A ________ is a user-defined world in which people can interact, play, and do business
Fill in the blank(s) with correct word
virtual world
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Which of the following is one of the reasons that control is needed in an organization?
A. to adapt to change and uncertainty B. to detect opportunities C. to eliminate the need for teamwork D. to provide performance feedback E. to decentralize decision making
On December 1, 2018, Modern Dining Products borrowed $84,000 on a 12%, 5-year note with annual installment payments of $16,800 plus interest due on December 1 of each succeeding year. On December 1, the principal amount was recorded as a long-term note payable. What amount of the note payable will be shown as current portion of Long-Term Note Payable on the balance sheet as of December 31, 2018? (Round your answer to nearest whole number.)
A) $16,800 B) $26,880 C) $10,080 D) $33,600
Payment for purchasing Merchandise Inventory
Answer the following statement(s) true (T) or false (F)
A company uses the perpetual inventory system and recorded the following entry:Accounts Payable2,500 Merchandise Inventory 50Cash 2,450This entry reflects a:
A. Purchase of merchandise on credit. B. Payment of the account payable less a 1% cash discount taken. C. Return of merchandise. D. Sale of merchandise on credit. E. Payment of the account payable less a 2% cash discount taken.