Windsor, the owner of Windsor's Sandwiches, contacts Gary, a new supplier. He promises Gary that he will pay him $375 if Gary delivers 20 pounds of cheese the following morning. Gary promises to make the delivery as requested by Windsor. This creates a(n) ________ contract between them.
A. bilateral
B. unilateral
C. executed
D. voidable
Answer: A
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Examples of associated value include:
A) how reliably a web site stays up and running. B) product cost. C) product reliability or durability. D) the experience of dealing with the company.
Answer the following statements true (T) or false (F)
1. Service naturals make up 25% of the population of available workforce. 2. Hiring people who have the same attitude, knowledge, abilities, skills, and personality as your top performers is actually a type of benchmarking. 3. Enthusiastic employees make the guest experience more memorable and help keep the organization in the mind of the guests when they leave. 4. Hiring college students who will accept line positions is difficult because of the large debt incurred while being educated, but those who are committed to the industry will stand out.
Selling and administrative expenses are billed and paid the month after they occur. Selling and administrative expenses have both a fixed and a variable component. The fixed component is a constant $8,000 a month. The variable component equals 5 percent of revenues. Given revenues of $300,000 for January, $350,000 for February, and $400,000 for March, what would be the budgeted selling and
administrative expenses that would be paid in March? a. $8,000 b. $16,500 c. $25,500 d. $23,000
Six months ago, a company purchased an investment in debt for $71,450. The investment is classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. The current fair value of the debt is $68,000. The company should record a:
A. Credit to Unrealized Gain-Equity for $3450. B. Debit to Unrealized Loss-Equity for $3450. C. No entry is required. D. Credit to Investment Revenue for $3450. E. Debit to Investment Revenue for $3450.