The "sabbatical" (a period of up to fifteen weeks of vacation with pay, occurring every five years) for employees with fifteen or more years of service is becoming a widespread fringe benefit in industry

Flipco signed a 10-year note payable on January 1, 2018, of $ 800, 000. The note requires annual principal payments each December 31 of $ 80, 000 plus interest at 5%. The entry to record the annual payment on December 31, 2019, includes

A. a debit to Interest Expense for $ 36, 000. B. a debit to Interest Expense for $ 40, 000. C. a credit to Notes Payable for $ 80, 000. D. a credit to Cash of $ 120, 000.

A company with headquarters in Europe and operational units in Canada, the United States, and Mexico would be well advised to consider establishing a(n):

A) matrix structure. B) international division structure. C) geographic structure. D) worldwide product division structure. E) regional management center.