If the terms of an invoice dated May 5 are 3/10, n/30 . the invoice must be paid on or before May 8 in order to be entitled to a discount

Indicate whether the statement is true or false


F

Business

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Jacks Corporation purchases $200,000 bonds plus accrued interest for 2 months of $2,000 from Kennedy Company on March 1 . The bonds have an annual interest rate of 6% payable on June 30 and December 31 . The entry to record the purchase of the bonds would include a

a. debit to Interest Receivable for $2,000 b. debit to Investment in Bonds for $202,000 c. debit to Cash for $200,000 d. credit to Interest Revenue for $2,000

Business

To accurately interpret a source's point, what information do you need to know?

A) The source's reputation for reliability B) What the purpose of the material is C) Whether or not the material can be independently verified D) If the author is credible E) If the source is potentially biased

Business

Which of the following scenarios best exemplifies prejudice?

A. Lilly and Ben work for the same firm, and both perform similar tasks. However, Ben's pay is more than that of Lily's. B. Erick's manager often says, "All Americans are aggressive and loud." C. Violet's manager, Ted, often shows obscene pictures to her and threatens to fire her if she complains. D. As Cathy is a working parent, her supervisor assumes that she often abuses sick day privileges.

Business

If fixed costs are $561,000 and the unit contribution margin is $8.00, what is the break-even point in units if variable costs are decreased by $.50 a unit?

A) 66,000 B) 70,125 C) 74,800 D) 60,000

Business