Answer the following statements true (T) or false (F)
1. Social judgment is considered an individual attribute in the skills model.
2. Crystallized cognitive ability refers to one's innate intellectual ability or intelligence.
3. Career experience is a strong influence on a leader’s competencies.
4. Environmental influences are factors in situations that lie outside the leader's competencies, characteristics, and experiences.
5. Skills approach provides a structure consistent with leadership education programs.
1. False
2. False
3. True
4. True
5. True
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Taylor Bank lends Guarantee Company $150,000 on January 1 . Guarantee Company signs a $150,000, 8%, 9-month note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the noteis
a. Interest Expense 12,000 Cash 138,000 Notes Payable 150,000 b. Cash 150,000 Notes Payable 150,000 c. Cash 162,000 Interest Expense 12,000 Notes Payable 150,000 d. Notes Payable 120,000 Interest Payable 7,200 Cash 120,000 Interest Expense 7,200
The balance in Allowance for Uncollectible Accounts must be considered prior to end-of-period adjustment when using which of the following methods?
A) Direct charge-off method B) Both direct charge-off method and percentage of net sales method C) Percentage of net sales method D) Accounts receivable aging method
In which of the following sections of a business plan would a not-for-profit business most likely discuss its capacity to benefit its customer target?
A) executive summary B) service overview C) competitive overview D) management overview E) financial overview
Freeman Builders, Inc. buys on terms of 2/15, net 30. It does not take discounts, and it typically pays 60 days after the invoice date. Net purchases amount to $720,000 per year. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year?
A. 10.86% B. 12.07% C. 13.41% D. 14.90% E. 16.55%