On october 1, sam's painting service borrows $150,000 from national bank on a 3-month, $150,000, 4% note. the entry by sam's painting service to record payment of the note and accrued interest on january 1 isdr notes payable 150,000; dr interest payable 1,500; cr cash 151,500dr notes payable 151,500; cr cash 151,500dr notes payable 150,000; dr interest payable 6,000; cr cash 156,000dr notes payable 150,000; dr interest expense 1,500; cr cash 151,500

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.

Why is investing in a mutual fund less risky than investing in a particular company’s stock?