If a company employs the gross method of recording accounts receivable from customers, then sales discounts taken should be reported as an item of "other expense" in the income statement. a deduction from sales in the income statement. sales discounts forfeited in the cost of goods sold section of the income statement. a deduction from accounts receivable in determining the accounts receivable amount expected to be collected.

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.

Suppose a jury of 12 people is chosen from the above pool, and this jury hears a case and discusses the verdict; x is the number who think the defendant is guilty.

Suppose that, on the basis of a nation’s production possibilities curve, an economy must sacrifice 10,000 pizzas domestically to get the 1 additional industrial robot it desires but that it can get the robot from another country in exchange for 9,000 pizzas. now consider the following statement: “through international specialization and trade, a nation can reduce its opportunity cost of obtaining goods and thus ‘move outside its production possibilities curve.’”