An exchange between parties of oral or written promises that are enforceable in a court of law is a(n) ________
A) implied contract
B) exchange contract
C) express contract
D) quasi-contract
C
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All of the following are examples of business sources of external secondary data EXCEPT:
A) guides. B) directories. C) indexes. D) focus groups. E) statistical data.
Answer the following statement(s) true (T) or false (F)
1. A call stock option allows the investor to purchase the stock and sell it on the open market if the stock reaches a certain predetermined price. 2. Stock market quotations in the Wall Street Journal simply identify the current market price for different stocks. 3. Unlike stocks, bonds cannot be sold to other investors, and must be kept to the date of maturity. 4. Bonds can be sold to other investors, and can be sold before the date of maturity. 5. Bonds are rated on the likelihood that the corporation will be able to pay the interest and the principle as indicated.
Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. Use only one letter for each element. You do not need to enter amounts.Increase = IDecrease = DNo Effect = NA(Note that "No Effect" means that the event does not affect that element of the financial statements or that the event causes an increase in that element and is offset by a decrease in that same element.) On January 1, Year 1, Ravenwood Company issued a long-term installment note. AssetsLiabilitiesStk. EquityRevenuesExpensesNetStmt. of ?IncomeCash Flows???????
What will be an ideal response?
Blue Manufacturing Company is trying to decide whether to trade in equipment used in its manufacturing process for a newer model
The new equipment will save money because it will be more efficient to use. Indicate if the following items are relevant or irrelevant to this decision. Item Relevant or Irrelevant The price of the new equipment The price paid for the old equipment The trade in value of the old equipment The repair costs that will be incurred if the old equipment is kept The expected cost savings of the new equipment The costs that have been incurred on the old equipment What will be an ideal response