On November 1, 2018, Sky Mountain Co. borrowed $200,000 cash on a 1-year, 6% note payable that requires Sky Mountain to pay both principal and interest on October 31, 2019. Given no prior adjusting entries have been recorded, the adjusting journal entry on December 31, 2018, Sky Mountain's year-end, would include a:
A. credit to Cash of $2,000.
B. credit to Interest Payable of $2,000.
C. debit to Interest Expense of $12,000.
D. credit to Note Payable of $2,000.
Answer: B
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Answer the following statements true (T) or false (F)
1.When establishing comparison level for alternatives to our current relationship and we believe such a person cannot easily be found, we are more likely to stay in the relationship even though it carries with it great costs and the potential for significant loss. 2.Trust is sustained only if both parties to a relationship behave in trustworthy ways. 3.Because we are exposed to them daily, media and technology make us “numb” to our relationships. 4.In advertising, films, and television, women and girls often are presented as hypersexualized and as being in competition with each other--often for men. 5.Working to “win” in a relationship can make it a healthier relationship.
The use of doublespeak may be either deliberate or unintentional
Indicate whether the statement is true or false
Consider the estimated aggregate demand for a company’s ski product line for the upcoming year in the following table. Calculate the firing cost for month of February using the chase production strategy. The average number of hours required to produce a pair of skis is 8 hours, and the number of worker hours per month is 160. The current workforce is 100. The firing cost per worker is $200.
a. $12,000
b. $15,000
c. $20,000
d. $10,000
Fortunately, Europe was largely shielded from the economic recession that afflicted the world
economy in 2007. The European economies contracted less and have recovered much more rapidly than their counterparts in the United States and China. Indicate whether the statement is true or false