Discounts taken by the buyer for early payment of an invoice are credited to Cash Discounts by the buyer

Indicate whether the statement is true or false


False

Business

You might also like to view...

Which of the following statements concerning income tax rate structures isĀ false?

A. Under either a regressive, proportionate, or progressive rate structure, high-income taxpayers pay more dollars of tax than low-income individuals. B. Under a progressive rate structure, the marginal rate and the average rate are equal. C. Under a regressive rate structure, the average rate for low-income individuals is more than the average rate for high-income individuals. D. In theory, a progressive rate structure results in equal economic sacrifice across taxpayers.

Business

Jacob brings donuts in for his employees once a week, but he varies which day he brings them (sometimes on Monday and sometimes on Wednesday, etc.). The employees never know when they will be treated with donuts, so the element of surprise is motivating. Jacob is using which type of reinforcement schedule?

A. fixed-ratio B. variable-interval C. fixed-interval D. variable-ratio

Business

Which of the following is primarily responsible for enforcing the provisions of the Clean Water Act?

A) the federal government B) independent agencies C) the state government D) nonprofit organizations

Business

________ is a person's ability to influence others to do something they would not otherwise do.

A. Acumen B. Distinction C. Politics D. Power

Business