The profitability index for a project costing $45,000 and returning $20,000 annually for 5 years at an opportunity cost of capital of 14% is:

A business renders services to a customer for $26,000 on account. Which of the following accounts is debited?

A) Cash B) Accounts Receivable C) Service Revenue D) Accounts Payable

Disclosure of material defects is optional if selling "as is."

a. true b. false