Prepare the journal entry to record the acquisition of fences and signs for $5,000 cash. Omit explanation.
What will be an ideal response?
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Which of the following techniques involves assigning production tasks in such a way that the time required to complete them is approximately equal across workstations?
A. the cost optimization method B. the relationship rating method C. the line balancing method D. the factor rating method
Vincent Company purchased merchandise from Liu Company with an invoice price of $300,000 and credit terms of 2/10, n/30. Liu Company's cost for the merchandise was $200,000. Vincent Company paid within the discount period. Assume that both buyer and seller use a perpetual inventory system and the gross method of recording invoices.1. Prepare entries that Vincent should record for (a) the purchase and (b) the cash payment.2. Prepare entries that Liu should record for (a) the sale and (b) the cash collection.3. Assume that the buyer borrowed enough cash to pay the balance on the last day of the discount period at an annual interest rate of 9% and paid it back on the last day of the credit period. Compute how much the buyer saved by following this strategy. (Assume a 365-day year and round
dollar amounts to the nearest cent.) What will be an ideal response?
The universal functions of marketing
A. are performed differently and by different parties in different economies. B. can be eliminated in advanced macro-marketing systems. C. create various separations and discrepancies between producers and consumers. D. are never performed by consumers.
Your investment advisor informs you that you do not need to pay a fee for his services. Instead, he invests your money for one month and keeps all of the proceeds before investing it for you
If your advisor makes and keeps a 2% return on your investment, what is his EAR if the earnings rate could be extrapolated for one year? A) 2.00% B) 24.00% C) 26.82% D) 126.82%