Journalize the following transactions for armour inc. using both the periodic inventory system and the perpetual inventory system, presented in a side-by-side format shown at the end of this exercise. oct.7 sold merchandise on credit to rondo distributors, terms n/30, fob destination, $1,200; the cost of the merchandise was $720.oct. 8 purchased merchandise, $10,000, terms fob shipping point, 2/15, n/30, with prepaid freight charges of $525 added to the invoice.

Aminor has the legal right to repudiate

When you hire an independent contractor you don't have to pay the contractors what

You are bearish on telecom and decide to sell short 100 shares at the current market price of $50 per share. a. how much in cash or securities must you put into your brokerage account if the broker’s initial margin requirement is 50% of the value of the short position? b. how high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position? (input the amount as a positive value. round your answer to 2 decimal places.)