On July 9, Mifflin Company receives an $8,500, 90-day, 8% note from customer Payton Summers as payment on account. Compute the amount due at maturity for the note and interest. (Use 360 days a year.)
A. $8,670
B. $8,628
C. $8,192
D. $8,500
E. $8,613
Answer: A
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Leslie noticed that Andy was not at work today. Leslie decided to look at Andy’s history of attendance. If Leslie sees that Andy is consistently absent, she could tend to ascribe his absence to internal causes. If Andy’s attendance is usually high, then she would regard a day’s absence as unusual, therefore ascribing it to external causes. What factor that influences our internal and external attributes did Leslie use?
A. unanimity B. distinctiveness C. consistency D. consensus
Reynolds Company experienced an accounting event that affected its financial statements as indicated below:Assets=Liab.+EquityRev.?Exp.=Net Inc.Stmt ofCash Flows+ NA ++ NA ++OAWhich of the following accounting events could have caused these effects on the elements of Reynolds' statements?
A. Paid a cash dividend. B. Earned cash revenue. C. The information provided does not represent a completed event. D. Borrowed money from a bank.
Fleming Inc manufactures and sells wooden bookshelves. Which of the following steps in the manufacturing cycle would be considered non-value added time?
A) Time spent cutting the wood for the bookshelves. B) Time spent assembling the bookshelves. C) Time spent moving the bookshelves from the assembly department to the staining department. D) Time spent staining the bookshelves.
Behavior modification involves the use of
a. reinforcements or rewards. b. mentors. c. coaches. d. none of these choices.