Austin borrowed $700 from a lender that charged simple interest at a rate of 9% for 6

years. What is the amount of interest Austin paid at the end of the loan?

A manager wants to determine the number of containers to use for incoming parts for a kanban system to be installed next month. the process will have a usage rate of 80 pieces per hour.

Under the allowance method, a. bad debt expense is recorded when specific customer accounts are determined to be uncollectible. b. the allowance account and estimates are used. c. the allowance account is used, but estimates are not. d.

Which of the following is a true statement about long-run economic growth?

The year-end adjusted trial balance of Aggies Corporation included the following account balances: Retained Earnings, $220,000; Service Revenue, $850,000; Salaries Expense, $380,000; Rent Expense, $140,000; Interest Expense, $75,000;

Consider a firm's short-run cost curves. If average total cost is increasing as output rises, then Select one: a. total fixed costs must be increasing b. average variable cost must be increasing, c. marginal cost must be below average total cost. d.

Linda underpaid her taxes for the current year by $4,000 due to negligence. a. Calculate Linda's accuracy-related penalty for negligence. $ b.

A retired person with $200,000 to invest states that "current income" is her main investment objective. Which of the following would be most suitable? (A) High yield bonds and growth stocks (B) Municipal bonds, U. S.

How do compliments and substitutes affect demand?

Non-trade receivables should be reported separately from trade receivables. Why is this statement either true or false? A) It is true because trade receivables are current assets and non-trade receivables are long term.

In general, a visionary organization asks what three types of questions to specify its foundation, set a direction, and formulate strategies? why, when, where what, by whom, how why, what, how how, when, where who, why, when