If merchandise is sold for $100 with credit terms of 2/10, n/30 and cash is received within the discount period, the journal entry would require a:
a. debit to cash for $98.
b. debit to cash for $100.
c. credit to sales discount for $2.
d. credit to accounts receivable for $98.
a
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When PepsiCo sold its cola syrup to Russia for rubles and agreed to buy Russian vodka at a certain rate for sale in the United States, it was engaged in the form of countertrade known as an offset
Indicate whether the statement is true or false
A narrow mission ______.
a. is more appropriate for small companies b. is better for new companies c. focuses employees d. restricts change
Use the following information to calculate cash received from dividends: Dividends revenue$29,800Dividends receivable, January 1 2,600Dividends receivable, December 31 3,400
A. $29,000. B. $30,600. C. $29,800. D. $32,400. E. $26,400.
John Chilton was fired by his employer after five years of a reduction in staff. He was given severance pay of 8 weeks, as required by the provincial Employment Standards Act
He got a part-time job for three weeks immediately after being fired and has since collected employment insurance. Which of the following is NOT true? A) Chilton is clearly not entitled to any further amount. B) Chilton is entitled to an amount equivalent to the period established by reasonable notice. C) The amount collected in employment insurance must be deducted from the reasonable notice calculation. D) The amount made in part-time employment must be deducted from the reasonable notice calculation. E) Chilton had a duty to mitigate his damages.