On May 1, 2018, Plumbing Services issued a long-term note payable for $35,000. The note will be paid over five-years with annual principal payments of $7,000, plus interest, on May 1 of each year beginning on May 1, 2019.
Prepare the journal entry for the issuance of the note. Omit explanation.
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Which of the following is not considered one of the six frameworks in the framework of frameworks approach?
a. integrative b. collaborative c. process d. life cycle
What would be the break-even point in units for a firm selling trekking poles at a selling price of $130 per pair, variable cost per set is $70, and fixed costs are $100,000?
What will be an ideal response?
According to Peter G. Keen, a former MIT professor, which of the following is a benefit of a decision support system (DSS)?
a. Easy assessment of costs and benefits c. Focus on efficiency rather than effectiveness b. Ability to cause improvements d. Fast response to unexpected situations
Which of the following is NOT a potential benefit of a merger?
A) An improved financing posture B) A portfolio effect C) Dilution of earnings per share D) A tax loss carryforward