People That Are Lactose Intolerant Have a Functional Copy of the Lactase

question 36

Multiple Choice

People that are lactose intolerant have a functional copy of the lactase gene but are unable to digest lactose. Which statement must be TRUE about lactose-intolerant people?

• A)They have the same lactase gene as lactose-tolerant people.
• B)They produce a lactase enzyme but it does not fold properly.
• C)They have a lactase gene made of RNA instead of DNA.
• D)They produce a lactase enzyme that digests glucose instead of lactose.

Distinguish between the principal and interest components of a promissory note.

Understand the advantages of promissory notes receivable over accounts receivable.

Apply the correct formula for calculating interest over different periods and using a standard 360-day year.

Record transactions involving promissory notes correctly in financial statements.

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Definitions:

Investment Costs

Expenses associated with the acquisition of new assets, facilities, or equipment intended to increase the capacity, efficiency, or capabilities of a business.

Pilferage

A small amount of theft.

Holding Costs

Expenses related to keeping inventory in storage, including warehousing, insurance, and spoilage costs, which are part of the overall inventory carrying costs.

Safety Stock

Additional inventory beyond the expected demand, held to guard against variability in market demand or supply chain disruptions.