Which of these best describes credit?

A. the money spent out of a checking account

B. the promise of future payment

C. the money earned by working full time

D. the goods owned by one party

Hill Company uses job-order costing. At the end of the month, the following data was gathered: Job # Total Cost Complete? Sold?

All of Pocast Corporation's sales are on account. Sixty percent of the credit sales are collected in the month of sale, 30% in the month following sale, and 10% in the second month following sale.

An analytical technique used by management to focus attention on the most significant variances and give less attention to the areas where performance is reasonably close to standard is known as: Multiple Choice Management by objectives.

The Old World Café's cash register receipts showed total sales of $884. The cash equaled $534, and the credit card slips equaled $237. How much of the sales are not accounted for? What might explain the difference?

Barb, a single mother of five children, chooses to go to Payless Shoes to purchase her children's shoes rather than shopping at Zappos. This is an example of which of Porter's Five Forces?

You observe a portfolio for five years and determine that its average return is 12.5 % and the standard deviation of its returns in 19.5 %. Would a 30% loss next year be outside the 95% confidence interval for this portfolio?

Pronghorn Company's income statement for the year ended December 31, 2020, contained the following condensed information.

Why would firms that rely heavily on credit sales find factoring attractive?

Many cooks view butter and margarine to be substitutes. if the price of butter rises, then in the market for margarine:

Last year, Richmon Company produced 10,000 units and sold 6,000 units at a price of $20. Costs for the last year were as follows: Direct materials $30,000 Direct labor 38,000 Variable factory overhead 8,000 Fixed factory overhead 40,000 Variable