The term "sales proceeds" refers to the resulting assets from the sale, exchange, or disposal of collateral subject to a security agreement
Indicate whether the statement is true or false
TRUE
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One of the uses of marketing research is to identify market opportunities; however, the identification of problems is not a use of marketing research, but rather a use of the firm's internal auditing system
Indicate whether the statement is true or false
On January 1, a company issued and sold a $400,000, 7%, 10-year bond payable, and received proceeds of $396,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal entry to record the first interest payment is:
A. Debit Bond Interest Expense $14,000; debit Discount on Bonds Payable $200; credit Cash $14,200. B. Debit Bond Interest Expense $14,200; credit Cash $14,000; credit Discount on Bonds Payable $200. C. Debit Bond Interest Expense $28,000; credit Cash $28,000. D. Debit Bond Interest Expense $13,800; debit Discount on Bonds Payable $200; credit Cash $14,000. E. Debit Bond Interest Expense $14,000; credit Cash $14,000.
Payroll Services Company is a small business with ten employees. The regulations of the Occupational Safety and Health Administration exempts
A. all small businesses. B. businesses for whom penalties would be difficult to absorb. C. businesses with fewer than fifteen employees. D. no small businesses.
Why does the pass-through rate differ from the average note rate paid by the borrowers in the loan pool for this security?
What will be an ideal response?