"I'll sell you my car if I decide to sell it" is an example of:
a. a conditional offer.
b. an unliquidated offer.
c. a unilateral contract.
d. an illusory promise.
d
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What is a reason for the popularity of employee stock ownership plans (ESOPs)?
A. ESOPs must invest at least 51 percent of their assets in the company's own stocks. B. Employees can use ESOPs to buy their company during financial crises. C. ESOPs provide tax advantages to employers. D. The employees are provided with many more shares of stock than they actually own. E. ESOPs provide very high risk-free retirement income.
Ryan and Peter share profits in the ratio 3:2. They have decided to liquidate the partnership. They sold the furniture and equipment for $72,000. Which of the following is the correct journal entry for the sale transaction?
The balance sheet of Ryan and Peter's partnership as of December 31, 2018, is given below.
Inventory management systems that are designed to make the process of reordering and receiving products as simple as possible are referred to as ________.
A. web-based response systems B. order replenishment systems C. customer logistics factors D. efficient consumer response systems E. minimum-inventory systems
A company has a cash ratio of 2.3. What does this imply?
A) The company has an unnecessarily large amount of cash supply. B) The company does not have enough cash supply. C) The company is not in a position to pay off its long-term liabilities. D) The company is not in a position to pay off its current liabilities.