When cash collectibility is uncertain, a firm using the ____________________ method recognizes revenue as it collects portions of the selling price in cash
Fill in the blank(s) with correct word
installment
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In 2016, Aspinwall Company issued $200,000 of bonds for $175,000 . If the face rate of interest was 9% and the effective rate of interest was 7.99%, how would Aspinwall calculate the interest expense for the first year on the bonds using the effective interest method?
a. $175,000 × 7.99% b. $175,000 × 9% c. $10,000 × 7.99% d. $10,000 × 9%
Which of the following is defines globalization?
a. Tendencies to a worldwide reach, impact, or connectedness of social phenomena b. A world-encompassing awareness among social actors c. World-wide access to markets, cheap labour and cheap costs of production d. Both a and b
The number of patients assigned to a doctor is an example of ______.
a. limited population source b. constant population source c. infinite population source d. discrete population source
Kurt writes a check on his account at Liquidity Bank to Mandy, a fa¬mous singer. The person claiming to be Mandy is an imposter, however, named Nila. Nila indorses the check to Outsize Portions, a casino, restaurant, and nightclub, for which Liquidity Bank cashes it. Ultimately, the loss will most likely fall on
a. Kurt. b. Liquidity Bank. c. Mandy. d. Outsize Portions.