Jake Co. purchased on account merchandise with a list price of $90,000. Payment terms were 1/15, n/45. If collection occurs within 18 days, what discount will Jake Co. recognize on the merchandise?
A. $0
B. $500
C. $13,500
D. $900
Answer: A
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Standby equipment held for use in the event of a breakdown of regular equipment is reported as property, plant, andequipment on the balance sheet
a. True b. False Indicate whether the statement is true or false
______ agencies provide part- or full-time help for limited periods of time.
A. Temporary B. Permanent C. Contingency D. Forecast
An OD intervention method for employees to get new ideas heard by top management without having to go through hierarchical levels of bureaucracy is ______.
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Based on the following information from Scranton Company's balance sheet, calculate the current ratio. Current assets$87,000??Investments 50,000Plant assets 220,000Current liabilities 39,000Long-term liabilities 90,000Retained earnings 228,000
A. 3.51. B. 3.33. C. 2.23. D. 1.06. E. .44.