McClure Corp purchased raw materials with a cost of $86,000. Credit terms of 3/10, n/60 apply. If McClure uses the net price method, the purchase should be recorded as
A) $77,400
B) $86,000
C) $83,420
D) $88,580
C
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Interest revenue that has been earned but not yet received is said to be ____________________
Fill in the blank(s) with correct word
Valuation methods that reflect current values or a combination of historical and current values include all of the following except:
a. fair value for assets and liabilities. b. current replacement cost for assets. c. net realizable value for assets. d. adjusted acquisition costs for assets.
There are no precedents on which the court deciding the case Financial Investment Co v. Goodhands Insurance, Inc, can base its decision. The court may consider
a. issuing an order according to the judge's personal values. b. refusing to decide the case. c. postponing a decision until a precedent is available. d. basing a decision on public policy or social customs and values.
Rock-TennRock-Tenn produces packaging products. They make cartons that will hold a dozen Dunkin' Donuts, waffle fries for Chik-fil-A, Gillette razors, Haagen -Daz ice cream, express mail envelopes for FedEx and much more. Rock-Tenn business fluctuates depending on consumer demand. As plastic products become more expensive companies turn to cardboard and paper to package their products.Refer to Rock-Tenn. A sales representative from a paper producing company calls on Rock-Tenn routinely every month to review their ordering needs. The monthly sale of paper to Rock-Tenn would constitute a:
A. new buy B. modified rebuy C. straight rebuy D. modified new buy E. straight new buy