Record the journal entry or entries for each of the following sales transactions. a. Glow Industries sells 280 strobe lights at $50 per light to a customer on May 9.
b. The cost to Glow is $23 per light. The terms of the sale are 5/15, n/40, invoice dated May 9.
c. On May 13, the customer discovers 60 of the lights are the wrong color and are granted an allowance of $10 per light for the error.
d. On May 21, the customer pays for the lights, less the allowance. Assume the gross method and a periodic inventory system is used.

Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.

You hold a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. the portfolio's beta is 1.12. you plan to sell a stock with b = 0.90 and use the proceeds to buy a new stock with b = 1.50. what will the portfolio's new beta be? do not round your intermediate calculations.