On September 12, Ryan Company sold merchandise in the amount of $5,800 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Ryan uses the periodic inventory system and the net method of accounting for sales. The journal entry or entries that Ryan will make on September 12 is (are):
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What is the expected shortage per cycle under this policy?
A) 1 phone B) 2.2 phones C) 4.5 phones D) 9.8 phones
Equity alliances are less common than non-equity alliances because they:
A. depend on contractual agreements. B. produce weaker ties between partners. C. fail to facilitate the transfer of tacit knowledge. D. often require larger investments.
In a well-established market, ComBuilt produces the nation's best-selling bookkeeping software. The program is far superior to all other similar programs. ComBuilt requires all its distributors and retailers to sell the program at a specified price. This is:
a. known as a price maintenance agreement and may violate Section 1 of the Sherman Act under the rule of reason test. b. known as a price maintenance agreement and is a per se violation of Section 1 of the Sherman Act. c. exempt from antitrust laws because it does not constitute an interference with competition. d. allowed by antitrust laws because it is a superior product.
The easiest way to invest in foreign markets is through:
A) the stocks purchased directly from an overseas broker. B) the stocks purchased directly from a regular broker. C) the stocks purchased directly over the Internet. D) international mutual funds. E) the purchase of American Depositary Receipts.