Discount on Notes Payable is treated as a reduction of notes payable on the balance sheet
a. True
b. False
Indicate whether the statement is true or false
True
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A T account has three parts: the title, the debit side, and the credit side
Indicate whether the statement is true or false
Assume that on January 15, a customer who owes Shawni sales company $1,000 is declared bankrupt by a federal court. The entry that would be made to write off this account is:
a. Allowance for uncollectible 1,000 Accounts receivable, customer account 1,000 b. Accounts receivable 1,000 Cash 1,000 c. Accounts receivable 1,000 Notes receivable 1,000 d. Cash 1,000 Accounts Receivable 1,000
Which of the following is considered a downside of a line structure for an organization?
A. The vast array of expertise brings a wide array of knowledge to a line structure. B. Slow decision-making by managers is typical of a line structure. C. Confusion about who is in charge causes grave drawbacks for this structure. D. Boredom and dissatisfaction is commonplace for managers in a line structure organization. E. Managers are responsible for a wide range of activities and, therefore, must have vast knowledge about all of these activities.
A company is forecasted to pay dividends of $0.90, $1.20, and $1.45 in 3, 6, and 9 months, respectively. Given interest rates of 5.5%, how much dollar impact will dividends have on option prices? (Assume a 9-month option.)
A) $3.45 B) $3.90 C) $4.22 D) $4.50