Hurricane Octavio caused $14,500 worth of damage to a warehouse in Miami owned by Team Shirts. This loss would be reported on the income statement as part of ________

Sales and market share improvements slow down and eventually decrease no matter how much is spent on advertising and sales promotion. This phenomenon is called the _____.

Fill in the blank(s) with the appropriate word(s).

Isaac Co sells merchandise on credit to Sonar Co in the amount of $9,600. The invoice is dated on April 15 with terms of 1/15, net 45. What is the amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount?

A) $80, April 30 B) $192, April 25 C) $96, April 30 D) $96, April 25