To create a will, a person must be of legal age, be mentally competent, and not be subject to undue influence or threats from others
Indicate whether the statement is true or false.
Answer: TRUE
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In your ______ you do not introduce new ideas, but instead restate your central ideas.
Fill in the blank(s) with the appropriate word(s).
Answer the following questions. (Show your work.) a. Revenue of $60,000 was earned, but only $45,000 was collected. Expenses of $36,000 were incurred, but only $30,000 was paid. What is reported net income? b. Wages of $4,000 are paid every Friday for a
five-day workweek. If the end of the year falls on a Tuesday, the adjusting entry for wages would be recorded at what amount? c. A company vehicle is purchased for $24,000. Assuming an eight-year useful life and zero value at that time, what is the balance of accumulated depreciation after five years? d. Supplies Expense of $3,600 was recorded for a given year. Assuming that $2,400 in supplies were purchased during the year and that $640 in supplies remained at year end, what was the cost of supplies at the beginning of the year?
Why would a company insist that its salespeople stick to strict route designs?
What will be an ideal response?
Elmer wrote a letter to his friend, Fred, offering to sell him an 80-acre farm for $200,000 . After mailing the letter, Elmer learns that the farm is actually worth $300,000 and changes his mind about selling. Which of the following is true?
a. Elmer must keep the offer open, because this is an option contract. b. Elmer is stopped from revoking his offer to Fred. c. Elmer has made a firm offer to Fred which cannot be revoked. d. Elmer can revoke his offer at anytime, because there is no consideration to keep it open.