In an REA diagram, information about all the payments received from customers would be stored in which type of entity?

A. event
B. none
C. resource
D. agent

Answer: A. event

Business

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Get Out of Town Vacations signed a 14%, 10-year note for $157,000. The company paid an installment of $2,100 for the first month. What portion of the first monthly payment is interest expense? (Round your answer to the nearest whole number.)

A) $268 B) $35,063 C) $15,183 D) $1,832

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There is general agreement that the matrix design is the single best organization structure for global marketing

Indicate whether the statement is true or false

Business