On july 22, peter sold $15,500 of inventory items on credit with the terms 2/15, net 30. payment on $10,000 sales was received on august 1 and the remaining payment was received on august 12. assuming peter uses the gross method of accounting for sales discounts, which one of the following entries was made on august 1 to record the cash received? a. cash 9,800sales discount 200accounts receivable 10,000b. cash 10,000accounts receivable 10,000c. cash 9,800accounts receivable 9,800d. accounts receivable 200sales discount forfeited 200

The simple interest in a loan of $200 at 10 percent interest per year is

Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is:

Acompany's sales in year 1 were $300,000, year 2 were $351,000, and year 3 were $400,000. using year 2 as a base year, the sales percent for year 3 is