The Equipment account would include all of the following costs except
A) installation costs.
B) maintenance costs.
C) equipment test runs.
D) freight charges.
B
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Jasper makes a $25,000, 90-day, 7% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is: (Use 360 days a year.)
A. $145.83. B. $1,750. C. $875.00. D. $19.44. E. $437.50.
Which of the following statements best describes the result when an insured under a policy of life insurance has not disclosed to the insurer that he is an avid bungee jumper?
A) The insured has breached his fiduciary duty to the insurance company B) The insured has not breached any duty owed to the insurance company as bungee jumping is legal. C) The insured has breached the duty of utmost good faith owed to the insurer. D) The insurer can claim punitive damages against the insured for the non-disclosure. E) The insurer has accepted the undisclosed risk by virtue of its failure to ask the question.
A business transaction is a financial event that affects the resources of a business.
Answer the following statement true (T) or false (F)
All of the following are potential benefits of B2B e-commerce except:
A. lower administrative costs. B. lower search costs. C. lower price transparency. D. lower transaction costs.