Iosa promised to pay a police officer $150 to keep an eye on Iosa's store while she was away. Is Iosa's promise binding? Why or why not?
No. Promising to pay a police officer for something the officer is already required to do does not constitute consideration. There is, therefore, no valid contract.
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_______________occurs when the speaker takes general information (premises) and draws a conclusion from that general information.
a. Inductive reasoning b. Causal reasoning c. Analogical reasoning d. Deductive reasoning
The wetland permit program:
A. specified a list of 189 chemicals for which the Environmental Protection Agency (EPA) is required to issue regulations requiring the installation of the maximum available control technology. B. is administered by the Kyoto Protocol with the Environmental Protection Agency (EPA) involvement. C. can limit a landowner's use of property when that use is viewed as injurious to the values protected by the Clean Water Act. D. established a program governing the injection of wastes into wells.
Which type of account is Cost of Goods Sold?
A) An asset account. B) A liability account. C) An expense account. D) An income account.
Department W had 2,400 units, one-third completed at the beginning of the period, 14,000 units were transferred to Department X from Department W during the period, and 1,800 units were one-half completed at the end of the period. Assume the completion ratios apply to direct materials and conversion costs. What is the equivalent units of production used to compute unit conversion cost on the cost
of production report for Department W (Assuming the company uses FIFO)? A) 14,100 units B) 12,000 units C) 15,000 units D) 11,400 units