Pierce Company sold merchandise to Stanton Company on account FOB shipping point, 2/10, net 30, for $9,900. Pierce prepaid the $294 shipping charge. Which of the following entries does Pierce make to record this sale? a. Accounts Receivable—Stanton, debit $9,900; Sales, credit $9,900 b. Accounts Receivable—Stanton, debit $9,702; Sales, credit $9,702, and Accounts Receivable—Stanton, debit $294; Cash, credit $294 c. Accounts Receivable—Stanton, debit $9,900; Sales, credit $9,900, and Delivery Expense, debit $294; Cash, credit $294 d. Accounts Receivable—Stanton, debit $10,194; Sales, credit $10,194

Match the items with the actions necessary to reconcile the bank statement.(there's not just one answer)1. interest credited in bank account2. fee charged by bank for returned check3. checks issued but not deposited4. deposits yet to be crediteda. add to bank statementb. deduct from bank statementc. add to personal statementd. deduct from personal statement

Gus needs to purée his soup while it's still in the pot. what is the best tool for him to use? a. potato masher b. immersion blender c. rotary mixer d. whisk

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%