Presented below are transactions related to tom brokaw, inc.
may 10 purchased goods billed at $16,200 subject to cash discount terms of 2/10, n/60.
11 purchased goods billed at $15,800 subject to terms of 1/15, n/30.
19 paid invoice of may 10.
24 purchased goods billed at $14,900 subject to cash discount terms of 2/10, n/30.
a) prepare general journal entries for the transactions above under the assumption that purchases are to be recorded at net amounts after cash discounts and that discounts lost are to be treated as financial expense. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. round answers to 0 decimal places, e. g. 6,578. credit account titles are automatically indented when amount is entered. do not indent manually.)
b) assuming no purchase or payment transactions other than those given above, prepare the adjusting entry required on may 31 if financial statements are to be prepared as of that date. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. round answers to 0 decimal places, e. g. 6,578. credit account titles are automatically indented when amount is entered. do not indent manually.)

Kumar consulting operates several stock investment portfolios that are used by firms for investment of pension plan assets. last year, one portfolio had a realized return of 12.6 percent and a beta coefficient of 1.15. the average t-bond rate was 7 percent and the realized rate of return on the s& p 500 was 12 percent. what was the portfolio's alpha?

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.

Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?