Franchising is an option whereby the parent company grants another firm the right to do business in a prescribed manner

Martin Company signed a $5,000, 3-month, 6% note payable, on December 1, 2004, with the principle plus interest due on March 1, 2005. If the accounting period ends on December 31, which of the following statements is TRUE?

A) On December 31, 2004, Martin will debit Interest Expense for $50 B) On December 31, 2004, Martin will credit Interest Payable for $75 C) On March 1, 2005, Martin will debit Interest Expense for $75 D) On March 1, 2005, Martin will debit Interest Payable for $25 E) On March 1, 2005, Martin will debit Notes Payable for $5,075

The focus for a process improvement exercise should be on balancing:

A) flow. B) capacity. C) workload. D) time.