What is a hair salon owner looking for when he takes the time to see if a prospective hair stylist is a good listener, has a pleasing personality and likes to work with people?
Fill in the blank(s) with the appropriate word(s).
Service inclination.
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Which inventory costing method results in the highest inventory balance during a period of rising prices?
a. LIFO b. Weighted average cost c. FIFO d. Both FIFO and LIFO result in the same inventory balance
In a computerized environment, a list of authorized suppliers would be found in the
a. master file b. transaction file c. reference file d. archive file
In 2007, Horwitz Corporation issued ten-year, 9 percent bonds when the market interest rate was 11 percent. Interest is payable annually. During 2010, the market rate of interest for similar bonds was 12 percent. Using the effective interest method of amortization, what interest rate will be used to calculate interest expense for 2010?
a. 12 percent b. 9 percent c. 6 percent d. 11 percent
A time draft is payable at a definite future time.
Answer the following statement true (T) or false (F)