AG Inc. made a $10,000 sale on account with the following terms: 1/15, n/30.

If the company uses the net method to record sales made on credit, how much should be recorded as sales revenue?

a. $ 9,800. b. $ 9,900. c. $10,000. d. $10,100.

One of the most important features of a filing and record keeping system is that it works for you and meets your needs. O True O False

Southern Corp. has a debt-to-equity ratio of 1.75 and total assets of $275 million. Southern is considering issuing another $20 million of debt and another $20 million of equity. What will be Southern's debt-to-equity ratio after the issuance?

Imagine that you borrow $5,000 for one year and at the end of the year you repay the $5,000 plus $600 of interest. If the inflation rate was 4%, what was the real interest rate you paid

Suppose you have just 30/60/40 liability insurance. You hit another motorist (and are at fault because you were texting) and cause $60,000 worth of damage to his 1986 Mustang. Four people were in the car. Their medical bills totaled $102,000.

Which of the following is true regarding the insurance amount in a credit life policy? AThe amount of coverage can be greater than the amount owed. BCreditor can only insure the debtor for the amount owed.

In the current year, Generous University awarded scholarships to graduate students in the amount of $5,000,000. The recipients are not required to provide any services in return for the scholarships. How should the university record the award?

Suppose that in 1984 the total output in a single good economy was 12,000 buckets of chicken. Also assume that in 1984 each bucket of chicken was priced at $16.

European interest in the Middle East intensified after oil was discovered in the region. a. True b. False

What type of marketing channel would Secure Insurance use if it offers its products exclusively through door-to-door salespersons?

Travis is employed in a logistics company. How can he best avoid workplace hazards? A. by staying seated at his desk B. by avoiding hazardous work C. by wearing safety goggles D. by maintaining an uncluttered workplace E.