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Yasmena Mawled
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Journalize the following transactions for Armour Inc. using both the periodic inventory system and the perpetual inventory system, presented in the side-by-side format of the form provided below.Oct.7 Sold $1,200 of merchandise on credit to Rondo Distributors, terms n/30; the cost of the merchandise was $720.Oct. 8 Purchased merchandise, $10,000; terms FOB shipping point and 2/15, n/30; with prepaid freight charges of $525 added to the invoice. 
On Aug 01, 2024
YM
Answered
When the Fed purchases securities on the open market,the securities it buys are
A) common stock of United States corporations.
B) corporate bonds.
C) securities issued by state governments.
D) securities issued by the federal government.
E) All of the choices are true.
A) common stock of United States corporations.
B) corporate bonds.
C) securities issued by state governments.
D) securities issued by the federal government.
E) All of the choices are true.
On Jul 29, 2024
D
YM
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Explain the role that consumers play in perpetuating discrimination in labor markets.
On Jul 02, 2024
Consumers are able to exercise their biases when they purchase goods and services. For example, if consumers prefer to have female personal trainers than male personal trainers, then firms may respond to these preferences by paying a higher wage to attract female personal trainers. The higher wage paid to women based solely on their gender (or the lower wage paid to male trainers based solely on their gender) would be an example of discrimination driven by consumer preferences.
YM
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"Partnership property" is the sum of the partnership's assets, including all property acquired by a partnership.
On Jun 29, 2024
True
YM
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The strategy of establishing a price that prevents the entry of new firms is called
A) cartel pricing.
B) limit pricing.
C) price leadership.
D) profit maximizing price.
A) cartel pricing.
B) limit pricing.
C) price leadership.
D) profit maximizing price.
On Jun 02, 2024
B
YM
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The declining-balance method of computing depreciation expense involves multiplying a _______________ book value by a _______________ percentage.
On May 30, 2024
declining constant
YM
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Record the following transactions for Oyster Corp. using the general journal form provided below. Assume Oyster Corp. uses the gross method of recording sales discounts. Omit transaction descriptions from the entries. 
On May 02, 2024
YM
Answered
The ________ is an attempt by the federal government to reduce the use of unsolicited commercial e-mails on the Internet.
A) Can Spam Act
B) Mail and Telephone Order Rule
C) Truth-in-Mailing Act
D) Anti-Slamming Law
A) Can Spam Act
B) Mail and Telephone Order Rule
C) Truth-in-Mailing Act
D) Anti-Slamming Law
On Apr 29, 2024
A