In most states, promises made to another based on moral obligation lack consideration and are not enforceable
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True
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Inferential errors fall into two categories:
a. circular reaction and identification. b. induction and deduction. c. denial and trauma. d. generalization and identification.
During August, Boxer Company sells $358,000 in merchandise that has a one year warranty. Experience shows that warranty expenses average about 5% of the selling price. The warranty liability account has a credit balance of $12,600 before adjustment. Customers returned merchandise for warranty repairs during the month that used $9200 in parts for repairs. The entry to record the estimated warranty expense for the month is:
A. Debit Estimated Warranty Liability $17,900; credit Warranty Expense $17,900. B. Debit Estimated Warranty Liability $9200; credit Warranty Expense $9200. C. Debit Warranty Expense $14,500; credit Estimated Warranty Liability $14,500. D. Debit Warranty Expense $5300; credit Estimated Warranty Liability $5300. E. Debit Warranty Expense $17,900; credit Estimated Warranty Liability $17,900.
In a SWOT analysis, which of the following would most likely be considered a strength of a company?
A) a favorable economic climate that encourages consumption B) the exit of a competitor from the market C) higher prices of the company's products resulting from inflation D) an increase in consumer interest in the company's products E) an improvement in the company's production technology
Primary research relies on firsthand data, such as responses from pertinent individuals or observations of people or phenomena related to your study
Indicate whether the statement is true or false