A 60-day, 12% note for $10,000, dated May 1, is received from a customer on account. If the note is discounted on May 21 at 15%, the amount of interest revenue or expense to be recorded by the payee of the note on May 21 is
A) $30 interest expense
B) $30 interest revenue
C) $170 interest revenue
D) $170 interest expense
B
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Ideally, payroll checks are written on a special bank account used only for payroll
Indicate whether the statement is true or false
This question contains two parts; be sure to answer both. First, define job enlargement. Next, imagine that you are the front-end manager of a supermarket. You manage all the cashiers, baggers, and the customer-service desk. Recognizing that each of these jobs is repetitive without much variety, you want to enlarge each job to increase employee engagement and satisfaction. How might you enlarge the jobs you manage?
What will be an ideal response?
An implied warranty or merchantability and an implied warranty of fitness for a particular purpose cannot exist in a single transaction
Indicate whether the statement is true or false
Selected financial information for the Baltimore & Ohio Railroad Corporation (B&O) is provided in the table below
B&O is currently all equity financed, but it is considering a leveraged capital structure, details of which are presented in the column labeled 'Proposed'. Under the proposed capital structure, B&O will use all of the new debt to repurchase (and cancel) shares. How many shares will be left outstanding after the repurchase, if B&O buys shares for $30.00 per share? Capital Structure Capital Structure Current Proposed EBIT $150,000 $150,000 Debt, D 0 $1,500,000 Cost of Debt, N/A 3% Shares Outstanding 100,000 - Stock Price $30.00 $30.00 A) 50,000 B) 100,000 C) 75,000 D) 25,000 E) 33,000