Following negotiations with Lester's Landscaping for maintenance services for a lawn and garden, Moore enters into an informal contract. This means that the parties' contract
A. requires no special form.
B. is not enforceable.
C. is not a true contract.
D. is voidable.
Answer: A
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Marjorie Company's cash balance per the books at the end of the month was $ 7 comma 300. After comparing the company's records with the monthly bank statement, Marjorie's accountant identified the following reconciling items: outstanding checks, $800; deposits in transit, $700; bank service charge, $ 20; and NSF check, $ 200. The bank collection of a note receivable was $ 1 comma 400 plus interest of $ 160. There also was an EFT payment of $ 180. What is the adjusted book balance at the end of the month?
A. $8470 B. $8640 C. $7270 D. $8490
Why is it important to understand the specific external and internal forces of change that organizations face?
What will be an ideal response?
Refer to Instruction 10.1. If CVT locks in the forward hedge at $1.22/euro, and the spot rate when the transaction was recorded on the books was $1.25/euro, this will result in a "foreign exchange accounting transaction ________ of ________
A) loss; $90,000. B) loss; €90,000. C) gain; $90,000. D) gain; €90,000.
Job descriptions should be inflexible in very small firms to give the owner more freedom in assigning work to available employees.
Answer the following statement true (T) or false (F)