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Problem 1: Company X sells P400 of merchandise on account to Company Y with credit terms of 2/10, n/30. If Company Y remits a check taking advantage of the discount offered, what is the amount of Company Y's check?
A) P360 B) P392 C) P280 D) P320
What can you conclude about the company's operating expenses and why? What are some positives and what might concern you and why?
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Ying, age 15, is a dependent of her parents, who are in the 28% income tax bracket. Ying has the following income for the current year: $4,300 wages from a part time job; $3,000 interest income from a corporate bonds that she owns, and $1200 short-te..
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