Record the journal entry or entries for each of the following sales transactions. a. Glow Industries sells 280 strobe lights at $50 per light to a customer on May 9.
b. The cost to Glow is $23 per light. The terms of the sale are 5/15, n/40, invoice dated May 9.
c. On May 13, the customer discovers 60 of the lights are the wrong color and are granted an allowance of $10 per light for the error.
d. On May 21, the customer pays for the lights, less the allowance. Assume the gross method and a periodic inventory system is used.

Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.

Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?