Adidea Corp. purchased 500 units of merchandise at $15 per unit from a vendor. It pays 50 percent of its purchase with cash and puts the rest on credit. How will the company record this transaction, assuming it uses a perpetual system?

When should a firm relax its credit standards? a. when sales are expected to increase b. when costs are expected to decrease c. when costs are expected to increase faster than sales if the standards are not relaxed d.

A new generation of lunch trucks in cities such as New York, San Francisco, and Los Angeles is serving high-end fare such as hamburgers made from grass-fed cattle, escargot, and crème brulee, at less expensive prices than sit-down restaurants.

Consuming goods and services in the process of generating revenues results in expenses. a. True b. False

Larson Company on July 15 sells merchandise on account to Stuart Co. for $1,000, terms 2/10, n/30. On July 20 Stuart Co. returns merchandise worth $400 to Larson Company. On July 24 payment is received from Stuart Co. for the balance due.

The drivers that explain changes in costs as units produced change are called: a. activity based cost drivers b. unit-level drivers c. non-unit-level drivers d. All of these choices are correct.

6 If you are a driver under 21 with a breath or blood alcohol level of. 05 or higher you will be required to:

Why do you think companies felt that unions were "conspiracies that interfere with property rights"?

When Ernesto needed to learn what his employees really think about his company's new pension plan, he approached Vonnie, a long-time secretary in the legal department with contacts throughout the organization.

2. How interest rate changes affect present and future value Suppose you deposit $300 today into a bank account with a variable interest rate and will receive a payment in one year.

The definition of manager has three components. Which one below is not one of them? a. A manager is always responsible for contribution b. Managers always get something done through other people c.