Budgetary slack occurs when managers intentionally overstate expected revenues or understate expected expenses
Indicate whether the statement is true or false
FALSE
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On May 1, 2015, Alang Corporation borrowed $3,600 on a two-year, 6% note payable. Interest is due and payable at the end of each six months. Alang makes all interest payments on schedule. The correct December 31, 2016, adjusting entry would be
A) ?Interest Expense 36Interest Payable 36? B) ?Interest Payable 144Cash 144? C) ?Interest Expense 108Cash 108? D) ?Interest Expense 144Interest Payable 144
List the characteristics that most entrepreneurs have. Suppose you have decided to start a nail salon in a town that does not currently have one. Explain how you will benefit from having each of these characteristics.
What will be an ideal response?
When using constant sum scales, if respondents allocate more points than those allotted, the researcher must modify such data in some way or eliminate the respondent from analysis
Indicate whether the statement is true or false
An example of a nominal account would be
a. Allowance for Doubtful Accounts. b. Notes Payable. c. Prepaid Expense. d. Cost of Goods Sold.