Nora enters into a contract with Oceanic Transport, Inc, to insure and ship a painting from France to the United States for a certain price. But Oceanic makes a mistake in adding the costs, which results in a contract price that is $1,000 less than the true cost. Most likely, a court would
a. allow the parties to rescind the contract.
b. award damages to Nora for the mistake.
c. award damages to Oceanic for the mistake.
d. enforce the contract as is.
A
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161. On July 1 of the current calendar year, Olive Co. paid $7,500 cash for management services to be performed over a two-year period beginning July 1. Olive follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31 of the current year for Olive would include:
A. A credit to a liability and a debit to a prepaid expense for $1,875. B. A debit to an expense and a credit to a prepaid expense for $5,625. C. A debit to a prepaid expense and a credit to an expense for $1,875. D. A debit to a prepaid expense and a credit to Cash for $5,625. E. A debit to an expense and a credit to a prepaid expense for $1,875.
Which of the following channels is most likely to get the quickest response?
A. e-mail B. voicemail C. text message D. memo
When networking technologists discuss ________ networking, they are talking about the integration of data, voice, and video, all carried seamlessly over one infrastructure
A) pervasive B) probable C) physical D) packet
Which of these best explains the current value of a bond?
What will be an ideal response?