Sales discounts affect net sales, but purchase discounts do not.
Answer the following statement true (T) or false (F)
True
A sales discount is recorded as a decrease in sales and a decrease in accounts receivable. A purchase discount is recorded as a decrease in inventory and a decrease in accounts payable.
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To carry out their plans, firms require financing, that is, funds from owners and creditors. Owners provide funds to a firm and in return receive ownership interests. For a corporation, the ownership interests are:
a. Common Stock Shares b. Corporate Bonds c. Notes Receivable d. Notes Payable e. Certificates of Deposit
Consensus is the collective opinion of a group, even though each member may not agree with every aspect of the decision
Indicate whether the statement is true or false
Using the average of recent historical demand to generate a forecast is referred to as what technique?
a. Simple moving average b. Weighted moving average c. Exponential smoothing d. Linear trend forecast
Access points take ________ from wireless devices and send them on to devices on the wired LAN. They also do the converse
A) packets B) frames C) both A and B D) neither A nor B