Clancy co. accepted a two-year noninterest-bearing note for $1,166,400 on january 1, 2020. the note was accepted as payment for merchandise with a fair value of $1,000,000. the effective interest rate is 8%.the cash collection on december 31, 2021, would be recorded

True or false: the student with this role should never submit an asking price of less than $10.50.

Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock

Mr. drucker uses a periodic review system to manage the inventory in his dry goods store. he likes to maintain 15 sacks of sugar on his shelves based on the annual demand figure of 225 sacks. it costs $2 to place an order for sugar and costs $1 to hold a sack in inventory for a year. mr. drucker checks inventory one day and notes that he is down to 9 sacks; how much should he order?