A $6,000, 60-day, 12% note recorded on November 21 is not paid by the maker at maturity. The journal entry torecognize this event is
a. debit Cash, $6,120; credit Notes Receivable, $6,120
b. debit Accounts Receivable, $6,120; credit Notes Receivable, $6,000; credit Interest Receivable, $120
c. debit Notes Receivable, $6,060; credit Accounts Receivable, $6,060
d. debit Accounts Receivable, $6,120; credit Notes Receivable, $6,000; credit Interest Revenue, $120
d
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When Sony came out with PlayStation®4, it created a website specifically for the new product. This is an example of a microsite.
Answer the following statement true (T) or false (F)
You believe that the stock of MoabBikes will soon fall from its current price of $25 per share. You short 1,000 shares with your broker who has a 50% margin requirement. The price falls to $15 per share, but not before it pays a $5 dividend per share
Your commissions and other charges totaled $50. What was your total profit? A) $5 B) $2,450 C) $2,500 D) $4,950 E) $9,950
Pictures or other media that act as links are ____.
A. hypertext B. hypermedia C. linktext D. linkmedia
Carl filed his tax return, properly claiming the head of household filing status. Carl's employer paid or provided the following to Carl:Wages$65,000Fair market value of qualified dependent care services4,000Premiums for $50,000 qualified group term life insurance500Medical insurance premiums600How much of this income should Carl report (assume benefits are provided on a nondiscriminatory basis)?
A. $69,000 B. $69,500 C. $65,000 D. $70,100