What is an advantage of taking out a long-term loan instead of a short-term loan?
A. A long-term loan usually has a lower total cost.
B. A long-term loan usually has a lower interest rate.
C. A long-term loan usually requires a low debt-to-income ratio.
e
D. A long-term loan usually requires no credit check.

The budgeted overhead cost for the year is $1,260,000. the company has estimated that one-third of the budgeted overhead cost is incurred to support the firm's two partners, and two-thirds goes to support the staff accountants. the current audit bid for monoco industries requires $18,000 in direct partner professional labor, $30,000 in direct staff accountant professional labor, $5,000 in direct material. what is the overhead rate based on a single cost driver (rounded to the nearest percentage)?

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?

Money from an allowance or job is known as .