Safety Window and Door Co. buys on terms of 2/15, net 60 days. It does not take discounts, and it typically pays on time, 60 days after the invoice date. Net purchases amount to $450,000 per year. On average, how much "free" trade credit does the firm receive during the year? (Assume a 365-day year, and note that purchases are net of discounts.)
A. $18,493
B. $19,418
C. $20,389
D. $21,408
E. $22,479
Answer: A
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If few citizens of Seattle seek permission for the use of loudspeakers for providing public speeches in a residential neighborhood, the government can impose reasonable restrictions on the time, place, or manner of its use if the restriction applies equally to all types of expression.
Answer the following statement true (T) or false (F)
Many of the same Asian countries that are major exporters to the United States are also significant importers of American goods because of all of the following reasons except
A. their rising standards of living enable their people to afford more imported products. B. their governments have sent buying missions to the United States to look for products to import. C. they prefer to deal with the U.S. democratic system than the political systems of Europe. D. they are importing raw materials and components that will be assembled and subsequently be exported, often to the U.S. E. they are purchasing large amounts of capital goods to further their industrial expansion.
Techno Talent & Personnel, Inc, is a corporation. Techno Talent's implied powers enable it to A) none of the choices
B) depart significantly from traditional corporate formalities. C) bind the corporation to an action that will greatly affect its purpose. D) borrow funds and lend funds.
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A. $1500. B. $900. C. $3500. D. $4100.