Asago Co sold merchandise to Health Co on account, $18,000, terms 2/15, net 45 . The cost of the merchandise sold is $15,500 . Asago Co issued a credit memo for $1,750 for merchandise returned that originally cost $1,400 . The Health Co paid the invoice within the discount period. What is amount of net sales from the above transactions?
a. $16,250
b. $14,100
c. $15,925
d. $13,818
c
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Prenumbered receiving documents establish the completeness of the population and are useful in determining that all goods are recorded in the correct period
a. True b. False Indicate whether the statement is true or false
Which of the following categories of quality problems is characterized by unsatisfactory performance that causes customer dissatisfaction, such as high levels of defects, service failures, or customer complaints?
a. Unstructured performance problems b. Conformance problems c. Product design problems d. Efficiency problems
A stock has a standard deviation of daily returns of 3 percent. It wants to determine the lower boundary of its probability distribution of returns, based on 1.65 standard deviations from the expected outcome. The stock's expected daily return is .1 percent. The lower boundary is
a. -1.65 percent. b. -3.00 percent c. -4.85 percent. d. -5.05 percent.
Which of the following best illustrates the European or military style date line?
A. 2010, Dec. 10th B. 10 December 2010 C. December 10, 2010 D. Dec. 10th 2010