Which of the following is an example of an offer to make a unilateral contract?
A) Jose offers to sell Melinda his car for $20,000.
B) Martin offers to fund the renovation of Billy's farm to help ease his debt problems.
C) Robert offers to take Jasmine to the park on Thursday if it does not rain.
D) Helena offers to pay $300 to anyone who finds her lost puppy and returns it to her.
D
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Formal organizational designations create a coalition, based on the interests of the parties involved.
Answer the following statement true (T) or false (F)
________ are the rewards given to a person by the boss, the company, or some other person.
A. Hygiene factors B. Personalized powers C. Extrinsic rewards D. Halo effects E. Procedural justices
The Brown Foundation gave a local nonprofit organization a $1 million endowment. This action is an example of what type of revenue source?
A. earned income B. fee for service C. philanthropic gift D. government grant
In the current year, Borden Corporation had sales of $2,120,000 and cost of goods sold of $1,260,000. Borden expects returns in the following year to equal 5% of sales. The unadjusted balance in Inventory Returns Estimated is a debit of $18,000, and the unadjusted balance in Sales Refund Payable is a credit of $22,000. The adjusting entry or entries to record the expected sales returns is (are):
A.
| Sales returns and allowances | 84,000? | |
| Sales | 84,000? | |
| Cost of Goods Sold | 45,000? | |
| Inventory Returns Estimated | 45,000? |
B.
| Sales Refund Payable | 84,000? | |
| Accounts receivable | 84,000? |
C.
| Accounts Receivable | 2,120,000? | |
| Sales | 2,120,000? |
D.
| Sales Returns and Allowances | 84,000? | |
| Sales Refund Payable | 84,000? | |
| Inventory Returns Estimated | 45,000? | |
| Cost of goods sold | 45,000? |
E.
| Sales | 2,120,000? | |
| Sales Refund Payable | 106,000? | |
| Accounts receivable | 2,014,000? |