Cost centers profit centers and investment centers can all be classified as responsibility centers.

Which statement (s) concerning cash is
(are) true?

A) Cash will always have more debits than credits.
B) Cash will never have a credit balance.
C) Cash is increased by debiting.
D) All of these choices.

In planning for retirement, an investor decides she will save $2,000 every year for 25 years. At a 7% return on her investment, how much money will she have at the end of 25 years?

A) $119,015
B) $125,316
C) $126,498
D) $128,420

Open market operations designed to fight inflation will drive interest rates _____ and bond prices _____.

Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. $$\begin{array}{lrrcr}& \text{ Merchandise }& \begin{array}{c}\text{ Freight Paid by }\\ \text{ Seller }\end{array}& \text{ Freight Terms }& \begin{array}{c}\text{ Returns and }\\ \text{ Allowances }\end{array}\\ \text{ (a) }& \$4,500& \$140& \begin{array}{l}\text{ FOB shipping point, }\\ 2/10,\text{ net }30\end{array}& \$1,200\\ \text{ (b) }& 7,650& \$200& \begin{array}{l}\text{ FOB destination, }\\ 1/10,\text{ net }45\end{array}& 450\end{array}$$

Service businesses provide services for income, while a merchandising business sells merchandise.