On September 10 of the current year, Magic Carpet, Inc. sold carpeting to a customer for $[A] with credit terms [B]/10, n/30. Magic Carpet uses the gross method for reporting sales discounts.  On September 18, the customer pays Magic Carpet the correct amount owed.  What amount, if any, will Magic Carpet debit the Sales Discount account when recording the September 18 payment?

Icee Company started the year a beginning inventory balance of  $[A]. This balance was based on a physical count that failed to realize that $[B] of inventory was being held on consignment by Frosty Inc. Icee uses a perpetual inventory system.During the year, Icee purchased $[C] of inventory on account with credit terms of [D]/10, n/30. No discounts were taken. Purchases were all made f.o.b. shipping point, with freight charges of $[E] paid by the vendor. Iceee returned inventory with an invoice amount of $[F]  for credit. How much would cost available for sale be, assuming Icee uses the gross method to record purchase discounts? Enter whole dollar amounts, using commas but not dollar signs.

For its first year of operations, MINI Company reported the following pretax data:Net Sales[B]Cost of goods available for sale2,500Operating expenses880Effective tax rate[C]%Ending inventories: If LIFO is elected[A]If FIFO is elected1,060

Briefly compare and contrast the income statement and balance sheet approaches to estimating bad debt expense, identifying the pros and cons of each method. Then, state the primary objective of the allowance method, and based on this objective indicate which approach, if either, is superior.

In 1-2 paragraphs, discuss the most important historical event/era that defines Western Civilization.  What makes it so impactful?  Is there a secondary event that could also be as important?  What peoples do you credit with being the most impactful on Western Civilization?

Answer 5 of the following terms:

Give a definition and an example of a negative role of a System Administrator.

Give an example of one task that a System Administrator would perform in the Physical phase of the proper disposal process of a machine.

What is the definition of a full backup? What is an advantage of a full backup and a disadvantage of a full backup?

Briefly describe the service type of Primary Applications with BackOffice Services expected by users in an organization. Provide an example of such a Primary Application with BackOffice Service including the primary characteristic of this example that classifies it as a Primary Application with BackOffice Service.