On January 1, Cooper Company accepted a one-year note for $5,000 at 4% from one of its customers. When the note matured on December 31, the customer was unable to pay, and the company treated it as a dishonored note. Prepare the journal entry that Cooper will make to record the dishonored note. Omit explanation.
What will be an ideal response?
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Answer the following statements true (T) or false (F)
1. CVP analysis assumes that the sales price per unit does not change as volume changes. 2. The breakeven point is the point where the sales revenues are equal to the fixed costs. 3. A CVP graph shows how changes in the level of sales will affect profits. 4. The fundamental assumption of cost-volume-profit (CVP) analysis is that, in the long run, fixed costs become variable costs. 5. CVP is also sometimes referred to as cost-volume-loss analysis because changes in sales prices also affect profits (or losses).
CREATE OR REPLACE PACKAGE ordering_pkgIS pv_total_num NUMBER(3,2); PROCEDURE order_total_pp (p_bsktid IN NUMBER, p_sub OUT NUMBER); FUNCTION ship_calc_pf (p_qty IN NUMBER) RETURN NUMBER;END;When creating a package body for the package specification above, which of the following statements is incorrect?
A. The package body must be created using the same name as the existing specification. B. All code in the procedure and function header sections in the package body must match exactly to the declarations in the corresponding specification. C. The package body cannot include declarations of variables, cursors, types, and program units not found in the corresponding specification. D. Items declared in the body and not in the specification can be used only by other procedures and functions within this same package body.
What is the focus of a firm that develops a relational orientation with its customers?
A. Working with competitors to simplify product offerings for customers B. Relating product knowledge to customers' interests C. Gaining profit from each customer transaction D. Gaining lifetime profitability from customer relationships E. Generating profits quickly before customers shop elsewhere
Secured creditors must share the assets of a debtor equally
Indicate whether the statement is true or false