If merchandise costing $3,500, terms FOB destination, 2/10, n/30, with prepaid freight costs of $125, is paid within 10 days, the amount of the purchases discount is $70
Indicate whether the statement is true or false
True
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Which of the following can induce a firm to expand into the international arena?
A) Consumer preferences in the domestic market vary widely. B) Average income level of domestic consumers is high. C) The firm operates in an industry that caters to the mass market. D) The firm finds that the domestic market is almost saturated. E) The firm is yet to achieve economies of scale even though the domestic market has potential.
A. What is a discharge by agreement of the parties? List and summarize the situations where a contract is discharged by such an agreement. b. What is a discharge by operation of law? Name situations where a contract is discharged by operation of law
NOW accounts offer an option to traditional demand deposits. All of the following are characteristics of NOW accounts except one. Which is it?
A) You must generally maintain high minimum balances. B) There is a monthly fee associated with them. C) The interest rate is generally higher than other savings accounts. D) The interest rate is generally lower than other cash management alternatives.
Under recent statutes, the articles of incorporation must contain all of the following except the: ______
A) name of the corporation. B) name and address of each incorporator. C) purpose for which the corporation is organized. D) number of shares the corporation is authorized to issue.