Australia Company sells a product for $500 cash to Martin and Lewis Enterprises. This transaction will be recorded in the ________.
A) cash payments journal
B) sales journal
C) cash receipts journal
D) purchase journal
C) cash receipts journal
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Arman joins the human resource department at SmartFuel Inc., where the production workers are represented by a union. Which goal would Arman most likely be expected to work toward in supporting any negotiations with the union?
A. making managers and workers into adversaries B. discouraging employees from forming a union C. ensuring a regular flow of new members into the union D. keeping operations flexible and retaining some control over schedules E. raising the value of workers' compensation package
Margaret will receive an insurance settlement of $3,000,000 in five years. Randall is willing to give her a lump sum today in return for the payment in five years. If current interest rates are 12% per year, how much will Margaret receive today?
A) $960,637 B) $1,702,281 C) $1,116,790 D) $1,800,000
Business analysis for a new product begins with assessing how the new product will fit the firm's total product mix
Indicate whether the statement is true or false
A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 15% trade discount and credit terms of 2/10, n/30. How much cash will be needed to pay this invoice within the discount period?
A) $15,000 B) $14,700 C) $12,750 D) $12,495