On November 1, 2019, Alpha Omega, Inc. sold merchandise for $15,000, FOB destination, with payment terms, n/30. The cost of goods sold was $5,100. On November 3, the customer returns on this sale amounted to $6,000. The company received the balance on November 9, 2019. Calculate the cost of goods sold from these transactions.
A) $2,040
B) $5,940
C) $5,100
D) $3,060
D) $3,060
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On December 31, 2018, Barry Company borrowed $500,000 by signing a five-year, 8% note payable. The note is payable in five yearly installments of $100,000 plus interest, due at the end of every year beginning on December 31, 2019. What amount represents the current portion of Long-term Notes Payable at December 31, 2018?
What will be an ideal response?
The carrying value of a depreciable asset purchased 3 years ago equals
A) original cost minus depreciation expense for the current period. B) original cost minus accumulated depreciation. C) the estimated cost to replace the asset at today's price. D) the estimated amount that the asset could be sold for in today's market.
When we do not get to know someone because we do not have to see that person in order to do our business, we often do not take into account the impact of our decisions on him or her. This is a challenge posed by the:
A. facelessness that results from the use of new technology accessible in the workplace. B. lack of clear boundaries between people's personal and professional lives. C. assumption by users of technology that the Internet is safe. D. knowledge gap that exists between people who understand the technology and others who do not understand it.
Reese buys securities in a pharmaceutical company for $3300. After a period of eight months, when the prices of the securities go up in the market, she sells her securities for $3700. In this case, the difference of $400 in the prices of the securities is called:
A. a price override. B. price dispersion. C. thrift. D. thespread.