A transaction that credits an asset account and credits a liability account must also affect one or more other accounts.
Answer the following statement true (T) or false (F)
True
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Verilux Company sold merchandise to Flight Corp on November 1, 2016, for $10,000 . Verilux accepted a promissory note from Flight Corp for $10,000 . The note has a term of 5 months and a stated interest rate of 7%. Verilux's accounting period ends on December 31, 2016 . What amount should Verilux recognize as interest revenue on December 31, 2016?
a. $ -0- b. $ 116.67 c. $ 291.67 d. $ 280.00
Pemberton and Herriot (1995) refer to the ‘New Deal’ from employers, which was no longer about job security but about ______.
a. job satisfaction b. total reward management c. self-actualization d. employability in exchange for performance
Aggregating across products, retailers, or suppliers in a single order allows for a reduction in lot size for individual products because fixed ordering and transportation costs are now spread across multiple products, retailers, or suppliers
Indicate whether the statement is true or false.
A union has negotiated a contract that states the following: work up to 40 hours per week will
be paid at a base rate of $10 per hour. All work in excess of 40 hours, but less than 48 hours will be paid at a rate equal to 1 1 2 times the base rate. Any work in excess of 48 hours will be paid at double time. This pay scale agrees with A) ceteris paribus. B) the law of demand. C) the law of supply. D) the law of supply and demand. E) can't tell with the information provided.