________ is the number of magazine copies distributed to original subscribers or purchasers.
A. Pass-along circulation
B. Guaranteed circulation
C. Total circulation
D. Tangential readership
E. Primary circulation
Answer: E
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On January 1, Year 1, Stratton Company borrowed $210,000 on a 10-year, 10% installment note payable. The terms of the note require Stratton to pay 10 equal payments of $34,177 each December 31 for 10 years. The required general journal entry to record the payment on the note on December 31, Year 2 is:
A. Debit Notes Payable $34,177; credit Cash $34,177. B. Debit Notes Payable $210,000; debit Interest Expense $13,177; credit Cash $34,177. C. Debit Interest Expense $19,682; debit Notes Payable $14,495; credit Cash $34,177. D. Debit Interest Expense $21,000; debit Notes Payable $13,177; credit Cash $34,177. E. Debit Notes Payable $21,000; debit Interest Expense $13,177; credit Cash $34,177.
A negotiation is void if the transaction in which it occurs is void
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1) All businesses are operated to generate a profit. 2) A business may be either a for-profit business or a not-for-profit business. 3) A business with one owner is called a sole proprietorship and it must be a service business. 4) PetSmart is an example of a corporate merchandising businesses. 5) PricewaterhouseCoopers is an example of a service business.
A point estimate is used ________
A) because it's easier to use all the values in the data set than a single value B) to estimate the value of a population estimate C) when the population parameter is known D) only when the population proportion is not known