On August 1, Year 1, Jackson Company issued a one-year $66,000 face value interest-bearing note with a stated interest rate of 9.00% to Galaxy Bank. Jackson accrues interest expense on December 31, Year 1, its calendar year-end.What is the cash flow from financing activities that will be reported during the year ending December 31, Year 1?
A. $68,475 inflow
B. $66,000 inflow
C. ($71,940) outflow
D. $0
Answer: B
You might also like to view...
Alice is a 55-year-old program developer who works at Acute Health Care. She is responsible for developing training programs for the company. Her supervisor has said to her, "Isn’t it about time for you to retire?" and then added, "You really can’t understand the Millennials and how they work on computers – you won’t be able to get these programs right." After these remarks, Alice inflated her travel expenses and was fired because lying on expense forms is a fireable offense under the company’s handbook. Alice has filed suit for discrimination. What is Acute’s best defense?
A) That age remarks are not a form of discrimination. B) That Alice was fired for cause. C) Acute has no defense because the supervisor's comments were per se discriminatory. D) Acute cannot use something that happened after the discrimination as a defense, so the travel expense problem is not a defense.
A normal yield curve that is upward sloping implies that:?
A. ?the returns on short-term securities are higher than the returns on long-term securities of similar risk. B. ?the returns on long-term securities are equal to the returns on short-term securities of similar risk. C. ?the returns on short-term securities are lower than the returns on long-term securities of similar risk. D. ?the returns on bonds with higher maturity risks are lower than the returns on bonds with lower maturity risks. E. ?the returns on bonds with a lower default risks are higher than the returns on bonds with higher default risks.
What are the key components of the ISO 14000:2004 standard?
What will be an ideal response?
Whenever a new product competes against a company's already existing products and reduces the sales of the other products, net working capital increases occur
Indicate whether the statement is true or false.