McClan Paving buys asphalt with a list price of $17,000. If the supplier extends trade discounts of 42/22/11, find the net price using the complement method
A) $3,100.25
B) $6,844.20
C) $4,976.37
D) $,5900.25
B
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In June 2016, Goslyn Corporation issued a three-year non-interest-bearing note with a face value of $15,000 and received cash of $11,025.00 in exchange. The difference between the face value and the cash proceeds is accounted for as
A) a premium and amortized over three years by the effective interest method. B) interest expense in the current year. C) a discount and amortized over three years by the effective interest method. D) a discount and amortized over three years by the straight-line method.
Identify each cost below as variable (V), fixed (F), or mixed (M), relative to units sold. Explain the reason for your answer.
Loft Industries sells roof trusses to contractors and builders and is currently looking for honest feedback on its services. However, in the past, most of its efforts to procure feedback from customers did not yield any meaningful data. According to the marketing managers of Loft Industries, feedback was more polite than honest. Which of the following contact methods should Loft Industries most likely use to maximize its chances of receiving honest and impersonal feedback?
A) online focus groups B) telephone interviews C) mail questionnaires D) group interviews E) personal interviews
If you break the law in another country, you may
a. not call anyone other than a lawyer. b. only be tried for a crime according to the laws of your home country. c. ask the consulate for legal, medical, or financial advice. d. ask the consulate to get you out of jail.