The BEST way to pay the minimum price to a vendor is to take advantage of
A) cash discounts, but not trade discounts.
B) both trade discounts and cash discounts.
C) trade discounts, but not cash discounts.
D) neither discount, but to pay the invoice price on the due date.
B
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Lamar Company has total current assets of $122,000 and total current liabilities of $57,000 . What is the amount of working capital for Lamar Company?
a. $ 57,000 b. $ 65,000 c. $ 122,000 d. $ 179,000
The following items were reported on the balance sheets and income statement for Carlton Co: Accounts receivable, December 31, 2016 $185,000 Accounts receivable, December 31, 2017 178,000 Sales—2017 850,000 What amount would be reported in the operating activities section of the statement of cash flows for collections from customers under the direct method assuming that all sales are on credit?
a. $850,000 b. $857,000 c. $843,000 d. Cannot be determined without further information.
H&A is a retail chain that specializes in selling goods at very low prices. To achieve this, it stocks a very narrow assortment of basic necessities and offers customers a "no-frills" shopping experience. H&A is an example of a(n) ______
A) off-price B) specialty C) hard-discount D) superstore E) convenience
Adam has to respond to a peer via a discussion board for his online class. He finds it very hard to respond to a friend, however, because she wrote her post with poor grammar and inconsistent line breaks. Adam is experiencing a ______ distraction.
a. situational b. source c. medium d. bias