For an interest bearing note payable, the amount borrowed is equal to the face amount of the note
Indicate whether the statement is true or false
True
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A disadvantage of a customer sales organization is
A. the need to assign just one salesperson to local, regional, national, and global territories. B. an increased need for multilingual salespeople. C. the need for close teamwork amongst a diverse salesforce. D. the smaller number of qualified sales managers. E. higher administrative costs and some duplication of selling effort.
The cash and securities comprising a sinking fund established to redeem bonds at maturity in 2015 should be classified on the balance sheet as
A) fixed assets B) current assets C) intangible assets D) investments
Smith has applied overhead of $73,000 and actual overhead of 87,600 for the month of November. It applies overhead based on direct labor hours and those equaled 14,600 in November. Overhead for the year was estimated to be $900,000. How many direct labor hours were estimated for the year?
A) 175200 B) 180,000 C) $5 D) 150,000 E) $6
If 100 units of Q are needed and 10 are already in stock, then the gross requirement is 100 and the net requirement is 90
Indicate whether the statement is true or false