1/15 net 30 date of invoice translates as ________.
A) a 1 percent cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due in 30 days after the middle of the month
B) a 1 percent cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due 30 days after the invoice date
C) a 1 percent cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due 30 days after the end of the month
D) a 1 percent discount may be taken on 15 percent of the purchase if the account is paid within 30 days after the end of the month
B) a 1 percent cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due 30 days after the invoice date
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What is the definition of politics as described in the book?
a. Gathering power and allies to further one’s own objectives over another’s b. Conflict and debate of those pursuing power c. Brokering power to meet one’s own goals d. Ability and success of governing others
A lien release signed by a supplier prevents the supplier from later pursing a mechanic's lien against real property
Indicate whether the statement is true or false
Pepper Department store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments:ExpenseBasis for allocation Amount RentSquare feet of floor space $24,000 AdvertisingAmount of dollar sales $30,000 AdministrativeNumber of employees $45,000 The following information is available for its three operating (sales) departments: Department Square Feet Dollar Sales Number of employees A 3,000 $280,000 6 B 3,400 $300,000 8 C 3,600 $420,000 10 Totals 10,000 $1,000,000 24 What is the total advertising expense allocated to Department B?
A. $12,500. B. $7,500. C. $10,800. D. $ 9,000. E. $30,000.
The beginning inventory plus cost of goods sold equals the cost of goods available for sale during the period.
Answer the following statement true (T) or false (F)