Sales of personal property are governed by Article ____ of the Uniform Commercial Code (UCC)
A) 1
B) 2
C) 3
D) None of these.
B
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If the market rate of interest is 10%, a $10,000, 12%, 10-year bond that pays interest semiannually would sell at anamount
a. less than face value b. equal to the face value c. greater than face value d. that cannot be determined
After posting the entries to close all revenue and expense accounts, Marker Company's Income Summary account has a credit balance of $6,000, and its Dividends account has a debit balance of $2,500. These balances indicate that net income for the current accounting period amounted to $3,500.
Answer the following statement true (T) or false (F)
MacKenzie Company sold $300 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 1.5% service charge for sales on its credit cards and credits MacKenzie's account immediately when sales are made. The journal entry to record this sale transaction would be:
A. Debit Cash $295.50 and credit Sales $295.50. B. Debit Cash $295.50; debit Credit Card Expense $4.50 and credit Sales $300. C. Debit Cash of $300 and credit Accounts Receivable $300. D. Debit Cash of $300 and credit Sales $300. E. Debit Accounts Receivable $300 and credit Sales $300.
Historically speaking, ______ has been one of the most commonly used methods of data gathering.
a. interviews b. focus groups c. surveys/questionnaires d. observations