A company holds $40,000 of 7% bonds as a held-to-maturity security. The journal entry to record receipt of a semiannual interest payment includes a debit to Cash for $2,800 and a credit to Interest Revenue for $2,800.
Answer the following statement true (T) or false (F)
False
$40,000 × 7% × ½ year = $1,400
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Under a modified wage plan, Jim Phillips works an eight-hour day and earns $.50 for each finished unit he produces in excess of 200 units. However, he is guaranteed $12.50 per hour as a minimum wage.
His production this week was as follows: Monday 220 units Tuesday 180 units Wednesday 200 units Thursday 200 units Friday 190 units What were Jim’s total earnings this week? a. 5 b. 10 c. 15 d. 12.5
Which of the following is the unplanned, emergency-type buying where buyers usually pay more?
A) maverick buying B) spot buying C) impulse purchasing D) extreme purchasing
On what criteria should a social media marketer evaluate enterprise social listening vendors?
a. Quality and extent of sources. b. Data processing ability. c. Dashboard functionality. d. Analytic capabilities. e. All of these.
A retirement plan that indicates how much the company will contribute to an employee's retirement fund is called a(n) ________
A) defined-benefits plan B) pension plan C) employee stock-ownership plan D) defined-contribution plan E) 401(k) plan