A small business is much more likely to be involved in strategic planning than a larger one because it is easier for them

Which of the following is the correct journal entry for freight paid on goods purchased by a merchandiser using the periodic inventory system?

A) Purchases XX Accounts Payable XX B) Merchandise Inventory XX Accounts Payable XX C) Freight In XX Cash XX D) Accounts Payable XX Cash XX

A deferred annuity will pay you $500 at the end of each year for 10 years, however the first

payment will not be made until three years from today (payments will be made at the end of years 3 through 12). What amount will you have to deposit today to fund this deferred annuity? Use an 8% discount rate and round your answer to the nearest $100. A) $2,200 B) $3,400 C) $2,400 D) $2,900