Cindy, a real estate agent, sells her friend Doug’s house without charging a commission. In return, Doug promises to give Cindy $1,000. This promise is not an enforceable contract because
A. the house has already been sold—the consideration is past.
B. selling the house was the agent’s preexisting duty.
C. selling the house was a foreseen difficulty.
D. the promise of a payment of $1,000 is illusory.
Answer: A
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What is the correct expression of the null hypothesis for the alternative hypothesis: the percentage of Internet users who use the Internet for shopping is greater than .40?
A) H0: ? < .40 B) H1: ? > .40 C) H0: ? = .40 D) H1: ? ? .40
The extent to which a firm adjusts net income for changes in noncurrent assets and noncurrent liabilities in deriving cash flow from operations under the indirect method depends on the nature of its operations. Service firms will likely show a small amount of
a. subtraction from net income for capital expenditures. b. addback to net income for capital expenditures. c. subtraction from net income for depreciation expense. d. addback to net income for depreciation expense. e. addback to retained earnings for depreciation expense.
Gwen deposits $5,000 with Home State Bank on July 1, 2016. Home State Bank promises to repay Gwen the $5,000 plus 3 percent annual interest on July 1, 2021. Home State Bank issued to Gwen A) acertificate of deposit
B) a check. C) anonnegotiable instrument. D) a trade acceptance.
Constitutionalism means
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