The services or responsibilities provided by some intermediaries can be eliminated effectively without causing an increase in the services or responsibilities provided by other intermediaries.
Answer the following statement true (T) or false (F)
False
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On August 1, Year 1, Jackson Company issued a one-year $72,000 face value interest-bearing note with a stated interest rate of 9.00% to Galaxy Bank. Jackson accrues interest expense on December 31, Year 1, its calendar year-end.What is the amount of interest expense and the total cash outflow related to the note during the year ending December 31, Year 2? (Do not round your intermediate calculations.)
A.
| Interest Expense | Cash Outflow |
| $2700? | $6480? |
B.
| Interest Expense | Cash Outflow |
| $6480? | $3780? |
C.
| Interest Expense | Cash Outflow |
| $3780? | $78,480? |
D.
| Interest Expense | Cash Outflow |
| $6480? | $72,000? |
The matching concept requires expenses be recorded in the same period that the related revenue is recorded
Indicate whether the statement is true or false
On January 1, 2012, Money Company's balance in retained earnings was $10,000,000. At the end of the year, December 31, 2012, the balance in retained earnings was $9,400,000. During 2012, the company earned net income of $440,000. How much were dividends?
A) $1,040,000 B) $1,000,000 C) $ 600,000 D) $ 440,000
In the context of employee training, identify an issue that is examined at a micro level.
A. What is the degree of cooperation among the training providers? B. Are there incentives for providing training? C. How should the delivery of training programs be structured? D. Who should receive training?