Your company sold goods costing $ 900 on credit on may 5, with credit terms of 2/10, n/30. on may 8, you gave $200 credit to the buyer for damaged goods returned. using periodic inventory system, what journal entries will you pass in your books on may 14, to record the cash received for the balance due within the discount period?

Suppose portugal has 700 workers and 26,000 units of capital, and france has 18,000 workers and 700 units of capital. technology is identical in both countries. assume that wine is the capital-intensive good and cloth is the labor-intensive good. which of the following statements is correct if the nations start trading with each other? a) wages will increase in portugal.b) rental rates in france will increase.c) wages in france will decrease.d) rental rates in portugal will increase.