The difference between the present value of a perpetuity that pays $250 every year and a perpetuity that pays $500 every year when the annual rate of discount is 5% is
A. $500.
B. $750.
C. $5,000.
D. $7,500.
Answer: C
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Under the direct method, cash paid to suppliers can be computed as cost of goods sold for the period
a. minus a decrease in inventory and plus an increase in accounts payable. b. plus a decrease in inventory and minus an increase in accounts payable. c. minus an increase in inventory and plus an increase in accounts payable. d. plus an increase in inventory and minus an increase in accounts
Express contract can be stated orally
Indicate whether the statement is true or false
When recording the journal entry for labor, the Work in Process Inventory account is
A. Debited for actual labor cost. B. Credited for standard labor cost. C. Debited for standard labor cost. D. Credited for actual labor cost. E. Not used.
Carla owns a candy store called "Carla's confections." She just finalized an arrangement where she will operate one of her stores next to the floral department of a local grocery store. She will pay rent for the space and will be responsible for all aspects of her business. What is this type of arrangement called?
A. a leased department B. a retail cooperative C. scrambled merchandising D. an isolated store E. omni-channel retailing