Prepare journal entries to record the following transactions for a retail store. assume a perpetual inventory system. april 2 purchased merchandise from lyon company under the following terms: $4600 price, invoice dated april 2, credit terms of 2/15, n/60, fob shipping point.3 paid $300 for shipping charges on april 2 purchase.4 returned to lyon company unacceptable merchandise that had an invoice price of $600.17 sent a check to lyon company for the april 2 purchase, net of the discount price and the returned merchandise.18 purchased merchandise from frist corp, under the following terms: $8500 price, invoice dated april18, credit terms 2/10, n/30, fob shipping destination.21 after negotiations, received from frist a $1,100 allowance on the april 18 purchase.28 sent a check to frist paying for the april 18 purchase, net of the discount and allowance.

What can be concluded from the data about the reliability and validity of the thermometers

In the supply-and-demand schedule shown above, the equilibrium price for cell phones is $25 $100 $200

Ange in supply or (ii) a movement along the supply curve. a. during a real estate boom that causes house prices to rise, more homeowners put their houses up for sale. b. many strawberry farmers open temporary roadside stands during harvest season, even though prices are usually low at that time. c. immediately after the school year begins, fewer young people are available to work. fast-food chains must raise wages, which represent the price of labor, to attract workers. d. many construction workers temporarily move to areas that have suffered hurricane damage, lured by higher wages. e. since new technologies have made it possible to build larger cruise ships (which are cheaper to run per passenger), caribbean cruise lines have offered more cabins, at lower prices, than before. 2. in the following three situations, the market is initially in equilibrium. after each event described below, does a surplus or shortage exist at the original equilibrium price? what will happen to the equilibrium price as a result? a. in 2010 there was a bumper crop of wine grapes. b. after a hurricane, florida hoteliers often find that many people cancel their upcoming vacations, leaving them with empty hotel rooms. c. after a heavy snowfall, many peop