In the Merchandising Income Statement, sales will be reduced by sales discounts and sales returns and allowances to arrive at net sales
Indicate whether the statement is true or false
True
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The sample plan refers to:
A) the process used to select units from the population to be included in the sample B) the process used to select units from previous samples into the present sample C) the process used to select units from the population into a sample size formula D) the process used to select units from the population to be included in telephone surveys E) the process used to determine which members of the sample should be contacted
Studies show most effective sentences in business messages have an average length of ______.
A. five to 10 words B. 10 to 15 words C. 15 to 20 words D. 20 to 40 words
Why is it important to cite sources when writing reports?
A) Sources replace research and data needed to complete the report B) Sources can replace the synthesis of material C) Sources make the writers ideas seem original D) Sources allow you to present someone else's materials as your own E) Sources help your audience locate information
Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%, salary allowances of $34,000 and $26,000 respectively, and the remainder equally. How much of the net income of $100,000 is allocated to Xavier?
A) $49,000 B) $51,000 C) $50,000 D) $56,000