On February 1, 2021, Sanger Corp. lends cash and accepts a $2,000 note receivable that offers 10% interest and is due in six months. What would Sanger record on August 1, 2021, when the borrower pays Sanger the correct amount owed?A.Cash2,000 Interest Revenue100 Notes Receivable 2,100B.Cash2,100 Notes Receivable 2,100C.Cash2,100 Interest Revenue 100 Notes Receivable 2,000D.Cash2,200 Notes Receivable 2,200
A. Option A
B. Option B
C. Option C
D. Option D
Answer: C
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Which of the following parts of a report can a word-processing software generate automatically?
A. The transmittal B. The table of contents C. The executive summary D. The analysis
The direct method of reporting cash flows from operating activities involves reconciling net income and cash flow from operations
a. True b. False Indicate whether the statement is true or false
What is the operating income using variable costing?
Barrett, Inc. reports the following information for the year ended December 31:
The beginning Finished Goods Inventory costs were $3500 under absorption costing and $2800 under variable costing.
A) $38,640
B) $40,200
C) $9840
D) $2340
Answer the following statements true (T) or false (F)
1. Personal conflicts can help team performance, but conflict of ideas tends to hurt relationships and performance. 2. Two key variables in each stage of group development are competence and commitment. 3. While the forming stage of group development calls for a high-directive, low-supportive management style, it’s important to realize that low support doesn’t mean none, so the manager must also allow time for group members to get to know one another. 4. Among businesses today, the trend is toward the empowerment of teams, because teams can be more productive than groups. 5. With gainsharing, employees are paid for gaining additional skills or knowledge they need to perform multiple jobs within a team and to share knowledge with other team members.