On September 1,2013,Sharp Corp

question 116

Multiple Choice

On September 1,2013,Sharp Corp.lent $2,400 to Marla Smith on a 6-month 8% promissory note.The journal entry to record the note for Sharp Corp.would be to:

• A)debit Note Receivable/M Smith,$2,400;credit Cash,$2,400.
• B)debit Note Receivable/M Smith,$2,496;credit Cash,$2,496.
• C)debit Note Receivable/M Smith,$96;credit Interest Income,$96.
• D)debit Cash,$2,400;credit Note Payable/M Smith,$2,400.

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Definitions:

Frederick Herzberg

A psychologist best known for developing the Motivation-Hygiene Theory, which asserts that certain factors lead to job satisfaction while others prevent dissatisfaction.

Salary

The fixed regular payment, typically paid on a monthly or biweekly basis, made by an employer to an employee, especially a professional or a white-collar worker.

Dissatisfiers

Factors or elements in a job or environment that can cause dissatisfaction or discomfort if missing, but do not necessarily motivate if present.

Love Needs

Emotional requirements centered around affection, belongingness, acceptance, and intimacy, as outlined in Maslow's hierarchy of needs.