The ratio of benefits to costs is one way to think of ________
A) sustainability
B) profits
C) value
D) competitive advantage
E) distinctive competency
C
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What situations are not conducive to database marketing?
What will be an ideal response?
The concept of a deficiency judgment applies to:
A) Secured debt only. B) Unsecured debt only. C) Both secured and unsecured debt. D) Neither secured nor unsecured debt.
Juxipi Inc. is well known for having a stronger credit score than its competitors. That is why, buyers are more willing to buy promissory notes from Juxipi than its competitors. Which of the following short-term financing options is being offered by Juxipi Inc. in the given scenario?
A. Short-term bank loans B. Factoring C. Trade credit D. Commercial paper
Meagan Co. has the following errors on its books as of December 31, 2018. The books for 2018 have not yet been closed. a.On January 1, 2016, a truck had been purchased for $28,000. The truck had an estimated life of eight years, but it was expensed in error. Straight-line depreciation with $2,000 salvage value should have been used.b.On January 1, 2017, the company recorded the purchase of a machine in exchange for a four-year, noninterest-bearing note in the amount of $20,000. Interest rates were then 10%, but no recognition was made of that fact. The present value of $1 at 10% for four periods is 0.683013. (Ignore depreciation.)? Required:Prepare journal entries to correct these errors at December 31, 2018. Ignore income taxes.
What will be an ideal response?