On October 1, Lawrence Company borrowed $60,000 from Fourth National Bank on a 1-year, 7% note. If the company's fiscal year ends as of December 31, Lawrence should make an entry to increase
a. interest expense, $4,200.
b. notes payable, $1,050.
c. interest payable, $1,050.
d. prepaid interest, $3,150.
c
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NASA's Curiosity Rover, employed to investigate a large crater on Mars, is an example of a
A. policy. B. rule. C. project. D. procedure. E. program.
A(n) ________ or tree graph is a graphical device for displaying clustering results. Vertical lines represent clusters that are joined together. The position of the line on the scale indicates the distances at which clusters were joined
A) dendrogram B) scattergram C) scree plot D) icicle diagram
The marketing mix consists of product, promotion, place, and:
A) personnel B) principle C) perfection D) pride E) price
Which of the following is true of the Sarbanes-Oxley Act of 2002?
A. The act requires at least 30 percent of the businesses in the United States to be formed as S corporations. B. The act requires a limited liability company to have a committee that consists of inside directors to oversee the firm's audits. C. The act requires a limited liability company to be taxed like a proprietorship. D. The act requires an S corporation to have more than 100 stockholders (members) and more than one type of stock. E. The act requires a publicly-traded corporation to hire an external auditing firm that renders an unbiased opinion concerning the firm's financial statements.