Lark promises to buy Mac's used textbook for $60. Lark is
a. anofferor.
b. an offeree.
c. a promisee.
d. a promisor.
D
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Sparrow Corporation The items listed below were identified while preparing a bank reconciliation for the checking account of Sparrow Corporation as of March 31, 2012. Sparrow's balance according to the general ledger ? Bank statement balance $18,500 Outstanding checks 2,700 A customer's NSF check returned by the bank 350 Bank service charges 100 Deposits in transit 1,000 Interest earned on the
checking account 60 Refer to the information presented for Sparrow Corporation. How will the deposits in transit be handled within a bank reconciliation? A) Add to the balance from the company records B) Subtract from the balance from the company records C) Add to the bank statement balance D) Subtract from the bank statement balance
Helena Furnishings wants to reduce its cash conversion cycle. Which of the following actions should it take?
A. Increases average inventory without increasing sales. B. Take steps to reduce the DSO. C. Start paying its bills sooner, which would reduce the average accounts payable but not affect sales. D. Sell common stock to retire long-term bonds. E. Sell an issue of long-term bonds and use the proceeds to buy back some of its common stock.
The basic remedy for misrepresentation is restitution
Indicate whether the statement is true or false
There are several tasks that a project customer (or sponsor acting in that capacity) can do to enhance the probability of success. All of the following are generally performed jointly with the project contractor who will perform the work EXCEPT:
a. terminate project if needed b. develop clear requirements c. use a control system d. conduct a kick-off meeting