Marsh Corporation borrowed $90,000 by issuing a 12%, six-month note payable, all due at the maturity date. After one month, the company's total liability for this loan amounts to:
a. $91,800
b. $90,900
c. $90,450
d. $90,000
b
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Federer Corporation had $12,400 of supplies on hand at January 1. During the year, supplies with a cost of $24,000 were purchased. At December 31, the actual supplies on hand amount to $8,000. After the adjustments are recorded and posted at December 31, determine the balances in the Supplies and Supplies Expense accounts. Supplies Supplies Expense
A) $12,400 $4,400 B) $8,000 $28,400 C) $12,400 $24,000 D) $24,000 $12,400
What are the two main kinds of organizational justice?
a. Operational and Procedural b. Distributive and Procedural c. Distributive and Operational d. Operational and Mechanical
Which of the following statements is true of a conditional estate?
A) It is the present right to own and possess the land in the future. B) When a person's interest terminates, the interest must be transferred to the former owner. C) It can be set up so that failure to meet a condition terminates the estate. D) It is the right to own and possess land until one dies, subject to the condition that the property cannot be used in such a way as to destroy its value.
TynsCorp offers adefined benefit pension plan. But since it has no guarantees of payments, TynsCorp also strongly encourages its employees to participate in a 401(k) plan, which guarantees payments based on years of service.
Answer the following statement true (T) or false (F)