Which of the following is not true about the discount on short-term notes payable? The Discount on Notes Payable account has a debit balance. When there is a discount on a note payable, the effective interest rate is higher than the stated discount rate. Discount on Notes Payable is a contra account to Notes Payable. The Discount on Notes Payable account should be reported as an asset on the balance sheet.

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a. esther lost her job and begins looking for a new one. b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work. c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.