According to the text, ________ are the simplest to use
A) ratio scales
B) ordinal scales
C) interval scales
D) random scales
E) nominal scales
E
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At least two REA agents participate in each an economic event
Indicate whether the statement is true or false
Dividends yield equals
a. market price per share divided by dividends per share. b. net income divided by dividends per share. c. dividends per share divided by net income. d. dividends per share divided by market price per share.
The entry to record payment of a $3,000 purchase within the 2 percent discount period would include a(n)
A) decrease to Accounts Payable for $2,940. B) increase to Purchases Discounts for $60. C) increase to Accounts Payable for $3,000. D) increase to Cash for $3,000.
Which of the following statements concerning contracts is incorrect?
a. A contract is an agreement between parties to do something and can be made either by speaking, writing, or conduct. b. In the United States an oral contract is legally enforceable if the parties admit that the contract was made. c. In Japan most contract disputes are discussed and resolved through legal intervention. d. The word contract is important to legal enforceability.