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Questions in business

[Free] TB Problem Qu. 11-180 (Algo) Interest-bearing notes payable with year-end adjustments On December 1, Williams Company borrowed $350,000 cash from a bank by signing a 90-day, 12% note payable. a. Prepare Williams' journal entry to record the issuance of the note payable. b. Prepare Williams' journal entry to record the accrued interest due at December 31. c. Prepare Williams' journal entry to record the payment of the note on March 1 of the next year.

[Free] What is a potential negative outcome when a company limits how much salespeople can earn in commissions? A. Salespeople will spend more time on administrative duties instead of new accounts. B. Salespeople will spend more time with proven customers instead of with high-potential customers. C. Salespeople will demand stock options to compensate. D. Top-performing salespeople may quit selling when they reach their quota. E. Companies will have to pay bonuses more frequently to motivate employees to sell more.

[Free] What are the 3 components of a Problem Statement? Solution Impact Root Cause Duration Activity

[Free] Why is it important to make sure you do NOT spend a lot of time listening to complaints from a new employee? A. It escalates the problem by making the negativity worse. B. It makes the negative person feel he/she is being attacked. C. Showing sympathy to a negative person may make you a target in the workplace. D. Negativity is contagious.

[Free] Millions of individuals and groups use reported financial information to assess business organizations in order to make three predictions. Which of the following is of more significance to creditors of an organization? A. Future cash dividend distributions. B. Future ability to generate sufficient cash to meet debts as they mature. C. Future hires for an organization. D. Future stock market prices for the capital shares issued by the business.

[Free] If you want to take a customer out of the records to help maintain a clean customer list, what should you select from the Action column for that customer? A. Delete B. Remove C. Make inactive D. Edit

[Free] What is the best way to record a payment to a credit card? A. Use the Transfer feature to move the transaction from the bank account to the credit card account. B. Record the credit card statement as a bill and then record the payment as a bill payment. C. Use the Pay down a credit card feature to record moving funds from the bank account to the credit card account. D. Record the payment directly as income to balance the credit card account.

[Free] The first step in the decision-making process is to A. define your wants and needs B. identify your choices C. make a decision D. gather information

[Free] To expand your business, you hire a banker to raise $1 mm in order to finance a building designed by an architect. You also hire an attorney for 8 hours and a computer programmer for 12 hours. What is the total cost for these services? | Computer Programmer | $100/hour | Architect | $12,000 flat fee | |---|---|---|---| | Attorney | $225/hour | Banker | 2% of capital raised |

[Free] Arderi Air Conditioning sells one primary model of air conditioner. Each unit of this model costs them $[tex]$61.25$[/tex] to produce, but it sells for $[tex]$142.50$[/tex] apiece. Arderi Air Conditioning employs three salespeople, each of whom earns a different commission per unit sold, as shown on the following table. SalespersonCommission/SaleMary$[tex]$36.25$[/tex]Jay$[tex]$28.50$[/tex]Abby$[tex]$25.75$[/tex] Last month, Arderi Air Conditioning had a total fixed overhead cost of $[tex]$7,622.25$[/tex]. It is known that one salesperson sold 51 units, one salesperson sold 43 units, and one salesperson sold 54 units. Which arrangement of sales would cause Arderi Air Conditioning to break even? a. Mary sells 54 units; Jay sells 51 units: Abby sells 43 units b. Mary sells 54 units; Jay sells 43 units: Abby sells 51 units c. Mary sells 43 units; Jay sells 51 units. Abby sells 54 units d. Mary sells 43 units: Jay sells 54 units: Abby sells 51 units