1. $7,000 of merchandise inventory was ordered on September 2, 2009 2. $3,000 of this merchandise was received on September 5, 2009 3. On September 6, 2009, an invoice dated September 4, 2009, with terms of 3/10, net 30 for $3,250 which included a $250 prepaid freight cost, was received. 4. On September 10, 2009, $800 of the merchandise was returned to the seller. Based on the above information,
what would be recorded as purchases discount if the invoice is paid within the discount period?
A) $73.50
B) $90.00
C) $210.00
D) $66.00
D
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Which of the following causes an upward shift in aggregate demand?
A. An increase in the aggregate price level B. An increase in government spending C. A sudden fall in productivity D. A rise in the demand for money
Which of the following items is included on a statement of cash flows as a noncash exchange?
a. Depreciation b. Issuance (sale) of common stock c. Purchase of treasury stock d. Retirement of long-term debt by issuance of preferred stock
Answer the following statement(s) true (T) or false (F)
1. One of the advantages of leasing an automobile is that monthly lease payments are usually less than monthly financing payments. 2. Leasing is always a better way to finance a car than purchasing the car. 3. A new car depreciates in value about 50 percent during the first two years of operation. 4. Buying stock on the New York Stock Exchange is a speculative risk. 5. Only speculative risks can be insured.
Define manufacturing cycle time
What will be an ideal response?