The difference between the amount received from issuing a note payable and the amount repaid at maturity is referred to as:
A) Interest.
B) Principal.
C) Face Value.
D) Cash.
E) Accounts Payable.
A) Interest.
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What is information overload?
a. When something goes wrong in the data analytics process. b. Tendency of an information system to produce and transmit too much data. c. When the information system shuts down because there is too much data for it to handle. d. Tendency of information to require a lot of storage space in a computer system.
Which one of the following below is not a factor that influences a business's control environment?
A) management's philosophy and operating style B) organizational structure C) proofs and security measurers D) personnel policies
Which of the following would be considered an offer to form a unilateral contract?
A) an advertisement B) an auction without reserve C) a reward offer D) an auction with reserve
Sanco contracted to sell 1,000 cases of oil to AMF. The oil is located in a public warehouse, which has issued a warehouse receipt for it. Which of the following is correct?
a. The risk of loss passes to the buyer when the contract is made. b. The risk of loss passes to the buyer when the goods are tendered to him. c. The risk of loss passes to the buyer when the warehouse receipt is delivered to the buyer. d. The risk of loss passes to the buyer when the buyer gets the oil to its final destination.