Lubing Company Lubing Company sold merchandise to Lewing Corporation. on December 1, 2012, for $100,000. Lubing accepted a promissory note from Lewing Corporation for $100,000. The note has a term of 6 months and an annual interest rate of 9%. Lubing's accounting period ends on December 31, 2012. Refer to the information provided for Lubing Company. What amount should Lubing recognize as interest
revenue on December 31, 2012?
A) $ -0-
B) $ 750
C) $1,500
D) $9,000
B
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Use this information to answer the following question. Baker Company has the following information for the pay period of January 1-15, 2010 . Payment occurs on January 20. Gross payroll $16,000 Federal income taxes withheld $1,800 Social security and Medicare rate 7.65% Federal unemployment tax rate .8% State unemployment tax rate 5.4% The entry to record the payroll would include a
a. debit to Salaries Payable for the net amount. b. credit to State Unemployment Tax Payable. c. debit to Salaries Expense for the amount paid to the employees. d. debit to Salaries Expense for the gross payroll.
Which of the following can help a project manager to digest, clarify, and understand the factors leading to the selection of a specific international project?
A. Gantt chart B. Contingency matrix C. Risk matrix D. Responsibility matrix E. Priority matrix
A preferred stock is an example of a debt security
Indicate whether the statement is true or false
____ is a type of performance evaluation method that uses two meetings between the manager and the subordinate to first discuss goals for the subordinate and later to evaluate the subordinate’s performance in terms of the goals that have been set.
a. BARS b. Descriptive essays c. MBO d. Graphic rating scales