglomerate to form a monopoly in emerging economies. c. it allows the conglomerate to use well-defined legal systems in emerging economies. d. it allows the conglomerate to take advantage of strong capital markets in emerging economies.