Under the net method, when a company uses a perpetual inventory system, an invoice for $2,000 with terms of 2/10, n/30 should be recorded with a debit to Merchandise Inventory and a credit to Accounts Payable of $1,960.
Answer the following statement true (T) or false (F)
True
$2,000 × 0.98 = $1,960
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Answer the following statement true (T) or false (F)
You and your co-workers are struggling to learn a new software program at work, and you are on a tight deadline to get a report to a major client when your boss decides to step in. Which of the following uses of power by your boss would run counter to the common goals at work?
A. sharing new guidelines he just received from the software engineers B. offering to take the team to dinner when the report is complete C. sitting with your team and troubleshooting the program alongside you D. announcing that anyone who is not proficient by Friday will be replaced
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Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. Business leaders should only consider profits in their decision making. 2. The focus of technology is often to increase productivity. 3. The U.S. consumer is unique in the world, in that only they are richer, more educated, and more demanding of quality than ever before. 4. Over 96 percent of the 7 million businesses in the United States have payrolls with over 100 people. 5. Today’s worker is less likely to change jobs frequently than twenty years ago.