Problem 2 (9 points) ABC Company had the following transactions during the year. Assume that perpetual inventory system is used.

5 Jan 2021 Purchased a merchandise on account from XYZ for $77,000, terms FOB destination, 3/10, n/30

22 Feb 2021 Sold merchandise for cash $46,000 to DOF. The cost of the merchandise sold was $31,000

13 March 2021 Purchased inventory on account from KMG for $32,000, terms FOB shipping point 1/15, n/30 with prepaid freight of $600

1 April 2021 Returned $17,000 of merchandise purchased on 5 Jan 2021 receiving full credit

3 May 2021 Received 25% of sales from DOF

1 June 2021 Paid $15,000 to KMG

7 July Paid VISA service fees of $2,570

Requirement: Journalize each transaction

While studying for the engineering economy final exam, you and two friends find yourselves craving a fresh pizza. you can't spare the time to pick up the pizza and must have it delivered. "pick-up-sticks" offers a 1-1/4-inch-thick (including toppings), 20-inch square pizza with your choice of two toppings for $15 plus 5% sales tax and a $1.50 delivery charge (no sales tax on delivery charge). "fred's" offers the round, deep-dish sasquatch, which is 20 inches in diameter. it is 1-3/4 inches thick, includes two toppings, and costs $17.25 plus 5% sales tax and free delivery. 1. what is the problem in this situation? state it in an explicit and precise manner. 2. systematically apply the seven principles of engineering economy (pp. 3-6) to the problem you have defined in part (a). 3. assuming that your common unit of measure is dollars (i.e., cost), what is the better value for getting a pizza based on the criterion of minimizing cost per unit of volume? 4. what other criteria might be used to select which pizza to purchase?

Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x,y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.

Atrough in the business cycle occurs when