When a company accepts a promissory note, it has a(n) ________
a. accounts receivable
b. note receivable
c. account payable
d. note payable
b
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DogMart Company records depreciation for equipment. Depreciation for the period ending December 31 is $1,400 for office equipmentand $2,650 for production equipment. Prepare the two entries to record the depreciation
Identify the correct verb form. We _____ in Paris the following Monday
A) shall arrive B) will arrive
Which of the following is the correct interpretation of a degree of operating leverage of 5?
A. Operating leverage of 5 means that if sales increase by 5% the firm will hit its break-even point. B. Operating leverage of 5 means that the company would need to increase sales by 5 times in order to hit its break-even point. C. Operating leverage of 5 measures the degree of debt employed by the firm's debt structure. D. Operating leverage of 5 means that if sales increase by 5%, there will be a 25% increase in the firm's pretax profit. E. Operating leverage of 5 means that sales can decrease by 5% before the firm's current level of sales will hit the break-even point.
Consider the Demand for Microwave Ovens data set. What is the total demand corresponding to random numbers 39, 34, 89, 67, 82, and 22?
A. 14
B. 9
C. 10
D. 11