The money that remains after paying for taxes and necessities is referred to as ________.
A. gross income
B. household income
C. discretionary income
D. net income
E. disposable income
Answer: C
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Kendall Corp. purchased at par value, $160,000 of Barker Company's 7% bonds that mature in 10 months. The bonds pay interest semiannually on June 1 and December 1. Kendall plans to hold the bonds until they mature. The journal entry to record Kendall's purchase of the bonds is:
A. debit Debt Investments-HTM $160,000; credit Cash, $160,000. B. debit Cash, $160,000; credit Short-Term Investments-HTM $160,000. C. debit Cash, $169,333; credit, Short-Term Investments-HTM $169,333. D. debit Cash, $160,000; credit Long-Term Investments-HTM $160,000. E. debit Long-Term Investments-HTM $160,000; credit Cash $160,000.
Indirect expenses may benefit more than one department
Indicate whether the statement is true or false
Phil believes that the dealership should lower car prices to capture a higher share of the market. Competing on price will most likely work with which of the following car buyers?
A) a high-involvement buyer who values quality and durability B) a high-involvement buyer who is willing to research features and performance extensively C) a low-involvement buyer who has a tight budget D) a low-involvement buyer who is unwilling to purchase online E) a low-involvement buyer who asks an employee to make the buying decision
There are three major court systems in the U.S
Indicate whether the statement is true or false