Which of the following is not characteristic of a valid contract?
A) It can be viewed as private law between the parties.
B) It will have at least two parties.
C) The parties must have the contract's terms approved by the appropriate court.
D) A court will enforce its terms if the parties do not voluntarily perform.
C
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The cost of goods sold and the SGA expenses of an organization are $60 million and $25 million, respectively. Its other operating expenses amount to $15 million
Determine the total operating income of the organization if it generates sales revenues of $150 million. A) $100 million B) $90 million C) $75 million D) $60 million E) $50 million
The direct charge-off method of recognizing uncollectible accounts is not in accordance with good accounting practice
Indicate whether the statement is true or false
Which of the following would not be found on the Balance Sheet of a manufacturer?
A) cost of goods manufactured B) work in process C) finished goods D) raw materials
Which of the following countries has a high geographic distance but a low cultural distance from the United States?
A. Mexico B. Australia C. France D. Canada