On June 10, Blossom Company purchased $6,000 of merchandise from Sunland Company, terms 2/10, n/30. Blossom Company pays the freight costs of $350 on June 11. Goods totaling $200 are returned to Sunland Company for credit on June 12. On June 19, Blossom Company pays Sunland Company in full, less the purchase discount. Both companies use a perpetual inventory system.

Required:

1. Prepare separate entries for each transaction on the books of Blossom Company.

2. Prepare separate entries for each transaction for Sunland Company. The merchandise purchased by Blossom Company on June 10 cost Sunland Company $ 2,000, and the goods returned cost Sunland Company $ 200.

What preforms the best over the long term? a) bonds b) mutual funds c) stocks d) certificate of deposit

Gwen, a manager at exude apparels inc., received a message from a customer requesting a replacement for a purchased pair of shoes. exude apparels has a clearly stated no-return policy. gwen responded to the customer denying the request in a tactful and clear manner. despite this, the customer submitted a second request. in this scenario, which of the following is an appropriate response to the second request?

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)