A customer name and an unpaid balance is an example of a one-to-many relationship
Indicate whether the statement is true or false
F
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Genuine Parts received a promissory note from a customer on March 1, 2015 . The face amount of the note is $8,000; the terms are 90 days and 9% interest. At the maturity date, the customer pays the amount due for the note and interest. What entry is required on the books of Genuine Parts on the maturity date assuming none of the interest had already been recognized?
a. Increase Cash, $8,000, and decrease Notes Receivable $8,000 b. Increase Cash, $8,180, increase Interest Revenue, $180, and decrease Notes Receivable, $8,000 c. Increase Cash $8,720, decrease Notes Receivable $8,000, and increase Interest Revenue, $720 d. No entry is required; the customer pays the amount due to the bank
Corporate chains are two or more outlets that are commonly owned and controlled
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Assuming a 21% marginal tax rate, compute the after-tax cost of the following business expenses.a. $12,300 business meals. b. $42,000 rent on factory equipment. c. $8,050 business entertainment.
What will be an ideal response?
Because variations are unavoidable in a system, the output of the system is always unpredictable
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