Martin company signed a $5,000, 3-month, 6% note payable, on Dec. 1, 2004, with the principle plus interest due on March 1, 2005. If the accounting period ends on Dec. 31, which of the following statements is true? the answer is: On March 1, 2005, Martin will debit interest payable for $25

can you explain why?

Harmon inc. produces joint products l, m, and n from a joint process. information concerning a batch produced in may at a joint cost of $75,000 was as follows:

If art has a 7/1 arm, how long will the fixed interest rate be applied to his loan?

Rashid, the ceo of top productions, was telling his new vice president of accounting that "in the past i had resistance to new ideas by people who felt that one of our plans threatens their influence or jobs. so when you tell your collections department that we just hired a collection agency to handle bad debt, you may have to sell your collections manager and his supervisors on using the agency and that nobody is going to be laid off." selling middle and supervisory managers on changes to overcome their resistance is often a necessary part of