Sales-related transactions after the amount due on a sale of $23,900, terms 1/10, n/eom, is received from a customer within the discount period, the seller consents to the return of the entire shipment for a cash refund. the cost of the merchandise returned was $14,340.
a. what is the amount of the refund owed to the customer? b. journalize the entries made by the seller to record (a) the refund and (b) the return of merchandise.

Carlton industries is considering a new project that they plan to price at $74.00 per unit. the variable costs are estimated at $39.22 per unit and total fixed costs are estimated at $12,085. the initial investment required is $8,000 and the project has an estimated life of 4 years. the firm requires a return of 8 percent. ignore the effect of taxes. what is the degree of operating leverage at the financial break-even level of output?