If two parties "agree to agree," then they do have a legally binding agreement
Indicate whether the statement is true or false
FALSE
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Under the net method, when a company uses a perpetual inventory system, an invoice for $2,000 with terms of 2/10, n/30 should be recorded with a debit to Merchandise Inventory and a credit to Accounts Payable of $2,000.
Answer the following statement true (T) or false (F)
A stock dividend, declared by a corporation's directors, is a distribution of additional shares of the corporation's own stock to its stockholders without any payment in return.
Answer the following statement true (T) or false (F)
Baylen, whose adjusted gross income is $60,000, purchases a new home during the year, borrowing $300,000 from Century National Bank to finance the purchase. He also pays $3,000 in points and $4,500 in loan origination fees. During the year he pays interest of $14,000 on the loan. What is Baylen's allowable interest deduction?
a. $14,000 b. $15,800 c. $17,000 d. $18,800 e. $23,300
A marketing manager wants to build a strong relationship with the customers and to customize message without high costs. He understands that relationship building and message customization would require constant updating the database due to the reliance on CRM. Based on the manager's consideration, ____________ will be the most appropriate promotional form.
A. Personal selling B. Direct marketing and interactive marketing C. Sales promotion D. Advertising E. Public relations