When we attempt to persuade an audience that something did or did not happen, we are using a question of ______.

a. value
b. fact
c. merit
d. policy


b. fact

Business

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A $5,000, 6%, 75-day note receivable dated June 15 is discounted at the bank on July 20 . How many days are in the discount period?

a. 75; b. 60; c. 40; d. 35; e. none of these

Business

On December 31, Chu Company had performed $3,000 of management services for clients that had not yet been billed. Prepare Chu's adjusting entry to record these fees earned.

What will be an ideal response?

Business

Mustin, Inc purchased equipment for $50,000 . The equipment had an estimated useful life of eight years and an estimated residual value of $6,000 . After five years of use, the estimated residual value is changed to $9,000 . Assuming straight-line depreciation, depreciation expense in year 6 would be

a. $4,500. b. $5,500. c. $5,125. d. $7,500.

Business

The U.S. and Canada are small-power-distance countries as evidenced by

A. their expectation of a level playing field, socially, at least ideally. B. their willingness to profile, based on gender. C. their low tax levels. D. their rule of law commitment.

Business