Another name for the residual term in a regression equation is random error
Indicate whether the statement is true or false
T
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A $6,000, 60-day, 12% note recorded on November 21 is not paid by the maker at maturity. The journal entry torecognize this event is
a. debit Cash, $6,120; credit Notes Receivable, $6,120 b. debit Accounts Receivable, $6,120; credit Notes Receivable, $6,000; credit Interest Receivable, $120 c. debit Notes Receivable, $6,060; credit Accounts Receivable, $6,060 d. debit Accounts Receivable, $6,120; credit Notes Receivable, $6,000; credit Interest Revenue, $120
Chris believes that he was not promoted to professor at State University because of the university's desire to promote minorities and women to achieve greater diversity at higher ranks. Chris thinks he is experiencing
A. reverse discrimination. B. ethnocentrism. C. an ethical dilemma. D. diversity. E. stereotyping.
Memos are increasingly being replaced by _______________________
a. letters b. longer, more detailed documents c. email d. video messages
On January 1, a company issues bonds dated January 1 with a par value of $400,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $383,793. The journal entry to record the first interest payment using straight-line amortization is:
A. Debit Interest Expense $15,620.70; credit Premium on Bonds Payable $1,620.70; credit Cash $14,000.00. B. Debit Interest Expense $15,620.70; credit Discount on Bonds Payable $1,620.70; credit Cash $14,000.00. C. Debit Interest Expense $14,000.00; credit Cash $14,000.00. D. Debit Interest Payable $14,000.00; credit Cash $14,000.00. E. Debit Interest Expense $12,379.30; debit Discount on Bonds Payable $1,620.70; credit Cash $14,000.00.