A ________ strategy involves adding new businesses that produce related products or are involved in related markets and activities.
A. lateral diversification
B. concentric diversification
C. concentration
D. differentiation
E. conglomerate diversification
Answer: B
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On September 12, Ryan Company sold merchandise in the amount of $9800 to Johnson Company, with credit terms of 3/10, n/30. The cost of the items sold is $6000. Ryan uses the periodic inventory system and the net method of accounting for sales. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Ryan makes on September 18 is:
A.
| Cash | 9800? | |
| Accounts receivable | 9800? |
B.
| Cash | 9506? | |
| Accounts receivable | 9506? |
C.
| Cash | 5820? | |
| Sales discounts | 180? | |
| Accounts receivable | 6000? |
D.
| Cash | 9506? | |
| Sales discounts | 294? | |
| Accounts receivable | 9800? |
E.
| Cash | 6000? | |
| Accounts receivable | 6000? |
The drugstore industry has seen a decrease in their annual sales mainly due to
A. higher prices on prescription drugs. B. the aging population. C. pharmacies in full-line discount stores. D. government regulations on pharmaceutical sales. E. the wide assortment of merchandise they sell
Paul is shopping for a life insurance policy. An agent asked Paul if he would like to purchase a participating policy. What is a "participating" policy?
A) a policy which has a cash value B) a policy which pays dividends C) a policy which invests in common stock D) a policy which provides for an increasing death benefit
Ann Frazer has just purchased a new Maserati. Ann will be borrowing the money from her bank. Ann signed the contract at 8:00 PM at the dealership and her bank will not be open until 10:00 AM the following day. Ann: A) has a contract regardless of whether her bank approves her loan
B) has made a conditional acceptance and has no contract. C) will be excused from her contract if the bank does not approve her loan. D) None of the above