Emerald co. uses a perpetual inventory system and records purchases of merchandise at net cost. the company recently purchased 200 compact discs at an invoice price of $6,000 and terms of 2/10, n/30. half of these discs had been mislabeled and were returned immediately to the supplier. the journal entry to record payment of this invoice after the discount period has expired will include a

Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49

Ronald sees that his employer's stock has grown from $20 a share to $60 a share this year, while most stocks have seen only 5% growth. his employer offers to let him convert a large portion of his salary into stock options. what is not a valid reason to turn down the stock offer? a)stocks with high returns have high volatility, and ronald's company may not grow further. b)ronald may be taxed more for capital gains than he would be for employment income. c)stock options are illiquid, and ronald may not be able to use them to pay for unexpected bills. d)ronald would be committing stock fraud if he exercises the options.

In what way does congress participate in checks and balances as a lawmaking authority? it raises taxes.it meets regularly with the supreme court.