Which of the following guidelines for writing messages extending credit is FALSE?
a. The writer should include the credit terms.
b. The writer should include the penalty fee for a late payment.
c. The writer should omit any mention of sales promotion or resale.
d. None of the above is false.
C
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Both U.S. GAAP and IFRS require the disclosure of information about the rights of each type of capital stock outstanding
Indicate whether the statement is true or false
The journal entry a company uses to record the payment of a discounted note is
A) debit Notes Payable and Interest Expense; credit Cash B) debit Notes Payable; credit Cash C) debit Cash; credit Notes Payable D) debit Accounts Payable; credit Cash
Tucker Corp Tucker Corp has the following product information: Sales price $12 per unit Contribution margin ratio 40% Fixed costs $45,000 Refer to the Tucker Corp information above. What is the break-even point in units?
A) 1,500 units. B) 112,500 units. C) 216,000 units. D) 9,375 units.
Laws enacted in response to corporate misdeeds often impose fewer restrictions and costs on business than would have been imposed had firms as a whole acted more responsibly at the outset
a. True b. False Indicate whether the statement is true or false