The payment of a note payable plus the accrued interest would be recorded in the

cash payments journal.

general journal.

sales journal.

purchases journal.

The purpose of the tax rules that apply to below-market loans between family members is to:a. Discourage loans between related parties. b. Prevent shifting of income among family members. c. Prevent gifts from being disguised as bad debt expenses. d.

What are three ways that can ensure your message is clear and not misnunderstood?

Which is the process used to determine the profitability of a product at various levels of sales. cost-based pricing break-even analysis demand-based pricing competition-based pricing?

If you open a savings account that earns 7.5% simple interest per year, what is the minimum number of years you must wait to double your balance? Suppose you open another account that earns 7% interest compounded yearly.

Branch Corp.'s total assets at the end of last year were $315,000 and its net income after taxes was $22,750. What was its return on total assets?

Shares of RossCorp stock are selling for $45 per share. Brokerage commissions are 2% for purchases and 2% for sales. The interest rate on margin debt is 6.25% per year. The maintenance margin is 30

For each of the goods, identify the characteristics that describe each good. Note that each good will be described with two characteristics. Rivalrous is also referred to as rival in consumption.

What is production technology and how does it differ from a production function? A. It is a function showing the highest output that a firm can produce for every specified combination of inputs, while the production function shows the minimum output

The lowest school dropout rate in the united states in 2008 occurred for:

One reason buy a home instead of rent a home is