May Retailers purchased merchandise with a list price of $100,000, subject to a trade discount of 20 percent and credit terms of 2/10, n/30 . At what amount should May record the cost of this merchandise if the gross method is used?
a. $100,000
b. $78,400
c. $98,000
d. $80,000
D
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The receiver of a message decodes and interprets it, giving meaning and understanding to the receiver.
Answer the following statement true (T) or false (F)
What tool is used to identify expectations of clients?
A. portfolio analysis B. stakeholder analysis C. client value planning D. organizational strategy
Which of the following statements is incorrect?
A. A predetermined overhead rate is calculated using actual cost and volume data. B. A predetermined overhead rate is calculated by dividing costs by volume, using a measure of volume such as direct labor hours or direct materials cost. C. A company may need to allocate overhead costs to products to make pricing decisions for the products. D. A predetermined overhead rate may be used to allocate overhead costs when volume varies during the year.
Which ethical driver lays the foundation for any ethical change effort?
A. ethical diagnosis B. engaged leadership C. ethics training D. targeted socialization processes