Genovese fine foods, a manufacturer of foodstuffs, buys durham wheat flour on credit on june 1. it processes this flour to make pasta on june 6 and pays cash for the flour on june 15. on june 22 it sells the pasta to a chain of supermarkets, and on july 3 receives cash payment for this sale. what is the length of the cash cycle in this case? a. 28 days b. 18 days c. 8 days d. 12 days

Juniper company uses a perpetual inventory system and the gross method of accounting for purchases. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 26, it paid the full amount due. the correct journal entry to record the merchandise return on august 11 is:

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.