The account ________ is used to represent the amount owed on a promissory note
a. Loan Payable
b. Accounts Payable
c. Notes Payable
d. None of the answers listed
c
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A(n) ______ is a legally binding written order to pay a fixed sum of money that involves three parties
a. promissory note b. real estate mortgage note c. balloon note d. easement e. none of the other choices are correct
Internal service funds utilize encumbrance accounting.
Answer the following statement true (T) or false (F)
Complex Where clauses typically involve several conditions and use which of the following
logical operators? A) =, <, >, <=, >=, != B) +, -, *, / C) And, Or D) Like, Unlike
Herman manages a production facility that makes furniture. He asked Missy, a shift supervisor, to reach a goal of producing less than 2 percent scrap during the past month, instead of the 9 percent usually produced on her shift. This goal seemed impossible since the industry averages 10 percent scrap, and the best month ever at Herman's facility still produced 5 percent scrap. Missy's shift did not reach the goal, producing 6 percent scrap during the month. How should Herman respond?
A) He should fire Missy for falling short of an official goal, no matter how unrealistic it was. B) He should give Missy a chance to cut scrap to one percent next month or face consequences. C) He should avoid punishing Missy for missing the goal and recognize that she still had an exceptional month. D) He should tell Missy it is all right because goals do not really mean anything. E) He should require Missy to work unpaid overtime to cover the excess scrap produced on her shift.