Floors, Inc offers terms of 2/10, n/30 to credit customers. Tile Magic Corp purchased 100 tile cutters with a list price of $20 each on August 5, 2015, on account. If Tile Magic Corp pays the amount of the invoice for its purchase on August 14, 2015, how much cash will Floors receive from Tile Magic Corp?
a. $1,764
b. $1,800
c. $1,960
d. $2,000
c
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Which of the following is NOT an example of a statement that is about a single variable against a known or given standard?
A) The market share for the new product will exceed 15 percent. B) The proportion of households with an Internet connection in the United States exceeds the proportion of those in Germany. C) At least 65 percent of customers will like the new package design. D) The average monthly household expenditure on groceries exceeds $500. E) The new service plan will be preferred by at least 70 percent of the customers.
If dividends declared per share during 20x4 (the base year), 20x5, and 20x6 are $4.80, $3.60, and $4.32, respectively, the index numbers assigned to 20x5 and 20x6, respectively, are
A) 75 and 90. B) 60 and 95. C) 180 and 80. D) 133.3 and 110.
Azuki Corporation operates in two sales territories, Urban and Rural. Data concerning last year's operations appear below: Urban Rural Sales$320,000 $80,000 Variable expenses 208,000 56,000 Contribution margin 112,000 24,000 Traceable fixed expenses 48,000 30,000 Segment margin$64,000 $(6,000) Azuki's common fixed expenses were $25,000 last year. If operations in the Rural Sales Territory would have been discontinued at the beginning of last year, how would this have changed the net operating income of Azuki Corporation as a whole?
A. $24,000 decrease B. $5,000 increase C. $6,000 increase D. $11,000 increase
An apartment complex has placed an ad in the newspaper that includes the following, "No families with more than 3 children under the age of 10." Which of the following is correct with regard to the ad?
A)?Since it is private property, the age restriction is fine B)?The age restriction is fine as long as there is housing in the area for families with children C)?The age restriction is a violation of the Fair Housing Act D)?The age restriction is reasonable and valid