If we are simply interested in determining whether the market as a whole, such as the S&P 500, is over- or undervalued, then the perpetual constant growth model is reasonable

Cool Surfboards has two departments using the services of the Payroll department. Total

monthly payroll shared cost is $6,000. The Wave Blaster department has 15 employees that make 20 requests of the payroll department a month. The Boogie Break department has 5 employees that make 20 requests of the payroll department a month. Which of the following is TRUE? A) If number of employees is used, Wave Blaster will receive a larger allocation of payroll costs than Boogie Break. B) If number of requests is used, the departments will receive equal allocations of payroll costs. C) Both of the above are correct. D) Neither of the above are correct.

The entry to record payment of a voucher for an invoice within the discount period under the gross method will include:

A) a debit to Purchase Discounts. B) a credit to Purchase Discounts. C) a debit to Cash. D) Both B and C would be in the entry.