During 2014, which was the first year of operations, oswald company had merchandise purchases of $985,000 before cash discounts. all purchases were made on terms of 2/10, n/30. three-fourths of the items purchased were paid for within 10 days of purchase. all of the goods available had been sold at year end. which of the following recording procedures would result in the highest cost of goods sold for 2014? 1) recording purchases at gross amounts2) recording purchases at net amounts, with the amount of discounts not taken shown under "other expenses" in the income statementa. 1b. 2c. either 1 or 2 will result in the same cost of goods sold. d. cannot be determined from the information provided.

What is an example of a good stock to buy in a recession? a) cyclical stock b) defensive stock c) income stock d) bond

2. the language of price controls consider the market for rental cars. suppose that, in a competitive market without government regulations, the equilibrium price of rental cars is $58 per day, and employees at car rental companies earn $19.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect there are many teenagers who would like to work at car rental companies, but the minimum-wage law sets the hourly wage at $23.00. the government has instituted a legal minimum price of $87 per day for rental cars. the government prohibits car rental companies from renting out rental cars for more than $87 per day.

The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?