During 2014, which was the first year of operations, oswald company had merchandise purchases of $985,000 before cash discounts. all purchases were made on terms of 2/10, n/30. three-fourths of the items purchased were paid for within 10 days of purchase. all of the goods available had been sold at year end. which of the following recording procedures would result in the highest cost of goods sold for 2014? 1) recording purchases at gross amounts2) recording purchases at net amounts, with the amount of discounts not taken shown under "other expenses" in the income statementa. 1b. 2c. either 1 or 2 will result in the same cost of goods sold. d. cannot be determined from the information provided.

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)

In order to be thoughtful about the implementation of security policies and controls, leaders must balance the need to reduce with the impact to the business operations. doing so could mean phasing security controls in over time or be as simple as aligning security implementation with the business’s training events.

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive