Suppose that the financial ratios of a potential borrowing firm took the following values: X1 = 0.30 X2 = 0 X3 = -0.30 X4 = 0.15 X5 = 2.1 Altman's discriminant function takes the form: Z = 1.2 X1+ 1.4 X2 + 3.3 X3 + 0.6 X4 + 1.0 X5 The Z score for the firm would be

Owens Jewelers uses the perpetual inventory system. On April 2, Owens sold merchandise with a cost of $2,500 for $7,000 to a customer on account with terms of 2/15, n/30. Which of the following journal entries correctly records the sales revenue?

A) Sales Revenue 7,000 Accounts Receivable 7,000 B) Sales Revenue 7,000 Cost of Goods Sold 7,000 C) Accounts Receivable 2,500 Sales Revenue 2,500 D) Accounts Receivable 7,000 Sales Revenue 7,000

Over-engineered products will contain features that customers do not need or want

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