On January 1, 2017, Shea Landscaping borrowed $100,000 on a 15%, 10-year note with annual installment payments of $10,000 plus interest due on December 31 of each year
Prepare the journal entry for the first installment payment made on December 31, 2017.
What will be an ideal response
Long-Term Notes Payable ($100,000 / 10 ) 10,000
Interest Expense ($100,000 x 15%) 15,000
Cash 25,000
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A basic storage unit for accounting data is the account
Indicate whether the statement is true or false
An organization on cycling safety visits an elementary school and gives a presentation on the importance of wearing helmets while bicycling. After listening to the presentation, which of the following actions indicates that an exchange of valuable ideas has taken place?
A. They continue to ride without wearing helmets. B. They go out to purchase new helmets. C. They stop riding their bicycles. D. They decide to wear helmets while bicycling. E. They service their bikes to ensure they are safe to ride.
Scenario 1.1
Use the following to answer the questions. ? Green Hills Cemetery in upstate New York offers a full-service funeral and burial that is non-toxic to the environment. All materials used in the burial are natural and will decompose with no negative impact. Green Hills' service is relatively new in the United States, but services of this type are common in Great Britain. A typical burial in Green Hills' cemetery includes a casket made from bamboo, wicker, paper, or other natural material. There are no headstones of stone or concrete that will detract from the landscape, but trees and plants as "markers" are allowed. The cost for a burial at Green Hills is approximately $3,000, compared to about $6,000 at most traditional cemeteries. Although business was slow at first, Green Hills is now experiencing an increase in the number of burials, due to referrals and a newly-developed website. The owners of Green Hills were previously in the cemetery business, and are active conservationist and wanted to make their business more sustainable. After conducting research and finding that there were natural burial sites in Great Britain, they wanted to provide an alternative to other environmentally-conscious Americans like themselves. Refer to . A new website has helped Green Hills' pre-planned funeral business grow. This would come under which of the following marketing mix variables? A. Product B. Price C. Distribution D. Promotion E. Promotion and price
All risks insurance provides better protection than named perils insurance
Indicate whether the statement is true or false