What are the concerns related to minors and contracts in the entertainment industry?
What will be an ideal response?
Minors are those under the age of eighteen years old. Ultimately the concerns over minors include misappropriation of funds by minors' parents, the role of maintaining natural educational progression, and the harshness of losing one's youth in an adult world and its psychological and emotional ramifications..
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Under Article 2 of the Uniform Commercial Code, which of the following statements illustrates a merchant?
A. Charles, a chef, sells his car to his neighbor. B. Annie, a teacher, contracts to sell her microwave and television to her friend, Iris. C. Nick, an electronic goods dealer, contracts to sell laptops to another firm. D. Theodora, a doctor, sells her phone to her friend.
Which of the following accounts is not likely to appear in the chart of accounts of a service company?
a. Accounts Receivable; b. Merchandise Inventory; c. Depreciation Expense; d. Income Summary; e. Cash
This mark may be used to designate an unregistered trademark, or one where registration is pending, so as to put others on notice of the owner's legal claims.
A. ® B. © C. TM D. SM
If one unit of Product Z2 used $2.50 of direct materials and $3.00 of direct labor, sold for $8.00, and was assigned overhead at the rate of 30% of direct labor costs, how much gross profit was realized from this sale?
A. $2.50. B. $8.00. C. $1.60. D. $5.50. E. $0.90.