When creating assembly instructions for a piece of equipment, what type of graphic allows you to show how the components fit together?
A. photograph
B. pictograph
C. exploded view diagram
D. critical path
C. exploded view diagram
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Which of the following would not be included in a selling and administrative expenses budget?
A. Cash payments for selling and administrative expenses B. Budgeted interest expense C. Budgeted rent expense D. Budgeted salary expenses
Kraft utilized customers to name its new flavor of its iconic Vegemite product, and their selection, iSnack 2.0, increased sales dramatically
Indicate whether the statement is true or false
On July 1, Shady Creek Resort borrowed $430,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30 of $64,083. What is the journal entry to record the first annual payment?
A. Debit Interest Expense $34,400; credit Cash $34,400. B. Debit Interest Expense $34,400; debit Notes Payable $29,683; credit Cash $64,083. C. Debit Interest Expense $34,400; debit Interest Payable $29,683; credit Cash $64,083. D. Debit Cash $430,000; debit Interest Expense $64,083; credit Notes Payable $494,083. E. Debit Interest Expense $64,083; credit Cash $64,083.
A business accepts a 9 percent, $25,000 note due in 120 days. Assuming simple interest, how much (amount rounded) will the business receive when the note falls due?
a. $25,000 b. $25,075 c. $25,740 d. $27,260