After the adjustments have been completed, the adjusted balance in the Interest Payable account represents:
A. total interest that has been paid or accrued during the period.
B. interest on notes receivable owed to the company.
C. interest that has been prepaid on existing debt at the end of the period.
D. interest that has accrued, but has not been paid, at the end of the period.
Answer: D
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The theory under which people make the choice that promises them the greatest reward if they think they can get it is
A. goal-setting theory. B. equity theory. C. reinforcement theory. D. expectancy theory. E. two-factor theory.
The critical z-score for a 98% confidence level is ________
A) 1.28 B) 1.96 C) 2.33 D) 2.575
Attempting to balance the desire to efficiently use resources while providing a highly effective service may create conflict between the two goals.
Answer the following statement true (T) or false (F)
Fireworks CityInformation for 2020 and 2019 is presented below for this company which uses the straight-line depreciation method. 2020 2019 Property, plant and equipment$ 250,000 $190,000 Accumulated depreciation100,000 85,000 Depreciation expense62,500 47,500 Net sales1,000,000 900,000 Total assets625,000 475,000 Refer to Fireworks City. Determine the asset turnover ratio for 2020.
A. 7.84 times B. 1.60 times C. 4.00 times D. 4.55 times