Chang Co issued a $50,000, 120-day, discounted note to Guarantee Bank. The discount rate is 6%. Assuming a360-day year, the cash proceeds to Chang Co are
a. $49,750
b. $47,000
c. $49,000
d. $51,000
c
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The pattern of physical cues, environmental stimuli and implicit understanding that affect a communication is known as what?
A) Social customs B) Ethnocentrism C) Practical intelligence D) Cultural context E) Diversity
The auditor should perform review procedures (a) on the quarterly information contained in the annual report to shareholders and (b) when engaged to review the quarterly information issued at the end of each of the first three quarters of the fiscal year
a. True b. False Indicate whether the statement is true or false
A company using the perpetual inventory system paid cash for a transportation-in cost. Which of the following choices reflects the effects of this event on the financial statements? Asset=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.-=NA+-NA-NA=NA- OAB.+ -=NA+NANA-NA=NANAC.+ -=NA+NANA-+=-- OAD.+ -=NA+NANA-NA=NA- OA
A. Option A B. Option B C. Option C D. Option D
_______ is the belief that some acts are always right or always wrong, whereas ______ is the belief that a decision may be right even if it is not in keeping with our own ethical standards.?
A) Moral universalism; moral relativism B) Moral relativism; moral universalism C) Utilitarianism; deontological ethics D) Deontological ethics; utilitarianism