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Home Q & A Board Other Fields Homework Help Business Accounting
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emilyhoffman emilyhoffman
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6 years ago
A vendor offers terms of 1/10, n/30. What is the ANNUAL interest rate the vendor is charging a buyer who does not pay within 10 days? (Assume there are 360 days in the year.
 
  A) 1
  B) 36
  C) 18
  D) 54


(Q. 2) Automated business process controls contained within IT systems are called:
 a. preventive controls
  b. pervasive controls
  c. application controls
  d. management controls


(Q. 3) The Retained earnings balance (c.) in Lox Stock & Bagel Company's is ________.
 
  A) the same as the Cash balance
  B) 21,910
  C) 10,910
  D) 11,910


(Q. 4) ____________________ use computers rather than paper checks to complete transactions with the bank.
 Fill in the blank(s) with correct word


(Q. 5) A purchase order establishes an initial record of the receipt of the inventory.
 a. True
  b. False
 
   Indicate whether the statement is true or false


(Q. 6) Which of these is a cash equivalent?
 
  A) U.S. treasury bills that mature in three months or less
  B) a note receivable that matures in six months
  C) a note payable due in three months or less
  D) accounts receivable due in three months or less
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paulina3811paulina3811
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6 years ago
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emilyhoffman Author
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#2
6 years ago
Smiling Face with Open Mouth that's the expression my face made when I got the notification email
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#3
6 years ago
glad I put that smile on your face Happy Dummy
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