Metal Company Metal Company sold merchandise to Steel Corporation on December 1, 2012, for $150,000, and accepted a promissory note for payment in the same amount. The note has a term of three months and an annual interest rate of 8%. Metal's accounting period ends on December 31. Refer to the data provided for Metal Company. What amount should Metal recognize as interest revenue on December 31,
2012?
A) $ -0-
B) $ 1,000
C) $12,000
D) $11,000
B
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In addition to focusing on controls, COBIT 5 expands its scope by incorporating which of the following broad perspectives?
A. How IT can automate specific business processes. B. IT networking requirements. C. IT cost reductions. D. How IT brings value to the firm.
Jack indicates high self-efficacy when he says,
A) "I know that I will make a superior PowerPoint presentation." B) "I am the greatest." C) "I do poorly on technical tasks." D) "I can handle anything."
General Equity Corporation enters into a contract with Honi, who agrees to create artwork for General's main office building. Honi delays and eventually refuses to perform. Meanwhile, General contracts to sell the building to Ideal Investments, Inc., but before the transaction is complete, Jewel Funds Company offers to pay a higher price. General refuses to transfer the building to Ideal. In separate suits by General against Honi and by Ideal against General, each plaintiff seeks specific performance. How might the court rule in each case, and why?
What will be an ideal response?
The project manager must determine the purpose of the presentation. Is it to inform or to persuade?
a. True b. False Indicate whether the statement is true or false