Suppose your state has enacted a law that demands equal compensation for jobs requiring about the same level of education, training, and skills. This concept is called
A. comparable worth.
B. profit-sharing.
C. a golden parachute.
D. variable worth.
E. bonus sharing.
Answer: A
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The purchase of office equipment at a cost of $2,600 with an immediate down payment of $1,200 and agreement to pay the balance within 60 days is recorded by:
a. A debit of $2,600 to Office Equipment, a debit of $1,200 to Accounts Receivable, and a credit of $1,400 to Accounts Payable. b. A debit of $1,400 to Accounts Receivable, a debit of $1,200 to Cash, and a credit of $2,600 to Office Equipment. c. A debit of $2,600 to Office Equipment, a credit of $1,200 to Cash, and a credit of $1,400 to Accounts Payable. d. A debit of $2,600 to Office Equipment, a credit of $1,200 to Cash, and a credit of $1,400 to Accounts Receivable.
A collection of related records, such as all the records of a college's students, is called a(n) _____.
A. field B. character C. item D. file
Contracts that are traditionally required to be in writing by the statute of frauds are:
A. contracts for the transfer of an interest in land. B. contracts for the sale of goods costing less than $500. C. bilateral contracts that have been fully performed by both parties. D. bilateral contracts that are capable of being performed within a year of their formation.
Dana rented a studio apartment from Mollie for one year, starting May 5, 2015 to May 5, 2016. Dana did not move out on May 5, 2016. Instead she sent Mollie a check for $300 on June 5, 2016 stating "June rent", which Mollie accepted. Mollie communicated to Dana that she was extending the lease to May 5, 2017. Dana confirmed the new tenancy and agreed to continue staying as a tenant. In this case, as of June 5, 2016, Dana is a tenant ________.
A. with a periodic tenancy B. for a term C. at will D. at sufferance