A business renders services to a customer for $26,000 on account. Which of the following accounts is debited?
A) Cash
B) Accounts Receivable
C) Service Revenue
D) Accounts Payable
B
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Which of the following is a unique feature of demand-based pricing?
A) The demand-based pricing curve nears the unit cost curve at the end of the life cycle. B) Demand-based pricing is effective for companies with an effective monopoly in their respective industries. C) Demand-based pricing can be volatile as fickle customers change their demand for the product or service. D) The prices at the decline stage are generally higher than those at any other stage in the product life cycle.
Which of the following is recommended during delivery of a presentation?
a. Watch the audience for feedback and make appropriate adjustments in the length and content of your speech. b. Stay behind the lectern, rather than causing distraction by moving around. c. Make eye contact with every person in the audience, even if only for a second. d. Keep breathing shallow and regular through your nose and mouth.
Which of the following statements about group long-term disability income plans is true?
A) The definition of disability becomes less restrictive after a worker has been disabled for 2 years. B) Coverage is provided for both occupational and nonoccupational disabilities. C) Benefits are increased if a worker is eligible for Social Security or workers compensation benefits. D) Maximum monthly benefits under long-term disability income plans are significantly lower than the benefits paid under short-term disability income plans.
Regional Lumber Company and Superior Builders Corporation enter into a contract for a sale of wood products. Regional, a merchant who deals in goods of the kind sold, makes implied and express warranties in connection with the sale. Under the UCC, if these are inconsistent
A. all implied warranties displace all express warranties. B. all express warranties displace all implied warranties. C. the implied warranty of fitness for a particular purpose takes precedence. D. the implied warranty of merchantability takes precedence.