In computing debt to tangible net worth, which of the following is not subtracted in the denominator?
a. Copyrights
b. Goodwill
c. Patents
d. Investments
e. Trademarks
D
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If a company purchases $3,200 worth of inventory with terms of 2/10, n/30 on March 3 and pays March 12, then the amount paid to the seller would be
a. $3,136 b. $3,150 c. $3,168 d. $3,200
Which of the following statements regarding amortization is true?
a. Amortization of the premium causes the premium on bonds payable account to increase. b. Amortization of the premium causes the amount of interest expense to increase. c. Cash interest payments on bonds equals interest expense on the income statement when there is amortization of bond premium. d. Amortization of premium continues over the life of the bond until the balance in the account is reduced to zero.
Data-mining software searches through large amounts of data for meaningful patterns of information.
Answer the following statement true (T) or false (F)
Reliability refers to
a. the knowledge level of the salesperson. b. the ability to supply what was promised in a dependable, efficient, and timely manner. c. the cost of the product. d. all of these choices.