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Problem 1: Performing services for a customer on account would result in:
Option 1: An increase in Cash and a decrease in Accounts Receivable
Option 2: An increase in Accounts Receivable and an increase in Unearned Revenue
Option 3: An increase in Accounts Receivable and an increase in Service Revenue
Option 4: A decrease in Accounts Payable and a decrease in Service Revenue
Problem 2: Stylish Clothiers buys shirts for $25 and sells them for $40.
The company has fixed costs of $12,000 per month.
Calculate the monthly break-even point in units.
Option 1: 300
Option 2: 480
Option 3: 250
Option 4: 800
Equal amounts paid at the end of each month. If the appropriate rate you choose is an EAR of 7 percent, what is the size of the settlement?
A willingness to study the information with reasonable diligence'. This statement is consistent with the qualitative characteristic of
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