Individuals, corporations, and governments can be either savings deficit units or savings surplus
units.
Indicate whether the statement is true or false
TRUE
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Jasper makes a $25,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the collection of the note and interest at maturity should be: (Use 360 days a year.)
A. Debit Cash for $25,000; credit Notes Receivable $25,000. B. Debit Cash $26,750; credit Interest Revenue $1,750, credit Notes Receivable $25,000. C. Debit Cash $25,437.50; credit Notes Receivable for $25,437.50. D. Debit Cash $25,437.50; credit Interest Revenue $437.50; credit Notes Receivable $25,000. E. Debit Notes Payable $25,000; Debit Interest Expense $1,750; credit Cash $26,750.
Maytag has been called "the Rolls-Royce of washers and dryers," and it can be said that it has achieved a competitive advantage by means of differentiation
Indicate whether the statement is true or false
Competitive distribution structures cannot differ in the same market
Indicate whether the statement is true or false
The fact that a buyer may have to pay for goods before inspecting them does not deprive the buyer of remedies against the seller if the goods do not conform to the contract.
Answer the following statement true (T) or false (F)