What is the distinguishing characteristic between accounts receivable and notes receivable?
a. Accounts receivable are usually current assets while notes receivable are usually long-term assets.
b. Accounts receivable require payment of interest if not paid within the usual credit terms.
c. Notes receivable result from credit sale transactions for merchandising companies, while accounts receivable result from credit sale transactions for service companies.
d. Notes receivable result from a written promise to pay within a specified amount of time.
d
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The annual discount rate is 9%. Compute the present value of the second option. (Round to nearest whole dollar.)
Edward Hughes has just won the state lottery and has the following three payout options for after-tax prize money:
1. $166,000 per year at the end of each of the next six years
2. $306,000 (lump sum) now
3. $518,000 (lump sum) six years from now
A) $684,000
B) $103,600
C) $414,400
D) $306,000
If you were thinking about a washing machine as a system, which of the following represents the process?
A. The light indicating that the washer is off balance and has stopped. B. The wash and rinse cycle. C. The dirty clothes, water, and detergent. D. The clean clothes.
What are the three power styles and how do they affect a team and its members?
What will be an ideal response?
In parallel processing, two subcomponents can be worked on simultaneously in different processes and then brought together in a final process for completion
Indicate whether the statement is true or false