Private investors, or angels, seek 60 to 75 percent annual return on investment, which is much higher than those of professional venture capitalists, and tend to take a 51+ percent share of the business

Ellis Company sells merchandise on account for $1,500 to Thomas Company with credit terms of 2/10, n/30. Thomas Company returns $500 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Ellis Company make upon receipt of the check?

a. Cash 1,000 .......Accounts Receivable...........1,000 b. Cash 980 Sales Returns and Allowances 520 .......Accounts Receivable...........1,500 c. Cash 980 Sales Returns and Allowances 500 Sales Discounts 20 .......Accounts Receivable...........1,500 d. Cash 1,470 Sales Discounts 30 .......Sales Returns and Allowances 500 .......Accounts Receivable...........1,000

A broker is marketing a listed property located in a predominantly Hispanic area. When advertising the property, which of the following would be permissible?

A. Advertise only in Hispanic newspaper. B. Advertise for Hispanic buyers on;y. C. Advertise the property in a local newspaper. D. Advertise that the property is located in a Hispanic neighborhood.