Answer: a. $56925 ; b. Account payable
Explanation:
a. If Hoffman Company pays the invoice within the discount period, what is the amount of cash required for the payment?
Purchase invoice = $65000
Less: Return = ($7500)
Net Purchase Invoice = $57500
Less: Discount = $57500 × 1% = $575
Cash received = $56925
b. What account is debited by Hoffman Company to record the return?
The account that is debited by Hoffman Company to record the return is the account payable.
Answer:
A. Intrinsic value is 0. Time value is 1.35.
B. 1.35
C. -4.65
Explanation:
One way a magazine can sustain reader interest which are alternating is to take advantage of outside partnership from other print medias.
<h3>What is Reader Interest?</h3>
This refers to the level of interest a group of readers have for a particular written literature and whether they have low or high reception to the written work.
Hence, we can see that based on the fact that a magazine is periodical, it is possible to enter a partnership with another print media who has no such limits to a publisher's title to publish and hence, maintain reader's interest.
Read more about reader's interest here:
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Answer:
The correct answer is C) negligent hiring
.
Explanation:
In the United States, negligent hiring is a type of lawsuit made by an injured party against an employer, based on the theory that the employer knew or should know the background of their employee. Background checks (of all kinds, physical and especially criminal and drug use) are some of the ways in which companies prevent themselves from this type of lawsuit.
Money in the United States of America is essentially a debt of: the Federal Reserve System and the banks.
<h3>What is the Federal Reserve System?</h3>
The Federal Reserve System is also referred to as the "Fed" and it was enacted into law by the Federal Reserve Act on the 23rd of December, 1913 by the U.S Congress. Also, it is just like all central banks and as such, it's considered as a United States government agency.
Basically, all the money in the economy of the United States of America is essentially a debt of the Federal Reserve System and all the chartered banks.
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