The concept of democracy is based on the belief that each individual has the right and duty to fully participate in social and political decision making.
Answer the following statement true (T) or false (F)
True
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Floors, Inc offers terms of 2/10, n/30 to credit customers. Tile Magic Corp purchased 100 tile cutters with a list price of $20 each on August 5, 2015, on account. If Tile Magic Corp pays the amount of the invoice for its purchase on August 14, 2015, how much cash will Floors receive from Tile Magic Corp?
a. $1,764 b. $1,800 c. $1,960 d. $2,000
Jonathon, age 50 and in good health, withdrew $6,000 from his pension plan during the current year. The withdrawal was not eligible for any exception to the 10% penalty. Jonathon had made $40,000 of after-tax contributions to the plan while his employer had contributed $80,000. In addition to relevant income taxes, how much penalty must Jonathon pay?
A. $400 B. $200 C. $600 D. $0
One trend that is becoming clear in purchasing, logistics, and support activities is the shift away from hierarchical structures toward _____ structures
a. vertical b. horizontal c. network d. bottom-up
The statement of cash flows relies on a fundamental principle of double-entry bookkeeping; namely, the change in the cash balance must equal the change in total liabilities and stockholders' equity.
Answer the following statement true (T) or false (F)