A home accessories store buys lamps with a net price of $22,600. The terms of sale are 4/15, n/30. If a partial payment of $10,300 is sent to the wholesaler on the discount date, what is the net amount still due?
A) $21,696.00
B) $11,870.83
C) $12,712.00
D) $11,808.00
B
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Kyle wants to buy a six-passenger car. The salesperson tells him that the two-seat sports car Kyle sees on the car lot would be just perfect for six people. Kyle test drives the car and then buys it. In this case:
A) Kyle has a valid cause of action for fraud. B) Kyle was not justified in relying upon the salesperson's representation that the car would seat six people. C) the element of scienter is missing. D) the salesperson is a fiduciary.
The July contribution format income statement of Doxtater Corporation appears below: Sales$564,400Variable expenses 312,800Contribution margin 251,600Fixed expenses 193,800Net operating income$57,800 The degree of operating leverage is closest to:
A. 0.23 B. 0.10 C. 9.76 D. 4.35
Which of the following prohibits advertising for male or female employees in help-wanted notices (apart from a few exceptions) or maintaining separate seniority lists for male and female employees??
A) ?Bona fide occupational qualification (BFOQ) B) ?Section 703 C) ?Equal Pay Act D) ?The Bennett Amendment
RollerQueens Inc., a calendar-year accrual method taxpayer, enters into a contract each September with a cleaning service to clean the arena after each game during the team's October through March season. Under the criteria of the economic performance test, the RollerQueens Inc.'s deduction for cleaning expense
A. must be amortized over the contract period. B. is allowed in full in the year RollerQueens Inc. and the cleaning service enter into the contract. C. is not allowed until payment is made. D. is not allowed until the cleaning service contract is fully satisfied in the following year.