Benson co. purchased land and paid the full purchase price in cash. the journal entry necessary to record this event includes a: a. debit to land and a debit to cash. b. debit to cash and a credit to land. c. credit to land and a credit to cash. d. debit to land and a credit to cash.

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.

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?