If aviation fuel is at $2.60 a gallon, what is the price of fuel consumed per hour on a B747?
a. $2,000
b. $6,822
c. $7,163
d. $8,869
D
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On September 12, Vander Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Vander uses the periodic inventory system and the gross method of accounting for sales. On September 14, Jepson returns some of the merchandise. The selling price of the merchandise is $500 and the cost of the merchandise returned is $350. Jepson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Vander makes on September 18 is:
A.
| Cash | 5,684 | |
| Sales discounts | 116 | |
| Accounts receivable | 5,800 |
B.
| Cash | 5,684 | |
| Accounts receivable | 5,684 |
C.
| Cash | 5,194 | |
| Sales discounts | 106 | |
| Accounts receivable | 5,300 |
D.
| Cash | 4,000 | |
| Accounts receivable | 4,000 |
E.
| Cash | 5,800 | |
| Accounts receivable | 5,800 |
Developing countries often create free trade zones where
A) duties and tariffs are imposed as long as production is used primarily for export. B) duties and tariffs are imposed as long as production is used primarily for import. C) duties and tariffs are relaxed as long as production is used primarily for export. D) duties and tariffs are relaxed as long as production is used primarily for import.
Gremlin Media Inc. has realized tremendous growth in recent years. Last year the firm realized an ROE of 41.16%
If the firm was in a 40% marginal tax bracket, had an asset turnover ratio of 2.1, a profit margin of 14%, and a leverage ratio of 2, what was the firm's retention ratio? A) 0.70 B) 1.00 C) 0.50 D) There is not enough information to answer this question.
The expected monetary value (EMV) criterion is sometimes referred to as "playing the averages"
a. True b. False Indicate whether the statement is true or false