After the amount due on a sale of $28,000, terms 2/10, n/eom, is received from a customer within the discount period, the seller consents to the return of the entire shipment. the cost of the merchandise returned was $ 16,800.
what is the amount of the refund owed to the customer? $
journalize the entries made by the seller to record (a) the refund and ( b) the return of merchandise.
a. sales returned and allowances sales discounts cash
b. merchandise inventory cost of merchandise sold

You wish to retire in 13 years, at which time you want to have accumulated enough money to receive an annual annuity of $23,000 for 18 years after retirement. during the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money. what annual contributions to the retirement fund will allow you to receive the $23,000 annuity? use appendix c and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods.