An obligee's promise to accept a stated performance in satisfaction of the obligor's existing contractual duty creates an accord
Indicate whether the statement is true or false
True
You might also like to view...
The present value of a future amount depends on two variables: the interest rate and the number of periods
Indicate whether the statement is true or false
If a check correctly written and paid by the bank for $272 is incorrectly recorded in the company's books for $227, how should this error be treated on the bank reconciliation?
A. Add $45 to the book balance. B. Add $45 to the bank's balance. C. Subtract $45 from the bank's balance and add $45 to the book's balance. D. Subtract $45 from the book balance. E. Subtract $45 from the bank's balance.
Ruskin Company had utilities cost of $95,000 at an output level of 30,000 units. The utilities cost was a mixed cost and the fixed portion was $50,000. What would the estimate of total utilities cost be at an output level of 40,000 units?
A) $65,000 B) $95,000 C) $110,000 D) $125,000
A manager who wants to introduce flexible work schedules in a company will write which one of the following proposals for management consideration?
a. solicited proposal b. RFP c. external proposal d. internal proposal