Detta borrows $20,000 from the bank. For a five-year loan, the bank requires annual end-of-year payments of $4,878.05. The annual interest rate on the loan is ________
A) 6 percent
B) 7 percent
C) 8 percent
D) 9 percent
B
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Failure to record dividends paid would result in which of the following?
a. Net income being understated b. An increase in total liabilities c. Stockholders' equity being overstated d. Total assets being understated
Nevada Enterprises purchased a machine on January 2, 2013 . at a cost of $140,000 . An additional $70,000 was spent for installation, but this amount was charged erroneously to repairs expense. The machine has a useful life of five years and a salvage value of $40,000 . As a result of the error,
a. retained earnings at December 31 . 2014, was understated by $34,000 and 2014 income was overstated by $6,000. b. retained earnings at December 31 . 2014, was understated by $42,000 and 2014 income was overstated by $6,000. c. retained earnings at December 31 . 2014, was understated by $34,000 and 2014 income was overstated by $14,000. d. 2013 income was understated by $70,000.
The proximate cause of an injury is the ______ cause of the injury
a. only b. definite c. probable d. most likely e. none of the other choices
Which graphically characterize(s) data processes and flows through a business system?
A) data dictionary B) data flow diagrams C) structured analysis D) design