Pressing Music, Inc., offers to buy from Digital Media Corporation (DMC) one million blank CDs of a certain quality. Without notifying Pressing, DMC timely ships CDs of a different quality. With respect to the offer and a possible contract, this shipment is
A. an acceptance and a breach.
B. an acceptance and an accommodation.
C. an acceptance and complete performance.
D. a rejection and a counteroffer.
Answer: A
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Double taxation is a disadvantage of a corporation because the corporation has to pay income taxes at twice the rate applied to partnerships
a. True b. False Indicate whether the statement is true or false
Use this information pertaining to the Alvino Corporation to answer the following question. 1 . The corporation's Store Supplies account showed a beginning debit balance of $200 and supplies purchased of $800 . There were $300 of supplies on hand at year end. 2 . Depreciation on a building is estimated to be $5,000. 3 . A one-year insurance policy was purchased for $2,000 . Three months have
passed since the purchase. 4 . Accrued interest on a note receivable amounted to $100. 5 . The company received a $3,600 advance payment during the year on services to be performed. By the end of the year, one-fourth of the services had been performed. The adjusting entry to record the amount of service revenue earned during the accounting period is a. Service Revenue 2,700 Unearned Revenue 2,700 b. Unearned Revenue 2,700 Service Revenue 2,700 c. Service Revenue 900 Unearned Revenue 900 d. Unearned Revenue $ 900 Service Revenue $ 900
Define and explain when one would use the two main bargaining strategies discussed in the textbook.
What will be an ideal response?
A manufacturing work cell has a takt time of 7 minutes. Exactly 10 workers are required. Suppose that the work cell delivers 68 units each day
(a) What is the total operation time? (b) What is the amount of time worked during the day for all 10 workers combined? (c) If the plant is open for only 8 hours per day, can the staff meet demand?