_____ refers to financing that arises during the natural course of business without the need for special arrangements.
A. Spontaneous financing
B. Factoring
C. Equity financing
D. Debt financing
Answer: A
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Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy Janitorial on October 17. If the note is dishonored, but Uniform Supply intends to continue collection efforts, what entry should Uniform Supply make on January 15 of the next year? (Assume no reversing entries are made.) (Use 360 days a year.)
A. Debit Cash $4,920; credit Notes Receivable $4,920. B. Debit Cash $4,920; credit Interest Revenue $100; credit Interest Receivable $20, credit Notes Receivable $4,800. C. Debit Notes Receivable $4,800; debit Interest Receivable $120; credit Sales $4,920. D. Debit Accounts Receivable $4,920; credit Interest Revenue $20; credit Interest Receivable $100, credit Notes Receivable $4,800. E. Debit Cash $4,920; credit Interest Revenue $20; credit Interest Receivable $100, credit Notes Receivable $4,800.
Which of the following statements is not true?
a. Routine payroll processing begins with the submission of time cards. b. Payroll clerks must verify the hours reported on the time cards. c. Payroll reconciles personnel action forms with time cards and prepares paychecks. d. Cash disbursements signs paychecks and forwards them to the paymaster for distribution.
As a training technique, job rotation has good transfer value because the learner rotates between actual jobs
Indicate whether the statement is true or false.
In a criminal action, the government is a party to the action
Indicate whether the statement is true or false.