Gertrude Bonnet bought 41.87 yards of material to make items for the art show. If each item used .32 yards, how many items was she able to make? (Round to the nearest whole item)
131 items
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Which if the following is not true about closing entries?
a. Closing entries move the balances of nominal accounts to the retained earnings account. b. Closing entries are an optional step in the accounting cycle. c. Closing entries are made later in the accounting cycle than adjusting entries. d. Closing entries are made before the post-closing trial balance is prepared.
The journal entry a company records for the payment of interest, interest expense, and amortization of bond premium is
A) debit Interest Expense, credit Cash and Premium on Bonds Payable B) debit Interest Expense, credit Cash C) debit Interest Expense and Premium on Bonds Payable, credit Cash D) debit Interest Expense, credit Interest Payable and Premium on Bonds Payable
Which of the following is an example of a form report??
A) ?A request for proposal B) ?A justification report C) ?An annual report D) ?A bank check
A significant disadvantage of the internal rate of return is that it
A) does not give proper weight to all cash flows. B) may have an unrealistic reinvestment assumption. C) is expressed as a percentage. D) does not fully consider the time value of money.