When a business hires a new employee, a recordable transaction has occurred
Indicate whether the statement is true or false
F
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Metro Museum has different admission prices for students, adults, and seniors. All three groups are entitled to the same services. This form of pricing is called ________ pricing
A) time-based B) location-based C) customer-segment D) by-product E) product form
Generally accepted accounting principles
a. are accounting adaptations based on the laws of economic science. b. derive their credibility and authority from legal rulings and court precedents. c. derive their credibility and authority from the federal government through the financial reporting section of the SEC. d. derive their credibility and authority from general recognition and acceptance by the accounting profession.
Eagle Company has $12,000 in cash, $4,000 in marketable securities, $23,000 in current receivables, $22,000 in inventories, and $32,000 in current liabilities. The company's quick ratio is closest to:
A) 1.09 to 1 B) 1.22 to 1 C) .72 to 1 D) 2.65 to 1
Paul wants to accumulate $14,500 for the down payment for a new condo. He plans to start investing $2,500 annually beginning today. The investment account will pay 10 percent interest compounded annually. How long would it take him to accumulate enough money to make the down payment?
A. 3.5 years B. 5.9 years C. 6.1 years D. 4.4 years E. 4.8 years