A company using the perpetual inventory system purchased inventory worth $25,000 on account with terms of 2/10, n/30. Defective inventory of $2,000 was returned 2 days later and the accounts were appropriately adjusted. If the invoice is paid within 10 days, the amount of the purchase discount that would be available to the company is ________.
Select one:
A. $490
B. $460
C. $540
D. $500
Ans: B. $460
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Under the Federal Trade Commission Act, the seven-member Consumer Product Safety Commission (CPSC) has authority to decide whether specific marketing and sales practices are unfair or deceptive, and whether those practices may be harmful to competition among manufacturers, distributors, and sellers.
Answer the following statement true (T) or false (F)
Raw, unorganized facts that need to be processed are called ________
A) information B) samples C) data D) insights E) research
If incremental revenues beyond split-off are less than incremental costs, a product should be sold at the split-off point
Indicate whether the statement is true or false
When organizational members don’t agree on what the goals of the organization are or should be it is known as ______.
A. stability B. goal incongruence C. performance ambiguity D. people orientation