Which of the following is NOT an example of a visual aid?
A. An order form
B. A demonstration
C. A model of the product
D. Sales manuals
E. A chart
Answer: B
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Suppose increased costs for security raised the costs of production for all firms. Explain how this would affect aggregate supply, output, and the price level in the short run and the long run.
What will be an ideal response?
Chad finds that he meets the eligibility requirements for Social Security. He elects to receive retirement benefits at 62. Which statement is true?
A. He will receive retirement benefits only according to his earnings history. B. He will receive benefits at a permanently reduced level. C. He will receive full retirement benefits. D. He will not be eligible for worker's compensation. E. His exempt amount limits will be lifted.
A list of accounts used by the business to record transactions is called a chart of accounts
Indicate whether the statement is true or false
On January 1, a company issues bonds dated January 1 with a par value of $310,000. The bonds mature in 5 years. The contract rate is 11%, and interest is paid semiannually on June 30 and December 31. The market rate is 12% and the bonds are sold for $298,594. The journal entry to record the first interest payment using the effective interest method of amortization is:
A. Debit Interest Expense $16,184; debit Discount on Bonds Payable $866; credit Cash $17,050. B. Debit Interest Expense $17,916; credit Premium on Bonds Payable $866; credit Cash $17,050. C. Debit Interest Payable $17,050; credit Cash $17,050. D. Debit Interest Expense $16,184; debit Premium on Bonds Payable $866; credit Cash $17,050. E. Debit Interest Expense $17,916; credit Discount on Bonds Payable $866; credit Cash $17,050.