This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume the gross amount of an invoice is 100 and a discount of 20 is allowed. The net amount is a. ... (Read 251 times)

future617RT

  • Hero Member
  • *****
  • Posts: 543
on: Jul 5, 2018
Assume the gross amount of an invoice is 100 and a discount of 20 is allowed. The net amount is
 a. 65.
   b. 80.
   c. 20.
   d. 40.

Question 2

In a time of rising prices, the main reason a company would choose to use FIFO is to save on income taxes.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

paavo

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

FALSE


future617RT

  • Member
  • Posts: 543
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Daniel Burnham’s Flatiron Building (1902) was one of the first to use steel girders to hold up the b Daniel Burnham’s Flatiron Building (1902) was one of the first to use steel girders to hold up the b
Gross pay calculation. Gross pay calculation.
Instruct the patient to use an applicator to apply a small amount of stool in the appropriate boxes ... Instruct the patient to use an applicator to apply a small amount of stool in the appropriate boxes ...
A demonstration engine showing the amount of water that can be circulated through the cooling ... A demonstration engine showing the amount of water that can be circulated through the cooling ...
This mini clamp-on DMM is being used to measure the amount of battery electrical drain that is ... This mini clamp-on DMM is being used to measure the amount of battery electrical drain that is ...
The amount of genetic variation within populations is far greater than the variation between populat The amount of genetic variation within populations is far greater than the variation between populat
Video: Genetics of Cancer

For a complete list of videos, visit our video library