Chang Co issued a $50,000, 120-day, discounted note to Guarantee Bank. The discount rate is 6%. The cash proceeds to Chang Co are
A) $49,750
B) $47,000
C) $49,000
D) $51,000
C
You might also like to view...
In a contract involving a competent person and a person who is insane but not adjudged insane, the competent party can void the contract
Indicate whether the statement is true or false
In today's society, environmental safety has caused marketers to rethink their products. Now many products include some type of environmentally friendly packaging. These products are being marketed as safer for the environment because they are made from biodegradable materials. This is an example of
A. resegmenting. B. repositioning. C. remarketing. D. retargeting. E. remanufacturing.
At the end of the year, Metro, Inc. has an unadjusted credit balance in the Manufacturing Overhead account of $820. Which of the following is the year-end adjusting entry needed to adjust the account?
A) A debit to Cost of Goods Sold of $820 and a credit to Finished Goods Inventory of $820 B) A debit to Manufacturing Overhead of $820 and a credit to Finished Goods Inventory of $820 C) A debit to Manufacturing Overhead of $820 and a credit to Cost of Goods Sold of $820 D) A debit to Cost of Goods Sold of $820 and a credit to Manufacturing Overhead of $820
A customer goes to the Ace Hardware website and finds out that there are three Philips LED light bulbs he wants to purchase in stock at their local store. The customer then goes to the store and finds those light bulbs in stock. Ace Hardware is practicing an omnichannel approach.
Answer the following statement true (T) or false (F)