Maple Broadcasting Co. lends $20,000 to an employee who signs a 9%, 6-month promissory note. What is the total amount of interest on this note?
A. $900
B. $1,800
C. $20,900
D. $5,400
Answer: A
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Accounts payable confirmations are used less frequently by auditors than accounts receivable confirmations.
Answer the following statement true (T) or false (F)
Which statement is true about the plasma membrane?
A. The fluid nature of the membrane is regulated by flip-flopping of the phospholipids from one side of the membrane to the other. B. The proteins make up the matrix of the membrane. C. The model can be likened to a sandwich where phospholipids are like the bread and proteins are like the filling. D. Proteins and phospholipids can move sideways within the plane of the membrane.
Answer the following statements true (T) or false (F)
1) The cost of a building depends on whether the company is constructing the building or is acquiring an existing one. 2) When constructing a building for plant operations, payments for materials, labor, and miscellaneous costs are recorded as expenses. 3) After a machine is installed and is up and running, repairs and maintenance are recorded as part of the cost of the machine. 4) Installation costs are recorded as part of the cost of equipment.
A poll taken by Marist College found that which one of the following words or phrase is the most annoying, and should therefore be minimized while interviewing?
A) "Excuse me, sir (or madam)" B) "Nice to be here" C) "You can say that again." D) "Whatever"