Integrity is character-the personal values and ethics that ground your behavior in high moral principles.
Answer the following statement true (T) or false (F)
True
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Which of the following is a unique feature of demand-based pricing?
A) The demand-based pricing curve nears the unit cost curve at the end of the life cycle. B) Demand-based pricing is effective for companies with an effective monopoly in their respective industries. C) Demand-based pricing can be volatile as fickle customers change their demand for the product or service. D) The prices at the decline stage are generally higher than those at any other stage in the product life cycle.
Valley Spa purchased $7,800 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 10% promissory note for $7,800. If the note is dishonored, but Tubman intends to continue collection efforts, what is the journal entry to record the dishonored note? (Use 360 days a year.)
A. Debit Accounts Receivable $7,930; debit Bad Debt Expense $130; credit Notes Receivable $8,060. B. Debit Bad Debt Expense $7,800; credit Notes Receivable $7,800. C. Debit Accounts Receivable-Valley Spa $7,930, credit Interest Revenue $130; credit Notes Receivable $7,800. D. Debit Accounts Receivable-Valley Spa $7,800; credit Notes Receivable $7,800. E. Debit Bad Debt Expense $7,930; credit Accounts Receivable $7,930.
Answer the following statement(s) true (T) or false (F)
1. Changes in the discount rate serve as an indication about how the Fed feels about the economy. 2. The discount rate is the interest rate that banks charge its best customers. 3. Automatic teller machines are an example of the EFT system. 4. ACH systems allow employers to make electronic payroll account withdrawals from a bank and transfer them directly to employee accounts. 5. Point-of-sale (POS) systems are essentially very fast credit cards.
A shareholder's relation to creditors of the corporation is generally that the shareholder:
a. is a secured creditor b. is an unsecured creditor c. has no relation to creditors d. is a third-party beneficiary to creditors e. none of the other choices