On October 1, 2018, Teton Industries negotiates with its bank to borrow $20,000 cash on a one-year note. The bank charges 5% interest. Interest payments are to be made in two installments, on March 31 and September 30. The principal is to be repaid on September 30, 2019, the maturity date. What journal entry needs to be recorded as of March 31, 2019?
A. Debit Interest Payable $250, debit Interest Expense $250, and credit Cash $500.
B. Debit Interest Expense $500 and credit Interest Payable for $500.
C. Debit Interest Expense $500 and credit Cash $500.
D. Debit Interest Expense $250 and credit Cash for $250.
Answer: A
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Quality Paper Products utilizes a structure that includes functional divisions, such as accounting and production, and a divisional chain of command, such as the home products and office divisions. For example, Mariana, a salesperson, reported to both her sales manager and the office products manager when she first started working on the city of Springfield account. Quality Paper Products has a
A. geographic-divisional structure. B. matrix structure. C. team-based approach. D. modular structure. E. hollow structure.
Demographic profiles of customers provide an easily understood "snapshot" of the typical consumer in a specific target market.
Answer the following statement true (T) or false (F)
Good packaging
A. can lower distribution costs. B. can make a product easier or safer to use. C. can make products easier to handle and display. D. can be an important promotional tool. E. All these answers are correct.
Which of the following statements is (are) true with regard to an unendorsed ISO Dwelling Form?
I. The Dwelling forms provide theft coverage and personal liability insurance. II. The Dwelling 3 form provides broader property coverage than the Dwelling 1 form. A) I only B) II only C) both I and II D) neither I nor II