The term "3/10, net 30" means that a 3 percent discount off the face value of the invoice is allowed if the invoice is paid within 10 days, and that otherwise the full face value is due within 30 days.
Answer the following statement true (T) or false (F)
True
The term "3/10, net 30" means the buyer can take a 3 percent discount off the face value of the invoice if the invoice is paid within 10 days. If not taken, an interest charge will be added after the 30-day free-credit period.
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Barnes and Noble lost its market share in book retailing to Amazon. It tried to regain market share by offering a similar electronic reader, the Nook, to the Amazon Kindle series. This demonstrates that Barnes and Noble lacked
A. a company-wide strategy. B. a sustainable competitive advantage. C. good suppliers. D. a short-term strategy.
Organizational models that integrate content and process ______.
A. help address the what of organization change B. help address the how of organization change C. help address both the what and how of organization change D. help address the unanticipated aspects of organization change
Explain the difference between marketing research and marketing information systems.
What will be an ideal response?
Albatross Corporation acquired land for investment purposes in 2002 at a cost of $100,000 . Albatross sold the land to Monty on December 30, 2016, and did not elect out of the installment method of accounting. The selling price of the property was
$400,000 . Monty made a cash down payment of $50,000 on the date of sale and executed a $350,000 note, payable in seven annual installments of $50,000 each plus interest at the rate of 6% per annum. The first installment of $50,000 was due in 2017 which Monty paid, plus interest of $21,000 . Discuss the effect of this sale on Albatross's taxable income and its E & P account in 2016 and 2017.