During its first year of operations, a company granted employees vacation privileges estimated at a cost of $60,000 . The vacations are expected to be taken in the next year. What is the total cost of vacation pay to be recognized in the first year?
a. Need more information.
b. $0
c. $60,000
d. $30,000
c
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A conclusion should NOT be
a. lengthy. b. short. c. interesting. d. engaging.
Prior-period adjustments are common in current accounting because of the complexity of the financial reporting process
Indicate whether the statement is true or false
YouTube is an example of which type of social media site?
A. thought sharing B. social networking C. microblogging D. media sharing E. social bookmarking
Grant Technologies needs $300,000 to pay its supplier. Grant's bank is offering a 210-day simple interest loan with a quoted interest rate of 11 percent and a 20 percent compensating balance requirement. Assuming there are 360 days in a year and Grant currently holds no funds at the lending bank, what is the annual percentage rate (APR) of the loan?
A. 8.02% B. 14.14% C. 11.00% D. 13.75% E. 12.55%