On August 1, Year 1 Hernandez Company loaned $48,000 cash to Acosta Company. The one-year note carried a 5% rate of interest.
Which of the following shows how the December 31, Year 1 recognition of accrued interest will affect Hernandez’s financial statements?

Balance sheet Income Statement Statement of
Cash Flows
Assets = Liab. + Equity Rev. − Exp. = Net Inc.
A. 1,400 = NA + 1,400 1,400 − NA = 1,400 1,400 OA
B. 1,400 = NA + 1,400 1,400 − NA = 1,400 NA
C. 1,000 = NA + 1,000 1,000 − NA = 1,000 1,000 OA
D. 1,000 = NA + 1,000 1,000 − NA = 1,000 NA

You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?

The sign at the bank reads, "wait here for the first available teller," suggests the use of a waiting line system. a. multiple server, single phaseb. random server, single phasec. single server, multiphased. multiple server, multiphasee. dynamic server, single phase

An outside supplier has offered to sell talbot similar wheels for $1.25 per wheel. if the wheels are purchased from the outside supplier, $15,000 of annual fixed overhead could be avoided and the facilities now being used could be rented to another company for $45,000 per year. direct labor is a variable cost. if talbot chooses to buy the wheel from the outside supplier, then annual net operating income would: