The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Date Transaction Number of Units Per Unit Total
Apr. 3 Inventory 78 $450 $35,100
8 Purchase 156 540 84,240
11 Sale 104 1,500 156,000
30 Sale 65 1,500 97,500
May 8 Purchase 130 600 78,000
10 Sale 78 1,500 117,000
19 Sale 39 1,500 58,500
28 Purchase 130 660 85,800
June 5 Sale 78 1,575 122,850
16 Sale 104 1,575 163,800
21 Purchase 234 720 168,480
28 Sale 117 1,575 184,275

Required:
Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest.extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of

12. to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill.

When immigration adds to the size of the domestic labor pool, which of the following is likely to occur? a. wages decrease. b. productivity increases. c. consumption decreases. d. minimum wage increases.