A owes B $10,000 . A promises to pay the money back to C, to whom B owes $10,000 . C would be called:
a. an assignee b. a repudiator c. a promisee d. a performer
e. none of the other choices
e
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Bravo Bistro, Inc The stockholders' equity section of the December 31, 2011, balance sheet for Bravo Bistro appeared as follows: Common stock, $3 par, 2,000 shares issued and outstanding $ 6,000 Additional paid-in capital 1,000 Retained earnings 5,400 Total stockholders' equity $12,400 Assume that all of the 2,000 shares of Bravo's stock that was issued as of December 31, 2011, was issued for
$3.50 per share. On March 1, 2012, Bravo reacquired 1,000 shares of its common stock for $4.50 per share. Refer to the information presented above for Bravo Bistro, Inc The journal entry to record the transaction on March 1 includes a credit to what account and for what amount? A) $3,000 to paid-in capital from treasury stock transactions B) $4,500 to treasury stock C) $3,000 to common stock D) $4,500 to cash
_______________ is the introduction or modification of work assignments, authority relationships, and communication and reward systems.
a. Organizational structure innovation b. Exploratory c. Operational innovation d. Process
Bandy Corporation owns a machine that manufactures lawn game sets. Production time for the croquet set is 10 units per hour and for the volleyball set is 8 units per hour. The machine's capacity is 1,500 hours per year. Both products are sold to a single customer who has agreed to buy all of the company's output up to a maximum of 4,000 croquet sets and 10,000 volleyball sets. Selling prices and variable costs per unit are shown below. Based on this information, what is Bandy Corporation's most profitable sales mix? Croquet Set Volleyball GameSelling price per unit$75 $62 Variable costs per unit 42 25
A. 12,000 volleyball sets. B. 2,500 croquet sets and 10,000 volleyball sets. C. 4,000 croquet sets and 10,000 volleyball sets. D. 4,000 croquet sets and 8,800 volleyball sets. E. 15,000 croquet sets.
The writing requirement under the Statute of Frauds means that an agreement must be a formal written contract
Indicate whether the statement is true or false