Which of the following is not one of the four general types of negotiable instruments?
A) Money orders
B) Checks
C) Certificates of deposit
D) Drafts
E) Notes
A
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Exhibit 20-3 On January 1, 2016, Quinn Company enters into a five-year sales-type lease with Andy Company. The lease requires Andy to make five annual payments at the beginning of the year, with the first payment due January 1, 2016. The lease includes a bargain purchase price of $10,000. Quinn requires a 10% rate of return. The cost to Quinn of the property is $100,000, and it has a fair value
of $150,000. Present value factors for a 10% interest rate are as follows: Present value of $1 for n = 1 0.909091 Present value of $1 for n = 5 0.620921 Present value of an ordinary annuity for n = 5 3.790787 Present value of an annuity due for n = 5 4.169865 ? Refer to Exhibit 20-3. What is the amount of sales revenue to be recognized by Quinn on January 1, 2016,? A) $143,791 B) $150,000 C) $50,000 D) $0
Start-up and organization costs should be expensed as incurred
Indicate whether the statement is true or false
Which of the following traits is NOT currently protected under Title VII?
A)National origin B)Sexual orientation (homosexual vs. heterosexual) C)Gender (male vs. female) D)Family responsibility (mothers vs. fathers)
Which of the following statements is an effective technique for minimizing theft?
A. Schedule higher inventory levels on weekends. B. Reduce the number of electronic noise activators. C. Install wide-angle and one-way mirrors to observe employee or customer behavior. D. Institute a flatter organizational structure and replace the status quo.