What are three types of financing you have studied?
What will be an ideal response?
Answer: Credit cards, personal loans, mortgages and home equity loans and lines of credit are possible answers.
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You are reviewing the accounting records of Buddy's Foreign Automotive, owned by Bruce Jones. You have uncovered the following situations. List the appropriate accounting principle related to each independent scenario and suggest a correct action for each .1. In August, a check for $500 was written to Community Sports. This amount represents soccer camp for his daughter Cassie.2. Bruce plans a Going Out of Business Sale for June, since he will be closing the business for a month-long vacation in July. He plans to reopen August 1 and will continue operating Buddy's Foreign Automotive indefinitely.3. Buddy received a shipment of tools from Ontario, Canada. The invoice was stated in Canadian dollars.4. Sandy Lane paid $1,500 for a major repair services. The amount was recorded as revenue.
The parts for the repair must be ordered from overseas and the service won't be complete until the following month. What will be an ideal response?
Universal life provides an interest return on the savings component that is periodically revised
Indicate whether the statement is true or false.
What is e-procurement?
What will be an ideal response?
Under the common law of contracts, unlike under Article 2, an acceptance may not deviate from the terms of the offer without being either a rejection or a counteroffer
a. True b. False Indicate whether the statement is true or false