The principal of a loan does not include any interest charges.
Answer the following statement true (T) or false (F)
True
The principal amount of a loan is the amount of the note payable; the amount owed as of the day the note is established. A liability is first recorded at the amount initially owed, which excludes interest charges. Interest arises only when time passes, so no interest is recorded on the day the company purchases an item on account or the day the company receives a loan.
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Why is compensation trading also called a "buyback?" How does it differ from switch trading?
What will be an ideal response?
Process costing is applicable to production operations that
a. utilize several processes, departments, or work cells in a series. b. do not assign overhead costs to operations. c. produce large and unique machines. d. are found in only a few industries.
Binkers Inc. is a start-up that believes in hiring only the best talent. The company has about 100 highly efficient and motivated employees. Given this information, it can be said that Binkers most likely understands the importance of _____.
A. human capital B. benchmarking C. contingency planning D. job enlargement
While ethical behavior is important for everyone in an organization, why is it especially important for leaders?
What will be an ideal response?