An effective supervisor is selective in delegating certain tasks
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A variable cost system is an accounting system where standards are set for each manufacturing cost element
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A capital lease is accounted for as if the asset has been purchased
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To minimize legal problems in the event a spousal death, many people open their checking accounts as tenants in common
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Rainbow Inc. has expected sales of $200,000 a month. Rainbow's cash sales are 10% of total sales and the remaining 90 percent pay on credit, of which 20% take advantage of a discount and rest pay during the following month. If Rainbow's credit policy is 2/10 net 30, the amount of discount offered by Rainbow is _____.?
A. ?$850. B. ?$720. C. ?$560. D. ?$485. E. ?$900.