Jan's Jams makes a credit sale for $300 with terms of 2/10, n/30. The cost of the merchandise is $200. The required journal entry to record the sale and the cost of the sale is:

Lee Sun's has sales of $3,450, total assets of $3,150, and a profit margin of 6 percent. The firm has a total debt ratio of 42 percent. What is the return on equity?

The long run aggregate supply curve is a vertical line. It is so because it has nothing to do with the price level. It is rather determined by availability of economic resources and technology.

When an organization develops integrated manufacturing systems such as advanced 10) manufacturing technology and just-in-time inventory control, it needs to assess the employee skills required to run these systems and train them accordingly.

When you try to lower your price below equilibrium, it will result in a consumer surplus. Why does this occur? A. Lower price causes lower demand. B. Lower price creates a product surplus. C. Greater demand results in buyer remorse. D.

Cramer Corp. issued $20,000,000 of 5-year, 9% bonds at a market (effective) interest rate of 10%, receiving cash of $19,227,757. Interest on the bonds is payable semiannually.

The periodic expense created by allocating the cost of plant and equipment to the periods in which they are used, representing the expense of using the assets, is called: Multiple Choice The expense recognition (matching) principle. A contra account.

April 1 purchased land for $2,160,000. may 1 sold equipment that cost $1,020,000 when purchased on january 1, 2014. the equipment was sold for $612,000.

In Keynes's liquidity preference theory, what variables determine the demand for real money balances? A. The demand for real money balances depends on the interest rate and net exports. B.

Which of the following is NOT one of the strategies incorporated in the Sarbanes-Oxley Act of 2002? (A) Establish compliance programs (B) Establish ethics programs (C) Dictate maximum compensation levels (D) Attain greater board independence

On March 1, 2022, Blossom Company acquired real estate, on which it planned to construct a small office building, by paying $86,000 in cash.