On January 1, Kane issues a note payable to Lorena on May 1. On April 29, Kane dies. In this situation, the note is
A. dishonored.
B. payable immediately.
C. payable within a reasonable time.
D. payable May 1.
Answer: A
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Which of the following deal with transaction legitimacy?
a. transaction authorization and validation b. access controls c. EDI audit trail d. all of the above
Andrews Corporation purchased 3,00 . gallons of raw materials for $9,200 . The standard price is $3.00 per gallon. If Andrews records the price variance at the earliest possible time, the entry to record the purchase of the material is:
a. Materials 9,200 Material purchase price variance 200 . Accounts payable 9,000 b. Materials 9,000 Accounts payable 9,000 c. Materials 9,000 Material purchase price variance 200 Accounts payable 9,200 d. Materials 9,200 Accounts payable 9,200
Of the following, a company would be most likely to rely on ________ to lower its costs and focus its resources on core competencies
A) brand stretching B) price wars C) bundling D) brand valuation E) outsourcing
A cost leader is the firm most likely to survive a price war.
Answer the following statement true (T) or false (F)