Orman Co.sold $80,000 of accounts receivable to First Savings and incurred a 3% factoring fee.Prepare the journal entry for Orman Co.to record the sale.

In an organizational setting, the desire for autonomy and the need to coordinate the behaviors of organizational members serve as complimentary functions in the modern workplace.

Monitoring

A) Provides reasonable assurance that business goals will be achieved
B) Used by management for guiding operations and ensuring compliance with requirements
C) Overall attitude of management and employees
D) Used to locate weaknesses and improve controls
E) Identify, analyze, and assess likeliness of vulnerabilities

The maximin criterion is the idea that the government should aim to maximize the well-being of the worst-off person in society.

A company has a standard cost system in which fixed and variable manufacturing overhead costs are applied to products on the basis of direct labor-hours.The company's choice of the denominator level of activity has no effect on the fixed portion of the predetermined overhead rate.

The first law of banking is _____________________.

The chief executive officer (CEO) of a retailer of clothes plans to expand business into the accessories market.For this expansion,the CEO asks the chief financial officer (CFO) of the company to calculate the amount of funds the company will have to borrow from the bank.Which of the following types of funding is the CEO planning to obtain?

A) Factoring
B) Trade credit
C) Equity capital
D) Debt capital

Software companies continually work to develop new features of their products that make it easier for users to interact and share their work. As more of these features are embedded in the software, what happens to the individual demand curve for the software products?

A) Demand curve becomes more elastic due to the bandwagon effect.
B) Demand curve becomes less elastic due to the snob effect.
C) Demand curve shifts, but its degree of elasticity does not change.
D) There is no change in the individual demand curve.