An RFP might state the payment terms the customer intends to use
a. True
b. False
Indicate whether the statement is true or false
True
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An advantage of the single-step income statement over the multistep form is
a. the amount of information it provides. b. its simplicity. c. its comprehensiveness. d. its use in computing ratios.
On September 1 . 2012 . Star Corp issued a note payable to Federal Bank in the amount of $450,000 . The note had an interest rate of 1 . percent and called for three equal annual principal payments of $150,000 . The first payment for interest and principal was made on September 1 . 2013 . At December 31 . 2013 . Star should record accrued interest payable of
a. $11,000. b. $12,000. c. $16,500. d. $18,000.
In the case of the United States, intrafirm trade accounts for ______ percent of exports of goods.
A. 10 to 15 B. 15 to 25 C. 45 to 60 D. over 60 E. 30 to 40
Total quality management focuses on ______.
a. continuous inspection b. kaizen c. frequent inspection d. instant rework