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Net price times single equivalent discount rate equals amount of trade discount. (Points : 2) True False
Weegy: Many businesses offer a credit period of 30 days to ... write "Net 30" or "n/30." This means that the total ... list it as "2/10, n/30." This is a common discount term ... (More)
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Expert Answered
Updated 9/8/2012 1:56:56 PM
1 Answer/Comment
The answer is False.
Added 9/8/2012 1:56:56 PM
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Joe Company in 2006 had sales of $800,000. In 2007 sales were up 75 percent. Calculate the sales for 2007. $140,000 $1,400,000,000 $1,400 $1,400,000 None of these
Weegy: $1,400 is the answer (More)
Question
Expert Answered
Updated 9/8/2012 7:27:20 AM
1 Answer/Comment
$800,000 * 1.75 = $1,400,000
Sales for 2007 are $1,400,000.
Added 9/8/2012 7:27:20 AM
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Prepaid expenses appear in the (Points : 5) Operating Expenses section of the income statement. Other Expenses section of the income statement. Current Assets section of the balance sheet. Current Liabilities section of the balance sheet.
Weegy: Prepaid expenses appear in the Operating Expenses section of the income statement. (More)
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Expert Answered
Updated 9/10/2012 6:28:49 AM
2 Answers/Comments
[Deleted]
Added 9/10/2012 6:28:26 AM
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Deleted by debnjerry
Prepaid expenses appear in the: Current Assets section of the balance sheet.
Added 9/10/2012 6:28:49 AM
This answer has been added to the Weegy Knowledgebase
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