Utah Co sold merchandise to Big Sky Corp on December 1, 2014, for $9,000, and accepted a promissory note for payment in the same amount. The note has a term of 90 days and a stated interest rate of 8%. Utah's accounting period ends on December 31 . What amount should Utah recognize as interest revenue on December 31, 2014 (if a 360 day year is assumed)?
a. $ -0-
b. $ 60
c. $120
d. $180
b
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1. The task of summarizing the flow of physical units is one of the four steps involved in the preparation of the production cost report. 2. The number of equivalent units for direct materials and conversion costs must always be equal. 3. The weighted-average method determines the cost of equivalent units of production by accounting for beginning inventory costs separately from current period costs. 4. The equivalent units of production for transferred in units are always 100%. 5. Cost amounts that are transferred out of one department become the transferred in cost for the next department.
The proportion of world trade coming from Latin America, Africa, and the Middle East has decreased since 1980.
Answer the following statement true (T) or false (F)
Which term refers to communicating through the use of bodily contact?
a. kinesics b. haptics c. olfactics d. proxemics
When responding to the question Tell me about yourself, focus on personal information such as your hometown, family, and hobbies
Indicate whether the statement is true or false