Calculate the percentage cost of goods sold by a business if the cost advantage index of the business is 150 and the average percentage cost of goods sold by its top three competitors are 40%, 50%, and 30%, respectively

Which of the following statements, regarding notes receivable, is incorrect?

A) Notes receivable usually have longer terms than accounts receivable. B) A notes receivable is a written promise that a customer will pay a fixed amount of principal plus interest by a certain date in the future. C) All notes receivable are considered long-term assets. D) Notes receivable are sometimes called promissory notes.

Todd purchased 270 shares of stock at $13.25 per share. The commission is 1.5% for round lots and an additional 5% for odd lots. What is the total cost of the transaction?