Bright Co holds Park Co's $40,000, 120 day, 9% note. The entry made by Bright Co when the note is collected, assuming no interest has previously been accrued is:
A) Cash 40,000Notes Receivable 40,000
B) Accounts Receivable 41,200Notes Receivable 40,000Interest Revenue 1,200
C) Cash 41,200Notes Receivable 40,000Interest Revenue 1,200
D) Accounts Receivable 41,200Notes Revenue 40,000Interest Revenue 1,200
C
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A bond that makes a regular interest payment until maturity, at which time the face value is repaid is referred to as a
A. coupon bond. B. fixed-payment security. C. discount bond. D. perpetuity.
What is the largest sector of the online travel services market in terms of revenue?
A. hotel reservations B. car reservations C. cruise/tour reservations D. airline reservations
Which of the following accounting methods is generally used to compute amortization expense?
A) declining-balance B) units-of-production C) straight-line D) first-in, first-out
You are the marketing director of ABC Inc. and you are responsible for developing a research process for a new product line. Which stage in the research process would you allocate most of your budget towards?
a. data analysis b. data collection c. you would allocate resources equally among each stage d. development of the research plan