A letter-of-credit agreement between Rural Feed Corporation and Soybean Farms, Inc, requires Rural Feed's bank to pay Soybean Farms on receipt of invoices. This letter of credit is
a. a formal contract.
b. no contract.
c. an implied contract.
d. a quasi contract.
A
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Unearned revenue is a liability that is settled in the future when a company delivers its products or services.
Answer the following statement true (T) or false (F)
Assuming that net cost of purchases was $39,000 during the year and that ending merchandise inventory was $1,000 less than the beginning merchandise inventory of $12,500, how much was cost of goods sold?
A) $50,500 B) $52,500 C) $40,000 D) $38,000
Which of the following is a position power?
A. leadership power B. active power C. legitimate power D. referent power
_________________ is the ability to seize opportunities to apply creative skills in the workplace.
a. Emotional intelligence b. Reversed innovation c. Practiced creativity d. Self-leadership