Marketers are still waiting for mobile advertising and mobile commerce to gain traction with smartphone users

On January 1, Year 1, Needham, Inc., borrowed $10,000 at 6% for four years. On December 31, Year 1, Needham made its first installment payment of $2,886. Show the effect of the first installment payment on the accounting equation. Round the amounts to the nearest dollar. What is SE?

A. (2,286) Cash B. (600) Notes Payable C. (2,886) Notes Payable D. (600) Cash E. (2,886) Interest Expense F. (2,886) Cash G. (2,286) Notes Payable H. (600) Interest Expense I. 0 No Effect

Which of the following identifies an advantage of the line structure?

A. Line managers are able to do their own work rather than having to delegate to the subordinates. B. Decision-making is expeditious. C. Line managers have assistants to whom they can delegate certain tasks. D. Staff specialists provide expertise in areas in which line managers may be deficient.