Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda’s Bagel Café in exchange for her payment of a debt that Lyle owes to New Credit Corporation. Under this contract, the intended beneficiary is
A. Miranda.
B. New Credit.
C. Lyle.
D. any customer of Miranda’s.
Answer: B
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The data presented below is for Craft, Inc for 2015. Credit sales during the year $2,100,000 Accounts receivable—December 31, 2015 295,000 Allowance for doubtful accounts—December 31, 2015 28,000 Bad debt expense for the year 17,000 What is the effect on liquidity when Craft records its estimate for bad debt expense using the allowance method?
a. Liquidity decreases b. Liquidity increases c. Liquidity stays the same d. Liquidity both increases and decreases
Coca-Cola cups prominently featured on episodes of American Idol are an example of ________
A) advertainment B) buzz marketing C) personal selling D) sales promotion E) product placement
Those from individualistic cultures tend to use _____ as a metaphor for teams.
a. family b. friendship c. community d. sports
All member countries belong to the UN's
A. Central Bank. B. Security Council. C. Peace Jurga, the main deliberative body. D. General Assembly.