Waterway Industries uses the gross method to record sales made on credit. On June 10, 2020, it sold goods worth $246000 with terms 3/10, n/30 to Carla Vista Co. On June 19, 2020, Waterway received payment for 1/2 of the amount due from Carla Vista Co. Waterways fiscal year end is on June 30, 2020. What amount will be reported in the financial statements for the accounts receivable due from Carla Vista Co.

The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer: