What would be the appropriate journal entry
A company purchased merchandise inventory at a cost of $4,300 with credit terms 3/15, net 45. If the company elects to pay within the discount period, what would be the appropriate journal entry?
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How to calculate the maturity risk premium for a 2 year security where the real risk free rate is 3% and inflation is 3% over next 2 years on a 2 year treasury security yielding 2%.
Which one of the following terms is best defined as the doctrine that assures that a promise will be binding as, otherwise, an offeree would be harmed by relying on the promise made?
During 2008 Bonzi refinanced its long term debt. It spent $160,000 to retire long term debt in two years and issued a $200,000 of 15 year bonds at par.
Andretti Company has a single product called a Dak. The company normally produces and sells 78,000 Daks each year at a selling price of $53 per unit.
A controversy has developed between the partners of the two service lines as to who is contributing the greater amount to the bottom line.
Can anyone explain me what effects gross profit and cost of goods sold, and why is this number so important. How it is used for decision making. Please make sure to use your own words.
Lindex Company uses a process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 50,000 90% 60%
If faced with a situation wherein you are told "to make the numbers," what strategies or techniques might you follow in order to continue employment at the organization?
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