C. A board of directors :)
Answer:
The answers are:
- Cr Accounts receivable $4,000
- Dr $3,332 Cash
- Dr $68 Sales discount
- Dr $600 returned merchandise (damaged)
Explanation:
The credit terms of 2/10, n/30 means that if Hannah Company pays within ten days, they will get a 2% discount, or they have thirty days to pay the full receipt.
Hannah's check should be for:
($4,000 - $600) x 0.98% = $3,400 x 0.98% = $3,332
Arter Company should record the following entries:
Cr Accounts receivable $4,000
Dr $3,332 Cash
Dr $68 Sales discount
Dr $600 returned merchandise (damaged)
Interest
Interest is the monetary charge for borrowing money—generally expressed as a percentage, such as an annual percentage rate (APR). Key factors affecting interest rates include inflation rate, length of time the money is borrowed, liquidity, and risk of default. Interest can also express ownership in a company.
Answer:
the common fixed expense is $300,000
Explanation:
The computation of the common fixed expense is shown below:
Common Fixed Expenes = Office Administrative Assistant + Office Administrative Assistant + President's Salary
= $70,000 + $47,000 + $183,000
= $300,000
hence, the common fixed expense is $300,000
Answer:
a.how a company treats employees
b. how a company treats consumers
c. whether a company obeys the law
e. whether a company respects the community
f. whether a company respects the environment
Business ethics refer to an area of study involving proper business policies and practices. Generally, the laws governing companies help them form a framework to adhere to in order to gain acceptance from society.
Hence, the way in which a company treats its employees and customers, its compliance with the laws of the land, and the way it acknowledges its responsibility to the community and environment are some of the factors that determine business ethics.
