The provision that allows a person to select the premium payment mode, settlement options, borrow cash values that have accumulated or cancel the policy is known as

Fashion Jewelers uses the perpetual inventory system. On April 2, Fashion sold goods with a cost of $5,000 for $10,000 with terms of 4/15, n/30. On April 4, the customer reported damaged goods and Fashion granted a $2,000 sales allowance

On April 10, Fashion received the payment for the sale. Give the journal entry that will be recorded on April 10 by Fashion. A) Cash 7,680 Sales Discount 320 Accounts Receivable 8,000 B) Cash 8,000 Accounts Receivable 8,000 C) Accounts Receivable 8,000 Sales 8,000 D) Cash 8,000 Sales Discount 320 Accounts Receivable 7,680

The Internet has changed the world. Web 1.0:

A) transformed traditional retailing by selling goods and services over the Internet B) offered consumers a way to communicate with each other through e-mail C) creates online communities that connect buyers and sellers in new ways D) provided businesses with an opportunity to save money