Santa fe retailing purchased merchandise "as is" (with no returns) from mesa wholesalers with credit terms of 3/10, n/60
and an invoice price of $24,000. the merchandise had cost mesa $16,000. assume that both buyer and seller use a
perpetual inventory system and the gross method.
1. prepare entries that the buyer records for the (a) purchase, (b) cash payment within the discount period, and (c) cash
payment after the discount period.
2. prepare entries that the seller records for the (a) sale, (b) cash collection within the discount period, and (c) cash
collection after the discount period.

What is the equity method balance in the investment in lindman account at the end of 2018?

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%