Ballard Company uses the perpetual inventory system. The company purchased $9500 of merchandise from Andes Company under the terms 2/10, net/30. Ballard paid for the merchandise within 10 days and also paid $400 freight to obtain the goods under terms FOB shipping point. All of the merchandise purchased was sold for $18,000 cash. What is the amount of gross margin that resulted from these business events?
A. $8290
B. $8100
C. $8500
D. $9500
Answer: A
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What will be an ideal response?
When compound interest is used, interest accumulates less quickly than when simple interest is used
Indicate whether the statement is true or false
The human resource environment facing retailers is characterized by _____
a. inexperienced workers, long hours, and high variations in demand b. low costs, short hours, and low variations in demand c. highly visible workers, few part-time workers, and low variations in demand d. less visible workers, few part-time workers, and low variations in demand
Oversight Corporation monitors employees' electronic communications made in the ordinary course of business. This
a. is a violation of the rights of Oversight's employee. b. is within Oversight's rights as an employer. c. is a subject for dispute resolution by the communications providers that Oversight uses. d. falls under the "business-extension exception" to the Electronic Communications Privacy Act.