In a perpetual inventory system, a purchase allowance is treated as a decrease in expenses by the company that purchased the goods.
Answer the following statement true (T) or false (F)
False
A purchase allowance decreases assets (merchandise inventory) and liabilities (accounts payable). A purchase allowance does not directly affect the income statement.
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An uncertain event that if it occurs will have a positive or negative effect on the objectives of the project best defines
A) project weakness. B) project risk. C) project threat. D) project opportunity.
The contract rate of interest is the rate that borrowers are willing to pay and lenders are willing to accept for a particular bond and its risk level.
Answer the following statement true (T) or false (F)
Rita went to work for a manufacturing company. The company offers a defined-benefit pension plan
The retirement benefit is equal to 1.5 percent multiplied by years of service with the company, and the result is multiplied by average salary in the three highest consecutive years of paid employment with the company. The benefit formula used at Rita's company is a A) flat dollar amount for all employees. B) flat percentage of annual earnings. C) flat dollar amount for each year of service. D) unit-benefit formula.
An ad for Crystal Geyser bottled water shows why and how the bottler supports the reforestation of America's forests. What kind of an advertising appeal is this ad using?
A. environmental consciousness B. concern C. health D. profit E. admiration