You are using the advocacy approach in group decision making when you approach group decision making like a contest to see whose idea wins
Indicate whether the statement is true or false.
Answer: TRUE
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A bank loaned Darden Company $10,000 on a 1-year, 6% note, but deducted the interest in advance. The journal entry made by Darden to record receipt of the cash would include a
a. an increase in Cash for $9,400 b. an increase in Cash for $600 c. a decrease in Notes Payable for $10,600 d. a decrease in Notes Payable for $9,400
Critical success factors in a retail store might include all of the following, EXCEPT ______.
a. maintaining the right product mix in each location b. analyzing profit margins in that industry and setting correct prices c. advertising the products in order to pull customers in d. upgrading the point-of-sale system to PC-based registers
How are interest expense and interest paid reported?
A. Interest expense is reported as an operating item on the income statement and interest paid is reported as an investing activity on the statement of cash flows. B. Interest paid is reported as an operating activity on the statement of cash flows and interest expense is reported as a nonoperating expense on the income statement. C. Interest paid is reported as a financing activity on the statement of cash flows and interest expense is reported as an operating item on the income statement. D. Interest expense is reported as an operating expense on the income statement and interest paid is reported as a financing activity on the statement of cash flows.
Kaye noticed Bounce fabric softener dryer sheets had a peel-off sticker worth $1.00 off that purchase. The peel-off stickers are:
A. premiums B. trade discounts C. purchase allowances D. in-store coupons E. functional allowances