The replacement of older products by newer improved ones is called

On January 15, Ayayai Corp. sells merchandise on account to Martinez Associates for $7000 with terms 1/10, n/30. On January 20, Martinez returns merchandise worth $900 to Ayayai. On January 24, payment is received from Martinez for the balance due.

Flowrider is an indoor surfing wave company. In order to expand its customer base and bring more surfers into the pools and facilities that offer Flowrider experiences, Flowrider decides it needs to offer a short-term incentive for people to stop by

On June 1, Davis Inc. issued an $84,000, 5%, 120-day note payable to Garcia Company. Assume that the fiscal year of Garcia ends June 30.

Accountants prefer the variable costing method over absorption costing method for evaluating the performance of a company because select one: a. by using the absorption costing method, income could appear to be higher by producing more inventory. b.

During the first week of January, an employee works 45 hours. For this company, workers earn 150% of their regular rate for hours in excess of 40 per week.

On January 2, year 5 Ral Co. leased land and a building from an unrelated lessor for a 10-year term. The lease has a renewal option for an additional 10 years, but Ral has not reached a decision with regard to the renewal option.

Kate calls her broker to purchase 200 shares of IBM. The broker tells her that the price of a share is currently $90. Kate decides that she isn't willing to pay more than $88. What type of order will she put in?

Wilfred Nadeau owns 300 shares of Consolidated Glue. The company's board of directors recently declared a cash dividend of 45 cents a share payable April 18 (a Wednesday) to shareholders of record on March 22 (a Thursday). a.

Tim owes Visa $800 on a credit card bill. Visa purchased a fire insurance policy covering Tim's home. If Tim's home is destroyed by fire, how much will Visa be able to collect from the Insurer?

General Mills conducted focus groups to collect and interpret data to gain insights into customer preferences and loyalty. Which best describes the process General Mills has used? A. Determining the research design B.