Any party who does not receive what he or she considers a fair bargain can argue mistake
a. True
b. False
Indicate whether the statement is true or false
False
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In cost-volume-profit analysis, sales revenue is computed by multiplying units sold by the selling price per unit, and the targeted profit is projected by management
Indicate whether the statement is true or false
The following selected account balances are taken from a merchandising company's records:?Dec. 31Dec. 31,For the?20X220X1Year 20X2Merchandise inventory$ 15,600$ 21,200?Accounts receivable42,00036,000?Accounts payable32,40027,400?Salaries payable4,4003,000?????Total assets234,000286,000?Sales??$312,000Cost of goods sold??165,600Salaries expense??48,000(a) Calculate the cash payments made during 20X2 for merchandise. Assume all of the company's accounts payable balances result from merchandise purchases.(b) Calculate the cash receipts from customer sales during 20X2.(c) Calculate the cash payments for salaries during 20X2.
What will be an ideal response?
Short-term financing not backed by collateral is called
A. debt capital. B. unsecured financing. C. mortgage bonds. D. trade credit. E. unprotected financing.
Business ethics are the standards used to judge the rightness or wrongness of a business's relations to others.
Answer the following statement true (T) or false (F)