Author Question: Johnson, Inc has just ended the calendar year making a sale in the amount of 10,000 of merchandise ... (Read 27 times)

james9437

  • Hero Member
  • *****
  • Posts: 568
Johnson, Inc has just ended the calendar year making a sale in the amount of 10,000 of merchandise purchased during the year at a total cost of 7,000.
 
  Although the firm paid in full for the merchandise during the year, it is yet to collect at year end from the customer. The net profit and cash flow from this sale for the year are ________.
  A) 3,000 and 10,000, respectively
  B) 3,000 and -7,000, respectively
  C) 7,000 and -3,000, respectively
  D) 3,000 and 7,000, respectively

Question 2

Changes in risk aversion, and therefore shifts in the SML, result from changing tastes and preferences of investors, which generally result from various economic, political, and social events.
 
  Indicate whether the statement is true or false



Briannahope

  • Sr. Member
  • ****
  • Posts: 364
Answer to Question 1

B

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

For a complete list of videos, visit our video library