An executory contract is one that has been performed by both parties
Indicate whether the statement is true or false
F
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If the sales effect for period 5 is $125 million and the carryover effect is 0.25, calculate the total sales impact for period 5
A) $500 million B) $31.25 million C) $166.67 million D) $93.75 million E) $156.25 million
Without authorization, Lars contracts on behalf of Mina to have Nemo paint Mina’s Boutique. If Mina decides to ratify the contract, she must affirm
A. all of the contract. B. any part of the contract, with Lars liable to Nemo for the difference. C. any part of the contract before performance begins. D. any part of the contract at any time.
When Lola finds out June is disgruntled, she is surprised. When she approaches June, June tells her she emailed her months ago about an issue and it never got resolved. The issue is important, and once June brings it up, Lola remembers receiving the message. Lola is embarrassed that she never addressed it. Which communication barrier is best exemplified in this example?
A. filtering B. emotions C. information overload D. differing perceptions
A company made an error in recording the Year 1 purchase of computer equipment as an expense. This was discovered in Year 2. The item should be reported as a prior period adjustment on the Year 2 income statement.
Answer the following statement true (T) or false (F)