A weary traveler shows up at a hotel desk at midnight without a reservation. The desk clerk informs him that there is a room available, but sadly it is marked up 80% higher than the usual price. This is an example of promotional pricing.

Crane Company sells merchandise on account for $6000 to Blossom Company with credit terms of 1/10, n/30. Block Company returns $1400 of merchandise that was damaged, along with a check to settle the account within the discount period.

Net income was $475,000. Issued common stock for $72,000 cash. Paid cash dividend of $14,000. Paid $105,000 cash to settle a note payable at its $105,000 maturity value. Paid $124,000 cash to acquire its treasury stock.

Cosimo Enterprises issues a $260,000, 45-day, 5% note to Dixon Industries for merchandise inventory. Assume a 360-day year. For a compound transaction, if an amount box does not require an entry, leave it blank.

You want to buy a $300,000 home. You have $30,000 as a down payment. Therefore, buying the house will require you to take out a $270,000 mortgage. If you pay $1,262.

A monopolist faces a demand curve given by: P = 105 - 3Q, where P is the price of the good and Q is the quantity demanded. The marginal cost of production is constant and is equal to $15. There are no fixed costs of production.

Is there anything that you find particularly impressive about southwest airlines?

All of the following are true of the effect of fair value accounting on the financial statements except a. changes in the fair value of trading securities are recognized on the income statement b.

Are morality & ethics the same thing?

Canliss Mining Company borrowed money from a local bank. The note the company signed requires five annual installment payments of $10,000 not due for three years. The interest rate on the note is 7%.

John recently accepted a job in the marketing department with the burbank bagel boys. after just a few days on the job, john learned that the company has many layers of management, and seems to have a rule to cover almost every situation.