Interest on a six-month, 7 percent, $2,000 note is calculated by multiplying $2,000 ´ 7/100 ´ 6/12
Indicate whether the statement is true or false
True
You might also like to view...
The market researchers at HoneyCamp Foods gather daily sales data and sort it by product line and region
With the help of sophisticated tools and techniques, they develop the data needed by marketing managers to evaluate the market share of the company's different products and also to gain valuable market insights. This mix of people and procedures at HoneyCamp Foods that generate actionable marketing insights represents a(n) ________. A) enterprise planning system B) product mix C) strategic planning system D) marketing information system E) business portfolio
Compute the May 2014 EVA for an investment center with the following information: Pre-tax operating income for May 2014 $18,000,500 Income tax expense for May 2014 5,100,000 Assets at May 31, 2014 13,200,500 Current liabilities at May 31, 2014 10,000,000 Long-term liabilities at May 31, 2014 3,500,000 Minimum desired rate of return 19%
A) $12,292,405 B) $12,710,500 C) $11,931,500 D) $12,235,500
The following totals for the month of June were taken from the payroll register of Young Company: Salaries expense $15,000 Social security and Medicare Taxes withheld 1,125 Income Taxes withheld 3,000 Retirement Savings 500 Salaries subject to federal and state unemployment taxes of 6.2 percent 4,000 The entry to record the accrual of employer's payroll taxes would include a
A) debit to Payroll Taxes Expense for $2,498 B) credit to Social Security and Medicare Tax Payable for $2,250 C) debit to Payroll Taxes Expense for $1,373 D) Debit to Payroll Tax Expense for $1,125
What damages are recoverable for a breach of warranty?
What will be an ideal response?