Rescission and restitution are designed to give the parties the benefit of the bargain
Indicate whether the statement is true or false
FALSE
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When commercial banks deduct interest in advance on a note, the procedure is known as discounting
a. True b. False Indicate whether the statement is true or false
Discuss the private key encryption technique and its shortcomings
Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 2.5% charge on sales for using its card. On May 26, Brinker had $4,800 in First Savings Bank Card credit sales. What entry should Brinker make on May 26 to record the deposit?
A. Debit Accounts Receivable $4,800; credit Sales $4,800. B. Debit Cash $4,800; credit Sales $4,800. C. Debit Cash $4,680; debit Credit Card Expense $120; credit Sales $4,800. D. Debit Cash $4,920; credit Credit Card Expense $120; credit Sales $4,800. E. Debit Accounts Receivable $4,680; debit Credit Card Expense $120; credit Sales $4,800.
Acme, Inc., produces widgets. To manufacture a new type of widget, it took 57 hours for the first widget. Acme estimates it has an 84% learning rate. Using the logarithmic approach, calculate the time it will take to manufacture the 114th widget.
a. 17.27 hours b. 19.58 hours c. 16.52 hours d. 21.94 hours