The goal of expectation interest is to
A) serve as a penalty for breaching a contract
B) award damages under the UCC when the sale of goods is the subject of the contract.
C) put the non-breaching party in the position it would have been in had the contract never been formed.
D) put the non-breaching party in the position it would have been in if the contract hadn't been breached.
D
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When a company uses the allowance method of accounting for uncollectible receivables, which entry would not befound in the general journal?
a. Bad Debt Expense Allowance for Doubtful Accounts 500 500 b. Bad Debt Expense Accounts Receivable, Bob Smith 500 500 c. Cash 300 Allowance for Doubtful AccountsAccounts Receivable, Bob Smith 200 500 d. Cash Accounts Receivable, Bob Smith 500 500
Expenses provide future benefits, and assets measure the consumption of those benefits
Indicate whether the statement is true or false
The sales proposal gives the company an opportunity to showcase its unique products, service, and pricing.
Answer the following statement true (T) or false (F)
On average, how many cars are in the system?
In a bank drive-through, there is a single service window and room only for two cars to line-up to wait for service. The mean time between arrivals for drive through customers is 5 minutes. The mean time to complete a customer transaction is 3 minutes. The number of arrivals is distributed according to a Poisson distribution and the service times are exponentially distributed.