A management initiative is increasing the number of tasks jobholders perform. Management is increasing ________.
A. task range
B. task diversity
C. job range
D. job depth
Answer: C
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Under the provisions of the statute of frauds, one example of a contract that does not have to be in writing to be enforceable is a(n)
a. promise to pay the debts of another living person. b. agreement for the transfer of ownership in real property. c. agreement to rent real property for one year or less. d. agreement for the sale of merchandise valued at $700.
Which of the following trade credit terms for goods and services purchased would be least desireable to the purchasing firm?
A) 2/10 net 30 B) 1/10 net 30 C) 3/15 net 30 D) Unless we know the firm's cost of borrowing we cannot determine which set of terms is least preferred.
The executor of the Estate of Kate Tweed discovered the following assets (at fair value): Cash$104,000 Interest receivable 7,800 Life Insurance policy 390,000 Residence 260,000 Shares of PepsiCo 65,000 Shares of Apple 143,000 Shares of Kenyan Lake 182,000 ??The will of Kate Tweed had the following provisions:? $195,000 in cash went to Victor Vickery. ? All shares of PepsiCo went to Duchess Doyle. ? The residence went to Louis Tweed. ? All other estate assets were to be liquidated with the resulting cash going to the Sacred Church of Liberty, Missouri.?Administrative expenses of $13,000 were paid. Prepare the journal entry to record the transaction.
What will be an ideal response?
A contra-asset appears on the income statement.
Answer the following statement true (T) or false (F)