With a fixed-price contract, the greatest risk is typically assumed by:
A) the purchasing company.
B) the vendor.
C) both the purchasing company and the vendor.
D) neither the purchasing company nor the vendor.
B
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On September 12, Vander Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Jepson uses the periodic inventory system and the gross method of accounting for purchases. Jepson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Jepson makes on September 18 is:
A.
| Accounts payable | 5,800 | |
| Purchases discounts | 116 | |
| Cash | 5,684 |
B.
| Cash | 5,684 | |
| Accounts receivable | 5,684 |
C.
| Purchases | 5,684 | |
| Cash | 5,684 |
D.
| Accounts payable | 5,800 | |
| Merchandise inventory | 116 | |
| Cash | 5,684 |
E.
| Cash | 5,684 | |
| Purchases discounts | 116 | |
| Accounts payable | 5,800 |
The exponential smoothing technique is?
a. Rarely used due to its complexity b. Rarely used due to its inaccuracy c. Widely used due to its simplicity d. Widely used due to its ability to generate perfect forecasts
Within the moral-support network, most entrepreneurs indicate that their ________ are their biggest supporters.
A. parents B. mentors C. spouses D. friends
The combination of two or more corporations into a new corporation is known as:
a. merger. b. consolidation. c. compulsory share exchange. d. short-form merger.