Economists' attempts to explain the term structure of interest rates
A) illustrate how economists modify theories to improve them when they are inconsistent with the empirical evidence.
B) illustrate how economists continue to accept theories that fail to explain observed behavior of interest rate movements.
C) prove that the real world is a special case that tends to get short shrift in theoretical models.
D) have proved entirely unsatisfactory to date.
A
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A capital lease is a lease of property, plant, or equipment that is in effect an installment purchase
Indicate whether the statement is true or false
What are the two primary categories for MPR event classification? Briefly describe the differences between the two
What will be an ideal response?
What role could marketing play in this transaction to make Eloise’s job easier?
What will be an ideal response?
On March 12, Klein Company sold merchandise in the amount of $8600 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4900. Klein uses the perpetual inventory system and the net method of accounting for sales. On March 15, Babson returns some of the merchandise, which is not defective. The selling price of the returned merchandise is $680 and the cost of the merchandise returned is $390. The entry(ies) that Klein must make on March 15 is (are):
A.
| Accounts receivable | 680? | |
| Sales returns and allowances | 680? |
B.
| Sales returns and allowances | 390? | |
| Accounts receivable | 390? |
C.
| Sales returns and allowances | 666? | |
| Accounts receivable | 666? | |
| Merchandise inventory | 382? | |
| Cost of goods sold | 382? |
D.
| Accounts receivable | 680? | |
| Sales returns and allowances | 680? | |
| Cost of Goods Sold | 390? | |
| Merchandise inventory | 390? |
E.
| Sales returns and allowances | 666? | |
| Accounts receivable | 666? | |
| Merchandise inventory | 390? | |
| Cost of goods sold | 390? |