If the annual rate of interest in a market is 12%, the monthly rate of discount will equal
A. 1%.
B. 12%.
C. 24%.
D. 144%.
Answer: A
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The recognition of cost of goods sold expense in the same period that sales revenue is recognized from the sale of merchandise is a good example of the
a. full disclosure principle b. matching principle c. historical cost principle d. revenue realization principle
Pineapple's Fruit Smoothies began the year with a $4,200 credit balance in its Allowances for Doubtful Accounts. During the year, it accrued $21,500 of bad debt expense and wrote off accounts totaling $28,000. At year-end, a percentage of the
outstanding accounts receivable indicated that a $4,800 allowance should be provided for on that date. The year-end adjustment for bad debt expense should be A) $7,100 B) $4,800 C) $3,000 D) $2,300
A good blueprint slide may:
a. have a colorful background b. repeat an image from the cover slide c. use a different title section than body slides do d. all of the above
A ________ is a type of reseller, a business that buys from other businesses but does not significantly alter the form of the products it buys.
A. producer B. wholesaler C. consumer D. factory E. manufacturer