You are an assistant manager at a small consulting firm. You ask one of the employees that works for you to drop off a package at the post office after work on Tuesday. The post office is right on his way home, but it is very out of the way for you. The package is especially important, and it must arrive at its destination by the following day: Wednesday, at noon. The package has a document that will be discussed at an important meeting with business partners that will only be in town for one day. Although you will not be at the meeting, your manager and the CEO will be in attendance and both of them have entrusted you with making sure that the package arrives.

You find out on Wednesday afternoon that the package never arrived. You are responsible for the mistake.

What do you do?

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is: