Transactions for buyer and seller

shore co. sold merchandise to blue star co. on account, $112,000, terms fob shipping point, 2/10, n/30. the cost of the merchandise sold is $67,200. shore co. paid freight of $1,800.

journalize shore co.'s entry for the sale, purchase, and payment of amount due.

accounts receivable-blue star co.

sales

cost of merchandise sold

merchandise inventory

common stock

cash

cash

accounts receivable-blue star co.

Abc company currently pays a dividend of $2.15 per share, d0=2.15. it is estimated that the company’s dividend will grow at a rate of 30 percent per year for the next 3 years, then the dividend will grow at a constant rate of 7 percent thereafter. the market rate of return is 9 percent. what would you estimate is the stock’s current price?

An outside manufacturer has offered to produce 60,000 daks and ship them directly to andretti's customers. if andretti company accepts this offer, the facilities that it uses to produce daks would be idle; however, fixed manufacturing overhead costs would be reduced by 75%. because the outside manufacturer would pay for all shipping costs, the variable selling expenses would be only two-thirds of their present amount. what is andretti's avoidable cost per unit that it should compare to the price quoted by the outside manufacturer?

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.