Park, Inc purchased merchandise from Jay Zee Music Company on June 5, 2016 . The goods were shipped the same day. The merchandise's selling price was $15,000 . The credit terms were 1/10, n/30 . The shipping terms were FOB shipping point. Park received the merchandise on June 10, 2016 . Park paid the amount due on June 13, 2016. If Park uses the periodic inventory system, the effect of recording
the payment on June 13, 2016, will include
a. a decrease to Accounts Payable for $15,000.
b. a decrease to Purchases for $15,000.
c. a decrease to Cash for $15,000.
d. an increase to Inventory for $14,850.
a
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Based on the following information from Scranton Company's balance sheet, calculate the current ratio. Current assets$87,000Investments 50,000Plant assets 220,000Current liabilities 39,000Long-term liabilities 90,000Retained earnings 228,000
A. 1.06. B. .44. C. 3.51. D. 2.23. E. 3.33.
______________ are consumers who understand the issues related to the natural environment but are not willing to pay more for proactive environmental products.
a. Greenback greens b. Sprouts c. True blue greens d. Basic browns
The annualized net present value approach used to evaluate projects with unequal lives converts the net present value of unequal-lived, mutually exclusive projects into an equivalent annual amount
Indicate whether the statement is true or false
As senders of messages, effective communicators will
A. encode messages in symbols that only they understand to maintain confidentiality. B. filter the information before sending. C. ensure that a feedback mechanism is built into messages. D. select a medium they are comfortable using and use it consistently for all messages. E. use jargon to establish a friendly rapport during all communication.