When one party breaches a sales contract, the UCC places the risk of loss on the party ____________________ for the breach
Fill in the blank(s) with correct word
responsible
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Which of the following situations does not require an adjusting entry at the end of May?
a. At the end of May, Bolton Industries pays the custodian for May office cleaning services. b. On May 1, Bolton Industries paid rent for six months on its office building. c. On May 1, Bolton Industries began delivery service to a client who will pay at the end of a three-month period. d. On May 1, Bolton Industries purchased delivery equipment with an estimated useful life of six years.
A form of organization that is similar to Max Weber's description of a bureaucracy is a(n) ________ organization.
A. matrix B. specialized C. organic D. decentralized E. mechanistic
Random numbers generated by a mathematical process instead of a physical process are pseudorandom numbers
Indicate whether this statement is true or false.
Old Dominion Antiques Shop reported the following income statement and balance sheet for Year 1:
During Year 1, the company's inventory turnover was 3.76 times and its average number of days to days to sell inventory was 97.1 days.Required:a) Determine the accounts receivable turnover ratio and the average number of days to collect accounts receivable.b) Determine the length of the operating cycle.(Round to one decimal place.)
What will be an ideal response?