Landon Jewelers uses the perpetual inventory system. On April 2, Landon sold merchandise with a cost of $3,500 for $8,000 to a customer on account with terms of 1/15, n/30. The journal entry to record the cost of goods sold would be:

A company is considering an iron ore extraction project that requires an initial investment of $512,000 and will yield annual cash inflows of $156,000 for four years

The company's discount rate is 9%. What is the NPV of the project? Present value of an ordinary annuity of $1: 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 4 3.312 3.24 3.17 5 3.993 3.89 3.791 6 4.623 4.486 4.355 7 5.206 5.033 4.868 8 5.747 5.535 5.335 9 6.247 5.995 5.759 10 6.71 6.418 6.145 A) $6,560 B) $(102,400 ) C) $102,400 D) $(6,560 )

The leverage point is how the design of the ad will attract attention or present information to the consumer or business viewing the ad

Indicate whether the statement is true or false