Regarding contracts, in seeking to determine whether there is a meeting of the minds, the courts look to how a reasonable person would objectively view the language or actions of the parties.
Answer the following statement true (T) or false (F)
True
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________ occurs when only some of the correct behaviors are reinforced-either after a certain time or after a number of correct responses.
A. Extinction B. Partial reinforcement C. Shaping D. Continuous reinforcement
The interest charged on a $50,000 note payable, at the rate of 6%, on a 60-day note would be
a. $3,000. b. $1,667. c. $750. d. $500.
In 2014, Lindsay's at-risk amount was $50,000 at the beginning of the year. Lindsay's shares of income and losses from the activity were as follows (ignore passive loss rules):YearGain (Loss)2014 $(60,000) 2015 $(40,000) 2016 $(20,000) 2017 $40,000 2018 $40,000 In 2018, what amount of income or loss will Lindsay report from this activity?
What will be an ideal response?
Classify the following items as: (1) prepaid expense, (2) unearned revenue, (3) accrued expense, or (4) accrued revenue. a) fees received but not yet earned b) fees earned but not yet received c) paid premium on a one-year insurance policy d) property tax owed to be paid beginning of next year