1. On April 5, purchased merchandise from DeVito company for $18,000, terms 2/10,net/30,FOB shipping point. 2. On April 6, paid freight costs of $ 820 on merchandise purchased from DeVito company 3. On April 7, purchased equipment on account for $30,000 4. On April 8, returned some of April 5 merchandise, which cost $2,800 to DeVito company 5. Om April 15, paid the amount due to DeVito company in full Instructions A) Prepare the journal entries to record these transactions on the books of Olaf co. using a periodic inventory system. B) Assume that Olaf Co. paid the balance due to DeVito Company on May 4, instead of April15. Prepare the journal entry to record this payment

Boone brothers remodels homes and replaces windows. ace builders constructs new homes. if boone brothers considers expanding into new home construction, it should evaluate the expansion project using which one of the following as the required return for the project?

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.

Suppose the government enacts a stimulus program composed of $600 billion of new government spending and $300 billion of tax cuts for an economy currently producing a gdp of $14 comma 000 billion. if all of the new spending occurs in the current year and the government expenditure multiplier is 1.5, the expenditure portion of the stimulus package will add nothing percentage points of extra growth to the economy. (round your response to two decimal places.)