Jeannine Coulson is the owner of a book store. During the year she made withdrawals of cash totaling $9,000. What accounts are debited and credited to close the owner's drawing account?
What will be an ideal response?
Debit Jeannine Coulson, Capital; credit Jeannine Coulson, Drawing
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A successful differentiation strategy increases rivalry since buyers become more price-sensitive.
Answer the following statement true (T) or false (F)
A paragraph-style data analysis pertaining to the impact of inflation on purchasing habits will be clearer to a reader than a table, graph, or picture
Indicate whether the statement is true or false
Xi-Tech, Inc. is considering the introduction of a new music player with the following price and cost characteristics:Sales price$125eachVariable costs 75eachFixed costs 180,000per yearRequired:(a) How many units must Xi-Tech sell to break even?(b) How many units must Xi-Tech sell to make an operating profit of $120,000 for the year?(c) If projected sales are 7,500 units, what is the margin of safety in units?
What will be an ideal response?
A common type of swap transaction in the foreign exchange market is the ________ where the dealer buys the currency in the spot market and sells the same amount back to the same bank in the forward market
A) "forward against spot" B) "forspot" C) "repurchase agreement" D) "spot against forward"