Simulations ______.
a. are an imitation of the real service
b. can be a simple drawing on a piece of paper
c. can reveal problems that may not have been obvious
d. are only created through computer programs
d. are only created through computer programs
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Assume that on October 1, a note which has a face value of $2,000, bears interest at 6 percent for 90 days, received from a customer as an extension of his past-due account is honored on its due date. The entry that would be made to record the receipt on due date is:
A) Notes Receivable 2,000Cash 2,000 B) Accounts Receivable 2,000Interest Revenue 30Cash 2,030 C) Accounts Receivable 2,030 Notes Receivable 2,030 D) Cash 2,030Interest Revenue 30Notes Receivable 2,000
Why does employee engagement matter?
What will be an ideal response?
In the context of entrepreneurs, which of the following statements is a difference between an internal locus of control and an external locus of control?
A. An internal locus of control is an entrepreneurial trait, whereas an external locus of control is not. B. An internal locus of control does not involve self-reliance, whereas an external locus of control does. C. An internal locus of control involves personal responsibility, whereas an external locus of control does not. D. An internal locus of control is not applicable in market niches, whereas an external locus of control is.
Pilfer Company acquired 90 percent ownership of Scrooge Corporation in 20X7, at underlying book value. On that date, the fair value of noncontrolling interest was equal to 10 percent of the book value of Scrooge Corporation. Pilfer purchased inventory from Scrooge for $90,000 on August 20, 20X8, and resold 70 percent of the inventory to unaffiliated companies on December 1, 20X8, for $100,000. Scrooge produced the inventory sold to Pilfer for $67,000. The companies had no other transactions during 20X8.Based on the information given above, what inventory balance will be reported by the consolidated entity on December 31, 20X8?
A. $53,100 B. $51,490 C. $37,000 D. $20,100