(a) On July 1, Blue Spruce Co. sold merchandise on account to Waegelein Inc. for $17,300, terms 2/10, n/30. (b) On July 8, Waegelein Inc. returned merchandise worth $4,000 to Blue Spruce Co. (c) On July 11, Waegelein Inc. paid for the merchandise. Account Titles and Explanation Debit Credit (a) enter an account title Accounts Receivable enter a debit amount 17300 enter a credit amount enter an account title Sales Revenue enter a debit amount enter a credit amount 17300 (b) enter an account title Sales Returns and Allowances enter a debit amount 4000 enter a credit amount enter an account title Accounts Receivable enter a debit amount enter a credit amount 4000 (c) enter an account title Cash enter a debit amount enter a credit amount enter an account title Sales Discounts enter a debit amount enter a credit amount enter an account title Accounts Receivable enter a debit amount enter a credit amount

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.