Sold merchandise for cash, $248,000. Sold merchandise to R. Smith; invoice price, $10,500. Sold merchandise to K. Miller; invoice price, $24,000. Two days after purchase date, R. Smith returned one of the units purchased in (b) and received account credit. Sold merchandise to B. Sears; invoice price, $22,000. R. Smith paid his account in full within the discount period. Collected $90,000 cash from customer sales on credit in prior year, all within the discount periods. K. Miller paid the invoice in (c) within the discount period. Sold merchandise to R. Roy; invoice price, $24,500. Three days after paying the account in full, K. Miller returned seven defective units and received a cash refund. After the discount period, collected $6,000 cash on an account receivable on sales in a prior year. Wrote off a prior year account of $4,000 after deciding that the amount would never be collected. The estimated bad debt rate used by the company was 1.0 percent of credit sales net of returns.

In the rbv are defined as the tangible and intangible assets that a firm controls that it can use to conceive and implement its strategies. answers: management policies

Lo.2, 3, 9 lori, who is single, purchased 5-years class property for $200,00 and 7-years class property for $420,000 on may 20, 2018. lori experts the taxable income derived form the business (without regard to the amount expensed under ⧠179) to be about $550,000. lori has determined that she should elect immediate ⧠179 expensing in the amount of $520,000, but she doesn’t know which asset she should completely expense under ⧠179. she does not claim any available additional first-year depreciation. a. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 5-year class asset. b. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 7-year class asset. c. what is your advice for lori? d. assume that lori is in the 24% marginal tax bracket and that she uses ⧠179 on the 7-year asset. determine the present value of the tax savings from the depreciation deductions for both assets. see appendix g for present value factors, and assume a 6% discount rate. e. assume the same facts as in part (d), except that lori decides not to use ⧠179 on either asset. determine the present value of the tax savings under this choice. in addition, determine which option lori should choose. f. present your solution to parts (d) and (e) of the problem in a spreadsheet using appropriate microsoft excel formulas. e-mail your spreadsheet to your instructor with a two-paragraph summary of your findings.

In a small group, members have taken on the task roles of information giver, critic/analyzer, and recorder, and the maintenance roles of gatekeeper and follower. they need to fulfill one more role. which of the following would be most effective for their group dynamics? a dominator b coordinator c opinion seeker d harmonizer