Accounts payable, wages payable, and notes payable are all:
a. assets
b. liabilities
c. owners equity
d. ledgers
e. journals
c. owners equity
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2/10/net 30 means a 2 percent discount will be given if the full bill is paid in 10 days; the full bill is due in 30 days
Indicate whether the statement is true or false
Supply costs at Coulthard Corporation's chain of gyms are listed below: Client-Visits Supply CostMarch12,855 $23,598April12,283 $23,278May13,104 $23,742June12,850 $23,607July12,493 $23,415August12,794 $23,562September12,686 $23,496October12,765 $23,541November13,018 $23,687Management believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixed components of this cost. Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are closest to: (Round your intermediate calculations to 2 decimal places.)
A. $0.55 per client-visit; $16,579 per month B. $0.57 per client-visit; $16,273 per month C. $1.85 per client-visit; $23,547 per month D. $1.77 per client-visit; $557 per month
An acceptance sampling plan's ability to discriminate between low quality lots and high quality lots is described by:
A) a Gantt chart. B) the Central Limit Theorem. C) a process control chart. D) an operating characteristic curve. E) a range chart.
A new medication to eliminate fungal growths on people's toenails may have a slow rate of adoption because it is not a highly visible item in homes. Also, this item is not often discussed among friends and coworkers. This is an example of how the characteristic of _____ can work to slow the adoption process.
A. relative advantage B. observability C. trialability D. complexity E. compatibility