A promissory note is executed in June. When the note is paid the following January, the payee's entry includes (assuming a calendar-year accounting period and no reversing entries) a
a. debit to Interest Income.
b. credit to Cash.
c. credit to Interest Receivable.
d. debit to Notes Receivable.
C
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Delivering value to the customer is the core of marketing.
Answer the following statement true (T) or false (F)
The use of the cost price approach when setting transfer prices
a. should not be used when profit and/or investment centers are involved in the transfer. b. requires only fixed costs be used in setting the transfer price. c. uses only budgeted costs. d. will motivate the division manager to make intracompany product transfers.
The objective function of the goal programming model for RFM analysis seeks to maximize the expected revenue
a. True b. False
In most organizations, managers are often rewarded based on how well they meet the budget
Indicate whether the statement is true or false