Why is the learning rate more pronounced for complex products than for simple products?
What will be an ideal response?
Complex products offer more opportunity for improving work methods, materials, and processes.
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Garber Company lends Newell Company $20,000 on April 1, accepting a four-month, 6% interest note. Garber Company prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared?
a. Note Receivable 20,000 Cash 20,000 b. Interest Receivable 100 Interest Revenue 100 c. Cash 100 Interest Revenue 100 d. Interest Receivable 300 Interest Revenue 300
Which of the following are common provisions found within many life insurance policies?
A. Reinstatement, entire contract, incontestability B. Aviation, suicide, incontestability C. Pre-existing conditions, entire contract, grace period D. Right to return, reinstatement, war clause