When a seller allows a buyer thirty days to pay for a purchase, the selling arrangement is known as:
a. a tying agreement
b. a promissory note
c. equity financing
d. a time draft
e. trade credit
e. trade credit
You might also like to view...
Which of the following is not a component of net periodic pension cost?
a. Interest cost b. Actual return on plan assets c. Benefits paid to retirees d. Amortization of prior service cost
Cash equivalents include
A) checks B) coins and currency C) money market accounts and commercial paper D) stocks and short-term bonds
When the wedding planner asked the engaged couple if they wanted an unforgettable wedding, the couple responded in the affirmative. Then the planner asked, "Do you want your guests to enjoy the day as much as you will?" The couple again said, "Yes." "You know one of the ways that people remember a wedding is by how wonderful the reception is. Do you want to have a memorable reception?" This time the couple nodded, "of course." Then the wedding planner asked, "Do you want me to use my best judgment to guarantee that you have a marvelous wedding day?" With that last remark answered in the affirmative, the couple signed a contract authorizing the wedding planner to design their wedding festivities. The wedding consultant used a(n) ________ close.
A. T-account B. continuous-yes C. serial benefit close D. alternative-close E. summary-of-benefits
Conversion cost per equivalent unit is the combined cost of direct labor and factory overhead per equivalent unit.
Answer the following statement true (T) or false (F)