Billy wants to borrow $10,000 to start a male belly dancing business. Creditors are not anxious to lend him the funds. Billy convinces Gary to back-up his credit. Gary is:
a. the principal b. the grantor c. the testator d. the surety
e. the detainor
d
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Answer the following statements true (T) or false (F)
1. Revenue center responsibility reports show all costs incurred by the department and are useful when management needs to know the full cost of operating the department. 2. A profit center performance report includes both revenues and expenses. 3. Both the sales volume variance and the flexible budget variance help revenue center managers understand why they have exceeded or fallen short of budgeted revenue.
Some companies are being challenged to provide _______ support, which means they support customers anywhere in the world.
Fill in the blank(s) with the appropriate word(s).
Suppose that you invested $100 in a bank account that earned an annual rate of return of 10%. How much would you have in that bank account at the end of 10 years?
A) $259.37 B) $238.55 C) $293.74 D) $214.46 E) $279.23
Under the common law, an offer can be revoked:
a. anytime the offeror wants before the contract is sealed b. only if allowed by a district court c. anytime the offeree wants d. anytime after acceptance e. none of the other choices are correct