Exercise 8.15 recording a sale made on account, with a sales discount. lo 8-7 on april 1, moloney meat distributors sold merchandise on account to fronke’s franks for $3,630 on invoice 1001, terms 1/10, n/30. the cost of merchandise sold was $2,260. payment was received in full from fronke’s franks, less discount, on april 10. record the transactions for moloney meat distributors on april 1 and april 10. the company uses the perpetual inventory system.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answercontrol is returned to method c;

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.