The relative proportions of debt, equity, and other securities that a firm has outstanding constitute its ________
A) capital structure
B) dividend expense
C) retained earnings
D) paid out capital
Answer: A
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On September 12, Vander Company sold merchandise in the amount of $3950.00 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $2725.00. Vander uses the periodic inventory system and the gross method of accounting for sales. On September 14, Jepson returns some of the merchandise. The selling price of the merchandise is $340 and the cost of the merchandise returned is $240. Jepson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Vander makes on September 18 is:
A.
| Cash | 3877.80? | |
| Accounts receivable | 3877.80? |
B.
| Cash | 3877.80? | |
| Sales discounts | 72.20? | |
| Accounts receivable | 3950.00? |
C.
| Cash | 3950.00? | |
| Accounts receivable | 3950.00? |
D.
| Cash | 3537.80? | |
| Sales discounts | 72.20? | |
| Accounts receivable | 3610.00? |
E.
| Cash | 2725.00? | |
| Accounts receivable | 2725.00? |
The opening scenario in Chapter 1, which details the activities of ISIS or ISIL, proves that ________
A) public relations is a strategic communication process that builds mutually beneficial relationships between organizations and their publics B) public relations has become one of society's most potent forces across the globe C) public relations can be used for the advancement of a global society D) not all organizations know how to use public relations effectively
All of the following are ERP benefits except?
a. Enhanced decision making b. Reduced logistics cost c. Staffing reduction d. Cycle time increase
Richard Manufacturing Co. manufactures a product and licenses retail dealers to sell that
product to the public. Richard does not sell to the public. This type of franchise is called a(n): A) Chain-style franchise. B) Area franchise. C) Agency franchise. D) Processing plant franchise. E) Distributorship franchise.