Answer:
The amount received on June 24 is $686
Explanation:
given data 
sold  account = $1,000
terms = 2/10, n/30
returns merchandise = $300
to find out 
amount of cash received on June 24
solution
we know here that payment is made within the discount period 
that is discount period  =   10 days 
so amount received will be here 
amount received = sold  account  - returns 
amount received = $1000 - $300
amount received = $700
and discount is here 
discount = 2% of amount received 
discount = 2% × $700
discount = $14 
so 
amount of cash received is = amount received - discount  
amount of cash received is = $700 - $14 
amount of cash received is $686 
 
        
             
        
        
        
Basically, the equity method is used to account the amount of an investment which is made by a company on an entity.However, this is done by an investor who contains a substantial amount of investment in the investee company.The investee records any adjustments in the other comprehensive income whereas the investor makes changes in the investment account.
        
                    
             
        
        
        
B. False. There are usually multiple choices depending on credit score and such.
        
             
        
        
        
Answer:
The answer is: A) some people win, some people lose, and there is a loss of economic efficiency.
Explanation:
When the government imposes a price ceiling, some consumers win since they buy cheaper products (lower than equilibrium price) but suppliers lose. Inf the government decides a price floor is better, then customers will lose and some suppliers will win (prices are higher than equilibrium price).
Both price ceilings and price floors cause deadweight loss, decreasing economic efficiency.