Finney & Company purchased $1,800 of merchandise on May 6. The terms were 2/15 EOM. The sneakers were received on May 20, sent F.O.B. shipping point. Freight charges amounted to $45. a. What is the discount date? b. What payment must be made by that date to take advantage of the discount?
a. June 15
b. $1,809
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Ponzi Corporation Ponzi Corporation reported the following information for the year ended December 31, 2012. Net income $100,000 Dividends 6,000 Retained earnings at December 31, 2012 $120,000 Refer to the information provided above for Ponzi Corporation. What was the balance of retained earnings at January 1, 2012?
A) $ 21,000 B) $ 26,000 C) $106,000 D) $214,000
To be valid, a gift must be made in writing
Indicate whether the statement is true or false
Dian, a clerk at an Entertainment Unlimited store, takes a video game player from the store without permission. Dian is liable for
A. appropriation. B. conversion. C. disparagement of property. D. wrongful interference with a business relationship.
A restrictive indorsement specifies the purpose of the indorsement or the use to be made of the paper
Indicate whether the statement is true or false