A sales invoice of $200 has terms of 3/10, n/30 . The amount of the discount would be $6
Indicate whether the statement is true or false
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Mission statements typically remain unchanged throughout the life of an organization
Indicate whether the statement is true or false
You should ______________ wordy phrases
a. avoid b. capitalize on c. often use d. repeat
Cardoza Construction Materials Company has a sales office that sells concrete culvert pipes to property developers
The sales office is a revenue center and prepares a monthly responsibility report. The following information is provided. Revenue Center Responsibility Report Product Type Actual Sales Revenue Flexible Budget Variance U/F Flexible Budget Sales Volume Variance U/F Static Budget 40 inch $31,500 $30,750 $40,600 36 inch long 40,150 42,100 33,000 36 inch short 36,100 33,200 31,000 32 inch 19,100 20,300 28,450 What is the sales volume variance for the 36-inch long pipe? A) $1,950 U B) $9,100 F C) $9,850 U D) $750 F
A dividend payable in stock (a stock dividend)
A) is better than a cash dividend because you receive more shares of stock. B) is usually associated with a company in bankruptcy. C) has little impact on your net worth; although you receive additional shares, the market value of each share you own decreases. D) allows you to exchange shares of common stock for shares of preferred stock.