The value proposition is also known as the core positioning of the offering
Indicate whether the statement is true or false
FALSE
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The maturity value of a 60-day, 9 percent, $4,000 note receivable is
A) $3,940.66. B) $3,641.78. C) $4,059.18 D) $4,360.24.
On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the perpetual inventory system and the gross method of accounting for sales. Babson pays the invoice on March 17, and takes the appropriate discount. The journal entry that Klein makes on March 17 is:
A.
| Cash | 7,644 | |
| Sales discounts | 156 | |
| Accounts receivable | 7,800 |
B.
| Cash | 7,800 | |
| Accounts receivable | 7,800 |
C.
| Cash | 7,644 | |
| Accounts receivable | 7,644 |
D.
| Cash | 4,410 | |
| Sales discounts | 90 | |
| Accounts receivable | 4,500 |
E.
| Cash | 4,500 | |
| Accounts receivable | 4,500 |
Which retail assortment strategy is utilized by a convenience store?
a. wide and deep b. deep and shallow c. narrow and shallow d. narrow and deep
Malcolm Obrien was asked by Theresa Cho to be a director of her company. Malcolm agreed, but apart from accepting the title of director he had no idea what was going on in the business. There were never any formal board of directors meetings
The business went bankrupt and Revenue Canada sued Malcolm for $10,000 for income tax withheld by the company from employee wages but not remitted. The money was used to try to keep the business afloat. The employees are also suing for five months' unpaid wages. Which of the following is true? A) Malcolm is not liable for either claim as he had no involvement with the business. B) Malcolm is not liable for the Revenue Canada claim as he didn't receive any of the money personally. C) Malcolm is liable for the wage claim D) Malcolm is liable for the Revenue Canada claim. E) Both C and D