When a business records accrued interest expense on a note payable ________

A) Interest Expense is credited
B) Note Payable is credited
C) Cash is debited
D) Interest Payable is credited


D

Business

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In a recent year, a bank earned $36 million in interest on its assets of $523 million, it paid out $9 million in interest on its liabilities (excluding capital) of $470 million, and it paid its workers $21.5 million in total compensation. Calculate the bank's spread and its return on equity.

What will be an ideal response?

Business

Which of the following statements is true about a multiple-channel system?

A) It reduces the cost of distribution. B) It is a type of a direct channel where intermediaries are eliminated through the use of information technology. C) It simplifies coordination and management of the channel of distribution. D) Loss of control is a typical problem associated with a multiple-channel system.

Business

GeoBlue(R) provides __________ health care coverage for United States based individuals who also live, travel, and work outside of the United States.

a. county-wide b. international c. national d. state-wide

Business

An adventure tourism company has a company slogan, “Live each day to the fullest,” in its mission statement and website. This slogan drives the employees’ work behavior. This is an example of ______.

a. artifacts b. values c. assumptions d. objectives

Business