A customer's written promise to pay an amount of money to a business with interest is a(n) ________ of the business.
A) account receivable
B) account payable
C) note receivable
D) note payable
C) note receivable
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A written promise to pay a specific sum of money at a definite future date is called a discounted note
Indicate whether the statement is true or false
Orders placed for buying shares of a mutual fund any time up to 4:00 p.m. are priced at that day's net asset value (NAV), and orders placed after 4:01 p.m. are priced at the next day's NAV. What is this practice known as?
a. Forward pricing b. Late trading c. Price arbitrage d. Price dealing
Use the following information regarding Larson Company to answer the question below. 1. Established a petty cash fund in the amount of $250. 2. Reimbursed the petty cash fund given the following petty cash fund disbursements: a. Payment for postage, $20. b. Payment for supplies, $70. 3. Increased the petty cash fund to $300. 4. Cash over at the end of the first period was $5. The entry to
establish the petty cash fund would include a A) debit to the Cash account for $250. B) debit to the Petty Cash account for $250. C) memorandum entry only in the ledger. D) credit to the Petty Cash account for $250.
Which of the following multinational management orientations considers the culture of the country in which the firm is located without a common corporate framework?
a. ethnocentric b. polycentric c. geocentric d. regiocentric