Masters Company borrowed on a one-year, 10%, $150,000 note on May 1, with interest and principal to be paid at maturity. How much interest payable will be reported on Masters' balance sheet as of November 30 of the same year?

According to the text, the propensity of firms to outsource many of their productive activities to different suppliers around the world has resulted in the creation of _____________ products

Fill in the blank(s) with the appropriate word(s).

___________________ is the most popular approach to promotion budgeting.

A. Objective-and-task method B. Percent-of-sales method C. Desire and action method D. Comparative parity method E. All-you-can-afford method