The normal balances of Sales, Sales Discounts, and Sales Returns and Allowances are ________

A) debit, credit, and credit, respectively
B) debit, debit, and credit, respectively
C) credit, debit, and debit, respectively
D) credit, credit, and debit, respectively

C

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The purchase of supplies for cash and the payment of an insurance premium both are transactions that increase an asset and decrease an asset

Indicate whether the statement is true or false

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Niendorf Corporation's 5-year bonds yield 7.75%, and 5-year T-bonds yield 4.80%. The real risk-free rate is r* = 2.75%, the inflation premium for 5-year bonds is IP = 1.65%, the default risk premium for Niendorf's bonds is DRP = 1.20% versus zero for T-bonds, and the maturity risk premium for all bonds is found with the formula MRP = (t - 1) 0.1%, where t = number of years to maturity. What is the liquidity premium (LP) on Niendorf's bonds?

A. 1.42% B. 2.10% C. 2.17% D. 1.75% E. 1.56%

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The head of a regulatory agency cannot accept free tickets from a company the agency regulates

Indicate whether the statement is true or false

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In a bureaucracy, a manager's formal authority derives from

A. the position the manager holds in the organization. B. codifying the new methods of performing tasks into written rules. C. informal rule-of-thumb knowledge. D. the manager's social standing and personal contacts. E. intuitive knowledge.

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