Suppose a customer is unable to pay its account on time, so the company accepts a six-month interest-bearing note receivable to replace the customer's account receivable. Over the next six months, what effect will accepting the note receivable have on the company's financial statements?
A. Total assets increase.
B. Net income increases.
C. Total revenues increase.
D. All of the other answers are financial statement effects that will occur.
Answer: D
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Which of the following statements about the length of television commercials is true?
A. Commercials have become longer as the demand for broadcast time has dwindled. B. Commercial length is increasing as the cost of ad space decreases. C. The number of 60-second commercials has declined due to the networks' desire to sell more ads and restrict clutter. D. Commercial length is increasing and 60-second spots are typically considered the norm. E. Commercials became shorter because advertisers turned to shorter spots as a way of controlling their media costs.
The Federal Deposit Insurance Corporation (FDIC) insures each depositor at a commercial bank, savings and loan association, or mutual savings bank up to a loss of ________ per account
A) $100,000 B) $250,000 C) $500,000 D) $1,000,000
It is determined that it takes 24 years for an investment of $10,000 to grow to $40,000 at a certain interest rate. Using the Rule of 72, what is the approximate value for the interest rate?
a. 3% b. 6% c. 9% d. 12%
Which of the following is a task performed by a geographic information system (GIS)?
A) Finding zip codes of areas with high population B) Recognizing the location where an accident has occurred C) Identifying areas with less oxygen D) Showing the number of people walking across a bridge