Alabama Industrial Manufacturers (AIM) follows the constant payout ratio dividend policy by paying out 70 percent of earnings each year. This year AIM expects the dividend payment to be 5 percent higher than last year's payment, which was $280,000. What is the amount of net income that AIM expects to generate this year?
A. $294,000
B. $980,000
C. $420,000
D. $686,000
E. $400,000
Answer: C
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If a job candidate receives a job offer while other interviews are still pending, how should he or she ask the employer for a time extension?
What will be an ideal response?
Explain a database lockout and the deadlock phenomenon. Contrast that to concurrency control and the timestamping technique. Describe the importance of these items in relation to database integrity
Which of the following is an example of a transaction that might occur in business-to-business marketing?
A) Maurice buys a new razor on his way home from work. B) The amateur gardener buys a new wheelbarrow. C) The retail outlet buys athletic shoes to sell in its store. D) The professional chef bakes a birthday cake for her son. E) Robyn's mother hires a math tutor to help Robyn pass algebra.
On September 12, Ryan Company sold merchandise in the amount of $5,800 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Ryan uses the periodic inventory system and the net method of accounting for sales. The journal entry or entries that Ryan will make on September 12 is (are):
A.
| Sales | 5,800 | |
| Accounts receivable | 5,800 |
B.
| Accounts receivable | 5,684 | |
| Sales | 5,684 | |
| Cost of goods sold | 4,000 | |
| Merchandise Inventory | 4,000 |
C.
| Accounts receivable | 5,684 | |
| Sales | 5,684 |
D.
| Accounts receivable | 5,800 | |
| Sales | 5,800 | |
| Cost of Goods Sold | 4,000 | |
| Merchandise inventory | 4,000 |
E.
| Accounts receivable | 5,800 | |
| Sales | 5,800 |