Reporting Net Sales after Sales Discounts and Sales Returns [LO 6-4] The following transactions were selected from among those completed by Bear’s Retail Store:
Nov. 20 Sold two items of merchandise to Cheryl Jahn, who paid the $400 (total)
sales price in cash. The goods cost Bear’s $300.
25 Sold 20 items of merchandise to Vasko Athletics at a selling price of
$4,000 (total); terms 3/10, n/30. The goods cost Bear’s $2,500.
28 Sold 10 identical items of merchandise to Nancy’s Gym at a selling price
of $6,000 (total); terms 3/10, n/30. The goods cost Bear’s $4,000.
29 Nancy’s Gym returned one of the items purchased on the 28th. The item
was in perfect condition and credit was given to the customer.
Dec. 6 Nancy’s Gym paid the account balance in full.
30 Vasko Athletics paid in full for the invoice of November 25.
Required:
Compute the net sales revenue to be reported over the two months.

Mr. smith recently faced a choice between being (a) an economics profes-sor, which pays $60,000/yr, or (b) a safari leader, which pays $50,000/yr. after careful deliberation, smith took the safari job, but it was a close call. "for a dollar more," he said, "i'd have gone the other way."now smith's brother-in-law approaches him with a business proposition. the terms are as follows: - smith must resign his safari job to work full-time in his brother-in-law's business.- smith must give his brother-in-law an interest-free loan of $100,000, which will be repaid in full if and when smith leaves the business. (smith currently has much more than $100,000 in the the business will pay smith a salary of $70,000/yr. he will receive no other payment from the business.the interest rate is 10 percent per year. apart from salary considerations, smith feels that working in the business would be just as enjoyable as being an economics professor. for simplicity, assume there is no uncertainty regarding either smith's salary in the proposed business or the security of his monetary investment in it. should smith join his brother-in-law and, if so, how small would smith's salary from the business have to be to make it not worthwhile for him to join? if not, how large would smith's salary from the business have to be to make it worthwhile for him to join?

Which are the best examples of costs that should be considered when creating a project budget?

Which of the following statements regarding the southern economy at the end of the nineteenth century is accurate? the south was producing as much cotton as it had before the civil war.