In ________ sampling, we divide the population into mutually exclusive groups and randomly sample from each of these groups

A) stratified
B) cluster
C) probability
D) simple random

A

Business

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A company using the perpetual inventory system purchased inventory worth $550,000 on account with credit terms of 2/15, n/45. Defective inventory of $70,000 was returned 3 days later, and the accounts were appropriately adjusted

If the company paid the invoice 25 days later, the journal entry to record the payment would be ________. A) $550,000 debit to Accounts Payable and $550,000 credit to Cash B) $480,000 debit to Accounts Payable and $480,000 credit to Cash C) $550,000 debit to Accounts Payable, $540,400 credit to Cash, and $9,600 credit to Merchandise Inventory D) $540,400 debit to Accounts Payable, $9,600 credit to Merchandise Inventory, and $480,000 credit to Cash

Business

When brand equity is measured using a comparison of a branded product to the same product without a brand name, such as a private label, the method is:

A) financial value B) market value C) revenue premium D) consumer value

Business