A(n) ________ is physical information we receive through our senses.
A. selective perception
B. motivator
C. attitude
D. habit
E. stimulus
Answer: E
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The Great Lakes Company issues $503,000 of 10%, 10-year bonds at 107 on March 31, 2018. The bond pays interest on March 31 and September 30. Assume that the company uses the straight-line method for amortization. The journal entry to record the first interest payment on September 30, 2018 includes a ________. (Round your intermediate answers to the nearest dollar.)
A) debit to Cash for $25,150 B) debit to Interest Expense for $26,911 C) debit to Interest Expense for $23,389 D) credit to Premium on Bonds Payable for $1761
Which of the following acts stipulates that employers cannot use "protected health information" in making employment decisions without prior consent?
A. The Health Insurance Portability and Accountability Act B. The Federal Information Security Management Act C. The Personal Information and Health Documents Act D. The Personal Information Protection and Electronic Documents Act
Swanson Company had $250,000 of current assets and $90,000 of current liabilities before borrowing $60,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on Swanson Company's current ratio?
A) The ratio remained unchanged. B) The change in the current ratio cannot be determined. C) The ratio decreased. D) The ratio increased.
Shirley Rhone suffered injuries when a truck struck the vehicle in which she was riding. State Auto Mutual Insurance Co was the insurer involved and provided personal injury coverage. Shirley went to see Dr. Allen, a chiropractor who provided treatments
32 times over a 3-month period. Dr. Allen billed State Auto in three separate billings. After paying the first two billings in full, State Auto expressed concern about whether Dr. Allen's charges were excessive. State Auto hired Chiropractic Consultants, Inc to evaluate Dr. Allen's billings. The consultants advised that Dr. Allen's billings were indeed excessive. State Auto then telephoned Dr. Allen and offered a partial payment to settle the account. After this conversation, State Auto issued and sent a check for $864 payable to Dr. Allen. On the face of the check, State Auto noted the total amount allocated to each claim and typed "settlement in full." On the reverse side it said, "The endorsement of this draft by the payee constitutes a clear release and full settlement of the claim or account shown on the other side." Upon receipt of the check, Dr. Allen cashed the check. He then sought payment of an additional $895 . State Auto claims there was an accord and satisfaction with respect to the amount due for services rendered by Dr. Allen. What are the requirements of an accord and satisfaction? Were those requirements met in this case?