A thorough understanding of this personal finance book qualifies you to become a financial adviser
Indicate whether the statement is true or false.
Answer: FALSE
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What is "level of service" and describe the varying service levels retailers may provide.
What will be an ideal response?
On September 12, Ryan Company sold merchandise in the amount of $7600 to Johnson Company, with credit terms of 2.00/10, n/30. The cost of the items sold is $4900. Johnson uses the periodic inventory system and the net method of accounting for purchases. The journal entry that Johnson will make on September 12 is:
A.
| Purchases | 7448? | |
| Accounts payable | 7448? |
B.
| Merchandise inventory | 7448? | |
| Accounts payable | 7448? |
C.
| Purchases | 7600? | |
| Accounts payable | 7600? |
D.
| Merchandise inventory | 4900? | |
| Accounts payable | 4900? |
E.
| Accounts payable | 7600? | |
| Merchandise inventory | 7600? |
When using the internal rate of return method, the future cash flows are discounted at a rate that makes the net present value equal to
a. assets minus liabilities. b. assets minus owners' equity. c. assets minus (liabilities plus owners' equity). d. zero.
Which of the following statements is true of a virtual private cloud (VPC)?
A) A VPC does not make use of a virtual private network. B) A VPC generally stores an organization's most sensitive data. C) A VPC can be accessed only from within an organization. D) A VPC can be built on a public cloud infrastructure.