On september 12, ryan company sold merchandise in the amount of $5,800 to johnson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. johnson uses the periodic inventory system of accounting for purchases. johnson pays the invoice on september 18, and takes the appropriate discount

the journal entry that johnson makes on september 18 is

(a) 5,684 purchases, cash 5,684
(b) 4,000 accounts payable, merchandise inventory 80, cash 3,920
(c) 5,800 accounts payable, purchases discounts 116, cash 5,684
(d) 5,684 accounts payable, cash 5,684
(e) 5,684 cash, 116 purchases discounts, accounts payable 5,800

Refer to the payoff matrix. suppose that speedy bike and power bike are the only two bicycle manufacturing firms serving the market. both can choose large or small advertising budgets. is there a nash equilibrium solution to this game?

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400

Increases in output and increases in the inflation rate have been linked to