When a notes receivable is outstanding at the end of an accounting period, ________.
A) no adjusting entry is needed
B) the revenue recognition principle requires that earnings from the note be recorded in the year the cash is received
C) the total interest on the note should be recorded in an adjusting entry
D) the interest revenue earned on the note up to year-end is part of that year's earnings
D) the interest revenue earned on the note up to year-end is part of that year's earnings
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Michelle is a sales manager at Feuzen Inc. Her job includes analyzing recent trends and evaluating modern technological changes. In this scenario, Michelle is primarily engaged in ________.
A. short-term planning B. thinking innovatively C. clarifying roles D. external monitoring
Richman Manufacturing Company contracts to sell sweaters to Sweet Sweaters store. Before the sweaters are delivered, Sweet Sweaters indicates that it will not be able to pay. Richman can
A. force Sweet Sweaters to accept and pay for the sweaters. B. require Sweet Sweaters to find a buyer for the sweaters. C. resell the sweaters and recover any damages from Sweet Sweaters. D. do nothing.
Perkins Corporation is considering several investment proposals, as shown below: Investment Proposal ABCDInvestment required$80,000 $100,000 $60,000 $75,000 Present value of future net cash flows 96,000 $150,000 $84,000 $120,000 If the project profitability index is used, the ranking of the projects from most to least profitable would be:
A. D, B, C, A B. A, C, B, D C. B, D, A, C D. B, D, C, A
In which of the following circumstances would the discharge be lawful?
a. Employee was discharged for sleeping and loafing on the job. b. Employee was discharged for not covering the tattoos on her arms as per company policy. c. Employee was discharged for wearing a nose ring to work which the employee handbook prohibited. d. All of the above. e. None of the above. Employees may only be discharged for good cause.